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Major insurance brokers are stepping up their game, delivering better service to their customers in a bad economy and surpassing the satisfaction rating of others who in the past would have been considered service leaders.
The Florida insurer of last resort said inspections of the homes and commercial properties it insurers have uncovered some unjustified mitigation discounts.
Florida's Citizens Property Insurance Corp. said inspections of the homes and commercial properties it insures have uncovered some unjustified mitigation discounts.
Progressive Insurance Company's website scored highest overall in a Keynote Systems evaluation of 12 insurers, beating other insurers in three out of four categories and all five tasks Keynote evaluated.
Reserve releases that have cast a smokescreen in front of negative earnings in commercial lines will dwindle as the industry's reserve margin worsens, Moody's said.
Standard & Poor's said Friday it has revised the rating outlook for U.S. personal property and casualty insurance lines to stable from negative, pointing to more favorable pricing among the factors prompting the change.
The latest surveys of rate changes for the group medical and the property and casualty insurance markets reveal a tale of two very different markets--with medical rates continuing to climb and p&c prices still falling.
Property and casualty carrier employment decreased by 0.2 percent in October compared to September, dropping to the lowest employment level in the last 20 years, according to an I.I.I. analysis of Bureau of Labor Statistics data.
American International Group Inc., the Federal Reserve Bank of New York and the U.S. Treasury department have officially signed a deal to repay the government for sustaining the massive company.
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