State Farm, the largest insurer in Texas, has told state regulators that it will raise homeowners rates in the state an average of 9.6% and impose a minimum 1% deductible on all policies, starting in December.

The Obama Administration, not Congress, could dramatically affect insurance and its regulation in 2011, according to a panel of industry expert.

Sales of property-casualty insurance policies in the U.S. increased for the first time in 13 quarters, according to an induåçstry organization, as personal lines insurers appeared to charge higher premiums in the second quarter.

Assurant has finalized the structure of its 2010 property catastrophe reinsurance (CAT) program, using a cadre of more than 40 reinsurers.

Noting heavy snow and rainfall in the Northeast and mid-Atlantic, Selective Insurance reported $24 million in catastrophic losses for the first quarter, but also saw gains of more than 100% in its net and operating income.

A bill before Congress to deal with financial devastation following major natural catastrophes has garnered the support of a former economic advisor to President Bill Clinton.

Jonathan Orszag

Jonathan Orszag, former …  Read →

A proposed insurance reform bill seeks to let states decide to participate a national catastrophe insurance pool, spreading the risk of natural disasters while also lowering costs for consumers.

Ron …  Read →