Commercial Lines

The Federal Emergency Management Agency today asked Congress to support a two-year reauthorization of the existing National Flood Insurance Program as the clock continues to wind down on the current authorization, which expires May 31.

The Federal Emergency Management Agency today asked Congress to support a two-year reauthorization of the existing National Flood Insurance Program as the clock continues to wind down on the current authorization, which expires May 31.

Summing up the insurance market for upstream and downstream energy risks, a recent Willis report says a fragile stability is prevailing where pricing is flat to slightly up. But Willis says factors such as overall market hardening and the ongoing Euro crisis could create a more challenging market for buyers.

Mortgage insurer MGIC Investment Corp posted a narrower first-quarter loss as the housing market shows signs of improvement and fewer Americans struggle with their mortgage payments.

Mortgage insurer MGIC Investment Corp posted a narrower first-quarter loss as the housing market shows signs of improvement and fewer Americans struggle with their mortgage payments.

Three subjects appeared to be most prominent in discussions between executives and risk managers in Philadelphia at this years Risk and Insurance Management Society meeting: price, business interruption and cyber risk.