If the stock market and weather are any indication, third-quarter earnings reports from insurers will look a lot better than they did a year ago. The big companies, which began their reporting season today with Travelers Cos.’ results, are expected …
Columbus, Ohio-based State Auto Financial Corporation reported third quarter 2009 net income of $13.0 million, or $0.33 per diluted share, versus a net loss of $14.7 million, or $0.37 per diluted share, for the third quarter of 2008. State Auto’s …
BrickStreet Insurance is looking to shed about 24 jobs as it continues adjusting to a market in which it’s no longer the sole provider of workers’ compensation insurance in West Virginia. President and CEO Greg Burton says buyout offers have …
An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of performance categories and at least as well when it comes to the bottom …
Standard & Poor’s Rating Services is refining and adapting its methodology for assessing insurance companies’ enterprise risk management (ERM), as set out in a recently published article, “Expanded Definition Of Adequate Classification In Enterprise Risk Management Scores.” S&P said it …
Virginia-based Elephant Insurance, a recently launched direct writer for auto insurance, plans to host a grand opening for its new offices tomorrow. The company, which is owned by UK-based Admiral Group, has invited business partners, state and local officials and …
Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Prior to joining NCIC, Ring was a regional manager for construction-related publications and affiliated online …
James and Maria Ivory’s dreams of a relaxing retirement on Florida’s Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes pipes. It got worse when …
Louisiana’s Department of Insurance improperly made $29 million in incentive payments to five insurance companies before having all the agreements finalized, according to an audit from Legislative Auditor Steve Theriot. Auditors with Theriot’s office said the department awarded the cash …
Manulife Financial, Canada’s biggest life insurer, announced on Thursday that it has acquired Pottruff & Smith Travel Insurance Brokers Inc. in an all cash deal that will make it Canada’s No. 2 travel insurer. The acquisition was the second for …
