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Progressive reported a 5 percent dip in net income for the month of December and a 2 percent drop for the fourth quarter, but net income managed a 1 percent gain for all of 2010, the Mayfield Village, Ohio-based insurer reported.
State Farm has filed a federal lawsuit in South Florida alleging that a surgery center, its doctors, a medical manufacturer, and attorneys embarked on an intricate scheme to defraud the insurer out of $13 million.
ReSource Pro, an insurance process outsourcing provider, announced it has received the ISO/IEC 27001 information security management certification from the International Organization for Standardization, a publisher of global business standards.
ReSource Pro, an insurance process outsourcing provider, announced it has received the ISO/IEC 27001 information security management certification from the International Organization for Standardization, a publisher of global business standards.
The GAO has issued a report stating that the government’s ability to make a profit on its investment in American International Group now depends on the economy and the ability of AIG’s management to grow the business.
The Bermuda insurance market is unlikely to see widespread upward rating pressure over the next 12 to 18 months, according to Fitch Ratings, but individual insurers and reinsurers in this market could see upward pressure with the right strategies.
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