Archive for September 10th, 2004
“If Hurricane Ivan continues along its expected path and strikes near Floridaís Tampa/St. Petersburg metropolitan area as a Category 4 or 5 storm, insured losses could exceed $35 billion, a catastrophe modeling firm said Friday.”
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“It took the fourth-year Eindhoven student two years of puzzling by trial and error to create a formula which can be used to solve the roots of any polynomial equation.”
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“Wenqing He, a graduate from Waterloo, and Kelin Pan, a Western graduate from China, are teaching in the Statistical and Actuarial Sciences department this year.”
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SCOR actuarial appointments
Sep 10
“Eric Lecoeur FIA has been appointed Chief Actuary in the Group Risk Control Department”
“Emmanuel Durousseau has been appointed Director for Group Retrocessions and Catastrophe Risk Control in the Group Risk Control Department”
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“The Company will therefore place its US operations into run-off, i.e. no longer write reinsurance from the US. Converium intends, however, to continue underwriting US exposure from Converium AG, Zurich, and its Bermuda Branch.”
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Think you’re covered from Ivan, Frances and Charley?
“Business insurance does not cover power outages caused by a loss of power generated by the local utility,” said Don Griffin, PCI vice president of commercial insurance. “So companies that have been forced to close due to the widespread power outages across the state cannot claim losses because they could not open for business.”
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