Casualty Insurance
TARP Funds To Insurers Puts A Floor Under Valuations
In broad strokes, the decision by the Treasury Department to extend TARP funds to life insurers is generally a beneficial initiative inasmuch as it takes the death-watch off the industry as a whole, and effectively puts a floor under valuat...
State Farm to Cut California Auto Rates by $219 Million
Rate Reduction is the fourth for policyholders since 2004 Core News Facts - Auto rate cut of eight percent approved by California Department of Insurance, effective July 6, 2009 - Since 2004, State Farm California has reduced auto rates fou...
Liberty Mutual extends its recognition of responsibility to
BOSTON--(BUSINESS WIRE)-- Liberty Mutual announced today that starting in 2010 it will sponsor the Responsibility Leader designation of both the Power Broker and the Benefits Power Broker award programs of Risk Insurance magazine. In doing...
Home and car insurance set to rise, ING Canada warns
TORONTO Home and car insurance premiums are set to rise across the industry, ING Canada warned yesterday while reporting a $36.3-million first-quarter loss and formally changing its name to Intact Financial Corp. The vehicle insurance crunc...
Colleges’ Insurance Program Developed To Cover Pandemics
Copyright 2009 Crain CommunicationsAll Rights Reserved Business Insurance May 11, 2009 662 words Insurer executives rank economy as top worry; Munich Re survey reveals big change in main concerns JUDY GREENWALD Insurance industry executives'...
Insurance coverage during the economic crisis
Copyright 2009 ProQuest Information and LearningAll Rights ReservedCopyright 2009 Risk and Insurance Management Society, Inc. Risk Management May 2009 Pg. 30 Vol. 56 No. 3 ISSN: 0035-5593 23196 3034 words INSURANCE COVERAGE DURING THE ECONOM...
Michigan's Top Court to Rule on Credit-Based Insurance Scori
The Michigan Supreme Court will determine whether the state may ban the use of credit-based insurance scoring in underwriting, addressing a four-year-old dispute between insurance companies and state regulators. The court will hear argument...
Universal Insurance Holdings, Inc. reports first quarter 200
UPCIC Policy Counts Grow by 37,000 in the Quarter Compared to December 31, 2008; Book Value per Share Increased 7 Percent Compared to December 31, 2008; Cash Dividends of 22 Cents Declared to Date in 2009 Universal Insurance Holdings, Inc....
Hanover, is working with industry distress
It is not that Frederick Eppinger is not favorable to insurance companies as The Hartford Financial Services Group, which are faced with tensions in the balance of current financial market chaos. It recognizes that the Hanover Insurance Gro...
Guidewire BillingCenter Places in Top Quartile in Celent Bil
SAN MATEO, Calif.--(BUSINESS WIRE)--Guidewire Software, a leading global provider of core system solutions to property/casualty insurers, today announced that Guidewires BillingCenter solution has been favorably recognized by industry analy...
Mexico 1Q sector insurance premiums by 15.9% to MXN65.13 bil
MEXICO CITY -(Dow Jones)- Mexico's insurance regulator, the CNSF, said Monday the sector's first-quarter direct premiums grew 15.9% year-on-year to 65.13 billion pesos ($4.96 billion). In a press release, the CNSF said premiums from propert...
10-Q: 21ST CENTURY HOLDING CO
(EDGAR Online via COMTEX) -- Management's Discussion and Analysis of Financial Condition and Results of Operations General information about 21st Century Holding Company can be found at www.21stcenturyholding.com however, the information th...
AIG sells Japanese headquarters for $ 1.2 billion
CHARLOTTE, NC - Embattled insurer American International Group Inc. said Monday the sale of its headquarters in Japan Nippon Life Insurance Co. for $ 1.2 billion in cash. The transaction, which is among the largest sales in New York, AIG ha...
Hanover Poised To Profit From Industry Distress
Its not that Frederick Eppinger isnt sympathetic to insurance companies like The Hartford Financial Services Group, which are facing strained balance sheets in the current financial market chaos. He freely admits that The Hanover Insurance...
Abbey says mortgage market is set to grow
The UK mortgage market will return to growth this year, Abbey, the lender, predicted on Wednesday, as it reported a 25 per cent jump in quarterly profits. Antnio Horta-Osrio, Abbey's chief executive, said that although the UK economy was st...
XL Insurance and Chandler Insurance Managers Sign Agreement
CHANDLER, Oklahoma, May 7 /PRNewswire-FirstCall/ -- XL Insurance, the global insurance operations of XL Capital, Ltd. (NYSE: XL - News ) today announced a new underwriting agreement with Chandler Insurance Managers, Inc. (CIMI), an underwri...
Auto-Owners Insurance Group Joins NICB
DES PLAINES, Ill., May 7 /PRNewswire-USNewswire/ -- The National Insurance Crime Bureau (NICB) announced today that the Auto-Owners Insurance Group is the newest addition to NICB's 1,000-plus member companies. Auto-Owners Insurance Group, h...
Demotech Assesses Risk In The Property And Casualty Industry
Columbus, OH(Marketwire) - Demotech, Inc. analyzed more than 2,900 individual, active Property and Casualty insurance companies on management practices to determine if one segment of the industry displayed an extraordinary appetite for risk...
Farmers Insurance Claims Team Assists Victims of California
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Farmers Insurance Group of Companies advises its customers suffering damage or being evacuated from the Santa Barbara wildfires to immediately contact Farmers 24 hour claims hotline at: 1-800-HelpPoin...
HCC Insurance Holdings names John Molbeck CEO
(RTTNews)- Wednesday, specialty insurance group HCC Insurance Holdings, Inc. (HCC: News ) said that it appointed John Molbeck, currently President and Chief Operating Officer, as the new Chief Executive Officer, succeeding Frank Bramanti. I...
Insurance Information and Highway Safety Execs to Speak in T
Dr. Bob Hartwig, president of the Insurance Information Institute will share his thoughts on the state of the insurance industry and Adrian Lund, president of the Insurance Institute for Highway Safety, will explain the effectiveness of cra...
Marsh & McLennan Has First-Quarter Profit; Fees Fall
May 6 (Bloomberg) -- Marsh McLennan Cos., the worlds second-biggest insurance broker, reported first-quarter profit that missed some analysts estimates after revenue from insurance and consulting declined. Net income was $176 million, or 33...
Nationwide Employees Are Focus of New 'I am On Your Side' Ad
Steven Schreibman, Nationwide Insurance vice president of advertising and brand management, had never been part of an ad campaign featuring testimonials. In fact, the ad executive said he hated the idea initially. The insurer flew 20 associ...
Diversified Insurance Career Leads to Heading Risk Retention
Copyright 2009 Insurance Communications The Risk Retention Reporter April 2009 Vol. 23, No. 4 1415 words Diversified Insurance Career Leads to Heading Risk Retention Group for Northeast Utilities Featuring Diane Belanger, CEO Public Utility...
Willis Sells Surplus Lines Arm To Focus On Retail
Copyright 2009 Crain CommunicationsAll Rights Reserved Business Insurance April 20, 2009 570 words Willis sells surplus lines arm to focus on retail; Fortegra Financial buys former HRH arm Bliss Glennon SALLY ROBERTS Willis Group Holdings Lt...
Texas Senate Approves DOI Bill
A bill to continue the operation of the Texas Department of Insurance was approved by the state Senate with provisions that include the use of prior approval as a back drop. SB 1007 is meant to clarify the rate approval process, according t...
AIG agrees to pay up to $ 46 million in California Wildfires
American International Group Inc. has agreed to pay an additional $37 million to $46 million to insured California homeowners displaced by wildfires late last year. The California Department of Insurance said it intervened on the homeowners...
Today's Picks
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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