Through the Ages

Insurance Journal has been around an extremely long time (one of our first articles was about dinosaur insurance). Through the ups and downs, we've been the leading property / casualty news source. Here's a look back at the popular articles through the ages.

2017

State Farm to Close 11 Offices, Displacing 4,200 Employees, After 2016 $7B Loss

May 4, 2017 - State Farm Mutual Automobile Insurance Co., the largest U.S. home and auto insurer, plans to shut 11 U.S. facilities, displacing about 4,200 workers, after a $7 billion annual underwriting loss...

USI Wins Competition to Acquire Wells Fargo Insurance Businesses

June 27, 2017 - Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA that includes commercial...

State Farm Lost $7 Billion on Auto in 2016

March 1, 2017 - State Farm joined the ranks of property/casualty insurers reporting challenges in their auto insurance line of business. State Farm said it lost $7 billion on its auto insurance underwriting in...

Here Is a Section-by-Section Summary of Republicans’ Health Care Act

March 7, 2017 - The following summary of the American Health Care Act, meant as a repeal and replacement for the Affordable Care Act (Obamacare), has been prepared by the Republican staff of the House Committee on...

Citing Trump’s Order, IRS Stops Enforcing Individual Mandate for Health Insurance

February 16, 2017 - The U.S. Internal Revenue Service will no longer require tax filers to indicate whether they had health coverage or paid a penalty set under Obamacare, dealing a blow to a pillar of the healthcare...

2016

Most Dangerous Cities in U.S. Ranked by Crime Data

January 28, 2016 - East St. Louis, Illinois and Camden, New Jersey rank first and second in an annual ranking of the country's most dangerous cities. New Orleans ((70), Philadelphia (65), Miami (63), Washington, D.C....

What Happens to Civil Lawsuits Filed Against President-Elect Trump?

November 9, 2016 - If Donald Trump is elected, before he's sworn in as President on Jan. 20 he'll face a different kind of swearing in that few Commanders in Chief have experienced: that of a trial witness in one of...

Exclusive: Google to Shut Down Online Insurance Site, Partners Say

February 22, 2016 - It appears Google Compare's grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare's major partners...

‘New Chubb’ Opens as Giant ACE, Chubb Merger to Close

January 14, 2016 - ACE Ltd. and Chubb said they have received all necessary regulatory approvals and will close their $29.7 billion merger agreement today, Jan. 14 – six months after the companies first announced...

World’s Top 10 Insurers Ranked by Premium, Assets

January 4, 2016 - The world's largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world's largest insurance companies. France's AXA S.A....

2015

GEICO, Allstate to Raise Auto Insurance Premiums

May 4, 2015 - GEICO, which "everybody knows" saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer...

ACE to Acquire Chubb in $28.3 Billion Deal

July 1, 2015 - In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and...

How Long Will Health Insurers Remain Patient with Obamacare?

November 20, 2015 - The fate of Barack Obama's signature health- care law may depend on how long Anthem Inc. and Aetna Inc. are willing to wait before starting to make money off it. The two insurers are on the hot...

Google Poised to Enter U.S. Auto Insurance Market: Report

January 9, 2015 - Giant search engine Google, which already offers auto insurance online in the United Kingdom, could soon be selling auto insurance online in the U.S. Google Compare Auto Insurance Services Inc.,...

Google Compare May Go Beyond Auto Insurance

March 11, 2015 - The way Valen Analytics President and CEO Dax Craig describes it, Google's move into insurance with Google Compare for auto insurance is an "all-aboard, wake-up-and-smell-the-coffee" call to the...

2014

Walmart Begins Selling Auto Insurance Online

April 30, 2014 - Walmart has partnered with AutoInsurance.com to offer car insurance to its customers at "everyday low prices." The new arrangement provides an auto insurance comparison service through the...

Somali Pirates Driven Off in First Attack of 2014

January 21, 2014 - A bulletin from Dryad Maritime Intelligence confirms the first piracy attack of 2014, which it described as "audacious and determined," although it was ultimately unsuccessful. The attack was...

House Passes Flood Insurance Bill; Key Senators Sign On

March 4, 2014 - The U.S. House of Representatives Tuesday evening passed legislation to curb some of the premium increases in the nation's flood insurance program that have been causing "sticker shock" for...

Allianz to Assume Fireman’s Fund Commercial Lines; Future of Personal Lines Uncertain

September 17, 2014 - German insurance giant Allianz said it will absorb the commercial lines business of its U.S. subsidiary Fireman's Fund Insurance Co. into one of its own global divisions. Meanwhile, after days of...

Senate Approves Bill to Curb Flood Insurance Hikes

March 13, 2014 - The Senate today went along with the House of Representatives by passing a bill to reverse flood insurance reforms and curb flood insurance premium increases. The Senate approved H.R. 3370, the...

2013

Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters

October 28, 2013 - Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators...

Safe, Happy Halloween From ‘World’s Leading Authority on Poisoned Candy’

October 31, 2013 - I have a second, unpaid job. It's seasonal. Each year during the last two weeks of October, I field a lot of calls from reporters. You see, I'm the world's leading authority on poisoned Halloween...

Workplace Bullying Emerging As Major Employment Liability Battleground

March 4, 2013 - Margaret Fiester is no shrinking violet, but she says working for her former boss was a nightmare. "One day I didn't do something right and she actually laid her hands on me and got up in my face...

Top 10 Alcohol Brands of Underage Drinkers

February 12, 2013 - A relatively small number of alcohol brands dominate underage youth alcohol consumption, according to a new report from researchers at the Boston University School of Public Health and the Center...

Attorney Behind $43M Award for Ohio Agent Against Nationwide Insurance to File Class Action

January 3, 2013 - An Ohio law firm that represented a former Nationwide Insurance agent for a $42.8 million jury verdict is getting ready to file a class action against the insurer "in the near future." Attorney...

2012

Clothes Dryer Fires Cost $35 Million a Year

August 20, 2012 - An estimated 2,900 clothes dryer fires in residential buildings are reported to U.S. fire departments each year and cause an estimated $35 million in property losses, according to a new government...

Tax Penalty to Hit 6 Million Who Don’t Buy Health Insurance by 2016

September 24, 2012 - Nearly 6 million Americans — significantly more than first estimated— will face a tax penalty under President Barack Obama's health overhaul for not getting insurance, congressional analysts...

Colorado Wildfire Rages: 189 Homes Destroyed

June 18, 2012 - Another eight structures burned in the High Park Fire in Colorado overnight, bringing the tally to 189 homes burned and making it the most destructive fire in the state's history, officials said on...

Florida Passes PIP Reform Bill

March 12, 2012 - Gov. Rick Scott got the legislation he wanted to reform Florida's mandatory motor vehicle no-fault law and crack down on the abuses in personal injury protection cases that have led to skyrocketing...

How Young Insurance Agents Are Changing the Industry

May 17, 2012 - There's a change happening — a big change. And some say young independent insurance agents are the catalyst for that change. They may even be leading a revolution, of sorts, says one young agent...

2011

Tom Hanks, Rita Wilson File Lawsuit Against Former Insurance Broker

March 23, 2011 - Actor Tom Hanks and his wife, Rita Wilson, have filed a lawsuit seeking unspecified damages from their former insurance broker. According to celebrity gossip Web site TMZ, which discovered the...

Top 10 Most Stolen Vehicles in U.S.

August 3, 2011 - Two Honda models top the list of U.S. thieves' favorite vehicles. The National Insurance Crime Bureau examined vehicle theft data submitted by law enforcement to the National Crime Information...

Nationwide and Harleysville Insurance Agree to Merger; Analysts Respond

September 29, 2011 - Nationwide Mutual Insurance Co. and Harleysville Insurance announced on Thursday, Sept. 29, that they have agreed to a merger. Nationwide Mutual will acquire Harleysville Group for $760 million....

Allstate Targets Online Insurance Sales; Buys Esurance, Answer Financial

May 18, 2011 - In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site,...

Hurricane Center Tracking 3 Atlantic Storms: Katia, Maria and Nate

September 8, 2011 - It's a busy time of year for the National Hurricane Center in Miami. The NHC is currently following one hurricane – Katia, and two tropical storms – Maria and Nate. Katia is following the...

2010

USLI Expanding with Retail Agent Distribution; No Longer Exclusively Wholesale

June 25, 2010 - After years of doing business exclusively though wholesale brokers, United States Liability Insurance Group (USLI) is expanding its distribution to work directly with retail insurance agencies. "We...

Federal Flood Insurance Program Closed for Weeks

March 26, 2010 - As insurance and real estate agents and homeowners feared, Congress left Washington without extending the federal flood insurance program. Congress adjourned until April 12 after failing to agree...

CRC Employees in California, Illinois, Pennsylvania Resign

May 6, 2010 - CRC Insurance Services Inc. (CRC) – the largest wholesale insurance broker in the United States – released a memo to its customers stating that a number of CRC employees in Illinois,...

Illinois Governor’s Race Too Close to Call

November 3, 2010 - Illinois still doesn't know who the next governor will be. The contenders, incumbent Gov. Pat Quinn, a Democrat, and Republican state Sen. Bill Brady of Bloomington, are running neck-and-neck, each...

Flood Insurance Program Closed; No Policies Until Senate Votes

March 1, 2010 - The Senate last week failed to vote on bills to extend several federal programs including jobless benefits, COBRA subsidies, transportation project funding and flood insurance before these programs...

2009

Liberty Mutual Drops Direct Sales to Middle Market Businesses; Puts Faith in Independent Agents

January 22, 2009 - Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Since it couldn't beat independent agents and brokers -- who dominate sales in this...

State Farm Pulling Out of Florida Property Insurance Market

January 27, 2009 - Florida is losing its largest property insurance company. State Farm Florida Insurance announced today it is beginning the process that will allow it to non-renew policies and halt all sales of...

What 19 Years in Insurance Has Taught Me

July 8, 2009 - Working at my computer the other day, it hit me that the most recent crop of college graduates were not even born when I graduated from high school and they were no more than three when I entered...

Divorce AIG Style

March 15, 2009 - Like spouses granted a divorce, AIG's property/casualty insurance executives are relieved and excited about their newfound freedom. AIG is letting them form their own independent company called AIU...

Chinese Drywall: Builders and Subs Face Huge Uninsured Losses

July 27, 2009 - General liability carriers specializing in contractor insurance for builders and drywall subs are "sweating it out" over the potentially massive claims dollars that could be paid out in litigation,...

2008

Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal

April 23, 2008 - Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S....

Insurance Producers Start to Move Business from AIG to Competitors

September 22, 2008 - Despite assurance from state regulators that the insurance subsidiaries of American International Group (AIG) are financially sound, insurance producers are moving accounts from AIG. A survey by...

5 Execs Found Guilty of Fraud in Gen Re-AIG Trial

February 25, 2008 - A federal court jury in Hartford, Connecticut has found four former General Re Corp. executives and one former American International Group executive guilty of corporate fraud and conspiracy...

Florida Blocks Allstate Insurance from Writing New Business in State

January 16, 2008 - Florida Insurance Commissioner Kevin McCarty suspended the certificate of authority of Allstate Companies to write new property insurance in Florida until the company fully complies with the...

What AIG’s Fall and New CEO Mean for the Insurance Industry

July 23, 2008 - The world's largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on how the market should function, has fallen off its pedestal. It not...

2007

State Farm CEO Gets 82% Pay Raise

March 7, 2007 - State Farm Insurance's chairman and CEO received an 82 percent raise after the company posted a record profit last year, a statement from the Bloomington-Ill.-based insurer said this week. Chairman...

Three Calif. Doctors Arrested in Outpatient Surgery Center Scam

May 17, 2007 - The California Department of Insurance and the Orange County District Attorney's Office have arrested three doctors for medical fraud. The doctors are the latest charged defendants in what's being...

Minn. Boy Sues Parents over Injuries Sustained in Accident

January 8, 2007 - Amy and Ted Harrison Sr. are being sued over a car crash that left their son permanently disabled, and they hope they lose the case now before the Minnesota Supreme Court. The plaintiff is their...

Woman Injured by Toilet Gets $1.2 Million from Trump Atlanic City Casino

September 25, 2007 - The Trump Taj Mahal Casino Resort has reached a $1.2 million settlement with a Philadelphia woman who claimed she was injured when the toilet she was sitting on broke away from the wall in her...

The Hartford Settlement with AGs Ends Agents’ Contingent Commissions

July 23, 2007 - The Hartford Financial Services Group, Inc. announced it has reached a settlement with the New York, Connecticut and Illinois Attorneys General resolving matters relating to their investigations of...

2006

Expert Has ‘Bad News:’ 06′ Hurricane Season Could Repeat 05′

February 10, 2006 - There is no reason to expect any change in hurricane patterns in the near future, the number of hurricanes have been increasing since 1995 and will continue to do so for the next decade or two,...

Allstate Releasing 700 Employees

January 26, 2006 - The Chicago Tribune reported today that Allstate Corp., the nation's second-biggest auto and homeowner's insurer after Bloomington-based State Farm Insurance Cos., will be offering a voluntary...

Judge Rules in Favor of Plaintiffs in New Orleans Canal Case

November 29, 2006 - In a decision that could cost insurers many more billions of dollars than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans has ruled that ambiguities in...

Judge Rules in Favor of Insurer in Miss. Wind vs. Water Case

August 15, 2006 - In a highly anticipated ruling in one of the first wind vs. water insurance claims arising out of Hurricane Katrina, a Mississippi judge has upheld the exclusion for damage caused by water and...

Farmers Insurance Group Fined $1 Million in Settlement

January 24, 2006 - Farmers Insurance Group has been fined $1 million following settlement negotiations about how the company handled consumer claims. Farmers, consisting of Farmers Insurance Exchange, Fire Insurance...