Commercial property-casualty rates continued to increase across the country, according to a report by The Council of Insurance Agents and Brokers (CIAB). Through its quarterly Market Index Survey, released last month, CIAB reported property/casualty rates for small, medium, and large …
If both programs and packages combine necessary, traditional lines of coverages into a “package,” how can you really tell one from the other? “You could write a package program for a program—that’s how confusing it can get,” said Andy Barile, …
It’s a well known fact in the insurance industry that we are also, in large part, the golf industry. Nine times out of 10, a golf tournament will accompany a convention. Want to raise money for charity? Sponsor a golf …
As the clock struck midnight on Aug. 30, lawmakers were spent but still deciding the fates of a handful of bills that would affect the insurance industry. So how did the 1999-2000 legislative session compare to other years? “There is …
Justice Harry Low will be inaugurated as California’s 37th Insurance Commissioner this morning at 9:30 at a ceremony in San Francisco. Associate Justice Stanley Mosk will administer the oath of office. In a statement, Acting Commissioner Clark Kelso said that …
Jean-Bernard Duler, founder and CEO of San Francisco-based Esurance, confirmed today that the company had laid-off approximately one-quarter of its staff. “We’re looking into either a merger or an acquisition by an insurance company,” Duler told the Insurance Journal. “Part …
International Catastrophe Insurance Managers, L.L.C. (ICAT), announced the appointment of Gregory Kemp to regional vice president for the Gulf Coast and Eastern Seaboard. ICAT also announced the promotion of Cathy Schablitsky to regional manager. Based in Charlotte, Kemp will be …
Liberty Mutual Insurance Co. plans to reorganize to a mutual holding company in an effort to give itself room to grow and increase access to investment capital. The move is a “definitive statement” that Liberty Mutual intends to keep getting …
Confirming earlier reports, Japan’s largest p/c insurer, Tokio Marine and Fire Insurance Co. Ltd. plans to merge with the 5th largest life insurer, Asahi Mutual Life and a smaller p/c company Nichido Fire & Marine. The new group will have …
In a surprise move Friday, Scottish Life and GE Capital broke off their acquisition discussions apparently in disagreement over the price GE was offering to acquire one of Scotland’s last independent mutual life and pension insurers. Reports last week had …
