First Light Program Managers of Dania, Florida, said it has acquired substantially all of the assets of wholesale broker Frontline Underwriters Inc. of Madison, Mississippi. Details of the transaction were not disclosed. Since 2003, Frontline has provided commercial auto liability, …
A federal judge has blocked the state of Tennessee from enforcing emergency rules for people who advise others about the new health insurance exchange. The Tennessean reported that U.S. District Judge Todd Campbell issued a temporary restraining order Monday. In …
U.S. financial regulators discussed the federal debt ceiling and the effect of the government shutdown on market monitoring during a phone conversation on Tuesday, a Treasury Department spokesman said. The Financial Stability Oversight Council might meet again as Oct. 17 …
Progressive Corp., the fourth-largest U.S. auto insurer, said profit dropped 16 percent as investment income declined for a 12th straight quarter. Third-quarter net income decreased to $232.4 million, or 39 cents a share, from $277 million, or 46 cents, a …
While property/casualty insurance stock valuation levels are finally exceeding book values after four years of below-book levels, a near-term return to higher historical valuation levels is unlikely, according to a new analysis by Conning. “Yes, underwriting fundamentals have improved, supporting …
Private equity firms J.C. Flowers & Co and Apollo Global Management are among a handful of companies expected to bid for Hartford Financial Services Group Inc. ‘s Japanese annuity business, three people familiar with the situation told Reuters this week. …
Despite a little touch of some wetter and cooler weather, the 2013 wildfire season isn’t over, and the Western states in particular should be prepared for a few more potentially active months. That’s according to the 2013 CoreLogic Wildfire Hazard …
The world’s largest insurers could be forced to raise fresh capital under rules proposed by regulators on Wednesday that echo measures imposed on the banks to avert another financial crisis. The insurance industry says it wasn’t to blame for the …
Billions of people could be living in regions where temperatures are hotter than their historical ranges by mid-century, creating a “new normal” that could force profound changes on nature and society, scientists said on Wednesday. Temperatures in an average year …
Allied World Assurance Company Holdings, AG has announced that Allied World Europe has appointed Andrew Graham Vice President, Mergers and Acquisitions. He will oversee the strategy, underwriting and marketing of Allied World Europe’s warranty and indemnity, tax liability, special situation/contingent …
