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Had Japan been more fully insured for earthquakes, 2011 would have set a record for insured catastrophe losses. As it stands, 2011 will see approximately $108 billion in insured manmade and natural catastrophe losses, second only to 2005, when insured catastrophe losses reached $123 billion, according to a Swiss Re...
The House last night passed a five-year National Flood Insurance Program extension as part of a larger, controversial bill extending some tax cuts while also seeking budget cuts.
The House last night passed a five-year National Flood Insurance Program extension as part of a larger, controversial bill extending some tax cuts while also seeking budget cuts.
The Federal Deposit Insurance Company has proposed a rule clarifying that a mutual insurance holding company qualifies as an insurance company under the Dodd-Frank act, and thus is not subject to the FDICs orderly liquidation authority.
The Federal Deposit Insurance Company has proposed a rule clarifying that a mutual insurance holding company qualifies as an insurance company under the Dodd-Frank act, and thus is not subject to the FDICs orderly liquidation authority.
Global specialty insurer Torus says it is entering the surety market with the acquisition of First Sealord Surety Inc., and the subsequent launch of Torus Surety.
Global specialty insurer Torus says it is entering the surety market with the acquisition of First Sealord Surety Inc., and the subsequent launch of Torus Surety.
After reviewing a fatal accident that occurred more than a year ago, the National Transportation Safety Board (NTSB) is calling for a nationwide ban on the non-emergency use of personal-electronic devices while driving.
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