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The National Association of Mutual Insurance Companies is asking the Senate to resist calls to delay or rescind scheduled flood insurance rate increases, arguing that the rates must adequately reflect the risks.
The National Association of Mutual Insurance Companies is asking the Senate to resist calls to delay or rescind scheduled flood insurance rate increases, arguing that the rates must adequately reflect the risks.
New legislation passed by the New York Assemblyand moving towards the Senatemay change the way storm claims are processed in the state, possibly forcing insurers to cover flood damage from the next storm.
The European Union is close to finalising a deal on how insurance companies will hold enough capital to keep policyholders safe which will severely water down the version sought by industry regulators.
The European Union is close to finalising a deal on how insurance companies will hold enough capital to keep policyholders safe which will severely water down the version sought by industry regulators.
A total pollution exclusion endorsement in a commercial general liability insurance policy negated an insurance carriers obligation to defend or indemnify a contractor in a Chinese drywall case.
In auto insurance, the direct model is winning, the value of independent agents is diminishing and the proof is in an examination of the continued rise of Geicothe only major pure direct modelversus challenges at Progressive Corp. due to a legacy agency business, according to an analysis released today.
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