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Last year's surety business results are expected to be the best in five years, with a 32 percent loss ratio, some 39 points better than 2004, and the industry should remain profitable this year, accor
Donald Powell, federal coordinator for Gulf Coast rebuilding, said that homes and businesses in high damage areas would need one-to-three feet of elevation to meet federal standards and reduce flood r
He said the model changes to be released May 19 should also result in commercial vulnerability curves of about 30 percent and include loss amplification factors such as building supply demand surge an
The Personal Insurance Federation of California and the American Insurance Association also said at a California Insurance Department hearing yesterday in San Francisco that the measures would force i
The decision Tuesday by U.S. District Court Judge L.T. Senter Jr. in Gulfport, Miss. is the latest in the case brought by Elmer and Alexa Buente, who are contesting Allstate Property Casualty's reject
The court ruling in the case of Liberty Mutual Insurance Co. vs. Land found it only takes a "preponderance of the evidence" and reversed a lower court decision that required proof of fraud by "clear a
The court ruling in the case of Liberty Mutual Insurance Co. vs. Land found it only takes a "preponderance of the evidence" and reversed a lower court decision that required proof of fraud by "clear a
"Chronic deficiencies have likely turned to redundancies for most companies and earnings in 2006 may actually receive a boost from net reserve releases rather than face a headwind from reserve additio
"Chronic deficiencies have likely turned to redundancies for most companies and earnings in 2006 may actually receive a boost from net reserve releases rather than face a headwind from reserve additio
A special review committee reported yesterday that the management of Rhode Island's state-created workers' compensation insurer was involved in a variety of abuses, including a litany of cozy deals wi
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