News

In Flood Victims Getting Fed Up With Congress, a Sept. 25 front-page article in the New York Times, people who lost their homes in Pennsylvania because of recent flooding of the Susquehanna River voiced indignation that emergency aid from the government was being held up by the budget battles raging...

The Senate approved legislation Sept. 26 that includes a provision keeping the National Flood Insurance Program (NFIP) in business, at least through Nov. 18.

Inland-marine insurers are faced with a thinning and aging talent pool in a line of insurance that requires highly specialized industry and insurance knowledge, according to a recent Conning Research & Consulting report.

Insurance-company chief financial officers say current market conditions will result in increased mergers and acquisitions, according to data from a Towers Watson survey.

U.S. insurers continue to release information on 2011 weather-related losses, with State Farm saying it has paid policyholders $5 billion so far during the year.

While some agencies have only recently come to embrace the idea of being a risk consultant for their clients, the concept is nothing new for the agency Parker, Smith & Feek.