Allstate said it has stopped writing new homeowners' policies in coastal areas of Maryland and Virginia, expanding to seven the number of states in which it is limiting exposure to catastrophic losses
OIR says the reports paint a picture of a greedy title insurance industry ripping off Florida consumers by charging excessive fees to make huge profits. "Most Florida consumers of title insurance
According to Insurance Services Office's Property Claim Services (PCS) unit, Tropical Storm Ernesto caused an estimated insured loss of $245 million across eight states. PCS added that U.S. insurers
A significant amount of business that found a home in the excess and surplus lines market during the last three years is moving back to the standard markets, wholesalers agree. However, during recent
Michael Schlacter, chief meteorologist at Weather 2000, a meteorological consulting firm in New York, noted that Ernesto's track took it over the Gulf Stream in the Atlantic, where the water temperatu
Claims News Service, August 31, 9:41 a.m. EDT -- The National Hurricane Center (NHC) is reporting this morning that the center of Tropical Storm Ernesto is located in the Atlantic approximately 95
Claims News Service, August 30, 9:15 a.m. EDT -- Guy Carpenter's Instrat unit, which provides regular updates on major natural and man-made catastrophes that are likely to incur a significant loss to
The National Weather Service issued tropical storm warnings and a hurricane watch for the east coast of Florida from New Smyrna Beach south to the Florida keys, and along the west coast from Bonita Be
Claims News Service, May 16, 9:59 a.m. EDT -- The AccuWeather.com Hurricane Center, led by Chief Forecaster Joe Bastardi, is predicting an active hurricane season, which it says could have major
Coastal property coverage: Where is it going, will it be available, how much will it cost, and who will write it? These are the major challenges facing insurers and consumers as the state prepares