Reauthorization Needed “Congress needs to pass a long-term extension because homeowners living in flood prone regions of the country don’t have anywhere to turn should another major flood occur during this Congressional recess.” —Blain Rethmeier, spokesman for the American Insurance …
Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost anyone to follow. “We keep going round and round and …
Reauthorization Needed “Congress needs to pass a long-term extension because homeowners living in flood prone regions of the country don’t have anywhere to turn should another major flood occur during this Congressional recess.” —Blain Rethmeier, spokesman for the American Insurance …
An insurance company is balking at paying legal costs for a suburban Philadelphia school district accused of spying on students through laptop webcams. Meanwhile, a lawyer for a student suing the Lower Merion School District said the two sides met …
Nationwide reported first quarter net income of $396 million compared to a net loss of $106 million during the same quarter a year ago. Nationwide Mutual Insurance Co. announced it will fill 1,400 job openings, including about 600 in its …
Insurers in North Carolina are preparing to offer premium credits to homeowners who implement storm mitigation improvements. On behalf of insurers, the North Carolina Rate Bureau has filed a proposal with the Department of Insurance to provide credits to homeowners …
Tennessee Tragedy “Nashville has obviously been hard-hit, and it’s a well-known city, but there are so many other counties in the state and areas … that have been hit very hard as well. A lot of people who didn’t have …
The blame game for the recent British Petroleum oil spill along the Gulf Coast is just getting started as are the insurance implications of this disastrous event, according to underwriters and other observers. “It’s going to take several years to …
Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of …
Flood Lapse “These short putts down a long fairway set a dangerous precedent that leaves homeowners vulnerable.” —David A. Sampson, president and CEO of the Property Casualty Insurers Association of America, commenting on yet another temporary extension of the National …
