News

Title insurers said they will be unaffected by the recent spat of defective foreclosure paperwork that has caused some banks to halt their procedures, and Moody's said the problems will not affect earnings.

While the U.S. will "almost certainly" continue to be the prime destination for "Supercat" events--events that cause insured losses of at least $10 billion--Aon Benfield is warning insurers that Asian countries could also see such events.

Several weeks after it was approved to raise homeowners rates, Florida's last resort insurer has been given the go-ahead for rate increases for condominium associations, commercial buildings and rental properties.

A workers' compensation insurance carrier and two Wisconsin-based multi-line carriers topped the list in a survey of independent agents who were asked to evaluate the ease of doing business with companies.

Everest Re Group has announced that Joseph V. Taranto will reconsider his decision to retire, and will remain chairman and chief executive officer until Dec. 31, 2012.

The Florida Association of Insurance Agents is one of a group of nine independent insurance agents associations across the country that have formed the Agents & Brokers Education Network