Property Insurance
Lincoln Accepts U.S. Rescue Funds, Plans Share Sale (Update4
June 15 (Bloomberg) -- Lincoln National Corp., the insurer that announced two rounds of job cuts this year, plans to raise $2.05 billion by accepting U.S. rescue funds and selling shares and debt to private investors. The stock dropped 11 p...
June 15 (Reuters) - The following financial services industr
NEW YORKArch Insurance Group, a division of Arch Capital Group Ltd., on Monday said it has formed two new principal underwriting groupsArch Property Casualty Group and the Arch Financial Professional Liability Groupin its U.S.-based operati...
MOVES-FSA, Lazard, Arch Insurance, others
June 15 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, e-mail moves@thomsonreuters.com FINANCIAL SERVICES AUTHORITY (FSA) The regulator of the financial servic...
Kibble & Prentice Announces Risk Strategies Group
Kibble Prentice, a USI company, announces a new practice providing comprehensive Risk Management services. Headed by John Sacia, Executive Vice President, the company has added three specialists to the team, including Seth Shapiro, Greg Sko...
Fidelity National Adds Commings to Flood Insurance Team
Jacksonville, Fla.-based Fidelity National Property and Casualty Insurance Group has added Kay Cummings to its flood management team. Cummings brings 20 years of experience specializing in flood insurance to the nation's largest provider of...
Price of insurance rises uptes
In the midst of recession, the cost of car and home insurance is increasing for many Georgians. And if past trends hold, insurance bills could rise more significantly once the economy recovers. Spurred by hefty losses last year due to storm...
Dispute over insurance pay-out in Maryville Fire set for tri
A suit over insurance payouts related to a Maryville fire is set for trial Monday according to the Madison County Circuit Court docket. Maryville company TMEG, Inc. is suing its insurance company, claiming the company failed to pay the full...
Main Street America Introduces BOP, Main Street Station For
To launch Main Street Station for Commercial Lines quoting and policy issuance system through its independent agent-customers in Massachusetts, Connecticut and North Carolina. The Main Street America Group, a property-casualty insurance car...
Wilmington insurance broker Walker Taylor Agency bought by C
A Wilmington insurance brokerage that traces its roots to 1866 has been acquired by a giant, publicly-traded brokerage based near Chicago. The Walker Taylor Agency Inc. will keep its name, management and employees as it becomes part of Arth...
A.I.G. Balks at Claims From Jet Ditching in Hudson
For the first couple of days after his flight ditched into the Hudson River, Paul Jorgenson was just glad to be alive. But then he started to need his laptop, his wallet, his car keys all the essentials he had stowed under his seat and left...
Universal Property & Casualty Insurance Co. Increases Bu
Fort Lauderdale, FL /PRNewswire/ As a leader in the property and casualty insurance marketplace, South Florida-based Universal Property Casualty Insurance Co. certainly understands the science of risk management and protecting the assets of...
Accenture Receives Highest Possible Rating in Leading Analys
NEW YORK--(BUSINESS WIRE)--Accenture (NYSE:ACN - News) today announced that its claims management system, the Accenture Claim Components Solution, has received a Strong Positive rating, the highest possible rating, in Gartners latest Market...
Analysts: P/C Insurers' Hopes for Hard Market Undercutting R
Some property/casualty insurers might be in for a rude awakening with respect to their reserve practices, according to industry experts. The property/casualty insurance sector's ability to properly estimate its loss and loss-adjustment expe...
United Insurance CFO Nicholas Griffin steps down
Nicholas Griffin, chief financial officer of United Insurance Holdings Corp. , resigned from the company. Griffin is stepping down to pursue another opportunity, United Insurance, based in St. Petersburg, said in a release. Griffin said in...
Thunderhead and Guidewire Partner to Optimize Customer Commu
ORLANDO, Fla.--(BUSINESS WIRE)--Thunderhead, a top innovator in document automation and multi-channel communications solutions, and Guidewire Software, a leading global provider of policy administration, billing and claims solutions, announ...
Mississippi court hears Katrina insurance dispute
JACKSON, Miss. A Texas-based insurer should not have to pay for hurricane damages to a Mississippi home caused by a combination of wind and water, company attorneys told the Mississippi Supreme Court on Tuesday. Greg Copeland of Jackson, at...
CFO of Florida's United Insurance Resigns
The chief financial officer of United Insurance Holdings Corp. in St. Petersburg, Florida, has resigned, the company announced. The homeowner insurer said Nicholas Griffin resigned June 5 to pursue another opportunity but will remain with t...
American National Announces AM Best Rating Change
GALVESTON, Texas, June 9 /PRNewswire-FirstCall/ --(Unaudited) AM Best recently downgraded the Financial Strength Ratings of American National Insurance Company (Nasdaq: ANAT) and its subsidiaries American National Property Casualty Company,...
Guy Carpenter Report Finds Power of Remedy Laws in Europe Ex
LONDON--(BUSINESS WIRE)-- Guy Carpenter Company, LLC today published the latest installment in its series of updates on key legislative and legal developments impacting insurers and reinsurers in Continental Europe. The briefing, available f...
Public Entities Await Fema For Decisions On Property Insuran
A change in pressure; Public entities await action on FEMA aid DAVE LENCKUS Hurricane season arrives this week with no word from the Federal Emergency Management Agency on how or when it plans to reconcile inconsistent regulations that gover...
Hard Market For Offshore Rigs Drives Firms To Self-insure
Hard market for offshore rigs drives firms to self-insure ZACK PHILLIPS Some offshore energy firms renewing their windstorm cover in the Gulf of Mexico have opted to self-insure all or many of their facilities in the face of tough pricing an...
United Insurance Holdings Corp. Announces Resignation of Chi
ST. PETERSBURG, Fla., June 9, 2009 (GLOBE NEWSWIRE) -- United Insurance Holdings Corp. (OTCBB:UIHC) (OTCBB:UIHCW) (OTCBB:UIHCU) (United or the Company), announced today that Nicholas Griffin, the Company's Chief Financial Officer, resigned f...
Universal Insurance Holdings To Purchase ICAT Specialty Insu
Universal Insurance Holdings of North America and ICAT Holdings LLC of Boulder, Colo., have received regulatory approval that completes Universal North America's purchase of ICAT Specialty Insurance Co. (ISIC). Under the terms of the agreem...
Celent Cites Hyland Software as the Category Leader for Insu
Annual Insurance Software Deal Trends report shows that Hyland's OnBase has the most traction in both life/health and property/casualty CLEVELAND, June 8 /PRNewswire/ -- Even back in 2007 and 2008, insurers were taking a hard look at their...
Business Insurance: Healthy Families faces potential cuts
Close to 30,000 children in Sonoma, Napa, Marin, Lake, Solano and Mendocino counties would lose health coverage if the governors proposed budget cuts are approved as written, according to estimates by the California Budget Project. Gov. Sch...
Nationwide to drop Houston policies
Nationwide Property and Casualty Insurance wont renew 5,300 Houston-area home insurance policies starting Sept. 17, the company said Friday. The majority of those customers are in Harris County. Nationwide continually reviews its business s...
Decreasing insurance may be costly
There are a number of steps every homeowner should take to lower the cost of property insurance. But reducing the amount of coverage to match today's lower values is probably not one of them. Because it costs more to rebuild than it does to...
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Innovation Group Teams With IBM To Help Reduce
WHITELEY, UK--(BUSINESS WIRE)-- Innovation Group plc (LSE:TIG.L) (Innovation or
P/C Execs Look Ahead to Mitigation, Retention, Rates
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Allstate Applauds Introduction of STANDUP Act
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