West Virginia Attorney General Patrick Morrisey has reached a $5.75 million settlement with Nationwide Insurance regarding a discount on certain insurance products for the state’s Farm Bureau members. Former Attorney General Darrell McGraw filed the lawsuit in McDowell County in …
Stock Price: Commercial lines stocks mirrored those of major indices in 2008, trading down 14 percent. Mergers & Acquisitions: Middle market carriers continue to be major players in the acquisition market as they look to wholesalers and managing general agencies …
Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector. M&A Activity: Despite the current equity markets, activity in the P/C insurance …
Stock Prices: The soft market continues to have an effect on insurers’ stock prices. With the inability of insurers to grow in the current market, commercial insurers’ stocks are still falling, down 18 percent year-to-date. M&A Activity: On June 30, …
Stock Prices Consistent with the market as a whole, the carrier sector has had a rocky start to the new year, trading down 10 percent. M&A Activity M&A activity in the property/casualty sector remained robust as the new year began. …
Stock Prices: Commercial lines insurers’ stocks have been relatively flat in 2007. Chubb Corp. (NYSE:CB) posted the largest gain at 5 percent. M&A Activity: The fourth quarter started with a bang as two large publicly traded companies were acquired by …
Stock Prices: Commercial property/casualty insurer stocks have been relatively flat through the third quarter of 2007. Chubb Corp. (NYSE:CB) had the largest gains for the year, up a modest 3 percent. M&A Activity: The sector appeared to take a month …
Stock Prices: Commercial insurers’ stocks were up an impressive 8 percent for the second quarter of 2007. Much of the increase can be attributed to the high premium which was paid for Ohio Casualty Corp. (Nasdaq:OCAS) by Liberty Mutual Group. …
Stock Prices: Commercial insurers breathed a sigh of relief in the fourth quarter as the 2006 hurricane season officially ended with only minor losses, a dramatic contrast from a year ago. Insurers’ stock prices reflected the calm hurricane season, benefiting …
Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses and have since reaped the benefits …
