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August 11, 2010
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Nation’s flooding safety net is $18 billion in the red, much from repetitive claims

by Houston Chronicle - Aug 11,2010

WASHINGTON  — The first warning sign was a house in Humble. Between 1977 and 1995, the National Flood Insurance Program paid out $806,591 for repeated storm damage to a suburban Houston home that was valued at $114,480. If you ... [full story]

U.S. captive insurers' net income doubled in ’09

by BusinessInsurance.com - Aug 11,2010

U.S. captive insurers saw their net income double in 2009, A.M. Best Co. Inc. said in a Monday report. U.S. captives reported net income of $1.76 billion in 2009 compared with $880.4 million in 2008, Best said in its ... [full story]

Regulators' Search for Credit Rating Alternatives Likely to Be Tough

by Insurance Networking News - Aug 11,2010

Regulators are poised this week to start moving away from reliance on the tarnished credit rating agencies in the supervisory process, but finding other options likely will be difficult. The Federal Deposit Insurance Corp. is scheduled to meet Tuesday ... [full story]

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