Reacting to the recent spate of major natural catastrophes, insurers are being more selective in the capital they deploy and have in some cases withdrawn from catastrophe affected regions and loss-making sectors of business, according to leading insurance broker Marsh. …
A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in the United States and earthquakes in Japan and New Zealand. The biggest reinsurers, companies like Munich Re and Swiss Re …
Florida began its sometimes annual hurricane exercise Monday after skipping the practice storm last year because officials were busy with a real emergency — the Gulf of Mexico oil spill. The hurricane taking aim at Florida is fictional, but it’s …
One major factor in whether the Atlantic Ocean will experience an active 2011 hurricane season is fluctuating thousands of miles away in the Pacific. The La Nina weather phenomenon, which is linked to above average hurricane seasons in the Atlantic, …
U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away those estimates. That could add …
The U.S. property/casualty industry generated improved operating results in the third quarter despite competitive market conditions, elevated catastrophe losses, the economic downturn and historically low investment yields. The industry’s net income improved to $29.9 billion for the nine months ended …
The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of BP’s Macondo well while …
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 …
In its latest monthly assessment of the world’s catastrophes for November Aon Benfield highlights the first winter weather event of the season across Europe with “notable affects.” the report, published by the company’s Impact Forecasting team, who evaluate global natural …
Drunk Driving Suit “It’s crazy that they have the ability to do this behind bars. Inmates have too many rights. They’re the ones who committed the crimes, not us. And we’re the ones who suffer more.” —Joanne Kenney, a Connecticut …
