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Hurricane Season News

2006: Mother Nature and political deals made 2006 an unsettling year

From Maine to Virginia, agents and adjusters helped property owners dig out from damaging floods. High waters seemed to hit a new state every week. Meanwhile, these same agents had to worry about whether their income was at stake due …

It Figures

55% The rate hike that Florida’s insurer of last resort, Citizens Property Insurance Corp., decided to delay a vote on, following requests from lawmakers to wait until after the January special legislative session. 13,000 The number of free home inspections …

Insurance issues have been key in Southeast’s ongoing recovery

While Mother Nature was nicer to the Southeast and the insurance industry in 2006 than she was in 2005, her potential for destruction was never far from the minds of those living and rebuilding in the Southeast. Insurance remained a …

Top 10 Stories of the Year – East

From Maine to Virginia, agents and adjusters helped property owners dig out from damaging floods. High waters seemed to hit a new state every week. Meanwhile, these same agents had to worry about whether their income was at stake due …

Figures

55% The rate hike that Florida’s insurer of last resort, Citizens Property Insurance Corp., decided to delay a vote on, following requests from lawmakers to wait until after the January special legislative session. 13,000 The number of free home inspections …

Top 10 Stories of the Year – Southeast

While Mother Nature was nicer to the Southeast and the insurance industry in 2006 than she was in 2005, her potential for destruction was never far from the minds of those living and rebuilding in the Southeast. Insurance remained a …

Best Affirms Amlin (Bermuda) Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Amlin Bermuda Limited (ABL) with a stable outlook. “The ratings reflect ABL’s excellent risk-adjusted capitalization and its first …

Best Affirms Zurich’s ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company, the main operating company of Switzerland’s Zurich Financial Services Group (ZFS) and its subsidiaries. Best …

Fla. Approves 8.2% Rate Hike for Allstate

Two Allstate property insurance companies can raise their rates by 8.2 percent, state regulators ruled this week, a move that will affect roughly 400,000 customers. Allstate Floridian Insurance and Allstate Floridian Indemnity had originally requested average statewide rate increases of …

2006 Catastrophes Cost World’s Insurers $15 Billion, Lightest Hit in Years, Swiss Re Estimates