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Washington--Bank sales of commercial lines insurance have jumped more than 200 percent since the financial sector changes in the 1999 Gramm-Leach-Bliley Act went into effect, according to a new study r
The National Conference of Insurance Legislators has added a drafting note to their credit scoring model law allowing insurers to allow for customers' "extraordinary life circumstances" when using cre
The Mayfield Village, Ohio-based insurer said that the coverage, which had been unavailable in any form in West Virginia, will be available through Progressive Direct, its direct market distribution,
Mr. Robinson joined Utica National in 1983 and through the years served in a variety of posts. In 1997 he was named UticaLIFE chairman and CEO. He was named CEO in 2000. Mr. Robinson is also a board m
Senior Brookings fellow Robert Litan said in the brief that catastrophic events like Hurricane Katrina incur costs so large and unpredictable that private insurers either are unwilling to insure again
The American Insurance Association has opposed the backstop fund plan from the outset, while the two other property-casualty trade groups have so far remained silent on the issue while a consensus is
Beat Strebel has been named head of Swiss Re's Latin American unit. Based in Armonk, N.Y., he will be responsible for all of Swiss Re's property-casualty and life & health reinsurance business in Lati
Enkata, a provider of operational performance management (OPM) solutions, has announced the launch of Enkata 6, a new solution designed to deliver industry-specific OPM solutions. The Enkata release
General Electric Company, Fairfield, Conn., is preparing to sell a block of 71 million shares of the Class A common stock of Genworth Financial Inc., Richmond, Va., through an underwritten secondary
New York authorities are attempting to interview an insurance agent in Texas as part of a probe into whether he sold phony insurance to operators of a Lake George tour boat that capsized, killing 20 p
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