In the wake of Hurricanes Katrina and Rita, vexing questions regarding business-interruption losses emerged that were encountered infrequently in Texas and Louisiana before the storms.
It is past time for all of us to start thinking about risk differently. The desire and ability to understand and take risk is one of the fundamental drivers behind our global economy. Without it, we
Today, Aug. 24, 2006, marks the 14th anniversary since Hurricane Andrew first made its devastating landfall in Florida. Even though Andrew's financial figures now pale in comparison to last year's
According to the California Department of Insurance, Liliana Mazariegos, 30, Exau Gonzalez Yanez, 22, and Alex Diaz, 41, staged a collision on the 605 freeway. Their target was an unmarked newer
Applied Insurance Research (AIR) has a new design for its catastrophe loss estimate web site. AIR Loss Estimates in Real Time (ALERT) offers up-to-date loss estimates for major natural catastrophes
FROM 2001 through 2003, the excess and surplus lines marketplace enjoyed a remarkable run. As standard insurers curbed their underwriting in the hard market, direct written premiums in the E&S segment increased by 35.66% in 2001, by 61.67% in 2002
FROM 2001 through 2003, the excess and surplus lines marketplace enjoyed a remarkable run. As standard insurers curbed their underwriting in the hard market, direct written premiums in the E&S segment increased by 35.66% in 2001, by 61.67% in 2002
Although damage from August's Hurricane Charley was still being assessed when this issue of Claims went to press, preliminary estimates of insured losses were just over $7 billion, making it the
Katrina Leads Pack Of Record HurricanesWorst disaster ever combines with Rita, Wilma to cause $45.2 billion in lossesInsurers thought they got walloped last year ...