A devastating $1 million blaze has razed seven businesses in a California foothill hamlet that depends on tourists headed for nearby Yosemite National Park. The weekend fire burned the estimated 9,000-square-foot building to the ground, destroying a major part of …
Authorities say a fire that killed half a million chickens at an egg farm near Roggen was an accident. The Greeley Tribune reports the Weld County Sheriff’s Office determined the April 30 fire was accidental, but investigations by the Boulder …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has released its latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during April. Published by Impact Forecasting, the firm’s …
Willis Energy, a unit of Willis Group Holdings, released its “Energy Market Review” at conference held at its London headquarters last Tuesday. The review focused on industry losses, current capacity and the current controversy over the extraction of shale gas …
A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 958, which is managed by Omega Underwriting Agents Limited. The outlook for both …
Loss estimates from the widespread tornado, high wind and hail storm activity in the Dallas-Arlington-Fort Worth area on April 3 are approaching $300 million, said one insurance industry spokesperson. That number is expected to increase as adjusters continue to reach …
An analysis from London-based TT Club, which provides insurance and related risk management services for the international transport and logistics industry, has revealed human error to be the main cause of supply chain claims. TT Club said its research is …
PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has updated its Europe Industry Exposure Database with revised “market-wide property sums insured for European windstorm for Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Sweden, Switzerland …
At first glance that statement may seem a little strange, considering that Lloyd’s reported an overall loss for the year of £516 million ($822 million). But considering that overall insured losses for the year from natural catastrophes were between $107 …
A future on Earth of more extreme weather and rising seas will require better planning for natural disasters to save lives and limit deepening economic losses, the United Nations said on Wednesday in a major report on the effects of …
