News

In steps to bolster the Citizens Property Insurance Company the lawmakers approved a $715 million appropriation to offset the insurer's 2005 deficit. That action would reduce the 11 percent premium as

LAHAINA, HAWAII--Wholesale agents are missing a huge opportunity by failing to properly market professional liability coverage to retail agents, a knowledgeable executive advised an industry conference

One measure would allow greater access to the Florida Insurance Catastrophe Fund for so-called limited apportionment companies (LACs) with $25 million in surplus or less. It enables them to buy a $10

Changes allowing insurers to hike or cut rates without prior regulatory approval within set limits were incorporated in an omnibus property insurance reform bill approved Friday night in the closing h

A New Jersey lawmaker said yesterday he plans to introduce legislation in response to a complaint by insurance agents that GEICO has made an improper arrangement with the state turnpike authority to m

Mr. Thorpe said there are several precedents for classifying storm surge as flood, supporting the position of the property-casualty insurance industry that such damage is not covered under flood