Best Affirms Swiss Re, Europe Affiliates ‘A+’ Ratings; Outlook Stable January 31, 2014 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit...
Commentary: Swatch Fire Losses and Contingent Business Interruption Coverage January 31, 2014 By Jared Zola An oft-overlooked insurance coverage found in many commercial property policies called “contingent business interruption” coverage may provide insurance proceeds to...
U.S. FAA Cuts India Aviation Safety Ranking as Standards Not Met January 31, 2014 By Anurag Kotoky The U.S. Federal Aviation Administration cut India’s safety ranking for the first time citing a failure to meet requirements, a...
UK Insurers to Pay Out $701 Million from December, January Floods January 31, 2014 The insured bill for the damage caused by the storms and flooding over the Christmas 2013 and New Year period...
Arch Capital Closes Acquisition of CMG Mortgage Insurance, PMI Operating Platform January 31, 2014 The Bermuda-based Arch Capital Group Ltd. (ACGL) announced that its “U.S.-based subsidiaries (Arch U.S. MI) have completed the acquisition of...
Prior Experience Heightens Perceptions of Disaster Risks January 31, 2014 People who have experienced a disaster such as an earthquake, flood, or terrorist attack have a heightened perception of the...
El Nino May Return as Pacific Ocean Shows Signs of Warming January 30, 2014 By Phoebe Sedgman and Eko Listiyorini An El Nino weather pattern, which can parch Australia and parts of Asia while bringing rains to South America, may...
Warming Climate Caused by ‘Human Influence’ Says IPCC’s Latest Report January 30, 2014 “Warming of the climate system is unequivocal, human influence on the climate system is clear, and limiting climate change will...
Sunderland Marine Members Vote for Merger with North of England P&I Club January 30, 2014 By Charles E. Boyle UK-based P&I Club Sunderland Marine (SMMI) announced that its members “voted strongly in favor” of the proposed merger with North...
Oasis’ ‘Open Source’ Cat Model – a User Friendly Game Changer? January 29, 2014 By Charles E. Boyle “We’ve been working on the development of an open source framework for catastrophe models for the last three years, but...