AIR Worldwide Corporation estimates insured losses from both wind and precipitation-induced flooding from Typhoon Wipha (See IJ web site Sept. 18, 19) are unlikely to exceed $250 million (RMB 1.85 billion). “The estimate covers insured losses to property and contents …
Research and Markets has added “Snapshots Canada Non-Life Insurance 2007” to their offering, as part of the research firm’s Snapdata series. The report “provides 2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts,” …
EQECAT, Inc., a subsidiary of ABSG Consulting Inc., announced the release of its “3.10” catastrophe management software, which includes its next generation model for Atlantic basin hurricanes. “The storms of 2005 identified the critical need for insurers and reinsurers to …
AXA UK announced that Ian Richardson will retire as Group Business Risk Director of AXA UK effective Dec. 31. He will be replaced by Ian Robinson, currently the Chief Operating Officer of HSBC Insurance Holdings. Richardson, 62, has been “Group …
National Association of Insurance Commissioners (NAIC) President and Alabama Insurance Commissioner Walter Bell, along with other members of the NAIC’s Southeastern Zone, is holding a public hearing to address insurance issues in coastal zones. Bell and state insurance regulators from …
Two West Virginia women were indicted earlier this month on one felony count each of worker’s compensation insurance fraud. If convicted, Erin Chinn and Robin Bird of Cabell County, W. Va., face one to 10 years in prison and a …
A Massachusetts consumer group and Attorney General Martha Coakley urged Insurance Commissioner Nonnie Burnes to incorporate more consumer protections and ban the use of credit scores in her proposed auto insurance deregulation plan at a public hearing. “We all like …
Global insurance broker Willis Group Holdings ltd. announced that Lanny Johnson and Lisa Fielding King have joined the company’s operations in greater Philadelphia. Johnson, who joins Willis as a senior vice president of the company’s operations in Pennsylvania, has more …
Chrysler LLC said it would recall nearly 300,000 sport utility vehicles to address potential braking problems while driving uphill. The recall involves more than 156,000 Jeep Grand Cherokees and Commander SUVs from the 2006-2007 model years, more than 90,000 2007 …
More people are building homes in hazardous fire areas of the Sierra Nevada — increasing firefighting costs, according to a two-year study released by a conservation group. The Sierra Nevada is primarily in eastern California and extends into neighboring Nevada. …
