The property insurance take-up rate for terrorism coverage continues to rise, with 61 percent of companies surveyed by Marsh--a record high--buying the additional protection against catastrophic risk.

Although Latin America is not the largest regional trading partner with the United States, it is the fastest growing one.

Although reinsurers cut prices for June 1 renewals, one Bermuda-based executive speculated that price hikes in the insurance loss warranty market--fueled by the Deepwater Horizon disaster--could eventually spread to the reinsurance market.

Risk managers preparing for disasters can learn a lot from the very first known practitioner of catastrophe mitigation.