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The Allstate Corporation reported a 15.5 percent drop in third-quarter net income last night, attributing the decline to higher catastrophe losses and a lack of favorable loss development that boosted
Wells Fargo Third Party Administrators Inc., a subsidiary of San Francisco-based Wells Fargo & Company, said it has acquired JSL Administrators, a subsidiary of J. Smith Lanier & Co. The purchase cost
New York Insurance Superintendent Eric Dinallo, breaking away from other states' regulators, said today he planned to do away with collateral requirements for foreign reinsurers with good financial r
The National Association of Professional Insurance Agents' new president said he believes the most pressing issue facing the insurance industry and its customers today is finding a solution to catastr
The National Association of Professional Insurance Agents' new president said he believes the most pressing issue facing the insurance industry and its customers today is finding a solution to catastr
A Connecticut judge ruled yesterday that Arch Capital Group Ltd. had taken Gen Re trade secrets, and he issued an injunction barring Arch from further divulging of the company's proprietary informatio
During a conference call John A. Allison, chairman and chief executive officer, said insurance fees were "fairly challenging" in the quarter in part due to seasonal downtrends but also the competitive
Based in San Diego, London American is a full-service managing general agent and program underwriter for the commercial transportation business with a special focus on limousines, truckers and transpo
Steven N. Weisbart, vice president and chief economist for the Insurance Information Institute, will address agents during the 26th annual Downstate Insurance Associations Council meeting next month i
Aon Corporation insurance brokerage said that key management liability insurance markets in Bermuda have for the first time agreed to accept a single excess policy form from Aon for quota-share agreem
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