The Hartford Hartford Financial Services Group Inc. is reportedly trying to sell its property/casualty insurance business, as it reels from massive losses, according to Reuters. The Hartford has retained Goldman Sachs to begin vetting potential buyers, which include Allianz, MetLife, …
Bob Rusbuldt, president and CEO of the Independent Insurance Agents & Brokers of America (Big “I”), sat down with Insurance Journal‘s Andrew Simpson at the association’s recent legislative conference in Washington, D.C. The following excerpts are from the complete interview, …
Lobbyists for property/casualty insurance agents have elevated health care reform to the top of their political agenda. P/C agents have addressed health insurance legislation in the past but the issue has taken on new urgency for several reasons. First, after …
Some Missoula County, Mont., residents say they’re concerned about newly released Federal Emergency Management Agency maps showing which properties are located in flood plains. The concerned residents include homeowners in the Mullan Trails subdivision. Missoula County is wrapping up a …
The Obama Administration has come out in opposition to expanding the federal flood insurance program by letting it add coverage for wind damage. The administration said it opposes the expansion because it would further burden the debt-ridden flood program and …
Maran Corporate Risk Associates of Southampton, New York has been named Agency of the Year by the National Flood Insurance Program. The designation is given each year and recognizes agencies that demonstrate a dedication to promoting flood risk awareness and …
The big melt is on across Colorado, increasing the threat of spring flooding, according to the Rocky Mountain Insurance Information Association. It’s also a wake-up call to homeowners and renters that they may not have considered separate flood insurance to …
Levees and floodwalls surrounding New Orleans – no matter how large or sturdy – cannot provide absolute protection against overtopping or failure in extreme events, according to a new report by the National Academy of Engineering and the National Research …
It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in the world, agree that the Florida property insurance market provides …
480 Nationwide Mutual Insurance Co., based in Columbus, Ohio, on April 3, 2009, laid off 480 employees and contractors across the country, the latest round of job cuts from the insurance giant, a spokesman said. Nationwide has eliminated about 3,000 …
