The loss and loss adjustment expense ratio for 2006 is estimated to be 68.3 percent, the lowest in 27 years. The years 2003 through 2006 represent four of the six lowest loss and LAE ratios in the

WASHINGTON--Consumer Federation of America said the property-casualty insurance industry dramatically increased profits and surplus in recent years, in part by "systematically overcharging for insuranc

WASHINGTON--Two Florida congressmen opened the new 110th Congress late yesterday by introducing legislation that would establish a federal reinsurance catastrophic fund as a federal backstop for future

Establishing a dedicated funding source for grants to homeowners to strengthen their homes against hurricanes is one of a number of recommendations from a Florida business panel seeking to restore a p

"TWIA is considerably underfunded, and as long as we maintain the current funding mechanism, ultimately the state's financial future is at risk," said Joel Woods, PCI's assistant vice president and re

Moody's said that its ratings outlook for the financial guarantors' industry is stable for the next 12-to-18 months, but "a number of factors continue to create a challenging operating environment for

Allstate said it has stopped writing new homeowners' policies in coastal areas of Maryland and Virginia, expanding to seven the number of states in which it is limiting exposure to catastrophic losses

WASHINGTON--The Independent Insurance Agents and Brokers of America is joining other employer groups representing small business in lauding the president for signing legislation including a provision i