Commercial Lines

Nationwide CFO says agents should grow commercial and financial services businesses because personal lines will become less significant to them.

The Kentucky Department of Insurance has proposed a plan to take over the management of the troubled funds used for school board Workers Compensation and property and liability claims at a much lower cost to the school districts.

The Kentucky Department of Insurance has proposed a plan to take over the management of the troubled funds used for school board Workers Compensation and property and liability claims at a much lower cost to the school districts.

Super Typhoon Haiyan destroyed about 70 to 80 percent of structures in its path as it tore through Leyte province on Nov. 8. Huge waves from one of the strongest storms ever recorded swept away coastal villages.

Consolidation in the airline industry and pushed-back renewal dates has created a concentration of renewal activity, but at reduced premiums, in the final six weeks of 2013.

Allianz said it expected operating profit of slightly more than $13 billion in 2013, edging over the top of its own target range and in line with analysts' expectations.