Endurance Specialty Holdings Ltd. is getting some static from its largest shareholder, who has taken the unusual step of filing a form with the U.S. Securities and Exchange Commission to suggest he’s displeased with recent management changes at the company, and that the company consider a merger or acquisition.
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Marsh Inc. said it has appointed two senior executives to leadership roles in its U.S. organization…
The NAIC today released two sets of data that help provide an indicator of the degree of market concentration in lines of business and identify leading insurance writers…
The National Association of Insurance Commissioners (NAIC) recently named eighteen funded and ten unfunded consumer liaison representatives for 2010. Seven of the funded consumer representatives participated in the program in 2009, while eleven are new to the NAIC program…
MetLife’s P&C operations outperformed the industry, returning 22.3% on its equity, compared to a median of 2.9% for the 41 companies that were ranked. MetLife’s operating ratio of 84.5% was also lower than the median operating ratio of 94.4%…
Centennial, CO – March 2, 2010 – Colorado Casualty, a Liberty Mutual Agency Markets regional company, today introduced its…
Firm Taps Regina Spratt to Lead National Brokerage Business; Edward Lynch to Lead Business Development for Marsh & McLennan Agency. As it focuses on accelerating growth across the U.S., Marsh, the world’s leading insurance broker and risk advisor, is intensifying its efforts to expand its business to a full range of U.S. insurance buyers.
In 2009, State Farm handled nearly 13 million fire and automobile claims and paid out more than $32 billion — an average of $88 million every day. The largest U.S. home and auto insurer still managed to turn a $777 million profit in 2009, compared with a $542 million loss the prior year….
After expanding to Hawaii in 2009, captive insurer management company Strategic Risk Solutions has taken the next step and opened a Honolulu office…
People Can Now Easily See Car Insurance Group’s Efforts on Sustainability, Community Involvement and More. Car insurance group Progressive is now formally reporting on its social responsibility efforts with a new Web site called “Progressive Together,” accessible at progressive.com/socialresponsibility.
United Automobile Insurance Co., a nonstandard automobile insurer in Florida, recently defended itself against a lawsuit for $2.59. The practice is relatively common and it is an example of the rampant abuse in the state’s personal injury protection benefits system, the company said…
United Automobile Insurance Co., a nonstandard automobile insurer in Florida, recently defended itself against a lawsuit for $2.59. The practice is relatively common and it is an example of the rampant abuse in the state’s personal injury protection benefits system, the company said.
