A total of seven natural catastrophes in the third quarter of this year cost the nation's property and casualty insurers an all-time high of $40.8 billion in insured property losses in 14 states.
The average auto insurance premium in the United States increased six percent from 2002, to about $939 in 2003, according to the 2002/2003 Auto Insurance Database Report.
"This bill is not the solution to deal with the flooded vehicles issue in Louisiana," said Greg LaCost, assistant vice president, regional manager and counsel for the Property Casualty Insurers
Producers Expect Impact From Katrina, But Not Across-The-Board Price HikesBig brokers, Main Street agents see regional hit, but no dramatic shift nationwideWhile pricing momentum ...
Boost Building Codes, Congress UrgedHigher standards in three states hit by Katrina could have saved 80 percent of lossesWashingtonThree of the states in the ...
Lawmakers At Odds Over Katrina LessonsFederal, state officials discuss solutions, but lack consensus on any approachWashingtonThe destruction wrought by Hurricane Katrina might have spotlighted ...
Claims News Service, Nov. 7, 01:05 p.m. EST -- Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8
Insurers Tackle Three Top-10 HurricanesCarriers continue to battle both natural and man-made obstacles to settle claimsBy mark e. ruquetInsurers and state regulators continue to ...
"It's a mixed signal, the whole industry is growing north of $30 billion, but in some states it's trending down," explained Lawrence "Mac" Wesson Jr., president of the National Association of Professi
Claims News Service, Nov. 1, 11:50 a.m. EST -- U.S. property/casualty insurers will pay an estimated $4.7 billion for insured property losses to residential and commercial policyholders affected by