Loss Control

A violent storm system powering through a wide swath of the Midwest and South on Wednesday spawned tornadoes and powerful winds that turned homes into splintered wreckage and cars into crumpled shells.

FM Global announced it has opened an insurance branch office in Madrid, Spain.

Mark your calendars: NU provides highlights of the upcoming Inland Marine Underwriters Association meeting.

Since differences in catastrophe-model estimates essentially result from differences in frequency and severity assumptions, modeling pioneer Karen Clark proposes that rating agencies use “benchmark” 100-year catastrophes to gauge cat risks for rated companies, rather than PMLs that can vary widely depending on the modeler and the version of the model...

Inland Marine carriers are dealing with a soft market, increased competition in this historically profitable niche, and new federal regulations that complicate the assessment of risk.

The insurance needs of homeowners and businesses will evolve as they upgrade their property with green technology, and agents who can position themselves as knowledgeable on the topic and who check in with clients to discuss renewable-energy investments and exposures will be providing a valuable service to customers—and giving themselves...

Funding from the federal government is paving a path toward revolutionizing the modeling of storm surge, a Texas University scientist told members of a Senate committee at a hearing held Monday.

Funding from the federal government is paving a path toward revolutionizing the modeling of storm surge, a Texas University scientist told members of a Senate committee at a hearing held Monday.