Personal Lines

Just how big is the Classic & Collectible Car niche? No one is quite sure, with estimates of annual premium ranging from $500 million to $2 billionalthough the majority of industry experts feel $1 billion is a pretty accurate estimate.

Its not only carriers with a focus on high-net-worth clients and classic-car managing general agents that cater to this niche of business; the auto-insurance giants are players as well.

Although many collector cars are of the type that call out for pedal-to-the-metal speedsFerraris, Lamborghinis, Maseratisinsurers are, not surprisingly, touchy about these six-, seven- and even eight-figure vehicles competing on the racetrack.

The Florida House Economic Affairs Committee has advanced legislation to reform the states no-fault, personal injury protection program.

The Florida House Economic Affairs Committee has advanced legislation to reform the states no-fault, personal injury protection program.

A report from the Consumer Federation of America critical of the homeowners-insurance marketplace raises some good points, but is based on erroneous data, says an industry consultant.

Sovereign wealth funds could yet turn out to be a terrific alternative source of capital for primary insurers and reinsurers around the globe.

Desperate to shrink its dangerously overexposed state-run insurer, Florida is floating legislation to allow eligible surplus-lines insurers to take policies from Citizens Property Insurance Corp., the states ostensible last-resort insurer.