AIR Worldwide has given preliminary estimates that insured losses from Hurricane Earl’s passage near the northern Leeward Islands earlier this week are between $50 million and $150 million. AIR said the “estimate includes wind damage to insured onshore properties in …
As Hurricane Earl prepares to approach North Carolina tonight, the Federal Emergency Management Agency (FEMA) says it is preparing for the storm and supporting state and local officials along the East Coast as they work to protect their communities. FEMA …
Visitors and some residents evacuated from low-lying vacation islands off the North Carolina coast Wednesday as Hurricane Earl bore down on the U.S. eastern seaboard, churning up dangerous swells. Earl, still a major Category 3 hurricane, weakened slightly overnight but …
Hurricane Earl, now a Category 4 storm, moved away from Puerto Rico and the Virgin Islands this morning, continuing on a track that could bring it close to the East Coast later this week, possibly Thursday. The National Hurricane Center …
Hurricane Earl has strengthened into a major Category 3 storm Monday and could arrive off the East Coast of the U.S. by the end of this week. It is currently rocking the Caribbean’s Northern Leeward Islands. The National Hurricane Center …
Hurricane Danielle has recovered some strength, and is once again a “category two hurricane on the Saffir-Simpson hurricane wind scale,” according to the most recent bulletin from the National Hurricane Center in Miami at 11:00 a.m. AST. The storm is …
The Oklahoma Department of Insurance announced it is expanding its use of the Web-based State Based Systems (SBS) to improve back-office processing of insurance regulation. SBS is a solid, web-based solution that supports all aspects of insurance regulation via a …
The National Hurricane Center in Miami is currently tracking a “vigorous tropical wave located over Puerto Rico and the Virgin Islands.” So far the disturbance has produced only “widespread cloudiness and thunderstorms across the northern Leeward Islands, the Virgin Islands, …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. Best explained that the ratings reflect the “enhancement received from the implicit support …
Navigators Insurance Co. and Victor O. Schinnerer & Co., Inc. have launched a non-profit D&O program. Schinnerer will act as program administrator for Navigators. The admitted filing of this countrywide program is currently under way and 44 states, the District …
