Hub International Limited has acquired the assets of Lawson-Hawks Insurance Agency Inc. (LHI), a Mountain View, Calif.-based insurance brokerage firm, and Mark Tauber Insurance Brokerage Inc., a Brooklyn, New York-based commercial insurance brokerage firm. Terms of the acquisitions were not …
Insured loss estimates from the storms that hit the Southern and Southeastern United States in late April total between $3.7 billion and $5.5 billion, says catastrophe modeling firm AIR Worldwide. Insured losses account for damages to residential, commercial and industrial …
While you may answer the question posed in the headline by saying that most of your commercial customers have business interruption coverage, the issue here is not whether they have the coverage, but whether they are “properly protected.” In reviewing …
Tech companies such as Apple and Google are hoping the tracks of millions of mobile device users will lead to billions of dollars in revenue. But where they see dollar signs, lawmakers see red flags. The revelation last month that …
Shares in bailed-out insurer American International Group fell to their lowest levels in nearly eight months Monday, potentially moving them into loss-making territory for the U.S. Treasury. The Treasury holds 92.11 percent of AIG and has a break-even point of …
Liberty Mutual Group reported net income of $362 million for the first quarter 2011, an increase of $47 million, or 14.9 percent, over the same period in 2010. Revenues for the three months ended March 31, 2011 were $8.381 billion, …
American International Group posted a loss from continuing operations in the first quarter as it recorded a charge of more than $3 billion related to its recapitalization and termination of its credit facility from the Federal Reserve. For the first …
Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began last year when State Farm dropped …
Financial firms that the U.S. government deems as “systemic” will not be “too big to fail,” bank regulator Sheila Bair said Thursday. Bair, pushing back against critics who say the systemic designation is simply a government guarantee, said a major …
Sony is looking to its insurers to help pay for its massive data breach, an amount that one expert estimates could exceed $2 billion, but others said insurers may balk at ponying up that kind of money. “We have a …
