News
Allstate Selling Lincoln Benefit Life to London Group for $600M
Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 ...
Conn. Says Insurers Must Complete Climate Risk Survey
Connecticut Insurance Commissioner Thomas Leonardi has decided that about 110 Connecticut-based insurance companies will be required to complete a survey describing what they are doing to address ...
The answer to an underwriting or claims question may already be in the file. Getting to it can mean opening...
Ward’s Top 50 Nearly 10 CR Points Better Than Industry; Four Newcomers
For more than two decades, the names GEICO, RLI Insurance Company and USAA Group have appeared on an annual list of 50 top property/casualty insurance performers, and four new names joined the ranks ...
Judge Lets U.S. Pursue $5B Fraud Lawsuit Against S&P
The U.S. government may proceed with its $5 billion lawsuit accusing Standard & Poor's of misleading investors by inflating its credit ratings, after a federal judge rejected the rating agency's ...Galvin Named President of Berkley’s Midwest Employers Casualty
W. R. Berkley Corp. said it has named Timothy F. Galvin as president of its subsidiary, Midwest Employers Casualty Co. (MECC). The appointment is effective immediately. Galvin succeeds Melodee J. ...
New York Approves Workers’ Comp Loss Cost Filing
The New York Department of Financial Services on Monday approved a 9.5 percent revised loss cost increases request from the New York Compensation Insurance Rating Board (NYCIRB) with an effective ...
NC Residual Market Prepped For Storms With $500M In Cat Bonds, HO Rate Hikes
North Carolina's two residual homeowners insurance markets have jointly issued $500 million in pre-event catastrophe bonds to ensure they have enough money on hand to quickly pay claims following ...