Risk
Insured Losses From Hurricane Arthur Will Not Exceed $250M: RMS
Insured losses from Hurricane Arthur—the first hurricane to make landfall in the U.S. since 2012's Hurricane Sandy—will not exceed $250 million from wind and coastal flooding, according to ...
Soft Reinsurance Market Dampens Platinum’s Q2
For Bermuda-based Platinum Underwriters Holdings, Ltd., the 2014 second quarter offered plenty of downbeat statistics that showcase the struggles reinsurers face in an ever-softening market. Compared ...
Historical Perspective: Past Attacks on Commercial Airliners
A Malaysian airliner was brought down over eastern Ukraine on Thursday, killing all 298 people aboard and sharply raising the stakes in a conflict between Kiev and pro-Moscow rebels in which Russia ...
Liberty Mutual Punts $3.3B in Liabilities to Berkshire Hathaway Arm
Liberty Mutual Insurance is ceding $3.3 billion in asbestos, environmental and workers compensation liabilities to Berkshire Hathaway subsidiary National Indemnity Company in one of the larger ...
Senate Overwhelmingly Approves TRIA Renewal Bill
The U.S. Senate overwhelmingly approved a bipartisan bill that would renew the Terrorism Risk Insurance Act, even as the House struggles to schedule a floor vote for its version before the August ...
AIR Worldwide Updates U.S. Severe Thunderstorm Model, Unveils Crop Hail Model
Catastrophe risk modeler AIR Worldwide has updated its Severe Thunderstorm Model for the United States, including significant enhancements to all three model components: hazard, engineering and ...
Lung Experts Urge Ban on E-Cigarettes Citing Unknown Health Impacts
Experts from the world's leading lung organizations have released a position statement on electronic cigarettes, focusing on their potential adverse effects on human health and calling on governments ...
USGS: 16 States At Particular Risk For Damaging Earthquakes
As many as 16 states are at high risk of damaging earthquakes, but 42 in all are vulnerable to some degree, the U.S. Geological Survey has concluded in an update of its seismic hazard maps. Alaska, ...