American International Group, Inc. (AIG) has entered into an agreement under which it will combine its consumer finance business in Poland, conducted through AIG Bank Polska S.A., into the Polish consumer finance business of Santander Consumer Finance S.A., which is …
The Hartford reported a second quarter 2009 net loss of $15 million compared with second quarter 2008 net income of $543 million. Even so, Ramani Ayer, chairman and chief executive officer of The Hartford, said the insurer is seeing a …
Jacksonville, Florida-based medical liability insurer FPIC Insurance Group Inc. will acquire Advocate, MD Financial Group Inc. of Austin, Texas for $33.6 million. The deal includes additional considerations of up to $12 million based on Advocate, MD’s future financial performance. Advocate, …
A Mississippi convenience store owner who shot and killed a robber cannot seek coverage under his general liability policy for a wrongful death suit brought the victim’s survivors, a federal court has ruled. The suit stems from an incident in …
The head of Colorado’s state-chartered workers’ compensation insurance fund says the company wants to go private. Ken Ross, president and chief executive of Pinnacol Assurance, told The Denver Post editorial board the company might be willing to pay taxes and …
Pennsylvania-based Harleysville Group Inc. saw second quarter profits climb 115 percent to $20.1 million, up from $9.3 million in the year-ago quarter. At the same time, revenues at the insurer fell nearly 7 percent to $244.5 million, from $261.5 million …
Age may determine how much health and life insurance companies spend trying to get people onboard. A new study shows health and life insurers pay much more attention to Baby Boomers than they do to Generation X and Generation Y. …
CNA Financial Corp. named Bob Lindemann as president and chief operating officer of CNA’s Commercial Lines operations. In this role, Lindemann will be responsible for achieving profitable growth in CNA’s $3.5 billion commercial property/casualty business, which is now comprised of …
Toronto-based Fairfax Financial Holdings Ltd said Friday it expects the insurance market to turn a corner this year and believes its book value will be “up significantly” in five years. Speaking during a conference call the morning after Fairfax reported …
The EPA project manager overseeing cleanup at the abandoned Metachem site near Delaware City says toxic chemicals will remain there for at least 100 years. Hilary Thornton spoke Tuesday night about the Environmental Protection Agency’s approach to the former Standard …
