Commercial Lines

The details of the fine print of a merger agreement—or a D&O liability insurance policy—can be daunting. But when Southwest Airlines closed its $1 billion-plus deal to buy AirTran two weeks ago, it did so knowing that language of a tail-coverage endorsement it bought for AirTran's directors and officers would...

Industry officials today lauded the decision of the House Financial Services Committee to report out legislation reauthorizing the National Flood Insurance Program, noting that the panel was acting against the background of historic flooding in the Mississippi Valley area.

The House Financial Services Committee reported to the House floor legislation reauthorizing the National Flood Insurance Program for five years. The vote was unanimous.

A 5.3 magnitude earthquake has struck Spain about 218 miles south-southeast of Madrid, causing several deaths and toppling buildings, according to the U.S. Geological Survey.

Evidence that catastrophe models may not be as accurate as some carriers might expect has one insurance broker cautioning insurers that they need to examine their loss estimates more closely.

Using his firm's scoring method to gauge insurers' financial strength, ALIRT Principal David Paul notes that specialty-insurer composite scores are less volatile than composites for the entire commercial-insurance industry over the long term.