A line of severe storms ripped through the Midwest yesterday causing severe damage from Oklahoma into Illinois and leaving four dead, according to reports.
Industry leaders are proud of the way insurers handled and absorbed 2011s huge catastrophe losses, but what if this level of disaster claims becomes the new normal?
Industry leaders are proud of the way insurers handled and absorbed 2011s huge catastrophe losses, but what if this level of disaster claims becomes the new normal?
John M. Huff, director of the Missouri Department of Insurance, said he was proud of the response of insurance companies in the wake of the Joplin tornado last year.
John M. Huff, director of the Missouri Department of Insurance, said he was proud of the response of insurance companies in the wake of the Joplin tornado last year.
Missouri regulators have cautioned that some insurers will need to extend rebuild deadlines in order to avoid bad-faith accusations and possible legal action.