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Insured damage from the worst floods in the Czech Republicin more than a decade could cost $381.35 million, the country's insurers said on Thursday.

The Federal Insurance Office (FIO) is being told the government should support the private reinsurance market and think long and hard before creating any government backstop that would alter the current system.

The P&C insurance industry is supporting legislation that would alter patent law to allow for the use of parts not made by the manufacturer in repairing damaged vehicles.

The property and casualty insurance industry is supporting legislation that would alter patent law to allow for use of parts not made by the manufacturer in repairing damaged vehicles.

The property and casualty insurance industry is supporting legislation that would alter patent law to allow for use of parts not made by the manufacturer in repairing damaged vehicles.

Four industry associations are speaking up for a risk retention group, requesting that the federal Ninth Circuit Court of Appeals uphold a decision by the Nevada District Court in July 2011 to allow the RRG to continue operating, despite the state's efforts to shut it down.

Four industry associations are speaking up for a risk retention group, requesting that the federal Ninth Circuit Court of Appeals uphold a decision by the Nevada District Court in July 2011 to allow the RRG to continue operating, despite the state's efforts to shut it down.

In the wake of the first congressional testimony of Michael McRaith, director of the new Federal Insurance Office, officials of the National Association of Mutual Insurance Companies say he appears to have an understanding of the role the new agency is to fulfill.