The tsunami that killed 230,000 people in 2004 was the biggest in the Indian Ocean in some 600 years, and it has lessons for the Pacific Northwest, geologists said. Geologists say the long gap between tsunamis in the Indian Ocean …
Hawaii is proposing a new $70 million emergency response center near Diamond Head to replace an aging and cramped facility in use for the past three decades. If state and federal funding is identified, the proposed center is to be …
West Chester, Pa.-based Venture Insurance Programs, a national program administrator, will offer coastal property coverage under a new CATalyst Property Insurance brokerage facility. CATalyst will support each of Venture’s current industry programs with access to all major property writers, while …
Holly Seefried was in bed sleeping beside her husband, Bill, at 8:06 a.m. on Oct. 28, 1983, when they awoke to a roar outside their ranch home near Mackay. The noise grew louder by the second. “There was this rumbling. …
Newark, Calif.-based Risk Management Solutions has opened a new office in Beijing, China, as a sign of its commitment to support the growth of the property insurance industry and risk mitigation efforts in China. The office in central Beijing will …
Willis Group Holdings, a global insurance broker, has released a report summarizing recent changes in the scientific view of seismic hazard in the United States. The report has been added to the curriculum of the Associate in Reinsurance (ARe) designation …
Carvill Capital Markets recently listed named storm contracts on the Chicago Mercantile Exchange, providing coverage for live hurricanes and for an entire hurricane season. Patrick Gonnelli, president of Carvill Capital Markets, said contracts are listed on the CME, allowing any …
Florida remains focused on recovery of its property insurance market. But new rules for reinsurers, a national catastrophe plan and the use of occupational rating in insurance are also on the radar of Florida Insurance Commissioner Kevin McCarty, who discussed …
Carvill Capital Markets recently listed named storm contracts on the Chicago Mercantile Exchange, providing coverage for live hurricanes and for an entire hurricane season. Patrick Gonnelli, president of Carvill Capital Markets, said contracts are listed on the CME, allowing any …
WKF&C Agency Inc. has added a new, nonadmitted insurance market rated “A-,” VIII by A.M. Best for package programs in Washington, Oregon and Alaska. Eligible classes include apartment buildings, habitational condominiums, co-op apartments, mercantile, office buildings and mixed habitational and …
