News
Liberty Mutual Finishes Out 2014 Strong, But Catastrophe Losses Grow
Liberty Mutual Holding Company finished out 2014 with gains in net written premium, net income and an improved combined ratio. But catastrophe losses jumped substantially due to costs from a number ...
Sandy Victims Reach First Set of FEMA Flood Insurance Deals
Federal disaster assistance officials have begun reaching settlements with more than 1,000 Hurricane Sandy victims who allege they were unfairly denied flood insurance claims or were compensated too ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
State Farm’s 2014 Underwriting Loss Partly Countered By Investment Gains
State Farm reported an underwriting loss in 2014, though investment and other income still helped leave it with an operating profit. The insurer's combined property/casualty underwriting loss landed ...
New England Mega-Storm Claims Are Risky For Regional Insurers: A.M. Best
As New England confronts record snowfall and the risks that come with it, an open question remains whether property/casualty insurance carriers who do the bulk of their business in the region can ...
Greenberg Says Starr Well-Positioned to Leverage Opportunities in Cuba
Starr Companies is "well-positioned" to help clients take advantage of opportunities made available by recent U.S. regulations easing restrictions on travel to Cuba, according to Starr International ...
Expect U.S. Crop Insurance Floor Prices to Drop in 2015
Crop insurance price guarantees for U.S. corn, soybeans and spring wheat in 2015 will fall 10 percent or more based on futures settlement prices for February, grain analysts said on Friday. The U.S. ...
Amlin and Hiscox Assert They’re Big Enough to Stay Independent
Lloyd's of London insurers Amlin Plc and Hiscox Ltd. both said they have enough scale to stay independent and see no need to find a buyer amid a flurry of deals in the industry. Both insurers ...
The Big Tease: Buffett Remains Mum About His Chosen Successor
Warren Buffett didn't spill the beans about his already-chosen successor in his latest annual letter to Berkshire Hathaway shareholders. Long-time vice-chairman Charlie Munger fueled continued ...