Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast, and by 25 to 30 percent in the Mid-Atlantic and …
“Not Your Typical Bank,” the slogan used by Citizens Financial Group in its popular consumer-friendly ads, seems to apply to the bank’s latest move, the selling off of its respected insurance agencies. It is not a typical transaction. The bank …
Using June 30, 2005 figures from bank holding companies, Michael White, president of Michael White Associates (www.bankinsurance.com) in Radnor, Pa., shows how relatively little insurance meant to Citizens: Citizens Financial Group, with assets of $148.5 billion, ranks 21st in the …
In the Northeastern and Atlantic states, elected politicians are in the thick of deciding on legislation that could affect insurers, insurance agents and their insureds. New Jersey lawmakers are considering restoring coverage under the New Jersey Surplus Lines Insurance Guaranty …
Seven Main Street America Group employees were inducted March 9 in Jacksonville, Fla. into the Circle of Excellence, an annual employee recognition program established in 1985. The winners were selected for their 2005 company achievements and contributions. Jason Hartman, claim …
Not Your Typical Bank,” the slogan used by Citizens Financial Group in its consumer ads, seems to apply to the bank’s latest move, the selling off of its respected insurance agencies. It is not a typical sale. The bank did …
Community Banks Nuts & Bolts: OneBeacon Insurance, working with select independent insurance agents, has developed a solution for the increasingly complex risks of community banks through a combination of coverages designed specifically for these financial institutions and broader property and …
Seven Main Street America Group employees were inducted March 9 in Jacksonville, Fla. into the Circle of Excellence, an annual employee recognition program established in 1985. The winners were selected for their 2005 company achievements and contributions. Jason Hartman, claim …
While Congress’ insurance regulatory reform efforts appear stalled as 2006 begins, it is important to note that the states continue to move forward. These efforts require all the states to continue to move their efforts ahead in concert-as they have …
Texas Attorney General Greg Abbott reported that Texas and eight other states have reached a $171 million settlement with Zurich American Insurance Co. relating to bid-rigging and price-fixing in the commercial insurance market. The settlement means that policyholders in the …
