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Nationwide Insurance reports a 2011 second-quarter net loss of $292 million, driven almost exclusively by weather-related losses that were among the highest the company has ever experienced in the first half of a year.
Nationwide Insurance reports a 2011 second-quarter net loss of $292 million, driven almost exclusively by weather-related losses that were among the highest the company has ever experienced in the first half of a year.
Auto insurer Progressive Corp. says its second-quarter net income rose 16 percent to $245.2 million as net premiums written increased 3 percent during the same time.
Auto insurer Progressive Corp. says its second-quarter net income rose 16 percent to $245.2 million as net premiums written increased 3 percent during the same time.
Exigen Insurance Solutions, a provider of insurance core systems, announces that BillingCore v3.6 is now available. BillingCore is a best-of-breed component of Exigen Suite, an enterprise suite for policy administration, billing, and claims management.
Exigen Insurance Solutions, a provider of insurance core systems, announces that BillingCore v3.6 is now available. BillingCore is a best-of-breed component of Exigen Suite, an enterprise suite for policy administration, billing, and claims management.
The Association of British Insurers (ABI) says carriers are expecting significant losses of more than 100 million pounds ($162 million at current exchange rate) from damages caused by rioting in boroughs of London and other cities.
American International Group Inc. swung to a profit with second-quarter net income of $1.8 billion compared to a net loss of $2.7 billion for the second quarter a year ago.
Insurers and reinsurers will not likely see a direct impact from Standard & Poors recent downgrade of U.S. long-term sovereign debt, experts say, but the underlying economic conditions that led to the downgrade could cause some of the same issues experienced in 2008 to re-emerge.
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