XL Hit with $183M Reserve Increase: Bermuda’s XL Capital Ltd. announced that its second quarter results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191 million pre-tax-$183 million after tax, or …
XL Hit with $183M Reserve Increase: Bermuda’s XL Capital Ltd. announced that its second quarter results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191 million pre-tax–$183 million after tax, or …
Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in terrorism coverage around the world. Nearly …
The Federation of European Risk Management Associations (FERMA) has been taking an increasingly active role in supporting the efforts of the European Commission to expand the use of risk management techniques in the European Union and other countries. FERMA’s Executive …
Citing the protection of Oklahoma lakes and streams, drinking water and public health, Oklahoma Attorney General Drew Edmondson announced his office has filed a lawsuit against several out-of-state poultry companies for polluting the waters of the state. The complaint alleges …
Voters in the Netherlands have overwhelmingly rejected the proposed EU Constitution. Nearly 62 percent of them (participation was around 62.8 percent of eligible voters) expressed their disapproval of the lengthy document. The Dutch rejection comes four days after French voters …
Seventy percent of the eligible voters in France expressed their opinion on Sunday, May 29 – a turnout not seen in any recent election. Fifty-five percent of them voted a resounding ‘NO’ to the proposed European Union Constitution – an …
World leaders and ordinary citizens paused over the weekend to commemorate three tragic events that marked the 20th century. While they now seem remote in time, and have little direct connection with the insurance industry, they form a part of …
An insurance fraud scheme that continued for 10 years and left a trail 60 arsons across southern West Virginia, including burned mobile homes, buildings and automobiles, has netted a Logan County, W.Va. woman 15 years in prison and her husband …
Dublin-based Research and Markets has announced the addition of Catastrophe Risk and Reinsurance: A Country Risk Management Perspective to their offering. See: http://www.researchandmarkets.com/reports/c14308. The report includes “the latest invaluable insights into catastrophe reinsurance, Catastrophe Risk and Reinsurance provides a wealth …
