Direct-Link Insurance Services announced the acquisition of a major portion of Fireman’s Fund Direct’s personal lines property insurance portfolio, as that company exits the direct insurance market. Under terms of the agreement, Direct-Link will acquire more than $6 million in …
The Workers Compensation Insurance Rating Bureau of California has put on the table a plan for an 8.5 percent increase in pure premium for workers’ compensation rates in the state. The WCIRB submitted its plan July 31, with rates if …
According to the Insurance Institute for Highway Safety, automakers are marketing new midsize SUV models for 2001 and 2002, but most of these vehicles aren’t being equipped with bumpers that resist damage in the kinds of impacts that routinely occur …
Auto insurers are looking at more than a consumer’s driving record when determining rates; they are also examining how drivers manage their finances, according to a recent Conning & Company study. Auto insurers are using credit data, a proxy for …
The Hartford Financial Services Group Inc. reported operating income of $262 million for the second quarter of 2001, a 10-percent increase over the same period in 2000. The increase reflects double-digit earnings growth in the company’s group benefits and individual …
The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA) President-elect Thomas B. Ahart told Congress today. Ahart testified at an …
Stability in Ohio’s auto insurance market is just three months away, according to the American Insurance Association (AIA). On July 31, Ohio Gov. Bob Taft signed into law SB 97, which will bring badly needed reforms to the state’s uninsured/ …
Travelers Insurance announced it will re-enter the Ohio insurance marketplace for new commercial auto and umbrella business with the enactment of the “Uninsured/Underinsured Motorist Availability Act of 2001”. Chief Underwriting Officer, Travelers Commercial Lines Peter Higgins stated that the company …
Global insurance broker Willis Group Holdings Limited is reporting strong revenue and earnings growth for the quarter and six months ended June 30, 2001. Revenues rose 8 percent to $337 million for the second quarter of 2001. On a constant …
The Connecticut Insurance Department is moving Friday, Aug. 3 from the 10th and 11th floors to the 6th and 7th floors of the G. Fox Building at 153 Market Street in Hartford. The move will result in temporary interruptions in …
