May 20, 2011
The 2011 Atlantic hurricane season will be “above normal”, spawning six to 10 hurricanes of which around half could become major, the U.S. government’s weather agency forecast Thursday. However, as the 2010 season showed – it was very active but …
April 27, 2011
Weather Service International [WSI] forecasters predicted an active 2011 Atlantic hurricane season Tuesday, with 15 named storms, eight of which are expected to become hurricanes. Of these, four are expected to develop into major hurricanes of Category 3 or higher …
April 18, 2011
Standard & Poor’s Ratings Services has placed its ratings on 17 natural peril catastrophe bonds (listed below) on CreditWatch with negative implications. S&P explained that it took the action following “Risk Management Solutions Inc.’s (RMS) release of its RiskLink V11 …
April 7, 2011
The 2011 Atlantic hurricane season will be above average with nine hurricanes, five of them major, with a more than 70 percent chance that at least one of them will hit the U.S. coastline, Colorado State University forecasters predicted Wednesday. …
April 6, 2011
The first part of this article appeared on the IJ’s web site on April 5. PRICE PRESSURE Earthquakes may not be linked to each other, but they are linked to the financial markets, as anyone who has invested in insurers …
April 5, 2011
Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. Korn is an insurance broker in earthquake-prone San Francisco. “We’re pretty busy,” he said of …
February 9, 2011
In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm. To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough to accommodate nine large …
January 7, 2011
The Mississippi House has failed to override a governor’s veto of legislation that would have placed a $20 million subsidy into a state wind pool insurance fund. The vote was 68-52 in favor of an override, but at least 80 …
January 6, 2011
The former director of aviation at New Orleans’ Louis Armstrong International Airport pleaded guilty to obstruction of justice for his role in a Hurricane Katrina insurance fraud case. Sean Hunter and his wife, Shauna Crowden Hunter, were charged in federal …
January 5, 2011
Swiss Re has obtained another $170 million in protection through the Successor X Ltd. catastrophe bond program, covering Australia earthquake, North Atlantic hurricane and California earthquake risks. “The combination of Australia earthquake risk with US peak natural catastrophe risks is …