U.S. property/casualty insurers received another reprieve from Mother Nature in 2007, according to catastrophe loss figures recently released by the Insurance Services Office's Property Claim
The unit of the Jersey City, N.J.-based Insurance Services Office (ISO) said it was the eighth-lowest cost in a decade and the seventh-lowest frequency for the same period, according to a preliminary
Insurance regulators from two coastal states sparred over what the federal government's role should be in solving catastrophe insurance problems, with one saying Uncle Sam should have none until the
Even though property and casualty insurers had to contend with relatively few hurricanes and other extreme catastrophes in 2007, the increased prevalence of smaller natural disasters throughout the
"We were lucky this year, and the heightened threat from destructive storms remains and is expected to last for a number of years to come," said Marc Racicot, president of the American Insurance Assoc
Even if they're shopping tough exposures like Florida coastal property or medical malpractice, risk managers are finding insurers far more eager to please--if not always with lower prices, then at
Insurance Commissioner Kevin McCarty recently addressed regulators, congressional leaders, and representatives of the property industry as part of the National Association of Insurance Commissioners
In a nutshell, that's the dilemma facing the Citizens Property Insurance Corp. It processed and closed 303,735 claims from the 2004 and 2005 hurricane season, but 3,330 remain open. Can you guess