Personal Lines

Industry representatives and officials break down key parts of the FIO regulation modernization report.

Industry representatives and officials break down key parts of the FIO regulation modernization report.

A midsized community can reduce hail damage by up to 20% by adopting and enforcing often-overlooked building codes, says a new report by the Wharton Risk Management and Decision Processes Center.

Some industry groups contend the FIO's regulation modernization report did not go far enough in highlighting the positives of state-based regulation. Others say that was not the point of the report.

Some industry groups contend the FIO's regulation modernization report did not go far enough in highlighting the positives of state-based regulation. Others say that was not the point of the report.

Cyclone Xaver, which heralded the first week of December by sweeping devastating wind and rain across Northern Europe, may cost the insurance industry between $962 million and $1.9 billion in losses, says AIR Worldwide.