During a week that had an abundance of news stories directly impacting property and casualty insurers, NU’s editors had a choice to make regarding what to feature on the cover of this edition.
Insurance-industry experts are cautioning that the death of Osama bin Laden does not represent the end of the terrorism threat for the United States. The threat, in fact, may worsen if terrorists seek to execute a reprisal attack.
The death of Osama bin Laden will have no immediate impact on the terrorism insurance market, but any reprisal could change all of that quickly, a broker says.
The death of Osama bin Laden will have no immediate impact on the terrorism insurance market, but any reprisal could change all of that quickly, a broker says.
The death of Osama bin Laden is good news to insurers—and to the U.S.—due to the manner in which operatives cornered the Al Qaeda leader, but by no means should it promote a dropping of the guard in the industry, says Gordon Woo, a catastrophist with Risk Management Solutions.
AmWINS Group Inc. Insurer(s): Various markets. Coverages available: General liability, auto liability, wrongful acts/public officials E&O, excess liability,…
Flagstone Reinsurance Holdings puts its losses related to the Tohoku earthquake in Japan in the range of $80 million to $130 million net of reinstatement premiums and retrocession.
With reduced collateral requirements, Florida has opened the door for companies to enter the reinsurance market and provide greatly needed relief to domestic insurers.