Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents, according to recent research from analysts at Nomura Equity Research, which notes that GEICO has overtaken Allstate to become the …
W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during the same period in 2012. For the first nine months of this year, net income came in at …
IJAM welcomes guest blogger Charles Wasilewski, vice president of marketing communications for Aartrijk branding firm. It’s October, and I’m a bit nervous about hurricane season – and Halloween. After all, for the past two scary holidays my home was literally …
A new report from Aon Benfield, a reinsurance intermediary and capital advisor of Aon plc, says U.S. homeowners insurance is showing significant growth opportunities. The report, titled “Homeowners ROE Outlook: 2013 Update,” reviews the industry aggregate state level statutory financial …
USI Insurance Services has appointed Brian Golick as senior vice president. He is based in USI’s New York metropolitan office. Golick brings 25 years experience in employee benefits, sales, insurance account management and underwriting. Formerly a senior vice president at …
U.S. Senator Charles Schumer, D-N.Y., last Friday urged Sandy-impacted homeowners on Long Island, New York, to apply for Sandy aid under the New York State’s “NY Rising” housing reconstruction program. The NY Rising program allocates federal funding to Sandy victims …
A University of Alabama study has found that the April 2011 tornado didn’t severely impact home foreclosures in the Tuscaloosa area. Sociologist Bronwen Lichtenstein says researchers noted a slight decrease in foreclosures after the tornado. She and associate professor Joseph …
All Risks’ Workers Compensation Division has launched it’s third specialty class, non-emergency medical transportation (NEMT), with an exclusive A.M. Best “A” rated market. This WC unit has direct access to the carrier’s competitive rates and is available to NEMT risks …
Many homeowners who got slammed by Superstorm Sandy are finding their flood insurance checks are nowhere near large enough to cover their repairs, and consumer advocates put some of the blame on errors by the multitude of adjusters who were …
Southport Lane, a New York-based private equity firm, announced that Brandon Young has been appointed chief operating officer of its reinsurance holding company Southport Re and senior vice president of Southport Lane. In this position, Young plays a key role …
