Feb 05, 2012 11:00PM

Product liability claims rise with new laws

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 ...

Feb 04, 2012 11:00PM

Broker acquisitions pick up as economy improves

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 ...

Feb 04, 2012 11:00PM

Insurers: IT More Important than Ever

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 ...

Feb 01, 2012 11:00PM

Allstate adds roof insurance to improve homeowners revenue

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 ...

Feb 01, 2012 11:00PM

Top Mobile Auto Insurers Ranked

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 ...