According to Risk Management Solutions as many as one in four homes in the UK is at risk of flooding caused by excessive rainfall and overflowing rivers. RMS conducted a “spatial analysis of British properties – using high-resolution satellite imagery. …
Bermuda’s XL Capital Ltd. announced that it will be contributing to the disaster relief effort for those affected by the recent earthquake in Sichuan Province in China. The Company said it would “provide funds to rebuild a school and library, …
Standard & Poor’s President Deven Sharma has issued a call for a globally coordinated approach to the oversight of credit rating agencies, in order to ensure consistency for investors and issuers operating in international markets. Sharma, speaking in London at …
A terrorism alert system installed in thousands of merchant ships after the September 11, 2001 attacks is flawed because it does not immediately notify local security authorities of an attack, said a report on the system. The Ship Security Alert …
Swiss Re has released its latest sigma study, which examines and analyzes the worldwide insurance industry results from 2007. According to the report world insurance premium income grew 3.3 percent in real terms in 2007, to $4.061 trillion. The growth …
Hawaii Gov. Linda Lingle has signed SB3023 SD2 HD2 CD1 (Act 190) into law, amending the state’s captive insurance industry statutes. According to the Hawaii Department of Commerce and Consumer Affairs Insurance Division, which initiated the legislation, the new law …
The Alaska Division of Insurance has changed its policies for property and casualty insurance testing to conform with the National Association of Insurance Commissioners Producer Licensing Uniformity Standards. It will no longer be offering part 2 of the property/casualty licensing …
The wildfire season is looking like it will be much easier on Montana than last year, fire managers told Gov. Brian Schweitzer. Strong mountain snowpack and cool, wet spring weather are combining to put the state in a far better …
The San Diego Insurance Adjusters Association elected new officers and board members for the 2008-2009 term. Recent bylaws allowed for regular and associate members to serve on the board during the coming year. The elected officers are: President Dune Pagaduan …
Professional Program Insurance Brokerage of Novato, Calif., named Alan Preston vice president of operations. He has assumed responsibility for all internal operations and will oversee the company’s planned expansion later this year. Preston was formerly a corporate vice president for …
