Tropical Storm Irene strengthened into a hurricane as it came ashore over Puerto Rico, reaching category 1, according to the most recent bulletin, released at 5:00 AM AST, from the National Hurricane Center in Miami. The center of Hurricane Irene …
Forecasters at Weather Services International stuck with their earlier prediction that the 2011 Atlantic hurricane season would bring 15 tropical storms, with eight of those growing into hurricanes. Four of those were expected to strengthen into “major” hurricanes of Category …
The 2011 Atlantic hurricane season will be “above normal”, spawning six to 10 hurricanes of which around half could become major, the U.S. government’s weather agency forecast Thursday. However, as the 2010 season showed – it was very active but …
The 2011 Atlantic hurricane season will be above average with nine hurricanes, five of them major, with a more than 70 percent chance that at least one of them will hit the U.S. coastline, Colorado State University forecasters predicted Wednesday. …
Another report indicates that soft commercial insurance market conditions that persisted throughout the U.S. in 2010 will continue into 2011. Key commercial insurance market drivers from 2009—including intense competition among insurers, abundant capacity, and relatively few insured catastrophe losses—continued through …
Bermuda-based PartnerRe Ltd. announced that during the January 1, 2011 treaty renewal season it “expects to write and bind approximately $1.8 billion of Non-Life treaty premium. On a constant foreign exchange basis, this represents a decline of 16 percent from …
Julia Graham, vice-president of the Federation of European Risk Management Associations (FERMA) examined some of the most intractable issues the insurance industry, and its clients, will be facing in the coming year. Here are her conclusions: — In the context …
Two new reports deepened the gloomy outlook for global reinsurers Monday, with fresh evidence of weak pricing and little hope for a turnaround for the sector in the near future. Reinsurers are mired in a prolonged slump as an excess …
