New Hire Roundup: ABIA Elects New Board Members
This week, the American Bankers Insurance Association elected new board members, and Deutsche Asset & Wealth Management hired four regional VPs.
Napa Earthquake Could Cost $4 Billion as Wineries Close
Insurers will probably cover about $2.1 billion of the damage from the quake, the strongest Northern California has seen in 25 years.
Risk Management for Homeowners Returning to the Coasts
If an affluent client wants to build a house in a flood zone, help them manage the risk before they build.
Top 10 Global Cities at Risk From Coastal Flooding
Rising seas, growing populations and shifting continents may cause global flood losses to reach from $60 billion to $1 trillion by mid-century.
Weather Catastrophes Hitting U.S. Hardest: Munich Re Report
Study analyzing severe weather was released just days before Hurricane Sandy.
P/C Currency Complications
The year just passed was a challenge all the way around—tough markets, political unrest, economic woes, natural disasters.
The Long and Winding Road
Natural disasters are growing more frequent and severe, their collective losses taking an ever greater toll on insurers and reinsurers—$23.5 billion from tornadoes and other severe weather in the United States in the first half of 2011 alone, according to Munich Re.
Insurance, Muni Bonds Not Dampened by Irene
Hurricane Irene may have roared up the coast last weekend, but she did not leave complete financial wreckage in her wake. Neither the insurance industry nor the municipal bond market was devastated, despite the billions of dollars in damage.
Hurricane Irene Could Be Multi-Billion Dollar Event for Insurers
A "significant hit" but within planning scenario for P&C insurers, reports PropertyCasualty 360.