A magnitude 7.4 earthquake struck Oaxaca, Mexico yesterday, destroying hundreds of homes. No fatalities have been reported, and catastrophe-modeler Eqecat says insured losses are expected to be under $100 million.
A strong, long 7.6-magnitude earthquake with an epicenter in Guerrero state on Tuesday, followed by an aftershock that shook central southern Mexico, swayed buildings in Mexico City and sent frightened workers and residents into the streets.
The first three months of the calendar year are generally a very quiet time for tornado outbreaks. So far, 2012 has been an exception: there have been 272 confirmed tornadoes this year, according to Standard & Poor's.
A judge has removed another legal hurdle for policyholders of Louisiana Citizens Property Insurance Corp. trying to collect more than $100 million for the company's failure to handle claims quickly enough following the 2005 hurricanes.
A judge has removed another legal hurdle for policyholders of Louisiana Citizens Property Insurance Corp. trying to collect more than $100 million for the company's failure to handle claims quickly enough following the 2005 hurricanes.
The Treasury Department is selling $6 billion worth of the $41.8 billion in common stock it holds in insurance giant AIG, which received the biggest bailout of the financial crisis in 2008.
The Treasury Department is selling $6 billion worth of the $41.8 billion in common stock it holds in insurance giant AIG, which received the biggest bailout of the financial crisis in 2008.