Proposed federal and state gun legislation is having an unintended effect on growth in the gun insurance market across the country. Experts in this segment say new policy submissions dealing with all aspects of guns, including gun shops, gun dealers …
Protective Life Corp said it will buy Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its portfolio of life insurance policies. Protective Life sees the deal adding between $0.10 and $0.15 to its earnings per …
Interest in personal liability insurance for firearms owners has expanded with the media focus on gun-centric events and the public discussion of liability issues. While coverage is available through gun owner associations and through specialty insurers, the liability component of …
Commercial insurance buyers in all product lines should see rates rise moderately through the remainder of 2013, although commercial property rates for non-catastrophe exposed risks and some specialty lines may see slight reductions, according to global broker Willis in its …
A federal judge on Wednesday approved a $115 million settlement between American International Group Inc. shareholders and former CEO Maurice “Hank” Greenberg and other defendants over alleged improper accounting at the insurance giant. The accord is the latest in a …
Despite the McCarran-Ferguson Act, which reserved the regulation of the “business of insurance” to the states, the Department of Housing and Urban Development (HUD) has given itself the ability to upset and invalidate long-standing underwriting and ratemaking practices for homeowners’ …
The Colorado State University team is predicting an above-average 2013 Atlantic basin hurricane season with 18 named storms and a 72 percent chance one will make landfall somewhere along the entire Eastern seaboard. Nine of those 18 named storms are …
President Barack Obama proposed reducing the most expensive part of the farm safety net by cutting the subsidy to farmers for buying crop insurance. At present, the government pays 62 cents of every $1 of insurance premium. Farmers collected a …
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has formed a specialty marine, energy and construction unit within its US Insurance business, led by Anthony S. Carroll who has been named executive vice president. The unit complements Aspen …
Congress appears ready to take up gun control legislation for the first time in years, with proposals under consideration focusing on background checks, straw purchases and money for school safety. If the debate stays on those issues, the insurance industry …
