Monthly Archives: <span>August 2009</span>

California Wildfires Called Contained

Firefighters have surrounded three wildfires that have been burning throughout California for weeks. The California Department of Forestry and Fire Protection says that a wildfire that consumed about 7,800 acres (3,157 hectares) in Santa Cruz County was 100 percent contained …

Hurricane Bill Served Warning to North Carolina Island Homeowners

Although Hurricane Bill made no direct impact on the North Carolina coast, the seas that the storm churned up has caused worries for some homeowners. The Star-News of Wilmington reported Sunday that residents of Bald Head Island are concerned that …

Private Forecaster Still Sees Quiet Hurricane Season

Private weather forecaster WSI Corp. said on Monday it still sees a quiet 2009 Atlantic hurricane season with conditions not conducive to an active year for violent storms. WSI’s updated forecast predicted a season of 10 named storms, five hurricanes …

Atlantic Tropical Wave Could Become Cyclone, Warns U.S. Hurricane Center

The U.S. National Hurricane Center said Tuesday a tropical wave in the western Atlantic Ocean northeast of Puerto Rico had a high chance — greater than 50 percent — of becoming a tropical cyclone during the next 48 hours. NHC …

Former New York Insurance Chief Dinallo to Run for Attorney General

Dinallo, former New York superintendent of insurance, said Monday that he is gearing up for a possible election effort to be the state’s next attorney general. “I recently filed papers with the New York State Board of Elections to form …

RMS Reports on Hurricane Bill

The latest bulletin from Risk Management Solutions describes Hurricane Bill making landfall in southeast Newfoundland as a weak category 1 hurricane. As of a few hours ago the storm was approximately 90 miles (145 kms) north-northwest of Cape Race Newfoundland …

PartnerRe Files ‘Definitive Proxy Statement’ on PARIS RE Acquisition

Bermuda-based PartnerRe Ltd. Has filed a Definitive Proxy Statement with the Securities and Exchange Commission announcing a Special General Meeting of PartnerRe shareholders on Thursday, September 24, 2009. This Special General Meeting relates to the recently announced agreements entered into …

UPDATE – Thousands Flee Raging Wildfires in Greece

An overnight drop in gale-force winds offered hard-pressed Greek firefighters a brief respite Monday after wildfires raged unchecked for two days north of Athens, burning houses and swathes of forest while forcing thousands to flee their homes. But the winds …

P&I Clubs Must Overcome Investment Addiction Says Aon Report

In a new report Aon suggests that P&I [ Protection & Indemnity] clubs only “need to increase premiums by 0-7.5 percent despite the surge in high value claims in 2006 and 2007 and the steep decline in investment income for …

ACE Names Jones Head of International Power Business

The ACE Group of insurance and reinsurance companies today announced the appointment of David Jones to the newly created position of Head of Power for its international property and casualty insurance business. He will be responsible for the continuing growth …