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With catastrophe damage creating insured losses across the country, property and casualty insurance carrier results suffered in the first half of 2011.
November 16 -
State Farm Insurance has put a new spin on why people living in the United States should be grateful this Thanksgiving—they are less likely to be burned or have their homes catch fire as a result of cooking a turkey.
November 16 -
Roughly two-thirds of life and annuity producers surveyed by Deloitte (http://www.deloitte.com) expect to change carriers within the next 12 months. Twenty-nine percent plan to add carriers and one-third expect to both add and drop carriers. Sales support, speed of underwriting and policy issue, and carrier brand are the top factors influencing these decisions. Forty percent are not satisfied with the support they currently receive. And, with more than 80 percent of a producer’s total compensation coming from two favored carriers, there is room for improved producer loyalty and sales through better support, said Rebecca Amoroso, vice chairman, Deloitte LLP and insurance leader.
November 16 -
A group of 13 U.S. Senators are questioning a provision of the Flood Insurance Reform and Modernization Act of 2011 that would require homeowners and businesses to purchase coverage from the National Flood Insurance Program (NFIP).
November 16 -
A number of insurers have released financial results for Q3 2011. The following is a compilation of their announcements:
November 16 -
In its second setback in less than a week, BP Plc learned this morning that it is not entitled to insurance claims reimbursement from Transocean’s insurance carriers as a result of the 2010 Gulf of Mexico oil spill.
November 16 -
Business necessity or perceived lack thereof holds back many modernization efforts.
November 15
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Unabashed consumer desire and expectations are spurring the implementation of voice recognition into automobiles, yet questions regarding the technology's effectiveness and driver safety abound.
November 15
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Prolonged low-rate environment presents both short- and long-term challenges for life insurers, a new report says.
November 15 -
Balancing innovation and cost leadership, agility and action-oriented methodologies among topics to be covered.
November 15 -
Former founders of Axiom Re selected to head the new brokerage operation in North Carolina.
November 15 -
Regardless of whether the IT industry's glass ceiling has been broken, entrepreneurs make for an industry of unprecedented opportunity for women.
November 14
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Growth of spending on risk management tools projected to outpace the growth of overall IT spending, making it the hottest corner of the IT market.
November 14
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With a decision expected by the end of June, 2012, the case is seen as pivotal to Obamas presidential aspirations, as well as insurers.
November 14 -
New data from Keefe, Bruyette & Woods shows catastrophe losses impacting insurers bottom lines.
November 14 -
The Independent Insurance Agents and Brokers of America (IIABA) recently honored Caliper Corporation's Founder and CEO Dr. Herb Greenberg, for his role over a five-decade period in improving the performance of its state associations and member agencies. In particular, Greenberg was noted for his development of the Caliper Profile, a proprietary personality assessment.
November 14 -
After Americas Health Insurance Plans issued a statement requesting the implementation date of the Affordable Care Acts Summary of Benefits and Coverage be pushed back, health care consumers, practitioners and consumer advocates urge action.
November 14 -
Turnstile aims to expedite processing time for carriers receiving submissions from independent agents.
November 14 -
Insurers waiting for an end to the soft market will be waiting awhile.
November 14
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Acquisition of an estimated $675 million in assets to solidify Pan-American Life's presence in the in the Andean, Central American and Caribbean regions.
November 14