AUTHOR: By Susan McKenna Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to almost 15 percent of the insurance …
The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of homeowners insurance …
Some 70 fires thought to be work of arsonists Many of the wildfires that plagued Texas during the first half of January 2006 may have been started intentionally, according to the Texas Forest Service. Some 70 wildfires in Texas are …
Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the year ahead. This year’s survey results indicate an expectation that record catastrophe losses will …
In the insurance world catastrophes pretty much defined what 2005 was all about; 2004, as well, for that matter. As devastating as all the hurricanes, tsunamis and earthquakes were for the people who suffered from them, the insurance industry seems …
Virginia Governor Timothy M. Kaine is proposing an increase in the state’s auto insurance premium fee and a hike in the auto sales and use tax as part of a broad multi–year transportation initiative. The $3.7 billion four-year plan is …
Royal & SunAlliance USA Inc. has appointed Edward J. Muhl, an experienced insurance regulator, as outside director. Muhl brings with him nearly 40 years of insurance experience in senior regulatory and industry roles. He served in a regulatory capacity as …
Three elected representatives from New York joined with a leading homeowner’s insurance company last week in a call for increased government involvement in providing reinsurance for catastrophes. Congressman Steve Israel (D-N.Y. 02), Congresswoman Carolyn McCarthy (D-N.Y. 4th), both members of …
New York officials have reportedly reassured the insurance community that, despite concerns over some alleged abuses of finite reinsurance, the use of certain multi-year reinsurance contracts that might be classified as finite reinsurance is acceptable. U.S. RE reported it received …
New York State Superintendent of Insurance Howard Mills defended contingent commissions and reported progress in moving his regulatory agency toward risk-based market conduct reviews of insurers. He also shared his views on a national disaster plan during the Professional Insurance …
