News

American International Group reported yesterday that its second-quarter net income dropped 29 percent as record property-casualty underwriting profits failed to make up for mixed life insurance result

The commissioner announced today that United Service Automobile Association had decided to implement regulations, that other insurers are battling in court, and limit the weight they give to a driver'

WASHINGTON--An agents group said a study has shown that contingency commission payments are key to keeping the independent agency system in place and ensuring the survival of smaller and midsize insure

The insurer said in a regulatory filing that it has already received claims related to the practice of companies back-dating stock options to ensure they are profitable for the grantees, an activity t

Susan Miller, an Oak Street spokesperson, said the company, in business since 2003, has helped 427 agencies who would rather take a loan out than sell a book of business to raise capital. Borrowing ag

Insurers groups are reacting less than enthusiastically to a new Senate bill which would require that whenever a carrier declares a vehicle a total loss, that data is immediately available electronic