Risk
Zurich, AIG and ACE Among Insurers Likely Hit by Napa Valley Quake
The earthquake that struck northern California yesterday will lead to economic losses of as much as $4 billion, fueled by damaged wineries and shuttered businesses that rely on tourists. Insurers ...
Iceland Retracts Volcanic Eruption Warning But Monitoring Continues
Iceland is monitoring rumbling at the Bardarbunga volcano for a second week after it yesterday retracted an announcement of an eruption and eased a warning to airlines over a possible ash plume. The ...
Deadly Landslides Hamper Hiroshima Rescue Efforts
Military, police and fire personnel searched through the night for missing victims after downpours in Hiroshima triggered a series of deadly landslides this week. The death toll rose to 42, with 43 ...
6.1 California Earthquake Damages Historic Buildings, Injures Many
The strongest earthquake to strike northern California in 25 years crumpled historic buildings, cracked roads and highways and damaged wineries in the world- renowned Napa Valley. Scores of people ...
Viewpoint: Underwriting, Acronyms and Climate Change
Floating together in a muck of alphabet soup the insurance industry, the government and the scientific community can be assured success in at least one thing amid their combined efforts to deal with ...
Earthquake Insurer Startup Expands Into Multiple States
Palomar Specialty Insurance Company has expanded into 10 more states, six months after launching as a provider of commercial and residential earthquake insurance. The California-based company ...
China Retailer Counters Food Safety Scares With Baby Milk Insurance
A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concern about food safety in China. Suning Commerce ...
Allied World Paying $215M for RSA’s Hong Kong and Singapore Business
Allied World Assurance Company, Ltd. will fork over at least $215 million for RSA Insurance Group's Hong Kong and Singapore business, fueling further expansion for the mega-insurer in Asia. The cash ...