Citizens Property Insurance Corporation’s board of governors gave its approval Thursday of expanded commercial property insurance coverage for small businesses across Florida. “Our goal is to make coverage available as quickly as possible to the Florida small business community which …
Risk Management Solutions (RMS) has teamed up with WeatherFlow Inc., a provider of private weather data, to launch the “WindX(tm) parametric index” (www.windxnetwork.com).” The two companies timed the introduction of their new service to coincide with the fast approaching 2007 …
Not so long ago it was beginning to look like “A” ratings were an endangered species. However, after a lot of belt tightening (and a benign year for nat cats in 2006), the rating agencies have been raising, rather than …
Insurers fight impression their big profits are at claimants’ expense The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth …
Warning of another looming hurricane season, lawmakers including Florida Gov. Charlie Crist pleaded this month in Washington for a national catastrophe fund to help stabilize an insurance industry that some say has gone berserk in coastal areas. The Bush administration …
Congressional hearings examine the need for national disaster solution Two U.S. Senate committees — the Committee on Banking, Housing and Urban Affairs, and the Committee on Commerce, Science and Transportation — met this month to examine the response of the …
The up-and-coming hurricane researchers who accurately predicted a mild 2006 storm season, despite dire predictions of more established forecasters, said the 2007 season will be much more active — especially in the Gulf of Mexico. Two teams of researchers at …
Private insurers would have an easier time getting rate increases and an effort would be launched to end competition from the state-created Citizens Property Insurance Corp., under a bill that cleared a House panel last Friday. The measure would counteract …
The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter, American International Group’s rose eightfold. A year and a …
Warning of another looming hurricane season, lawmakers including Florida Gov. Charlie Crist pleaded this month in Washington for a national catastrophe fund to help stabilize an insurance industry that some say has gone berserk in coastal areas. The Bush administration …
