Germany’s Allianz announced that it has added two new stadiums to the Allianz Family of Stadiums. Allianz France signed a long-term naming rights contract for the new “Allianz Riviera” in Nice, and Allianz in the UK signed a partnership agreement …
Coming off a rough few years of recession, then a disaster prone 2011 – and then more global uncertainty in 2012 – the world and the insurance industry have a few things to look forward to in the next year. …
There was a time, not so far in the distant past, when virtually all property and casualty insurance rates were calculated by industry-owned rate bureaus. It wasn’t necessarily a terrible system. Smaller insurers could compete on relatively even ground with …
Branchville, N.J.-based Selective Insurance Group Inc. posted $0.3 million for its second-quarter profit, down from $1.5 million profit reported during the same period one year ago. The insurer said Wednesday that its results were hampered by catastrophe losses during the …
The MEMIC Group, a workers’ compensation insurer headquartered in Portland, Maine, has promoted Kelly Barden to the new position of communications production manager.In her new role, she will oversee and implement communications and branding projects across all areas of The …
The upward pricing trends are continuing in the U.S commercial lines, but much more rate increases are still needed to correct the chronic underpricing in the industry, Liberty Mutual CEO David Long remarked. “In U.S. commercial lines, the pricing trend …
The Terrebonne Parish Council has approved contracts with two Houma, La., hotels to shelter essential parish employees after disasters — and a catering contract to feed parish workers. Officials tell The Courier those options will be key to returning to …
The Texas Department of Insurance recently was inundated by hundreds of emails regarding homeowner insurance rates, and the department now has the task of finding out why the majority of them were rejected by agency’s computer servers. TDI reported that …
Markel Specialty Programs announced today that is has expanded its partnership with All Risks Ltd. to offer a new program for excess hired/non-owned auto liability with limits up to $1 million through All Risks’ National Specialty Programs division. The program …
State Farm is pulling its ads from Penn State football broadcasts, while General Motors is reconsidering its sponsorship deal and Wall Street is threatening to downgrade the school’s credit rating, suggesting the price of the sexual abuse scandal could go …
