Crop Insurance: A Growing Problem in Time of Record Farm Profits September 9, 2013 By Alan Bjerga and David J. Lynch A Depression-era program intended to save the nation’s farmers from ruin has grown into a 21st- century crutch enabling affluent...
Quiet 2013 Hurricane Season a ‘Head Scratcher’ for Embarrassed Forecasters September 9, 2013 By Tom Brown The 2013 Atlantic hurricane season, which forecasters had predicted would be more active than normal, has turned out to be...
Probe Clears BP Oil Spill Claims Chief But Finds Staff Misconduct September 8, 2013 An investigation led by former FBI Director Louis Freeh cleared the BP claims administrator of misconduct in handling settlement payouts...
Beecher Carlson Promotes Davis, McKenna, Bothwell September 6, 2013 Insurance brokerage Beecher Carlson announced three promotions. Scott Davis has been promoted to president of Property and Casualty. Davis joined...
American Family Insurance to Acquire Homesite Group for $616M September 6, 2013 Madison, Wis.-based American Family Insurance announced that it reached agreement to acquire direct homeowners insurer Homesite Group Inc. for an...
KKR to Buy Claims Technology Firm Mitchell in $1B Deal September 6, 2013 By Devin Banerjee KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy ., the first buyout...
Commercial Lines Pricing Held Steady in August: MarketScout September 6, 2013 August, traditionally a slower month for commercial property/casualty insurance renewals, was true to form as the composite rate for the...
Study Finds Big Disparities in What Insurers Pay Hospitals in Same Cities September 6, 2013 Kansas City, Missouri, and Indianapolis residents with private health plans face some of the widest disparities in U.S. hospital costs,...
Advanced E&S Group Adds Maintenance Interruption Coverage for HOAs September 6, 2013 Managing underwriter Advanced E&S Group has launched a business income policy for community associations that includes maintenance interruption insurance designed...
U.S. Reinsurance Sector’s Profit Jumps 32% to $4.76B for 2013 First Half September 5, 2013 The Reinsurance Association of America (RAA)’s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.756 billion net...