Loss Control

The Insurance Institute for Business and Home Safety conducted the first-ever indoor hailstorm Feb. 20.

U.S. insurer Nationwide Mutual Insurance Company is seeking to raise $200 million protection for hurricanes and earthquakes in the United States by selling a catastrophe bond through Cayman Islands-based vehicle Caelus Re.

U.S. insurer USAA will not be able to cash in on two of its catastrophe bonds, because losses from superstorm Sandy and other 2011 natural disasters were not high enough to trigger a payout, Standard & Poor's said.

Florida Citizens Property Insurance Corporation will sell $250 million of hurricane coverage to investors in 2013 to recoup some of the cost of covering natural disasters in the state, the insurer said.

Florida Citizens Property Insurance Corporation will sell $250 million of hurricane coverage to investors in 2013 to recoup some of the cost of covering natural disasters in the state, the insurer said.

A 10-ton meteor collided with Earths atmosphere on Friday morning, sending flaming cosmic debris across western Siberia, an area that is relatively sparse in population but home to factories related to defense technology and thermonuclear-weapons production.

A 10-ton meteor collided with Earths atmosphere on Friday morning, sending flaming cosmic debris across western Siberia, an area that is relatively sparse in population but home to factories related to defense technology and thermonuclear-weapons production.

While the monetary impact of internal fraud tends to be relatively low, the impact to a company's reputation could be far greater. Marsh experts outline controls and responses companies should take to uncover and respond to such events.