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May 21, 2009
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Most of flood insurance revenue is not going to pay claims

by al.com - May 21,2009

WASHINGTON — Across the country, federal flood insurance policyholders ponied up more than $3 billion in premiums to protect their homes and businesses in the last fiscal year. Less than half of that money was set aside to pay claims ... [full story]

Despite Online Insurance Access, U.S. Consumers Prefer Buying from Agents

by Insurance Networking News - May 21,2009

Three-quarters of U.S. consumers prefer buying insurance products through agents and other trusted sources, but younger and higher-income consumers are more inclined to purchase products via the Web than through an agent and are more inclined to switch insurers, according ... [full story]

Wholesale Brokers Will Benefit From Economic Downturn

by National Underwriter - May 21,2009

BOCA RATON, FLA.—Wholesale brokers are in a prime position to grab new business when a revived economy begins producing start-up companies that standard line carriers won’t insure, a trade group leader advised here. Curtis Anderson, the incoming president of the American ... [full story]

Federal officials get ready for hurricane season

by USATODAY.com - May 21,2009

WASHINGTON — After a caution from President Barack Obama, federal disaster officials said Tuesday they are redoubling efforts to close gaps in their 2009 hurricane preparedness plans. At the same time, they warned at a news conference in Washington that any ... [full story]

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