Tropical Storm Gustav shifted course slightly on Thursday morning and moved toward the Jamaica, and forecasters predicted it would be a powerful hurricane by the time it reaches the Gulf of Mexico. “The re-formation of the center has caused a …
Oil companies ramped up preparations to evacuate some facilities as Hurricane Gustav made its way toward the U.S. Gulf of Mexico, becoming a potential threat to the region’s extensive oil and natural gas production. Oil prices spiked briefly Tuesday and …
With hurricane season halfway over for 2008, Louisiana has so far dodged the bullet but Texas has taken on two warning shots with Hurricane Dolly and Tropical Storm Edouard. As hurricanes and tropical storms go, neither packed a lot of …
Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 states, according to a new study released yesterday. The federal legislation would …
The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking solutions that will help them …
The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. The savvy wholesale broker keeps tabs on which surplus lines insurers have the appropriate capacity for In the midst of hurricane season, …
From Novelty to Necessity: Bermuda’s Insurance Market 2008 Bermuda’s insurance industry has grown steadily since it began 50 years ago. It is now a mature market, and, in certain sectors – natural catastrophes, crop insurance and medical malpractice – it …
The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking solutions that will help them …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Bermuda-based insurer International General Insurance Co. Ltd. (IGI) to ‘BBB+’ from ‘BBB’ and assigned them a stable outlook. S&P said the upgrade reflects …
In a report issued Aug. 17, ReAdvisory, a modeling and risk assessment service of reinsurer Carvill America Inc., said Tropical Storm Fay became the sixth named storm of the 2008 hurricane season early on the evening of Aug. 15. Fay …
