United States News

Top 25 Workers’ Compensation Insurers Show 34% Increase in Premium Growth

Results Based on Premium Growth June 30, 2010, Versus June 30, 2009 Approximately one year ago, I discussed the premium growth reported by insurers with the top 25 gains in workers’ compensation insurance premium volume. As I wrote that article, …

Dog Bite Claims Top $400 Million in 2009; Rise 30% in Last 6 Years

Dog bite claims cost the insurance industry $412 million in 2009, an increase of 6.4 percent from 2008. Dog bites account for more than one-third of all homeowners insurance liability claims paid out in 2009, says the Insurance Information Institute …

A Year in Social Networking

5 Lessons for Insurance Brand Decision-Makers Since its inception just a few years ago, social networking has provided both hype and hope for businesspeople. Social networking practitioners in the insurance industry have demonstrated over the past year how to deliver …

Arthur J. Gallagher Acquires Old Greenwich Consulting Group

Insurance broker Arthur J. Gallagher & Co. has acquired New York-based Old Greenwich Consulting Group for an undisclosed sum. Old Greenwich offers employee benefit consulting and brokerage services, including life insurance and group benefits, for middle-market clients in the eastern …

FEMA, East Coast States Ready for Earl

As Hurricane Earl prepares to approach North Carolina tonight, the Federal Emergency Management Agency (FEMA) says it is preparing for the storm and supporting state and local officials along the East Coast as they work to protect their communities. FEMA …

U.S. P/C Reinsurers’ Premiums Decrease $12.8B in First Half of 2010

A group of 19 U.S.-based property/casualty reinsurers wrote $12.3 billion of net premiums during the six-months ended June 30, 2010, a decrease from the $12.8 billion net premiums written in the first six months of 2009. According to a survey …

Hurricane Earl Weakens Slightly; Churns Toward East Coast

Visitors and some residents evacuated from low-lying vacation islands off the North Carolina coast Wednesday as Hurricane Earl bore down on the U.S. eastern seaboard, churning up dangerous swells. Earl, still a major Category 3 hurricane, weakened slightly overnight but …

Reinsurers Under Pressure from Low Premiums, Catastrophes: Fitch

The reinsurance sector is vulnerable to a significant insured loss from the Atlantic storm season as their reserve capital has been used to offset low premiums, Fitch Ratings said, as Hurricane Earl threatens to hit land. As Earl lingers as …

Someone Moved Your Cheese. Now What?

2010 Entrepreneurial Insurance Symposium On September 14 and 15 MarketScout will host over 400 industry leaders in Dallas, Texas at the fourth annual Entrepreneurial Insurance Symposium. To maintain market share, underwriters, retail agents and intermediaries must adapt. Those who understand …

UN Climate Panel Urged to Reform, Stick to Science

The U.N. climate panel should only make predictions when it has solid scientific evidence and avoid straying into policy advocacy, a group of national science academies said in a report Monday. The U.N. Intergovernmental Panel on Climate Change (IPCC) was …