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With insurers' claim counts from the California wildfires mounting ever higher, a reinsurance expert suggested that carriers should have an easier time collecting on their reinsurance coverage than th

Northbrook, Ill.-based Allstate Insurance Company announced today that as of last Thursday they have implemented up to a 30-day deferred payment period for customers located in counties directly affec

A loss estimate of $1 billion came from EQECAT, which noted that all of the major California brush fires (fires with extents greater than 10,000 acres) have been accompanied by similar wind

Another catastrophe modeling firm has estimated California wildfire losses will go well above $1 billion, and the state's largest home insurer--State Farm--said it has already logged 2,000 claims and

John N. Ellison, managing partner in the Anderson, Kill & Olick Philadelphia office, issued a statement cautioning policyholders they should be watchful of their claims, taking care to document and fi

In addition, the company is encouraging its employees and independent agent partners to contribute to relief efforts by matching their cash contributions to the area Red Cross and the Salvation Army/S

The Travelers Companies in Saint Paul, Minn., reported a 15 percent jump in third-quarter net income today, with underwriting profits, investment income and favorable prior-year reserve development co

With operating income of $662 million, $1.68 per share, and a combined ratio of 81.6 setting third-quarter records, Warren, N.J.-based Chubb Corp. management told analysts yesterday that it will top f