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By Phil Gusman, PropertyCasualty360.com |
May 17, 2012
Progressive could be the biggest beneficiary if increasing personal-lines rates trigger more shopping behavior among consumers, as the Mayfield Village, Ohio-based insurer typically gains share when rates rise, according to a Stifel Nicolaus report.
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By Staff Writer |
May 16, 2012
Brown & Brown Acquires Richard W. Endlar Insurance Agency, Admiral Insurance Co. Introduces Professional Exposure Policy and Brownyard Group Wins Marketing Award
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By Mark E. Ruquet, PropertyCasualty360.com |
May 16, 2012
Mayfield Village, Ohio-based auto-insurer Progressive reports net income for the month of April dropped 48 percent as catastrophes and a bond repurchase affected earnings.
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By Anya Khalamayzer, PropertyCasualty360.com |
May 14, 2012
All too often, agent experience is at the bottom of the list when it comes to IT investments by insurance companies. But not at Pa.-based Erie Insurance, which in March named Mark Hammerstein vice president of agent experience.
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By Chad Hemenway, PropertyCasualty360.com |
May 14, 2012
Progressive Corp. has filed separate patent-infringement lawsuits against Hartford Financial Services and State Farm over usage-based auto insurance.
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By Arthur D. Postal, PropertyCasualty360.com |
May 11, 2012
The Heartland Institute has agreed to split off its insurance-research unit effective May 31.
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By Chad Hemenway, PropertyCasualty360.com |
May 10, 2012
First-quarter net income at Nationwide was $508 million, compared to $501 million for the same period a year ago, but operating income fell more than 40 percent.
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By Arthur D. Postal, PropertyCasualty360.com |
May 9, 2012
The Heartland Institute and its insurance-centric Washington unit are negotiating a divorce, a process said to be accelerated by distress over the institute’s now-suspended ad campaign linking support for global warming with serial killers.
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By Chad Hemenway, PropertyCasualty360.com |
May 4, 2012
State Auto Financial Corp. reports a $2 million net loss for the first quarter, but it could have been worse.
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By Mark E. Ruquet, PropertyCasualty360.com |
May 4, 2012
State Auto Financial Corp. reports a net loss of $2 million for the first quarter of this year as the combination of underwriting loss and increased expense weighed on results.