The lack of markets and affordable windstorm coverage for both homeowners and businesses has reached crisis proportions in some states. Hopefully this legislation will spark serious policy debate in Congress on this important topic.” Charles E. Symington Jr., Big “I” …
We all know that catastrophes come in all forms and shapes, not just as hurricanes, earthquakes, fires and mudslides. In light of the recent devastating winter ice and snow storms that crossed the Midwest and then moved to the eastern …
News Currents The numbers, or es-timates, for the property casualty insurance industry for 2006 are in, and Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance Journal’s Andrew Simpson at I.I.I.’s Joint Property …
The 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to five major hurricanes that year. How could insurance industry predictions be so wrong? They weren’t, according …
Robber baron “We’re looking a robber baron in the face. State Farm is not a responsible corporate citizen.” Mississippi Attorney General Jim Hood fighting a recent decision by State Farm Insurance Co. to stop writing new home and commercial property …
News Currents The numbers, or es-timates, for the property casualty insurance industry for 2006 are in, and Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance Journal’s Andrew Simpson at I.I.I.’s Joint Property …
Hawaii may have its hurricanes, California has its earthquakes and floods, and Colorado (at least this year) has cumulative snowfalls nearly a mile high. Yet in 2006, the Midwest — not West — won in the unfortunate disaster lottery. While …
News Currents The numbers, or estimates, for the property/ casualty insurance industry for 2006 are in. Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, sat down with Insurance Journal’s Andrew Simpson at III’s Joint Property Casualty …
Burns & Wilcox announced it now will provide personal lines fire, earthquake and DIC coverage in Hawaii. Coverage includes owners of primary, secondary, tenant-occupied and seasonally rented homes on the Hawaiian Islands (also offered in California and other states). Coverage …
Insurance officials in Florida, where a spate of hurricanes have set the industry into turmoil, pitched the idea recently of multistate insurance pools for natural disasters to their colleagues from across the nation. Reaction was cautious among at least some …
