Hosted, or Saas-Based, Solutions Allow Access to Core Technologies Without Heavy IT Investment Today, it’s all about doing more with less. But how do insurance agencies increase productivity while decreasing expenses? For many agencies, technology solutions are critical. And if …
Stability on Main Street “Property/casualty insurers have not asked for government handouts, and our industry is stable and continuing to provide critical services to local economies and their communities.” —J. Douglas Robinson, CEO of Utica, N.Y.-based Utica National Insurance Group, …
The world’s reinsurers gathered in Monte Carlo over the first weekend in September for their annual conclave. This year’s meetings were calm by comparison with prior years — no hurricanes ravaging Florida, and a financial crisis that’s eased, leaving the …
Insurance companies providing medical malpractice coverage in Missouri were profitable in 2008. It was the fifth consecutive year for positive earnings in that line of insurance, according to Missouri Department of Insurance. The department said its annual report on the …
The new company will use independent agents and brokers for sales. Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with First Commercial Insurance Co., which is in …
80 The injury rate per 100-million miles traveled in the U.S. That’s down from 169 injuries per 100-million miles reported 20 years ago, according to the American Insurance Association, which credits 40 years of auto and traffic safety efforts across …
North Carolina Governor Bev Perdue has signed into law legislation to shore-up the state’s backup coastal insurer and reduce the liability of private insurers should a major catastrophe strike the state. House Bill 1305 also sets limits on the coverage …
North Carolina Insurance Commissioner Wayne Goodwin said that $6.5 million will be returned to 661 employers who formerly were members of the Phoenix Fund Inc., a self-insured workers’ compensation fund that was put into rehabilitation nearly three years ago. Phoenix …
Results Based on Insurers’ Growth June 30, 2009, versus June 30, 2008 As I write this article, the unemployment rate in the United States was reported to be 9.4 percent as of the end of July. Gross Domestic Product (GDP) …
Michigan regulatory officials have charged an insurer and its managing general agency with fraud in the selling of surplus lines insurance. But the owner says his company that is in runoff has done nothing wrong. The Office of Financial and …
