Earthquakes News

Bermuda Signs Tax Deal w/ Mexico

Bermuda’s Minister of Finance Paula A. Cox announced that it has signed a bilateral agreement with Mexico that provides for a full exchange of information on criminal and civil tax matters between Bermuda and Mexico. The signing of the tax …

Q&A with Ironshore’s Kelley: Why He Left AIG and His Plans for Ironshore

In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International Group’s (AIG), and the industry’s, most …

Strong Earthquakes Abroad Could Weaken Geologic Faults in U.S.

Powerful earthquakes may be a trigger for weakening geologic faults a half a world away, U.S. researchers said this week in a study that points to new ways to predict earthquakes. “Earthquakes are caused when a fault fails, either because …

AAUComp Announces Grocery Store Program

AAU Comp continues its expansion with a new Grocery Store Program. This program is designed for the retail industry and will be based out of AAU’s new location in El Segundo, Ca. Targeted classes include independent and franchise grocers. This …

Temblor Shakes California near Oakland

An earthquake rattled parts of Alameda County in Northern California this week. The U.S. Geological Survey says a quake with a preliminary magnitude of 3.7 hit around 8:27 p.m. Tuesday about three miles (five kilometers) south of Pleasanton, and about …

AAU Rolls Out New Grocery Store Program

AAU Comp, a subsidiary of USG Holdings, has introduced a new Grocery Store Program. This program is designed for the retail industry and will be based out of AAU’s new location in El Segundo, Calif. Targeted classes include independent and …

California Braces for Fake Quake

Tomorrow at exactly 10:15 a.m. almost 7 million Californians are expected to drop to the ground, cover their heads, and hold on for dear life. This curious behavior is part of an event called the Great California Shakeout, a statewide …

Ratings Recap: Singapore Re, AGF, Ansvar, White Mountains Re, Oriental, Jupiter

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited, both with stable outlooks. The ratings reflect Singapore Re’s “superior risk-adjusted capitalization level, increasing presence in …

Indonesia Halts Search for Earthquake Survivors; Focus Turns to Relief Efforts

Rescue workers called off the search Monday for life under the rubble left by a massive earthquake, focusing instead on bringing aid to survivors in the towns and hills of western Indonesia, despite being hampered by torrential rains. “The chances …

It Figures

$4 Million The estimated cost to build a tsunami evacuation building, or TEB, on the Oregon coast. It would sit about 15 feet above the water on pilings, allowing water to flow under it. Proponents says such a building would …