The Hartford Financial Services Group has named Matthew Kirk senior vice president of sales and distribution for the company’s commercial markets division. He is based in Hartford, Conn. Kirk joined The Hartford in 2006, most recently serving as senior vice …
The Texas Windstorm Insurance Association is not sustainable and likely won’t be until the state spreads the costs of risks associated with major hurricane strikes beyond just Texans living in coastal areas, the state’s top insurance official said. Eleanor Kitzman, …
While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the property/casualty insurance industry in Louisiana, the state’s …
A federal judge says a trucking company’s insurer must cover some of the claims associated with the spill of a sticky goo over a 40-mile stretch of the Pennsylvania Turnpike last year. U.S. District Judge Joy Flowers Conti said on …
Pay-drive “Esurance is the latest California company to offer consumers a simple and innovative insurance option that allows motorists who drive fewer miles to save money by only being charged for the insurance they need and use.” –California Insurance Commissioner …
ACE American Insurance Co. recently filed a lawsuit against OneBeacon U.S. Holdings Inc. In its lawsuit, filed in Pennsylvania, ACE alleges that OneBeacon poached the entire eight member-team that made up ACE’s East Coast Surety Department. What’s more, ACE charges …
More than three-quarters of a million homes in the Western U.S. have a high risk of wildfire damage, according to a report released by Santa Ana, Calif.-based CoreLogic. CoreLogic’s Wildfire Hazard Risk Report identifies more than 740,000 residences across 13 …
Cargo theft, a multibillion dollar industry, continues to threaten supply chain security around the world. It can occur while goods are stored or in transit — by train, truck, air or ocean. Regardless of how a company chooses to house …
Swiss Re’s sigma report analyzing the effect on the insurance industry of the continuing low interest rates doesn’t paint a pretty picture. Rates have been at historic lows for several years. For instance the nominal yield on a 10-year U.S. …
Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive quarter that aggregate prices rose for all …
