Property-Casualty Insurance News
Geico is expanding its hiring efforts in order to fill more than 100 net new positions in its Virginia Beach, Va., office by the end of 2014.
The company said strong … Read →
A.M. Best has placed under review with negative implications the ratings of American Service Insurance Co., American Country Insurance Co. and Gateway Insurance Co., subsidiaries of Atlas Financial Holdings, following disclosure of an agreement under which Atlas will acquire Global Liberty Insurance Company of New York for approximately $25 million.
A.M. Best has placed under review with negative implications the ratings of Global Liberty Insurance Company of New York following the recent announcement that Atlas Financial will buy Global for $25 million.
Travelers Cos. said its operating profit edged up 1.1% in the third quarter, easily topping expectations, amid an unusually quiet U.S. hurricane season so far this year and strong investment … Read →
A new report ranks the nation’s 330 largest insurance companies on what they are saying and doing to respond to climate risks, finding strong leadership among fewer than a dozen companies but generally poor responses among the vast majority.
As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and other businesses … Read →
Thomas F. Mulligan, president and CEO of Franklin Lakes, N.J.-based Western World Insurance Group, will retire from the firm following its acquisition by Validus Holdings.
First Commonwealth Insurance Agency acquired Thompson/McLay Insurance Associates in Indiana, Pa.
Lawley Insurance added to its New York City region footprint by acquiring S. Turteltaub Sons of Bayonne, N.J.
Although insurance companies are generally confident in their existing risk management and control processes, some firms still have work to do as they prepare to file a new regulatory requirement for the U.S. insurance industry.