Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly all leading insurers offering this specialty coverage did see premium …
Personal auto insurance companies increased their rates by an average of 2.5 percent countrywide in 2013, while home insurers increased their rates by an average of 5.1 percent, according to figures compiled from Perr&Knight’s RateWatch. In addition, renters insurance rates …
The loss of 20 key Freescale Semiconductor employees in the disappearance of a Malaysian airliner on Saturday raises questions about whether the company should have allowed so many of them to board the same plane, but security experts said that …
The search for a missing Malaysia Airlines jetliner expanded on Wednesday to cover a swathe of Southeast Asia, from the South China Sea to India’s territorial waters, with authorities no closer to explaining what happened to the plane or the …
Swiss Re has issued a short statement, that “contrary to market speculation,” it is “not in discussion with the Agnelli family or any of its investment vehicles regarding the possible acquisition of a stake in Swiss Re.” The Agnellis control …
BP Plc’s bid to temporarily halt payments under its $9.2 billion oil-spill settlement so that heightened accounting and fraud safeguards can be established was rejected by a federal judge in New Orleans. U.S. District Judge Carl Barbier, in a three-sentence …
The Board of Governors of the Alaska Timber Insurance Exchange, a policyholder-owned workers’ compensation insurance company, announced a $2.2 million dividend is being paid to its members. The dividend represents roughly 33 percent of ATIE’s 2013 direct premiums and it …
Brandon Nyberg has joined The Leavitt Group’s Tacoma office. Nyberg specializes in employee benefits for companies of all sizes. His insurance experience includes working with self-funded groups with over 100 employees. Prior to his work in insurance, Nyberg was a …
The hazard posed by potential flooding is increasingly on the minds of many business owners, said Lou Gritzo, vice president and manager of research at Johnston, R.I.-based business property insurer FM Global. Gritzo recently spoke with Insurance Journal to discuss …
Most uninsured motorists in the U.S. are responsible, safe drivers who simply cannot afford to purchase liability coverage with their income but who still need to drive for their work, according to a consumer advocacy group. The Consumer Federation of …
