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By Mark E. Ruquet, PropertyCasualty360.com |
May 14, 2012
Cat bond activity reached record levels in the first quarter of this year, exceeding last year’s placements by more than $300 million, says a leading reinsurance broker.
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By Caroline McDonald, PropertyCasualty360.com |
December 1, 2011
Bermuda reinsurers have taken a beating, but have managed to come up with creative solutions to deal with a disaster-ridden 2011.
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By Caroline McDonald, PropertyCasualty360.com |
November 23, 2011
The string of catastrophes that wrought so much destruction—and caused so many insurer losses—early in 2011 also spurred the formation of special purpose insurers (SPIs) in Bermuda with 17 formed this year, the largest number to date.
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By Caroline McDonald, PropertyCasualty360.com |
October 10, 2011
Legislation introduced to make earthquake insurance more affordable for homeowners nationally is seen as a “terrible idea” by the Hartland Institute.
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By Phil Gusman, PropertyCasualty360.com |
August 8, 2011
The California Earthquake Authority last week turned to the capital markets and tapped a new special-purpose vehicle to securitize its risk, a move which is credit-negative for the reinsurance industry, according to Moody’s Investors Service.
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By Christina Bramlet, PropertyCasualty360.com |
April 1, 2011
Some are already dubbing the disaster in Japan the worst (and potentially most expensive) calamity the world has ever known.
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By Chad Hemenway, PropertyCasualty360.com |
March 22, 2011
U.S. Senators Barbara Boxer and Dianne Feinstein have introduced a bill that would authorize the U.S. Department of the Treasury to guarantee up to $5 billion in bonds available to certified public entities like the California Earthquake Authority following a “mega-catastrophe.”
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By Phil Gusman, PropertyCasualty360.com |
March 14, 2011
While the industry tries to get a handle on losses coming from Japan in the wake of the recent earthquake, insurers in California can expect to see business interruption and other claims from damage caused to marinas by tsunami waves that hit the coast.
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By Chad Hemenway, PropertyCasualty360.com |
August 23, 2010
The San Andreas fault has rumbled much more frequently over the last 700 years than commonly believed, and the next major earthquake could happen soon, researchers have found.
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By Arthur D. Postal, PropertyCasualty360.com |
April 28, 2010
A House panel has reported out flood insurance legislation and two other bills dealing with natural catastrophes, but only the flood program has unanimous industry backing.
