A group of insurers warned shipowners this week to be careful when signing deals to carry Iranian oil because the United States has not been able to clarify whether insurance claims will be paid after the suspension of sanctions ends …
As Americans carve pumpkins and stock up on candy ahead of Halloween, they also might want to think about finding a secure place to park their cars. Personal vehicles are almost twice as likely to be vandalized on Oct. 31 …
While weather-related losses remain comparatively rare in the global power generation sector, research published by Marsh highlights that their financial impact is considerably higher than other operational loss events. The latest Marsh Risk Management Research report, Common Causes of Large …
As many Americans enjoy summer vacations, day trips and barbeques, some will unfortunately return home to find they have been burglarized. According to Nationwide Insurance claims data and FBI statistics, home theft occurs more in June, July and August than …
The Oklahoma Insurance Department says nearly 76,000 claims have been filed since a series of violent tornadoes hit Oklahoma last month, killing dozens and injuring hundreds. Insurance Commissioner John Doak said Wednesday insurance payments from the storms are nearing $688 …
Insurance companies serving the St. Louis area have received more than 6,300 claims from residents with damage from tornadoes that struck the area on May 31, according to the Missouri Department of Insurance. One insurer reported more than 2,200 claims, …
Insurance claims filed in Oklahoma following the tornado outbreak at the end of May have jumped to 60,308 with insurance payments reaching $470,323,299, the top state insurance regulator reported. “These numbers are already staggering, and this is just the beginning,” …
Natural disasters cost insurers $65 billion last year, with the United States accounting for nine-tenths of the bill and Superstorm Sandy prompting payouts of $25 billion, a leading insurance company said Thursday. However, Munich Re AG said that the total …
The Louisiana Legislative Auditor has released a scathing report alleging that former St. Bernard Parish Clerk of Court Lena Torres failed to collect $174,300 in court fees from her son, attorney Sidney D. Torres III. The 86-page report says the …
Legislators in the New Jersey Assembly will hear about insurance issues cropping up in the aftermath of Hurricane Sandy. The panel on Thursday will examine responsiveness to insurance claims and how well insurance companies are covering residential and business claims. …