E&S/Specialty

Chubb has gained authority to write surplus-lines-insurance business in New Jersey, its own state--an apparent new trend.

Burns & Wilcox CEO Alan Kaufman says the wholesale broker is writing more business, and insurance pricing is increasing, but market capacity and the economy are impeding the rate of incline.

Before going home for Memorial Day, Louisiana House members Thursday introduced legislation aimed at forestalling major increases in flood program rates starting next year.

The storm system that produced deadly tornadoes this past week, including the one that leveled Moore, Okla., is expected to cause between $2 billion and $5 billion in insured property losses, according to catastrophe modeler Eqecat.

Citizens Property Insurance Corporations Board of Governors this week took a bold yet responsible step to reduce the risk to Florida taxpayers while protecting Citizens policyholders in the event of a catastrophic storm.

The National Resources Defense Council says private insurers are turning away from climate-change risks, sending an unmistakeable signal that such risks are increasing and that costs to society are climbing, but an insurance industry association disputed some of the figures used to arrive at that assumption.