Personal Lines
Midwest Flooding More Frequent: University Study
The U.S. Midwest and surrounding states have endured increasingly more frequent flood episodes over the past half-century, according to a study from the University of Iowa. The UI researchers based ...
FEMA Shows Some Progress Implementing Flood Insurance Changes: GAO
The agency responsible for managing the federal flood insurance program has made progress in carrying out key changes mandated by Congress in two recent laws but lacks resources and data to ...
California Commissioner Tells Insurers to Cease Price Optimization
California Insurance Commissioner Dave Jones on Wednesday issued a notice to property/casualty insurers doing business in California advising them that so-called "price optimization" in rate making ...
Willis North America to Gain New Chair
Willis Group Holdings has named a new chair of Willis North America, a promotion from within. Christine LaSala will fill the slot. LaSala has been with the global risk adviser, insurance and ...
GEICO to Launch National RV Tour, Starting With the Daytona 500
GEICO is Launching a national RV tour, starting with the Daytona 500 . The Berkshire Hathaway (and Warren Buffett)-owned company, which is also the second largest private passenger auto insurance ...
Swiss Re’s Restructuring Costs Slash Profit; $1.1B Share Buyback Begins
Swiss Re AG, swimming in excess capital from lower-than-expected disaster claims, reverted to share buybacks to return cash to investors after three years of paying special dividends. Following the ...
FEMA Seeks to Resolve Sandy Flood Insurance Claim Lawsuits
The Federal Emergency Management Agency is working on settling litigation with hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims. Brad ...
Low Interest Rates Threaten Insurer Success in Europe: A.M. Best
Insurers and reinsurers alike could see some adverse affects from financial and social instability in the European Union, A.M. Best said in a new report. Points of concern range from quantitative ...