News

Attorneys may be setting their sights on agents who fail to advise customers to buy cyber coverage, as well as those who fail to protect customers’ personally information, a consultant warns, also providing tips for protecting the information and insurance coverage options.

For the first time, customer satisfaction with price is higher with those who have separate auto and homeowners’ insurance policies versus customers with both policies under the same insurer.

The New York Court of Appeals ruled that a group of banks can go ahead with their lawsuit against MBIA, which questions the validity of the break-up of the insurer.

As Congress works under imminent deadline to deal with the future of the critical National Flood Insurance Program (NFIP), it is getting conflicting advice as to how it should move to shore up the program, with the Write-Your-Own (WYO) program getting particular attention.

Consumer advocates are questioning whether the Treasury Department should include an actuary as a member of the proposed Federal Advisory Committee on Insurance (FACI), citing a potential conflict of interest, among other concerns.

Companies continue to report the impact of second-quarter catastrophes, with Bermuda-based Arch Capital Group Ltd. saying it expects losses of between $90 million and $110 million, of which 15 percent is updated first-quarter loss estimates.