Insurance News
BSP likely to lift banks' 5% equity rule in insurance firms
The Bangko Sentral ng Pilipinas (BSP) is considering the possibility of lifting the five-percent equity of banks in insurance companies. Deputy BSP Governor Nestor Espenilla Jr., in an interview, said the bancassurance rules, which mandate...
Employers Direct Pulls Back from California Workers' Comp Market
Employers Direct Insurance Co. said Tuesday that it will stop writing new or renewal workers compensation policies in California as of August 1, and is cutting staff by 18 percent. The Agoura Hills company, formed in 2003 to take advantage...
HCC Medical Insurance Services Garners 2010 MIRA Award Nomination
HCC Medical Insurance Services (HCCMIS) said that it has received a nomination for the 2010 Techpoint Mira Awards. In its 11th year, the Mira Awards acknowledge advancements made by organizations and individuals in technology-related indust...
NRMA Insurance Releases Easter Home Security Reminder for NSW Residents
NRMA Home Insurance is reminding NSW residents about home security this Easter holiday break, with research revealing that digital cameras top a thief's wishlist*. Other popular items with thieves were laptops, MP3 players and jewellery. NR...
Insurance Aust Grp head sees premiums rising moderately in future
INSURANCE AUSTRALIA GROUP (ASX:IAG) chairman James Strong says he expects insurance premium price rises to be more moderate in the future. Speaking before a business forum in Brisbane on Wednesday, Mr Strong said recent storms in Melbourne...
Loyalist Insurance reports loss in 2009
The Loyalist Insurance Group has reported a net loss of $217,238, or $0.01 per share, for the year ended December 31, 2009, compared to net earnings of $2.35 million, or $0.13 per share for the year 2008. The company's revenues for the year...
Insurers Object to Lost Exemptions Under New EU Competition Law
On April 1, the European Commission's new Block Exemption Regulation will come into effect across the 27-member European Union, and insurance industry representatives are less than enthusiastic. The new BER renews only two of the four categ...
Insurers Encouraged to Launch Technology Insurance
China Pacific Insurance (Group) Co., Ltd. (CPIC, SHSE: 601601), a Shanghai-headquartered insurance company, was dwarfed by the new accounting standards in China during the first two months of 2010 and its rival New China Life Insurance Co.,...
Insurance Carrier Cuts 50 Workers in Woodland Hills
21st Century Insurance, has laid off 7 percent of its workforce nationwide, 50 of whom worked in Woodland Hills. The company, a subsidiary of beleaguered carrier AIG, sells car, home and other types of insurance and has been a part of AIG s...
Farmers Group Buys Auto Insurance Unit From AIG
In a $1.9 billion dollar deal, Farmers Group Inc. will buy 21st Century Insurance, AIGs personal auto insurance group. The deal between Farmers Group Inc., the Los Angeles subsidiary of Swiss insurance conglomerate Zurich Financial Services...
Insurer Pacific Expands in Cypress, New Business Line
Pacific Pioneer Insurance Group moved to Cypress from La Mirada last year to accommodate its new division. Its new Pacific Excess Insurance Marketing business caters to what are considered higher risk policy holders, such as owners of older...
Bank of America began to reduce the principal amount of mortgage loan modifications
Bank of America Corp., one of the largest mortgage lenders in Florida, said Wednesday it will give some troubled mortgage borrowers a huge break. It will forgive up to 30 percent of some customers' total mortgage balance. But the bank remain...
Barrasso Amendment Prohibits Insurance Premium Increases
Contact: Emily Lawrimore ~202.224.6441 Barrasso Amendment Prohibits Insurance Premium Increases My amendment will hold those who voted for this bill accountable to the promises they made to the American people. WASHINGTON, D.C. - Today, U.S...
Insurance Group Allowed to Control 1 Financial Institution
Rules on the management of insurance groups were released by the China Insurance Regulatory Commission (CIRC), the top Chinese banking regulator, on March 24. In detail, the rules involve insurance group's threshold, corporate management, c...
Insurance Group Should Control at Least 2 Insurers
Rules on the management of insurance groups were released by the China Insurance Regulatory Commission (CIRC), the top Chinese banking regulator, on March 24. In detail, the rules involve insurance group's threshold, corporate management, c...
Pre-Paid Legal Reports Net Income Up 7 Percent
Pre-Paid Legal Services reports first quarter net income increased 7 percent to $17. 1 million from $15.9 million for the prior year's first quarter. Diluted earnings per share increased 18 percent to $1.52 per share from $1.29 per share fo...
Prescription Assistance Helps Workers Hurt by Recession
The 'Help is Here Express' bus tour stops in Oklahoma this week at various cities to help uninsured and financially struggling Oklahomans access information on programs that provide prescription medicines for free or nearly free. With the s...
Legislation to reform state workers'compensation system
The four bills will now move to the Senate for consideration, although they remain works in progress, said Rep. Dan Sullivan, author of the bills. Our states workers compensation system is broken, both for injured workers and businesses pay...
Farmers Will Be Back as Golf Tournament Sponsor
Farmers Insurance , which signed a last-minute agreement to sponsor this years PGA Open Tournament at Torrey Pines Golf Course, has inked a deal to sponsor the tournament for the next four years, according to a March 15 announcement. The wi...
Title Insurers See 56% Jump;Driven by Uptick in Refinancing
Orange Countys largest title insurers saw a resurgence in business last year after a rough 2008, but industry officials are bracing for a few more lean years ahead. The countys 15 largest title companieswhich write policies protecting buyer...
Wyo first quarter jobs drop for the first time in 21 years
There are Wyoming citizens who are old enough to drink but not old enough to remember the last time the number of jobs decreased from the previous year. The Research and Planning Section of the Wyoming Department of Employment reported on Fr...
WY Workforce wellness doesn't cost, it pays
Kirk Keller of Two Medicine Health Financial Fitness was fielding a question about workforce wellness this fall from a Cody employer who asked, You mean to tell me that if we don't do anything, it's going to cost us? Yeah, it's going to cost...
Oklahoma Heart Institute Plays Host to Open House
Oklahoma Heart Institute treats its first patients on Wednesday, March 11, but the public has the opportunity to experience a peak inside the new, state-of-the-art hospital at a community open house Sunday, March 8 from noon to 4 pm. OHI is...
Oklahoma Farm Bureau Group Firms Downgraded
A.M. Best Co. downgrades the financial strength rating to B+ from B++ and issuer credit ratings to bbb- from bbb+ of Oklahoma Farm Bureau Group and its members, Oklahoma Farm Bureau Mutual insurance Co. and AgSecurity Insurance Co. The ratin...
Kaiser Cutting 1,850 Jobs Statewide, 650 in Region
Kaiser Permanentes surprising announcement last week that it would eliminate 650 jobs in Southern California and 1,850 statewide created concerns among health care analysts, who anticipate further job losses among hospital districts as the...
Pharmacies Switching Patients’ Drugs to Save Money, Some Charge
Consider this scenario: A patient walks into a pharmacy, drops off a prescription and ends up with an entirely different drug than the one prescribed by his or her doctor. Not a generic drug, but a nonchemically equivalent alternative drug...
Sage Grouse a candidate species
The greater sage grouse, whose numbers have seen a 90 percent decline from a century ago and who have lost more than half of their historic habitat, does not have a good long-term prognosis, Interior Secretary Ken Salazar told reporters at a...
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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,
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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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