Upward pressure on property/catastrophe reinsurance rates in the U.S. eased at the July 1, 2009 renewal, as capacity in the market remained sufficient without being abundant, according to a briefing published today by Guy Carpenter & Co., LLC. Consistent with …
Truly listening to what agents have to say can make a world of difference in how an insurance company is run and organized. Just ask the folks at San Diego-based ICW Group Insurance Companies, an Insurance Journal-ranked Super Regional carrier …
Insurers are still seeking a universal solution to weaknesses in catastrophe bonds exposed by Lehman Brothers’ collapse, though structural improvements have helped push sales past $1 billion this year. This year’s nine catastrophe bonds have employed innovative structures to neutralize …
A subcommitee of the U.S. House of Representatives that is looking into trouble spots in the country’s homeowner insurance market is coming to Florida in July. House Financial Services Oversight and Investigations Subcommittee Chairman Rep. Dennis Moore, D.-Kan., announced that …
Slum-dweller Krustin bin Juri lost everything when floodwaters swept through his home and shop on the banks of Jakarta’s filthy Ciliwung river two years ago. But when the next flood hits, and it will because Jakarta sees frequent floods in …
Barry Miller figured he was saving $100 a month when he scaled back his disability insurance. After all, he was healthy. “It just looked like the policy was too expensive,” said Miller, who was paying for his own disability insurance …
More than 40 earthquake recording stations will be placed around the state and in Iowa as part of a federal initiative overseen by Missouri University of Science and Technology. The seismic monitors join another 400 stations already in place across …
A global trend towards increasing weather-related disasters was confirmed in 2008, the second deadliest year in the past decade for natural catastrophes, an annual Red Cross report said Tuesday. The number of people reported killed by natural disasters last year …
Wheaton, Ill.-based American Association of Insurance Services (AAIS) has developed a new rating plan for adding earthquake coverage to policies based on standardized forms, manual rules, and rating information provided under the AAIS Homeowners Program. The new plan consists of …
Big European reinsurers said on Friday that they still expected no major losses from an influenza outbreak that the World Health Organization (WHO) this week declared the first flu pandemic of the 21st Century. “The WHO moving to phase 6 …
