The National Flood Insurance Program (NFIP) says it needs to borrow an additional $5.6 billion to cover claims and expenses...
Hurricanes News
The wait for federal standards for home building is hampering Louisiana’s hurricane reconstruction efforts, according to Louisiana Gov. Kathleen Blanco....
Massachusetts is facing a shortage of insurance capital that could jeopardize the state’s entire economy, especially if a major storm...
U.S. property/casualty insurers are expected to pay homeowners and businesses a record $56.8 billion for 2005 insured property losses from...
Citing the risks exposed by Hurricane Katrina, a group of California Assembly Democrats unveiled legislation that could block some development...
“Catastrophe models are useful, but have their limits,” says a comment on the Lloyd’s Web site (www.lloyds.com). “That is the...
Floridians could buy flashlights, tarps, radios, batteries, generators and other hurricane necessities tax free the week before the storm season...
A state district judge in Austin, Texas, has ruled Allstate will not have to cover the living expenses of evacuees...
Peoria, Illinois-based RLI Corp. recently reported record 2005 net earnings, while at the same time announcing the company’s decision to...
The Chicago Tribune reported today that Allstate Corp., the nation’s second-biggest auto and homeowner’s insurer after Bloomington-based State Farm Insurance...