Personal Lines
Fireman’s Fund Goes the Way of the Dodo Bird With ACE Acquisition Deal
The Fireman's Fund Insurance Co. brand is all but finished now, thanks to an end-of-year M&A deal. ACE Group disclosed on Dec. 18 that it has agreed to buy Fireman's Fund's high-net-worth ...
U.S. Vehicle Theft Rate is Plummeting: NICB
If you own a vehicle, your chances of having it stolen today are significantly less than at any other time since 1960, according to an analysis by the National Insurance Crime Bureau, which compared ...
Watch Out Allstate: Progressive Adds Home Coverage With $875M ARX Buy
Progressive Corp., the fourth-largest U.S. auto insurer, is expanding in home coverage to challenge rivals including Allstate Corp. that are better known for bundling different types of policies. ...
Lobbying Onslaught Counters TRIA Renewal Stumble
It is in the Senate's hands to extend the Terrorism Risk Insurance Act, or TRIA, a law that establishes federal reinsurance in case of a terrorist attack, but legislative disputes threaten to prevent ...
China Insurance Broker Expands Employee Share Issue
China-based insurance broker CNinsure Inc. said it is boosting a new share issue to employees. The independent insurance intermediary company said it is expanding the issue from up to 100 million to ...
Rare Twister, Mudslides in California
Californians were cleaning up Saturday from a major storm that soaked the drought-stricken state before moving east to drop rain on Arizona. Perhaps the biggest job was in Camarillo, about 50 miles ...
Novarica: Large P/C Companies Widen Lead in Advanced Technology Race
Large property/casualty insurers are widening their lead over small- and medium-sized competitors in the race to add advanced technologies into daily work, Novarica concluded in a new report. ...
State Farm Releases Vehicle Recognition App for Car Buyers
State Farm announced its latest mobile app, CarCapture, allowing car buyers instantaneously get information about cars they like as soon as they seen them. The idea is that anyone in the market for a ...