E&S/Specialty

Tropical Storm Isaac weakened slightly as it dumped heavy rain off Puerto Rico and the Virgin Islands on Thursday but it was expected to strengthen into a hurricane before tearing across the Dominican Republic and Haiti, U.S. forecasters said.

It was the storm no one thought, or no one remembered, could happen and it would forever change Florida's property market and the way the insurance industry does business.

It was the storm no one thought, or no one remembered, could happen and it would forever change Florida's property market and the way the insurance industry does business.

While many recent reports correctly point to lower catastrophe activity as a primary reason behind insurers improved 2012 Q2 results, the period still beat the 10-year average for cat losses, a Moodys report says.

Israel's Clal Insurance Enterprises Holdings agreed to sell its subsidiary Clal U.S. Holdings Inc for $221 million to Nebraska-based National Indemnity Co, a unit of Berkshire Hathaway Inc .

Florida Citizens Property Insurance Corp. chief executive says the state-run insurer is going to improve its mitigation inspection program while taking a clean, concise look at the organizations budget.

Florida Citizens Property Insurance Corp. chief executive says the state-run insurer is going to improve its mitigation inspection program while taking a clean, concise look at the organizations budget.

In what is being called one of the biggest insurance-related environmental coverage rulings to come out of California in decades, the states highest court says policyholders can seek recoveries up to the policy limits and can stack multiple policies on long-tail claims.