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In a breakthrough, the House Republican leadership has agreed to allow a vote on modifying flood insurance rate hikes imposed by a 2012 law. The preferred House bill would limit rate increases to no more than 15% annually.
An appellate court in California ruled two people who protect the feral cat population at a college were not entitled to a defense under their homeowners insurance policy in a lawsuit that alleged invasion of privacy, stalking, intentional infliction of emotional distress and assault.
Zurich Insurance missed profit expectations in the fourth quarter due to restructuring charges, and said the total cost of an overhaul of its business would be about $600 million - the upper end of its forecast range.
A sinkhole collapsed within the National Corvette Museum in Bowling Green, Ky., this morning, damaging eight Corvettes, including two on loan from General Motors, the museum reports.
Property and casualty insurers and agents and brokers led the way for insurance-industry employment gains in December 2013, although the figures for P&C carriers have been recalibrated, throwing off some of the historical employment figures reported in 2013.
Floods and powerful storms pounding the U.K. the past few months could cost the insurance industry at least 500 million pounds, and that figure may double if the weather conditions persist.
Last year, rings filed by claimants produced a RCV of $64.8 million. Still a category leader in burglary claims, jewelry costs insurers a pretty penny.
Last year, rings filed by claimants produced a RCV of $64.8 million. Still a category leader in burglary claims, jewelry costs insurers a pretty penny.
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