Minnesota News

Travelers Reports Combined Ratio for 2007 at 87.4%; 4Q Profit Dips

Profits at Travelers Companies fell 11 percent in the last quarter of 2007 as sales slowed. The company reported solid underwriting results with a consolidated combined ratio of 87.4 percent. Fourth-quarter net income declined to $1.06 billion, or $1.64 a …

Munson-Regala to Head Minn. Market Assurance Division

Minnesota Insurance Commissioner Glenn Wilson recently announced that Manny Munson-Regala has been named deputy commissioner and will lead the Market Assurance Division at the Minnesota Department of Commerce. Munson-Regala began his new position on Jan. 21, 2008. Munson-Regala brings to …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Personal Lines Insurance Agents E&O Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is …

Declarations

Politics as Usual “I have always run the Insurance Department with the utmost integrity and ethics, and now it’s been proven.” —Former North Dakota Insurance Commissioner Jim Poolman voices satisfaction after a proposal to regulate the resale of life insurance …

Minneapolis Bridge Collapse Has Parallels in Ohio

When the National Transportation Safety Board announced that a design problem on the Interstate 35W bridge likely contributed to its collapse last summer, the agency described it as probably a “one-off” situation — something the board had never seen before. …

It Figures

In recent 2007 year-end studies, both Corner-stone Research and NERA Economic Consulting documented how the subprime-related litigation wave drove an increase in securities class action filings during the year. But a related development has drawn less attention — in addition …

My New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Kidnap and Ransom Coverage Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is offering …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Personal Lines Insurance Agents E&O Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Three Year Policies — EPLI Nuts & Bolts: International Excess is offering online quotes at …

ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims

U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the same period, according to preliminary analysis …