Guy Carpenter & Co., the global risk and reinsurance specialist of the Marsh & McLennan Companies, and its affiliate MMC Securities Corp. have published their fifth annual Cat Bond survey: “Catastrophe Bond Market at Year-End 2006: Ripples Into Waves.” The …
Newark, Calif.-based RMS has revised its industry loss estimate for windstorm Kyrill to between €3 and €4 billion ($3.94 and $5.25 billion), based on recently available information. “Windstorm Kyrill caused relatively low levels of damage over a very large area, …
Preliminary reports indicate that at least 70 people have been killed by a powerful earthquake that struck the Indonesian Island of Sumatra early this morning. Many more have been injured, and local authorities expect the death toll to rise. The …
It’s dark, cold and 4:30 in the morning. John Marroney is driving his pickup truck to see if any of his cows need help giving birth to their calves. At 8:30 a.m., Bob Watkins is balancing on the back of …
The new Florida Insurance Consumer Advocate will operate under a three-pronged approach designed by Alex Sink, the state’s Chief Financial Officer. Sink joined Bob Milligan Monday on his first day reporting for duty as Insurance Consumer Advocate. The two unveiled …
North Hollywood, CA – QuotesAuction.com recently hit a major milestone after receiving over 1 million insurance leads from Google advertisement. Visit http://www.quotesauction.com/awards.htm for proof. QuotesAuction.com is the leading insurance leads provider who supplies more than five thousand insurance agents with …
Investigators with the California Department of Insurance (CDI) Fraud Division have arrested a Newhall, Calif., man for allegedly staging the theft of his high-end pickup truck in a scheme to defraud his auto insurance carrier of $45,000. According to CDI, …
A northwestern Montana ski resort was not negligent in an accident that injured a 6-year-old boy, a U.S. District Court jury decided. The seven-member jury’s unanimous verdict means that Paul and Deb Stamey will return home to Seattle empty-handed, after …
A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar government insurance programs, New York Acting Superintendent …
California Insurance Commissioner Steve Poizner announced the Department of Insurance’s Conservation and Liquidation Office (CLO) has won an arbitration award of $443.5 million in favor of the five Superior National Insurance Companies in liquidation. The arbitration award is against United …