CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving customers and independent agents— and paying claims. How are regional insurance companies …
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. Staffing Firms Market Detail: World Wide Specialty Programs was founded 40 years ago to provide …
Ratings Agencies May Need to Rethink Their Methodologies as Well The current economic environment has produced several influences that in combination are negatively affecting, or at least stressing, property casualty insurance carriers in unique ways, says one experienced industry analyst. …
AIG American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion to Nippon Life Insurance Co. The property includes approximately one acre of land on which The AIG Otemachi Building …
The Progressive insurance company is paying the state of Massachusetts $120,000 and reimbursing customers after volunteering that its Web site had provided inaccurate rate comparisons. The Ohio-based Progressive Casualty Insurance Co. began selling policies in Massachusetts on May 1, 2008, …
Attorney General Lisa Madigan has filed an objection to the terms of Chrysler’s pending sale to Fiat in federal bankruptcy court on behalf of the Illinois Workers’ Compensation Commission (IWCC) and the Illinois Self-Insurers Advisory Board (ISIAB). Attorneys general in …
The Navigators Group Inc. has opened a Pittsburgh office of Navigators Management Co. Inc., its principal underwriting agency subsidiary. The office will serve western Pennsylvania, western Maryland, Ohio and West Virginia and will initially be staffed with underwriters handling Directors …
Two domestic property insurers no longer writing in the state — one by choice, the other forced– are the only two Florida insurers negatively affected thus far by a rating agency’s review of small domestic insurers. In a May 21 …
A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit ratings to “bbb+” from “a-” of Georgia Farm Bureau Group and its members, Georgia Farm Bureau Mutual Insurance Company and Georgia Farm …
National Interstate Corporation, headquartered in Richfield, Ohio, and its principal operating subsidiary, National Interstate Insurance Company, are celebrating 20 years of service in the transportation insurance industry. National Interstate has enjoyed significant growth since its inception in 1989, and offers …
