An announcement from American International Group notes that the Starr Foundation will donate $1 million to the Hurricane Charley relief effort. “The donation, which will be managed by the Volunteer Florida Foundation, is specifically earmarked to provide the elderly and …
In separate announcements Bermuda’s White Mountains Insurance Group, Ltd. and its insurance operation, Montpelier Re Holdings Ltd., released estimates of losses the companies may suffer as a result of claims from Hurricane Charley. White Mountains said its preliminary estimates indicate …
The theft on Sunday of Edvard Munch’s famous painting, The Scream, has provoked a number of comments and analysis from the world’s media. Discussions have focused on the work’s iconic importance as a symbol of 20th century angst, on questions …
Canada’s Fairfax Financial Holdings Limited announced that its initial estimate of aggregate potential net losses relating to Hurricane Charley will be “in the range of US $35 million to US $40 million after tax and minority interests.” Fairfax said the …
Typhoon Aere is reported to be on a collision course towards Taipei, the capital of Taiwan, after pelting the northern portion of the island with high winds and rain. According to forecasters’ estimates the storm is packing winds up to …
Platinum Underwriters Holdings, Ltd. announced that on the basis of currently available information, it estimates that after-tax losses from Hurricane Charley, net of reinstatement premiums, will range from $20 million to $35 million. The Company noted that very few clients …
Bermuda-based Max Re Capital Ltd. announced that preliminary estimates indicate that Hurricane Charley will negatively impact the Company’s 2004 third quarter earnings by $6 million to $9 million.
West Virginia residents in the Fayette, Lincoln, Logan and Mingo Counties who suffered damage in the late July severe storms can be exempted from paying some state sales and use taxes. Deadline for this exemption for both the victims of …
SEER Insurance Inspections Inc., a national insurance inspection company, has appointed Joe Wilson general manager of Operations. Wilson brings to the company more than 20 years of legal, engineering and field inspection experience. The appointment of Wilson to be general …
In Oregon, total workers’ compensation payments fell to $448 million in 2002, a decline of 1.8 percent from the 2001 level of $456 million, according to a new report (See National news) released by the National Academy of Social Insurance …