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Louisiana Citizens Property Insurance Corp. has reached a $23 million settlement in a class-action lawsuit over the reimbursement of contractor overhead and profit following Hurricanes Katrina and Rita.
A nonprofit organization in support of the Homeowners Defense Act is using the anniversary of Hurricane Katrina to remind lawmakers the country is no better off today.
The San Andreas fault has rumbled much more frequently over the last 700 years than commonly believed, and the next major earthquake could happen soon, researchers have found.
Tropical Storm Danielle has become the fourth named storm of the Atlantic hurricane season, and will likely become a hurricane over the next 24 hours, according to the National Hurricane Center (NHC).
When rating property and casualty insurance and reinsurance companies globally, stress-testing is applied to evaluate the resiliency of (re)insurers' credit profiles, Moody's Investors Service said in a report.
American International Group said it has reached another milestone in its efforts to become independent of federal financial support, repaying the Federal Reserve Bank of New York almost $4 billion.
Florida Insurance Commissioner Kevin McCarty would like to begin surveying the state's insurance companies to get a grasp of one of the largest non-catastrophe cost drivers in Florida: sinkhole claims.
Plaintiffs' lawyers criticized the Gulf oil spill claims facility, stating that the rules for emergency payments through the facility limit the future liability of companies deemed responsible for the disaster.
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