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A loss estimate of $1 billion came from EQECAT, which noted that all of the major California brush fires (fires with extents greater than 10,000 acres) have been accompanied by similar wind

Another catastrophe modeling firm has estimated California wildfire losses will go well above $1 billion, and the state's largest home insurer--State Farm--said it has already logged 2,000 claims and

John N. Ellison, managing partner in the Anderson, Kill & Olick Philadelphia office, issued a statement cautioning policyholders they should be watchful of their claims, taking care to document and fi

In addition, the company is encouraging its employees and independent agent partners to contribute to relief efforts by matching their cash contributions to the area Red Cross and the Salvation Army/S

The Travelers Companies in Saint Paul, Minn., reported a 15 percent jump in third-quarter net income today, with underwriting profits, investment income and favorable prior-year reserve development co

With operating income of $662 million, $1.68 per share, and a combined ratio of 81.6 setting third-quarter records, Warren, N.J.-based Chubb Corp. management told analysts yesterday that it will top f

With operating income of $662 million, $1.68 per share, and a combined ratio of 81.6 setting third-quarter records, Warren, N.J.-based Chubb Corp. management told analysts yesterday that it will top f

State Insurance Commissioner Steve Poizner, announcing he is anticipating "an onslaught of severe insurance claims," issued an emergency declaration that allows adjusters from out of state to work on