Insurance News
Manulife Appoints Former Canadian Diplomat to Board
Manulife Financial Corp. has appointed Joseph Caron, a former Canadian diplomat in China, Japan and India to its board of directors, bringing more than four decades of international affairs experience in Asia to the group. Caron was the for...
Guy Carpenter Executive: New Florida Unit to Serve 'Largest Cat Zone'
Reinsurance broker Guy Carpenter Co. is opening a dedicated Florida unit to target the largest catastrophe zone in the world, said Kevin Stokes, executive vice president and leader of the new unit. It's the first time the reinsurance broker...
Willis CharityChase Raises $1 Million for The Willis Foundation
Hundreds of Willis North America Associates and volunteers raced to the finish line today to raise $1 million for The Willis Foundation. The first ever Willis CharityChase took place in Chicago's Grant Park. Eleven teams of Willis Associate...
Factors Combine for Continued Uncertainty for Insurance Sector
A succession of catastrophes, an ample supply of capital and a range of economic worries are combining to create uncertainty for the insurance sector, Roger Sellek, chief executive officer of A.M. Best Europe-Rating Services Ltd., told A.M....
Living by the Golden Rule earns Micke the Golden Eagle
As Cloquet's Steve Micke was presented with one of Boy Scouting's highest honors -- the Golden Eagle Award -- last week, he humbly quoted from the book of Luke, To those who are given much, much is expected. That's because Micke's support o...
Remarks of First Lady Michelle Obama in Support of Senator Russ Feingold
Thank you so much. I am so thrilled to be here with all of you today. Thank you, Russ, for that very kind introduction. And thank you for inviting me here today. Now, when my husband was here in Wisconsin a couple of weeks ago, he talked ab...
Poizner's Iranian Investments Rule Found to Be Improper
California Insurance Commissioner Steve Poizner acted improperly when he took action against insurance companies whose investments were connected to elements of the Iranian economy, according to the state Office of Administrative Law. Poizn...
Fact Sheet: Connecting the Dots -- GOP, Outsourcing and the Special Interests
Congressional Republicans voted 11 times in the last four years to protect tax breaks for corporations that ship American jobs overseas, keep off-shore tax havens for corporations and the wealthiest Americans, and other similar loopholes. A...
FDIC Announces Director of New Division of Depositor and Consumer Protection
FDIC Announces Director of New Division of Depositor and Consumer Protection The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of Mark Pearce as director of the newly-established Division of Depositor and Cons...
Abu Dhabi groups does not plan to wind up business in Pakistan: PEW
The Pakistan Economy Watch (PEW) on Monday said UAE based Abu Dhabi Group is experiencing some financial trouble but the group has no plans to wind up any of the businesses in Pakistan. This group, one of largest foreign investors in Pakist...
Evan Moyer of QuantumDigital, Inc. to Present at Crye-Leike Annual Conference
QuantumDigital, Inc., the complete online service provider for direct mail, on-demand digital printing and eMarketing solutions, is pleased to announce the participation of Evan Moyer at the upcoming Crye-Leike Annual Conference and Expo ta...
AM Best changes Peachtree Casualty Insurance outlook to "negative"
12 October 2010 - AM Best has revised to negative from stable the outlook on the B++ (good) financial strength rating and bbb issuer credit rating of US Peachtree Casualty Insurance Co. The affirmation of the ratings reflects Peachtree's ad...
Dee Margo, Joe Moody laud endorsements
Endorsements in the House District 78 race are pouring in, and both candidates are trying to use them as a way to connect with voters. State Rep. Joe Moody, D-El Paso, announced Monday that the Texas Medical Association was endorsing him be...
OPINION: How Will the Court Rule in Mandate Case?
Predicting how the Supreme Court will rule in a given case is often a sketchy business. The court doesn't break down neatly along liberal/conservative, or big-government/small-government, lines. For every Heller or Citizens United infuriati...
Insurance costs to rise for MCS employees
The cost of health insurance will jump 10 percent this year for city schools employees and retirees, the first increase in three years. The district share will be $10 million of the $13.5 million increase, based on projections shared with t...
Face International Monetary Fund (IMF) with resolve
It is a positive sign that the International Monetary Fund (IMF) has invited Pakistan to discuss its future plans with the Fund. It seems Pakistan has been avoiding facing the Fund because it does not have the strategy to contain freefall o...
ACE GROUP REACHES DEAL TO ACQUIRE JERNEH INSURANCE IN MALAYSIA
Insurance Writers NEW YORK--(BUSINESS WIRE) - Oct. 07, 2010--The ACE Group of insurance and reinsurance companies today announced that it has signed a definitive agreement to acquire 100 per cent of Jerneh Insurance Berhad, a general insura...
Aegon Religare plans to infuse Rs 320-cr by March 11
Private life insurer, Aegon Religare, plans to infuse Rs 320-crore into its operations by end-this fiscal, a top company official said today. We have (so far) infused Rs 700-crore and will infuse about Rs 320-crore by the end of this financ...
Insurers languish at Karachi stock exchange last week
Some dull activities witnessed in the insurance stocks last week at the Karachi stock exchange as just around 2.9 million shares were traded together in life and non-life insurance stocks which are about 5 million shares less as compared to...
INDONESIAN GOVT OKAYS BRI'S PLAN TO ACQUIRE BUKOPIN
The Indonesian government has given the green light to Bank Rakyat Indonesia (BRI, JSX:BBRI), the country`s second largest state lender, to acquire state-owned Bank Bukopin (JSX:BBKP). Both BRI and Bukopin had the same core businesses, Stat...
CHAIRMAN OF AUSTRALIA'S SUNCORP-METWAY TO RETIRE AT NEXT AGM
Suncorp-Metway Ltd (ASX:SUN) chairman John Story will retire at the Australian banking and insurance group's upcoming annual general meeting (AGM). With continued evidence of the stabilisation of the operations of the group and the redevelo...
SRI LANKA TO START DEPOSIT INSURANCE SCHEME
Sri Lanka's Central Bank said it will introduce a deposit insurance scheme from October 1 that will help protect small depositors and reduce government liability if a financial institution collapses. Central Bank Governor Nivard Cabraal sai...
Claims Examiner Sentenced for Stealing From Progressive, Mercury Insurance
A judge sentenced a New York insurance claims examiner, who formerly worked at Progressive Insurance Co. and Mercury Insurance Co., to three to nine years in prison for stealing $474,000 from her employers by forging and writing claims chec...
Congresswoman Donna F. Edwards' Statement for Domestic Violence Awareness Month
Washington, D.C. - Congresswoman Donna F. Edwards (D-MD) released the following statement in observance of October as Domestic Violence Awareness Month. Nearly one year ago, I called attention to the undeniable fact that the current health...
Insurers Are Not Allowed to Establish PE Units
Insurance companies in China are not allowed to establish private equity investment companies but can make equity investment by directly investing in unlisted companies and investing in private equity funds, said Yang Mingsheng, vice chairm...
Qualified Insurers Allowed to Make Realty Investment
Insurance institutions of China are estimated to have about CNY 1.5 trillion for making investment in the realty, private equity and other permitted sectors. The interim measures of China Insurance Regulatory Commission (CIRC) on the realty...
China 3 Top Listed Insurers Jan.-Aug. Premium Grew
Three top insurance companies in China saw premiums expand in terms of old accounting standards in the first eight months this year. China Pacific Insurance (Group) Co., Ltd. (SHSE: 601601) raised premiums by 45.9 percent year on year, and...
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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
Humana Military Healthcare Services, a wholly owned subsidiary of Humana Inc.
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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,
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