White Mountains Solutions Holding Co. says it has entered into a definitive agreement to acquire Physicians Insurance of Ohio and Citation Insurance Company from PICO Holdings, Inc.
Two major wildfires continue to burn in Colorado and New Mexico weeks after lightening ignited the infernos, and the active blazes have prevented insurers from assessing the extent of homeowner losses.
Insurance broker Aon may not be doing much California dreaming after a U.S. District Court struck down its assertion that several former employees violated their restrictive covenant agreements after leaving the company.
Claims professionals performance as a whole is improving, and the greater focus on claims service in recent years comes just in time to address new and emerging risks that will challenge the insurance industry over the next decade, according to the chief executive of Willis Group Holdings.
Analysts agree that a drop in P&C reserve releases is inevitable as years of soft-market pricing catch up with loss realitiesand one report questions 2011 releases from recent accident years for longer-tail commercial lines.
Consumer advocates and an industry representative disagreed on the competitiveness of the auto-insurance industry after a consumer group released results of an auto-insurance affordability survey.
Workers compensation results are a drag on the P&C insurance industrys numbers, producing a combined ratio that is 7 points worse than the industry as a whole, according to a report by Fitch Ratings.
Brokers will likely benefit from the uncertain future for U.S. healthcare reforms as demand for brokers services should increase, according to Moodys Investors Service.
The New York State Department of Financial Services ordered force-placed insurers to submit new proposals for premium rates, contending that the industry charges homeowners too much, an order that was music to consumer groups' ears.
The New York State Department of Financial Services ordered force-placed insurers to submit new proposals for premium rates, contending that the industry charges homeowners too much, an order that was music to consumer groups' ears.