Insurance News & Info

The Association of British Insurers (ABI) has warned that the flood risk faced by communities in political constituencies across England and Wales presents a “worrying”‘ situation. It selected “Boston and Skegness in Lincolnshire as the constituency with the most homes … View full post on Insurance Journal » News

State and federal programs offer homeowners in North Jersey’s flood-ravaged areas a buyout. But the combination of red tape and limited funding is keeping many from that promise and a fresh start in a new and drier location. Nelly Della … View full post on Insurance Journal » News

Damage from last year’s record spring floods could leave many people along the Mississippi River in even more danger this year, the Army Corps of Engineers said. The Corps said it’s assessing the damage to levees, structures and navigation channels, … View full post on Insurance Journal » News

The risk of significant flooding in the Red River Valley is down from recent years and even lower than last month’s forecast due to the lack of snow, forecasters said on Jan. 26 — bolstering hopes the region may be … View full post on Insurance Journal » News

The Oregon State Motor Pool says 145 vehicles were damaged when floodwaters inundated its parking lot Thursday in Salem. The Statesman Journal reports insurance adjusters are adding up the damage. The Department of Administrative Services says the motor pool lot … View full post on Insurance Journal » News

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Bermuda-based Endurance Specialty Holdings Ltd announced that its initial loss estimate related to the floods that occurred in Thailand in the fourth quarter of 2011 is $76.5 million. The announcement said they “predominantly impacted Endurance’s property reinsurance book of business.” … View full post on Insurance Journal » News

Bermuda-based Endurance Specialty Holdings Ltd announced that its initial loss estimate related to the floods that occurred in Thailand in the fourth quarter of 2011 is $76.5 million. The announcement said they “predominantly impacted Endurance’s property reinsurance book of business.” … View full post on Insurance Journal » News

Bermuda-based PartnerRe Ltd. announced that it “expects to record a charge of approximately $120 million, pre-tax and net of retrocession and reinstatement premiums, in its fourth quarter 2011 results related to the flooding in Thailand, which occurred in October and … View full post on Insurance Journal » News

Bermuda-based AXIS Capital Holdings Limited announced that the net financial impact of the severe flooding in Thailand on the Company’s fourth quarter results is expected to be $48 million – net of reinsurance, taxes and reinstatement premiums. AXIS also updated … View full post on Insurance Journal » News