Insurance News
Taiping Insurance to Sell Ming An on HKD42.27mn Loss in H1
Taiping Insurance Company Ltd. issued an interim report recently, showing net profit hit HKD 603 million, growing 9.6% over the same period of a year earlier. However, its controlling subsidiary The Ming An Insurance Co., (China) Ltd. witne...
Detailed Rules Expected for PE Investment of Insurers
China's insurance industry regulator is expected to release detailed rules for domestic insurance institutions to make investments in equities of non-listed companies. According to China Insurance Regulatory Commission (CIRC), China's insur...
China United Property Insurance H1 Saw Premium Growth Fall
China United Property Insurance Company Limited, which once incurred huge amounts of losses, made profits in the first half of the year but premium growth rate dropped each month in the period. The Urumqi-headquartered insurance firm brough...
CHINA REGULATOR ISSUES NEW RULES FOR INSURANCE CO.S INTERNAL OPS
The China Insurance Regulatory Commission (CIRC) on Tuesday issued basic guidelines for the internal control of insurance companies, which introduces comprehensive monitoring of insurance capital operations. The CIRC is urging insurance com...
National Financial Partners is Among the Companies in the Insurance Brokers Industry With the Highest Debt To Asset Ratio
Below are the top five companies in the Insurance Brokers industry as measured by their Debt To Asset ratio. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, m...
CATASTROPHIC ATHLETIC INJURY INSURANCE-HASKELI INDIAN NATIONS UNIVERSITY
NOTICE TYPE: Special Notice DATE POSTED: 16-AUG-10 AGENCY: Department of the Interior OFFICE ADDRESS: Department of the Interior; Bureau of Indian Affairs; BIA - DAPM; BIA - OIEP - Haskell Indian Nations University Contracting Office 155 In...
Imperial Holdings sees max USD287.5m in IPO proceeds
13 August 2010 - Specialty finance firm Imperial Holdings Inc yesterday applied with the US securities watchdog to raise maximum USD287.5m (EUR223.5m) in an initial public offering (IPO) of common stock, Reuters reported. The company has pi...
The Government of Canada helps youth in the Regional County Municipality of Sept-Rivières prepare for jobs
Local youth who face barriers to employment will get job preparation training and work experience through the Government of Canada's support for an employment project. The Honourable Christian Paradis, Minister of Natural Resources, made th...
ING's Second-Quarter Profit Surges on Banking; Insurance Segment Slips
ING Group recorded a big jump in second-quarter net profit on a turnaround in its banking unit, even as the insurance segment posted an operating loss. Second-quarter net profit was 1.09 billion euros, compared with a 71 million euro profit...
Hudgens Wins Run-Off to Secure Georgia GOP Nod for Insurance Commissioner
Georgia state Sen. Ralph Hudgens defeated former Insurance Department staffer Maria Sheffield in the run-off election for the Republican nomination for insurance commissioner. In the general election, Hudgens, chairman of Georgia Senate's I...
Best's Rating Notification - Gramercy Insurance Company
A.M. Best Company has made the following rating update: Company: Gramercy Insurance Company AMB Number: 2722 Current Rating: B+ Previous Rating: B+ To obtain more information about this company, please visit: http://www3.ambest.com/frames/f...
Insurance commissions ban draws fire
Clive Levinthal, the head of life insurance at Clearview Retirement Solutions, says the insurance sector has taken good steps toward combating underinsurance in recent years. Levinthal says prohibiting all commissions would be a great danger...
SmarTrend's Option Scanner Detects Unusual Activity in CIGNA (CI)
Shares of CIGNA (NYSE:CI) are trading 4.4% lower today, recently trading at $33.31. The stock has been drifting higher over the past ten trading days and is currently trading in a technical uptrend. The put volume today was 7,725 contracts,...
Ping An Insurance to Sell Longfor Shares at USD36mn
Ping An Insurance (Group) Company of China, Ltd. (Ping An, SHSE: 601318, and SEHK: 2318), the second largest insurance firm in the nation by premium, is planning to sell shares in real estate developer Longfor (SEHK: 0960) to finance a tota...
Accounts-death benefits to survivors Seem Light
The package arrived at Cindy Lohmans home in Great Mills, Md., just two weeks after she learned that her son, Ryan, a 24-year-old Army sergeant, had been killed by a bomb in Afghanistan. It was a thick envelope from Prudential Financial Inc...
Insurers Subpeonaed on military death benefits
Attorney General Andrew Cuomo of New York Mr. assigned more than six insurers the state is widening an investigation to determine whether life insurance companies defrauded the families of deceased members of the army. Genworth Financial, Gu...
Kanjorski to Hold Hearing on the Role of Private Mortgage Insurance
Hearing is Part of Series on the Future of the U.S. Housing Finance System Washington, DC - Congressman Paul E. Kanjorski (D-PA), the Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponso...
SonicWALL Shareholders Approve Merger Agreement With Thoma Bravo and Ontario Teachers' Pension Plan
SonicWALL, Inc. (Nasdaq: SNWL), a leading provider of IT security and data backup and recovery solutions, has announced the results of the Company's Special Meeting of Shareholders held today. The SonicWALL shareholders voted overwhelmingly...
ASIA INSURANCE NEWS TODAY
BANK OF BEIJING TAKES FOUR BOARD POSITIONS IN ING LIFE INSURANCE BEIJING - Four senior managers from the Bank of Beijing (BoB) (SSE:601169) have been appointed board directors of the ING Life Insurance, taking half of the board director pos...
Flood Insurance Reform Bill to Make Flood Insurance More Affordable for West Virginians
BECKLEY, W.VA -U.S. Rep. Nick Rahall (W.Va.) announced that the Flood Insurance Reform Priorities Act (H.R. 5114), which passed the House this week, will make flood insurance premiums more affordable for West Virginians by creating an insta...
Business Insurance Now Names Darren Beck as New Company CEO
Darren Beck has been named Chief Executive Officer of Business Insurance Now, the nation's leading online source for small business insurance quotes . He will also serve as a member of the Board of Directors. The announcement was made today...
Axis forms design professionals and environmental liability insurance unit
Axis Capital Holdings has announced that its Axis Insurance segment has formed a design professionals and environmental liability unit, which provides coverage for architects, engineers, contractors, consultants and other firms. The new uni...
Best's Rating Notification - Madison Mutual Insurance Company
A.M. Best Company has made the following rating update: Company: Madison Mutual Insurance Company (NY) AMB Number: 388 Current Rating: A- Previous Rating: A- To obtain more information about this company, please visit: http://www3.ambest.co...
Farmers Insurance(R) Named One of the 'Best Companies to Work For' in the Greater Kansas City Area
Farmers Insurance(R) has been named one of the Best Companies to Work For by Ingram's Magazine for 2010. According to the magazine, it provides recognition to those workplaces that exhibit the highest quality in the Greater Kansas City area...
Aviva USA Sues Ex-Employee in Alleged $6 Million Embezzlement.
Aviva USA Corp. and the federal government are pursuing separate legal actions against a former employee of the life insurer accused of embezzling nearly $6 million from the company through a fraudulent commission payments scheme. Around Ap...
INDONESIAN INSURER JAMSOSTEK TO BUY 30% OF BANK BUKOPIN
Indonesia's state-owned workers' insurance company PT Jamsostek is closer to owning up to 30 per cent of PT Bank Bukopin Tbk (JSX:BBKP) when the medium sized lender launches rights issue by the end of this year. Jamsostek has agreed to beco...
Insurance News - ASIA INSURANCE JULY 9
An executive briefing on insurance for July 9, 2010, prepared by Asia Pulse , the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. INDONESIAN INSURER JAMSOSTEK TO BUY 30% OF BANK BUKOPIN JA...
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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
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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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Copyright 2009 TheStreet.com, Inc.All Rights Reserved TheStreet . com May 18,
Sterling Financial Corporation of Spokane, Washington,
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