News
NFIP Policy Cancellation Statistics: No Loss, No Insurance
A Wharton School professor advocates a multiyear flood insurance policy as part of a program aimed at getting owners of flood-prone properties to invest in loss prevention and to hold onto their ...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers' CEO Jay Fishman explained his company's personal auto strategy at the ...Meadowbrook Cuts Credit Facility to Meet Loan Covenants
Meadowbrook Insurance Group Inc., which had its rating cut in early August by A.M. Best, said it will reduce the funds available on a credit facility as part of an agreement to comply with loan ...
U.S. Industry Sees Carbon-Capture as Legal Chink in EPA Rules: Analysis
Faced with the Obama administration's new crackdown on power plant emissions, the coal and electric utility industry is honing a legal strategy it believes could derail the measures. New rules ...
U.S. Sets First Curbs on Power Plant Carbon Emissions
The Obama administration on Friday announced first-ever regulations setting strict limits on the amount of carbon pollution that can be generated by any new U.S. power plant, which quickly sparked a ...
California Law to Regulate Fracking Signed By Governor
California's first regulations on fracking and related oil production practices will go into effect next year in the most populous U.S. state under a bill signed into law on Friday by Democratic ...
Are Multiyear Policies the Answer For Flood? Behavioral Economics Meets Insurance
Buyers and sellers of flood insurance can benefit from a longer-term perspective, and long-term multiyear policies may be the key to reforming the current system, a Wharton School professor said last ...
PCI Elects Dirks, Duclos to Board of Governors
The Property Casualty Insurers Association of America (PCI) elected Douglas D. Dirks, president and chief executive officer of Employers Holdings, Inc., and David Duclos, CEO of QBE's North American ...