Personal Lines
Allstate Rolls Out Super-Fast, Same-day Claims Payment System
Allstate is launching a new electronic system capable of making same-day claims payments to a customer's bank account – a process enabled by an email address or cell phone. Allstate dubbed the new ...
The Hartford’s Renewed Focus on Property/Casualty is Paying Off
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property-casualty coverage, said fourth-quarter profit rose 22 percent as sales climbed at its main unit and ...
Nationwide’s ‘Dead Boy’ Super Bowl Ad Stirs Controversy
Nationwide Insurance defended its Super Bowl ad featuring a "dead" boy, saying on Monday that it was intended to start a conversation about preventable accidents, not sell insurance. The ad, labeled ...
Enstar Closes $218M Buy of South Carolina P/C Outfit
Bermuda-based Enstar Group Ltd. has completed its $218 million acquisition of Companion Property and Casualty Insurance Company from Blue Cross Blue Shield of South Carolina. A bank loan facility ...
Chicago Winter Storm Stalls Air Traffic and Advances to the Northeast
A winter storm shutting down air traffic in Chicago and threatening the city with blizzard conditions will drop snow on the eastern U.S., including New York, during the Monday morning commute. Winds ...
Ohio Mutual Insurance’s Long-Time CEO is Retiring
Ohio Mutual Insurance Group is on the hunt for a new leader, a process set in motion by the announcement that its long-time president and CEO plans to retire by the end of 2015. Jim Kennedy has been ...
Chubb’s Combined Ratio Improves, But Q4 Profit Dips
Chubb Corp., the insurer of high-end homes and mega-yachts, said fourth-quarter profit fell 1.9 percent as investment income declined. Net income dropped to $558 million, or $2.35 a share, from $569 ...
The Hanover’s Diversification Earns a Standard & Poor’s Ratings Upgrade
The Hanover Insurance Group got a ratings upgrade from Standard & Poor's, which cited continued strategies at the Massachusetts-based insurer designed to reduce risk and improve its bottom line. ...