News

The National Weather Service finally got around to naming a storm after NU Editor In Chief Sam Friedman, who ponders the consequences of getting hit by what would be the 18th cat event of 2009 on his blog today at www.NUSamSoapbox.com.

An insurance industry official told a congressional panel that lawmakers must be careful to ensure any expanded federal insurance does not artificially suppress rates or crowd out private carriers.

Key Senate Democrats unveiled a "public plan" option for health care reform that would be administered by the Department of Health and Human Services, which would negotiate rates and premiums.

A longtime Allstate agent and veteran of the Florida House of Representatives has announced his candidacy for Florida chief financial officer in a race likely to see some focus on the state's fractured insurance market.

Florida's insurance commissioner has released a letter detailing how, despite hurricane concerns, carriers are continuing in the state insurance market, raising capital and forming new companies.

Bermuda insurance and reinsurance markets face challenges this year after a difficult 2008, but high-quality investment portfolios and strong enterprise risk management capabilities should help soften the blow, a new study said.