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The company explained that it currently has a wholly-owned company shell, Pioneer Insurance Company, which will be renamed Pioneer Specialty Insurance Company and, after appropriate capitalization, wi
I.I.I. said thousands of homes, businesses and vehicles were destroyed by the twister that sent 205-mph winds through the town of Greensburg, Kan. The Oklahoma town of Sweetwater, about 225 miles sout
Three research papers examining global insurance issues have been named as winners of a collaborative research program by the Geneva Association and the International Insurance ...
ATLANTA--The investment community believes insurance brokers are a good investment in the future, which is why USI Holdings secured backing for its transition to a private company, the firm's chief exe
Max Capital Group Ltd., formerly Max Re Capital Ltd., reported a 6 percent increase in first-quarter net income.The Bermuda-based primary and secondary insurer reported first-quarter ...
The commercial lines market continued to grow in 2005, showing a 1.5 percent increase to $250.28 billion, with written premium growth of just under $4 billion. Though their commercial lines market sha
To be approved, the model law must involve a national standard that requires uniformity amongst all states and receive the commitment of significant regulator and association resources to educate, com
William Stander, regional manager for the Property Casualty Insurers Association of America (PCI), said "persistent problems with personal injury protection claims fraud and abuse have forced consumer
Privately owned Boston-based Liberty Mutual said it has agreed to purchase all Ohio Casualty outstanding common stock shares for $44 per share in cash. The amount is a 32 percent premium over Friday's
The Florida Legislature's passage of a measure allowing the state-created property insurer of last resort to assume more risks is a dangerous financial move for businesses and taxpayers, insurance ind
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