Catastrophe modelers, through their near-term models, have overshot actual insured losses for 2006 through 2010 by as much as $53 billion.

Florida Insurance Commissioner Kevin McCarty has filed a motion to dismiss a defamation lawsuit against him that alleges a “personal vendetta” against the owner of a workers’ compensation insurer.

Nearly 90 percent of U.S. insurance companies said the use of predictive modeling enhanced rate accuracy in 2010, according to the results of a survey conducted by Towers Watson.

Nearly 90 percent of U.S. insurance companies said the use of predictive modeling enhanced rate accuracy in 2010, according to the results of a survey conducted by Towers Watson.

As waterlogged Queensland, Australia, braces for another round of flooding, the Insurance Council of Australia (ICA) raised its estimate of industry losses to $1.5 billion from previous flooding to the same area.

Moodys Investor Service said recent reports that show a record high in securities lawsuits are credit negative for writers of directors and officers liability.

State Farm Florida has asked regulators to approve a statewide average homeowners insurance rate hike of 27.7 percent.

A Florida couple arrested three years ago for similar offenses was again arrested for submitting $118,000 in fraudulent insurance claims.