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By Ben Berkowitz, Reuters |
April 19, 2012
Property insurer Travelers Cos Inc blew past Wall Street earnings estimates for the first quarter and raised its dividend 12 percent as natural disaster losses declined and insurance rates continued to rise after years of weakness.
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By Matt Stroud, Reuters |
April 10, 2012
As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their financial liabilities.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 20, 2012
Risk managers are not confident that the loss-of-earnings trigger for business-interruption coverage is clearly explained to them, and many feel that the products that are available do not adequately cover their risks.
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By ALAN SAYRE, AP BUSINESS WRITER |
March 9, 2012
A judge has removed another legal hurdle for policyholders of Louisiana Citizens Property Insurance Corp. trying to collect more than $100 million for the company's failure to handle claims quickly enough following the 2005 hurricanes.
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By Chad Hemenway, PropertyCasualty360.com |
March 7, 2012
Lawmakers in Florida gave up on a bill industry experts say would have at least given homeowners another insurance option.
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By Brent Kallestad, Associated Press |
March 6, 2012
In Florida, three major insurance bills are awaiting action in the final four days of the 2012 legislative session, including one that is a priority of Gov. Rick Scott.
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By Associated Press |
January 31, 2012
A judge Monday stopped attorneys trying to seize bank accounts of Louisiana's property insurer of last resort to collect more than $100 million they won for homeowners who claimed the company dragged its heels in adjusting hurricane claims in 2005.
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By Chad Hemenway, PropertyCasualty360.com |
January 23, 2012
The insurance industry in Florida has a new ally as it pushes for reforms to Citizens Property Insurance Corp.: the man who helped launch the last-resort insurer.
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By Brent Kallestad, Associated Press |
December 1, 2011
Citizens Property Insurance Corp. plans to eliminate homeowners coverage on roughly 7,500 coastal homes valued at $2 million or more and reduce the amount of homeowner liability coverage in a measure designed to reduce the size of the state-backed insurer and corresponding risk to Florida taxpayers.
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By Chad Hemenway, PropertyCasualty360.com |
November 18, 2011
Leadership in Florida seems committed to shrinking the size of the state’s exposures to a major hurricane, says Robert Hartwig, president of the Insurance Information Institute.
