Floods News

Business Moves

Ryan Specialty Group, Oakbridge R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC, acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively on executive and professional liability exposures and insurance solutions. Terms were not …

Aon Benfield Releases Annual Cat Report; Insured Losses at $38 Billion

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has released its Annual Global Climate and Catastrophe Report, which reviews the natural disaster perils that occurred worldwide during 2010. The survey is published by Impact Forecasting, Aon …

Droughts, Floods, Snow and Cold Hit Global Commodities

Droughts and deluges in Australia, snow in Europe and cold snaps in the United States are pushing up prices of a range of commodities from sugar to heating oil and soybeans. Australia typically ranks as second in the league of …

AAU Expands Personal Lines Division in Louisiana

Allied American Underwriters (AAU), a national program manager and subsidiary of USG Holding/USG Insurance Services, introduced Richard Jenkins as director of Personal Lines. AAU Personal Lines will be based in Mandeville, La. Jenkins developed his career in the insurance industry …

An Analysis on Climate Talks: 18 Years, too Little Action?

“I was born in 1992. You have been negotiating all my life. You cannot tell us that you need more time,” Christina Ora of the Solomon Islands complained to delegates at U.N. talks on fixing global warming. Her line from …

Coalition Calls for $60M for Iowa Flood Prevention

A coalition of lawmakers, local officials, farmers and business people are calling on Iowa to invest $60 million to prevent flood damage and improve water quality in Iowa’s Cedar River Basin. The Cedar River Watershed Coalition released a list of …

Calif. Assemblyman Villines to Serve on Flood Protection Board

Calif. Governor Arnold Schwarzenegger has appointed former Assembly minority leader Michael Villines to the Central Valley Flood Protection Board Villines lost a bid for state insurance commissioner last month. The new post pays $40,669 annually. The position requires confirmation by …

Liberty International Underwriters Launches E&S Property Product

Liberty International Underwriters U.S. (LIU) has launched an Excess and Surplus Lines (E&S) Property product. This product provides wholesale brokers with a new market for their clients’ commercial property business and targets their mid- and large-sized property portfolio risks with …

Petersen International Develops Company Protection for Catastrophic Loss

Petersen International Underwriters has launched a new type of insurance known as Corporate Accumulation Death and Disability Insurance. This insurance protects firms that may have a sizeable accumulation of employees or principals in one location from the concerns of a …

UN Secretary General Urges Climate Agreement ‘Short of Perfect Deal’

Saying the health of the planet is at stake, U.N. Secretary-General Ban Ki-moon urged 190 nations meeting in Mexico on Tuesday to agree to steps to fight climate change that fall short of a perfect deal. “We cannot let the …