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The Senate approved legislation Sept. 26 that includes a provision keeping the National Flood Insurance Program (NFIP) in business, at least through Nov. 18.
Inland-marine insurers are faced with a thinning and aging talent pool in a line of insurance that requires highly specialized industry and insurance knowledge, according to a recent Conning Research & Consulting report.
Insurance-company chief financial officers say current market conditions will result in increased mergers and acquisitions, according to data from a Towers Watson survey.
U.S. insurers continue to release information on 2011 weather-related losses, with State Farm saying it has paid policyholders $5 billion so far during the year.
While some agencies have only recently come to embrace the idea of being a risk consultant for their clients, the concept is nothing new for the agency Parker, Smith & Feek.
Increased access to markets and being connected to a national company are just a few of the benefits the chief executives of Nationwide Mutual Insurance and Harleysville Mutual Insurance say the combination of the two companies will bring to independent agents.
Chubb Corp. says it estimates pretax losses of between $400 million and $475 million from catastrophes in the third quarter due to nine events in the United States.
Chubb Corp. says it estimates pretax losses of between $400 million and $475 million from catastrophes in the third quarter due to nine events in the United States.
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