When insureds complete improvements or repairs around their properties themselves, the question arises whether actual cash value would be calculated differently than if contractors did the work.
Florida's chief financial officer, Tom Gallagher, has opened a criminal fraud investigation into whether executives at Citizens Property Insurance Corp., the state's insurer of last resort, took bribes to award business to adjusters.
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.
Mold problems are injecting an element of chance into real estate deals, according to a recent survey of builders and real estate lenders conducted by the Environmental Assurance Group.
Key issues of interest to the property and casualty insurance industry were explored in depth in 50 different seminars during the four-day Chartered Property Casualty Underwriters Annual Meeting held in Atlanta Oct. 22-25.
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.