News

The National Flood Insurance Program has expired and been shut down after a lone senator blocked omnibus legislation that included renewal of NFIP.

Windstorm Xynthia swept across Western Europe over the weekend, causing damage that was widespread but less than the 1999 Storm Lothar catastrophe, according to Risk Management Solutions (RMS).

After last week's health care summit, President Obama and his fellow Democrats have no choice but to go it alone and pass a reform bill, no matter how bad it might be, says NU Editor In Chief Sam Friedman on his blog at www.NUSamSoapBox.com.

Florida Insurance Consumer Advocate Sean Shaw today delivered a report to legislative leadership detailing the recommendations he collected from two property insurance roundtables.

Property and casualty insurers are seeing rising loss costs, increased levels of litigation and higher rates of fraudulent claims because of the struggling economy, a recent survey revealed.

Legislation repealing the antitrust exemption afforded health insurers through the McCarran-Ferguson Act, but keeping the shield intact for medical malpractice carriers, was approved overwhelmingly last week by the U.S. House of Representatives.