Marsh executives are only seeing a “targeted correction” — not a broad-based hard market — in the property/casualty insurance market. CEO Brian Duperreault said during an earnings call, “Is it a hard market? I think not in the definitions we …
May is National Youth Traffic Safety Month, and it’s the perfect time to remind teen drivers about safety behind the wheel. The number of teen driving deaths continues to fall and is now at an all-time low. It’s down more …
John Paulson, the hedge fund manager who has been pressuring The Harford to break itself apart to maximize shareholder value, appears satisfied with the insurer’s restructuring effort. Paulson’s hedge fund firm, Paulson & Co. Inc., announced in a federal regulatory …
The property/casualty insurance jobs outlook is slowly, gradually getting better – or at least not getting worse. A growing number of insurance businesses are hiring more workers this year. Meanwhile, many others are still making do with their current staff …
The 2012 first-quarter corporate earnings season is in a full swing — and that gives us a valuable opportunity to listen to top insurance CEOs and their perspective on pricing. The Travelers Companies CEO Jay Fishman remained bullish about firming …
American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion net income posted during the same period one year ago. The insurer’s profit surge was helped by low natural …
Marsh executives said this week that they are only seeing a “targeted correction” — not a broad-based hard market — in the property/casualty insurance market. CEO Brian Duperreault said during an earnings call Tuesday, “Is it a hard market? I …
The Hartford Financial Services Group Inc. said its 2012 first quarter net income declined 80.8 percent to $96 million, hurt by a $587 million net realized loss from runoff operations. The Hartford’s net income during the same period one year …
Nationwide Mutual Insurance Co. said that the company completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September 2011. Nationwide Mutual policyholders voted to approve the merger on April 9, …
Speaking at the Independent Insurance Agents and Brokers of America (IIABA) conference, IIABA Chairman Mike Donohoe said the association is an indispensable partner and guide for independent agents in a rapidly changing world. “The association has always been there for …
