The 2005 hurricane season’s record-setting $40 billion in claims underscores the need for reform in order to keep insurance coverage...
Hurricane Season News
The National Flood Insurance Program (NFIP), which is managed by the Department of Homeland Security’s Federal Emergency Management Agency (FEMA),...
The unavailability of policies to cover manufactured homes, caused by an increased number of claims during the 2005 hurricane season,...
The National Association of Mutual Insurance Companies (NAMIC) has voiced its strong support for the passage of building code legislation...
A last gasp tropical storm – Gamma, the 24th of the record-breaking 2005 Atlantic hurricane season – has caused flooding...
In the wake of the catastrophic property damage occurring during the 2005 and 2004 hurricane seasons, the Arkansas Insurance Department...
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit...
While Fitch Ratings decided to affirm its “A+” ratings on Hannover Re and its subsidiaries (See following article), Standard &...
Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Wilma of $29 million, or $0.23 per diluted share. Pretax catastrophe...
Legislation in Congress to pass U.S. Rep. Mark Foley’s proposal to allow the accumulation of tax-deferred catastrophic reserves by insurers,...