According to USA Today, losses due to natural disaster and severe weather are higher for the first half of this year than for the same period last year. Unfortunately, the …  Read →

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 →

Reinsurance companies suffered losses last year, but will be buoyed by the gains in the two years following Hurricane Katrina, according to a ratings service analysis.

Courtesy: FEMA

Reinsurance companies in …  Read →

Courtesy: FEMA

A Louisiana judge has ordered Louisiana Citizens Property Insurance Corp. to pay $92.8 million to 18,573 policyholders in the state whose claims from damage caused by Hurricane Katrina …  Read →

An early hurricane season forecast predicts fewer landfalls in the U.S. and fewer named storms, two signs that could aid property-casualty insurers already battling the effects of the recession.

Accuweather. com …  Read →

A congressman from the Gulf Coast has re-introduced multi-peril legislation designed to restore the homeowners insurance market in coastal areas, where insurers have been writing fewer polices since Hurricane Katrina …  Read →

The personal lines segment of the property-casualty market appears to be stable after a rocky 2008.

A.M. Best Co., a ratings service, said it continues to maintain a “stable” outlook for …  Read →