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Attempts to argue that because levees failed, it was human error--not natural flooding--that destroyed thousands of homes in New Orleans after Hurricane Katrina, and therefore the standard flood exclu
While one or two industry representatives are usually quoted defending insurers in the growing pile of stories bashing carriers for mishandling Hurricane Katrina claims, their two cents doesn't buy mu
The Association of Lloyd's Brokers said it will hold a seminar next month in Chicago dealing with property and casualty market developments, trends and opportunities in Illinois and around the world,
If a Category 5 hurricane with winds exceeding 155 mph, such as Hurricane Katrina, hits Florida or parts of the East Coast, it could inflict insured losses of over $100 billion, an insurance expert wa
Bermuda-based Everest Re Group, Ltd. announced today that it has extended the contract of company Chairman and Chief Executive Officer Joseph V. Taranto until Dec. ...
A federal judge in Newark, N.J., has dismissed a massive policyholders' class-action accusing brokers and insurers of anti-trust and racketeering activity, saying plaintiff's need to show a more compl
Mr. Farmer said that many of the major provisions of the bill only partially address the uncontrolled medical costs, increased litigation and premiums that have risen almost 50 percent in the past thr
"Technology evolves quicker than most agents can keep up with, and tools like real-time transactions and comparative rating are vital to an agency's efficiency and profitability," said Diane Kattrein,
With a growing number of municipalities starting to charge service fees when you need the help of a police officer or fire fighter, insurers are understandably nervous that they will get stuck paying
Ready or not, NU Editor In Chief Sam Friedman turns 50 today, and no matter how hard he tried not to dwell on this earthshaking event, it seemed as if the world was conspiring to remind him about the
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