Citizens Financial Group is selling its considerable insurance agency businesses to Hub International Limited in a deal that includes a strategic alliance between the two for future sales and marketing. Hub will purchase three large insurance brokerages from subsidiaries of …
Vermont workers’ compensation rates are moderating for the third year in a row, Commissioner John P. Crowley of the Department of Banking, Insurance, Securities and Health Care Administration announced. Crowley approved a loss cost increase of 1.4 percent for the …
First Cardinal of Texas Ltd. announced the merger of two of its largest workers’ compensation trusts into a single entity, CompPAC Trust of Texas, effective Jan.1, 2006. The CompPAC Trust of Texas combines the membership and assets of two successful …
Travelers personal lines, a member of St. Paul Travelers, now offers hybrid-driving Americans a 10 percent discount on auto insurance. Travelers made the discount available in 27 states with plans to roll it out in most remaining states in the …
Supporters of federal legislation to create a $140 billion trust fund for victims of asbestos exposure won a critical victory earlier this month when the bill was approved to go the full Senate for debate later this session. Had that …
Over the years, many a vexed property/casualty insurance company chief executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination of these forces for erasing any net …
Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination of these forces for erasing net gain. …
Supporters of federal legislation to create a $140 billion trust fund for victims of asbestos exposure won a critical victory earlier this month when the Senate voted to bring the bill to the full Senate for debate later this session. …
Non-franchised Auto DealersNuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will supply liability and physical damage coverage not been readily …
While nobody wants to report a loss, there are several insurers that are not bothered if they don’t report a profit. They serve the nonprofit market and are themselves nonprofit organizations. One of the nonprofit insurers in the market is …
