Check out breaking insurance news from our companion site, PropertyCasualty360.com - where agents, brokers, insurers and claims professionals have access to news, research and data, product info, compliance and legal updates, technology developments, industry trends, and more.
Thomas E. Hampton, D.C commissioner of Insurance, Securities and Banking, predicted in a statement: "The establishment of a regulatory scheme for securitizing insurance risks in a captive and the amen
Calera Capital, formerly Fremont Partners, and TPG Capital, formerly Texas Pacific Group, announced the completion of the acquisition of Direct General Corporation by an affiliate of Calera and TPG in
Mr. Supple noted that Mr. Lott still has the option to settle his suit as part of an agreement with his lawyers, the Scruggs law firm in Gulfport, Miss., to settle a class-action lawsuit involving 640
American Insurance Association said they expect he will sign the measure (HB 753), which the organization believes has the potential to substantially reduce the threat of natural catastrophe losses to
o Significant participation in the catastrophe reinsurance business from nontraditional players such as hedge funds, high-net-worth individuals, institutional money managers and the asset-backed secur
The controversy stems from a letter the CFA sent to Congress asking it to bar insurance companies involved in the "write your own" flood coverage program from using "anticoncurrent causation" clauses
Reducing the risk from hurricane loss through government and private building initiatives would be far more effective in mitigating losses than government insurance programs, according to an industry
The National Association of Professional Surplus Lines Offices, Ltd. in Kansas City, Mo., said its poll of wholesaler broker and MGA members found only 11 percent used in-house systems for agency mana
State Chief Financial Officer Alex Sink announced that 10 mitigation grants totaling almost $30,000 have been mailed to Florida homeowners from five counties who hardened their homes against hurricane
A risk retention group executive has submitted testimony to a congressional panel calling for an expansion of the federal law governing risk retention groups, allowing them to offer property and comme
Get Answers Directly From the FC&S Experts
Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.
FC&S Coverage Insider helps you stay on top of what's happening in the industry, bringing you the latest risk and coverage analyses, discussions, and more.