News

NAIC Pitched On New Disaster ApproachIndustry skeptical, but Allstate and two top regulators keep pushing all-perils planChicagoIndustry representatives greeted a proposal for a national ...

Florida Homeowners RatesCould Triple, Citizens WarnsHomeowners' premium prices for some Florida coastal locations in 2006 could rise by triple digits, a Florida insurance executive ...

Big Cats Force Change In Disaster ModelsNew assumptions about storm frequency and severity must be taken into accountThe extraordinary events of the last two ...

Flag: Total Hits $50.3BInsurers stand to pay out an estimated $6.1 billion in losses stemming from Hurricane Wilma, according to the Insurance Services Office ...

Final Countersignature Law Tripped UpFederal judge bars enforcement of South Dakota statute, citing new market realitiesA federal judge last week barred South Dakota from ...

Ex-Near North HeadGets 10-Year SentenceA federal judge last week sentenced Michael Segal, the former head of Chicago-based insurance brokerage firm Near North, to 10 ...

P-C Industry RemainsUnderreserved, Best SaysWhile property-casualty insurers are showing signs of continued improvement to their bottom lines, the industry is still faced with a ...

NCOIL Rethinking Market Conduct ModelLack of adoption by states sends legislators, regulators back to the drawing boardThe National Conference of Insurance Legislators has agreed ...