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Insurers have experienced alarming decreases in return on assets and face legislation and other forces making their business increasingly competitive, a consulting firm report has found.
Canal Insurance Company, a commercial truck carrier, announced that John Pollock has been elected the new president and chief executive officer to replace retiring CEO Charles M. "Chuck" Timmons, Jr.
Aon insurance brokerage said the company likes the job that President and Chief Executive Officer Greg Case is doing so much that it has signed him up for another five years.
Pennsylvania regulators said they will take legal action against Kingsway Financial Services, Inc. over its attempt to shed its ownership of troubled Pennsylvania insurer, Lincoln General Insurance Company.
The Florida Department of Highway Safety and Motor Vehicles, Division of Driver Licenses has issued an advisory regarding a glitch in the Division's database.
Bernard Madoff could not be convinced to buy professional liability insurance for his investment services, but legal requirements did force him to purchase a fidelity bond, a specialty broker revealed at an industry conference.
Many insurers are unaware of how much information technology is available to them, and many IT providers don't fully understand what areas carriers want to spend on, according to a study.
Liberty Mutual Agency Markets announced that Carol Sipe has been appointed president and chief executive officer of Summit monoline workers' compensation insurance provider.
Federal Reserve officials woefully underestimated the potential cost of bailing out American International Group, according to a report issued by the Office of the Special Inspector General for the Troubled Asset Relief Program.
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