Personal Lines

An insured can experience a catastrophic loss due to mechanical failure if, at time of loss, the proper coverage, including loss of income, is not in place, Carmen Suarez, underwriting manager for Preferred Property Program, a subsidiary of JGS Insurance.

Moodys Rating Service says blazes in Texas will have a negative impact on insurers third quarter results when combined with other losses theyve experienced during the third quarter.

The Thursday decision of the Senate Banking Committee to support the idea of splitting the difference on the wind-v-water issue is setting off a fierce, albeit behind-the-scenes, lobbying campaign within the insurance industry.

The Thursday decision of the Senate Banking Committee to support the idea of splitting the difference on the wind-v-water issue is setting off a fierce, albeit behind-the-scenes, lobbying campaign within the insurance industry.

Insured losses from catastrophic events for the 2011 first half increased 141 percent over the same period last year, but the disasters claimed significantly less lives according to a report from Swiss Re.

Tropical Storm Nate, one of three current Atlantic tropical cyclones, appears to be tracking south of yesterdays forecast and now looks as if it will make landfall in the middle portion of Mexico.

Legislation reauthorizing the National Flood Insurance Program until Sept. 30, 2016 was reported to the Senate floor today by the Senate Banking Committee.

Legislation reauthorizing the National Flood Insurance Program until Sept. 30, 2016 was reported to the Senate floor today by the Senate Banking Committee.