E&S/Specialty

House Majority Leader Rep. Eric Cantor will need more time to marshall votes for a bill that would alter scheduled NFIP rate hikes as he contends with a flood issue that is causing a divide among traditional allies.

QBE Insurance Group, Australia's biggest insurer by premium income, posted an annual net loss of $254 million as its North American arm experienced a significant increase in claims and writedowns.

The uproar over actuarial rates on flood-insurance policyholders through a 2012 law appears to be on its way to resolution in the short-term, and this is not a moment too soon for a beleaguered property and casualty insurance industry.

The uproar over actuarial rates on flood-insurance policyholders through a 2012 law appears to be on its way to resolution in the short-term, and this is not a moment too soon for a beleaguered property and casualty insurance industry.

The House Republican leadership is acting after Republicans in vulnerable states like Florida opposed the initial policy of stonewalling a Senate NFIP bill and threatened to force a vote on that legislation.

The House Republican leadership is acting after Republicans in vulnerable states like Florida opposed the initial policy of stonewalling a Senate NFIP bill and threatened to force a vote on that legislation.