An Indonesian volcano spewed hot gases and ash in two eruptions on Monday that show high and unpredictable activity from the volatile mountain, experts said. The second blast at Mount Lokon was the larger of the two afternoon eruptions, spewing …
It’s been 10 months since the first big earthquake struck New Zealand’s second-largest city. It’s been nearly five months since a far more devastating one killed 181 people and crippled the downtown. And it’s been just a few hours since …
French reinsurer SCOR announced that it has finalized the sale of its subsidiary Investors Insurance Corporation (IIC) to Athene Holding Ltd., as initially announced on February 16, 2011. SCOR said the sale, for $55 million, “is in line with the …
Insurance is adding big bucks to Google’s profitability, according to new research released today. After Google posted impressive profits for the second quarter 2011, almost $7 billion, Word Stream, a Boston, Mass.-based provider of search marketing software, embarked on a …
The Allstate Corp. said on July 18 that the president of its struggling Allstate Protection subsidiary was leaving the company immediately. After the announcement, Allstate’s shares fell more than 5 percent in midday trading. The company gave no explanation for …
Ironshore Inc. is broadening its relationship with Equinox Global Limited to extend additional underwriting capacity to its trade credit insurance market program. Ironshore will provide increased capacity on a facultative basis for all eligible territories to meet the growing insurance …
Austin, Texas-based Combined Agents of America LLC (CAA) has been identified as the fastest growing agency in terms of sales growth and profitability with insurance partner State Auto Insurance Co. CAA is State Auto’s President Award winner in 2010, State …
Two lead plaintiffs won’t get any money from a recent $62 million settlement to a case alleging discrimination in the Road Home program to help people rebuild after the hurricanes of 2005. The Times-Picayune reports that Almarie Ford and Edward …
In response to the recent enactment of the Illinois workers’ compensation reform measure, House Bill 1698, workers’ compensation insurance database manager National Council on Compensation Insurance Inc. filed for an 8.8 percent decrease in voluntary advisory insurance rates in Illinois. …
NIF Group, Inc., a program administrator and specialty brokerage firm, has a new program designed for the nursery and garden center industry. NIF Insurance Services of California, a division of NIF Group, will act as the program administrator in partnership …
