Farmers, AIG Los Angeles-based the Farmers Insurance Group of Companies is buying American International Group’s (AIG) Personal Auto Group, which includes 21st Century Insurance Co. The acquisition price is $1.9 billion. Under the agreement, 21st Century Insurance Group, the wholly …
4 to 5 Risk Management Solutions of Newark, Calif., predicts a storm season similar to 2008 could occur every four to five years on average. Last year’s season, which included nearly 1,700 tornadoes, was the costliest in the past decade, …
Farmers, American International Group (AIG), 21st Century Insurance Co. Los Angeles-based the Farmers Insurance Group of Companies announced it will acquire American International Group’s (AIG’s) Personal Auto Group, which includes 21st Century Insurance Co. The acquisition price is $1.9 billion, …
Being a big insurer will cost Berkshire Hathaway Inc. dearly when severe catastrophes strike, but it is a good place to be in the midst of an economic downturn, Chairman Warren Buffett said. “We are lucky,” said Buffett, as he …
A Montana bill that would have banned an automobile insurer from refusing to insure or refusing to continue to insurance an individual, or varying rates or limiting the scope or amount of coverage or benefits available to an individual based …
America’s market-based economic system once created the largest economic engine in the world and gave this country one of the highest standards of living in history. However, that system now faces a credibility crisis of great proportions. The extraordinary and …
As millions of U.S. households face financial hardship in the current U.S. recession, retaining existing customers has never been more important. For insurance carriers in terms of long-term profitability, customer retention is tops, according to the J.D. Power and Associates …
How the Feds Can Address Systemic Risk Without Creating More Bureaucracy America’s market-based economic system once created the largest economic engine in the world and gave this country one of the highest standards of living in history. However, that system …
Los Angeles-based the Farmers Insurance Group of Companies has announced it will acquire American International Group’s (AIG’s) Personal Auto Group, which includes 21st Century Insurance Co. The acquisition price is $1.9 billion, subject to post closing adjustments. The possibility of …
As Managed Competition Marks Anniversary, Agency-Distributed Auto Insurance Faces New Rival It’s finally happened: Geico is entering the auto insurance market in Massachusetts. Insurance Commissioner Nonnie Burnes confirmed in a statement earlier this month that the nation’s third-largest auto insurer …
