Jerry Hagins, a spokesman for the state insurance department, said the Allstate subsidiary in 2004 had filed for "a 1 percent rate decrease, but we didn't feel that was adequate." He said the departm

"The outlook was revised to stable due to the company's demonstrated ability to maintain margins in the last few quarters," explained Tracy Dolin, S&P's credit analyst. "In addition, AmWINS is committ

The study, titled "Creating Value: Effective Risk Management in Financial Services," found that the risk management function, despite considerable investment, is often disengaged from the rest of the

o Michael F. Keating, president of Michael J. Keating Agency Inc. in West Hartford, Conn., and Howard Olderman, president of The Olderman and Hallihan Agency Inc. in Ansonia, Conn., were named as vice

McLagan Partners, a subsidiary of Aon Consulting, announced it has acquired Z/Yen Limited, a London-based market intelligence firm. Terms of the deal were not released.Z/Yen ...

According to the announcement, under the agreement, TIG will pay Silverstein and the Port Authority $12,535,000 toward the rebuilding of the World Trade Center, which is in addition to a prior payment

The Bermuda-based reinsurer will use the net proceeds from the sale to pay a cash distribution to the parent White Mountains, which in turn will use the majority of this distribution to repay its outs

At the spring meeting of the National Association of Insurance Commissioners in New York this week, the Financial Condition Committee sent a disaster reporting framework proposal back for some retooli