Few state insurance commissioners have spoken out on national issues as frequently as New York Superintendent of Insurance Howard Mills. In this interview with Insurance Journal’s Andrew Simpson conducted at the recent meeting of the National Association of Insurance Commissioners, …
The marine market, although not immune to severe weather and other catastrophic occurrences, has not suffered to the extent of the mainline commercial property sector. A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” …
A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack of available property insurance for catastrophic risk, …
News Currents Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously thought. The …
A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack of available property insurance for catastrophic risk, …
The marine market, although not immune to severe weather and other catastrophic occurrences, has not suffered to the extent of the mainline commercial property sector. As such, industry players have sought to fill gaps in coverage by revising the solution …
Allstate Corp. said recently that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and life insurer reported net income of $1.21 billion (euro970 million), or …
Until recently the reinsurance world was a galaxy far, far away. That changed after the 2000 stock market crash, the Sept. 11 attacks and, more recently, the hurricanes that struck Florida, New Orleans, Texas and other parts of the Gulf …
The MacNeill Group of Sunset, Fla. was recently honored with a presentation and plaque by the Professional Insurance Agents of Florida for supporting the association for more than 50 years. Since its beginning 60 years ago, MacNeill has been a …
A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack of available property insurance for catastrophic risk, …
