commercial insurance News
American Family/Main Street America Merger Finalizes on Oct. 31
Policyholder members at Madison, Wisconsin-based American Family Insurance Mutual Holding Co. have approved the company's merger with Florida's Main Street America Group Mutual Holdings Inc. More ...
Hurricane Florence and Business Interruption: Floods Delay Shipments at Port of Wilmington
The Port of Wilmington in North Carolina remains shut in the aftermath of Hurricane Florence, freezing shipments of everything from fertilizer to textiles. Florence dropped as much as 40 inches (102 ...
Alliant Acquires Firm That Advises on Commercial Real Estate Loans
Broker Alliant Insurance Services acquired Harbor Group Consulting, a national firm that handles insurance advisory services for commercial real estate loans. Neither side is disclosing financial ...
Liberty Mutual’s Net Income Continues Rebound Momentum
Liberty Mutual Holding Company Inc.'s 2018 net income has rebounded in a big way over the previous year, thanks in part to fewer natural catastrophes and the sale of a division. Net income for Q2 and ...
U.S. Workers Comp’s Stellar Run Extended Into 2017. Can It Continue?
After three banner years, the U.S. workers compensation market will facing increasing pricing pressure and an erosion in results heading into next year. That means 2019 will be closer to a break-even ...
For CNA, International Insurance Was a Blemish on an Otherwise Solid Q2
For CNA Financial Corp., the 2018 second quarter produced mostly gains: Higher net premiums written in most of its divisions, increased investment returns and still-healthy combined ratios in all but ...
Commercial Lines Propel Hartford’s Q2 Results
The Hartford reported improved results for the second quarter compared to the same quarter last year, particularly in its commercial lines and group benefits businesses. Overall net income was $582 ...
Shared Workspace Leases Increasingly Raise Liability Issues
The amount of office leasing by "coworking" firms in Manhattan is nearing 10 percent of all new leases, a sign of growing demand for short-term contracts by companies seeking workspace but a warning ...