2,100 Jobs Lost in Insurance Industry in August October 13, 2011 The latest U.S. jobs data show the insurance industry lost 2,100 jobs overall in August. The industry employs some 2,211,000...
U.S. Sanctions BP, Contractors for Gulf Oil Spill October 13, 2011 By Ayesha Rascoe The U.S. offshore drilling regulator Wednesday formally issued sanctions against BP and the major contractors involved in the 2010 explosion...
2 Life Insurers Meet Systemic Risk Criteria October 13, 2011 Only two life insurers — MetLife Inc.. and Prudential Financial Inc. — meet the newly developed requirements to be considered...
NAS Launches Medical Billers, Coders E&O Program October 12, 2011 NAS Insurance Services has launched a new program for medical billers and coders. NAS’ Medical Billers and Coders E&O includes:...
Travelers Expands Special Event Insurance October 12, 2011 The Protector Plan for Events, underwritten by Travelers, has been expanded to go beyond weddings and deliver specific coverages for...
W. R. Berkley Sees $50M-$60M Cat Losses for Q3 October 12, 2011 Greenwich, Conn.-based insurer W. R. Berkley Corp. is estimating Q3 catastrophe losses in the range of $50 million to $60...
U.S. Regulators Propose Threshold for Defining Systemic Risk Firms October 12, 2011 U.S. regulators pondering which non-bank financial firms are large enough to warrant additional oversight have proposed a $50 billion asset...
Ratings: RetailFirst, ANICO, Mariah Re, German Mutual, Centurion, Mt. Morris October 12, 2011 A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and issuer credit ratings of “bbb+” to RetailFirst...
Surplus Lines Execs Address Leadership, Perpetuation October 11, 2011 By Don Jergler Four industry leaders attempted to tackle explaining the definition of “leadership” and what it takes to be a leader, while...
What Do YOU Want in Agency E&O? Take the Survey Now October 11, 2011 By Andrea Wells Don’t miss your chance to find out what’s been going on with insurance agents’ errors and omissions (E&O) insurance. Insurance...