IFAwebnews » ISO

P-C insurers’ net income, policyholders’ surplus show increases

IFAwebnews Staff — Mon, 25 Apr 2011 11:58:52 +0000

Private U.S. property-casualty insurers saw their net income, after taxes, rise to $34.7 billion last year, an increase from the $28.7 billion from the prior year.

P-C insurers’ net income, policyholders’ surplus show increases via IFAwebnews.

Insurance groups team up to streamline fraud claims reporting

Keith L. Martin — Wed, 21 Apr 2010 13:12:19 +0000

In an effort to streamline the process of reporting possible fraud in a filed claim while also saving state insurance departments time and money, three national insurance groups are pooling resources.

Insurance groups team up to streamline fraud claims reporting via IFAwebnews.

GUARD adds BOP coverage in Maryland

IFAwebnews Staff — Thu, 04 Feb 2010 13:39:14 +0000

GUARD Insurance Group has begun offering Businessowner's Policy (BOP) coverage in Maryland, a complement to its traditional specialty workers’ compensation insurance for small- to medium-sized accounts.

GUARD adds BOP coverage in Maryland via IFAwebnews.

Partial rebound seen for property-casualty insurers in 2009

IFAwebnews Staff — Tue, 05 Jan 2010 13:45:32 +0000

Private U.S. property-casualty insurers saw a partial rebound in their net income after taxes for the first nine months of last year when compared to 2008, but still lagged when compared with 2007.

Partial rebound seen for property-casualty insurers in 2009 via IFAwebnews.

Fraud reports rising in Maryland as recession continues, IT use expands

Keith L. Martin — Mon, 02 Nov 2009 12:00:12 +0000

The current recession and the increased use of technology have resulted in the Maryland Insurance Administration receiving nearly double the referrals of fraudulent activity this year versus 2008.

Fraud reports rising in Maryland as recession continues, IT use expands via IFAwebnews.

GUARD adds businessowner’s policy in New York

Derek Mearns — Wed, 28 Oct 2009 11:37:12 +0000

Guard Insurance Group is now offering its Businessowner’s Policy coverage, with additional Commercial Excess Liability policy access, in New York.

GUARD adds businessowner’s policy in New York via IFAwebnews.

P-C insurers see 59% drop in income for first half of year

Keith L. Martin — Wed, 30 Sep 2009 10:35:15 +0000

In light of a drop in income and overall profitability for the first half of the year, the property-casualty industry remains “profitable,” according to a national trade organization.

P-C insurers see 59% drop in income for first half of year via IFAwebnews.

First quarter was worst on record for property-casualty insurers

Bob Graham — Tue, 30 Jun 2009 10:55:14 +0000

The first quarter, with huge investment losses and a worsening recession, was the worst on record for private U.S. property-casualty insurers since quarterly results began to be compiled in 1986, ... Read →

First quarter was worst on record for property-casualty insurers via IFAwebnews.