The low interest-rate environment and poor investment income are pushing the need for more stringent underwriting for carriers, according to a panel of experts at a recent industry forum. Property/casualty insurers get part of their revenues from the interest generated …
A man who claims to have been sexually abused as a child by former Penn State coach Jerry Sandusky is asking to intervene in an insurance lawsuit, according to a local news report. The Centre Daily Times in Pennsylvania reports …
NSM Insurance Group, an insurance program administrator, said it has received a capital investment from a private equity investment firm. NSM Insurance says the capital infusion from ABRY Partners will help enhance its ongoing growth and acquisition strategy. The firm …
A New York court has ruled that a worker taking a short break does not constitute an interruption of employment, thus a worker injured during such a break is still entitled to workers’ comp benefits. The Appellate Division of the …
New York financial regulators are reportedly investigating several major banks to find out whether they fraudulently steered homeowners into more expensive home insurance. According to The New York Times, the office of Benjamin Lawsky, the superintendent of New York State’s …
Speaking at an industry conference yesterday, the Federal Insurance Office’s top official gave an update on his department’s upcoming report on the U.S. insurance regulatory system. FIO Director Michael McRaith said he has received close to 150 comment letters from …
Most property/casualty insurance executives believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey from the Insurance Information Institute. The I.I.I. conducted the …
The year 2011 is now behind us — and what a year it was for the P/C insurance industry. There were many headlines. But it will be remembered mostly for record-high catastrophe losses. In May, we saw a tornado that …
Allstate announced on Friday that the Superior Court of New Jersey has entered judgment in favor of Allstate New Jersey Insurance Company, a wholly owned subsidiary of Allstate Insurance Company, and dismissed all claims in the franchise lawsuits filed against …
It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last September to buy Harleysville but was …
