Disasters Cause Insurance Double Whammy for Pandemic-Hit Businesses September 4, 2020 By Suzanne Barlyn and Alwyn Scott As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the...
A.M. Best: Global Insurance Market Is Well Capitalized in the Face of COVID-19 May 18, 2020 Global insurers are well capitalized to absorb the hit from rising claims and costs related to the COVID-19 pandemic, ratings...
Zurich Insurance Sees Best Chance to Raise Prices in 18 Years January 13, 2020 By Patrick Winters Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost...
Financial Tug-of-War Emerges over Fire Victims’ Settlement January 2, 2020 By Daisy Nguyen SAN FRANCISCO — A financial tug-of-war is emerging over the $13.5 billion that the nation’s largest utility has agreed to...
As Storms Threaten, Geospatial Intelligence Team Keeps Aircraft at the Ready September 20, 2019 By Jim Sams The 2019 Atlantic Hurricane Center has been challenging the ground rules for an insurance industry organization that dispatches pilots to...
No Panic in Hawaii After False Alarm about Missile Attack March 15, 2019 Newswise — When Hawaiians received a false alarm text message that said “Ballistic missile threat inbound to Hawaii. Seek immediate...
Disasters Caused Less Damage in 2013: Munich Re January 7, 2014 Natural catastrophes like floods and storms claimed more than 20,000 lives and caused around $125 billion in damage worldwide in...
April Catastrophes Included Earthquakes in China, Iran; Hail, Floods in U.S.: Aon May 8, 2013 An earthquake in China and two in Iran dominated global catastrophes in April. Additional earthquakes were recorded in Japan, Afghanistan...
Disaster Fraud Concerns After Superstorm Sandy November 26, 2012 By Denise Johnson As victims of Superstorm Sandy pick up the pieces of their lives and insurers wade through thousands of claims, industry...
Handheld Device Speeds Restoration Process During Catastrophes October 19, 2011 The day after Hurricane Irene hit, global recovery firm ServiceMaster’s call center averaged 1,100 calls a day but despite the...