The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been honored as the “Re/Insurance Initiative of the Year” at the 2008 Review Worldwide Reinsurance Awards. It’s the first such recognition for the 16-month old facility. A CCRIF bulletin described the ward …
An earthquake has shaken the area around Swedes Place in northern Nevada. The U.S. Geological Survey’s preliminary report put the quake at a 4.1-magnitude. The temblor hit just before 4:30 a.m. Saturday, Sept. 6, 2008. There were no immediate reports …
The Republican National Committee pledged its support to improve federal natural disaster insurance as part of its platform. The GOP’s support of federal disaster insurance reform follows the Democratic National Committee’s platform call to develop a National Catastrophic Insurance Fund …
Gustav may not wallop the property/casualty insurance industry the way Katrina did but there is still concern in insurance and reinsurance circles over the continued pile-up of catastrophe losses. Standard & Poor’s Ratings Services notes that early reports indicate that …
Agents Liable for Failing to Obtain Promised or Reasonably Anticipated Coverage Absent any express representations of coverage by the agent or broker, when the insured accepts a policy without objection, the general rule is that a duty is placed upon …
From cracked oil and natural gas pipelines to contaminated public water supplies, the nation’s economy could be the biggest casualty of the next major Midwest earthquake, an earthquake expert warned. Geologic engineering professor Dave Rogers of Missouri University of Science …
84,000 The Arkansas Department of Health says the state had 84,000 fewer smokers in 2007 than five years earlier. Officials say that since 2002, the percentage of adults who smoked dropped from 26.3 percent to 22.4 percent, according to an …
Liability for Failing to Obtain Promised or Reasonably Anticipated Coverage Author’s note: This is part II in a series on broker liability. Part I appeared in the Aug. 4, 2008, issue. Absent any express representations of coverage by the agent …
Faced with hundreds of big, hard-to-control blazes, California is struggling with what could be its most expensive firefighting season ever, burning through $285 million in the past two months alone and up to $13 million a day. With the worst …
Sorn Harn and Horst Lechler have formed Harn & Lechler Insurance Services LLC, a wholesale insurance brokerage specializing in placing tough and difficult casualty and property risks with admitted and nonadmitted insurance carriers. The company will have offices in Castro …
