News

State Farm says it has received more than 15,000 claims from the storms; North Carolina Farm Bureau Insurance says it is treating the aftermath the same as a hurricane.

AXIS Capital Holdings’ expected financial impact of $285 million from the March 11 Japan earthquake and tsunami headlines the latest round of loss estimates from Bermuda companies.

AXIS Capital Holdings’ expected financial impact of $285 million from the March 11 Japan earthquake and tsunami headlines the latest round of loss estimates from Bermuda companies.

The insurance industry’s interests on the Financial Stability Oversight Council (FSOC) are “inadequately represented” because of the council’s policies, the National Association of Insurance Commissioners (NAIC) told a congressional panel.

Insurance bills being mulled by the North Carolina General Assembly are “all about corporate greed,” says Insurance Commissioner Wayne Goodwin.

Insurers are beginning to size up the extent of damage left in the wake of storms that produced dozens of tornadoes that struck several Central Plains states, hail that caused damage in Texas, and strong winds and lightning in Georgia.