While significantly less intense than Hurricane Charley in terms of sustained wind speeds at landfall, AIR Worldwide estimates that total insured losses for Florida from Frances will fall within a very similar range: between $5 and $10 billion. This is …
The Property Casualty Insurers Association of America has issued a bulletin, which notes: “Business owners who debate the need for insurance coverage can learn a valuable lesson from Hurricanes Charley and Frances.” The PCI cites some statistics from claims following …
At least 9 persons were reported to have died on the Caribbean Island of Grenada, following a direct hit from Hurricane Ivan. A report from the BBC, delayed because of damage to communications facilities, said that 90 percent of the …
Standard & Poor’s Ratings Services announced that it has revised its outlook on global reinsurer Swiss Reinsurance Co. and related entities of the Swiss Re group to negative from stable. At the same time, S&P affirmed all ratings on the …
Fitch Ratings expects Hurricane Frances likely will represent a material loss to the insurance industry. Preliminary estimates of insured losses vary widely in a range of $2 billion to $10 billion. A back-to-back landfall of major hurricanes is a relatively …
The number of paid workers’ compensation claims fell 15 percent relative to the number of employees from 2000 to 2002, according to a newly released Workers’ Compensation System Report (PDF) from the Minnesota Department of Labor and Industry (DLI). However, …
Wisconsin Attorney General Peg Lautenschlager has praised City of Rhinelander officials for their decision last week to release a February 2004 settlement agreement reached with the City’s insurance company and stated her office would now dismiss a pending lawsuit against …
Victims of Tropical Depression Gaston are reportedly in danger of being victimized again, this time by scam artists, disaster officials warned. One person reported getting a call saying he would get a disaster grant, but “First I need your Social …
Eligible farmers and ranchers can get Emergency Loan Assistance from the USDA for damages and losses caused by drought, late season frost, high winds, flooding, ground saturation, storms, ice, snow and severe temperatures that occurred Jan. 1, 2004, and continuing. …
Texas Attorney General Greg Abbott recently lauded record performance in criminal medicaid fraud enforcement in fiscal year 2004, including a significant increase in the number of investigations and criminal charges brought against those defrauding the government’s health care system for …