Personal Lines

Katia is now a Category 1 hurricane far west of the Caribbean and forecasters have advised the Gulf Coast to keep an eye on a separate potential tropical storm.

Two years ago, in an article for Florida Underwriter, Scott Koedel expressed a dim view of the accuracy of many inspections in the windstorm mitigation credit program. Does his reinspection of the program lead him to a more favorable outlook?

Typhoon Nanmadol weakened to a tropical depression after hitting Taiwan on its way to Chinas east coast, and catastrophe modeler Eqecat estimates the storm caused between $200 million and $500 million in insured losses for Taiwan.

Bermuda-based OneBeacon Insurance Group, Ltd. says it will sell its AutoOne business to Interboro Holdings, Inc.

Two rating agencies say the property and casualty insurance industry can handle losses from Hurricane Irene, but question whether more losses this hurricane season could change that scenario.

Catastrophe modeler Eqecat says the U.S. can expect $1.5 billion to $2.8 billion in insured losses from Hurricane Irene.