ACE USA, the U.S.-based retail operations of the ACE Group, has released an updated marine open cargo policy that consolidates multiple coverage components into one form. The updated marine open cargo policy incorporates several coverage endorsements in a single form, …
Aon Benfield, Aon’s global reinsurance intermediary and capital advisor, has launched a new flood model for Switzerland and Lichtenstein to quantify financial losses caused by riverine and lake flooding. “Flooding in Switzerland over the last two decades has caused human …
Marsh has issued a report, which highlights the rising gap between insurance coverage amounts and the actual costs that may be incurred in rebuilding and repairing after a loss due to rising commodity prices. “Commodity price volatility and the rising …
Catastrophe risk modeler Eqecat has scheduled July 15 as the date to release three significant revisions to its Worldcatenterprise 3.16 platform. The updates cover Eqecat’s North Atlantic hurricane model, its Canada earthquake model and its Asia typhoon model. These updates …
Catastrophe modeling firm EQECAT has updated its market loss estimate of $12-$25 billion, issued on March 16, for the March 11 M9 Tohoku Earthquake. EQECAT said that, based on the latest information available, it is “updating its estimate to $22-$39 …
Standard & Poor’s Ratings Services has published its updated methodology for assessing insurers’ economic capital models on Jan. 24, 2011. S&P said the announced criteria “apply to all the life and health insurers, property and casualty insurers (frequently called non-life …
