News

In a major setback for insurers, a federal district court judge has ruled that a state court should hear a suit brought by Mississippi officials over property-casualty insurer denials of Hurricane

The question, posed to RMS President and CEO Hemant Shah, was whether Katrina was a "tail event"--one with a low probability of occurrence, plotted at the far right or tail-end of curves, known as

The House Financial Services Committee voted last week to approve legislation that would increase the borrowing authority for the National Flood Insurance Program, as well as implement several

Katrina's lessons extend beyond modelers, to rating agencies and

CFO Gallagher calls New York bid-rigging settlement insufficient for his

In New York a spokesman for Attorney General Eliot Spitzer, whose office first surfaced charges of bid-rigging and steering between commercial insurance brokers and carriers, said regarding Zurich "th