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The Japan earthquake and tsunami revealed a potential flaw in catastrophe modelers’ planning, as modelers pointed to the fact that they did not account for the complete devastation that hit the island nation.

The Japan earthquake and tsunami revealed a potential flaw in catastrophe modelers’ planning, as modelers pointed to the fact that they did not account for the complete devastation that hit the island nation.

Captive formation across the country is being driven by new legislation as well as by a "friendly" interpretation of existing laws. Here is a summary of what's happening with captives.

A change to a catastrophe model can influence the level of reinsurance purchased by companies and impinge on the rating process, but the extent to which the latest revision announced by one modeler affects either is not specifically clear.

Banks fighting the split of MBIA into two companies said they submitted affidavits from four former New York insurance superintendents stating that the department violated its duty by allowing the insurer to make the move.

The Utah Legislature approved a bill restricting fees that municipalities can charge after an accident occurs.