Cyclones occur in clusters rather than randomly, according to new research that has implications for the insurance industry. The work by the University of Queensland and the University of Exeter, UK, shows that short, intense periods of cyclones are followed by relatively long, quiet periods. Although the research was based on hurricanes in the Caribbean, [...]

On Thursday evening, Congress approved a short-term extension of the National Flood Insurance Program providing it with funding for several weeks. After it had been extended for an entire year starting in Sept. 2010, lawmakers appear to have pushed the program back into the cycle of short-term extensions, leaving some to wonder when the National [...]

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When it comes to obtaining an organization cover quote from insurance agencies, you are in for a long and frustrating process. This is because the coverage you choose will need to be the best in protecting your business from situations that will jeopardize it. While it’s best that you choose the insurance that is right [...]

Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, has acquired South Florida based Seitlin Insurance for an undisclosed sum. ibrFounded in 1945, Seitlin has annual revenue of approximately $24m and offers property and casualty insurance and employee benefits to middle market companies in a wide range of industries. Seitlin will serve as [...]