Guy Carpenter's Instrat unit, which provides updates on major catastrophes that are likely to incur a significant loss to the insurance industry, said that at least 20 people were killed and a number
Investments made in claims technology to speed and support processing have revealed an added payback--the hidden benefit of helping insurers obtain a better view of the myriad risks they face in today'
To paraphrase Clairee, as played by Olympia Dukakis in the movie Steel Magnolias, "It's love -- and our ability to accessorize -- that separates us from the animals."
The Boston-based catastrophe modeling firm said that a survey team dispatched to areas affected by the storm found that damage levels to individual properties in Germany were generally low, but the fr
The National Highway Traffic Safety Administration revealed that 80 percent of all auto crashes in the U.S. are attributed to DWD (Driving While Distracted). These distractions include applying
Columbus, Ohio-based insurer Nationwide Mutual Insurance, which commissioned the study, cited statistics from the National Highway Traffic Safety Administration that 80 percent of auto accidents in th
"What was most notable about this event was its unusually large foot print," he continued. "The path of damaging winds extends north to south from Scotland to Switzerland and east to west from France
The reality of climate change can no longer be ignored by U.S. policymakers, according to the chairman of Lloyd's of London, who warned that coordinated action needs to be taken by government and
The 2006 hurricane season let coastal regions of the United States off relatively lightly. Forecasters, however, continue to predict historically active seasons for the near-term, and--while they may
Mr. Prindle said there has been "a lot of residential damage to roofs--tiles being blown off, and also being struck by debris; lots of trees down on power lines; and for commercial, too, some roofs off