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The wildfires ravaging Northern California may be the costliest for the insurance industry in more than two decades by the time the blazes are controlled.
News from Westfield Insurance, The Mechanic Group, Ace Commercial and more.
Make plans now to attend NAPSLO’s 2016 Mid-Year Leadership Forum in Scottsdale, Ariz., at the Scottsdale Fairmont Princess, from Feb. 29 to March 2.
The Big I's 2015 Market Share Study reveals that independents still control a majority of the entire P&C market, writing nearly 57% of all premiums....
Is the property and casualty insurance economic picture better from the outside looking in or the inside looking out? A panel of outside experts, followed...
Deere & Co., the world’s largest manufacturer or agricultural machinery, agreed to sell its crop insurance segment to Farmers Mutual Hail Insurance Co. of Iowa,...
Is our industry on the verge of killing the independent agency goose-that-lays-the-golden-egg?
American Financial Group, Inc. has reached an agreement to acquire Summit Holdings Southeast, Inc and its related companies from Liberty Mutual Insurance for $250 million.
ACP Re Ltd. will acquire 100% of the outstanding stock of Tower Group International and merge Tower with a subsidiary. AmTrust will acquire the renewal...
Fitch says it believes Tower's “competitive position has been substantially reduced and has material concerns about Tower's ability to maintain current business.”
Tower Group International says there is “substantial doubt about [its] ability to continue as a going concern" after reporting a $507.3 million 2013 second-quarter net...
Insurance Ratings Agency A.M. Best Co. says 34 rating units failed a stress test to assess capitalization sans the federal terrorism backstop.
Financial analysts from Keefe, Bruyette & Woods have some interesting predictions for the upcoming third-quarter earnings season.
Insurance rating agency A.M. Best Co. says 34 rating units failed a stress test to assess capitalization sans the federal terrorism backstop.
Insurance rating agency A.M. Best Co. has downgraded the financial strength rating of Tower Group following the insurer’s reserve-strengthening announcement.
Due in large part to losses associated with Superstorm Sandy, underwriting results last year among surplus lines carriers fell below results of the P&C industry...
Insurance company ratings agency A.M. Best Co. says it is increasingly looking at auto insurers’ distribution management practices when rating.
Meadowbrook Insurance promises to defend itself and "pursue all remedies" related to securities class-actions against it.
You’ve been in the insurance business for nearly 30 years now, in several leadership roles. What is it that makes heading up American Modern an...
State Farm will reduce its rate request for rental dwelling policies in California by an average of 40 percent in 2017.
Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.