Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the areas at risk, …
The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, taxpayer and insurance groups. Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee, announced …
The mountain dwellers of far western Maryland know a lot about snow, but a crippling blizzard spawned last year by Superstorm Sandy taught them a painful lesson in emergency preparedness. Scattershot planning and outdated communications gear caused confusion and delays …
Florida Insurance Commissioner Kevin McCarty said that Rebecca Matthews will serve as interim chief of staff of the Office of Insurance Regulation. Matthews currently serves as the deputy chief of staff. Matthews succeeds Audrey Brown who had served as chief …
Tracking the toll of a disaster like Superstorm Sandy is not like keeping score at a baseball game. Its damage to lives and property may never be known precisely, and there are multiple ways to tally it. In the case …
It was the moment a run-of-the-mill hurricane mutated into a monster named Sandy. Paradoxically, it was the same time Sandy lost much of its wind power, dropping from a hurricane to a tropical storm. It was a Friday night and …
Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address affordability of the coverage before implementing rate …
Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the company. The broker has rallied 35 percent …
Toyota Motor Corp. reached a deal on Friday to resolve a lawsuit in the United States over unintended acceleration issues, one day after a jury found the Japanese carmaker liable and ordered it to pay $3 million for defects that …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced that it is “helping insurers and reinsurers prepare for current and future U.S. hurricane seasons with its innovative storm surge model. “Ahead of the one-year anniversary of …
