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The Florida Financial Services Commission (FSC), consisting of Gov. Jeb Bush and cabinet members, gave preliminary approval Tuesday for the OIR to activate a standby commercial property and casualty J

A New Jersey group, promoting the idea of a state backstop fund to support insurers hit by mega-catastrophes, said results of a homeowners' preparedness survey underscore the need for the legislation

A leading property-casualty insurance trade organization recently released a policy paper that said more study is needed before creating state and/or federal funds to shore up the insurance industry

A leading property-casualty insurance trade organization recently released a policy paper that said more study is needed before creating state and/or federal funds to shore up the insurance industry

A leading property-casualty insurance trade organization released a policy paper yesterday that said more study is needed before creating state and/or federal funds to shore up the insurance industry

An organization devoted to developing a national insurance catastrophe backstop program will begin a push with individual states by opening a New Jersey chapter to lobby for creation of a state cat fu

The hurricane season kicked off today with Lloyd's America saying that insurers should be able to handle storm losses without government help, while a U.S. rating firm predicted a mega-catastrophe cou

One measure would allow greater access to the Florida Insurance Catastrophe Fund for so-called limited apportionment companies (LACs) with $25 million in surplus or less. It enables them to buy a $10