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AIG Faces Host of Obstacles to Sale of Asia Assets
A year ago, when American International Group Inc. [18540] announced plans to sell its life insurance businesses in Asia and refocus on its nonlife business, speculation on potential buyers circulated rapidly, involving rival insurance grou... -
Billboard Blasting Mercury Insurance Is Removed
California-based Consumer Watchdog, a nonprofit consumer advocacy organization, said Mercury Insurance has threatened to sue the owners of a billboard the group used to display a statement that reads, Consumer Watchdog says: You can't trust... -
Quality Claims Management: Many 2007 Fire Victims Still Have Not Been Able to Resolve Their Insurance
Quality Claims Management Corp. has revealed that most of the homeowners whose property was destroyed or damaged in the 2007 Southern California wildfires have not yet been able to rebuild their homes. Out of the San Diego County residents... -
Reinsurers Refuel After Tough Year
Despite the drubbing they took on their investments in 2008, reinsurers survived the financial crisis better than many others in the financial sector and their capital positions have improved significantly during the past few months, observ... -
Travelers' Survey Sheds Light on Social Media Risk for Businesses
As the number of people using social media continues to grow, so do questions about the potential exposures that businesses may face from employee use of the online medium. Twitter has set the pace for this growth with 20.9 million unique v... -
Weathering Hurricane Season Without Devastating Property Insurance
Jimena Hurricane landfall in Mexico, signaling the advent of hurricane season, a new analysis of property insurance highlights the effects of regulation in the wake of natural disasters. In Disasters and performance in property insurance, a... -
Lawsuit: Flood Insurance Neglects Species Threats
PHOENIX_An environmental group is trying to slow development near ecologically fragile dry washes and desert riverbeds in Arizona by targeting the federal agency that provides the flood insurance essential to building there. WildEarth Guard... -
Ignore risk management is Risky Business: Ernst & Young
Corporate fraud, data theft, financial reporting risk-and a host of others-can cost organizations dearly, says Ernst Young in a new survey. That's why it's so important for today's businesses to get their risk management strategies right. D... -
Marsh expands its collaboration with GreenRoad provide risk services to all customers Fleet
NEW YORK--(BUSINESS WIRE)-- Marsh, the world's leading insurance broker and risk advisor, and GreenRoad, a leader in improving driving behavior, today announced that they are teaming together so that all Marsh U.S. brokerage clients will ha... -
As wildfires burn in California, The Hartford Advises owners and businesses to take precautions
HARTFORD, Conn.--(BUSINESS WIRE)-- Wildfires continue to blaze throughout California, destroying hundreds of thousands of acres and threatening communities from Los Angeles to Sacramento. As the fires encroach on populated areas, The Hartfor... -
Don't Insure Everything, Just the Things You Might Mind Losing
A new national survey commissioned by Allstate Insurance reveals college-aged adults are acquiring things at a prodigious pace. However, protecting those things is of little concern - to themselves or the parents who support them. In the stu... -
Burglars Using Social Networks To Target People Report Says 410597
Users of social networking sites are giving away vital information about themselves and their whereabouts that is being used by professional burglars to establish a list of targets. So found a survey sponsored by British insurance firm Lega... -
Swiss Re Calls On Governments To Change The Way They Handle Disaster Risk
One of the most notable things about the aftermath of any major natural disaster is the substantial gap between total losses and total insured losses. If Swiss Re has its way, this gap could narrow a great deal. The Switzerland-based reinsu... -
Illinois Ends Credit-Rescoring Mandate
Illinois Gov. Pat Quinn signed industry-backed legislation to eliminate a state mandate that insurers recheck policyholders' credit information every three years. Intended as a consumer protection, the re-scoring requirement added costs to... -
Slight Increase Proposed For Iowa Workers' Comp Rates
Citing an uptick in experience, trend and benefits, the National Council on Compensation Insurance proposed an average 2.3% workers' compensation rate increase for Iowa. The average effect on individual industry groups varies from a dip of... -
Insurance Agents Flooded With Calls
The phone has been ringing a lot at Havelock's Nationwide Insurance since Aug. 12, the day the rains came. While some have been filing claims related to the severe thunderstorm and flooding, more people are asking questions about flood insu... -
Drop in California's Workers' Compensation Spending Slows Growth in National Spending in 2007
U.S. workers' compensation payments for medical care and cash benefits for workers injured on the job increased 2.0 percent to $55.4 billion in 2007, according to a study released today by the National Academy of Social Insurance (NASI). The... -
Swiss Re Urges Governments to Prepare for Uninsured Cat Losses
Swiss Re is urging governments to close the gap between economic losses and insured losses from natural catastrophes. At Swiss Re's Nordic Risk and Insurance Summit in the Finnish capital of Helsinki, the company's chief risk officer Raj Si... -
Three Hot Topics in Catastrophe Storm Research: One Special Session Slated by FSU Catastrophic Storm
Is the nation's insurance system prepared for the Big One? Can consumers and businesses afford (or be willing) to pay for premiums to cover these kinds of losses? Should new storm-related legislation focus on state funds, reinsurers, or prim... -
Texting-While-Driving Doubles in 18 Months Among Washington Drivers
A poll by PEMCO Insurance reveals that the practice of reading and sending text messages while driving has more than doubled in the past 18 months, even while an increasing number of drivers believe the activity is unsafe. The poll, taken in...
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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...
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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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