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Foremost Launches Updated Auto Program in Illinois

Foremost Insurance Group has introduced its enhanced auto program in Illinois, featuring more competitive rates, new discounts, increased coverage options and improved online processing. “The technological enhancements that come with this launch make the quoting and binding process even easier,” …

Fairfax Prem Watsa Brings Hope to RIM’s Restless Shareholders

The arrival of the man known as “the Warren Buffett of North” on Research In Motion’s board this week offers a ray of hope to the BlackBerry maker’s impatient shareholders after their disappointment that an insider was named new chief …

West Joins Dealey, Renton in Northern California as Senior Vice President

Dealey, Renton & Associates has named Morgan West senior vice president. West will be based in DRA’s Oakland, Calif. office and will report to President Al Chinn. West’s role will include working with key accounts and assisting in certain management …

Everest Re Estimates Q4 Total Catastrophe Losses at $245 Million

The Bermuda-based Everest Re Group announced that it expects to incur net catastrophe losses of approximately $245 million, after reinstatement premiums and taxes, for the quarter. “This loss provision includes an estimate for the floods in Thailand, with losses now …

U.S. Eyes WTO Services Pacts Amid Doha Stall

The United States is making a push for a group of countries within the World Trade Organization to start talks to liberalize trade in services, even if big developing countries like China, India and Brazil don’t want to join, U.S. …

Florida Gov. Scott Leads a PIP Rally for Reform

Standing in the rotunda of Florida’s capitol in Tallahassee on Wednesday, Florida officials and business leaders called on state lawmakers to reform the state’s no-fault personal injury protection (PIP) auto insurance law and reduce the costs for drivers and businesses. …

Tougher U.S. Commercial Market Conditions in 2012: Marsh

U.S. commercial insurance rates are expected to climb across many lines of business in 2012, continuing a trend that began in the second half of 2011, according to a report by insurance broker Marsh. Substantial catastrophe losses and reduced investment …

The Politics of Florida PIP: Industry Looks on While Pols Seek Answers

Most agree that Florida’s automobile no-fault personal injury protection (PIP) system needs to be reformed. But in the halls of the state Capitol the struggle over just how to reform the law has exposed how complicated it is to rein …

Travelers CEO: Business Insurance Renewal Price Up 10% in December

Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the company earnings call held yesterday. Travelers has …

Bills Named Colorado Casualty President and CEO

Centennial, Colo.–based Colorado Casualty has named Lucas J. Bills as president and chief executive officer of the commercial lines company, which operates in Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming. Bills joined Colorado Casualty in 2009 as regional vice …

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