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The data source for this report is the National Association of Insurance Commissioners Annual Statement Database via Highline Data, which is a Summit Business Media affiliate of NU. All data is net of reinsurance and current as of early July.
Susanne Sclafane
Two-thirds of the top 100 insurance groups saw net premiums written increase in 2010, but combined ratios worsened for just about as many, according to the latest midsummer NU’S Top 100 P&C Ranking. NU looks past $17 billion in reserve takedowns for the industry, a $5 billion boost for Chartis,...
Arthur D. Postal
As of this writing, the Senate Banking Committee is preparing to act on legislation that would provide a long-term reauthorization of the National Flood Insurance Program (NFIP).
Mark E. Ruquet
An Allstate agents’ group is asking its members to consider aligning with a union and forming a guild to aid in its fight against what the group says are unfair business practices toward agents by the company.
Caroline McDonald
The Prudential New Jersey Captive Insurance Co. (NJCAP) has been approved as the first captive insurer to be licensed in the state, according to the New Jersey Department of Banking and Insurance.
Robert Regis Hyle
In what industry observers are describing as a “significant deal,” Accenture has entered into an agreement to acquire privately held Duck Creek Technologies, which specializes in software solutions for the property and casualty insurance industry. Terms of the transaction, which is expected to close within the next 30 days, were...
Terry Fleming
The story of how one risk manager, Terry Fleming, came to find his career calling—and his life’s partner.
Arthur D. Postal
It remains unclear whether the federal government will be able to fully recoup its investment in American International Group (AIG), the Government Accountability Office (GAO) says in a new report.
Mark E. Ruquet
Two reports on catastrophe bonds show they are heavily weighted toward U.S. hurricane risks. Investors, “keen” on the cat-bond market overall, are eager to place their dollars in other cat-bond categories as well.
Mark E. Ruquet
Zurich Financial Services Group says it has signed a definitive agreement with Banco Santander SA to buy a majority interest in the bank’s Latin America insurance operations.
Mark E. Ruquet
An independent insurance-agents’ group is protesting a program where buyers of new GM automobiles receive a one-year auto-insurance policy at no extra cost through MetLife, but MetLife says the plan complies with state regulations.
Arthur D. Postal
The National Association of Insurance Commissioners (NAIC) has decided an indirect, behind-the-scenes approach to reducing the strain on health-insurance agents through the medical-loss ratio (MLR) provision will be most effective.
Bryant Rousseau
We—and by “we” I mean humans—love lists. As intensely social, status-conscious animals, something buried deep in our DNA makes us relish rankings of the best and the biggest or the weakest and the worst.
Robert Detlefsen
Third-party litigation funding is a burgeoning industry that threatens to increase the volume of litigation and drive up litigation-defense and claim costs. The NAMIC argues the practice should be prohibited.
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Copyright © 2024 ALM Global, LLC. All Rights Reserved.
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