What a difference a year makes. Florida insurers had to look high and low for reinsurance in 2006, and pay dearly if they could find it. In 2007, it was a different story. According to Jack Mangiante, senior vice president …
For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United States — where her …
Utility crews restored electricity Sept. 14 to half of the homes and businesses left without power after Hurricane Humberto, while experts estimated total damages from the storm would cost less than $500 million. Humberto, the first hurricane to hit the …
In a step seen to indicate further stabilization of the Mississippi insurance market, Commissioner of Insurance George Dale announced that he has approved two rate filing reduction requests filed by Mississippi Farm Bureau Casualty Co. Through its Homeowner Program, the …
Texas Gov. Rick Perry declared three southeast Texas counties disaster areas as a result of Hurricane Humberto, which made landfall in Southeast Texas in the early hours of Sept. 13. The storm moved ashore near the town High Island and …
Tropical Storm Gabrielle struggled to stay organized as it moved back over the Atlantic Ocean early Monday, leaving in its wake wet but largely unimpressed vacationers and surfers on North Carolina’s Outer Banks. Though the storm lost much of its …
Hurricane expert William Gray downgraded his 2007 Atlantic storms forecast slightly, but he still predicted above-average activity for the rest of the season, with five more hurricanes, two of them major. As Hurricane Felix lashed the coast of Honduras, forecaster …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Munich Reinsurance Company and its rated subsidiaries. Best also affirmed the “a” ratings of the €1.5 billion …
Exclusive Video Florida’s Political Hurricane: It’s All About Rates Florida’s property insurance industry is in the middle of the hurricane season — the political hurricane season. The state’s politicians promised voters their insurance premiums would go down after the state …
Two years after hurricanes Katrina and Rita, the insurance market in Louisiana may have hit bottom and could be ready for a rebound as levees are strengthened and the state undertakes regulatory changes, the state’s insurance commissioner and experts say. …
