Unitrin Inc. is counting on added success as it takes on a new name — the well-known and legendary Kemper name — for the future of the company. Effective Aug. 25, Unitrin Inc. will officially become Kemper Corp. and Don …
A legendary insurance company name is back in the headlines after a nearly 10 year hiatus. Unitrin Inc. has taken the Kemper name, and effective Aug. 25 Unitrin will officially operate as Kemper Corp. with trading on the New York …
Standard & Poor’s Ratings Services lowered its long-term sovereign credit rating on the United States of America to ‘AA+’ and assigned a negative outlook on Aug. 5, and as a result the rating agency also took action on 10 U.S.-based …
Bank holding companies (BHC) set a new record, marking the highest quarterly results ever recorded for first-quarter insurance brokerage income. BHCs posted $3.98 billion in insurance brokerage income in the first quarter 2011, up 19.8 percent from $3.32 billion in …
After more than 42 years as a leader in the insurance industry, John J. “Jack” Hannigan, executive vice president of independent agency operations for Farmers Insurance Group has decided to retire at the end of the year. In 1983, Hannigan …
Hank Watkins, president of Lloyd’s America Inc., smiles like he has a big secret he wants to spill. The history of Lloyd’s of London is no secret: originated in Edward Lloyd’s coffee shop in London; underwriter of exotic risks including …
Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be utilized to evaluate the adequacy and accuracy of prior period estimates …
Some 9,000 Florida homeowners will have to seek coverage elsewhere after Argus Fire & Casualty Insurance agreed to cancel its policyholders after being taken over by the state. Argus Fire, a wholly-owned subsidiary of the Miami-based United Automobile Insurance Company, …
Liberty Mutual Group’s Edmund F. Kelly, 65, will retire from active management of the company on June 28. David H. Long, 50, will replace Kelly and will become president and CEO effective June 29, 2011. Kelly will continue to serve …
A public rate hearing on a proposed increase in North Carolina’s dwelling fire and extended coverage policies has been delayed until July 25. North Carolina Insurance Commissioner Wayne Goodwin announced the change saying that the North Carolina Rate Bureau (NCRB) …
