The Hartford Q4 Profit Down 79% Hartford Financial Services Group reported $127 million for its 2011 fourth-quarter net income, down 79 percent from one year ago. Results were dragged down by higher net capital losses and current and prior-year reserve …
The Pennsylvania Insurance Department approved a 5.7 percent decrease in overall workers’ compensation costs that will result in $160 million in savings for Pennsylvania employers. Regulators said employers can expect a 5.7 percent rate cut, on average, in 2012. However, …
Earlier this month, the National Press Club in Washington, D.C., hosted a debate on the federal health care law, the Affordable Healthcare Act, pitting two of the most prominent attorneys general against each other. The speakers at the Feb. 9 …
The Maryland Court of Appeals, the state’s highest court, recently ruled in favor of Allstate. The court upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new homeowners policies in coastal areas of …
The U.S. judge overseeing MF Global’s bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers. Opponents of the plan to cover former executives, …
The Hartford Financial Services Group’s biggest stakeholder is not happy with its stock price and wants The Hartford CEO Liam McGee to do “something drastic,” including splitting up the company’s life insurance and P/C businesses. Speaking at the company’s earnings …
BB&T, Crump Group North Carolina-based BB&T Corp. is buying the P/C and life insurance units of Roseland, N.J. – based insurance wholesaler Crump Group. BB&T is paying $570 million in cash for Crump P/C Insurance Services and Crump Life Insurance …
With its chairman taking a new CEO position elsewhere, American International Group has been forced to rethink its previous succession plan. AIG CEO Bob Benmosche has been receiving treatment for cancer since late 2010. And while Benmosche continues to be …
Opening a Basic Social Media Account Is Free — The Rest Isn’t Most social media accounts are free of charge. You can open up Facebook, Twitter, LinkedIn, Google+ and Blogger accounts all without spending a dime. That’s what makes them …
