News

Weather Services International (WSI) has increased the number of intense hurricanes expected for the remainder of 2010.

Residents in Minnesota, South Dakota and Wisconsin have dealt with a weekend of flooding as there was much concern earlier today that a levee could break along the Wisconsin River.

A flood caused by an act of negligence, even if the negligence only exacerbated the flooding, may present a recovery opportunity. Read how to identify the real cause of flooding and handle subrogation claims proficiently.

Backing out of the terrorism reinsurance business would be a really bad idea for the financial security of private businesses and the health of the overall U.S. economy, p&c industry leaders warned.

The U.S. Senate last week unanimously voted to extend the current National Flood Insurance Program for one year--until Sept. 30, 2011--with industry trade group officials lauding the development and urging the House to also act promptly.

AIG still relies largely on government funding for capital and liquidity, and "most observers" expect that the AIG Investment Program will generate "significant losses" to U.S. taxpayers.