Tsunamis from an 8.0 magnitude earthquake striking the Samoan islands killed 100 people and did significant property and casualty damage to villages and resorts, a catastrophe modeling firm said.
Leadership of the Senate Finance Committee said members are making "progress" drafting bipartisan healthcare reform legislation that the insurance industry can support, but it won't be anytime soon.
Leadership of the Senate Finance Committee said members are making "progress" drafting bipartisan health care reform legislation that the insurance industry can support, but it won't be anytime soon.
Munich Re is among 12 companies that have signed a Memorandum of Understanding (MoU) to look into developing carbon-free power generation in North Africa that would meet around 15 percent of Europe's electricity requirements.
The struggling economy will spur mergers and crimp insurer profits in the short term, but not far down the road there will be opportunities to achieve greater efficiency and profits, according to the head of LOMA, Robert Kerzner.
The development and widening adoption of communication standards have promoted efficiency and improved the insurance industry's bottom line, said ACORD President and CEO Gregory A. Maciag.
The worldwide economic collapse has every industry reeling, and insurance is no exception. Here in Florida, agencies large and small are making adjustments. Because of decreasing premiums and