Catastrophe News

Sharks, Beer Among Most Popular Headlines in West

For years newshounds have endeavored to figure out a way to predict what stories will prove most popular with readers. While a few web news aggregators have had some measure of success and have steadily drawn in readers with hot …

ACE Construction Practice Launches Catastrophe Services Through ESIS

ACE USA has launched catastrophe claims servicing capabilities specifically designed for the construction industry through ESIS Inc., a risk management services company owned by the ACE Group. The new offerings provide an additional layer of protection from losses that occur …

Yosemite May Be Harbinger of California’s Wildfire Potential

The week-and-a-half-old wildfire in Yosemite is seen by some as a harbinger of what could be a “worst case scenario” when California enters its typical wildfire season in October – continued drought, lots of unburned fuel and a weather outlook …

‘SharkNado’ Impact on Los Angeles $100B!

It was a doozy. Flying, biting killer sharks literally whipped into a frenzy by freak tornadoes wreaked havoc on Los Angelenos. The catastrophe played out on the Syfy Channel on Thursday night, lighting up Twitter as the top trend all …

Wildfires, Hail Take Toll on Colorado Homeowners Insurance

It’s safe to say there’s a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on the rise for some time. Insured losses from the recently doused Black Forest fire should …

Assurant Finalizes 2013 P/C Reinsurance Program

Assurant, Inc., a provider of specialized insurance and insurance-related products and services, has finalized the structure of the company’s 2013 Property Catastrophe Reinsurance Program, including $185 million of newly issued three-year, fully collateralized catastrophe bonds. Multiple factors are considered in …

After Sandy, Underwriters, CAT Models View Northeast Like Southeast: NAPCO

Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that catastrophe models will reflect going forward. According to NAPCO’s Spring 2013 State of the Market Report, underwriters and …

Burand’s Agency E&O Blog: Tip #27

Agency Catastrophe Plans. How to keep a catastrophe from becoming an even bigger catastrophe. I don’t know who said it, but they correctly concluded that the best E&O audit is a natural catastrophe because so many clients have claims and …

Policyholder Education: Agent or Carrier Responsibility?

Policyholder education about insurance coverage wording is a critical challenge for the property/casualty insurance industry. But who should be doing the teaching — agents or carriers? During a recent industry meeting, a personal lines insurance industry expert suggested that agents …

Lucky Or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact

At least one industry analyst says that good risk management is protecting insurers as they face a new normal level of catastrophe losses. Other experts believe luck is playing a bigger role than skill. Speaking at the Property/Casualty Insurance Joint …