Last month, a reader notified me in a clear and succinct way what he thought about one of our headlines: "You're an idiot," he wrote.

What had most insurers nervous, however, was whether Gustav would cause the kind of residential and commercial damage sustained when Hurricane Katrina hit almost three years ago to the day.

That figure was announced via joint release from ISO, the Insurance Information Institute (I.I.I.), and the Property/Casualty Insurers Association of America (PCI) earlier this week. According to the

Claims News Service, Sept.30, 2:09 p.m. EST -- Due in part to rising loss adjustment expenses and underwriting and investment losses, the P/C industry's net income fell by more than 57 percent for the

Reinsurer PartnerRe today announced that its early estimate of claims relating to its exposure to Hurricane Ike is currently between $175-$210 million on a pre-tax basis, net of reinstatement

As reported by the Beaumont Enterprise, Chertoff is quoted as saying that insurance companies need to "step it up a little bit," in terms of their response to policyholders affected by Hurricane Ike.

Based on the estimated insured loss averages released by three major risk modeling firms over the last several days, Hurricane Ike could rank as the third-costliest storm in history, behind only

Despite making landfall as just a Category 2-strength storm, Hurricane Ike's wind and storm surge has caused massive destruction along the Texas and Louisiana coasts, and the storm continues to cause