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Much of the damage caused by a dam breach due to heavy rain in Iowa is uninsured because an estimated large majority of homes in the affected areas do not have flood insurance.

Disallowing the tax deduction for reinsurance between affiliated entities would have a "detrimental effect on U.S. consumer" and lead to higher insurance premiums, the head of a trade group representing European insurers said.

A federal probe into whether state insurance regulators are overstepping their authority when it comes to risk retention groups is being hailed by a national self-insurance group.

ISO and Atmospheric and Environmental Research (AER) announce that ISO ClaimSearch now offers a series of instant online Weather Forensic Reports to help insurers evaluate claims related to severe weather conditions.

Verisk Analytics, Inc., announced the launch of the Verisk Catastrophe Index, a new service providing loss estimates of insured property damage after catastrophes.

President Barack Obama signed financial services reform into law last week, setting in motion an intense effort by interested parties to shape the regulations and government bodies that will implement the legislation to their liking.

The House passed a five-year extension of the National Flood Insurance Program, but a concurrent causation amendment is prompting fierce industry opposition, and it is unclear whether the Senate will even take up the measure this year.

In collecting, there is a passion, a sense of pride, and oftentimes a story that transcends the material structure of a particular item or group of possessions.