Personal Lines

Florida Insurance Commissioner Kevin McCarty says the states insurer of last resort did not provide evidence to support its recommendation to raise rates for sinkhole insurance by a statewide average of 447 percent.

As mutual insurers increase their dependence on technology to sell and service insurance, companies must demonstrate their value to independent agents while not cutting them out of the client relationship, says the incoming chairman of the National Association of Mutual Insurance Companies.

Though nearly two-dozen insurers in Connecticut have agreed to waive hurricane deductibles following Hurricane Irene, State Farm is not among them.

In his deficit-reduction proposal, President Obama voices support for provisions in House legislation that would eliminate subsidies, over five years, on 30 percent of properties insured by the National Flood Insurance Program.

Mutual insurance executives need to express their passion for the industry by telling their stories and pointing to the mission that the protection of policyholders is the backbone of insurers business, says the outgoing chairman of the National Association of Mutual Insurance Companies.

A magnitude 6.9 earthquake struck in the region of Sikkim, India yesterday, causing moderate to heavy damage to vulnerable structures, as well as at least 38 fatalities and over 100 injuries, according to catastrophe modeler Risk Management Solutions.