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Small Business Underinsurance Hits New High Despite Revenue Growth

Knowledge gaps and timing misconceptions leave U.S. business owners vulnerable as 77% lack adequate coverage, Hiscox survey shows. ...

Reader feedback overwhelming – Business Insurance

Every aspect of our 100 Leading Women project has exceeded my most optimistic expectations. As I said last week in my note accompanying our special report, I was overwhelmed by the number of women who were eminently qualified to be included in our issue...

Munich Re’s third-quarter profit improves

Munich Re reported a net result of €2 billion ($2.3 billion) for the third quarter, more than double its result for the same period last year, which was hit by heavy natural catastrophe losses. But group insurance revenue for the quarter was down 6.1%...

Alliant buys Texas brokerage – Business Insurance

Alliant Insurance Services announced Tuesday that it has acquired Highpoint Insurance Group, a Friendswood, Texas-based brokerage. Terms were not disclosed. Highpoint specializes in providing insurance coverage for mid-sized businesses, including in the energy and construction sectors, and has 44 employees in the greater Houston area,...

Davies to acquire SCM – Business Insurance

Davies said Monday it agreed to acquire SCM Insurance Services, a claims processing and risk solutions company based in Toronto. Terms of the transaction were not disclosed. Davies will acquire SCM’s three operating businesses: ClaimsPro, a claims adjusting company; IPG, a third-party claims administrator; and...