ACE Limited’s acquisition of Chubb Insurance could create opportunity for American International Group (AIG), which is already a major player in the high net worth market along with both ACE and Chubb. Asked during an analysts’ call about the ACE-Chubb …
Departing Travelers Insurance CEO Jay Fishman and his successor, Alan Schnitzer, insist that the property/casualty insurance giant will experience a smooth transition. The Travelers Companies announced on Aug. 4 that Fishman would give up his role as CEO due to …
The 101 Sales, Marketing and Management Ideas featured in this issue came from agents, managers, columnists, consultants, researchers, techies, editors and others. We cast a wide net. Even Steve Jobs and Teddy Roosevelt contributed (although we didn’t tell them). With …
Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses in the United States. Many of the lawsuits filed as a result of …
As part of a package of tax credit reductions passed by the Legislature, Louisiana’s property insurance policyholders will lose 28 percent of a tax credit they can get for covering the debt of the state’s property insurer of last resort. …
Insurance broker Lockton added Jay Chappell in its Dallas/Ft. Worth operations as chief operating officer for its property/casualty business. Chappell will provide leadership and oversight for client service in Lockton’s risk management operation, which serves more than 808 clients with …
It could take up to another year of research to determine what has caused a recent series of Oklahoma earthquakes and whether the state is doing enough to stop them, officials said. After meeting with members of the Coordinating Council …
The Massachusetts Senate’s oversight body is launching an inquiry into homeowners insurance rate increases approved by the Division of Insurance (DOI) this year after a brutal winter led to increased claims activity. State Senator Mike Barrett (D-Lexington), chair of the …
The New Hampshire Insurance Department announced on July 24 that following a court order, Insurance Commissioner Roger A. Sevigny has been officially named as receiver of the New Hampshire Medical Malpractice Joint Underwriting Association (JUA). The order from the Merrimack …
The Connecticut Supreme Court on July 13 unanimously overturned nearly $35 million in damages against the Hartford Fire Insurance Company. The Supreme Court said the lower court had incorrectly concluded that the Hartford Fire violated the state’s unfair trade practices …
