Following the exceptionally severe and prolific catastrophes experienced globally in 2011, organizations now have an opportunity to learn lessons from these events and reduce the adverse impact of future incidents on their balance sheets. According to a paper published today …
State Farm lost $4.5 billion on its property/casualty underwriting in 2011 – which is $1.3 billion more than it lost in 2010. The Bloomington, Illinois-based mutual insurer cited catastrophe claims as the main reason for higher underwriting loss, mirroring overall …
Rescuers extended their search on Friday to shattered houses close to the epicenter of Christchurch’s deadly earthquake, but rain and cold dimmed hopes of finding more survivors of New Zealand’s worst disaster in decades. The arrival of teams from Britain …
