Insurance News 07/2008 (Page 6)
Seats Available for Thursday's Webinar on Captive Insurance Issues by A.M. Best Analysts (Centre Daily Times)
Some seating remains for a webinar in which A.M. Best Co. analysts will lead an online discussion updating the state of the captive insurance industry and elaborating on highlights of a new A.M. Best special report on that industry. The webinar is set for this Thursday, July 31 at 10 a.m. EDT. John Andre and Steven Chirico of A.M. Best's property/casualty rating division will lead the panel. ...
(Jul 29, 2008)
Ex-govs, lt. govs could lose insurance coverage (Saipan Tribune)
The Commonwealth's former governors and lieutenant governors are on the brink of losing their insurance coverage because the central government has not remitted money to fund the special annuity program.
(Jul 29, 2008)
Study: 25% of stopped Tx. drivers lack insurance (Corpus Christi Caller-Times)
TexasSure program found 25.5 percent of drivers stopped in Travis Co. did not have insurance
(Jul 29, 2008)
Divided US Insurance Industry Pushes For Regulatory Changes (Nasdaq)
WASHINGTON -(Dow Jones)- The current U.S. regulatory system for insurance is not sustainable, various factions of the insurance industry told a U.S. Senate committee Tuesday, though they could not agree on what the ideal regime should be.
(Jul 29, 2008)
Independent Insurance Agents of Georgia Elects New President (Insurance Journal)
Independent Insurance Agents of Georgia elected Bryan Burke president of the association at its annual meeting on June 14. Burke is president of Blount, Burke, Wimberly & Hendricks Insurors in Sta
(Jul 29, 2008)
Oak Street Funding Lends $5.5 Million to Support Acquisition of Arison Insurance Services from Anthem Blue Cross Blue ... (Centre Daily Times)
Oak Street Funding, preeminent insurance lender, completed a $5.5 million transaction that supported Assurance Investment Partners' (AIP) acquisition of the Louisville-based Arison Insurance Services, a former subsidiary of Anthem Blue Cross Blue Shield of Kentucky. AIP will use Arison as its platform to create a nationally recognized agency offering a full line of insurance and benefits services.
(Jul 29, 2008)
High-tech monitors help safe drivers save on insurance (CNN.com)
TRENTON, New Jersey (AP) -- A high-tech monitoring device makes it possible to reduce insurance premiums for drivers who avoid jackrabbit starts and slam-on-the-brakes stops, an insurance company says.
(Jul 29, 2008)
Fla. spending $224 million on insurance fund (AP via Yahoo! News)
Florida will pay $224 million to Berkshire Hathaway Inc. for a guarantee that the state can borrow up to $4 billion if necessary to help cover future losses by its emergency hurricane insurance fund.
(Jul 29, 2008)
Genworth Has Loss on Mortgage Insurance, Investments (Update1) (Bloomberg.com)
July 29 (Bloomberg) -- Genworth Financial Inc. , the insurer whose market value has been halved in the past year, had its first quarterly loss since going public in 2004, driven by the U.S. mortgage-insurance unit and housing-related investments.
(Jul 30, 2008)
Fine for insurance sales 'flaws' (BBC News)
Liverpool Victoria Banking Services is fined for "serious failings" in the sale of Payment Protection Insurance.
(Jul 30, 2008)
Dodd's Banking Committee Looks Into U.S. Insurance Regulation (Hartford Courant)
Though the states have long regulated the insurance industry, Sen. Chris Dodd hosted a hearing in his Senate banking committee Tuesday exploring whether it makes sense to give some of the industry the option of federal regulation.
(Jul 30, 2008)
GNY Insurance Continues Midwest Expansion with Michigan Operation (Insurance Journal)
GNY Insurance Companies has begun writing in the state of Michigan as it continues to expand in the Midwest. GNY is a group comprised of Greater New York Mutual Insurance Co., Insurance Company of
(Jul 30, 2008)
Motorists face insurance price hikes (Channel 4)
Insurance group Admiral has warned that car insurance premiums are likely to be on the rise.
(Jul 30, 2008)
Senate Banking Committee Urged to Back Federal Insurance Regulation (Insurance Journal)
The U.S. regulatory structure for the insurance industry puts companies at a disadvantage overseas and stifles innovation and competition for consumers, the industry told U.S. lawmakers Tuesday. At
(Jul 30, 2008)
Insurance firms to merge (The Myrtle Beach Sun News)
BB&T Insurance Service is buying Puckett, Scheetz & Hogan along the Grand Strand, the company said today.
(Jul 30, 2008)
Ex-govs, lt. govs could lose insurance coverage (Saipan Tribune)
The Commonwealth's former governors and lieutenant governors are on the brink of losing their insurance coverage because the central government has not remitted money to fund the special annuity program.
(Jul 30, 2008)
Immigrant gets probation in insurance scam (The Buffalo News)
A Russian immigrant who recruited people to participate in an insurance fraud scam focused on phony automobile accidents was sentenced in federal court on Wednesday.
(Jul 31, 2008)
Your Money: Health insurance after job change (Daily Press)
Individuals who find themselves a victim of a layoff or find a new job that doesn't offer health insurance face a difficult task in deciding how to replace health insurance. The options might be more expensive than a subsidized corporate plan, but some do offer tax benefits that an employer can't.
(Jul 31, 2008)
Independent Insurance Agents of Mississippi Names New President (Insurance Journal)
The Independent Insurance Agents of Mississippi elected Angelyn Treutel of Treutel Insurance Agency in Bay St. Louis president at their 110th Annual Convention in Destin, Florida. Treutel's electio
(Jul 31, 2008)
North Dakota Insurance Commissioner Candidates Spar Over Agency Ads (Insurance Journal)
North Dakota Insurance Commissioner Adam Hamm should stop a new television and radio ad that advertises his agency's assistance programs, because they promote the Republican's election campaign, Democ
(Jul 31, 2008)
Florida, Berkshire Hathaway Strike $224 Million Deal on Insurance Fund (Insurance Journal)
Florida will pay $224 million to Berkshire Hathaway Inc. for a guarantee that the state can borrow up to $4 billion if necessary to help cover future losses by its emergency hurricane insurance fund.
(Jul 31, 2008)
High Cost of N.Y. City Construction Due to Land, Wages, Materials, Insurance (Insurance Journal)
Construction costs in New York are far higher than in other major U.S. city due to factors ranging from hefty wages, high land prices and costly insurance, according to a survey by a trade group coali
(Jul 31, 2008)
Some disabled Arizonans will lose state health insurance (ABC 15 Phoenix)
A temporary health-insurance plan for Arizonans on disability has been shut down by the state for lack of funding. The 8 million dollar program is a casualty of Arizona's fiscal woes.
(Jul 31, 2008)
Wells Fargo Adds Hale "Chip" Holden III as Sales Executive in San Francisco Insurance Office (Centre Daily Times)
Wells Fargo Insurance Services, Inc. announces the addition of Hale "Chip" Holden III as senior vice president and sales executive, based in San Francisco. A long time member of the Bay Area risk management and insurance communities, Holden will continue to work primarily with risk management customers across a wide range of industries and is recognized as a specialist in technology, public ...
(Jul 31, 2008)
OSFI release guide to intervention for life insurance companies (Investment Executive)
The Office of the Superintendent of Financial Institutions today released its latest guide to intervention for federally regulated life insurance companies, outlining the sort of regulatory attention companies can expect.
(Jul 31, 2008)
Hanover Insurance Completes Sale of Remaining Run-Off Life Business (Insurance Journal)
The Hanover Insurance Group, Inc., in Worcester, Mass., has signed an agreement to sell its remaining run-off life insurance business, First Allmerica Financial Life Insurance Co. (FAFLIC), to Commonw
(Jul 31, 2008)
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