News

Nationwide Mutual Insurance Co. will acquire Harleysville Mutual Insurance Co. in a deal valued at around $800 million.

Catastrophes caused significant 2011 first-half underwriting losses for U.S. property-and-casualty insurers, driving the industrys net income for that time period to $6.9 billiondown 67 percent relative to the year before, according to an A.M. Best special report.

State Farm will be raising rates by a statewide average of 5 percent in Alabama, but rates in the states two coastal counties will remain flat for the most part.

State Farm will be raising rates by a statewide average of 5 percent in Alabama, but rates in the states two coastal counties will remain flat for the most part.

Dozens of witnesses. Thousands of documents. Conspiracy. A Grand Jury indicts 22 suspects for a startling array of fraud.

HSBC Holdings has approached the top three property-and-casualty insurers in Japan about the sale of its non-life insurance business, which could fetch more than $1 billion, sources close to the matter said on Thursday.