Casualty Insurance
CEA: Federal Guarantee Proposal Meant as a Back-Up, Not a Bailout
With the federal Catastrophe Obligation Guarantee Act proposal, state funds say they aren't looking for a bailout, just a little back-up so that the states can gain access to capital markets in order to pay claims when an extreme catastrophi...
AIR Worldwide Receives Trading Risk’s ‘Adviser of the Year’ Award
BOSTON--(BUSINESS WIRE)-- AIR Worldwide, a leading provider of catastrophe risk modeling and analytical services for insurance-linked securities, was awarded the 2009 Adviser of the Year' by Trading Risk magazine. The Adviser of the Year Awa...
Fitch: First American's Transaction Does Not Affect Ratings
CHICAGO--(BUSINESS WIRE)-- Fitch Ratings took no rating action on First American Corporation's (FAF) ratings following FAF's announcement to purchase the 26% minority interest in First Advantage Corporation (FADV) in an all stock transaction...
Max Capital Expands Into Professional Liability Insurance
After its unsuccessful merger attempt with IPC Holdings Ltd., Max Capital Group Ltd. is dusting itself off and is expanding into professional liability insurance. Max Capital said its Richmond, Va.-based excess and surplus lines writer, Max...
Progressive Wins Voice Of The Customer Award
MAYFIELD VILLAGE, Ohio--(BUSINESS WIRE)-- Customers with opinions aren't hard to find. Companies who listen can be. But listening and responding to customer feedback is precisely what earned car insurance company Progressive one of Forrester...
Property Casualty Industry Provides Strong Consumer Protection; Additional Regulation Unnecessary
The property casualty insurance industry offers the strongest consumer protections of all financial services sectors and does not need additional consumer products regulation, according to today's Congressional testimony of the Property Cas...
Maryland Governor Set to consider mandatory disclosure Broker Pay
Maryland regulator set to consider compulsory broker pay disclosure; New York still mulling similar move one year after public hearings SALLY ROBERTS Maryland Insurance Commissioner Ralph S. Tyler last week said he is considering mandating p...
When Times Are Tough, It Pays to Review Your Policies
LOS ANGELES--(BUSINESS WIRE)-- What do an engineer, a good student and a senior citizen have in common? Their professions may qualify them for special discounts in their auto and homeowner policies. American families are grappling with tough...
Tired Malpractice Debate Ignore Promising Solutions
Seldom can a president move an audience from applause to boos in a matter of seconds. But President Obama did it last week with three words: fear of lawsuits. Thousands of doctors at the American Medical Association convention cheered when O...
State Farm Florida: We Will Re-Examine Departure if 'Consumer Choice' Bill Signed
The president of State Farm Florida has told the state's governor the company would re-examine its options should a bill allowing well-capitalized insurers to charge unregulated rates be signed into law. In a letter to Gov. Charlie Crist, J...
Unum, employees give more than $ 6 million in 2008
Building on a strong tradition of corporate social responsibility and commitment to communities, Unum (NYSE: UNM) and its employees gave more than $6 million and 15,000 volunteer hours in 2008 (see also Unum). For more than 160 years, Unum a...
Prudential Financial is a Top Company for Diverse Graduates
Prudential Financial, Inc. (NYSE: PRU) is a great place for diverse graduates according to Diversity Edge Magazine. Once again, the publication has named Prudential as one of the best companies for diverse graduates as part of the magazine's...
Prices, the ability of reinsurers Moving Targets in uncertain market
When the world's top reinsurers and their clients gather for renewal discussions at Les Rendez-Vous de Septembre in Monte Carlo, they will be anxious for evidence of stabilized financial markets while trying to read a mix of macro-economic c...
The escalating price of natural disasters could Devastate P & C Industry
SAN DIEGO--(BUSINESS WIRE)-- Natural disasters are getting costlier while the shrinking economy is making property and casualty (PC) insurers more vulnerable according to EMB, a global actuarial consulting firm. As a result, a major catastro...
10 Supply Chain Questions Your Insurance Broker Should Ask You
The merchandise was damaged in transit is not welcome information. Recovering from the loss will depend upon how well you and your insurance broker have identified your supply chain risks, assessed those risks and put adequate coverage in pl...
A.M. Best Assigns Ratings to DTRIC Insurance Underwriters, L
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of a- to DTRIC Insurance Underwriters, Limited (DIUL) (Hawaii). The outlook for both ratings is stable. DIUL conducts insurance business in...
State insurance industry gets an F-
BRADENTON Florida gets a failing grade when it comes to open market competition among insurers and over government regulation, according to a report card rating the nations insurance industry. The report card issued by the Competitive Insti...
Universal Insurance Holdings, Inc. Declares Twelve Cent Cash
Universal Insurance Holdings, Inc. (Company) (AMEX: UVE), a vertically integrated insurance holding company, announced today that its board of directors declared a dividend of $0.12 per share on its common stock. The dividend is payable on...
Universal Insurance Holdings, Inc. Declares Twelve Cent Cash
FORT LAUDERDALE, FL--(Marketwire - June 17, 2009) - Universal Insurance Holdings, Inc. (Company) ( NYSE Amex: UVE), a vertically integrated insurance holding company, announced today that its board of directors declared a dividend of $0.12...
Jury finds for plaintiff in Maryville insurance pay-out suit
The jury was out less than an hour before it awarded a Maryville-based company just over $80,000 the company had been seeking from its insurance company. Plaintiff TMEG Inc. which owns a Maryville restaurant that was gutted by fire in 2004,...
Farmers Insurance Announces Building Expansion in Caledonia,
Farmers Insurance Group of Companies announced today that it will build two new buildings totaling 275,000 square feet on the existing grounds of Farmers Insurance office facilities located in Caledonia. Caledonia, Mich. (Vocus/PRWEB ) June...
iPartners Named a "Leading Vendor" in Celent's 200
ATLANTA--(BUSINESS WIRE)--iPartners, the leading provider of on demand business analytics solutions to the property casualty (PC) insurance industry, today announced that it has been named a leading vendor in the Infrastructure metacategory...
Small insurers tell Crist property insurance measure will be
Small property insurers are urging Gov. Charlie Crist to veto a measure that critics say favors State Farm. In a letter Monday, the Florida Property Casualty Association says House Bill 1171 would create an unbalanced and dangerously fragme...
Michigan Governor Jennifer Granholm Will Join Farmers Insura
CALEDONIA, Mich.--(BUSINESS WIRE)-- TO MICHIGAN TV NEWS EDITORS: Below is a Media Invite and VNR of Farmers Insurance Group, Inc. CEO Robert Woudstra announcing an expansion of two new buildings that will begin this fall. If you have questi...
Farmers Insurance Announces Building Expansion in Caledonia,
CALEDONIA, Mich.--(BUSINESS WIRE)-- TO MICHIGAN TV NEWS EDITORS: Below is a press release and VNR of Farmers Insurance Group, Inc. CEO Robert Woudstra announcing an expansion of two new buildings that will begin this fall. If you have quest...
Wells to Continue Acquiring Insurance Brokerages in West
Wells Fargo Insurance Services Inc. plans to buy more insurance brokerages as part of its strategy to develop new business in the West. Last week the San Francisco unit of Wells Fargo Co. bought Grady Associates, a single-office retail insu...
Arch Insurance Establishes Two Principal Underwriting Units
Arch Insurance Group, a division of Arch Capital Group Ltd. (NASDAQ: ACGL - News ), today announced that Arch Insurance has established two principal underwriting groups in its U.S.-based operations: the Arch Property Casualty Group and the...
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Golden Eagle Insurance Offers Onboard Advisor for
SAN DIEGO--(BUSINESS WIRE)--Golden Eagle Insurance, a Liberty Mutual Agency
Okla. Governor Signs 'Cash for Crash' Ban
Okla. Governor Signs 'Cash for Crash' Ban Sean P Carr OKLAHOMA CITY Oklahoma
Analysis: Obama tougher on cars than banks
Copyright: The Associated Press. All rights reserved. May This material may not
Diversified Insurance Career Leads to Heading Risk
Copyright 2009 Insurance Communications The Risk Retention Reporter April 2009
Hanover, is working with industry distress
It is not that Frederick Eppinger is not favorable to insurance companies as
Innovation Group Receives "Positive" Rating
NEWTON, Mass.--(BUSINESS WIRE)--Innovation Group www.us.innovation-group.com ,
State Farm Texas Governor Indicates He Undercharged
Copyright: The Dallas Morning News Source: Dallas Morning News, The Wordcount:
Florida officials try to Boost Hurricane Fund
April 15 - Tallahassee - The outlook for state funding to support the market
Florida Last-Resort Insurer Reassessing Replacement
Efforts by Florida's state-run insurer to bring premiums up to a level equal to
Workers Comp Cartel Says Boo! Aerials and Florida
Copyright 2009 ProQuest Information and LearningAll rights ReservedProQuest
Catlin to Write Short-Term Life Business
Specialist property/casualty insurer Catlin Group Ltd. will start writing
State hit with rising insurance rates
In the midst of recession, the cost of car and home insurance is increasing for
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