The annual hurricane season begins today (June 1), with forecasts for more storm activity than in the years since Hurricane Katrina battered the Gulf Coast.

After touting the numerous benefits of acquiring HomeWise Holdings last month, Florida-based 21st Century Holding Co. has announced that both sides have called off a planned merger.

A Texas-based insurer says a recent decision by a state regulator to refund home insurance policyholders $310 million is akin to the financial damage from a major storm.

A light hurricane season and improvements in its investment portfolio blew winds of good change for Markel Corp, which reported a diluted net income per share of $6.02 for the third quarter.

The owner of a Texas insurance agency faces up to 20 years in prison after his indictment on charges of using more than $100,000 in premiums for himself and not his clients.

The minimum flood elevation requirements for Gulf Coast properties prone to storm surges were “woefully inadequate,” according to a new study, whose sponsors seek federal government intervention to encourage raising the required minimum elevations for building.