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Raging wildfires fueled by strong winds scorched thousands of acres in New Jersey and on New York's Long Island on Tuesday as firefighters scrambled aircraft to contain the blazes.
While the general consensus for global property-insurance rates has been that rates in catastrophe-exposed areas are rising while rates in areas without such exposures are remaining flat, pricing during the 2012 first quarter is showing property rates climbing across the board, according to Marsh.
Evan G. Greenberg, chairman and chief executive officer of ACE, says governments in the United States and Europe erroneously believe they can create prosperity in the private sector.
Evan G. Greenberg, chairman and chief executive officer of ACE, says governments in the United States and Europe erroneously believe they can create prosperity in the private sector.
PC360 spends a day with Michael Liebowitz, director of insurance and risk management at New York University, to explore the wide range of risks he manages under one roof.
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