S&P revised its outlook on Hartford Financial Services Group Inc.’s property and casualty subsidiaries in the Hartford Fire Intercompany Pool to negative from stable. The rating agency noted that legal and regulatory clouds have overhung Hartford P/C since allegations of …
This is the last issue for the year 2004. And while it may seem like any other Insurance Journal West, it’s actually pretty special and notable. The end of 2004 marks a remarkable achievement here at Insurance Journal. It is …
State regulators are asking Delaware insurance agents to fess up if they’ve been engaging in illegal conduct. In the wake of alleged industry abuses in New York, the Delaware Department of Insurance is asking more than 4,000 insurance agents and …
Agency consolidations are likely to achieve record results for 2004 but the outlook for 2005 remains unclear. Agency acquisitions in 2004 will more than likely outpace prior years by at least 25 percent. Insurance brokers continue to make a significant …
The chairman and chief executive officer if AIG said he thinks the ongoing broker investigations will cost large insurance brokers some of their top people and eventually make brokers leaner and more responsive to customers. Speaking at Lehman Brothers Global …
The year 2004 saw a little bit of everything across the Western Region. Workers’ comp, homeowners, med-mal, and even insurance fraud topped the list of the most talked about stories. We compiled these recaps based on your feedback–these are the …
Center stage will belong to Government in 2005. While it lacks the sizzle of themes from prior years–consolidation, convergence, digitization and hard market–it will have a more immediate and profound impact. The industry’s business practices and competitive landscape have long …
The scandal engulfing the world’s largest insurance brokerage firm has reached Oregon. The Portland office of insurance broker Marsh USA–the firm at the center of a corruption investigation in New York–has agreed to reimburse six Oregon school districts and one …
The National Association of Insurance Commissioners (NAIC) distributed a revised version of its draft Producer Compensation Disclosure Amendments to the Producer Licensing Model Act on Thursday and insurers claim the model still lacks resolution to their concerns. “As we have …
New York Attorney General Eliot Spitzer has issued a fourth subpoena to St. Paul Travelers Companies Inc., and officials at the insurance firm said his office is investigating whether they improperly dropped liability coverage for attorneys. The company received the …
