Loss Control

Business interruption and supply chain risk, natural catastrophes and fire and explosion perils are the top three risks for 2013, property and casualty experts say in a new survey.

Business interruption and supply chain risk, natural catastrophes and fire and explosion perils are the top three risks for 2013, property and casualty experts say in a new survey.

The U.S. has gone seven consecutive years without a landfalling major hurricane, the longest stretch since the 1860s, a meteorologist with Aon Benfields catastrophe modeler says.

Data aggregator Property Claims Service upped its insured loss estimate from superstorm Sandy to $18.75 billion, leaving investors in a catastrophe bond issued by Swiss Re facing possible losses.

Data aggregator Property Claims Service upped its insured loss estimate from superstorm Sandy to $18.75 billion, leaving investors in a catastrophe bond issued by Swiss Re facing possible losses.

Models can be extremely useful tools, but they can never replace an educated, thoughtful human brain.

Models can be extremely useful tools, but they can never replace an educated, thoughtful human brain.

Ongoing quarreling over the budget in Washington is causing anxiety in the insurance industrymuch more concern, it would seem, than the industrys ability to handle random weather events.