Personal Lines

A former administrator of the National Flood Insurance Program says he does not believe State Farm committed fraud while adjusting claims after Hurricane Katrina in 2005.

The impact of newer, actuarially sound National Flood Insurance Program rates will mostly be felt by lower- and moderate-income homeowners, and the new rates will not pay off the programs debts, a FEMA official said today.

The impact of newer, actuarially sound National Flood Insurance Program rates will mostly be felt by lower- and moderate-income homeowners, and the new rates will not pay off the programs debts, a FEMA official said today.

This year could see fewer tropical systems gaining hurricane strength than in 2012, but a greater number of storms might intensify to Category 3 or higher, according to a recent forecast.

Florida Citizens Property Insurance Corp. is going back to offering some coverage it had recently pulled back on to reduce exposure.

The Hanover Insurance Group is sponsoring the Naismith Memorial Basketball Hall of Fames 2013 Class Announcement, the second time the property and casualty insurer has been involved with the sports award.