The remains of Tropical Storm Nicole battered the U.S. Atlantic Coast like a hurricane as it moved from the Carolinas to New England on Friday. Nicole was a minimal tropical storm for just six hours Wednesday, but the broad, ragged …
A bulletin from Munich Re underlines the “exceptionally high” incidence of “weather-related natural catastrophe losses in the first nine months of 2010,” both in “number and scale.” The floods in central Europe, wildfires in Russia and widespread flooding in Pakistan …
Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has expanded its Abacus Online Builder’s Risk program. With the addition of an “A” rated, size XV–admitted carrier, the program is now available …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Tunisia’s BEST RE, both with stable outlooks.The ratings of BEST RE reflect its “significant importance to its …
According to catastrophe modeling firm AIR Worldwide, Hurricane Karl, which made its second landfall in Mexico last Friday as a Category 3 storm on the Saffir-Simpson Wind Scale, has caused several rivers and canals to overflow, inundating large portions of …
The House of Representatives joined the Senate yesterday in approving a one-year reauthorization of the nation’s flood insurance program. The measure, S. 3814, will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. The measure now goes to …
Since 2008, many homes and businesses in the United States have been rezoned on Federal Emergency Management Administration flood hazard maps from low-to-moderate flood risk areas into higher risk areas, and vice versa. Because of their reassignment into a zone …
Congress is on track to temporarily extend within days a troubled program that insures millions of U.S. homes and businesses against floods, with another push for a broad overhaul looking likely next year. The Senate on Tuesday approved an extension …
School districts affected by extensive property damage caused by Hurricane Ike in 2008 have seen their insurance premiums skyrocket and want the state to help pay for it. District officials in Galveston County have had discussions with state Reps. Craig …
The U.S. Senate last night passed by unanimous consent a measure extending the National Flood Insurance Program for one year until Sept. 30, 2011. The Senate one-year reauthorization must now pass the House of Representatives, which in July passed a …
