Insurance News
A New Short-term Trading Range Below $14.62 Has Begun
Universal American (NYSE:UAM) traded in a range yesterday that spanned from a low of $14.37 to a high of $14.78. Yesterday's low of the day pierced the 3-day low of $14.62 on volume of 174,000 shares. Shares of Universal American have been...
Silanis Technology signature Adoption Hurdle in the Insurance Agent Channel
Silanis Technology today announced two new authentication features for its e-signature process management solution (http://www.silanis.com/solutions.html) that will remove the final hurdle for deploying and adopting e-signatures in the insu...
Insurers Find New Investment in Build America Bonds
There's one new bright spot for insurance industry investments: Build America Bonds. Build America Bonds were created under President Obama's economic stimulus plan to spur job growth. Unlike most municipal bonds, Build America Bonds are ta...
Lockton's Lumelleau Views Hard Market Signals as Aberration
Tracking the migration of quality executives among insurers and monitoring the quality of market capacity are among the industry challenges that Lockton President and Chief Executive John Lumelleau sees looming in perennial soft market cond...
Canadian Mining Executive Invests in Untapped Resource
$250,000 donation - compassionate capital benefiting thousands of small-business entrepreneurs A prominent Canadian mining executive has excavated a new kind of untapped resource in the developing world: human entrepreneurial potential unle...
ColeLists.com Launches Pay As You Go Pricing
Cole Lists announced it has launched Pay As You Go pricing at its ColeLists.com web site. According to Cole Lists, clients may now search for consumer and business information, preview it, and download it on-demand, without minimums, contra...
50,000 acres to be distributed among landless Haris
The Sindh government will distribute more than 50,000 acres of state land to female landless Haris. Pursuing the dreams of Zulfiqar Ali Bhutto and Mohtarma Benazir Bhutto Shaheed, more than 43,000 acres of State land has already been distri...
Heffernan Insurance Brokers Promotes Jeff Hamlin to San Francisco Branch
Heffernan Insurance Brokers, one of the largest independent brokerage firms in the United States, is pleased to announce the promotion of Jeff Hamlin to the position of San Francisco Branch Manager of the firm's property and casualty divisi...
Chicago's Unsuccessful Bid Listed $68.3 Million for Insurance
An analysis of Chicago 2016's recent unsuccessful bid for the Summer Olympic Games listed an estimated cost of $68.3 million to secure necessary insurance capacity. That estimate had increased from $44 million contained in the initial propo...
After the Fall, Regulators Ponder the Threat of Non-Insurance Activities to Insurance Groups
Since the near-collapse of financial services giants such as American International Group, ING and Fortis, insurance regulators around the world have been vexed by the question of how to supervise multinational insurers who have significant...
AUSTRALIAN INSURER QBE PAYS US$565 MLN FOR US-BASED INSURANCE CO
Australia's QBE Insurance Group Ltd (ASX:QBE) has bought a US-based insurance business for US$565 million and says the acquisition will be earnings per share accretive in year one. QBE said on Friday that it had bought NAU Country Insurance...
Insurers to Cut Holdings in Real Estate Stocks
Real estate stocks on the Mainland China stock market dropped for several consecutive days recently due to report that property tax pilot will be launched in Beijing, Shanghai, Shenzhen and Chongqing. Insurers, especially those who invested...
Garamendi Calls on Workers' Comp Insurers to Cut Rates
California Insurance Commissioner John Garamendi on Wednesday called on insurers to reduce their workers' compensation premium rates by 18 percent. Citing two years of reforms and improving profit margins for insurers, Garamendi said it was...
Two More Insurers Join in on Rate Cuts
21st Century Insurance Group, the state's fifth largest auto insurer, and Safeco Insurance Cos., the eighth largest homeowners' insurer in the state, are seeking to reduce rates for policyholders statewide, State Insurance Commissioner John...
Allianz Appoints New CEO for Malaysian Units
Allianz S.E. [085014] appointed Jens Reisch as chief executive officer of Allianz Malaysia Berhad [052364] and Allianz Life Insurance Malaysia Berhad [089124] to succeed Alexander Ankel, who is designated to take over management of the grou...
Habib Insurance declares 35 % dividend
Habib Insurance Ltd has posted a profit after tax of Rs 204.743 million for the year ending December 31, 2009 and declared a cash dividend of Rs 1.75 per share. According to financial results, despatched to Karachi Stock Exchange here Wedne...
Appeals Court Panel Nullifies Homeowners' Insurance Regulations
The state Department of Insurance is considering how to respond to an appeals court panel's decision that would nullify a portion of the Homeowners' Bill of Rights issued by Insurance Commissioner John Garamendi shortly after taking office...
China's Guangdong Railway to Establish Insurance Broker Joint Venture
The China Insurance Regulatory Commission said it will permit Guangdong Provincial Railway Construction Investment Group, Huafu (Beijing) Insurance Broker Co. and Chang Cheng Insurance Brokers to jointly set up a new insurance broker joint...
USAA: Boomers Consider Roth IRA Conversions Too Taxing
Knowledge may be power, but being educated about the 2010 changes for Roth IRA conversions isn't spurring many to take control of their finances to create tax-free income in retirement, according financial services company USAA. In a releas...
ISO's Carole J. Banfield to Be Honored as APIW 2010 Insurance Woman of the Year
The Association of Professional Insurance Women, Inc. (APIW) today announced that Carole J. Banfield has been selected as this year's recipient of the APIW Insurance Woman of the Year Award. Ms. Banfield is Executive Vice President of ISO....
Kansas Credit-Scoring Bill Would Ease Insurers' Administrative Load
The governor of Kansas is considering whether to approve a bill passed by the state legislature that would re-write some rules on the use of credit scores in evaluating insurance risk and would reduce administrative loads for property/casua...
Ritter Insurance Marketing Intros Latest Version of Its Medicare Quote Engine
Ritter Insurance Marketing announced the release of a new version of their Medicare Quote Engine. In a release, the Company noted that this will allow insurance agents to quote Modernized Medicare Supplement plans in 39 states including the...
IINC to Discuss Earthquake Insurance
Damage from April 4's temblor was reported as far away as Los Angeles - 250 miles north of the epicenter near Mexicali, Mexico, according to a release from Insurance Information Network of California. The Company said that representatives o...
Report On State Compensation Insurance Fund Released
California Insurance Commissioner Steve Poizner today released the results of a review of California's State Compensation Insurance Fund, the state's largest workers' compensation provider. Our thorough, top-down review of the State Fund re...
INSURANCE-Rising Home Prices Send 21st Century Seeking Rate Hike
Woodland Hills-based 21st Century Insurance Group has asked the state Insurance Commission to approve a 28 percent increase in its homeowner insurance rates. Doug Howell, the company's CFO, said the rate hike is needed to offset increasing...
India's Government Encourages Banks to Enter Insurance Business
Despite the strains of recent economic trends, India's public banks are being encouraged to diversify into noncore financial services areas including insurance and mutual funds, according to the Ministry of Finance. The government has no in...
Export insurer offers US$1 bln in financial aid to Saudi oil project
South Korea's state-run export insurer will offer the equivalent of US$1 billion in financial support to a Saudi Arabian oil refinery project being built by local companies. The Korea Export Insurance Corp. (KEIC) said it will give support...
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Deutsche Insurance Division Kaj as Global Strategic
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Americans Say They Don''t Have a Voice Anymore, 2 In 5
Copyright 2009 Marketwire, Inc.All Rights Reserved Marketwire April 23, 2009
Merck sued over patent on allergy drug Singulair
NEW YORK_The battle over the patent on Merck and Co.'s allergy and asthma drug
Corbin Heads SilverStone Group's Des Moines Initiative
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Humana Military Healthcare Services Promotes Flu
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CNA Appoints John Hennessy Chief Executive Officer,
CHICAGO--(BUSINESS WIRE)-- CNA Financial Corporation (NYSE: CNA) announced
Five steps to maximize retirement savings
Copyright 2009 TheStreet.com, Inc.All Rights Reserved TheStreet . com May 18,
Sterling Financial Corporation of Spokane, Washington,
Sterling Financial Corporation (NASDAQ: STSA) today announced that its
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