New York Governor Andrew Cuomo imposes emergency regulations on insurers to speed the processing of Sandy claims, but an industry representative calls the rules "heavy handed" and says no other states have seen fit to take similar actions.

This newest round of take-outs approved by the state Office of Insurance Regulation is in addition to 310,000 policies the office has approved for depopulation in November and December.

This newest round of take-outs approved by the state Office of Insurance Regulation is in addition to 310,000 policies the office has approved for depopulation in November and December.

The U.S. property practice leader for broker Marsh says Superstorm Sandy will likely drive rate increases as the Jan. 1 renewal season approaches.

Allstate Corp. says it expects $1.08 billion in pretax catastrophe losses for the month of October, primarily due to Superstorm Sandy.

Property & casualty insurers have long valued the ability to save a few bucks through the efficient handling of claims, yet despite what many viewed as a core competency, investment in new claims technology usually came after other technology improvements were made.

Property & casualty insurers have long valued the ability to save a few bucks through the efficient handling of claims, yet despite what many viewed as a core competency, investment in new claims technology usually came after other technology improvements were made.

Arizona Governor Jan Brewer said on Wednesday she was rejecting a major provision of President Barack Obama's healthcare reform law that calls for creating state-based health insurance markets where consumers can purchase private, federally subsidized coverage.