E&S/Specialty

The Federal Emergency Management Agency is coming under heavy fire for its handling of Superstorm Sandy flood claims in New York and New Jersey. The criticisms extended to Write-Your-Own companies that in many cases process flood claims for FEMA.

Energi CEO Brian McCarthy speaks with PC360-NU about the structure and aspirations of his company as well as risk and coverage trends in many sectors of the vast Energy marketplace.

Aspen Insurance Holdings chief executive says the insurer is reducing its earthquake and wind exposure in the U.S. property insurance market due to the volatility of catastrophe risks.

Property and casualty carriers enjoyed a strong hiring month in December, boosting employment for this subsector of the insurance industry to its highest level in 2012, according to the most recent figures from the U.S Labor Departments Bureau of Labor Statistics.

Superstorm Sandy, a decrease in favorable prior-year development and non-catastrophe losses and resulted in a net loss of $9 million for the 2012 fourth-quarter at CNA Financial Corp.

P&C insurers are beginning to understand the need to drive rate increases stepping away from the industrys soft-market trends of recent years, says XLs CEO Mike McGavick.