Banks Boost Income from Insurance Brokerage February 10, 2011 Banks earned less in insurance brokerage fees in the third quarter of 2010 than the previous year’s third quarter. However,...
Judicial Oversight Could Mean Changes for BP Claim Fund February 10, 2011 By Moira Herbst Kenneth Feinberg, the formerly freewheeling administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be...
SpatialKey, Kinetic Analysis Partner to Boost Storm Impact Analysis February 10, 2011 Spatial Key and Kinetic Analysis have announced a strategic partnership to provide real-time and historical tropical storm analysis for underwriters,...
Inferior Results Will Force Admitted Carriers Out of the E&S World, Eventually February 10, 2011 By Stephanie K. Jones The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard...
Insurers Seek Delay in Financial Rules Until Insurance Posts Filled February 9, 2011 The insurance industry is asking the Obama Administration to slow down on rules for deciding whether insurers and other nonbank...
RLI Creates New Reinsurance Property Treaty Group February 9, 2011 RLI Corp. has created a new Property Treaty Group within its RLI Re Division to expand its capabilities in the...
Allstate to Exit Banking Business February 9, 2011 The Allstate Corp., the nation’s largest publicly held personal lines insurer, is getting out of the banking business. Discover Bank,...
AIG to Take $4.1 Billion Q4 Charge for Reserves February 9, 2011 By Elinor Comlay Bailed-out insurer American International Group Inc. said it would take a $4.1 billion charge at its Chartis unit after a...
SPECIAL REPORT: Extreme Weather Batters Insurance Industry February 9, 2011 By Ben Berkowitz In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing...
U.S. Probe: Toyota Throttles Not Cause of Acceleration Accidents February 8, 2011 By David Lawder and John Crawley A U.S. government investigation showed no link between electronic throttles and unintended acceleration in Toyota Motor Corp. vehicles, a victory...