The reinsurance industry is well-positioned to absorb first quarter catastrophe losses that could rise as high as $42 billion, according to reports released today, and while pricing is expected to improve, another event may be needed to spur global hardening.
While AIG reported a net profit of more than $11 billion, its property and casualty subsidiary Chartis came in with an underwriting loss of $5.2 billion, primarily becasue of its reserve charge.
Insurance agents in Tennessee might have to deal with the prospect of lawsuits over accusations that they failed to properly advise customers about flood insurance.
Insurance agents in Tennessee challenged by the number of claims from floods and tornadoes that hit the state may also be dealing with the prospect of lawsuits over accusations that they failed to properly advise customers about flood insurance.
The Iowa Insurance Division said the mediation service will allow consumers who have a settlement dispute with their insurance company to utilize a mediator under contract with the division to determi
WASHINGTON--The Government Accountability Office in a report released today recommended that Congress give the Federal Emergency Management Agency greater authority to scrutinize private insurers' hand
Given all the controversy about wind versus flood coverage following Hurricane Katrina, I invited Bob Hunter, director of insurance at the Consumer Federation of America, ...
Given all the controversy about wind versus flood coverage following Hurricane Katrina, I invited Bob Hunter, director of insurance at the Consumer Federation of America, ...
Insurers have taken a beating in Congress and the press for allegedly dumping claims involving properties damaged in Hurricane Katrina on the National Flood Insurance ...