The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers forecast income could dive by 20 …
Zurich Insurance Group AG reported a worse-than-expected loss in the fourth quarter as the company makes plans to turn around its unprofitable general insurance unit. The net loss was $424 million compared with a profit of $860 million a year …
Farmers Insurance Group said it recently notified some 50 21st Century Insurance employees in Wilmington, Delaware, that their positions would be eliminated. The move comes as Los Angeles-based Farmers Insurance continues to phase out its auto insurance subsidiary 21st Century …
A 10-person jury in Boston on Wednesday rejected the claims made by a class of currently healthy Marlboro smokers in Massachusetts who wanted Philip Morris USA to pay for annual chest scans. Altria Client Services senior vice president and associate …
The Federal Aviation Administration says there are now more registered drone operators in the U.S. than there are registered manned aircraft. FAA Administrator Michael Huerta told a legal forum that the agency passed the milestone last week when it topped …
U.S. traffic deaths rose 9.3 percent in the first nine months of last year after years of decline. The latest National Highway Traffic Safety Administration (NHTSA) report estimates that more than 26,000 people died in traffic crashes in the first …
When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since brokers are enjoying their best combination of growth and profitability in nearly a …
New York Gov. Andrew Cuomo’s 2016-17 fiscal year budget plan includes a proposal to expand the ability of certain governmental entities to use wrap-ups for public works projects — but an insurance producers’ trade group warns the proposal could harm …
The North Dakota Department of Transportation says law enforcement officers in the state issued 764 citations for seat belt and child restraint violations in January. The extra traffic safety patrols were part of a Click It or Ticket seat belt …
Los Angeles residents displaced by a massive, 15-week natural gas leak will have more time to return to their homes once the well is plugged, under an agreement between city officials and Southern California Gas Co. The deal will give …
