At least 9 persons were reported to have died on the Caribbean Island of Grenada, following a direct hit from Hurricane Ivan. A report from the BBC, delayed because of damage to communications facilities, said that 90 percent of the …
Hurricane Ivan continued its destructive path through the Southeastern Caribbean yesterday, pummeling Grenada, Barbados and Tobago with 120 mph (195km/hr) winds before moving back over open water. No deaths have so far been reported, but property damage has been severe …
Retired police officers Ed and Nancy McCue are thinking about leaving their dream home near the shores of Biscayne Bay because it’s in a prime area for hurricanes. It’s not the storm threat itself that’s pushing them out, but soaring …
Swiss Re announced that based on preliminary market estimates, it expects its claims related to Hurricane Charley to be below $200 million before tax. It added that “at this level of claims, Charley would not alter Swiss Re’s positive outlook …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has updated its forecast and loss estimates (See National news) for Hurricane Charley to reflect changes in the storm’s behavior on Friday. The storm …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, on Thursday warned that insured losses in the U.S. could exceed $10 billion if Hurricane Charley follows the track and severity estimates published by …
The latest advisory bulletin from the National Hurricane Center in Miami reports that Tropical Storm Charley is continuing rapidly west-northwestward toward Jamaica and that a tropical storm warning and a hurricane watch remain in effect for the island. The NHC …
Retired police officers Ed and Nancy McCue are thinking about leaving their dream home near the shores of Biscayne Bay because it’s in a prime area for hurricanes. It’s not the storm threat itself that’s pushing them out, but soaring …
A.M. Best Co. announced that it has assigned an initial financial strength rating of “B++” (Very Good) to Jamaica International Insurance Company Limited (JIIC) of Kingston, Jamaica, with a stable outlook. “The rating is based on JIIC’s strong capitalization, excellent …
A.M. Best Co. has initiated country risk coverage for Jamaica and assigned it a country risk ranking of Tier III. The result of A.M. Best’s country risk evaluation allows each country to be classified into one of five tiers, ranging …
