P&C Companies News

Who’s Giving in Federal Politics

Top Insurance Contributors to Federal Candidates and Parties Property/casualty insurance advocacy groups, including the Independent Insurance Agents & Brokers of America, the Council of Insurance Agents & Brokers and the Property Casualty Insurers Association of America again made the top …

Debate Heats Up Over Coastal Homeowners

Although hurricane seasons ends in November, the storm over coastal homeowners insurance New York appears to be just getting started. In mid-October, Insurance Superintendent James Wrynn plans to convene a meeting of the state’s Temporary Panel on Homeowners Insurance Coverage, …

It Figures

124 Illinois Attorney General Lisa Madigan announced that investigators have identified 124 people with active arrest warrants who were residents or staff members of nursing homes for elderly residents. Madigan said they were identified through 21 unannounced nursing home compliance …

Rep. Taylor Frustrated Over Failure of Windstorm Coverage Add-On

In Pascagoula, Miss., on the Gulf Coast, agent Laverne Nelson has to get windstorm coverage for her personal property from the state wind pool. That is because in April her property insurer, MetLife Property & Casualty, dropped her wind coverage. …

It Figures

23 The age of the person, Aylin Hernandez of Miami, charged with stealing payments intended for Citizens Property Insurance Corp. If convicted, Hernandez faces up to 45 years behind bars. Investigators allege that Hernandez created her own corporation named Citizens …

It Figures

7.5% Arkansas’ unemployment rate rose by one-tenth of a percentage point in August to 7.5 percent, the first increase since March. The state Department of Workforce Services said the state’s nonfarm payroll jobs decreased by 3,400. The biggest drop came …

House Joins Senate in Extending Flood Insurance for 1 Year

The U.S. Senate and the House of Representatives have both approved a one-year reauthorization of the nation’s flood insurance program. The measure, S. 3814, will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. As of press time …

Top 25 Carriers’ Second Quarter Results Show Improvement in 2010 Versus Second Quarter 2009

Benjamin Franklin once said, “Without continual growth and progress, such words as improvement, achievement and success have no meaning.” In a market that continues to be described as soft, the Top 25 Property/Casualty companies give meaning to the word achievement. …

Wind Inspectors in Louisiana Say Insurers Vary on Proof for Discounts

In the entire state of Louisiana, there are only 16 of them, and they want business. They are certified wind inspectors, and for $150 to $200 they say they can knock hundreds of dollars off homeowners’ annual insurance premiums. “I …

Distressed and Vacant Properties Fill a Void for Insurers

The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many …