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As the population of "baby boomers" born between 1946 and 1964 heads closer to retirement, many face the reality that their years of hard work have not provided enough for a comfortable retirement.
In insurance, we plan for and anticipate certain risks, but life and circumstances dictate what really happens. Often our best bet in avoiding pitfalls is thoroughly analyzing insureds' potential risks to ensure appropriate coverage.
American International Group Inc. said the sale of one foreign insurer and the initial public offering of a second have raised enough money to repay a line of credit it has with the Federal Reserve Bank of New York.
The Target Markets Program Administrators Association is soliciting program administrators for its Target Markets Insurance Company, a protected cell captive alternative risk option for program administrator errors and omissions risk.
The independent agent brand Trusted Choice grew its carrier membership by two with the addition of The Foremost Insurance Group and Union Mutual of Vermont.
The current soft market in the commercial insurance markets is unsustainable in the long-term, but hardening of insurance prices will only be seen when insurers and reinsurers start to significantly eat into capital reserves.
Allstate Insurance Corp. reported a 16 percent decline in operating earnings in the third quarter of 2010 compared to a year ago because of the costs associated with settling a class action lawsuit.
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