NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector car insurance policies. In addition to agreed value loss settlement, which protects against depreciation, …
Toronto-based insurance group Fairfax Financial Holdings Ltd. said it would increase the cash component of its offer to buy Allied World Assurance Co. Holdings AG by $18 per share. The increase in the cash component of the offer would reduce …
Britain’s 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts as a backstop to insurers paying out claims …
XL Catlin was 2016’s highest-performing large commercial insurer in terms of customer satisfaction, according to the latest J.D. Power study. CNA, Chubb, Berkshire Hathaway Homestate Companies and a pre-merger ACE (which acquired Chubb) rounded out the top 5. Those designations …
Automakers recalled a record 53.2 million vehicles in 2016 in the United States after a massive expansion of the callback to replace Takata Corp. air bag inflators, the U.S. Transportation Department said on Friday. Under aggressive enforcement by the Obama …
Sweeping White House promises that insurance premiums will fall and more people will have coverage under the Obamacare replacement plan may be hard to keep as conservatives demand limits to government involvement in health care before they support the measure. …
Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us what you …
Louisiana’s majority-Republican congressional delegation hasn’t exactly embraced the GOP proposal to replace President Barack Obama’s health care law, with most members instead offering a cautious, noncommittal response. Only Rep. Steve Scalise, the third-ranking House Republican and a member of the …
A Texas-based manufacturer of equipment used in hydraulic fracturing (fracking) has been sued by the the U.S. Equal Employment Opportunity Commission (EEOC) over charges of racial harassment and retaliation. The EEOC says Downhole Technology violated federal law when it retaliated …
Kansas rancher Greg Gardiner got into some of his scorched pastures for the first time on March 8 and surveyed what he likened to a battle zone: carcasses of dead cattle everywhere. “It’s pretty much a catastrophe,” Gardiner said as …
