News

Mr. McCarty said the primary reason the company cited for the increase was higher reinsurance costs for non-Florida Hurricane Catastrophe Fund reinsurance. He said the Florida Office of Insurance Reg

Using words such as "competitive" and "stable," executives from Marsh, the insurance brokerage arm of New York-based Marsh & McLennan Companies, discussed the status of the current market and offered

With temperatures above the freezing mark after the storm, flooding became a problem. In addition, claims have come in for spoiled food and businesses that have had to shut down due to loss of electri

With temperatures above the freezing mark after the storm, flooding became a problem. In addition, claims have come in for spoiled food and businesses that have had to shut down due to loss of electri

The parent company said XL Re Europe Ltd. has formed two new branches in the United Kingdom and France to facilitate the assumption of business previously underwritten by the U.K. branch of XL Re Ltd.

In September, after the National Risk Retention Association sent a letter to the department, the agency dropped a requirement that a policy should be issued by an insurer "with a valid certificate of