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Allianz Group reported it moved out of the loss column in 2009 with net income of EUR4.35 billion ($5.87 billion) for the year and EUR1.09 billion ($1.47 billion) for the quarter.
Risk managers in the energy sector rate commodity price fluctuations as the top peril their industry faces, according to a poll released by insurance broker Aon.
Patricia Ann Daniel of Extraco Insurance in Waco, Texas, has been named the Accredited Customer Service Representative of the year by the Independent Insurance Agents and Brokers of America.
The Hartford Financial Services Group Inc. said it has renewed its sponsorship of Richard Childress Racing's No. 33 Chevrolet Impala and driver Clint Bowyer for 2010.
Rules for disclosure of compensation arrangements between insurance brokers and surplus lines insurers are ill defined, according to an industry trade group representative.
Despite budget cuts and the growing strength of social media, insurance firms continued a heavy reliance on direct mail to get their message out, a research firm reported.
The Property Casualty Insurers Association of America (PCI) said it plans to lobby international regulators not to treat insurers as if they pose the same systemic risk as banks.
GuideOne Insurance, a West Des Moines-based carrier that insures churches, private schools and colleges as well as senior living communities, has announced three executive changes.
Beecher Carlson brokerage has agreed to refund $90,000 to Massachusetts customers settling allegations it placed coverage with insurers without telling clients that carriers were paying a fee.
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