The head of Florida Citizens Property Insurance Corp. says the state-run insurer is well on its way to becoming the true market of last resort for the Sunshine State.
Superstorm Sandy was the greatest source of claims in a year otherwise substantially lighter in global catastrophes than 2011but most of the losses wrought by the Northeast disaster were retained by insurers and not their reinsurers, according to a report from reinsurance intermediary Aon Benfield.
The industry is certainly aware of and gaining knowledge about supply chainsbut the products being offered arent necessarily keeping up with the risks, some experts say.
Insurance agent, mayor, volunteer firefighter and victim: Tommy Muska is battling to restore normalcy to a small, Texas town rocked by the West Fertilizer Co. explosion.
The Oklahoma Insurance Department (OID) says insurance claims from a series of tornadoes in May have reached 70,782, with insurance payments reaching close to $562 million.
Montreal, Maine & Atlantic Railway says it is on the site of the fuel train derailment in Lac-Megantic, Quebec to establish a process for the filing and handling of claims.
Berkshire Hathaway Specialty Insurance says it has hired broker relationship expert Lori Spoon Rafkin as its senior vice president of customer and broker engagement.