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Study: Midsize Cars In Low-speed Crashes Costly To Fix
Drivers of new midsize cars will take a big financial hit if they get into traffic accidents even at speeds as low as 3 mph, according to a new study. A crash-test study of midsize cars showed that even at low speeds of up to 6 mph, the chea... -
Travel Survey Finds Americans Suffering from ‘Vacation Deficit’
RICHMOND, Va.--(BUSINESS WIRE)-- When someone thinks of a deficit, they think of budget woes. But a new survey finds that the United States is in the throes of a serious vacation deficit. According to a just-released survey of travelers... -
AIR Worldwide Updates its U.S. Earthquake Model to Reflect Significant Advances in Science and Engine
BOSTON--(BUSINESS WIRE)-- Catastrophe risk modeling firm AIR Worldwide Corporation (AIR) announced the availability of an update to its probabilistic earthquake risk model for the United States. The model is used by insurers, reinsurers, cor... -
Last-resort Insurer Wants Rates Raised
Aug. 5--Thousands of homeowners who have policies with the state's insurer of last resort could see another double-digit rate increase later this year. The board of the Texas Fair Access to Insurance Requirements Plan voted Tuesday to ask st... -
NAIC's Insurance Compact Amends Filing Rule
The Interstate Insurance Product Regulation Commission is giving insurers extra time to transition some of their systems to the standards used for the National Association of Insurance Commissioners' compact. The IIPRC, better known as the... -
Insurance Coverage On The Final Frontier; Space Tourism A Giant Leap For Insurers
As last weeks 40th anniversary of the moon landing focused attention on the future of manned space flight, observers said early providers of space tourism would face expensive pricing for property and liability cover and possibly scarce capa... -
South Carolina Report Finds Captive Concerns
South Carolinas top insurance regulator says the states insurance department has addressed or is working to correct concerns about the states captive insurance regulation raised in a report from South Carolinas Legislative Audit Council. The... -
Philadelphia Insurance Companies Named to 2009 Ward's Top 50
Philadelphia Insurance Companies was selected to the 2009 Ward's 50 group of the top performing property-casualty insurance companies in the industry for the 9th year in a row. Ward Group, based out of Cincinnati, completed the in-depth revi... -
Fitch Releases Special Report on Analyzing Prior Period Loss Reserves
In a new report, Fitch Ratings discusses property/casualty insurer loss reserves for older underwriting periods, and challenges in assessing reserve strength for insurers with longer tail claims liabilities. Reserves from accident years befo... -
House Passes National Flood Insurance Program Extension
Big I commends passage and calls for updates to NFIP that protect homeowners and small businesses WASHINGTON, D.C., July 29, 2009 The Independent Insurance Agents Brokers of America (the Big I) today commended the passage of the National Fl... -
Billionaire Insurance Exec Attacks Middle Class With Ballot Initiative to Increase Auto Insurance Pre
SANTA MONICA, California, July 30 / PRNewswire-USNewswire / - The billionaire chairman of Los Angeles-based Mercury Insurance Company organized a ballot measure that would legalize surcharges of hundreds of dollars for car insurance, to pen... -
Steven R. Simon, P.A. Announces Filing of Class Action Suit against the Hartford for Underpayment of
MIAMI--(BUSINESS WIRE)-- Steven R. Simon, P.A. announces that it has filed a class action lawsuit against Hartford Insurance Company of the Midwest in Broward County Circuit Court yesterday. The lawsuit alleges that The Hartford refused to p... -
Rain, Rain Go Away, Or Insurance Will Have To Pay
For those irritated, distraught and downright angry that rain has dampened their vacation, there is insurance available for the interruption of sunshine. Aon France has partnered with French-based travel-planning groups Pierre et Vacances an... -
Sour Economy Squeezes Buyers, Brokers Alike
INSURANCE BROKERS of all sizes agree that times are tough for them and their clients. The economic recession that began in late 2007 has created big challenges in the brokerage industry, as we report beginning on page 11. Most firms have had... -
Economy Cools M&A Enthusiasm
Economy cools MA enthusiasm; Buyers and sellers exercise more caution in potential deals SALLY ROBERTS Uncertainty about the economy, insurance pricing and the political environment, coupled with tight credit markets, have slowed the number... -
National Insurance Corporation Announces Strategic Alliance with Brokers International Ltd.
NEW YORK--(BUSINESS WIRE)-- National Insurance Corporation, a subsidiary of National Holdings Corporation (OTCBB: NHLD) - a full service investment banking holding company, announced today they have entered into a strategic alliance with Bro... -
Direct-only deals dominate the market
Homeowners using mortgage brokers to find a new deal have been warned that two-thirds of deals are now only available directly from lenders. Research by Moneyfacts.co.uk, the financial website, has found that intermediaries can advise on on... -
Nationwide Insurance, Allied Insurance Responding to Hail Storm in Denver Area
COLUMBUS, Ohio--(BUSINESS WIRE)-- Nationwide Insurance and Allied Insurance claim representatives and agents are prepared to assist customers affected by the recent hail storm in the Denver area. Procedures are in place to provide quick resp... -
State Farm, Customers At Odds Over Award
State Farm Fire Casualty Co. argued in federal court Wednesday that the company should not have to pay policyholders $174,811.80 for Katrina damage attributed to wind because an umpire and two appraisers who set the amount strayed into deter... -
Mortgage lenders are failing consumers in their hour of need
Mortgage lenders are failing to help long-standing customers who have lost their jobs. Several readers have written to Sunday Times Money to say their lenders are refusing to offer them assistance, or even to give them a fair hearing, when...
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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... -
New structures to boost the mar
Copyright 2009 Crain CommunicationsAll Rights Reserved Business Insurance March 30, 2009 950 words New... -
Willis Group Holdings names CEO
Copyright: Business Wire Source: Business Wire Wordcount: 556 Business Editors / Insurance Writers NEW... -
When it doesn’t pay to overpa
Borrowers on ultra-low tracker mortgages are being urged to stop overpaying and instead take advantage... -
Wildfires and insurance(insuran
Natural disaster damage losses paid by insurance companies have been doubling every five to ten years... -
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... -
A Market in Flux: Insurers at R
Insurance companies are finding their sea legs in a different kind of market, the likes of which they've... -
Two veterans Corporate Risk Joi
NEWPORT BEACH, California, May 11, 2009 (BUSINESS WIRE) - Alliant Insurance Services, the nation's largest...
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Universal Property & Casual
Fort Lauderdale, FL /PRNewswire/ As a leader in the property and casualty insurance marketplace, South... -
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... -
A.M. Best Downgrades Ratings of
OLDWICK, N.J. - (Business Wire) A.M. Best Co. has downgraded the financial strength rating to B (Fair)... -
Insurance Agents and Brokers In
As the economy continues to struggle, successful insurance agents and brokers are focusing on traditionally... -
Conning Research: Property-Casu
Results of ownership of industry losses in the coming years will be determined by the recession of 2009,... -
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... -
J.D. Power and Associates Repor
Overall customer satisfaction with auto insurance companies is up significantly in 2009, driven primarily... -
AM Best Looks over AIG's Restru
AM Best has said that the ratings and outlook of the property/casualty subsidiaries of American International... -
AIG Shares Slump In Wake Of Rev
SAN FRANCISCO (MarketWatch) -- When American International Group proposed a reverse stock split earlier...
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