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More than four million U.S. residences along the Atlantic and Gulf Coasts are at risk of hurricane-driven storm-surge damage, totaling $710 billion in property exposure, says the 2012 CoreLogic Storm Surge Report.
The years of dominance enjoyed by off-shore captive domiciles may be coming to an end as more captive formations move onshore into the United States and Europe, says a report from the Insurance Information Institute.
The years of dominance enjoyed by off-shore captive domiciles may be coming to an end as more captive formations move onshore into the United States and Europe, says a report from the Insurance Information Institute.
Florida Citizens Property Insurance Corp. chief executive says the state-run insurer is going to improve its mitigation inspection program while taking a clean, concise look at the organizations budget.
Florida Citizens Property Insurance Corp. chief executive says the state-run insurer is going to improve its mitigation inspection program while taking a clean, concise look at the organizations budget.
California is turning into a battleground for technology that allows auto insurers to track their customers' driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences.
California is turning into a battleground for technology that allows auto insurers to track their customers' driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences.
QBE Insurance posted a forecast-lagging 13 percent rise in first-half net profit, hurt by one-off claims, and cut its full-year insurance profit margin forecast, knocking its shares down as much as 11 percent to two-month lows.
In what is being called one of the biggest insurance-related environmental coverage rulings to come out of California in decades, the states highest court says policyholders can seek recoveries up to the policy limits and can stack multiple policies on long-tail claims.
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