News

Bala Cynwyd, Pa.--based Philadelphia Insurance Companies said its founder, James J. Maguire, will retire as chairman.

Insurers challenged the results of a report from the Massachusetts Attorney General that questions the state's relatively new auto insurance "managed competition" system.

The Mississippi Insurance Department is transferring $19 million to the Mississippi Windstorm Underwriting Association to help stabilize coastal homeowners insurance rates.

In a historic Christmas Eve vote, the Senate passed healthcare reform legislation setting the stage for intense negotiations between the House and Senate, but insurance industry officials feel there is much to be concerned about.

In light of compliance challenges, insurers need technologies to help establish sound governance models to ease documentation and lower operational risk. One such technology solution is master data management (MDM).

BB&T bank, the third largest bank in insurance in the nation, said it has named its Chief Executive Officer, Kelly S. King as chairman of the board.