News

Weather-related claims activity and a doubling of revenue in its legal settlement division led Crawford & Company to a 22-percent increase in second-quarter consolidated revenues.

Transatlantic Holdings says the acquisition proposal it received from Berkshire Hathaway subsidiary National Indemnity Co. is not better than the merger agreement it has in place with Allied World Assurance Co. Holdings.

Personal lines carriers and their commercial lines counterparts have at least one thing in common when dealing with independent agents: It is absolutely critical for carriers to offer solutions that make it easy for agencies to place business.

The CPCU Society Board of Directors has voted to pursue a formal affiliation with The Institutes.

Germany-based Hannover Re says net income as of June 30 was $312 million for, down nearly 30 percent from $443.5 million for the first half of 2010.

The California Earthquake Authority last week turned to the capital markets and tapped a new special-purpose vehicle to securitize its risk, a move which is credit-negative for the reinsurance industry, according to Moody’s Investors Service.