Measures aimed at improving the property insurance market dominated the insurance agenda as the Florida Legislature convened March 7, according to the American Insurance Associa-tion. Legislators will also debate whether to allow next year’s statutory sunset of the state’s no-fault …
Property issues to dominate Florida Legislature Measures aimed at improving the property insurance market dominated the insurance agenda as the Florida Legislature convened March 7, according to the American Insurance Associa-tion. Legislators will also debate whether to allow next year’s …
Legislators are meeting across the Southeast to discuss a wide variety of insurance issues: Proposals in Florida would designate hurricane tax revenue to help pay for hurricane repairs; there are a dozen proposals in Georgia, including one to give a …
Panelists agreed unanimously that uniform statewide building codes are necessary to have everyone prepared for hurricanes and that local building departments had to enforce stronger codes. Up-to-date building codes, standards equal effective ‘disaster mitigation’ Sound, up-to-date and successful building codes …
Berkshire’s Buffett still high on insurance despite catastrophe risk Gen Re misfortunes overcome by Geico’s stellar performance, Buffett says Warren E. Buffett, the billionaire chairman of giant Berkshire Hathaway, praises the performance of his primary insurance units, particularly Geico, in …
Speaking at the World Insurance Forum in Bermuda, Hemant Shah, Risk Management Solutions CEO, warned that insurers should be preparing to increase their reserves for catastrophe losses, not only due to the unprecedented 2005 hurricane season, but also to prepare …
Texas insurers are seeking state approval of a plan to bolster a windstorm insurance pool for coastal property owners at risk during hurricane season. The industry wants the Legislature to approve $800 million in bonds to boost the Texas Windstorm …
A report in Jackson, Miss. by Insurance Commissioner George Dale shows that six months after Hurricane Katrina struck a devastating blow to the Gulf Coast, major insurers have made solid progress and are committed to completing the job and preparing …
Anita Richardson’s insurance company gave her $4,500 to repair what her contractor says is $50,000 worth of damage done when Hurricane Katrina ripped apart the roof of her New Orleans, La., home and poured about two feet of water inside. …
Munich Re AG, the world’s largest reinsurer by gross premiums, said Tuesday its fourth-quarter profit quadrupled and its annual earnings rose despite the furious series of hurricanes that struck the Gulf of Mexico last year. The company said its sale …
