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Nearly two-thirds of U.S. and Canadian consumers are planning to renew or purchase insurance products through an agent in the next 12 months, according to a survey from Accenture.
Insurers are strongly objecting to a proposed regulation that would require officials of an insurance company being liquidated by Federal Deposit Insurance Corp. to prove that they were not responsible for the company’s failure and therefore liable for damages.
Moody’s Investors Service has changed PartnerRe Ltd.’s outlook to negative from stable due to the company’s “outsized” first-quarter catastrophe losses relative to its peers.
State Farm spokesman John Wiscaver has been with the company for 23 years and calls the damage caused by a tornado in Joplin, Mo., “as bad as I have ever seen.”
The Oklahoma legislature has passed a bill that would preclude uninsured motorists involved in accidents from recovering damages beyond medical costs, property damage and lost income.
An investigative report co-published by ProPublica and the Los Angeles Times says CNA Financial Corp. is facing a criminal investigation based on the way it handled claims related to a federally funded program for contractors killed or injured while working overseas.
American International Group Inc. (AIG) and the U.S. Department of the Treasury made available 300 million shares priced at $29 per share, which raised about $9 billion.
American International Group Inc. (AIG) and the U.S. Department of the Treasury made available 300 million shares priced at $29 per share, which raised about $9 billion.
Weather Services International has issued another update to its 2011 predictions for what will surely be a closely watched hurricane season in the Atlantic beginning in about a week.
Florida Gov. Rick Scott’s approval rating has reached a new low, with 57 percent of survey participants not happy with the job the new governor is doing; only 29 percent approve.
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