News

The official start date of the Atlantic hurricane season was June 1, but no flood policies have been issued or renewed because the National Flood Insurance Program has expired, said two insurance groups, calling for a long term extension of the program.

AIR Worldwide's latest U.S. hurricane model, Version 12.0, has been approved and certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM).

Given the pressure to scale back and increase the bottom line, it is more crucial than ever for insurance carriers to maximize subrogation recoveries. Two key strategies will enable carriers to move out of the red ink and into profitability.

While employers and employment practices liability insurers are currently preoccupied with fears over wage-and-hour claims,

PRIMA's outgoing president, Ron Hays, lives and works in Louisiana and has a lot to lose from the oil spill disaster. He spoke about it at their annual conference in Orlando, Fla. Find out more at www.NoRiskZone.com .

Proposed legislation denying tax deductions for reinsurance premiums paid to offshore affiliates will likely pass through Congress, a Bermuda executive predicted here yesterday, but he criticized the measure as a restriction of free trade.