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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 57 min 7 sec ago

Allstate Q2 Profit Up 49%

2 hours 2 min ago

Allstate Corp. reported its second quarter profit rose 49 percent due to higher premiums and despite higher catastrophe losses. Net income rose to $645 million, up from $434 million for the same quarter last year. Property/casualty premiums were up for …

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NLRB’s McDonald’s Ruling Raising Liability Concerns for Franchise Operators

2 hours 44 min ago

Under Democratic President Barack Obama, the U.S. National Labor Relations Board has been taking a stance on workplace relations that has employers, industry groups and Republican lawmakers voicing alarm. NLRB General Counsel Richard Griffin announced on Tuesday that McDonald’s, not …

The article NLRB’s McDonald’s Ruling Raising Liability Concerns for Franchise Operators appeared first on Insurance Journal.

The Hartford Fires Executive After Comment on Herbalife

4 hours 48 min ago

Hartford Financial Services Group Inc. fired an executive after he made comments critical of Herbalife Ltd. to the media. William Kelly, who was a vice president in the directors and officers division at the Hartford, Connecticut-based insurer, was terminated last …

The article The Hartford Fires Executive After Comment on Herbalife appeared first on Insurance Journal.

House Votes to Proceed with Lawsuit Against Obama

4 hours 55 min ago

The Republican-led U.S. House of Representatives voted to sue President Barack Obama’s administration over implementation of his 2010 health-care law. With a near-party-line vote of 225-201, lawmakers endorsed Speaker John Boehner’s plan to file a lawsuit contending the president couldn’t …

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Endurance Terminates Offer to Acquire Aspen

5 hours 7 min ago

Bermuda-based Endurance Specialty Holdings Ltd. announced that it has terminated its offer to acquire Aspen Insurance Holdings Limited; adding that “in connection with the termination of its acquisition offer, Endurance will not be pursuing its board size increase and scheme …

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Generali Expects to Reach Targets Earlier as Operating Net Rises

5 hours 15 min ago

Assicurazioni Generali SpA expects to reach 2015 targets ahead of schedule and improve its dividend policy, as first-half operating profit of Italy’s biggest insurer rose to the highest in 10 years. “Our results show that we are quickly moving toward …

The article Generali Expects to Reach Targets Earlier as Operating Net Rises appeared first on Insurance Journal.

RSA Commercial Business Makes New Executive Appointments

5 hours 20 min ago

The UK’s RSA announced new appointments within its Commercial business as follows: Rob Gibbs has been appointed RSA Motability Director. In his new role, he will lead a team of over 500 to deliver exceptional service to 620,000 Motability customers. …

The article RSA Commercial Business Makes New Executive Appointments appeared first on Insurance Journal.

Aon Names Bruno as Executive VP – Enterprise Innovation and CIO

5 hours 26 min ago

Aon plc announced the appointment of John G. Bruno as Executive Vice President of Enterprise Innovation and Chief Information Officer for Aon, effective September first. He will also become a member of the Executive Committee, reporting to President and CEO …

The article Aon Names Bruno as Executive VP – Enterprise Innovation and CIO appeared first on Insurance Journal.

Insurers, Hospitals Enjoying Benefits of Obamacare

6 hours 1 min ago

Even as Obamacare continues to be attacked by foes and challenged in court, hospital chains and insurers are making more money, more patients using emergency rooms are paying for their care, and the country as a whole is enjoying slower …

The article Insurers, Hospitals Enjoying Benefits of Obamacare appeared first on Insurance Journal.

UnitedHealth’s $173M Fine May be a Warning to P/C Insurers

Thu, 07/31/2014 - 01:02

A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims settlements may be a wakeup call for not …

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IICF Names Conway Executive Director of Texas/Southeast Division

Wed, 07/30/2014 - 18:23

The Insurance Industry Charitable Foundation (IICF) has named Sarah Conway executive director of its Texas/Southeast Division, headquartered in Dallas. Conway will be responsible for leading the IICF’s charitable and philanthropic initiatives in the region, which include the local nonprofit grant …

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NYU’s Langone Medical Center to Get $1B in Sandy Aid

Wed, 07/30/2014 - 17:36

New York University’s Langone Medical Center is getting over $1 billion to repair damage from Sandy and protect against future storms. New York Sen. Charles Schumer said Tuesday that the “lump sum” has been authorized by the Federal Emergency Management …

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U.S. Senate Committee Holds Hearing on Flood Claims Process After Sandy

Wed, 07/30/2014 - 16:59

A U.S. Senate committee today conducted a hearing titled “The Flood Insurance Claims Process in Communities After Sandy: Lessons Learned and Potential Improvements,” where lawmakers had a chance to listen to the insurance industry’s lessons learned from Superstorm Sandy and …

The article U.S. Senate Committee Holds Hearing on Flood Claims Process After Sandy appeared first on Insurance Journal.

Arguing With Wife, Texas Man Drives Car Into Home

Wed, 07/30/2014 - 16:49

Police in North Texas say they’ve arrested a man who became upset with his wife and drove his car into their home, trapping the woman in the rubble. Firefighters in the Dallas suburb of Cedar Hill worked early on July …

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American Modern Promotes Alaniz, Wilson

Wed, 07/30/2014 - 16:47

Amelia, Ohio-based American Modern Insurance Group has promoted two team members to senior positions within the organization. Elvia Alaniz was named vice president of the sales west region and Sheri Wilson was appointed national account manager. Alaniz has more than …

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Combined Group Launches Admitted Drycleaner Insurance Program

Wed, 07/30/2014 - 16:41

Combined Group, a wholesaler of commercial insurance based in Dallas, has released a new exclusive insurance program available for drycleaners, drycleaner plants, drycleaner receiving stations, commercial launderers, linen suppliers, uniform rental firms, coin-operated laundromats, self-service laundromats & washaterias. Combined Group’s …

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Last Chance to Participate: Take the Market & Financial Survey Now

Wed, 07/30/2014 - 16:37

How are agencies targeting new business today? Will historical growth rates be sustainable? And just how much do agencies need to reinvest to achieve desired growth and enable perpetuation? These are some of the questions that a new industry survey …

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Safety National Casualty Corp. Opens Dallas Regional Office

Wed, 07/30/2014 - 16:34

Safety National Casualty Corp., a provider of excess workers’ compensation insurance and large casualty multi-line offerings, has opened a regional office in Dallas, Texas. The Dallas office is the sixth regional office opened by Safety National in the past five …

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U.S. Attorneys in Dakotas Turning Up Heat on Health Care Fraud

Wed, 07/30/2014 - 16:30

The top federal prosecutors from South Dakota and North Dakota say they have increased their efforts to fight health care fraud. U.S. Attorney Brendan Johnson of South Dakota said he has restructured his office to allow lawyers in the criminal …

The article U.S. Attorneys in Dakotas Turning Up Heat on Health Care Fraud appeared first on Insurance Journal.

Northern Oklahoma Hit with 4.3 Magnitude Quake

Wed, 07/30/2014 - 16:27

The U.S. Geological Survey says an earthquake with a preliminary magnitude of 4.3 struck northern Oklahoma on Monday night. The USGS reports the quake with an epicenter about 15 miles west-southwest of Medford hit around 9:45 p.m. at a depth …

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