Loss Control

Now that 2011 is coming to a close, PC360 updates and revisits its list of top natural catastrophes of 2011.

Natural catastrophes in 2011 are causing policyholders, government and insurers to rethink their preparedness for a number of risk scenarios.

While the words sexy and insurance seldom appear in the same sentence, cyber liability changed that in 2011.

Enterprise risk management continued to move more toward the mainstream in Corporate America this year, with its implementation being driven by anxious boards and by CEOs more acutely aware than ever of the need to understand and mitigate existential threats.

Recent Santa Ana winds in the West and high winds in the East have raised awareness to the roofs of businesses and homes, which are most vulnerable to damage.

Had Japan been more fully insured for earthquakes, 2011 would have set a record for insured catastrophe losses. As it stands, 2011 will see approximately $108 billion in insured manmade and natural catastrophe losses, second only to 2005, when insured catastrophe losses reached $123 billion, according to a Swiss Re...