Poor design, structural failures and building codes not being enforced--all of these factors can compound cat losses while creating a minefield of coverage complexities. One construction design professional weighs in.
As Hurricane Isaac heads toward the Gulf Coast, PC360 revisits some of the recent "I" storms whose names have been retired by the World Meteorological Organization due to insured and economic losses caused by the tropical cyclones.
A round of storms in late June and early July has amounted to the third costliest insurance event in Ohio history with estimated insured losses of at least $433.5 million.
A round of storms in late June and early July has amounted to the third costliest insurance event in Ohio history with estimated insured losses of at least $433.5 million.
Insurers suffered sizable Contingent Business Interruption (CBI) losses last year, as catastrophes such as the Japan earthquake and Thai flooding wreaked havoc on supply chains worldwide. CBI losses, in fact, likely accounted for a substantial portion of the massive cat claims in 2011.
Tech Decisions' Editor discusses his experience at the latest IASA conference and why he returned to the office with renewed inspiration and industry pride.
Tech Decisions' Editor discusses his experience at the latest IASA conference and why he returned to the office with renewed inspiration and industry pride.
The technology conference season for 2012 is officially over. In the last four weeks IT leaders and software solution providersand a few folks like mespent about eight days together hashing over old problems and speculating about the future.
The technology conference season for 2012 is officially over. In the last four weeks IT leaders and software solution providersand a few folks like mespent about eight days together hashing over old problems and speculating about the future.