Economic losses in the regions of Japan that were hit by a massive earthquake will reach around 14 trillion yen to 15 trillion yen ($171-$183 billion) based on information available on Monday, Credit Suisse said in a research note. Credit …
The unexpected nature of this week’s earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses from the disaster especially difficult, senior executives at two top catastrophe risk modeling firms said Saturday. About $24 …
Shares in European insurers fell steeply on Monday after analysts estimated over the weekend that the Japanese earthquake could cost the industry nearly $35 billion, making it one of the most expensive disasters ever. The Stoxx 600 European Insurance Share …
Boston-based catastrophe modeling firm AIR Worldwide’s most recent statement, based on “currently available information, estimates that insured property losses from the Mw9.1 earthquake that struck Japan on Friday will range between 1.2 trillion JPY to 2.8 trillion JPY. Using today’s …
A jury has awarded nearly $2 million to the owner of a now-defunct discount store after finding that the Bank of Rhode Island drove the store out of business by wrongfully demanding repayment for funds withdrawn by an embezzling employee. …
Fire officials are investigation the cause of a fire that did $80,000 in damage to a converted garage apartment near Woodbine, Maryland. The fire was reported about 7:30 a.m. Friday. It took about 50 firefighters from several companies about 45 …
Philadelphia fire investigators say they’ve determined that a furnace triggered a blast that killed a gas company worker in January. The Philadelphia Daily News reports that fire department officials say the Jan. 18 blast was ignited by a furnace inside …
The Federal Emergency Management Agency is pushing to get rid of the last 424 of its trailers still in Louisiana more than five years after Hurricane Katrina struck the state, leveling towns and flooding New Orleans. The agency has sent …
Thieves trying to steal copper are blamed for touching off a fire that left behind $1.6 million in damages Dec. 23 at the Peak Fibers cotton processing plant in Rayville, La. Danny Opiel, 38, was arrested Mar. 11 and booked …
Rescue workers used military trucks and other heavy vehicles to pluck motorists from more than 500 vehicles abandoned along ice-slicked roads and in drifting snow throughout North Dakota and take them to churches, schools, bars and gas stations that became …