A four-car subway train flew off the rails Monday July 3 in Valencia, Spain, killing 41 passengers and the driver, and leaving at least 45 people injured, 12 of them seriously. Excessive speed is the most likely cause of the …
Despite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing. “For the first time that I can remember we have a period where none of the sectors that we follow currently has …
Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of unfamiliar risks ahead and given …
The officers of two national insurance policymaking groups have announced they will collaborate to create a joint national catastrophe plan. State Senator Steven Geller, D-Hallandale Beach, and Florida Insurance Commissioner Kevin McCarty will present proposals to their respective organizations and …
A new era demands new approaches including a federal charter and a national plan for addressing disaster insurance issues As the most expensive natural disaster in U.S. history, Hurricane Katrina raised serious questions about the capacity of today’s insurance industry …
The virtual, global economy challenges, humbles insurance leaders Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are …
Blink blink “Someone’s going to have to blink soon.” Ted Kelly, chairman, president, and CEO , Liberty Mutual Group Inc., speaking about the industry’s pricing discipline in the face of diminishing capacity, especially in coastal areas. Down the road “Given …
Global broker and risk management specialist Marsh has announced a global restructuring, which will include combining its Asia and Pacific regions. “Through this move Marsh intends that its new Asia Pacific region will deliver significant growth potential, in the next …
There is no foolproof way to secure America’s seaports against terrorism, so the government should focus more time and money on plans to revive the economy in the aftermath of an attack, a report released Tuesday said. The recommendation by …
International P/C insurer and reinsurer Catlin Group Limited, has formed a crisis management underwriting team that will write product recall and kidnap and ransom (K&R) coverages, effective 1 July 2006. Catlin’s origins are in the U.K., but it is headquartered …
