Progressive Goes National with Usage-Based ‘Snapshot’ Car Insurance Program March 14, 2011 By Andrew G. Simpson Progressive has begun national advertising for its “Pay-As-You-Drive” program, Snapshot, which offers drivers discounts of as much as 30 percent...
Two Florida Insurers Face Insolvency Actions: Seminole, AequiCap March 14, 2011 Two Florida insurers are facing regulatory action as the state’s Office of Insurance Regulation (OIR) ordered commercial insurer AequiCap Insurance...
Business Lobby Critical of GOP Immigration Measure in Oklahoma March 14, 2011 By Sean Murphy A quiet campaign by Oklahoma’s business community to head off tough new immigration legislation is causing an angry rift among...
Business Groups Back Expanding Federal Flood Insurance Options March 14, 2011 By Andrew G. Simpson Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on...
Commentary: The World Responds to Japan’s Agony March 14, 2011 By Charles E. Boyle The magnitude 8.9 earthquake, 6 miles down in the Japan Trench and 130 kms (81 miles) off Japan’s northeast coast,...
Aflac CEO Says Exposure to Japan Quake/Tsunami is ‘Limited’ March 14, 2011 U.S. insurer Aflac Inc , which is the largest foreign insurer in Japan, has “rather limited” financial exposure to the...
Credit Suisse Estimates Japan Economic Losses at $171 to $183 Billion March 14, 2011 Economic losses in the regions of Japan that were hit by a massive earthquake will reach around 14 trillion yen...
Analysts Describe Quake/Tsunami Impact on Japan’s P/C Insurers as ‘Limited’ March 14, 2011 By Junko Fujita and Noriyuki Hirata A decline in shares of Japanese non-life insurers including MS&AD Insurance Group [Mitsui Sumitomo] is expected to be temporary as...
“Unexpected Nature” of Japan Quake Complicates Insured Loss Estimates March 14, 2011 By Ben Berkowitz The unexpected nature of this week’s earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating...
$35 Billion Japan Quake Cost Estimate Weighs on Insurers March 14, 2011 By Myles Nelligan Shares in European insurers fell steeply on Monday after analysts estimated over the weekend that the Japanese earthquake could cost...