Catastrophe & Restoration

Net income at property and casualty reinsurance, Swiss Res biggest unit, dropped 39 percent to $283 million.

The Connecticut state legislature failed to pass a bill requiring Homeowners coverage for collapsing foundations, but there may be some hope on the horizon.

Global natural disaster losses during the first half of 2016 from both an economic and insured loss perspective were each above their 16-year (2000-2015) averages, according to report from Aon Benfield.

Companies and insurance clients may be questioning whether they are adequately insured for business interruption and other property losses.

The decision was forced by damage due to saltwater that flooded the systems Canarsie Tube during Hurricane Sandy in 2012.

About 53,000 houses have collapsed from the floods and 30,000 hectares of crop have been destroyed, the Hebei government said.