Lloyd’s has released its 2010–2012 Strategy after a detailed review. The bulletin noted that it had consulted “over 50 managing agents, brokers and market associations” in assessing the market’s position. The strategy will focus on “maintaining and developing the attractiveness …
The Main Street America Group reported its 2009 financial results that included a 1.3 percent increase in net premium to $815 million, an 18.2 percent return on equity, and a 97.4 combined ratio for the year ended Dec. 31, 2009. …
Karen Cutts, the managing editor and former publisher of the Risk Retention Reporter, passed away on Feb. 2, 2010, after a seven-month battle with pancreatic cancer. She was 69-years-old. Cutts founded the Risk Retention Reporter and served as its publisher …
Five more insurance agencies have joined the Keystone Insurers Group in Kentucky, bringing to 11 the total number of KIG agencies in the state. The latest to join are Hayes-Utley-Hedgspeth, Moore Insurance, Cambridge Insurance, Wooten Insurance and Johnson-Pohlmann. These five …
National insurance program administrator Thomco announced the promotions of John Clark and Monica Clark (not related) to senior vice president positions. Thomco, based in Kennesaw, Georgia, said the promotions are in recognition of their expanded duties and part of a …
New Jersey-based insurance brokerage The McIntyre Group has named Rick Killmeyer as marketing executive. He formerly served as sales manager of PC Helps Support in Bala Cynwyd, Pennsylvania, where he oversaw an eight-person sales team. Prior to then, Killmeyer held …
Private insurer State Farm informed a U.S. government regulator of a worrying trend of vehicle-caused accidents involving Toyota Motor Corp. as far back as late 2007, an official at the company said. “When you start to see significant claims activity …
Mercury General Corp. reported that net income for the fourth quarter of 2009 was $34.2 million compared with net loss of $168.3 million for the same period in 2008. For the year, net income for the Los Angeles-based company was …
The California Department of Insurance (CDI) announced it has has recovered $112.1 million for consumers through consumer complaint investigations and market conduct examinations of insurance companies. The $112 million is believed to be the most money recovered in California Department …
Scant ice over the Arctic Sea this winter could mean a “double whammy” of powerful ice-melt next summer, a top U.S. climate scientist said Thursday. “It’s not that the ice keeps melting, it’s just not growing very fast,” said Mark …
