Insurance Agents and the 2012 Election: Interview with Big I CEO Rusbuldt November 2, 2012 By Andrew G. Simpson When it comes to the 2012 presidential election, insurance agents have, as industry insiders like to say, “skin in the...
AIG Profit Gains on Investments; P/C Earnings Fall But Pricing Improves November 1, 2012 By Ernest Scheyder, Lauren Tara LaCapra and Nadia Damouni American International Group Inc. earned a larger-than-expected profit during the third quarter, due in part to big gains on its...
Eqecat Doubles Insured Loss Estimate for Sandy to $10-20 Billion November 1, 2012 Catastrophe risk modeling firm Eqecat doubled its insured loss estimate range for Sandy, to $10 billion to $20 billion, with...
Allstate Reports Higher Q3 Profit; Expects ‘Significant But Not Material’ Sandy Losses November 1, 2012 Home and auto insurer Allstate Corp. reported a larger profit for the third quarter on a decline in disaster losses...
Huge Drug Recall Latest Fallout in Meningitis Outbreak November 1, 2012 By Sharon Begley Ameridose, a sister company of the U.S. pharmacy linked to a meningitis outbreak that has killed 29 people, announced on...
Hurricane Sandy Losses Should Not Affect Most Insurer Ratings or Premiums: S&P October 31, 2012 Standard & Poor’s Ratings Services said it expects Hurricane Sandy to have only limited impact on the ratings on U.S....
Bank Holding Cos. Set Record in Insurance Brokerage Fee Income: Report October 31, 2012 Bank holding companies (BHCs) set new records in insurance brokerage fee income in the second quarter and year-to-date (YTD) in...
Supreme Court Weighs Key ‘Gray’ Market Copyright Case October 31, 2012 By Jonathan Stempel Several justices on the U.S. Supreme Court voiced concern on Monday about letting U.S. copyright holders block the resale inside...
Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide October 31, 2012 Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S....
Preparis, Wells Fargo to Provide Emergency Preparedness Services to Businesses October 30, 2012 Preparis, a web and mobile emergency preparedness services for businesses, has signed a strategic alliance with Wells Fargo Insurance. As...