As trade barriers fall and innovations in technology continue at a breakneck speed, more U.S. companies are reaching out and investing in international markets. U.S. businesses cannot ignore opportunities in the global marketplace, with 95 percent of the world’s consumers …
John Garamendi has called for an investigation into an apparent campaign attacking him and his proposed auto insurance rate regulations in California. Supposedly waged by insurance industry officials and advocates, Garmendi said the campaign opposes this plan to downgrade geography …
The Arizona legislature has passed security breach legislation that would provide notice to consumers when there has been an unauthorized breach of their personal information. The bill was sponsored by Sen. Huppenthal, and drafted by a broad-based business coalition. Senate …
Los Angeles-based Mercury General Corp. reported slightly lower net income for the first quarter of 2006 TITLE: –TITLE: $58.6 million, or $1.07 per share (diluted), compared with $60.4 million, or $1.10 per share (diluted), in Q1 2005. It noted the …
A common complaint among executives throughout the world is the changing work ethic and lack of commitment by employees. With the lack of leadership evident today, it is amazing that any work ethic or commitment by employees exists. All too …
Like so many other areas of life, the Internet changed the exposures involved in affinity group programs. In fact, e-commerce and e-mail have taken some of the affinity out of affinity groups. When I first started underwriting and marketing property/casualty …
Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue, of Mystic Capital Advisors Group, who …
The Hartford Financial Services Group, Inc. has settled with both the Connecticut and New York attorneys general regarding The Hartford’s use of expense reimbursement agreements in its terminal/maturity funding group annuity line of business. Under the terms of the settlement, …
RLI Corp. of Peoria, Ill., has hired Craig Kliethermes as vice president of actuarial services. Kliethermes will report to Joseph Dondanville, chief financial officer and senior vice president. His responsibilities include pricing, reserving, enterprise risk modeling and actuarial analysis of …
The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout from last year’s natural disasters. Below are the financial highlights, compiled by KMPG, of some of the …
