For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results across the board, including the program marketplace. …
In the wake of the “Terminator” taking the helm as California’s new governor, Travelers Property Casualty Corp. and The St. Paul Companies Inc. announced plans to merge, forming the nation’s second largest commercial lines insurance company. The combined company, to …
For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results across the board, including the program marketplace. …
Insurance Journal online continues to break new records, attracting readers from around the world. In just two years, Insurance Journal’s Daily Headlines e-mail newsletter has skyrocketed from 4,000 opt-in subscribers to more than 30,000 subscribers. “We broke the 30,000 mark …
Balboa Insurance Group Inc. has announced new delivery methods for a renters insurance program offered through two of its insurance company subsidiaries. BIG’s renters product, which has been sold through financial instituations for about 20 years, is now being sold …
No one can argue that the insurance industry has been beleaguered with inefficiencies. Carriers battle with changing regulations and market conditions nationwide, while agents and brokers struggle with shifting requirements and demands set forth by the carriers. And so it …
In an effort to provide relief to skyrocketing workers’ compensation premiums in California, Insurance Comm-issioner John Garamendi lowered the advisory pure premium rate by 14.9 percent, a shift that the Department of Insurance believes would return premiums to July 2002 …
No one can argue that the insurance industry has been beleaguered with inefficiencies. Carriers battle with changing regulations and market conditions nationwide, while agents and brokers struggle with shifting requirements and demands set forth by the carriers. And so it …
In an effort to provide relief to skyrocketing workers’ compensation premiums in California, Insurance Commissioner John Garamendi lowered the advisory pure premium rate by 14.9 percent, a shift that would return premiums to July 2002 levels. The announcement comes on …
The American Association of Managing General Agents (AAMGA) will hold its mid-year meeting at the Phoenician Resort & Spa in Scottsdale, Ariz., on Nov. 13-15. At the heart of this year’s meeting will be several industry roundtable sessions. “A few …
