A bulletin from Munich Re underlines the “exceptionally high” incidence of “weather-related natural catastrophe losses in the first nine months of 2010,” both in “number and scale.” The floods in central Europe, wildfires in Russia and widespread flooding in Pakistan …
Axis International Loss Adjusters and Surveyors has announced the appointment of Nicolas Lazarus as a Senior Insurance and Reinsurance Loss Adjuster. He “will provide adjusting services to local insurers, Lloyd’s and international Insurers and Reinsurers,” said the bulletin. He will …
Alabama expects to receive billions of dollars in penalties from BP Plc in the wake of the oil spill in the Gulf of Mexico, a state commission said Monday. BP and the White House will probably soon reach an agreement …
The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in prices. Lloyd’s, which traces its origins …
BP’s lead investigator into the Gulf of Mexico oil spill told an independent panel of experts recently that the company’s internal probe had limitations. Mark Bly, head of safety and operations for BP PLC, said a lack of physical evidence …
Californians might have more reason to retrofit their homes to better withstand a major earthquake, thanks to a recently adopted building code for retrofitting existing structures. The standard, approved in August by the state Building Standards Commission is the first …
Tropical Storm Matthew formed over the western Caribbean Thursday and was expected to hit Central America as early as Friday, the U.S. National Hurricane Center said. The storm, which had maximum sustained winds of 45 mph [72 kph], could disrupt …
According to catastrophe modeling firm AIR Worldwide, Hurricane Karl, which made its second landfall in Mexico last Friday as a Category 3 storm on the Saffir-Simpson Wind Scale, has caused several rivers and canals to overflow, inundating large portions of …
The Atlantic region can expect one more major hurricane this autumn and the northeast U.S. coast still faces double the average risk of getting hit, Weather Services International (WSI) said Tuesday. The Massachusetts-based private forecaster predicted the six-month Atlantic-Caribbean storm …
Hurricane Igor barreled north Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no casualties. The Canadian Hurricane Center issued …
