Overall customer satisfaction with auto insurance companies has reached an all-time high, according to the Westlake Village, Calif.-based J.D. Power and Associates’ 2012 U.S. Auto Insurance Study. The satisfaction rate was driven primarily by increases in satisfaction with policy offerings, …
Workers’ compensation, the largest commercial-lines segment representing 18 percent of commercial lines net written premiums in 2011, posted a statutory combined ratio of 117 percent in 2011, according to a new report by Fitch Ratings. This result is 9.5 percentage …
In recent years, a growing number of independent property/casualty agencies have begun offering group health/benefits services to their clients. In interviews with Insurance Journal, agency executives in the Northeast cited several reasons why their firms got into this arena: a …
Gallagher, Whitehaven Illinois-based global insurance broker Arthur J. Gallagher & Co. has acquired Whitehaven Insurance Group, Inc. in Gulf Shores, Alabama. Terms of the transaction were not disclosed. Founded in 1994, Whitehaven Insurance Group is a retail insurance broker offering …
As if there aren’t enough surveys to write about, there’s a new survey that shows how people spend their time — other than on conducting surveys and writing about them. The Bureau of Labor Statistics recently issued its “American Time …
Alignment of Resources Essential for Success The South Central region of the country, particularly Texas, has been a hotbed of activity when it comes to mergers and acquisitions of smaller health and benefit agencies. The reason, according to agencies in …
Despite the odds that public companies and their directors will be sued in the next 12 months, a new Chubb Public Company Risk Survey has found that more than 80 percent believe this is unlikely. “This general lack of concern …
USI, Lynch, Beretta and Bucci USI Insurance Services completed the acquisition of Lynch, Beretta and Bucci Insurance, a Pawtucket, R.I.-based P/C insurance agency that specializes in a wide range of personal lines, commercial lines and specialty products, including Rhode Island …
By the time this edition of Insurance Journal is printed and distributed, the U.S. Supreme Court likely will have issued its ruling on the challenges to federal healthcare reform legislation passed in 2010. No matter how the Court decides on …
Five former executives of American International Group Inc and Berkshire Hathaway Inc unit Gen Re admitted to conducting a fraudulent reinsurance transaction on June 22 as part of a deal to end a years-long criminal case against them. All five …
