News

The disaster following the tsunami that hit the Fukushima Daiichi nuclear power plant in Japan should not create a reduction in insurance capacity for such plants, but it is too early to know if the incident will result in increased pricing, according to JLT Global Nuclear Practice Group.

Another chapter has closed on the contingent commission kickback saga with an agreement reached between nine insurers and insurance brokers and clients who alleged the industry tried to manipulate the business.

Another chapter has closed on the contingent commission kickback saga with an agreement reached between nine insurers and insurance brokers and clients who alleged the industry tried to manipulate the business.

State Farm has been denied an average statewide 14.3 percent homeowners rate increase in Louisiana.

NetMap for Claims and NetMap for ClaimSearch, technology used to aid in discovering insurance claim fraud, have been enhanced by ISO.

U.S. Senators Barbara Boxer and Dianne Feinstein have introduced a bill that would authorize the U.S. Department of the Treasury to guarantee up to $5 billion in bonds available to certified public entities like the California Earthquake Authority following a “mega-catastrophe.”