The firm's statement follows an announcement that Oldwick, N.J.-based A.M. Best rating firm will be probing deeper into companies' data quality to assess their risk management processes and the
Elizabeth Malone, a senior vice president with Wunderlich Securities, Memphis, Tenn., said that despite moves to assert more federal controls, state regulation of insurance is here to stay. She also
The Mayfield, Ohio-based auto insurer reported net income dropped $24 million from $122 million last year to $98 million this year. Net premiums written dropped 4 percent, from $1.27 billion to $1.22
While their ads insist that "Like a good neighbor, State Farm is there," in Florida the carrier is behaving more like Clint Eastwoods character in ...
Reinsurers, according to the brokerage, had sought to turn the tide of rate and (ROL) decreases of 10 percent or more over the last several renewals, but the goal of ceding companies was to lower (or
Marsh & McLennan reported net income dropped 6 percent in the fourth quarter, as the firm eliminated close to 3,000 positions in its insurance and consulting segments and continued to cut expenses
While their ads insist that "Like a good neighbor, State Farm is there," in Florida the carrier is behaving more like Clint Eastwood's character in "Gran Torino"--brandishing a deadly weapon and
The Satellite Agency Network (SAN) Group Inc., based in Swanzey, N.H., has promoted Matthew P. Masiello to president and chief operating officer. Masiello has been with the company since 1993. He attended the University of Maine and is a licensed New
WIAA Insurance Services, the agency arm of the Western Insurance Agents Association, has expanded its carrier portfolio with the addition of Everest National Insurance Co. for workers' compensation. The appointment includes both monoline and
PGI Commercial has acquired the assets of Underwriters & Brokers Inc of Troy, Mich. PGIC will merge the platform and staff of UBI with its existing Michigan office. Underwriters & Brokers Inc. handles a wide range of middle-market commercial