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Lloyd's of London announced that its 2009 pre-tax profits more than doubled, to ?3.86 billion ($6.2 billion) compared to ?1.89 billion in 2008 ($2.82 billion at today's rate).
Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.
Clarendon National Insurance Company has paid a $360,000 fine for overcharging auto insurance policyholders and refunded customers approximately $992,000, the New York State Insurance Department said.
Zurich, an insurer for 37 big technology firms, said it has launched a tool tech companies can use to evaluate the state of their enterprise risk management.
The questions surrounding property fires are often as cloudy as the residual soot and ashes. Claim professionals must sift through the miscellaneous debris to determine coverage and reach a fair resolution.
The Hartford Financial Services Group Inc. has completed its previously announced equity and debt offerings, part of the insurer's plan to repay the $3.4 billion it borrowed from the Treasury under the Troubled Asset Relief Program.
The Professional Insurance Agents of New York (PIANY) said it will not join a lawsuit challenging the legality of the New York State Insurance Department's producer compensation disclosure regulation.
Lloyd's of London announced that its 2009 pre-tax profits more than doubled, to ?3.86 billion ($6.2 billion) compared to ?1.89 billion in 2008 ($2.82 billion at today's rate).
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