Profits at Travelers Companies fell 11 percent in the last quarter of 2007 as sales slowed. The company reported solid underwriting results with a consolidated combined ratio of 87.4 percent. Fourth-quarter net income declined to $1.06 billion, or $1.64 a …
Massachusetts independent agents are facing a challenge to hang onto their whopping 86 percent market share in personal lines as the state embarks upon a new competitive auto insurance system that will bring some of the predictive analytics that agents …
The Hanover Insurance Group Inc. in Worcester, Mass. reported a rise in earnings for the fourth quarter and last year overall while its chief executive officer expressed confidence the company has “momentum leading into 2008.” The company managed to grow …
Burns & Wilcox appointed Sandra Pigott and Maria Pugliese to underwriting positions at the company’s Daytona Beach, Fla., office. Pigott joined Burns & Wilcox as a senior underwriter. Previously, she was a senior commercial lines underwriter working in Valley Forge, …
Columbus, OH, Jan 29 2008 – InsuranceLeadz.com, Inc. has just launched a new comprehensive lead verification service called LeadReady™. LeadReady™ allows InsuranceLeadz.com to instantly review and check every lead that comes through the system for accuracy. By doing this InsuranceLeadz.com …
Legislation that would prohibit insurers’ use of credit information narrowly advanced out of the Colorado House Business Affairs and Labor Committee Thursday on a 6-5 vote. According to the Property Casualty Insurers Association of America, the insurance industry will oppose …
Ascension Insurance Inc. signed an agreement to acquire the assets of the California -based insurance agency, Pan American Underwriters Inc. Pan American is a wholly owned subsidiary of PAULA Financial (Pink Sheets:PFCO). The board of directors of PFCO voted on …
Crump Insurance Services promoted Amanda Figueroa to underwriting manager of Crump’s Seattle and Portland managing general agency unit. Figueroa is a licensed broker who has been in the insurance industry for more than six years. Prior to her new position, …
Minnesota Insurance Commissioner Glenn Wilson recently announced that Manny Munson-Regala has been named deputy commissioner and will lead the Market Assurance Division at the Minnesota Department of Commerce. Munson-Regala began his new position on Jan. 21, 2008. Munson-Regala brings to …
The burned exterior facade along the roof of the Monte Carlo hotel-casino will have to be removed or secured before the Las Vegas Strip resort can reopen, the chief county building inspector said. Ron Lynn, chief of the Clark County …
