Should an earthquake generate a tsunami on the Oregon coast, there might be only 20 minutes to get to high ground. But regional leaders, engineers and scientists plan to gather next week in Cannon Beach and Portland to talk about …
The State Auto Insurance Companies, based in Columbus, Ohio, now offer customized Marriage Identity Services, enhancing the lineup of identity protection services available to State Auto policyholders. Through a partnership with Identity Theft 911, a provider of identity theft management, …
Craig Fugate brought three lessons with him when he took over the Federal Emergency Management Agency: Always be ready for disasters, make sure people take responsibility for themselves and get the message out creatively. He also is stressing FEMA isn’t …
Hurricane Hugo was the most costly hurricane ever to hit the United States when it made landfall in South Carolina in 1989, causing $4.2 billion in insured damage. Since then, the total insured property along South Carolina’s coast has grown …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Japanese insurer Nipponkoa Insurance Company Ltd., both with stable outlooks. “The ratings reflect Nipponkoa’s strong risk-adjusted capitalization, improvement in underwriting …
Aon Benfield and PartnerRe have released their annual re/insurance industry report, Hazard & Risk Science Review 2009, which showcases the latest developments in the field of natural hazard and risk science. The Review, which is co-sponsored by Aon Benfield and …
AIR Worldwide Corporation has updated its probabilistic earthquake risk model for the Mediterranean region. The Boston-based catastrophe risk modeling firm, noted that the model is “used by European insurers, brokers, and reinsurers to manage earthquake risk in this region.” The …
Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Bermuda-based IPC Holdings Ltd. to ‘BBB-‘ from ‘BBB’ and removed it from CreditWatch, where it was placed on June 16, 2009, with negative implications. S&P then withdrew its …
Newark, Calif.-based insurance and risk modeling firm Risk Management Solutions (RMS) has unveiled its next-generation models for North America earthquake risks, covering the United States and Alaska, Canada and Mexico. The new models are likely to lead to a reduction …
Coverage For When the Show Just Can’t Go On Michael Jackson’s recent untimely death has produced a flurry of articles in the mainstream media. Aside from tributes to the deceased, many of them have focused on what outlays and expenses, …
