One risk modeling firm estimates that insured losses to onshore properties in the U.S. are between $2 billion and $4.5 billion, with an expected loss of $3 billion due to Hurricane Gustav. According to AIR Worldwide Corporation these loss estimates …
Hurricane Gustav, which came ashore southwest of New Orleans on Monday morning, is expected to trigger significant insurance claims but far less than record-setting Katrina did three years ago. “This is a significant, catastrophic event, but insurers anticipate these, and …
Gustav may not wallop the property/casualty insurance industry the way Katrina did but there is still concern in insurance and reinsurance circles over the continued pile-up of catastrophe losses. Standard & Poor’s Ratings Services notes that early reports indicate that …
The good news is that Hurricane Gustav has been downgraded to a Tropical Depression as it moves slowly across northwest Louisiana. The bad news is that Tropical Storms Hanna, Ike and Josephine are gaining speed, according to the National Hurricane …
20-17 The losing score for the Atlanta Falcons in the team’s Aug. 9 preseason opener against Jacksonville, a game that was started by quarterback Chris Redman, who used to sell property casualty insurance. Redman worked as an insurance agent at …
Taking the 5th “Has it been your custom and habit in prosecuting litigation to have Senator Lott contact and encourage witnesses to give false information?” —State Farm Fire & Casualty Cos. attorney Jim Robie cross-examining Zach Scruggs, son and law …
Swiss Re appointed Walter A. Bell chairman of Swiss Re America Holding Corp. Bell, whose appointment with Swiss Re is effective Sept. 2, is currently insurance commissioner of the Alabama Department of Insurance, a position he has held since 2003. …
Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi. Credo will establish and manage a Baton Rouge-based office, which will be …
EPIC Expanding its Southern California operations, Edgewood Partners Insurance Center (EPIC), a property and casualty and employee benefits insurance brokerage firm, opened an office in Los Angeles. Chris McTigue was appointed managing principal. Ray Skarzenski was appointed principal of operations …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Commercial Property Market Detail: RISC brings to market a commercial property program designed for a …
