Fine art insurers face claims of up to half a billion dollars, their biggest ever payout, to compensate the owners of artwork destroyed when Superstorm Sandy flooded galleries in New York.
One lesson coming out of Superstorm Sandy is that after an event is not the ideal time for companies to try to understand the extent of insurance coverage, says an executive with insurance broker Aon.
A high-profile law group has jumped into a fight against the alleged mislabeling of products by food manufacturersa move that has the insurance industry on its toes.
Vanliner expands its Forum Captive insurance Program, Hartford Steam Boiler creates data breach program, WAHVE joins AARP'S "Work Reimagined" effort, InVEST adds national board member
Last April a swarm of tornadoes swept across Alabama, killing hundreds and causing billions in insured losses. Among the hardest-hit were Tuscaloosa and Hackleburg, Ala. See the progress they have made in the past year.
The first three months of the calendar year are generally a very quiet time for tornado outbreaks. So far, 2012 has been an exception: there have been 272 confirmed tornadoes this year, according to Standard & Poor's.