London-based underwriting subsidiaries of the Bermuda-based Catlin Group Limited have introduced a new terrorism insurance product that includes unique crisis response services as well as coverage for chemical, biological, radiological and nuclear (CBRN) losses. The announcement explained that the “UK …
Ohio is joining the few states that require convicted arsonists to register with authorities, hoping it will help solve more cases, deter repeat offenses and prevent deaths and property damage. The new law will require people convicted of arson-related offenses …
Police in several St. Louis, Mo.- area towns are investigating a string of smash-and-grab crimes with a twist: In many cases, nothing is taken. In six instances over the past few weeks, suspects have busted through the front doors of …
The Insurance Bureau of Canada (IBC) reports that the estimated insured damage caused by the recent severe thunderstorm event that hit the Edmonton area in July amounts to more than $100 million. The IBC noted that the estimate, “reported by …
The Chautauqua County Office of Emergency Services says tornadoes that touched down in three western New York communities a week ago caused $760,300 in property damage. The tornadoes touched down in the village of Fredonia and the towns of Pomfret …
Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz said. Calculating the true cost …
According to catastrophe modeling firm AIR Worldwide, “historic flooding in Thailand continues to damage residential properties and has interrupted operations for numerous businesses. At the start of this year’s monsoon season in late July, Tropical Storm Nock-Ten brought high precipitation …
Large and powerful Hurricane Irene roared across the Bahamas archipelago on Wednesday, knocking down trees and destroying homes on a path that officials said posed the greatest threat to the country’s smaller, less-populated islands. There were no immediate reports of …
New York City paid nearly $521 million in personal injury and property damage claims in 2010 — marking the first time in 30 years the police department’s liabilities topped those of public hospitals, according to a city comptroller’s report issued …
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