With tales of survival few and far between, health ministry officials in Indonesia have now said the death toll in that country from last Sunday’s killer earthquake and tsunamis has topped 94,000. With those recently released figures, officials now report …
As the scope of the disaster that struck 11 countries in the Indian Ocean continues to emerge, the world’s nations are beginning to gear up for what will undoubtedly be the largest collective relief effort ever mounted. The precise death …
Standard & Poor’s Ratings Services announced that it has assigned its “AA-” insurer financial strength rating to UK-based Tokio Marine Global Ltd. (TMG) with a stable outlook. “The rating on TMG is supported by a guarantee for insurance claims provided …
President George W. Bush told Asian leaders that the United States is committed to helping their countries following Sunday’s earthquake and killer tsunamis that have killed more than 60,000 people. The following is a transcript of a statement by President …
A.M. Best Co. announced that it has downgraded the financial strength rating to “A” (Excellent) from “A+” (Superior) of New York-based Sompo Japan Insurance Company of America (SJA), and has maintained a negative outlook on the rating. Best explained that …
According to preliminary estimates from Swiss Re’s forthcoming sigma report, more than 21,000 people around the world lost their lives as a result of natural and man-made catastrophes in 2004. Economic losses were around $105 billion worldwide, while property insurance …
The Mazda 3 is the best performer and the Kia Spectra is reportedly the worst in a recent series of frontal offset crash tests conducted by the Insurance Institute for Highway Safety. The Mazda 3 earned a good rating and …
Texans like to say everything is bigger in Texas, but economist Robert P. Hartwig came to Dallas to explain that big numbers alone aren’t worthy of celebration. The Texas insurance industry, for example, enjoys big premium volume but profits are …
This year’s annual report on the reinsurance industry is a bit later than usual. It seems that beginning in August the voyage was interrupted by some serious storms, and it was hard to catch up to the boat as it …
Rating agencies are a reality, and we have to live with them,” Martin Kauer, CFO, Converium AG. “Market share is the enemy of risk management,” Brian O’Hara, president and CEO, XL Capital. “The world is once again opening up,” Sandy …
