News

In a report filed with the Securities and Exchange Commission, Allstate says the number of Allstate-exclusive agencies has fallen to about 10,000 from about 11,500 in 2010.

Numerous regions of the U.S. experienced severe-weather events last year, from scorching heat and raging wildfires to record flooding and tornado clusters.

Itasca, Ill.-based insurance broker Arthur J. Gallagher says it is expanding its excess and surplus-lines business into Louisiana with the acquisition of First Premium Insurance Group Inc.

Longtime insurance veteran Charles L. Ruoff, president of the consulting firm CR Market Strategies Inc., says a recent report from the Consumer Federation of America (CFA) raises some valid points concerning a shrinking marketplace and the need for the industry to take on more risk, such as flood coverage. (Released...

Berkshire Hathaways insurance group reported a 30.5 percent drop in pre-tax earnings in 2011, driven mainly by $2.6 billion in pre-tax losses from catastrophe events.

The Florida House Economic Affairs Committee has advanced legislation to reform the states no-fault Personal Injury Protection (PIP) program.