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With April designated as Community Banking Month, agents and brokers should seize the opportunity to ensure that their community banking customers carry the broad coverage needed to confront today’s emerging liability risks and weather any economic storm.
A Florida bill meant to restore Citizens Property Insurance Corp. as the state’s last-resort insurer has stalled in the Senate Banking Committee.
While underwriters have tried to hold the line on premiums, capacity is high and their resolve has shown some “cracks,” says Advisen’s executive vice president.
Insurance groups again made their case during a New York legislative hearing for reforms to the state's no-fault system, which the groups say is riddled with fraud and costs citizens hundreds of millions of dollars a year.
The recent increase in share-repurchase programs among U.S. property and casualty insurers is manageable and unlikely to jeopardize the companies’ capital positions, according to Moody’s Investors Service.
William R. Berkley, chairman and CEO of W.R. Berkley Corp., says the company isn’t planning any celebratory parties, but for the first time in about four years the commercial-lines writer can say prices during a quarter were up, albeit very slightly.
Despite support from Florida's regulator, CFO, major insurance groups and even some consumer groups, the bills to curb PIP fraud have run into a massive roadblock.
Despite support from Florida's regulator, CFO, major insurance groups and even some consumer groups, the bills to curb PIP fraud have run into a massive roadblock.
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