Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away. The brokerage firm revealed the conclusion based on its “market intelligence” in a written comment to the …
Getting out on the open sea, wind in your hair, enjoying the ride with your family and friends. Then there’s the boat payments, storage fees, fuel, maintenance and repair — these costs can quickly sink the dream of boat ownership. …
The share of Americans who get health insurance through their jobs fell for the fourth straight year as aging baby boomers piled into the U.S. government’s Medicare plan and other adults sought coverage on their own. Medicare enrollment rose to …
Confie Seguros, a national group of personal lines insurance brokers, has agreed to acquire the retail distribution arm of Affirmative Insurance Holdings Inc., known as the Retail Agency Group. The Retail Agency Group operates 195 retail locations in Louisiana, Alabama, …
River floods top the list of risks posing dangers to more people than any other natural catastrophe, according to a new Swiss Re report, which “benchmarks” the natural catastrophe risks faced by 1.7 billion city-dwellers in 616 metropolitan centers around …
State insurance regulators are drawing on the country’s founding principles as they resist international pressure to give the federal government a greater role in overseeing the industry. Ben Nelson, chief executive officer of the National Association of Insurance Commissioners and …
Crews were cleaning up wrecked houses and assessing damage Tuesday in the wake of a powerful typhoon that lashed Japan with torrential rains, leaving at least two people dead. Typhoon Man-yi weakened into a tropical storm by late Monday, though …
A raging fire that destroyed dozens of businesses along the Seaside Park boardwalk in New Jersey on Sept. 12 is expected to be a multi-million dollar insurance event, an insurance expert observed. The fire, propelled by strong coastal winds, swept …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of United Arab Emirates-based Emirates Insurance Company P.S.C. (EIC), both with stable outlooks. “EIC’s capital position remains strong, …
Marine underwriters at the International Union of Marine Insurance (IUMI) conference in London heard from Hjortur Thrainsson, Munich Re’s modeling expert, that even a catastrophe model that is wrong is better than no model at all. He was speaking at …
