As reported Insurance Journal,
The Insurance Australia Group reported about the insurance profit of $815 million for the half-year period. In comparisong with the first half of 2012 when the profit was only $276 million the last numbers are rather high. The Managing Director Mike Wilkins, for example, thinks that such positive changes were achieved thanks to reflecting of a strong business.
Some another sources suppose that the IAG success was also possible because of net natural peril claim costs, benefit from credit spreads, reserve releases, and significantly higher investment income on shareholders’ funds. The IAG's activity was also presented from the capital position. It was described as
Australia Direct still stays the main IAG’s business. The CEO Mike Wilkins find it possible to wait for the Group’s strong GWP growth in 2013.
As Insurance Journal reported,
The Missouri Department of Insurance can be proud of its investigator Dennis Fitzpatrick. He has unraveled the case against St. Louis insurance agent Wendi Glass. It was found out that Glass could have collected homeowners and auto insurance premiums from consumers. He had never transfered the money to an insurance company. D. Fitzpatrick has got a reward for his activity.