Florida has offered primary insurers below-cost reinsurance and mandated that they reduce rates to reflect this. Insurers say if there is a major catastrophe, taxpayers will be stuck because the progr

"Another terror attack can come at any time, anywhere [in the United States], and the loss could cripple the American insurance industry," he said here during the Independent Insurance Agents and

Guidewire Software announced the launch of Guidewire BillingCenter 1.0, a comprehensive billing system for all lines of property/casualty insurance. BillingCenter is a Web-based system of record

The survey results point to dramatic premium drops in some parts of the United States, said the Washington-based Council of Insurance Agents and Brokers, in releasing its latest report on commercial

Still, capacity for high-profile markets and properties remains scarce, Aon

Insurance company trade groups are butting heads over what provisions should be part of legislation to extend the federal government's reinsurance backstop for high-level terrorism losses, with the

A Nationwide representative, Joe Case, said in an e-mail that the group and all their clients "have settled all of the clients' claims against Nationwide relating to Hurricane Katrina. The terms of

No terms were disclosed, but Fraser Engerman, the State Farm spokesperson said, "We're pleased that we have reached this tentative settlement, which will avoid lengthy and expensive litigation for