| 1. | How Insurance Distribution Is Changing
Jan 26, 2012 -- Insurance distribution is changing and agents and brokers—retailers and wholesalers—have to define the value they offer and what type of relationships they will have with carriers and customers in the years ahead, according to a leading ... |
| 2. | Workers’ Compensation Turn a Profit? Fahgettaboudit!
Jan 23, 2012 -- Workers' compensation carriers with visions of profits over the next few years are dreaming. It ain't goin' to happen, according to insurance analysts at Standard & Poors Ratings Services. "All signs are pointing to more unprofitable ... |
| 3. | Nationwide Calls Harleysville Deal ‘Fair and Compelling’
Jan 25, 2012 -- Nationwide is brushing off Liberty Mutual's allegation that Nationwide's pending acquisition of Harleysville Mutual would unfairly benefit subsidiary Harleysville Group's stock shareholders at the expense of Harleysville Mutual policyholders. In ... |
| 4. | Former Red Sox Catcher Wins Claim Against Merrill
Jan 23, 2012 -- Former Red Sox catcher Doug Mirabelli has earned another victory, this time off the field. An arbitration panel ruled on Jan. 13 that Merrill Lynch must repay Mirabelli more than $1.2 million in damages and fees for providing inappropriate ... |
| 5. | Court Upholds Travelers vs. Reinsurers in Big Asbestos Award
Jan 25, 2012 -- A New York appellate court affirmed a $420.4 million ruling in favor of insurer The Travelers Companies, handing it a victory in one of the longest-running and most complex asbestos-related litigations in history. The dispute has to do with the ... |
| 6. | Travelers CEO: Business Insurance Renewal Price Up 10% in December
Jan 25, 2012 -- Travelers Companies Inc.'s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the company earnings call held yesterday. ... |
| 7. | Travelers: Q4 Profit Down But Pricing Rebounds Sharply
Jan 24, 2012 -- Travelers Companies Inc. reported a smaller profit for the fourth quarter, as it released less money from its reserves than a year earlier, though it also reported its biggest rate increases in eight years as the industry returned to pricing power. ... |
| 8. | Murderer, Fake FBI Agent, Amateur Arsonist Enter Insurance Fraud Hall of Shame
Jan 17, 2012 -- A cash-strapped businessman torches his home then massacres five people to keep witnesses from testifying. A cop shoots himself to steal workers' comp money. Two scammers stuff a coffin with a mannequin and cow parts to invent a dead person for a ... |
| 9. | Conning: P/C Premiums to Grow 3-4% in 2012
Jan 23, 2012 -- Property/casualty insurers are facing a difficult environment in 2012, according to a forecast from analysts at a Hartford insurance consulting firm. The difficult environment will include volatility in the economy, the underwriting cycle, and ... |
| 10. | Study: Major Earthquake Could Hit Tokyo Within Years
Jan 25, 2012 -- A new study is warning that the Tokyo region has a 70 percent chance of being hit directly by a powerful magnitude-7 earthquake within four years. The study by University of Tokyo seismologists bases the estimate on an increase in earthquake ... |
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