To hear proponents tell the tale, the reason the U.S. Senate voted yesterday to gut reforms to the National Flood Insurance Program that it had approved overwhelmingly just 18 months earlier was to stem the effects of the most serious …
A poll released last week by the Risk and Insurance Management Society — the trade association for risk managers of corporations, non-profits and local government agencies, who together are the major purchasers of commercial insurance — found the group’s membership …
Recent news reports on the roll-out of reforms to the National Flood Insurance Program have focused on astronomical increases in rates faced by some home and business owners. This language from an ABC News report has been fairly common: New …
Just in time for the 12th anniversary of the Sept. 11 terrorist attacks, our friends at the Cato Institute have published an interesting new report that calls for letting the Terrorism Risk Insurance Program – the $100 billion federal backstop …
WFMY-TV in Greensboro, N.C. reports on a common problem facing North Carolina consumers: the arrival of letters from one’s home or auto insurer requesting to raise rates above levels approved by by the state, with the implicit threat of dropped …
Draft versions of a forthcoming working group report from the United Nations Intergovernmental Panel on Climate Change — set to be formally released Sept. 27 — have already found their way into the hands of certain news media, and the …
Florida Gov. Rick Scott is taking a firm stance against proposals floated in Congress and by the White House that would raise catastrophe insurance rates by limiting the ability of foreign-based insurers and reinsurers to be able to deduct their …
In recent months, a group of lawmakers from the Gulf Coast — led by Sen. Mary Landrieu, D-La. — in concert with some of their colleagues from Sandy-hit New York and New Jersey have been doing their darnedest to scare …
With Sen. Bill Nelson, D-Fla., expected any day now to reintroduce his proposal to have federal taxpayers backstop the risk of state catastrophe funds, it bears examining just who it is that would benefit from the cheaper property insurance rates …
Mary Williams Walsh of The New York Times‘ DealBook blog has an interesting post today on New York regulators’ expansive investigation of captive reinsurance transactions by life insurers, and the extent to which the practice is gaming state regulators’ vaunted …
