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While winter weather pelted the U.S. heartland in December causing millions of dollars in damage and close to 30 deaths, the Philippines suffered from Super Typhoon Bopha, which struck the island of Mindanao taking close to 2,000 lives, says Aon Benfield.
Insurance industry officials are voicing strong support for the legislation signed into law Sunday by President Obama that raised the borrowing authority for the National Flood Insurance Program by one-third.
The political and financial fallout from Superstorm Sandy will continue despite President Obama signing legislation on Sunday that will allow the National Flood Insurance Program to continue to pay claims.
American International Group President and CEO Robert Benmosche fired back at The New York Times in response to a Dec. 24 editorial the paper ran on whether the circumstances surrounding the 2008 bailout of the insurance giant could ever happen again.
Congress passed and sent to President Obama for signature today legislation that increases the borrowing authority for the National Flood Insurance Program by one-third.
Reinsurance pricing at Jan. 1 2013 was generally stable, with only loss-affected lines and regions experiencing volatility, according to a Guy Carpenter report.
OneBeacon Insurance Group says it has finalized the sale of subsidiary Essentia Insurance Co.a provider of collector car and boat insurance through Hagerty Insurance Agencyto Markel Corp.
U.S. officials on Thursday gave four states currently governed by Republicans the green light to set up their own health insurance exchanges under President Barack Obama's healthcare reform law, an initiative largely opposed by Republicans.
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