Saturday morning's strike of Hurricane Ike on the Texas coast caused insured property damage of anywhere from as low as $6 billion to as high as $18 billion, the three major catastrophe modelers estim
Assurant Inc. appointed Jane Meyer senior vice president of human resources and Allen Walker senior vice president of organizational development and corporate communications. Meyer will lead Assurant's corporate human resources activities; Walker
The Itasca, Ill.-based firm reported net income for the second quarter dropped $3 million to $41 million compared to the same period last year. The results translated into 45 cents a share from contin
Segments of the property-casualty insurance industry can expect increased merger and acquisition activity in the coming year despite losses and soft market revenue declines, according to a financial a
Stifel Nicolaus & Company said there are indications of some moderation in rate declines and possible rate increases on some lines of business, based on data released by the National Association of In
Meyer Shields, an analyst with Stifel Nicolaus, said in a note that reports from the U.S. Department of Transportation indicate Americans are driving less miles. He speculated that the primary cause o
RLI Transportation, a division of RLI Insurance Company, has expanded its small fleet trucking program to include new retail agents, which previously was limited to existing, appointed agents. The expansion will provide more retail agents with
At Hiscox, Lisa Zanotelli and Derek Rogers have joined Hiscox USA to develop and underwrite the U.S. standalone K&R insurance product. The coverage will be written on an admitted basis through Hiscox
The buyers market has not only continued into 2008 but accelerated, with the average commercial insurance rate decline deepening by 1.5 points to 13.5 percent for the first three months of the year,
In an analyst's note, Meyer Shields, with the investment firm Stifel Nicolaus, said auto insurers can now justify their requests for rate changes because they "can now make a legitimate actuarial case