A fire at a parking lot near Comerica Park that started during a Detroit Tigers game has destroyed seven vehicles while sending dark smoke billowing into the sky. The Detroit Free Press reports that the fire started around 3:30 p.m. …
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ACE Ltd., the insurer that agreed this month to acquire Chubb Corp., said second-quarter profit rose 21 percent as policy sales climbed. Net income increased to $942 million, or $2.86 a share, from $779 million, or $2.28, a year earlier, the …
The article ACE Q2 Profit Climbs in First Earnings Report After Chubb Announcement appeared first on Insurance Journal.
The Hanover Insurance Group, Inc. has launched a new Fidelity & Crime Advantage coverage program offered within its management liability portfolio. The coverage provides businesses with an enhanced product suite to help protect their employees and companies. The Hanover’s Fidelity …
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An employee at a Florida company that offers promotional vacations has been charged with stealing reservation documents and then selling the credit card information of more than 1,855 customers to two other people, Orlando police detectives said July 20. Preferred …
The article Data of Nearly 2,000 Customers Stolen by Florida Vacation Firm Worker appeared first on Insurance Journal.
About a quarter of independent insurance agents say they work at a firm that belongs to an aggregator cluster. But very few whose agencies don’t already belong to an aggregator want their firms to join one, a fact challenging the …
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South Carolina’s Greenville Health System has settled a wrongful death lawsuit with the family of a surgical patient who died after contracting an infection. The Greenville News reported that court documents show the health care system offered $600,000 to settle …
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Rhode Island’s attorney general has released a public service announcement on the dangers of drunken driving. Peter Kilmartin says the 30-second video focuses on young drivers, who are inexperienced and often don’t consider the consequences of driving while drunk. Kilmartin …
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As Brazil’s sovereign ratings hover just above non-investment grade status, A. M. Best said it is considering the effect a future sovereign downgrade would have on rated re/insurers’ balance sheets and risk-adjusted capitalization, according to a briefing published by the …
The article Brazil Economy Challenges Re/Insurers; No Rating Impact Expected: A.M. Best appeared first on Insurance Journal.
Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit advanced 19 percent as natural disaster costs dropped. Net income climbed to $812 million, or $2.53 a share, from $683 million, or $1.95, a year …
The article Travelers Q2 Profit Up 19% on Lower Catastrophe Costs appeared first on Insurance Journal.
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings, Ltd., announced the appointment of Luis Sonville as Managing Director of Talbot’s Latin American regional offices (Talbot LATAM). He will manage Talbot’s facultative operations in Miami and Santiago, and will …
The article Talbot Appoints Sonville Managing Director, Montero Underwriting for Latin Am. appeared first on Insurance Journal.