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Property Insurance

Aug. personal lines composite rate holds at plus 3%

The U.S. personal lines market did suffer from some wildfire and flood claims in August but the impact was not significant because there were no big cat effects. Thus, the composite rate held steady at plus 3 percent for US based personal li...

USAA Admits That Some 'Totaled' Cars Were Sold

Sept. 07--USAA officials now admit that some vehicles it branded as total losses after being damaged by Hurricane Sandy's floodwaters later were resold and put back on the road. The San Antonio-based insurer totaled some 4,000 customer vehic...

Maine's Uninsured Drivers Cost Victims More Than Money

Sept. 01--When Mike Lyons was in a car accident in 2008, he knew right away that his shattered body would never recover fully. What he didn't realize was that his finances would be ravaged as well -- the driver who hit him was one of an esti...

Many Public Companies Remain Silent On Cyber Risk

NEW YORK, Sept. 5, 2013 (GLOBE NEWSWIRE) -- Fortune 1,000 firms in the health care, technology and insurance sectors top the list of industry groups most concerned about cyber threats, according to a recent report by Willis North America, a...

Mo. County Will Tow Uninsured Vehicles

Sept. 05--LINCOLN COUNTY --Starting Friday, motorists caught driving without car insurance or a valid drivers license will get more than a ticket for their infraction. They'll lose their wheels. Sheriff John Cottle has announced a zero toler...

Zurich To Look At 'Undue Pressure' On CFO

GENEVA (AP) The new acting chairman of the Zurich Insurance Group says the company's board will investigate whether undue pressure was put on the company's chief financial officer before he apparently killed himself. Tom de Swaan says CFO Pi...

Record Highs Signal Inflexion Point For Insurance-Linked Securities Market

CHICAGO, Aug. 30, 2013 /PRNewswire/ -- Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, today launches its annual report on the insurance-linked securities (ILS) ma...

Zurich To Look At 'Undue Pressure' On CFO

GENEVA (AP) The new acting chairman of the Zurich Insurance Group says the company's board will investigate whether undue pressure was put on the company's chief financial officer before he apparently killed himself. Tom de Swaan says CFO Pi...

Ariz. Agent Loses License For Misconduct

Aug. 31--The Arizona Department of Insurance has revoked the professional license of Tucson insurance agent Jeffrey Carl Hansen for alleged misconduct. Hansen collected $4,323 in premiums on nine auto insurance policies but kept the money in...

Katrina Taught Lessons That Served S. Miss. Well

Aug. 31--Katrina taught the people of South Mississippi lessons others would do well to study if they're hit by a natural disaster. The 2005 storm buried the Coast in millions of cubic yards of debris, creating a mountain of problems for res...

"Resilient Oklahoma" Program To Broaden Tornado Preparedness

SAN FRANCISCO, Aug 29, 2013 /PRNewswire/ --On July 25, 2013, international design and construction services nonprofit Architecture for Humanity was awarded a $140,000 grant by the Community Safety Foundation. The Community Safety Foundation...

"Resilient Oklahoma" Program To Broaden Tornado Preparedness

SAN FRANCISCO, Aug 27, 2013 /PRNewswire/ --On July 25, 2013, international design and construction services nonprofit Architecture for Humanity was awarded a $140,000 grant by the Community Safety Foundation. The Community Safety Foundation...

CPIC Jan-May Property Insurance Premium Up 18.6%

The premium revenue China Pacific Insurance (Group) Co., Ltd. (CPIC, SEHK: 2601601 and SHSE: 601601) captured in the first five months of this year reached CNY 73.2 billion, according to data the dual-listed insurer released on June 15. Of...

PICC Preparing for Dual Listings

The People's Insurance Company (Group) of China Ltd. (PICC) recently inked a contract to introduce the National Council for Social Security Fund (NCSSF) as a shareholder. Under terms of the contract, the fund will invest CNY 10 billion into...

Growth of Property and Casualty Insurance Hit 20% in 2011

Recently, several insurers published their premium report of May 2011. In terms of property and casualty insurance, premium revenue of Ping An Property Casualty Insurance Company of China, Ltd. (Ping An PC) increased totally 36.2% in Januar...

Regulator proceeding with caution on property title insurance

Scattered and decentralised land records have emerged as the most contentious hurdle in providing insurance for land titles, prompting the insurance watchdog, the IRDA to study the issue before approving products providing title cover. Accor...

Pacific Property Insurance Partners with Euler Hermes

China Pacific Property Insurance Co. has entered into an agreement with the French credit insurance company Euler Hermes to launch full cooperation in development of credit insurance products, operation and management and market development...

Sichuan First Local Property Insurer Established

Jintai Property and Casualty Insurance Co., Ltd., the homegrown legal-person insurance firm incorporated in Sichuan Province, opened. With initial registered capital of CNY 1.1 billion, the insurance firm is jointly sponsored by eight large...

PICC Property Suffered First Premium Drop in 4 Yrs

PICC Property and Casualty Company Limited (SEHK:2328) witnessed premium revenue of CNY 183.31 billion in January 2011, falling about 1% over the same period of a year earlier and the first drop since December 2006, announced by the propert...

Jintai Property Insurance OKed to Debut

Jintai Property Insurance Comany Ltd. has gained go-ahead from the Chinese regulators to make a debut. The property insurer, based in Chengdu, capital city of Sichuan province, central China, will have a registered capital of CNY 1.1 billio...

China Pacific Insurance 2010 Premium Income Hit CNY139.4bn

China Pacific Insurance (Group) Co., Ltd. (SHSE: 601601, SEHK: 2601), a leading integrated insurer in the country, stated in a January 17 announcement that it achieved CNY 139.4 billion in original premium revenue in 2010 in terms of new ac...

China Guodian Plans to Establish Property Insurer

China Guodian Corporation is planning to set up a property insurance company together with five other companies including Shenzhen-listed Hubei Triring Co., Ltd. The China Guodian plans to take a controlling 40% stake in the property insure...

Insurance Funds Flow Faster into Property Sector

Insurance funds accelerate investing in property sector after Chinese insurance regulator gave them such access in early September. China Insurance Regulatory Commission on September 5 released interim rules on insurance funds' equity inves...

China United Property Insurance Suffe Shrinking Market Share

As the fourth largest property insurance company of China's Mainland, China United Property Insurance Company has seen the negative growth in premium revenues for consecutive six months this year. According to available data, China United P...

19 Property Insurance Firms Lifted Capital by CNY11.9bn

Original premium revenue of property insurance firms in China arrived at CNY 799.86 billion in the first half of 2010, growing more than 30% over the same period of a year earlier. Along with expanding scale, about 19 property insurance fir...

Foreign Property Insurers Occupy Low Market Share in China

Allianz Insurance Company Guangzhou Branch, Allianz Group's first non-life insurance operation in China, has been upgraded into a subsidiary of the German group and is set to start formal operation from July 1. So far, a total of 14 foreign...

Insurers helping Ontarians lead safer lives, protect property and prepare for emergencies

Entertainment, prizes and family fun highlight 2010 Be Smart. Be Safe. Tour Insurance Bureau of Canada's (IBC's) award-winning Be Smart. Be Safe. Tour kicked off its sixth consecutive season today at Harbourfront with entertainment, prizes...

Today's Picks

Annual Insurance Software Deal Trends report shows that Hyland's OnBase has the most traction in both life/health and property/casualty CLEVELAND, June 8 /PRNewswire/ -- Even back in 2007 and 2008,

Celent Cites Hyland Software as the Category Leader

Annual Insurance Software Deal Trends report shows that Hyland's OnBase has the

Borrowers have seen little benefit from the recent recovery in global money markets, with banks and building societies continuing to withhold lower rates. Figures from Savills Private Finance show

Lenders are withholding best tracker rates

Borrowers have seen little benefit from the recent recovery in global money

Copyright 2009 Timothy Benn Publishing LimitedAll Rights Reserved Reinsurance Magazine April 6, 2009 Monday Pg. 6 315 words News Focus - Lloyd's CFO gloomy about investment. UK As with a number of

News Focus - Lloyd's CFO Goomy about investment.

Copyright 2009 Timothy Benn Publishing LimitedAll Rights Reserved Reinsurance

26 February 2009 - Published in the insurance, dental insurance, disability insurance, financial services, general insurance, health insurance, online insurance, liability insurance, life insurance,

Over 150 Amps Converge on Capitol Hill

26 February 2009 - Published in the insurance, dental insurance, disability

June 15 (Bloomberg) -- Lincoln National Corp., the insurer that announced two rounds of job cuts this year, plans to raise $2.05 billion by accepting U.S. rescue funds and selling shares and debt to

Lincoln Accepts U.S. Rescue Funds, Plans Share Sale

June 15 (Bloomberg) -- Lincoln National Corp., the insurer that announced two

The U.S. economy, as well as the world economy, remains sour. Although there are a number of reasons for this situation, the financial meltdown on Wall Street is certainly high on the list. As the

ERM: Paint By Numbers

The U.S. economy, as well as the world economy, remains sour. Although there

Insurance companies are finding their sea legs in a different kind of market, the likes of which they've never seen before. In spite of heavy catastrophe claims from 2008 and the worst financial

A Market in Flux: Insurers at RIMS Discuss the New

Insurance companies are finding their sea legs in a different kind of market,

The Department plans to extend beyond the bailout fund for banks and automakers to six of the largest life insurance companies. The government has granted preliminary approval of Prudential (PRU),

Bailout funds extended to insurance companies

The Department plans to extend beyond the bailout fund for banks and automakers

Buyers are beginning to lose the upper hand in home sales and new evidence suggests that in some parts of the country, sellers are required to successfully close to the asking price. Almost two

Buyers beware as confident home sellers are starting

Buyers are beginning to lose the upper hand in home sales and new evidence

Despite the drubbing they took on their investments in 2008, reinsurers survived the financial crisis better than many others in the financial sector and their capital positions have improved

Reinsurers Refuel After Tough Year

Despite the drubbing they took on their investments in 2008, reinsurers

Copyright: United Press International Source: UPI Top Stories Wordcount: 182 Former New York Governor Eliot Spitzer believes he still has a public function to discuss issues he knows about and cares

Spitzer spoke AIG In Interview

Copyright: United Press International Source: UPI Top Stories Wordcount: 182

HONOLULU, April 21, 2009 (GLOBE NEWSWIRE) - Bluewave Technology, a leading provider of solutions for claims management of the property / insurance industry crash, today announced the promotion of

Bluewave Technology Promotes Alyssa Hostelley to Vice

HONOLULU, April 21, 2009 (GLOBE NEWSWIRE) - Bluewave Technology, a leading

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