Lloyd’s of London reported its interim (6 months to June 30) results today, which could best be described as mixed. Although Lloyd’s posted an overall pretax profit of £628 million [$922 million], this was less than half the amount, £1.322 …
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 …
The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in prices. Lloyd’s, which traces its origins …
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 …
Hurricane Igor barreled north Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no casualties. The Canadian Hurricane Center issued …
The Atlantic hurricane season is in full swing as it continues to produce named storm after named storm. The latest in the parade, which has been forming almost constantly off of the Cape Verde Islands over the last 6 weeks, …
Willis Group Holdings announced that its research network partner (WRN – www.willisresearchnetwork.com), a collaboration between academia, industry and government, “is marshalling the expertise of its international membership base to assess the physical, strategic, operational, and financial risks posed by extreme …
The National Flood Insurance Program (NFIP) is set to expire on Sept. 30, just as the 2010 Atlantic Hurricane Season reaches its height. The House has already passed an extension, while a Senate panel is slated to hear a bill …
Hurricane Karl bore down on Mexico’s central Gulf Coast on Friday, threatening to cause flash floods and mudslides, but it appeared to have spared Mexican offshore oil operations from major damage. Karl, which was projected to produce a storm surge …
Hurricane Karl formed in the southern Gulf of Mexico Thursday and gained strength as it headed across Mexico’s offshore oil patch. No damage was reported at Mexican oil drilling platforms and state-run oil giant Pemex has not curtailed operations, but …
