Commercial Lines

Legislation reauthorizing the National Flood Insurance Program until Sept. 30, 2016 was reported to the Senate floor today by the Senate Banking Committee.

Aon Benfields catastrophe model development center, Impact Forecasting, estimates U.S. insured losses from Hurricane Irene of between $1.6 billion and $6.6 billion.

Investors continue to show faith in the insurance-linked securities market despite a series of catastrophe losses that caused interruption in growth of the catastrophe bond market this year, industry analysts say.

Investors continue to show faith in the insurance-linked securities market despite a series of catastrophe losses that caused interruption in growth of the catastrophe bond market this year, industry analysts say.

Typhoon Talas could cost insurers as much as $600 million as officials search for victims of the weekend storm that slammed into western Japan and claimed more than 50 lives.

A Mississippi senator withdrew his amendment to flood-insurance reauthorization legislation that would have terminated the Terrorism Risk Insurance Act in 2013, a year earlier than authorized in 2007 legislation.