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The federal government's $6 billion cut in the crop insurance program last week received a strongly negative response from the association representing the insurers.
Chubb, FM Global and W.R. Berkley Corp. were the strongest financial performers over the last decade, according to a special report of U.S. property and casualty insurers by Fitch Ratings.
Florida domestic insurer Olympus Insurance Company has satisfied state regulators with a corrective action plan to rectify concerns about the company's solvency.
The Louisiana legislature has passed a bill that would prevent insurers from canceling or nonrenewing homeowners policies because of Chinese drywall claims.
Insurer associations and auto repair shops in Rhode Island are sparring over a bill passed by the legislature that would require independent appraisals on vehicles when damages are thought to exceed $2,500.
In its latest ForeCASTSM analysis, the National Insurance Crime Bureau (NICB) reported a significant swell in both hail loss claims and hail loss questionable claims (QCs).
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