Standard & Poor’s Ratings Services has lowered its rating on Mariah Re Ltd.’s Series 2010-1 notes to ‘CCC+(sf)’ from ‘B(sf)’. S&P has also revised the CreditWatch status of the rating on the notes to developing from negative. “We placed the …
The upgrade of one of the April 27 tornadoes to an EF5 ranking puts Alabama at No. 1 in the nation for the most severe tornadoes. The tornado that hit Fyffe, Rainsville and Sylvania in DeKalb County at about 6 …
Insured severe weather losses have already topped $15.5 billion in the United States this year, three times the full-year average of the last 20 years, insurance brokerage Aon Corp. said Wednesday. Almost all of that comes from the outbreak of …
Zurich Financial Services Group said it currently estimates aggregate claims of approximately $295 million for both Zurich North America and Farmers Re relating to the series of severe weather-related events that hit the U.S. in April and May of this …
Anyone with a suggestion or complaint about Alabama’s recovery from the deadly tornadoes in April should know that the buck stops with the governor. Gov. Robert Bentley said he’s not looking to the Federal Emergency Management Agency or anyone else …
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it lost $2 billion in April and May from severe tornadoes and thunderstorms, nearly equaling its catastrophe losses for all of 2010. The devastating two-month period, taken as …
An Oklahoma construction contractor has been charged with taking payments to repair roofs damaged by recent tornadoes and strong storms, then failing to perform the work. Six felony counts of violating the Oklahoma Consumer Protection Act were filed Monday in …
A meteorologist with the federal government’s Storm Prediction Center said on May 31 that Oklahoma has seen a greater than average number of tornadoes so far in 2011. Preliminary data from the agency show 63 reports of tornadoes in Oklahoma …
Storm science has greatly improved tornado warnings in recent years. But if that’s led anyone into a sense of security, that feeling has taken a beating in recent weeks. Super Outbreak 2011, on April 25-28, killed more than 300 people …
Rescue and recovery work in Joplin, Missouri was shadowed by uncertainty as crews still hoping to find survivors combed areas that had already been searched several times and engineers entered the battered Joplin hospital where the tornado killed five to …
