At 9:03 a.m. on Sept. 11, 2001, Britt Newhouse stood in the lobby on the 52nd floor of the south tower of the World Trade Center.
Sandy, the Atlantic superstorm that caused flooding, damage and blackouts throughout the U.S. Northeast this week, may lead to higher insurance rates and tighter terms in the affected areas.
Florida’s state-run fund backing insurers against hurricane losses is paying the price for its ominous name.
Allstate Corp. is leading property and casualty insurers to the best start since 2003 amid a decline in tornadoes and forecasts for fewer major hurricanes.
Three to six hurricanes will probably form in the Atlantic this year in what is forecast to be a near- to below-normal storm season.
U.S. property insurers declined on the first trading day in New York after Atlantic superstorm Sandy lashed the U.S. and a risk modeling firm said the damage could cost the industry as much as $15 billion.
New Jersey Governor Chris Christie’s run for a second term and his 2016 presidential ambitions will be shaped by how well he manages his state’s recovery from Hurricane Sandy.
Pensions seeking to boost returns have been buying more and catastrophe bonds. They, and regulators, should be careful.