According to initial estimates from the forthcoming Swiss Re sigma study on catastrophes, more than 238,000 people lost their lives to natural catastrophes and man-made disasters in 2008 – the fourth largest number of deaths since 1970. While the total …
A weak earthquake shook parts of the South Carolina coast Tuesday, tipping over people’s Christmas trees, knocking pictures off walls and causing minor injuries. The temblor with a preliminary magnitude of 3.6 was recorded at 7:42 a.m. northwest of Charleston, …
The California Earthquake Authority Governing Board today approved a team of reinsurance intermediaries to work on the CEA’s behalf to meet its reinsurance needs. AON Benfield will act as lead intermediary, with Guy Carpenter & Co. LLC and Willis Re …
AIR Worldwide Corporation announced that it has updated its probabilistic catastrophe risk models for Japan. AIR said the “enhanced models will improve the management of earthquake and typhoon risk in Japan. The AIR Earthquake Model for Japan incorporates independent research …
Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana Commissioner of Insurance Jim Donelon. The workers’ compensation …
A small earthquake rattled homes in the Oklahoma City metro area on the night of Dec. 1, authorities said. There were no immediate reports of damage or injury with the quake, which struck about 8:50 p.m. The temblor registered 2.7 …
Officials at Jackson State University in Mississippi have opened a Department of Homeland Security research facility. A ribbon-cutting ceremony was held recently for the Center of Excellence for the Study of Natural Disasters, Coastal Infrastructure and Emergency Management. The center …
10 The jail sentence in years given a West Virginia woman found guilty of submitting false insurance claims for jewelry. According to state officials, Sherry Kay Peyton, of Williamstown, submitted two separate claims for the same piece of jewelry that …
A new federal study of the New Madrid Seismic Zone predicts Tennessee would see the highest level of damage if there is a 7.7 magnitude earthquake. The study notes that the total economic impact of a series of NMSZ earthquakes …
The Southern California wildfires are burning a bigger hole in California’s budget, adding to the state’s $11.2 billion deficit, the governor’s finance spokesman said. The state has spent $305 million on emergency firefighting since the start of the fiscal year …
