North Carolina insurance companies that wanted to raise the cost of homeowners coverage by an average of roughly 25 percent were told Friday the state’s regulator is instead approving a zero overall change. Insurance Commissioner Wayne Goodwin said that after …
U.S. property/casualty insurers’ operating performance improved in 2013, according to a new Fitch Ratings report. The improvement is largely a result of lower catastrophe-related losses and reductions in the core loss ratio from premium rate increases across many product segments. …
In 2011, insured losses from global natural catastrophes exceeded $110 billion according to industry sources, the second-highest figure ever recorded. A new report from catastrophe modeling firm AIR Worldwide reveals that there is nearly a 7 percent probability that the …
It costs an insurer up to $10 for each payment issued as a check. Besides the price of a stamp, this figure also takes into account behind the scenes costs, including customer care calls and stop payment fees, according to …
The Florida reinsurance renewals on June 1, 2011, experienced a wide range of outcomes, as substantial catastrophe losses combined with two major catastrophe model revisions over the past 16 months led to a volatile renewal season, according to reinsurance specialist …