Based on initial reports of structure and home loss, it is anticipated that insured losses could exceed $25 million, said Boston-based AIR Worldwide Corp. At that level the fire meets the definition o
According to the California Department of Insurance, Commissioner Poizner has deployed initial response teams to perform damage assessments with the State Fire Marshal and dispatched his Disaster
Following the recent Southern California wildfires, as many as 40 percent of homeowners reportedly lacked sufficient insurance to cover their home replacement costs. What should carriers and producers
Proxix Solutions has developed a new storm-surge model that generates storm-surge inundation polygons for all counties along the Gulf and Atlantic Coasts. Accounting for changes in coastal elevations
Proxix Solutions has developed a new storm-surge model that generates storm-surge inundation polygons for all counties along the Gulf and Atlantic Coasts. Accounting for changes in coastal elevations
At the closing session of the National Association of Insurance Commissioners summer meeting, industry representatives resisted entreaties that a series of interrogatories related to global warming sh
Allstate Insurance has targeted California in its latest effort to shed some of its catastrophe exposure following record disaster losses in 2004 and 2005, announcing it will not write new property
OneBeacon Insurance is offering a new online resource to help small-business customers plan for and deal with natural and manmade disasters. Open for Business, a free Web-based disaster-recovery and r
In his short story, "The Rich Boy," F. Scott Fitzgerald summed up the challenge facing insurers and independent agents who target elite personal lines clients--those with mansions, fancy cars, yachts,
Nov. 30, 2006 brought the biggest sigh of relief the insurance industry has exhaled in quite some time. It came at the end of a hurricane season that was projected to be as active as any we have seen