• 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...