Hurricane Ike is not yet weakening over Cuba and will likely reach the Gulf of Mexico as a Category 1 hurricane before taking aim at the oil-rich Texas-Louisiana coast later in the week, the U.S. National Hurricane Center forecast in …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on marine mutual insurer Norwegian Hull Club (NHC) to ‘A-‘ from ‘A’. The outlook is stable. S&P said the “rating action reflects the extent …
Chuck Wojciechowski, liability supervisor, Gallagher Bassett Services Inc., submitted a story of a plaintiff attending a bachelorette party at the insured’s place of business, a non-profit business entity in Eastern Massachusetts. For the ladies’ entertainment, a third party hired a …
Liberty International Underwriters (LIU), part of Liberty Mutual Group, has launched a global crisis risk management initiative that introduces new products such as kidnap, ransom and extortion; contaminated products; and product recall. LIU’s new products, along with the trade credit, …
No breaches. Limited brash talk. No “no word” from the Army Corps of Engineers. Few foul ups. Clear risk analysis. And the flood fight got done during Hurricane Gustav. Under a microscope since the catastrophic failures of Hurricane Katrina, the …
An earthquake has shaken the area around Swedes Place in northern Nevada. The U.S. Geological Survey’s preliminary report put the quake at a 4.1-magnitude. The temblor hit just before 4:30 a.m. Saturday, Sept. 6, 2008. There were no immediate reports …
A state and federal report concluded that last summer’s lightning- and cheatgrass-stoked Murphy Complex fire that torched 1,000 square miles of Idaho and Nevada backcountry would have overwhelmed efforts by ranchers to cut fire danger before the blaze by using …
Iowa Gov. Chet Culver on on September 5 demanded that federal officials release $85 million in disaster assistance within the next 10 days, or he’ll summon the Legislature back into a special session to find money to help victims of …
The last American Red Cross shelter in Florida for Hurricane Gustav evacuees closed Sept. 6. As Hurricane Ike moves in from the west, Florida evacuees from Hurricane Gustav are finally able to return home. Craig Fugate, director of the Florida …
The National Hurricane Center posted a hurricane watch Sept. 7 for the Florida Keys in advance of Hurricane Ike. By Sunday afternoon, all Keys residents and visitors were under a mandatory evacuation order. Florida emergency officials urged residents to heed …