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WASHINGTON--Over time, the deficit in the National Flood Insurance Program can be expected to grow by $900 million annually because the program was designed to be subsidized, according to a new Congres
BearingPoint, a management and technology consulting firm, and Guidewire Software, a solutions provider for the insurance industry, announced their cooperation to approach jointly the insurance
Under the bill, the home state regulator would also be responsible for allocating any taxes collected on the coverage to the other involved states. The legislation makes it easier for sophisticated
Under the bill, the home state regulator would also be responsible for allocating any taxes collected on the coverage to the other involved states. The legislation makes it easier for sophisticated pu
LAS VEGAS--While insurers rely on risk models to predict their loss exposure, models can also be used to establish reserves after the claim and examine the variables that can reduce the cost, two actua
A Louisiana federal judge who stunned carriers last year by finding that many of their policy flood damage exclusions do not hold water, appears to have seen the law differently in 2005, according to
A hurricane modeling firm--once criticized for creating a flawed storm-loss scenario that insurers used to hike coastal property rates--said a revised model has now been approved by Florida authoritie
Hiscox said it will use internal resources for the purchase and will acquire net tangible assets of $45 million. Closing is expected in July. Altoha is described as a privately held group owned by var
The bill, which now goes to the State Senate, could increase auto insurance premiums 30-to-50 percent by dramatically raising the state's minimum insurance limits, according to the Property Casualty I
U.S. Re Corp. reinsurance broker Brian McGuire told a Bank of America equity research conference call Friday that the figure does not take into account the fact that reinsurers are offering coverage t
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