Just before taking a month-long recess, the House once again opted not to act on legislation that would add windstorm coverage to the National Flood Insurance Program.

While a bid to add wind coverage to federal flood insurance has stalled in Congress, a southern senator is pitching a compromise bill that seeks to bridge the gap over wind-vs.-water damage claims.

Claims never seem to be routine when animals are involved. As insurance professionals told us, animals complicate matters by chewing, devouring, stomping, or even just lying motionless.

Montpelier Re reported 2010 second-quarter net income down 57 percent, resulting from a sharp drop in net unrealized investment gains compared to the 2009 second quarter, but the company's operating income grew compared to a year ago.

The House leadership pulled a bill off of the floor before a vote could be taken on legislation that would add windstorm coverage to the National Flood Insurance Program (NFIP).

The second named storm of the Atlantic Hurricane Season is expected to graze southern Florida before making landfall in Louisiana/Mississippi Sunday, according to catastrophe modeler Risk Management Services.

Recent concerns over public entities' credit quality is not expected to materially impact U.S. property and casualty insurers' capital position, despite the insurers' heavy investments in municipal bonds, Fitch said.

While property and casualty premium growth is expected for 2010, it will likely lag real gross domestic product growth rate as commercial lines pricing continues to show softness, according to a new Conning Research & Consulting analysis.