The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65...
P&C Companies News
The widow of New York Yankees pitcher Cory Lidle has sued MetLife Inc., claiming she is owed more than $1...
A.M. Best Co. has assigned a financial strength rating of “B++” (Good) and an issuer credit rating of “bbb” to...
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating (ICR) of “aa-”...
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb-” of New Zealand’s Tower Limited, as well as...
Bermuda-based Max Re Capital Ltd. announced that it has received regulatory approval from the Delaware Department of Insurance to acquire...
Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane...
U.S. Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., introduced bipartisan legislation to revamp the National Flood Insurance Program that...
Swiss Re’s Commercial Insurance introduced its workers’ compensation coverage for small business owners in Texas to be delivered via its...
The Washington Senate has adopted an amendeed bill that insurance industry associations say will increase the number of lawsuits filed...