The terrorist attacks of Sept. 11, 2001, the tsunami of December 2004, Katrina, Rita, the October 2005 earthquake in Pakistan/India. What can we make of all these man-made and natural catastrophes? They are bigger than insurance; they are bigger than …
New York Attorney General Eliot Spitzer has made a name for himself exposing fraudulent and anti-competitive business practices in the securities, mutual fund and insurance industries. Now he is running for governor in New York and is given excellent odds …
Three new economists have joined the Insurance Information Institute, as part of the group’s effort to enhance its research and analytic capabilities. Dr. Marcellus W. Andrews, economist, will concentrate on property/casualty insurance, with a focus on auto and homeowners insurance …
American International Group Inc. (AIG) is donating $1 million to support relief efforts in the areas affected by the Oct. 8 earthquake in South Asia. In addition, AIG is encouraging its employees to help the earthquake victims by donating to …
Standard & Poor’s Rating Services announced that it has assigned its “BBB+” counterparty credit rating to IPC Holdings Ltd. and placed the rating on CreditWatch with negative implications. The action, S&P said in a later clarification, affects only IPC Holdings. …
Risk Management Solutions (RMS), Newark, Calif., has announced the launch of a Terrorism and Security Risk Manager online service, a new information source for insurers writing global terrorism risk. The service is provided in collaboration with Jane’s Information Group, an …
U.S. officials have retained three suspects in the terrorist threat to New York’s subway system, The New York Times reported. American intelligence and law enforcement officials are continuing to assess what New York officials interpreted as a serious threat and …
Hurricane Katrina is expected to result in $40 to $55 billion in private insurance payments, according to a new white paper developed by the Tillinghast and Reinsurance businesses of Towers Perrin. Hurricane Katrina: Analysis of the Impact on the Insurance …
Despite spending more time on risk management, board directors at global businesses are failing to identify and manage emerging risks effectively, according to a new research report published by Lloyd’s. Lloyd’s, working with the Economist Intelligence Unit, conducted a comprehensive …
In the wake of Hurricanes Katrina and Rita, leaders from the public and private sectors from throughout the nation will take part in the National Symposium on Terrorism Risk Insurance in the Cannon House Office Building on Oct. 7. Congress …
