The last thing insurers expected when wildfires raged in Southern California was to see their already battered reputations as masters of disasters going up in flames. Yet that is exactly what
If you were an insurance buyer in 2007, you enjoyed the benefits of a rapidly softening market for all but catastrophe-prone exposures, with no turnaround in sight, given the high profits and deep
Insurers were certainly on the hot seat in 2007, mainly because of the lingering fallout over disputed Hurricane Katrina wind-versus-water claims. There were two particularly low moments that jump to
California Insurance Commissioner Steve Poizner recently hosted a roundtable meeting with high-level insurance executives to discuss how to improve the recovery process for victims of the southern
CDS Business Mapping, a provider of online hazard mapping, has added a Florida Wildfire report to its RiskMeter Online natural hazard risk report service. The company said that by simply typing in an
Claims News Service, Dec. 4, 2:29 p.m. EST -- CDS Business Mapping, a provider of online hazard mapping, has added a Florida Wildfire report to its RiskMeter Online natural hazard risk report
The decision by the 5th U.S. Circuit Court of Appeals overturns a ruling by U.S. District Court Judge L.T. Senter Jr. in Gulfport, Miss., that ruled out a portion of State Farm's policy language as
"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
The recent conflagrations and subsequent damage in Southern California showed that natural catastrophes come in all different shapes, sizes, and elements.