It’s not just your grandparents heading down the road in those Winnebagos these days. As the population of RV owners grows, so does the market and the profit margins for insurers. In the 1950s, those silver, bullet-shaped Airstream trailers became …
Frost Insurance Agency, a subsidiary of San Antonio-based Frost National Bank, may soon acquire one of the largest independent insurance agencies in Austin. Nieman Hanks Puryear Partners and Nieman Hanks Puryear Benefits, will become the third agency acquired by Frost, …
Brady, Chapman, Holland, one of the largest independent agencies in the state, is putting the finishing touches on a deal to turn its personal lines department into a wholly owned subsidiary. The deal, expected to be finalized sometime before May …
First-quarter earnings posted today by Hartford Financial Services Group, driven by strong results from Hartford’s Life business, will beat Wall Street expectations. Core earnings were $226 million for the quarter, up 4 percent from $218 million for the same period …
SAFECO has gained the right to market Netstock Direct Corp.’s ShareBuilder automatic stock buying service under the brand name, SAFECO ShareBuilder. SAFECO, a Fortune 500 diversified financial service company, plans to market the service beginning in the third quarter through …
The financial strength rating of Frontier Insurance Group and its subsidiaries has been downgraded from B to C++, reflecting the group’s increased financial vulnerability stemming from additional losses incurred as the result of accounting changes arising from the year-end audit. …
Buying insurance on the Internet will be easier in Minnesota since the state has enacted the Uniform Electronic Transactions Act. The law allows electronic signatures and record keeping to be as binding as manual signatures and paper copies. But regulations …
Zurich American Insurance Co. has filed a federal suit in Washington against Microsoft Corp., asking for a ruling that the coverage it wrote for the company does not apply to damages and settlement costs in private antitrust suits. Microsoft faces …
An application by General Motors to move into banking by setting up a federal thrift was approved Thursday by U.S. regulators. The world’s largest automaker already had a solid presence in financial services through General Motors Acceptance Corp.’s auto-lending and …
Insure.com has issued a report, “Hidden Rivers of Incentive: How Agent Commissions Affect Your Insurance Shopping,” telling consumers how insurance agents are provided incentive through commissions, cash bonuses and other rewards. The report lists a sampling of agent commissions paid …
