Steep declines in underwriting profits hurt bottom lines for property casualty insurers, which saw their 2007 profits slip slightly from a year earlier, a new report from three industry groups says. The industry’s net income after taxes fell 5.8 percent …
The 10th edition of the European Insurance Forum (EIF), held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management Association (DIMA) April 7-8, focused on some major issues of worldwide concern, as well as the state …
Soft market’s effect on premium volume doesn’t have to hinder revenue Premium volume may be down for independent agencies across the country but that doesn’t mean agency revenue is down for some of the nation’s top performing agencies. Diversifying an …
Stock Prices: Brokerage stocks have started 2008 in a downward spiral. Year-to-date the sector is trading down 13 percent. M&A Activity: With 29 acquisitions announced in February and March, the year-to-date total is 56, which is down 14 percent from …
Soft market, economic downturn, consumer advocacy translate into more work for agencies Insurance Journal‘s Editor-in-Chief Andrea Wells was at the Big “I” Legislative Conference in Washington, D.C., where she caught up with Robert Fulwider, an independent agent from Iowa who …
California’s Legislature is considering changes to operations of the state’s largest workers’ compensation insurer. Senate Bill 1145 was recently heard by the Senate Banking, Finance and Insurance Committee, and was scheduled for a hearing by the Senate Judiciary Committee on …
In the face of growing economic turmoil, the Bush administration is calling for an overhaul of the system regulating the nation’s financial services industries — including insurance. The reform proposal announced by Treasury Secretary Henry M. Paulson calls for insurance …
Founders reflect on changes in insurance industry education The schedules of working full-time and being a mom don’t always concur, but Patty Gibson Carlson and Laurie Zangwill-Infantino have proven otherwise with their brainchild — Insurance Skills Center — which celebrates …
American International Group, Inc. has renamed its Domestic General Insurance operations the AIG Property Casualty Group, a move the company said reflects AIG’s corporate brand and an intention to provide a clearer view of its U.S. and Canadian operations. The …
Traffic crashes cost American motorists more than $160 billion a year while inflicting a staggering per-person toll on small cities such as Little Rock, Ark., Columbia, S.C., and Pensacola, Fla., according to an American Automobile Association (AAA) research report. The …
