Pennsylvania-based insurance agency franchisor Keystone Insurers Group has more than 200 agency owner-partners and it’s not done yet, says Colin Buzzard, Keystone’s executive vice president of sales and marketing. Currently, Keystone has agency partners in Pennsylvania, North Carolina, Virginia, Indiana …
U.S. oil refineries have an ongoing problem with accidents that turn deadly, losing four times as much money from such incidents than refineries in the rest of the world, according to an insurance company report obtained by The Associated Press. …
A bulletin from Marsh’s London office notes that in the wake of the global financial crisis, “businesses in all parts of the world are strengthening their risk governance, including management of their counterparty risk.” In the process of gauging the …
Florida Gov. Charlie Crist wants the state insurance regulator to have authority to prevent excessive payments by home-based insurance companies to affiliate managing general agencies and other entities. “I’d like to be able to sign that,” Crist told Insurance Commissioner …
New Jersey-based insurer Selective Insurance Group Inc. says it has begun outsourcing its investment operations to third party managers and as a result, its executive vice president and chief investment officer, Kerry A. Guthrie, has left the company. The company …
The California Court of Appeal has ruled that an insured can recover full defense costs, when an insurer fails to respond with timely defense. According to court documents in Intergulf Development v. Superior Court of San Diego County (Interstate Fire …
The recession may be over, but recovery is not happening quickly enough for insurers and brokers. From unemployment rates hovering at about 10 percent to still rising business bankruptcies, the lingering effects of the recession continue to whittle away at …
The Federation of European Risk Management Associations (FERMA) announced that it is presently conducting, “a wide-ranging, risk management benchmarking survey,” aimed at compiling data to let insurers know “what their major commercial insurance customers in the UK and across Europe …
The European Insurance Forum, held in Dublin Monday and Tuesday, was dominated by the fiscal crisis that has hit Ireland particularly hard. Although the country’s insurance industry remains a bright spot in an otherwise fairly bleak landscape, even it is …
California Insurance Commissioner Steve Poizner announced that 460 insurers have agreed in writing to a moratorium on future investments in 50 companies identified by the California Department of Insurance (CDI) to be doing business with the Iranian energy, nuclear and …
