Terrorism News

Reinsurers adopt ‘wait and see’ posture at Rendezvous

For the first time in two years the high and mighty from the reinsurance world gathered for their annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina last year). …

A year past Katrina: What has been learned?

Peak hurricane season has arrived. Despite this season’s slow start, people who live along the coast are constantly aware that the next big storm could take shape at any time. This year, however, everyone is also looking back at one …

Reinsurers adopt ‘wait and see’ posture at Rendezvous

News Currents For the first time in two years the high and mighty from the reinsurance world gathered for their annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina …

Commentary: Newton’s Third Law

Sir Isaac Newton’s third law of motion — “For every action, there is an equal and opposite reaction” — wouldn’t appear to have much to do with the insurance industry. If the Street thinks about it at all, it’s probably …

7 of 10 WTC rescuers suffer lung problems

Nearly seven out of every 10 World Trade Center responders suffered lung problems during or after their work at ground zero, and high rates of lung “abnormalities” continued years after the 2001 terrorist attacks, according to a new health study …

Federal Deadline to Make IDs More Secure Not Possible, Study Says

States cannot possibly meet a May 2008 federal deadline for making driver’s licenses more secure – or afford costs that could mount to more than $11 billion over five years, according to a survey of state motor vehicle administrators released …

Insurers Have Work to Do on Own Business Continuity Plans

Insurance carriers recognize the need for having a business continuity plan in place, according to a survey recently conducted by IVANS, however, much work still needs to be done in the area of disaster recovery to be completely prepared. According …

Greater N.Y. Mutual Chairman Heck Honored for Service

Warren Heck, chairman and chief executive officer of Greater New York Mutual Insurance Company, New York, N.Y., is the 2006 recipient of the NAMIC’s Chairman’s Award from the National Association of Mutual Insurance Companies. The award was created to recognize …

Hiscox USA Launches Terrorism Insurance Coverage

Armonk, N.Y.-based Hiscox USA, the U.S. subsidiary of Hiscox plc, will begin providing terrorism insurance in the United States. “Hiscox has over 25 years of experience in terrorism insurance and we are a global leader in this area,” said Hiscox …

Reinsurers Adopt ‘Wait and See’ Posture at Rendezvous

For the first time in two years the high and mighty from the reinsurance world have gathered for the annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina last …