Policy adminstration

The sale would be at a “substantial discount” to the unit’s book value of 2.4 billion pounds ($3.8 billion) at the end of June, Chief Financial Officer Pat Regan told reporters on a conference call today as the company posted a 5 percent decline in nine-month sales. The division, the third-biggest fixed annuity provider in the U.S., may fetch more than $1 billion, people with knowledge of the matter said in September.

The rise of Big Data means demand for new analytical and IT skills. Are insurers ready to compete with other industries for this talent?

According to a new report from Novarica, insurers are investing with customer retention and reducing expenses as their primary goals.

Company adds commercial products to its online portal for brokers.

Insurer purchases iGO to power the sales process in its preneed and final expense markets.

NAMIC’s Jimi Grande says P&C insurers should expect more decisive action surrounding the Federal Insurance Office and Terrorism Risk Insurance Act over the next four years.

International insurer reportedly plans to sell foreign units in Hong Kong, Thailand, Malaysia and China as well.

Reluctant insurers must press forward accordingly as they now have nine days to advise the federal government how they plan to manage state-run exchanges.

Ensuring a high renewal rate is seen as top priority in preparing for the long-sought hardened market.

The United Educators Insurance president and CEO receives the award for her commitment to education and support of the missions of The Griffith Foundation and the Property Casualty Insurers Association of America.

Moratorium established ahead of second storm expected to hit New York on Wednesday.

Rockbridge expected to add about $20 million of premium per year to RLI’s business.

Acquisition is the 23rd the insurance broker has made since November 2009.

U.S. adds 6,600 IT jobs; August report revised with better numbers as well.

AIG, Berkshire Hathaway and 6 others released their third-quarter results.

Varied estimates shouldn’t pose much of a threat to reinsurers who have enjoyed a relatively catastrophe-free 2012 thus far.

With life insurance ownership at an all-time low, a top-tier insurer gets creative in an attempt to meet customer desires.

Young drivers see particularly sharp cuts as prices take the biggest hit in more than 5 years.

LATITUDE is designed to focus on the Defense Base Act and related coverage for smaller contractors.

The property/casualty industry has historically been regulated at the state level, but insurers have a lot on the line in the Presidential election next week.