A still-largely deserted New Orleans Tuesday prepared to take stock of damage from Hurricane Gustav after rebuilt levees appeared to hold off a repeat of the flooding caused by Katrina three years earlier. Gustav roared through the heart of the …
Hurricane Gustav, which came ashore southwest of New Orleans on Monday morning, is expected to trigger significant insurance claims but far less than record-setting Katrina did three years ago. “This is a significant, catastrophic event, but insurers anticipate these, and …
A bulldozer has caught fire at a home construction project in a small community north of New York City. Firefighters say the bulldozer’s engine compartment erupted in flames Sunday morning at a home in Pearl River, a hamlet in Rockland …
Police in Groton, Connecticut have filed new arson charges against a volunteer firefighter with the Mystic Fire Department. William Celtruda, a probationary volunteer officer, was already facing a first-degree arson charge for allegedly setting a fire that destroyed a historic …
ACE Europe announced from its Dublin headquarters that it has launched a new Pension Trustee Liability (PTL) product “ACE Elite PTL IV,” which has been developed to provide comprehensive protection for Pension Trustees, Pensions Schemes and Employers in the Republic …
Standard & Poor’s Ratings Services has released findings, which show that ‘natural catastrophe bonds (‘nat cats’) have proven generally resilient during the capital market’s turbulence over the past year.” They are currently the “main insurance linked securities (ILS) asset class,” …
Although Gustav is slowly blowing itself out over Oklahoma, Miami’s National Hurricane Center still has a lot of work to do. Its currently tracking a hurricane, a tropical storm, a tropical depression and two disturbances, lined up across the Atlantic …
Standard & Poor’s Ratings Services has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Germany’s Allianz SE (AZSE) and related core entities, along with the ‘A-1+’ short-term corporate credit rating. The outlook on the ratings remains …
A former cheerleader has been awarded $14.8 million by a Spokane County, Wash., Superior Court jury after a series of dental surgeries left her disabled and disfigured with her jaw fused shut. The jury decided that Dr. Patrick C. Collins, …
Fire crews are battling a fast-moving wildfire that broke out Sunday afternoon south of Lake Tahoe and that has forced the evacuation of campgrounds, resorts and homes in the area. Fire information officer Mark Struble said the 125-acre blaze is …