U.S.
Flood Insurance Jumping Sevenfold Depresses U.S. Home Values
Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood insurance premium would remain about the same. After reading recently about a ...
Florida to OK Workers’ Compensation Rate Hike Under 1%
Florida regulators are rejecting a proposed one percent hike in workers' compensation insurance rates. Insurance Commissioner Kevin McCarty on Wednesday announced that he won't approve the hike that ...
Delaware Business Court’s Private Arbitration Ruled Unconstitutional by U.S. Court
Delaware's legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business ...
Top 30 Homeowners Insurers for 2d Quarter: SNL Financial
Bank of America Liable for Countrywide Mortgage Fraud
Bank of America Corp. was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the ...
P/C Insurance CFOs Cite Interest Rates As Top Concern
Chief financial officers with leading North American property/casualty insurers rank interest rates as their top concern, above catastrophes and pricing. Eighty-one percent list interest rates as ...
ACE’s Greenberg Says Accounting Change Serves Bunch of Academics
ACE Limited Chief Executive Officer Evan Greenberg said the push for new U.S. accounting standards may distract investors from the most useful metrics in gauging insurers' financial status. "I don't ...
A Year After Sandy, a Slow Recovery for Thousands
A year after Superstorm Sandy catastrophically flooded hundreds of miles of eastern U.S. coastline, thousands of people still trying to fix their soaked and surf-battered homes are being stymied by ...