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Homeowners’ Defense Act Approved by House Committee

On April 27, 2010, the Homeowners' Defense Act of 2009, H.R. 2555 (the "Act") was passed by the House of Representatives' Financial Services Committee by a vote of 39-26, and will head to the House floor for a full vote, although no date has yet been set. As we reported here , Representative...

South Korea's Reinsurance Market Experiencing Softening Cycle

SEOUL, South Korea (BestWire) - South Korea's reinsurance market is experiencing a softening cycle with an overall reduction in reinsurance rates in April's renewal round. With the absence of large natural catastrophes in South Korea since 2004, the market has had a low level of insurance losses...

South Korea's Reinsurance Market Experiencing Softening Cycle

SEOUL, South Korea (BestWire) - South Korea's reinsurance market is experiencing a softening cycle with an overall reduction in reinsurance rates in April's renewal round. With the absence of large natural catastrophes in South Korea since 2004, the market has had a low level of insurance...