News

Congress' failure to reauthorize the National Flood Insurance Program is hurting real estate markets and consumers and may cost taxpayers billions, trade groups have warned federal lawmakers.

PERILS AG, the European insurance industry database combine, said its initial estimate of the property insurance loss for Windstorm Xynthia is EUR1.28 billion ($1.74 billion).

The U.S. Supreme Court has opened the door for plaintiffs to file more class-action lawsuits in a case involving Allstate Insurance Company, ruling that some litigation barred by state law can be brought in federal courts.

Commercial insurance buyers are likely to enjoy another year of favorable pricing, according to a new report from Advisen, although the monthly "Market Barometer" survey indicates that rate cuts in certain key lines are either flat or moderating.

How do you match stone, brick, or roof tiles that are no longer being manufactured? The author takes us through the tricky process of restoring and repairing stonework, listing alternatives to costly removal and re-bricking.

The Professional Insurance Agents of New York State Inc. said Richard J. Zick will receive the organization's 2010 Long Island Regional Awareness Program Executive of the Year Award.