A decision on whether to raise rates by up to 10% next year in the riskiest areas of Galveston and Harris County will be made at the board’s August meeting.
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Out Of The FIRE Blog
While state-controlled foreign banks will be permitted to expand their operations in the United States and free to make loans to U.S. small businesses, community-oriented, nonprofit credit unions are still constrained.
While some voters would certainly be turned off by a Romney endorsement of gay marriage, it may be one of the few paths he has to the White House.
The Heartland Institute has decided to spin off the Center on Finance, Insurance and Real Estate effective May 31.
In written testimony submitted for a hearing before the Senate Banking Committee’s Economic Policy Subcommittee, R.J. Lehmann, Deputy Director at The Heartland Institute’s Center on Finance, Insurance, and Real Estate contends the NFIP is “not sustainable for an additional two years as it is currently constituted.”
Florida homeowners purchasing their flood insurance through the National Flood Insurance Program (NFIP) may find their insurance rates increasing next year. According to the South Florida Sun Sentinel, around 2 millions households with NFIP policies could see a rate increase of around 5 percent in the fall. The National Flood Insurance Program, the national flood [...]
A new editorial in the Weekly Standard by Eli Lehrer argues that there are many features of pet insurance that are highly desirable in human health care and that could serve as a model for the future, but it isn’t perfect.
The successful placement amply demonstrate private sector interest in catastrophe risk, and it comes at a good time for Citizens, which is losing some of its power to lay “hurricane taxes” on the private market.
The Mississippi Windstorm Underwriting Association, which has not raised wind pool rates since 2006, is retaining $71.5 million of risk this year, up from $51.5 million in 2011.
According to TWIA’s own actuaries, there is a 27 percent chance it would not be able to cover all of its liabilities during the 2012 hurricane season if it doesn’t move to raise rates.
