Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out — to design coverage targeting a specific …
The ACE Group of Companies announced that the ACE Foundation – International has made a $1 million contribution to the Red Cross Society of China to support emergency relief efforts following the earthquake that struck China’s Sichuan Province. ACE joins …
The Chubb Corp. said it has established a $1 million fund for disaster relief efforts related to the Myanmar cyclone and China earthquake. Chubb said it would contribute $500,000 directly to the American Red Cross for relief efforts connected to …
Harleysville Insurance has introduced its first product under its new StarAdvantage banner. The new Businessowners Program (BOP) is for smaller, property-driven risks in hundreds of business classes. Market segments targeted for this new offering include habitational, mercantile, office, service/processing and …
City leaders in Johnston, Iowa have decided against earthquake insurance in the wake of two tremors this spring in Illinois and Missouri. The City Council on Tuesday, May 20th rejected spending $4,000 a year for an earthquake policy with a …
The U.S. Geological Survey (USGS) and the California Geological Survey (CGS) have jointly published a report detailing a hypothetical scenario the impact a 7.8 magnitude earthquake — similar to the recent earthquake in China — would have in the Southern …
Missouri emergency management officials say they’re better prepared for a major earthquake, thanks in part to last month’s 5.2 quake in southern Illinois. Susie Stonner of the State Emergency Management Agency says the state response to the April 18th temblor …
China’s government says companies suffered 67 billion yuan (US$9.5 billion; €7 billion) in direct losses from last week’s earthquake. The announcement by a deputy industry minister, Xi Guohua, came during a news conference Monday. The May 12 quake in central …
Dozens of minor earthquakes shook Reno, Nev., on April 27 as a sequence of temblors entered its third month and prompted some frazzled residents to leave their homes. Officials recorded more than 150 aftershocks on the western edge of the …
American International Group announced a $1 million (approximately 7 million RMB) donation to support relief and rebuilding efforts following the recent 7.9-magnitude earthquake that struck China’s Sichuan Province (See IJ web site https://www.insurancejournal.com/news/international/2008/05/12/89907.htm and following articles). AIG also announced that …
