Property-Casualty Insurance News
Private U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability climbing to 10.3%, its highest level since 2007.
AssuredPartners Inc. has acquired CBS Coverage Group Inc., headquartered in Plainview, N.Y., through its subsidiary Assured SKCG Inc.
Aon Plc is being sued by the Port Authority of New York and New Jersey for allegedly keeping unauthorized commissions and failing to return premium overpayments.
Insurance-fraud prosecutions in Maryland just became easier thanks to a bill clarifying legal venues in which prosecutors can bring fraud cases, according to the Coalition Against Insurance Fraud.
USI Affinity Rental Specialties, a provider of insurance and risk management programs to the equipment rental industry, has announced a new insurance program geared specifically for the retail hardware industry.
While the U.S. celebrates the first American winner of the Boston Marathon since 1983, the insurance industry and federal legislators grapple with the issue of terrorism risk insurance that was again brought to the forefront after bombings during Boston’s signature race event last year.
Universal Property & Casualty Insurance Company (UPCIC) has received approval to begin writing homeowners insurance in Delaware.
The New York State Assembly has advanced legislation that would establish standards for hurricane windstorm deductible triggers.
Hanleigh Insurance announced a strategic alliance with Liberty Mutual Health and Accident that will enable the Woodcliff, N.J.-based Hanleigh to exclusively offer a full suite of individual disability product offerings issued by Liberty Mutual Health and Accident.
The Griffith Insurance Education Foundation has moved from Ohio to Malvern, Pa.