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Daily NewsFlash : May 24, 2011


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Tuesday, May 24, 2011

EQECAT: Joplin Tornado Losses Could Reach $3 Billion

The tornado that hit Joplin, Missouri, could cost insurers between $1 billion to $3 billion, according to catastrophe risk modeling firm EQECAT.

The tornado, the deadliest single tornado...
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Researchers Looking at Patterns to Assess Rise in Deadly Tornadoes

Known as a “multi-vortex,” hiding two or more cyclones within the wider wind funnel, the extraordinary Joplin twister is the single deadliest tornado since officials began keeping recor... Read More

Death Toll Rises from Missouri Tornado

Tying it for the single deadliest twister to ever hit American soil since the National Weather Service began keeping records 61 years ago, The toll from the tornado that ripped through Joplin soare... Read More

Mitsui Sumitomo Says Has "Adequate Capacity" following Japan Quake; Estimates Insured Losses at $12.24B

 

Andrew McKee, CEO of Mitsui Sumitomo at Lloyd's, said that although "it is still too early to assess the full economic impact of the Tohuku Pacific earthquake on the MS&AD Insura...
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AIG's 'Re-IPO' Remains on Track

The Wall Street Journal reported on Monday that according to people familiar with the matter the long-awaited $9 billion stock offering from American International Group Inc. (AIG)  and the U.... Read More

Insurers in U.S. Brace for Huge Weather-Related Losses in 2011

U.S. insurance companies are bracing for record losses in 2011 as in all five months we have seen devastating tornadoes, floods, and earthquakes overseas while anticipating a busier-than-usual hurr... Read More

FBI Stats Show Crime Was Down in 2010

Preliminary FBI figures reveal that the levels of both violent crime and property crime in the U.S. declined in 2010 from the previous year's data.

The 2010 Preliminary Annual Uniform Crime...
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Applied Systems Provides Training at ASCnet Summit

Applied Systems professional staff are in Dallas today through Thursday, teaming with instructors from ASCnet (Applied Systems Clien... Read More



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