Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit climbed on investment gains and reduced costs tied to natural disasters. Net income climbed 2.6 percent to $434 million, or 92 cents a share, from $423 …
Bermuda-based American Safety Insurance Holdings, Ltd. announced that Fairfax Financial Holdings Limited has provided the company “with a waiver of certain provisions under the merger agreement between the companies.” Fairfax concluded an agreement to buy American Safety for $306 million …
Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has issued it latest report – The Insurance-Linked Securities Second Quarter 2013 Update – which notes that “13 catastrophe bonds closed during the period, …
The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into pharmaceutical giant GlaxoSmithKline has had a chilling effect on other risk consultants working in China. It’s unclear why …
Canadian Pacific Railway, hired to transport oil from North Dakota to New Brunswick, subcontracted part of the job to the small railroad involved in the deadly crash in Lac-Megantic, Quebec, the company that chose the Canadian railroad said. CP Rail, …
The number of railroad crossing deaths in Iowa this year already is higher than what is typical for an entire year, but it’s not clear why 2013 is proving deadlier than normal. The Des Moines Register reports that Iowa averages …
Houston, Texas-based Dean & Draper Insurance Agency LP announced that Kyle Dean has taken the helm as president and CEO in the wake of Bob Dean’s death. Kyle Dean was formerly vice president and partner at Dean & Draper. Dean …
The Federal Emergency Management Agency announced this week that so far, nearly $3.7 billion in National Flood Insurance Program payments have been made to New York State policyholders following Superstorm Sandy. That is part of more than $7.8 billion that …
The Connecticut Insurance Department on Tuesday issued an announcement urging consumers to be aware of unlicensed businesses promoting on television or other media platforms what is purported to be health insurance connected to either federal health care reform and/or the …
What’s your best sales and marketing idea? How do you target new business in your independent agency? Insurance Journal is on the hunt for the best sales and marketing ideas for independent agencies today. How do you research and obtain …
