The judge found that flood damage exclusion language in policies issued by Allstate and other carriers does not "exclude water damage caused by negligent or intentional acts of man. It does not

Maine Superintendent of Insurance, Alessandro Iuppa, 53, announced today he will cut short his term and leave his appointive post Jan. 13, 2007, a few weeks after concluding his presidency with the Na

According to CDS, in virtually all years prior to 1990, the number of hail storms was significantly lower than in later years. In the years prior to 1990, the average number of hail storms per year in

Foundation Re II Ltd.--a special-purpose reinsurance company incorporated in the Cayman Islands--is providing a multi-year, collateralized reinsurance program financed through the issuance of risk-lin

But, at this point Mr. Blumenthal said he is planning on talks with the industry and further study before making a final decision on how far-reaching to make such legislation. He added that personal l

The commissioner is examining the possibility of rules that would replace the current residual market mechanism for private passenger auto insurance with an assigned risk plan known as the Massachuset

Mr. Kreidler--speaking here during the closing session of the Property Casualty Insurers Association of America's annual meeting--said he was in favor of a proportional voting system for more populous

Brokers split over staying power of new reinsurance players like Goldman