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The Citizens Property Casualty Insurance Corp. board acted after Florida Chief Financial Officer Tom Gallagher wrote them last week warning there was "no viable [builder's risk] private-sector coverag
"We are particularly pleased that HR 5637 in several instances provides that the state with the predominant regulatory interest will have priority over the conflicting laws and procedures of other sta
BOSTON--Property-casualty insurance industry representatives told state lawmakers yesterday they have confidentiality concerns about the National Conference of Insurance Legislators' proposed market co
The Council of Insurance Agents & Brokers, based in Washington, D.C., released its quarterly survey of brokers, which found that, overall, the insurance market remains soft, but respondents said catas
Filed in Sacramento Superior Court, the insurer groups' suit seeking a temporary restraining order was brought on behalf of the Association of California Insurance Companies, the American Insurance As
Moody's cautioned that profitability will differ by class and by syndicate subject to pressures to diversify in noncatastrophe lines of business. It further warned that a major catastrophe could have
While many meteorologists have determined this hurricane season will be active--with the Tropical Meteorology Project projecting the chances of a massive hurricane reaching the U.S. coast to be around
Winston-Salem, N.C.-based bank BB&T said revenue from its insurance operations, which include wholesale broker CRC Insurance Services, increased by 17.9 percent in the second quarter over the same per
The defendant, Nationwide Mutual Insurance Company, Columbus, Ohio, in making its case, argued that flooding from storm surge caused the destruction of Paul and Julie Leonard's home in Pascagoula, Mis
Analysts and investors reacted positively today in the wake of Allstate Corp.'s report that second-quarter net income increased by 5 percent and growth remained strong as the company continued to shed
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