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INDIAN INSURERS ASKED TO REPORT PAYMENTS ABOVE US$2,139 PER YR
India's Insurance Regulatory and Development Authority (IRDA) on Friday said all commissions in excess of Rs 1 lakh (US$2,139) per annum paid by insurers will now have to be reported to the sectoral watchdog. The authority has decided that...
BRIEFING - ASIA INSURANCE - JUNE 11, 2010
An executive briefing on insurance for June 11, 2010, prepared by Asia Pulse, the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. INDIA'S ONGC EXPECTS OFFSHORE ASSETS INSURANCE PREMIUM TO...
Geopolitical tension hits banks' foreign borrowing in May
South Korean banks' mid- to long-term overseas borrowing plunged in May as rising tension with North Korea pushed up funding costs, the nation's financial watchdog said Wednesday. Twelve local banks raised a total of US$520 million in forei...
US suspension of offshore activities could cause energy supply shortage
The US has suspended offshore oil and gas exploration and production following the oil spill in the Gulf of Mexico. While the decision will please environmentalists, it will threaten the country's recovery from recession given the probabili...
Tyson Foods and U.S. Government Agree On Wage and Hour Plan
Tyson Foods, Inc. (NYSE:TSN) and the U.S. Department of Labor (DOL) have reached an agreement that could serve as a model for the way some workers in the poultry industry are paid. Tyson and the government today filed a joint motion in fede...
HK Typhoons Heat on ABC H-shares
The Agricultural Bank of China (ABC), which is brewing a dual-listing on both the A-share market and the Hong Kong stock exchange presently, initially planned to list on the Hong Kong bourse on July 16, 2010, people access to the lender's I...
The Coastal Bank selects T8 Webware
The Coastal Bank has selected T8 Webware, a provider of web development, management and hosting services, to facilitate and revitalize the web browsing experience for its customers. The company said that with its existing website, The Coast...
Davis Votes to Create American Jobs, Cut Taxes for Working Families and Small Businesses
Washington, D.C. -- U.S. Rep. Lincoln Davis today voted for the American Jobs and Closing Tax Loopholes Act, legislation aimed to help create badly needed jobs and cut taxes for Tennessee's hard working families and small business owners. A...
New "terrorism insurance" package launched for Thai businesses
Thai Reinsurance, the country's leading reinsurer, is preparing to launch a repackaged terrorism insurance policy for local businesses. The new package to be launched next week, possibly called a political violence insurance policy, would p...
Finance Ministry releases more than RS 100m grant for PIMS
Finance Ministry has released more than 100 million rupees to Pakistan Institute of Medical Sciences for buying new medical equipment. With the release of said grant PIMS would buy modern equipment for ENT, OPD unit, urology dept, radiology...
Business news releases for May 25, 2010
A summary of news releases for May 25, 2010, compiled by Business Wire, the global leader in news distribution. To view any of these news releases on Business Wire's website, please go to www.businesswire.com. 1) Category Code: Telecommunic...
Advantage Title Unveils Title365 Real Estate iPhone App
Advantage Title, a provider of title insurance and escrow services powered by Title365, announced the release of its Title365 Mobile app for iPhone. Available free through Apple's iPhone App Store or iTunes Store, Advantage Title said its T...
The National Security Group Reports 1Q Earnings
Results for the three months ended March 31, and 2009, based on accounting principles generally accepted in the United States of America, were reported. In a release on May 14, the Company noted details: Three Months Ended March 31 2010 200...
BRIEFING - ASIA INSURANCE - MAY 20, 2010
An executive briefing on insurance for May 20, 2010, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. PRUDENTIAL TO SELL 50% AIA CHINA...
Prudential Plans to Sell 50% of AIA China
Prudential plans to sell a 50 percent stake in AIA China after the acquisition of AIA, the Asian life insurance unit of US insurance giant AIG. The UK-based insurer on May 17 held a conference, on which it explained value of the acquisition...
First Financial Corp to pay USD0.46 P/S semi-annual dividend
19 May 2010 - US financial holding company First Financial Corp (NASDAQ:THFF) said on Tuesday it will pay a semi-annual dividend of USD0.46 (EUR0.38) per share. The declared dividend hikes the 2010 shareholder distribution to USD0.91, or 1....
Twin cities' drivers and conductors to revive their association
The Public Transport Staff comprised on drivers and conductors of transport of twin cities have announced to revive Umeed Driver Conductor Public Transport Welfare Association and started membership and collecting data of all Public Transpo...
Businessmen urged to assist thalassemic children
Member Managing Committee of Karachi Chamber of Commerce and Industry (KCCI) and chairman KCCI committee on banking, insurance and corporate responsibility Attiq-ur-Rehman has said 6000 children are being born with Thalassemia every year in...
Axa talks to Australian competition regulator on NAB decision
Australian listed AXA ASIA PACIFIC HOLDINGS LTD (AXA APH) (ASX:AXA) chairman Rick Allert says the wealth manager and insurer has held discussions with the Australian competition regulator following the decision to block NATIONAL AUSTRALIA B...
ECIM to use Emcredit's credit reporting services
Export Credit Insurance Company of the Emirates or ECIE has signed a memorandum of agreement with Dubai's official credit information agency Emcredit to use its reporting services for ECIE credit insurance services. The memorandum of unders...
SINGAPORE NEWSPAPER HIGHLIGHTS - MAY 11, 2010
Highlights of today's newspapers: THE BUSINESS TIMES: - Capitaland continues to expand its Raffles City footprint in China. It yesterday announced plans for building a mixed development under this franchise in the southern Chinese city of S...
SRI LANKA AVIVA UNIT POSTS US$703,760 LOSS IN MARCH 2010 QUARTER
Sri Lanka's Aviva NDB Insurance made an 80 million rupee (US$703,760) loss in March 2010 quarter from a year ago, as wage and sales costs rose and it faced higher claims, accounts filed at the stock exchange showed. Aviva NDB Insurance made...
Insurance Australia shareholders taregeted by unsolicited offers
INSURANCE AUSTRALIA GROUP LTD (ASX:IAG) is warning investors to prepare for unsolicited, undervalued offers for their shares. In a statement on Tuesday, IAG said a company trading as HASSLE FREE SHARE SALES PTY LTD has been contacting holde...
HCC Insurance Q1 net earnings down
HCC Insurance has reported net earnings of $71.35 million, or $0.62 per share, for the first quarter ended March 31, 2010, compared to $83.17 million, or $0.73 per share, for the same quarter of 2009. Total revenues for the first quarter of...
PRESIDENT ASKS JAMSOSTEK TO INCREASE ASSISTANCE TO WORKERS
President Susilo Bambang Yudhoyono on Saturday asked state-owned workers insurance company PT Jamsostek to increase its assistance to workers, saying the aid would also help the development of the business world. I hope that Jamsostek can c...
Gov. Report Confirms Increased Health Care Costs and Dropped Coverage
(West Columbia, SC) - Congressman Joe Wilson (SC-02) today released the following statement after the Centers for Medicare and Medicaid Services (CMS) released a report highlighting the fact that the government health care takeover will inc...
Investors Bid Up Shares of Hartford Financial Services, Up 2.1% (HIG)
Hartford Financial Services (NYSE:HIG) is one of today's best performing stocks, up 2.1% to $30.17. The SP is currently trading fractionally higher to 1,219 and the Dow Jones Industrial Average is trading 0.4% higher to 11,252. Hartford Fin...
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AIG Confirms Loss of Directors at Banque AIG
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Divided Democrats Put Obama In Health Care Bind
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Why Does This Doctor Want to Be a Lawyer?
S In December, the same month he turns 44, Levine will graduate from Stetson
Washington State Enacts STOLI Bill With Mandatory
Washington Gov. Christine Gregoire signed a life settlement bill that includes
Sun Alliance Expects to Make Profit in 2010
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Sens.Dodd,Corker Try to Bring New Life to Financial
Sen. Chris Dodd, the chief author of the Senate's financial system reform
Six in ten say Turn off family medical care because of
Copyright: Unknown Source: PR Newswire US Wordcount: PUBLIC CONTINUES TO
Rising unemployment forces in Florida, 21 other states
Rising unemployment has now forced 22 states, including Florida, to borrow
Hanover Insurance launches new management liability
US-based The Hanover Insurance Group has launched a new nonprofit management
Geithner seeks new powers over financial corporations
Copyright: The Associated Press. All rights reserved. This material May not be
Mitsui Sumitomo To Offer Coverage Against Cloud Risk
Mitsui Sumitomo Insurance Co. is offering companies protection against computer
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