The Hanover Insurance Group Inc. reported a net loss of $9.7 million for the third quarter of 2011, driven mostly by catastrophe losses of $64.7 million after tax. The Hanover’s net income for the same period in 2010 was $52.3 …
Auto insurance claimants who incur a total vehicle loss are notably less satisfied with the claims experience than claimants who incur a repairable vehicle claim, a new study reports. Satisfaction averages 811 on a 1,000-point scale among claimants with a …
As Insurance Journal has reported, Florida lawmakers are considering the future of the state’s largest homeowners’ insurer, Citizens Property Insurance Corp. It’s supposed to be the insurer of last resort but it’s become the first and only choice for many, …
Arch Insurance Group appointed Catherine Whiddon, regional vice president, as head of the company’s railroad casualty business unit. She will lead the underwriting of all commercial railroad liability, force account liability, railroad protective liability, scenic excursion liability, railroad general liability, …
Miguel A. Barrales has been named president of Universal Insurance Holdings of North America, a multi-regional insurance carrier with 170 employees and operations in 17 states. Universal North America is a subsidiary of Universal Group Inc., Puerto Rico’s principal supplier …
Prior to September 11 attacks ten years ago, the thought of terrorism didn’t loom large in our nation’s collective psyche or our business decisions; since then, however, it has become a constant factor. Just last month, the initial reaction of …
American International Group Inc. reported that it has reduced the remaining liquidation preference of preferred interests that the U.S. Department of the Treasury holds in AIA Aurora LLC to approximately $9.3 billion by applying the proceeds of approximately $2 billion …
Zurich appointed Sabrina Hart as chief operating officer for Global Corporate in North America (GCiNA). In her previous role, Hart served as head of Risk Operations within Group Risk Management where she was responsible for driving Zurich’s operational risk and …
A group of Allstate agents who say the insurer controls them like employees rather than as independent contractors voted to affiliate with a union — a move the agents hope will help dissolve some of their concerns over employment status. …
Workers’ compensation giant Liberty Mutual has developed a new predictive model that lets it more quickly identify and manage high cost workers’ compensation claims that typically make up about 20 percent of all workers’ compensation claims. The new model is …
