Top 10 U.S. Excess, Surplus Insurers of 2010 by Market Share According to SNL Financial: American International Group Zurich Financial Services Ltd. Nationwide Mutual Group ACE Ltd. W.R. Berkley Corp. Markel Corp. CNA Financial Corp. QBE Insurance Group Ltd. Alleghany …
Workers’ compensation insurer Majestic Insurance Co. has been placed into conservation by order of the San Francisco Superior Court. California Insurance Commissioner Dave Jones has simultaneously filed a motion seeking approval for a proposed rehabilitation plan designed to protect Majestic’s …
The Florida Supreme Court has ruled that motor vehicle leasing companies in the state cannot be held liable for accidents with their rented vehicles they did not cause. The state’s high court agreed with lower state courts and a federal …
As wildfires continue to rage in almost every region of the state, the Texas Forest Service reports that 6,061 fires and more than 1.8 million acres have burned since the beginning of the year. Much of the burned acreage has …
While California may have survived this past winter’s storms, experts are urging businesses and residents to consider flood insurance. The state’s winters storms left behind a massive snow pack 165 percent greater than normal, and reservoirs across the state are …
About 9 percent of California drivers talk or text on their cell phone while driving — despite state laws that prohibit such actions. In the first-ever observational survey of cell phone use by drivers within a state, the California Office …
Prosecutors in Philadelphia say an auto body repair business used a forklift fitted with car bumpers as part of large-scale insurance fraud scheme involving a police officer and seven insurance appraisers. Authorities charged 11 people Tuesday with offenses ranging from …
Reno, Nev.-based Employers Holdings Inc., whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, announced it will review the company’s first quarter 2011 financial results during a conference call and Webcast Thursday, May 5, 2011, at …
Authorities are trying to determine if a lightning strike from severe thunder storms sparked a fire that caused extensive damage to a suburban Buffalo condominium complex. WGRZ-TV reports that firefighters arriving on the scene around 2:15 a.m. Wednesday found heavy …
Improved pricing and a drop in catastrophe losses boosted Travelers profits 30 percent in the first quarter, as it beat Wall Street’s expectations and offered some evidence of a turn in the soft market. Net profit for the first quarter …
