News

The Target Markets Program Administrators Association is soliciting program administrators for its Target Markets Insurance Company, a protected cell captive alternative risk option for program administrator errors and omissions risk.

The independent agent brand Trusted Choice grew its carrier membership by two with the addition of The Foremost Insurance Group and Union Mutual of Vermont.

Aon Corp. reported third quarter net income increased 20 percent over the previous year with the the help of acquisitions.

The current soft market in the commercial insurance markets is unsustainable in the long-term, but hardening of insurance prices will only be seen when insurers and reinsurers start to significantly eat into capital reserves.

Allstate Insurance Corp. reported a 16 percent decline in operating earnings in the third quarter of 2010 compared to a year ago because of the costs associated with settling a class action lawsuit.

A vibrant farm industry is currently helping the crop insurance industry cope with the Agriculture Department's decision to substantively cut back its subsidy program, "but every year is a new year."