Aspen Insurance Holdings has reported a third quarter 2008 net loss after tax of $116.7 million, compared with a net profit after tax of $117.2 million in Q3 2007. Operating earnings per share also posted a loss in the third …
Coface, the Paris-based business specialist, has issued a bulletin, which notes that the “credit crisis is spreading throughout Europe amid a deepening financial crisis, leading to a sudden squeeze in banking credit, plunging confidence levels, and a slowdown in activity.” …
The tsunami that killed 230,000 people in 2004 was the biggest in the Indian Ocean in some 600 years, and it has lessons for the Pacific Northwest, geologists said. Geologists say the long gap between tsunamis in the Indian Ocean …
As 59-year-old Richard Krikalo lumbers through the office of a junkyard he helps manage, he bumps into a desk and clips a wastebasket with his right leg. Krikalo is almost blind in his right eye and has trouble with depth …
November is the peak month for vehicle-deer collisions, and a new analysis of insurance claims and federal crash data indicate the problem is growing. The Highway Loss Data Institute (HLDI), an affiliate of the Insurance Institute for Highway Safety (IIHS), …
If a magnitude 7.0 earthquake occured on California’s Hayward Fault today, it would result in economic losses between $210 billion and $235 billion, with only up to $30 billion likely to be insured, according to a study by Newark, Calif.-based …
When Diana Levine turned 63 recently, her daughter made her birthday card, drawing on Greek mythology with an illustration of Diana the Huntress, her bow string drawn taut, an arrow ready to fly. But the arm pulling at the bowstring …
Three months after a tornado ripped a 50-mile swath through central New Hampshire, some residents still are caught in a swirl of red tape as they fight to rebuild their damaged or destroyed homes and get on with their lives. …
Louisville, Ky.-based Kentucky Farm Bureau Mutual Insurance Co. deployed Guidewire ClaimCenter as its next generation claims management system. ClaimCenter replaces KFB’s legacy claims system. KFB said it deployed ClaimCenter to improve its levels of customer service to insureds, claimants and …
The Kentucky governor said he has asked legal experts to determine whether new evidence warrants reopening an investigation into one of the deadliest fires in U.S. history, a nightclub blaze that killed 165 people more than 30 years ago. Survivors …