The Risk Management Blog
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It’s not a good time to be a reinsurer. These companies, which essentially offer insurance for insurance, often bear the brunt of natural disasters. And 2011 has been the worst catastrophe year in history by some measures. Just look at the graphic above, courtesy of the Insurance Information Institute, for proof. Add in the fact that [...]
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2010 marks the 100th anniversary of workers compensation. That’s right — that little program that ensures that a worker will be paid if he or she is injured on the job now officially dates back a century. These days, everyone is familiar with workers comp and we may even take it for granted sometimes. Nancy [...]
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It seems the P/C market continues to rally. The Insurance Information Institute (III) issued a release stating that private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in the first half of 2010 — up from $6 billion in the first half of 2009. “Property/casualty insurers’ positive results for first-half 2010 are [...]
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There is a fictional book titled Landstrike that details the scenario of a disastrous hurricane striking the New York City area. From the book’s website: Someday, a major hurricane will strike New York City. Government forecasters concede they’ll be unable to give the City much notice, while the City’s emergency planners admit evacuation is impossible. [...]
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