The historic 2010 midterm elections were a huge win for the property and casualty insurance industry--and their allied reinsurers, according to representatives of several industry trade associations.
The chances that the National Flood Insurance Program will be reauthorized for a long period by the next Congress have risen considerably through the Republican takeover of the House, according to industry officials and outside analysts.
Insurers and trade groups objected to a planned National Association of Insurance Commissioners' (NAIC) data call on credit-based insurance scoring during a recent NAIC committee hearing.
There's never been a point in time when the financial side of the business was not important, but the recent recession created even more of a need for the financial people.
Several environmental groups have asked House members to oppose passage of legislation that would provide a federal backup to state catastrophe insurance programs.
WASHINGTON--Several environmental groups have asked House members to oppose passage of legislation that would provide a federal backup to state catastrophe insurance programs.
Nobody wants to pay any more than they have to for anything and, unfortunately, Florida lawmakers have discovered they actually have the ability to manipulate and control the insurance industry and its rates.