California has a $1.85 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. In 2007, insurers contributed $30.1 billion to California’s …
The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors during its annual meeting examining in Colorado Springs. Robert A. DiMuccio, chairman, president and chief executive officer, Amica Mutual Insurance Co., was elected as …
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 …
The Bermuda insurance market has launched two new products for the healthcare market: the Bermuda Market Follow Form Healthcare Insurance Policy and the Bermuda Market Reinsurance Agreement. Select Insurance brokers and underwriters from across the island have worked together to …
The weak outlook for U.S. employment could hurt insurers that cover work-related injuries. Persistently high unemployment translates to fewer workers to cover, which cuts into revenue. And workers compensation providers face higher payouts because claiming workers are staying on benefits …
U.S. state insurance commissioners unanimously backed tough rules requiring health insurance companies to direct more of the premiums they collect to medical care, rather than corporate salaries and profits. Although the percentages are mandated in the new healthcare law, insurers …
An insurer for the doctor charged in Michael Jackson’s death has asked a judge to rule that it is not responsible for the physician’s legal bills in two high-profile court cases and fights to retain his medical license. Medicus Insurance …
The three politicians who want to be Georgia’s next insurance commissioner see eye-to-eye on the need for the insurance regulator to be involved in attracting new insurers and insurance jobs to the state. According to an Insurance Journal survey, Democrat …
“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 …
