State Farm, Florida's second-largest property insurer, announced last week it intends to pull out of the state's catastrophe-prone homeowners marketplace after its request for a 47.1 average rate
In an investor's note, Stifel Nicolaus analyst Meyer Shields said the political criticism that State Farm will suffer from its decision could benefit Allstate, which may attract "some disenfranchised
In an analyst's note, Meyer Shields with Stifel Nicolaus said its review of rates, based on the Insurance Services Office statistics, finds that despite a drop in claims, as economically impacted
An Aon Corp. official urged the Treasury Department to make greater use of the insurance component of the Troubled Asset Relief Program as a means of opening up the currently frozen U.S. credit market
Is the soft market nearing its end as price decreases begin to show signs of moderation and the country's financial turmoil starts to take a toll on insurance company earnings? Industry officials are
Meyer Shields, with Stifel Nicolaus, said that while companies were heralding the rise of prices for commercial accounts during their third-quarter financial results, absent was any discussion of how
Novato, Calif.-based insurer Fireman's Fund Insurance Co. named Darryl Page as president for the personal insurance division of the company and Greg Meyer senior vice president, product management for
That finding came in a report released by the investment firm Stifel Nicolaus, reviewing second-quarter 2008 statutory direct premium and loss data for commercial auto liability, commercial multiple p
Hurricane Ike--which caused anywhere from $6 billion to as much as $18 billion in insured losses, catastrophe modelers estimate--will likely boost the industry's combined ratio, perhaps back over the