Insurance industry trade groups, in advance of a hearing by the New York Assembly Standing Committee on Insurance, complained that assessments on carriers are unfair and being inappropriately allocated.
The latest government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their residents.
A federal court ruling holding the Army Corps of Engineers liable for damage in New Orleans caused by Hurricane Katrina is unlikely to have much effect on the property and casualty industry.
The latest government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their inhabitants.
A bill introduced in the U.S. House of Representatives would prohibit carriers from canceling or non-renewing homeowners insurance policies with houses containing Chinese drywall.
The National Association of Insurance Commissioners says it will keep secret the names of bidders competing for a contract to assess the disputed value of insurers' mortgage-backed securities.
The latest government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their residents.
The National Association of Insurance Commissioners has posted a discussion draft outlining the economic assumptions regulators will use to reevaluate residential mortgage backed securities.
New York State Insurance Superintendent James Wrynn has proposed regulatory changes to help combat phony auto injury claims that plague the state's no-fault system.
The Consumer Product Safety Commission defended a study it commissioned on Chinese drywall after a chemical trade group criticized one of its findings related to the presence of formaldehyde.