Mr. Thorpe said there are several precedents for classifying storm surge as flood, supporting the position of the property-casualty insurance industry that such damage is not covered under flood
The debate in Congress over insurance regulation will help spur a "slow and ponderous" National Association of Insurance Commissioners into action to reform the system, according to New York
In a statement issued hours after the suit was announced, Liberty said it had tried to resolve the issue with the attorney general, only to find his demands "excessive and unreasonable--both in terms o
The Florida Legislature earlier this week passed a no-fault two-year extension bill that contains about $1 million in additional funding to fight personal injury protection fraud and changes what info
"Reserve releases of $61 million were $21 million less than we had anticipated, suggesting that underlying margins are running stronger than expected," he wrote. "The company is well positioned to cap
Speaking at the Professional Insurance Wholesalers Association midyear meeting in Pearl River, N.Y., Paul Siegel said, "Managers don't understand what this is all about because no one explains in real
George Daddario, executive vice president of Towers Perrin Reinsurance Co., told the group these companies, many based in Bermuda, have decided to write primary or secondary policies whenever either o
"Core operating performance exceeded our expectations and was materially better than last year," said Greg Case, chief executive officer. "Each of our operating segments showed margin improvement on p
Average cost for auto insurance nationwide for 2006 is estimated at $867--an increase of just $4 per vehicle from last year despite record vehicle-related losses arising from the 2005 hurricane season,
Results in the quarter include a $112 million increase in federal and foreign income taxes over the same period in 2005 as a result of the amortization of the domestic valuation allowance, which offse