The second strong hurricane of the season, Felix, is currently roiling the waters of the Southern Caribbean, as it passes over the Netherlands Antilles. The islands – Bonaire, Curaçao and Aruba are close to the South American mainland off the …
Fitch Ratings indicated that that it expects insured losses from Hurricane Dean, “despite having been a Category 5 storm,” to be manageable for the insurance industry. The preliminary estimates range from a low of $750 million to a high of …
Hurricane Dean will not trigger an insurance pool set up this year by Caribbean countries and the World Bank that provides emergency cash to islands in case of natural disaster, officials said this week. The hurricane, which killed at least …
EQECAT, Inc announced that preliminary estimates of cumulative insured losses from Hurricane Dean in two landfalls in Mexico would not “likely exceed $250 million.” EQECAT indicated that “overall, Hurricane Dean insured losses will likely be approximately $2 billion, based on …
AIR Worldwide’s provisional assessment of the losses in Mexico from Category 5 Hurricane Dean indicated that they are “unlikely to exceed $400 million.” AIR said its estimate “covers insured losses from wind and flood to property, contents, business interruption and …
A poll, conducted by Fitch Ratings, indicates that the banks and insurance companies it rates in the Latin America Region as to the extent they may hold direct or indirect exposure to U.S. subprime backed structured securities, found that “exposure …
Newark, Calif.-based Risk Management Solutions announced that it estimates losses from Hurricane Dean are likely to range between $750 million and $1.5 billion. RMS’ preliminary indications show around $300 million from damage to the Mexican coast, “with most of the …
AIR Worldwide has issued preliminary estimates indicating that insured losses in Jamaica from Hurricane Dean will not exceed $1.5 billion. The figure “covers insured losses to property, contents, business interruption and additional living expenses for onshore properties,” said the bulletin. …
Pennsylvania’s highest court last Friday suspended Superior Court Judge Michael T. Joyce, who was indicted earlier this week on federal charges of cheating two insurance companies out of $440,000. The state Supreme Court said it was suspending Joyce with pay …
Suspended Superior Court Judge Michael T. Joyce pleaded not guilty Monday to federal charges of mail fraud and money laundering, but abandoned his re-election campaign and said he plans to retire when his term expires in January. Joyce was suspended …
