Critics Say Taxpayers’ $14B Guarantees Profit for Crop Insurers September 11, 2013 By David J. Lynch Former American International Group Inc. chief Maurice “Hank” Greenberg has a new business partner: the U.S. taxpayer. Greenberg’s Starr Indemnity...
Commercial Insurance Prices Continued Up in Q2: Towers Watson September 10, 2013 Commercial insurance prices rose by six percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter...
Ironshore, Highland Risk Services form Partnership for Continuing Care Coverage September 10, 2013 Insurance wholesaler Highland Risk Services has partnered with Ironshore to provide liability insurance for the Empirical Risk program, which is...
Poll Finds Skepticism But Suggests Healthy Young Adults May Keep Obamacare Afloat September 10, 2013 By Sharon Begley Korey Kormick, 29, has not had health insurance for at least a decade. His job, as a contract employee directing...
Allstate CEO Says GEICO Could Strugggle with Storefront Strategy September 10, 2013 Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car insurance market share in the last three years, said...
JP Morgan, Assurant Settle Force-Placed Insurance Claims for $300M September 10, 2013 By Dena Aubin JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they...
Nautilus Insurance Group Enters Personal Umbrella Market September 9, 2013 Nautilus Insurance Group (Nautilus) will begin writing personal umbrella and related coverages nationwide through a new office in California. Ann...
Florida Tobacco Ruling Applies in Federal Cases, Court Says September 9, 2013 By Bob Van Voris Reynolds American Inc.’s R.J. Reynolds Tobacco unit lost its bid to overturn jury verdicts over smoking-related deaths after arguing that...
Bank of America, Merrill Settle Gender Bias Claims for $39M September 9, 2013 By Jonathan Stempel Bank of America Corp. agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed...
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...