Citizens Property Insurance Corporation in a statement said it expects the final damage total to run between $5 million and $6 million. It has already paid out $521,951 in claims and another $200,000
"The Multiple Peril Insurance Act would allow homeowners to buy insurance and know that all of their damage from wind and water will be covered," Rep. Gene Taylor, D-Miss., said in a statement he sent
The ILS market witnessed nearly $5.6 billion of issuance in 2005 and $8.9 billion in 2006, an increase of 59 percent. Going forward, Fitch said it expects volume in this sector to increase by approxim
The Daytona Beach, Fla.-based broker said Shapiro Insurance, with annualized revenue of approximately $3 million, is an insurance intermediary that has served the people and businesses of Florida, sou
The Hurricane Law Group, which filed the action, alleged that Citizens Property Insurance claims adjusters in Miami-Dade and Broward Counties ignored the cost of the Florida Building Code's requiremen
South Carolina Governor Mark Sanford appointed State Senator Scott Richardson, R-Beaufort, as acting director of the Department of Insurance yesterday, replacing Eleanor Kitzman, who resigned abruptly
His comments came during a conference call to discuss the firm's financial results for 2006 that reported net income for the fourth quarter increased 169 percent, or $93 million, and rose 60 percent,
Brian Storms, Marsh's chairman and chief executive officer, will discuss emerging risk topics in the oil and gas industry to open the conference, which is being attended by senior officials, represent
Reinsurance broker Guy Carpenter & Company, LLC, has named Ajay Junnarkar as its new chief financial officer, replacing Phil Petronis, who had been named chief operating officer for Marsh Products and
Will insurers wither beneath the glare of the Washington spotlight when they face a congressional oversight panel on Feb. 28 examining Hurricane Katrina claims-handling? NU Editor In Chief Sam