Specialty
EQECAT: Napa Valley Quake Insured Losses Could Reach $1B or More
The magnitude 6.1 earthquake that struck Napa Valley and the San Francisco Bay area of California could end up causing between $500 million and $1 billion of insured losses or more, according an ...
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 ...
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 ...
New RMS Terrorism Model Accounts For Fewer Risks in Many Locales
Catastrophe modeling firm RMS revamped its terrorism model to reflect lower terrorism risks in countries including Canada, Denmark, Ireland, Italy and the United Kingdom. RMS said the changes reflect ...
Report: U.S. Nuclear Regulatory Commission Hit By Cyber Attacks
The U.S. Nuclear Regulatory Commission was "successfully hacked" three times in recent years in attacks involving tainted emails, according to an internal investigation on cyber attacks at the ...
RMS: Global Ebola Pandemic Highly Unlikely
To those who worry about the risk of a global Ebola pandemic, catastrophe modeler RMS is essentially saying, "relax." In a new blog entry on the company's web site, RMS acknowledged that the World ...