The United Kingdom's Department for Environment, Food and Rural Affairs (DEFRA) and the Association of British Insurers (ABI) have reached a flood insurance agreement that will ensure future coverage
NEW YORK--The National Conference of Insurance Legislators Subcommittee on Natural Disasters voted down an amended resolution today that would have supported the establishment of state catastrophe fund
The report, "Rating in the UK General Insurance Market," notes that the soft market conditions as well as the breadth of models in pricing have created a challenging and complex environment for insure
Scott Stransky, research analyst at AIR Worldwide, said the "vast majority" of California's current fires are burning in the northern part of the state, and he said only a "small percentage of these f
The net income among 20 U.S. reinsurers rose 263 percent in the first quarter of this year despite uneven results among the group, according to the regular quarterly survey released by the
With property-casualty companies increasing their book value per share, the outlook for property-casualty insurance stocks is now viewed as "compelling" as opposed to "attractive," according to a Bank
Implementation of a new regulation to prevent spikes in New Jersey urban area auto insurance rates is progressing, but still must clear a few hurdles, including a legal challenge from several insuranc
The recent movement among consumers to pursue energy savings may dovetail with insurance industry initiatives to convince homeowners to properly prepare their dwellings for disasters, an expert in the
With respect to flex rating, the bill would allow carriers to adjust auto insurance rates within a 5 percent flex band without approval from the state's superintendent of insurance. The insurance supe
Their report, "Property-Casualty Loss Reserves: Thinner, But is the Tail Getting Fatter?" states that overall industry loss reserve adequacy remains positive, and even improved slightly, but it adds t