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South Korea's Reinsurance Market Experiencing Softening Cycle

SEOUL, South Korea (BestWire) - South Korea's reinsurance market is experiencing a softening cycle with an overall reduction in reinsurance rates in April's renewal round. With the absence of large natural catastrophes in South Korea since 2004, the market has had a low level of insurance losses...

South Korea's Reinsurance Market Experiencing Softening Cycle

SEOUL, South Korea (BestWire) - South Korea's reinsurance market is experiencing a softening cycle with an overall reduction in reinsurance rates in April's renewal round. With the absence of large natural catastrophes in South Korea since 2004, the market has had a low level of insurance...

National Disasters Implicate Property and Casualty Claims

By Robert Hille, Partner, Kalison, McBride, Jackson & Murphy, P.A. The World Trade Center attack, Hurricane Katrina and now the BP oil spill – three national disasters implicating coverage under several types of property and casualty policies, but with varying results depending on which...

Earthquakes, Floods, and Disasters Near and Far: Policyholders Should Look For Cover In The Coverage

By Sherilyn Pastor, Ira Gottlieb, and Nicholas M. Insua, Attorneys, McCarter & English, LLP The recent devastating and tragic earthquake in Japan and flooding in the northeastern United States should serve to remind businesses of the ever-present need to consider their insurance policies as a...

The Napa Earthquake – The Time To Think About Insurance Coverage Is Now

By David Smith Last month's Napa earthquake served as a wake-up call for everyone living and working in the Greater Bay Area. As with all natural disasters, after the immediate clean-up is over the analysis will begin as to how to make buildings safer and how to prevent and minimize injuries...