News

As Rep. Gene Taylor, D-Miss., continues to lobby the House for his bill adding wind to the National Flood Insurance Program (NFIP), another bill in the Senate seeks a compromise to settle the "wind vs. water" issue.

The Federal Reserve Board is seeking nominations for appointments to a council that may influence how the Fed sets up the Consumer Financial Protection Bureau.

Renaissance Re reported a 23 percent drop in 2010 second-quarter net income available to common shareholders compared to a year ago as the company experienced a decline in both net investment income and premiums written.

As part of an agreement with California regulators, an automobile insurance subsidiary of the Los Angeles-based Farmers Insurance Group said about one-third of its customers

Summer means it's time for another hurricane season.

Florida's insurance consumer advocate told regulators Allstate's Castle Key subsidiaries do not need the double-digit rate increases they are asking the state to approve.