Claire Souch, senior director of model management at Risk Management Solutions in Newark, Calif., noted that, "This is only the fourth year since 1950 that we've had more than one Category 5 storm and
Earlier higher estimates, the modeling firm said, were based on more adverse storm paths and intensities forecast by the weather services. While Jamaica was significantly impacted, the storm missed M
According to weather expert predictions, the 2007 Atlantic Hurricane Season will see above-normal storm activity. As we remain in this warm phase of a multidecadal oscillation cycle, the same experts
Hurricane Dean insured losses for the Lesser Antilles islands to Jamaica could range from $1.5 billion to $3 billion, but the storm will likely miss the United States, modeling firms and forecasters
According to the Japan Meteorological Agency, Usagi is off the western coast of the island with sustained winds of 25 mph. It is expected to move over the northern portion of Japan, the island of Hokk
(Associate Editor Jeffery Beckner contributed to this article.) MONEY GOES where money grows, so it should be no surprise that a lot of capital lately has been attracted to the E&S marketplace. Much of it has been
A typhoon has been tracked in the southeast region of Japan and is expected to move north-northwest, picking up speed and intensity in the next three days, according to London-based Carvill Insurance
Standard & Poor's said the three storms have resulted in an estimated $5.77 billion in losses, the largest loss so far resulting from flooding in June, at $3 billion. July floods are running a close
A series of catastrophic weather events in the United Kingdom will spell underwriting losses for property-casualty insurers there in 2007, potentially adding 10 percentage points to the gross loss rat
As reinsurance brokers roll out computerized catastrophe management tools to their insurer clients, unexpected side benefits are emerging, allowing carriers to dream up applications that extend well b