Risk retention groups continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. Demotech Inc., a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers, analyzed the reported …
SullivanCurtisMonroe Insurance Services LLC named Andrew Anson director of marketing and communications to its Irvine, Calif. office. Anson has more than 20 years of experience in financial services marketing and business development. His prior work experience includes marketing positions with …
Property, casualty and professional liability insurance rates were up five percent in April, according to MarketScout’s most recent composite index. That matches the increase for March. Commercial property and workers’ compensation rates were up the most of all coverages at …
Slower growth in the pace of U.S. healthcare spending reflects a fundamental change in the use of medical services that could save the country nearly $800 billion in the next decade, according to two new studies released on Monday. The …
Bank of America Corp. has agreed to pay $1.6 billion in cash to MBIA Inc. and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday. Bank …
PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, has extended its market coverage to include Italy, and will provide data for both earthquake and flood perils with immediate effect. PERILS said it will make available market-wide property sums …
Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest rates. The two reinsurers said on …
The battle against prescription drug abuse in Tennessee is constantly being fought by officers and lawmakers. The Commercial Appeal reported that 79 of the 92 drug-related deaths in Shelby County in 2010 can be attributed to prescription medications such as …
RENO, Nev.-based EMPLOYERS named Bradley N. Hatfield vice president of underwriting for strategic partnerships and alliances. He will be based out of EMPLOYERS’ office in Glendale, Calif. He has more than 25 years of experience in the insurance industry. Hatfield’s …
Montana Gov. Steve Bullock has made Montana the 43rd state to join the Interstate Insurance Product Regulation Commission. Bullock’s state joined the IIPRC upon his signing of Senate Bill 28. The IIPRC is a state-based regulatory modernization initiative designed to …
