High wind and heavy surf hit parts of the Northeast U.S. coast as the remnants of Hurricane Noel blustered northeastward across the open Atlantic. The wind and rain caused some coastal flooding, brought down tree limbs and knocked out power …
Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the nation’s capital took up the issue again …
Standard & Poor’s Ratings Services has published “Cycle Downturn Doesn’t Have To Mean Plummeting Profits For Savvy Reinsurers.” The study examines the situation after 2006, which is seen as the “peak underwriting year in the current reinsurance cycle.” S&P has …
Guy Carpenter & Company, LLC, Marsh & McLennan’s global risk and reinsurance unit, has announced a collaboration with WSI Corporation, a provider of weather-driven business solutions, to “help cedants better assess the impact and potential loss damage of hurricane activity …
While Congress continues to debate whether to launch any sort of national disaster backup plan or add wind coverage to the federal flood program, states are coming up with some of their own ideas — big and small — to …
72 By mid-October, Oklahoma had seen 72 fewer traffic deaths so far in 2007 than it did during the same period in 2006. The Oklahoma Department of Public Safety reported 517 deaths on the state’s roadways this year, compared to …
$68.6 million The amount of the dividend that malpractice insurer Medical Mutual Liability Insurance Society of Maryland should return to the state, instead of the $32.5 million it has proposed as part of its exit from a subsidy program designed …
While Congress continues to debate whether to launch any sort of national disaster backup plan or add wind coverage to the federal flood program, states are coming up with some of their own ideas — big and small — to …
$1.4 billion The amount sought in a suit accusing Allstate Insurance Co. of using delay tactics and schemes to prod soft-tissue injury victims into accepting lower offers for pain and suffering. A jury in Lexington, Ky., rejected the claim of …
The Federal Emergency Management Agency is quietly drawing up plans for a handful of disasters: devastating earthquakes beneath San Francisco and St. Louis and catastrophic storms in South Florida and Hawaii, FEMA’s chief said recently. In a departure from its …
