Insurance News & Info

Manufacturers in the consumer products and food industries are facing increased liability claims and product recalls as a result of new laws and growing consumer awareness of safety and quality. Product liability insurance, a greater focus on quality control, and contract negotiations that transfer risk to suppliers are all ... […]

Merger and acquisition activity among insurance agents and brokers regained momentum in 2011 with 285 announced transactions. That is nearly identical to the 290 announced agent-broker M&As in 2008 and an increase of approximately 100 compared with 2009 and 2010 . The perfect storm of events—the collapse of ... […]

Insurers plan to invest in IT in the coming years and that spend will be on core systems, according to a new report from research and consulting firm Strategy Meets Action (SMA). The report, “Insurance Ecosystem: Positioning for Growth”—based on SMA’s analysts’ considerations, opinions and insights—indicates that the increase is ... […]

InsuranceHeadlines Breaking News/Chicago - Allstate Corp., trying to improve profits in its homeowners' insurance business, will launch a new product called House & Home that will deal with losses caused by poorly maintained roofing, its chief executive said Thursday.   The Northbrook-based insurer, whose stock whose stock closed ... […]

On the heels of 2011 consumer research that cited mobile as a new, impactful hub of consumers for insurers, a new study from Key Lime Interactive (KLI) revealed State Farm to have the best website among mobile insurers. USAA was cited as having the best mobile application. The mobile ... […]