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The Mayfield, Ohio-based auto insurer reported net income dropped $24 million from $122 million last year to $98 million this year. Net premiums written dropped 4 percent, from $1.27 billion to $1.22
Reinsurers, according to the brokerage, had sought to turn the tide of rate and (ROL) decreases of 10 percent or more over the last several renewals, but the goal of ceding companies was to lower (or
Marsh & McLennan reported net income dropped 6 percent in the fourth quarter, as the firm eliminated close to 3,000 positions in its insurance and consulting segments and continued to cut expenses
In tough economic times like these, people do what they have to do to put bread on the table, and inevitably some of those people turn to criminal activity as a source of income. What does that mean
While their ads insist that "Like a good neighbor, State Farm is there," in Florida the carrier is behaving more like Clint Eastwood's character in "Gran Torino"--brandishing a deadly weapon and
Florida Insurance Commissioner Kevin McCarty tried to lobby Congress today for federal supports for an $18.5 billion shortfall in the state's Hurricane Catastrophe Fund and was hit with criticism
The National Council on Compensation Insurance (NCCI) amended its filing to request an increase of 6.4 percent after Insurance Commissioner Kevin McCarty issued an order denying a filing for an 8.9
Only federally regulated financial institutions will be eligible for the various aid programs, according to the official, who cannot be identified by name due to ground rules established by the
Only federally regulated financial institutions will be eligible for the various aid programs, according to the official, who cannot be identified by name due to ground rules established by the
The "U.S. Property-Casualty Review & Preview" report noted that the industry's operating results "were marked by ongoing soft market conditions, above-average catastrophe losses, higher underwriting
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