Munich Reinsurance America, Inc. announced that it now offers a reinsurance product for insurance companies impacted by rising insured losses from ‘local’ natural catastrophes. “The Nat Cat Frequency Cover is designed to protect insurers against the accumulation of losses resulting …
The outlook is not good for Oregon bridges in a major earthquake. A study released Monday concludes that U.S. Highway 101 on the coast would be impassable, all connections from the coast to the Willamette Valley would be broken, and …
Some north Alabama residents awoke to a shaky start of the new week. A small earthquake rattled the northern part of the state Monday morning. The 1.4 magnitude quake centered around the Fort Payne area. It hit around 4 a.m. …
Allied American Underwriters (AAU Comp) of El Segundo, Calif., has a new furniture store program for franchised and non-franchised retail furniture stores. The coverage can include property, general liability, umbrella, workers’ compensation, employee benefits liability, stop gap liability, hired and …
After Decades of Discussion, States Adopt 3-Tired Plan Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the issue …
White Paper Approved at Fall Meeting with Near-Unanimous Vote The private insurance industry alone ‘cannot be expected to provide comprehensive catastrophe coverage without adequate financial backstops for the most extreme events.’ Although it may seem like the debate over the …
Scientists have met with residents of a central Pennsylvania town to reassure them about the hundreds of tiny earthquakes the area has experienced over the past year. Charles Scharnberger, Millersville University professor emeritus of geology, says fracturing rock is to …
Two Jackson-area organizations have released a brochure designed to help residents prepare for natural disasters. Teton County Emergency Management coordinator Rich Ochs says the brochure, which lists the various emergencies that could affect the region and gives guidelines for coping …
$12.1 Million Cumulative amount of bonuses to be paid to several top executives at AIG, after U.S. pay czar Kenneth Feinberg signed off on the deal. The payments were promised in 2008 to get key employees to stay with AIG …
White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the …
