Schaumburg, Ill.-based Great American Insurance Group’s Executive Liability Division, now offers binding functionality in addition to online quoting for nonprofit organizations on its ExecProQuote.com Web site. ExecProQuote.com features paperless account management, enhanced commission, and for most nonprofit submissions requires just …
Bermuda-based XL Capital posted a $1.43 billion fourth-quarter net loss Tuesday, and said it will cut its dividend and slash 10 percent of its staff. The quarterly loss was due to soured investments, hedge fund losses, and a charge to …
Marsh & McLennan Companies Inc. reported profits were up 4 percent for the full year 2008, but fourth quarter revenue was down some 9 percent over the previous year’s quarter. In the fourth quarter 2008, consolidated revenue was $2.7 billion, …
U.S. consumers are falling further behind on their debt payments even as both borrowers and lenders struggle to keep the debt burden from getting even heavier in the face of a worsening recession and employment picture, a credit bureau executive …
Twenty Alaska Natives have joined a lawsuit claiming they were abused by Jesuit priests or those supervised by Jesuits, and a lawyer said the head of the Roman Catholic order has been served with court papers naming him as a …
Gov. Jay Nixon has picked a Swiss Re insurance claims executive to lead the Missouri insurance department. John Huff, a Missouri native, has worked since July 2008 at the Zurich headquarters of Swiss Re, one of the world’s larger reinsurance …
Property and casualty insurer Kingsway Financial Services Inc. in Toronto warned on Monday that it expects to report a “material” quarterly loss and that it will try to shore up its finances by selling non-core assets and restructuring. Kingsway, which …
A recent development may have agents feeling cautiously optimistic that they will have an opportunity go after a larger slice of the mid-sized business pie as Boston-based Liberty Mutual Group shuttles direct distribution of property/casualty products to mid-sized companies in …
A Crop of Newly-Formed Agencies Is Defying the Hard Economy and Soft Market The independent insurance agency system is enjoying a resurgence. For years, the number of agencies in the country had been declining but that trend, while not reversed, …
1 in 4 About one in four Oklahoma drivers is uninsured, the fourth-worst rate in the nation, according to the Insurance Research Council, which studied data from 2007. The study found 24 percent of drivers in Oklahoma were uninsured. Only …
