Munich Re is marketing a new catastrophe bond through a special purpose vehicle set up to protect two North Carolina underwriting associations against $200 million of hurricane losses in the region.
Aon Benfield says insured losses from April weather in the U.S. could top $4 billion, while losses from wildfires in Texas are approaching $200 million.
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A tornado-spewing storm system that killed at least two dozen people across half the country unleashed its worst fury on North Carolina, where homes broke apart, trees snapped, and livestock were swept into the air.
The North Carolina Department of Insurance said 10 people were arrested and six others are being sought in connection with an alleged staged auto accident ring.
The North Carolina Department of Insurance said 10 people were arrested and six others are being sought in connection with an alleged staged auto accident ring.
Tropical Storm Danny is expected to avoid North Carolina skirting the coast of the Outer Banks, but it could impact Massachusetts with near hurricane force winds between Saturday and Sunday, forecasters said.
Weather forecasters pondering the possible track of Tropical Storm Danny said it could make a run at North Carolina and the Northeast over the weekend, possibly becoming a weak hurricane.
The Hanover Insurance Group has opened a new branch office in Charlotte, N.C. As an independent agency company, The Hanover claims to offers a comprehensive solution, enabling its agents to provide a broad range of products and services to address