Personal Lines
Insurers Might Escape Harvey-Related Legal Fights Due to New Texas Law
As if victims of Hurricane Harvey didn't have enough to deal with, a Texas law that takes effect Sept. 1 may make it harder for them to sue insurers for payment of claims. Texas House Bill 1774, ...
U.S. P/C Insurers Generated H1 Net Loss of $5.1B: A.M. Best
The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the ...
Wells Fargo Accused of Charging Improper Mortgage Fees in Proposed Class Action Lawsuit
A homeowner has filed a proposed class action lawsuit accusing Wells Fargo & Co of improperly charging thousands of customers nationwide to lock in interest rates when their mortgage applications ...
Flood Insurance Program Renewal Likely in Harvey’s Wake: Key Republican
A key Republican said Hurricane Harvey will spur Congress to reach a deal to fund the nation's flood insurance program before it expires next month, even though divisions persist over how much the ...
Hurricane Harvey Flood Insured Losses in Texas Could Rival Katrina’s
Flood damage in Texas from Hurricane Harvey may equal that from 2005's Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday. As heavy rain ...
Harvey Aftermath: Half of Residential/Commercial Properties in Houston Likely Lack Flood Insurance
In the wake of Hurricane Harvey and its aftermath along the Texas coast, one ominous reality has emerged: just over 50 percent of residential and commercial properties in metro Houston likely lack ...
Insurers Slammed by S&P 500 Declines as Investors Weigh Harvey’s Costs
Insurance stocks were among the biggest decliners in the S&P 500 Index as investors weighed the impact of home and auto damages tied to Hurricane Harvey, which hit Texas as a Category 4 storm ...
GEICO, Farmers, Travelers and More Rally Adjusters for Harvey Cat Losses
Teams of insurance adjusters from GEICO, Farmers, Travelers, USAA and State Farm mobilized in Texas on Aug. 25 even before Hurricane Harvey slammed into the Texas coast late that evening. The ...