Property-Casualty Insurance News
In a move it says “dramatically accelerates its national growth,” Marsh & McClennan Agency has acquired Roanoke, Va.-based Thomas Rutherfoord Inc., one of the nation’s largest independently owned firms.
Life and property-casualty insurers have recovered greatly from the ground it lost in the recession, according to a new analysis.
Two property-casualty insurers, who recently stopped writing business in Virginia, had their certificates to operate in Arkansas suspended by regulators, citing their negative surplus balance.
Starr Indemnity & Liability Co. and Chubb & Son have entered into an underwriting agreement for workers’ compensation coverage for construction, energy and environmental customers.
NAIC producer registry hits 100 millionth transaction milestone
A national insurance producer registry, operated by an organization of state insurance commissioners, has processed its 100 millionth licensing transaction.
Property-casualty firms will respond to ‘threshold of pain’ with price hikes
Property-casualty insurers will need to raise rates as their combined ratios approach 110, according to the chairman and chief executive of CNA.
Congress to weigh risk retention groups selling commercial policies
Legislation has been introduced to permit risk retention groups to write commercial property coverage, expanding their role from the selling of liability insurance only.
Fla. official calls for financial check-up on state property insurers
Florida’s chief financial officer is calling for a report on the financial health of the state’s property insurers heading into hurricane season.
CEOs blame industry’s poor public image for recruitment woes
The insurance industry suffers from a poor public image, according to several property-casualty insurance executives, and that image problem is crippling its efforts to attract young workers.
Forecasts for agents’ demise exaggerated, faulty, III says
Previous talk about the extinction of the insurance agent should be put aside, an industry expert said, noting the resilience and adaptability of producers in response to new technology.
Highmark sues Pennsylvania regulators over ‘unlawful’ Blues’ review
Republicans attack ‘scheme and deem’ approach to health reform
Sebelius says pivotal health reform vote ‘only days away’
Life, property-casualty insurers hit highs, lows in last year
MetLife to pay $1.5 billion in dividends though life insurance unit
Workers want guaranteed lifetime income in retirement, study finds
Marsh acquires Virginia-based Rutherfoord to expand national presence
Life, property-casualty insurers hit highs, lows in last year
Arkansas regulator suspends two N.Y.-based insurers over surpluses


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