Property-Casualty Insurance News
NFIP floating in political limbo as House, Senate measures vary
While the U.S. House and Senate agree that the National Flood Insurance Program should be extended, how to achieve that goal and for how long seem to be areas of disagreement in Washington, D.C.
Florida’s Citizens to offer $2 billion in bonds to brace for hurricanes
With hurricane season approaching, Florida’s Citizens Property Insurance Corp. plans to sell $2 billion in tax-exempt bonds to add to its reserves for claims.
In a move it says “dramatically accelerates its national growth,” Marsh & McClennan Agency has acquired Roanoke, Va.-based Thomas Rutherfoord Inc., one of the nation’s largest independently owned firms.
Life and property-casualty insurers have recovered greatly from the ground it lost in the recession, according to a new analysis.
Two property-casualty insurers, who recently stopped writing business in Virginia, had their certificates to operate in Arkansas suspended by regulators, citing their negative surplus balance.
Starr Indemnity & Liability Co. and Chubb & Son have entered into an underwriting agreement for workers’ compensation coverage for construction, energy and environmental customers.
NAIC producer registry hits 100 millionth transaction milestone
A national insurance producer registry, operated by an organization of state insurance commissioners, has processed its 100 millionth licensing transaction.
Property-casualty firms will respond to ‘threshold of pain’ with price hikes
Property-casualty insurers will need to raise rates as their combined ratios approach 110, according to the chairman and chief executive of CNA.
Congress to weigh risk retention groups selling commercial policies
Legislation has been introduced to permit risk retention groups to write commercial property coverage, expanding their role from the selling of liability insurance only.
Fla. official calls for financial check-up on state property insurers
Florida’s chief financial officer is calling for a report on the financial health of the state’s property insurers heading into hurricane season.
Democrats ditch health premium assistance to states in reform bill
Health insurers’ group critical of reform bill’s cost cutting measures
Pelosi warns of insurers ‘poisoning the well’ as reform vote nears
Convenience fuels online employee benefits enrollment growth
Financial planner group want tougher standards from Congress
Life, property-casualty insurers hit highs, lows in last year
NFIP floating in political limbo as House, Senate measures vary
Florida’s Citizens to offer $2 billion in bonds to brace for hurricanes
Marsh acquires Virginia-based Rutherfoord to expand national presence


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