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Farmers Mobile Command Center Claims Bus to Visit Kansas Insurance Department Thursday, June 25, 2009
TOPEKA, Kan., June 22 /PRNewswire/ -- Kansas Insurance Commissioner Sandy Praeger and Kansas Insurance Department employees will get a first hand look at one of the Farmers Insurance Group of Companies Mobile Command Center Claims buses (MC... -
Lightning-Related Insurance Claims Up
It may not be divine retribution, but lightning struck U.S. insurers 246,200 times last year -- up 39 percent from the 177,100 claims in 2007. That has boosted the total cost of lightning-related claims for property insurers to $1.065 billi... -
Insurance industry consolidation likely to rise: Report
Consolidation in the insurance industry is likely to increase this year should companies resolve their financial problems, Deloitte L.L.P. said Monday in a report. For both life and (property/casualty) companies, mergers and divestitures ca... -
Deloitte: Insurance M&A Likely to Increase in Late 2009
Increasing numbers of insurers and holding companies are likely to divest non-core insurance businesses in order to fund potential capital shortfalls, resulting in the opportunity for buyers to acquire those businesses on attractive terms, a... -
Deloitte Finds Insurance M&A Likely to Increase in Late 2009
NEW YORK, June 22 /PRNewswire/ -- With many insurers and financial institutions looking to fund potential capital shortfalls by divesting non-core insurance businesses at attractive valuations, strategic buyers and sovereign wealth funds ma... -
FirstBest Systems Named Among Best Places to Work 2009 by Boston Business Journal
BEDFORD, MA - (Marketwire) - 06/22/09 - FirstBest Systems:, Inc., developer of point of sale: Management Systems (TM) (UMS) that enable insurers to take advantage of better prices, announced today it was named Best Place to Work by the Bost... -
Pennsylvania insurance adjuster sentenced to prison in claims fraud case
A former Philadelphia, Pa., insurance claims adjuster will spend eight to 23 months in prison after pleading guilty to collecting on claims for fictitious car accidents. Martin D. Greene, 49, a former employee of GE Property and Casualty In... -
Travelers Championship Officially Begins with Opening Bell(SM) Ceremony at the NYSE
NEW YORK, Jun 22, 2009 (BUSINESS WIRE) -- The 2009 Travelers Championship will officially begin when Travelers Chairman and Chief Executive Officer Jay Fishman rings the Opening Bell at the New York Stock Exchange with colleagues from Trave... -
Breaking Point
Tessa Jackson is giving serious thought to fleeing New Orleans. Since Hurricane Katrina, the Broadmoor residents homeowners insurance company has raised her premium every year. Before the storm, she paid about $1,500 a year. This year, shes... -
Dallas ranks eighth as more owners are driven to dump cars, scam insurers
By MATTHEW WALLER / The Dallas Morning News mwaller@dallasnews.com The economy is down. Gasoline prices are up. And car owners are just plain giving in. Faced with mounting financial pressures, more drivers are taking part in an insurance f... -
Opinion: Consumers should select their property insurers
Gov. Charlie Crist has until June 27 to act on House Bill 1171, which its sponsor says will allow consumers choice in picking property insurance, even from companies unregulated by the state. State Rep. Bill Proctor, R-St. Augustine, sponso... -
Comparing Berkshire Hathaway's GEICO With The Progressive Corporation (PGR)
Today, I reviewed Value Lines latest coverage of the Property/Casualty Insurance Industry.I spent a bit more time onThe Progressive Corporation(PGR) than on most of the other company profiles.I have not followed Progressive in great detail... -
Son learns insurance business at an early age
Not every family finds working together to be a treat, but father and son Bobby and John Weeks enjoy interfacing on a daily basis at Weeks Hunter Insurance, which specializes in property and casualty policies. Bobby Weeks, 62, said he purch... -
Buyers beware as confident home sellers are starting to hold out for the asking price
Buyers are beginning to lose the upper hand in home sales and new evidence suggests that in some parts of the country, sellers are required to successfully close to the asking price. Almost two thirds of estate agents across the country ask... -
End of the cheap fixed mortgage
Britains banks stand to reap a 900m windfall from the recovery as mortgages look set to rise for the first time in a year. Brokers have warned that the average five-year fix could hit 6% within weeks, up from 5.6% at the start of last week... -
Which lenders have increased rates?
There has been further evidence this week that mortgages have bottomed out and are now getting more expensive after eight months of tumbling interest rates. The average two-year fixed-rate deal has climbed from 4.59 per cent to 4.74 per cen... -
Members to the question on mortgage lenders and loan shortage repossession
Mortgage lenders could be crossexamined by MPs next month as part of a commission of inquiry Treasury rising repossession and the chronic shortage of housing loans. The inquiry, announced yesterday, will review the success of government ini... -
Mortgages Fall undermines hopes of recovery
The value of home loans granted by banks and building societies fell by 58 per cent in the year to May as homeowners shunned re-mortgaging deals. Gross mortgage lending totalled an estimated 10.3 billion in May, down 2 per cent compared to... -
A.M. Best Downgrades Ratings of State Farm Florida Insurance
OLDWICK, N.J. - (Business Wire) A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to bb from bbb- of State Farm Florida Insurance Company (State Farm Florida) (headquartered in Win... -
VP Insurance acquires Rockaway Park Condo
Jeffrey Kulikowski and Patricia Kulikowski bought condo Unit #20B at 100-08 Beach 101st St. in Breezy Point/Belle Harbor/Rockaway Park/Broad Channel from Shore Front Developers of Rockaway Park LLC for $594,900 on April 24. Mr. Kulikowski i...
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Berkshire Hathaway’s Insuranc
The Property Casualty Insurers Association of America (PCI) reported full year 2008 results for the industry... -
European Insurance Asset Manage
26 February 2009 - Published in the insurance, fire insurance, accident, dental, financial services, health... -
Willis Group Holdings names CEO
Copyright: Business Wire Source: Business Wire Wordcount: 556 Business Editors / Insurance Writers NEW... -
Wildfires and insurance(insuran
Natural disaster damage losses paid by insurance companies have been doubling every five to ten years... -
New structures to boost the mar
Copyright 2009 Crain CommunicationsAll Rights Reserved Business Insurance March 30, 2009 950 words New... -
Allstate Applauds Introduction
NORTHBROOK, Ill.--(BUSINESS WIRE)-- Allstate Protection President George Ruebenson issued the following... -
When it doesn’t pay to overpa
Borrowers on ultra-low tracker mortgages are being urged to stop overpaying and instead take advantage... -
OneBeacon Launches Energy Insur
CANTON, Ma., June 17 /PRNewswire-FirstCall/ -- OneBeacon Insurance Group today announced the formation... -
FirstBest Announces App Forms R
ORLANDO - FirstBest Systems, Inc., developer of advanced Underwriting Management Systems (UMS) that enable... -
Squatters move into Billionaire
Squatters have moved into a London super-mansion in a road dubbed Billionaires Row, a few doors from a...
Featured
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Universal Property & Casual
Fort Lauderdale, FL /PRNewswire/ As a leader in the property and casualty insurance marketplace, South... -
A.M. Best Downgrades Ratings of
OLDWICK, N.J. - (Business Wire) A.M. Best Co. has downgraded the financial strength rating to B (Fair)... -
UNUM Plan Participant's Short-T
Copyright 2009 Strafford Publications, Inc.All Rights Reserved Texas Insurance Law Litigation Alert February... -
Reinsurance Renewals Clouded by
When reinsurers and their clients gather for renewal discussions at Les Rendez-Vous de Septembre in Monte... -
AIG Replaces Chief Investment O
AIG Replaces Chief Investment Officer Alyn Ackermann American International Group Inc. has replaced its... -
Conning Research: Property-Casu
Results of ownership of industry losses in the coming years will be determined by the recession of 2009,... -
A.M. Best Affirms Ratings of Au
OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating (FSR) of A++... -
Insurance Agents and Brokers In
As the economy continues to struggle, successful insurance agents and brokers are focusing on traditionally... -
Texas Lawmakers Come Up With TW
Texas Lawmakers Come Up With TWIA Funding on Last Day of Session Chad Hemenway AUSTIN, Texas It took legislators... -
Insurer Complaint Data Released
The Missouri Department of Insurance's annual complaint index report has been posted at the department's... -
Steven R. Simon, P.A. Announces
MIAMI--(BUSINESS WIRE)-- Steven R. Simon, P.A. announces that it has filed a class action lawsuit against... -
Nationwide to drop Houston poli
Nationwide Property and Casualty Insurance wont renew 5,300 Houston-area home insurance policies starting...
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