The most recent reports of property/casualty insurers indicate a return to profits, thanks in large measure to a quiet hurricane season. But behind the rosy reports is a thorny problem — lower investment income. According to Dr. Robert Hartwig, president …
Florida-based insurer United Insurance Holdings Corp. has appointed Joseph R. Peiso as chief financial officer. Peiso will assume his new position Jan. 19. Peiso will oversee United’s financial planning and control, financial reporting and general corporate finance activities. Peiso has …
Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6 billion through nine-months 2007. Insurers’ overall profitability as measured by …
The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the aftermath of the financial …
Agents Wish for Firmer Prices, Better Economy and Market Stability in New Year Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, …
SAN DIEGO, CA (November 5, 2009) — Insurance Journal, the world’s leading news source for the property/casualty insurance industry, has launched a new iPhone application, that allows readers to quickly view news and multimedia content published on the magazine’s Web …
The U.S. property/casualty industry experienced a 17 percentage point decline in risk-adjusted capitalization in 2008, according to A.M. Best Co., which conducted a four-year study. However, the capital still exceeded adequate levels thanks to excess from previous years. Using its …
Eagan Insurance Agency, based in Metairie, La., has added six insurance professionals to its staff. Joining the family business are Andrew Eagan and David Strassel, both members of the fifth generation of the Eagan family to actively participate in the …
Attacks by President Obama and Congressional Democrats against private health insurers will have a “spillover effect” on other segments of the private insurance marketplace, a property/casualty insurance trade group executive has warned. David A. Sampson, president and CEO of the …
Long time Texas insurance agency executive James Peak Elbert, 72, of Galveston died suddenly on Oct. 11, 2009, at his home. Elbert was born in Pampa, Texas, on Feb. 5, 1937, and grew up in Lake Jackson. After working in …
