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United Fire & Casualty Co. says it expects second-quarter catastrophe losses of between $30 million and $35 million due to spring storms that have spawned deadly tornadoes in the U.S.
As the 2011 Atlantic hurricane season gets underway today, most forecasters indicate it will be a busy year for storms, with a high likelihood of a hurricane making landfall along the Atlantic and Gulf Coasts.
As president of the Public Risk Management Association, Cindy Mallett, risk manager for the City of Gainesville, Ga., says in this exclusive interview that she has no shortage of issues to focus on in the coming year.
Nineteen reinsurers belonging to the Reinsurance Association of America saw a combined 2011 first-quarter net loss of $100.6 million, compared to 2010 first-quarter net income of $2.4 billion.
Innovations in science and the availability of storm data have led to a refined approach for assessing inland storm decay, building vulnerability, and storm surge. Insurers can utilize these innovations to prepare for the predicted “above-average” levels of activity ahead.
The tough task of guessing what hurricane season will look like could be even more difficult this year for forecasters, who won't be able to rely on the relatively predictable forces known as El Nino and La Nina.
PropertyCasualty360.com’s Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics. Check out the latest claim-related tweets.
The tough task of guessing what hurricane season will look like could be even more difficult this year for forecasters, who won't be able to rely on the relatively predictable forces known as El Nino and La Nina.
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