The Louisiana legislature has passed a bill that would prevent insurers from canceling or nonrenewing homeowners policies because of Chinese drywall claims.
Insurer associations and auto repair shops in Rhode Island are sparring over a bill passed by the legislature that would require independent appraisals on vehicles when damages are thought to exceed $2,500.
In its latest ForeCASTSM analysis, the National Insurance Crime Bureau (NICB) reported a significant swell in both hail loss claims and hail loss questionable claims (QCs).
Chubb, FM Global and W.R. Berkley Corp. were the strongest financial performers over the last decade, according to a special report of U.S. property and casualty insurers by Fitch Ratings.
Employers will lose the right to retain their current health care plans if they increase deductibles or co-pays by more than the rate of medical inflation plus 15 percent under regulations unveiled by the Obama administration Monday.
Changes in property and casualty insurance company employee compensation and further reductions in employee benefits at these firms are expected throughout 2010, according to a new study.