Loss Control

The final report on the crash of the Air France flight that took the lives of the crew and 228 passengers will not impact rates, but will bring pilot training to the attention of underwriters, says a broker from Willis Group Holdings.

A combination of higher coastal populations, artificially suppressed rates for last-resort insurers, and the inability of insurers to charge rates commensurate with risk along the coast has driven the residual property market in hurricane-exposed states to new peaks in both exposure value and policy levels, says the Insurance Information Institute....

A combination of higher coastal populations, artificially suppressed rates for last-resort insurers, and the inability of insurers to charge rates commensurate with risk along the coast has driven the residual property market in hurricane-exposed states to new peaks in both exposure value and policy levels, says the Insurance Information Institute....

The risk of flooding for many English homes and businesses could increase fourfold by 2035 if more action to deal with the impact of climate change is not taken, government advisers said on Wednesday.

Insurers face claims of almost $2 billion from fires, hail and thunderstorms that hit parts of the United States last month, broker Aon Benfield said, though the impact of natural catastrophes so far in 2012 remains well below last year.

Catastrophe bond sales doubled in the first six months of 2012, falling just short of the record first-half issuance of 2007 thanks to growing demand from capital market investors, reinsurer Swiss Re said on Tuesday.