LexisNexis® Legal Newsroom
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...

Arkansas Commission Votes To Ban Fracking Fluid Disposal Wells

EL DORADO, Ark. - (AP) The Arkansas Oil and Gas Commission on Wednesday voted to ban wells for the disposal of natural gas drilling fluids from a region where hundreds of earthquakes have struck, a move officials said was necessary to prevent a potential catastrophe. Commissioners voted 6-0 to close...

Steptoe & Johnson PLLC: Ohio DNR Sets New Brine Transport, Disposal Standards

By Armando F. Benincasa and J. Kevin West The new regulatory framework makes Ohio's rules for brine monitoring and disposal among the nation's toughest. The Ohio Department of Natural Resources (ODNR) developed the new regulations after researching a link between a series of seismic events...

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...