In most hurricane-prone states, homeowners have few choices of insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss Ratings. Weiss identified Florida, Louisiana, North Carolina, …
The House of Representatives has passed another temporary extension of the National Flood Insurance Program until Sept. 30, 2010. The program has been suspended from issuing new policies since May 31. Reauthorization provisions have been embedded in controversial legislation on …
The property/casualty industry returned to profitability in the first quarter of 2010 despite continuing declines in both written premiums and earned premiums. Private U.S. property/casualty insurers’ net income after taxes swung to positive $8.9 billion in first-quarter 2010 from negative …
A Florida couple who fled their dream home because of foul-smelling, ruinous Chinese drywall was awarded $2.4 million in damages last Friday in America’s first jury trial over the defective wallboard that could have legal ramifications for thousands of similar …
The Atlantic hurricane season forecasts are in and they aren’t pretty. All the major forecasters have predicted the season will be much more active than last season. The National Oceanic and Atmospheric Administration (NOAA) expects an “active to extremely active” …
The U.S. Deepwater Horizon and Venezuelan Aban Pearl drilling rig losses have left upstream energy insurers with an unprecedented bill of $795 million within the space of a single month, destabilizing the market and driving up rates, according to a …
AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off the Louisiana Coast, …
The following are excerpts from a wide-ranging interview by Insurance Journal’s Andy Simpson with Jeff Grady, president and CEO, Florida Association of Insurance Agents, from Grady’s Tallahassee office. Insurance Journal: There are various players in the Florida property insurance market; …
AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off the Louisiana Coast, …
71 As of June 5, the Louisiana Department of Health and Hospitals had received 71 reports of health complaints thought to be caused by exposure to pollutants from the British Petroleum oil well blowout off the coast of Louisiana. The …
