In general, “Valued Policy” statutes require an insurer to ascertain the value of the property being insured at the time...
Hurricanes News
Hallmark, Texas General Agency Hallmark Financial Services Inc. completed its previously disclosed acquisition of Texas General Agency Inc. and certain...
Seattle-based Safeco has reported its net income for the fourth quarter of 2005 was $190.7 million, compared with $179.8 million...
Inadequate ITV is not just a problem for the insurance industry – it also can be detrimental to policyholders. When...
The value of insurance-to-value often overlooked When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so...
New York State’s largest provider of homeowners insurance should reconsider its decision to stop writing new policies in the metropolitan...
When people forget about abusing finite reinsurance to manipulate earnings, they see the advantages and the products sells on its...
Capping coastal home insurance coverage at $1 million and providing grants for home fortification against hurricanes are among suggestions proposed...
Swiss insurance giant Zurich Financial Services posted a 30 percent increase in its 2005 net profits to $3.2 billion, despite...
Fireman’s Fund Insurance Company is in the process of adding 190 new jobs, including 145 new claims professional positions, to...