Dealing with the oncoming wave of agency retirements is like getting run over by a steamroller: You know it will happen if you don't move, but its occuring so slowly you think there is time to escape.
The National Association of Mutual Insurance Companies is urging the Obama administration to reform--but not privatize--the National Flood Insurance Program.
The Federal Emergency Management Agency is making available a new flood insurance low-cost transitional program for properties that have been newly mapped into high-risk areas due to a flood map revision on or after October 1, 2008.
The property and casualty insurance industry suffered a 3 percent slide in third-quarter net income, causing a drop in the rate of return on surplus, but nine-month results show a robust increase of 62 percent, according to a an industry report.
The property and casualty insurance industry is on the road to showing a profit for 2010 despite a 3 percent slide in third-quarter net income, an industry report said.