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Typhoon Talas could cost insurers as much as $600 million as officials search for victims of the weekend storm that slammed into western Japan and claimed more than 50 lives.
The Senate Banking Committee today approved Roy Woodall to be the independent member of the Financial Stability Oversight Council with insurance expertise and sent the nomination to the full Senate for final approval.
The Senate Banking Committee today approved Roy Woodall to be the independent member of the Financial Stability Oversight Council with insurance expertise and sent the nomination to the full Senate for final approval.
A Mississippi senator withdrew his amendment to flood-insurance reauthorization legislation that would have terminated the Terrorism Risk Insurance Act in 2013, a year earlier than authorized in 2007 legislation.
A Mississippi senator withdrew his amendment to flood-insurance reauthorization legislation that would have terminated the Terrorism Risk Insurance Act in 2013, a year earlier than authorized in 2007 legislation.
Reinsurance capital increased one percent in the 2011 second quarter after taking a 6 percent drop in the first quarter of this year, according to a report from Aon Benfield.
Reinsurance capital increased one percent in the 2011 second quarter after taking a 6 percent drop in the first quarter of this year, according to a report from Aon Benfield.
With modern societys ubiquitous reliance on the electrical grid, space weathersuch as a severe solar stormcan wreak havoc on the electric-power supply and trigger losses from business interruption and damaged physical assets.
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