TALLAHASSEE, Fla. – Florida has taken action to back up property insurance companies facing a downgraded rating in an effort to help thousands of homeowners comply with mortgage requirements rather than being forced to seek new policies.The state-created Citizens Property Insurance Corp. will...
Property and casualty insurance holding company United Insurance Holdings Corp. (UPC Insurance) has estimated that it incurred catastrophe losses of $21 million during the second quarter of 2022.
This figure is before income taxes and net of expected reinsurance recoveries, UPC explained, with the...
RIYADH — The Saudi Central Bank (SAMA) has instructed that it is mandatory for all insurance companies to settle insurance claims for third-party vehicles for individuals if the value does not exceed SR2000. The claim shall be settled within a period not exceeding...
