Most Marylander homeowners aren’t likely to be covered for earthquake damage under their homeowner’s policies. The Insurance Information Institute [I.I.I.] said earthquakes are not covered under standard homeowners or business policies. However, the institute says incidental damage such as fire …
Swiss Re has released a preliminary estimate of its claims costs, net of retrocession and before tax, from the earthquake and the tsunami in Japan of $1.2 billion. The reinsurer cautioned that these “estimates are subject to a high degree …
Heavy damage claims from an earthquake, floods and a storm this year will put Munich Re’s full-year profit goal at risk if claims do not subside in the coming quarters. The world’s biggest reinsurer said it hoped to keep net …
