Colorado insurance regulators fielded more than 25,500 inquiries from consumers in the past year, resulting in a total of nearly 5,000 formal grievances. During this period, the investigation of these grievances amounted to more than $12 million being recovered for …
Insurers Allstate Corp. and Prudential Financial announced plans to return cash to shareholders Tuesday with a stock buyback plan and dividend increase, respectively. Prudential’s board approved a 64 percent increase in its annual dividend to $1.15 a share. The No. …
Hub, Burnham & Co. Chicago-based broker Hub International has acquired Burnham and Company Inc., of New Jersey. Terms of the deal were not disclosed. Burnham, based in Englewood Cliffs, has approximately $4 million in annual revenue. It will become part …
Allstate Corp. on Wednesday reported that quarterly operating income fell 16 percent, missing analysts’ forecasts, as the largest publicly traded U.S. home and auto insurer lost existing customers and ramped up spending to try to attract new ones. Allstate’s chief …
Insurer Nationwide is the least-complained about personal auto insurer in New York’s $10 billion auto insurance market, according to newly released ranking of 167 companies by the state’s Insurance Department. Long Island Insurance Company ranks worst among insurers writing $1 …
Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and tight markets that …
Allstate Insurance Co. said it has launched a recruitment campaign to sign on 40 new agency owners in Michigan by the end of 2011. In addition, the insurer said new and existing Michigan Allstate agencies are projected to hire approximately …
“2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance industry. Speaking to an attentive audience at the Grange …
Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable providers, according to a new survey. The survey conducted in August by Colorado-based Market …
Progressive Insurance recently announced plans to add hundreds of new jobs in Colorado, Florida, Ohio and Texas by the end of January 2011. The additions include sales, service and claims positions. Progressive said it will be creating call center jobs …
