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In the wake of heavy flooding in Texas, officials there said they have issued a reminder to insurers of their responsibilities concerning changing title information on vehicles that have been inundate
A.M. Best Co. said Employers Direct Insurance Company (EDIC), a California-based specialty workers' compensation carrier recently acquired by Alleghany Corp., has been given a financial strength ratin
Liberty said Dwight W. Bowie, president and chief executive officer of its Peerless Insurance unit, has been named to lead the transition of Ohio Casualty Corporation to Liberty Mutual Agency Markets
The company discussed its investment exposure to the subprime market during an earnings call last week. Management said that highly rated and higher-quality holders would help the company minimize any
The company discussed its investment exposure to the subprime market during an earnings call last week. Management said that highly rated and higher-quality holders would help the company minimize any
Regulatory reforms of workers' compensation systems in several large states have driven down losses for insurers and cut premiums for risk managers, while improved loss control and safety initiatives
There is "no compelling evidence" that the use of credit scoring discriminates against minorities, the Federal Reserve Board says in a new report--cited by insurers as further evidence their use of
"[Hurricane] Katrina did hurt me," he said. However, he maintains "the interesting thing is that we didn't get killed on the Gulf Coast," even with unfavorable publicity. Mr. Dale said he garnered 40
The U.S. Department of Homeland Security told Congress last week in an interim report it has uncovered "no evidence" that private homeowners carriers improperly shifted Hurricane Katrina wind-damage
Risk managers should not be lulled into a false sense of security because workers' comp frequency is falling and insurers keep cutting premiums, according to one major carrier who urged buyers to
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