Florida Realtors are joining the outcry against some of the flood insurance rates mandated by a 2012 federal law, arguing that implementation of a provision mandating immediate application of actuarial rates when a home is sold will bring Floridas housing recovering to a screeching halt.
As the Boston Marathon bombings show, the war on terror is far from over, but the Terrorism Risk Insurance Act is a "proven and unqualified success, the president of the Insurance Information Institute told a Senate committee today.
Even as the number of workers compensation claims declines, the number of questionable claims is increasing, according to an analysis by the National Insurance Crime Bureau.
Even as the number of workers compensation claims declines, the number of questionable claims is increasing, according to an analysis by the National Insurance Crime Bureau.
AIG CEO Robert Benmosche is under heavy fire from a senior Maryland Democratic congressman after comparing the intense criticism of bonus payments made in 2009 to AIG Financial Products executives to the lynching of blacks during the civil rights battles of several decades ago.
New Yorks top financial-services regulator says, based on his perspective as a former prosecutor of terrorism, the Terrorism Risk Insurance Act should be made permanent to respond to unconventional threats.
New Yorks top financial-services regulator says, based on his perspective as a former prosecutor of terrorism, the Terrorism Risk Insurance Act should be made permanent to respond to unconventional threats.
At a hearing on reauthorization of TRIA held by the House Financial Services Committee, one executive called the program the "backbone of a healthy terrorism insurance market."
At a hearing on reauthorization of TRIA held by the House Financial Services Committee, one executive called the program the "backbone of a healthy terrorism insurance market."
The New York Department of Financial Services proposed new rules today that will prohibit forced-placed insurers from placing such coverage on mortgaged property serviced by an affiliated bank or servicer.