The U.S. property/casualty insurance industry’s net income after taxes fell 57.4 percent to $13.9 billion in first-half 2008 from $32.7 billion in first-half 2007. The insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ …
A North Carolina joint legislative study committee began hearings on Sept. 30 regarding the financial health of the state’s Insurance Underwriting Association, a.k.a. the Beach Plan. The Joint Select Study Committee on the Potential Impact of Major Hurricanes on the …
The Alliance of Insurance Agents and Brokers has created the George Joseph Educational Foundation to support insurance training for association members, provide educational scholarships for the next generation of insurance professionals, and to promote consumer awareness. Throughout the year, the …
Federal prosecutors say retired Pennsylvania Superior Court Judge Michael Joyce spent $440,000 in insurance money on a new house, hot tub, motorcycle, jewelry and cosmetic surgery for a woman he has since married. Joyce is scheduled to stand trial in …
Kingsway Financial Services Inc. has closed on the sale of York Fire & Casualty Insurance Co. for C$95 million to La Capitale General Insurance Inc., a member company of the mutual Group, La Capitale, owned by members of Quebec’s civil …
Allstate today announced it is launching a groundbreaking brain fitness software program, InSight(TM). Examining the latest advance in driving safety, Allstate believes this innovative program has the potential to improve what could be the most important piece of auto safety …
Austin, Texas-based Combined Agents of America LLC (CAA) announced it added EFGI Insurance & Bonds LCC of San Antonio as its 37th member agency. EFGI is the fourth agency to join CAA this year. EFGI Insurance & Bonds was formed …
Peggy McGrane has joined The NIA Group, LLC in Paramus, New Jersey, as the firm’s human resources director. In her new role, McGrane will direct the insurance broker’s professional recruitment, development and retention efforts as NIA looks to expand in …
Firefighters in six Texas cities will be installing smoke alarms into the homes of low income and elderly residents thanks to this year’s We’re Out to Alarm Texas smoke alarm campaign. The program now in its fourth year has saved …
Indianapolis-based Baldwin & Lyons, Inc. announced on October 1 that its subsidiary, Protective Insurance Co., has entered into an agreement with Paladin Catastrophe Management to produce casualty clash and workers’ compensation catastrophe reinsurance in the U. S. Martha Atwater, with …
