Property-Casualty Insurance News
A non-insurance subsidiary of Markel Corp. acquired a majority interest in a manufacturer of wood for truck assembly that continues its plan to invest in and help grow businesses in niche markets.
Hartford Financial Services Group struck a deal with Forethought Financial Group, a privately held financial services company, to sell its its individual annuity operations.
PIA, Realtors, FEMA push long-term NFIP extension as deadline nears
An insurance group, a national public safety organization and a federal government agency disagree on what action the government should take as the National Flood Insurance Program’s expiration looms May 31.
A Pennsylvania-based insurance education foundation is pursuing a formal affiliation with another insurance educational organization that works outside the industry.
Insurers see some earnings blown away by 2011 tornado season
Net losses from catastrophes last year hurt property-casualty insurers’ earnings last year, but they still remained profitable, according to a new analysis.
Insurance premium taxes help fiscal 2011 state collections rise
Increased revenue from premium taxes paid by insurance companies helped boost overall state government tax collections in fiscal 2011.
Kemper Corp., a Chicago, Ill.-based personal and commercial auto insurance provider, is changing the name of its Unitrin Specialty business to Kemper Specialty.
Brown & Brown acquired Moten Associates, a Norristown, Pa., insurance agency, for an undisclosed amount, according to the company.
Pennsylvania imposes conditions on Harleysville, Nationwide merger
The Pennsylvania Insurance Department approved the merger of Harleysville Mutual and Nationwide Mutual insurance companies with conditions designed to protect the Harleysville brand and its Pennsylvania operations for several years.
A bill passed unanimously in Florida’s House and Senate is attracting attention for potentially ruining the state’s eligibility for the National Flood Insurance Program (NFIP), although state officials say there’s no reason to worry.

Federal health reform would add 10,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase

Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year

Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension


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