AIA, Metlife Said Among Bidders for ING Asia Life Insurance Unit
View full post on Yahoo! Finance: Life Insurance Industry News
View full post on Yahoo! Finance: Life Insurance Industry News
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Guernsey-based Jupiter Insurance Limited, both with stable outlooks. Jupiter is a captive of BP plc, an integrated … View full post on Insurance Journal » News
View full post on Yahoo! Finance: Life Insurance Industry News
Premiums for so-called force-placed insurance have more than tripled since 2004, producing enormous profits for insurers and the banks that take out policies when a homeowner fails to maintain coverage required by the mortgage, according to New York regulators. In … View full post on Insurance Journal » News
Hackensack Police Chief Ken Zisa faces up to 45 years in prison after a jury convicted him of insurance fraud and official misconduct. After deliberating three days, the panel on Wednesday found Zisa filed a false insurance report and became … View full post on Insurance Journal » News
The National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America have joined a lawsuit filed this week against the Oregon Departments of Administrative Services and Transportation to block the recently approved fee increase for motor … View full post on Insurance Journal » News
A proposal that would have set up a body of elected and appointed officials to craft the health insurance exchanges that anchor President Barack Obama’s health overhaul has failed to gain traction in the Louisiana Senate. The Senate Finance Committee … View full post on Insurance Journal » News
South Dakota has been awarded a $5.9 million federal grant to continue research into the possibility of a state-run health insurance exchange. But Gov. Dennis Daugaard says the state will continue to wait for the outcome of the lawsuit challenging … View full post on Insurance Journal » News
The tornado that swept through Joplin, Mo., on May 22, 2011, has generated $2.16 billion in insurance claims payouts to Missouri policyholders, according to an Insurance Information Institute analysis of data from ISO’s Property Claims Service (PCS) and other sources. … View full post on Insurance Journal » News
The New York Compensation Insurance Rating Board (NYCIRB) has submitted to the Department of Financial Services on Thursday a loss-cost filing for an overall average loss cost change of +11.5 percent. The change in loss cost represents the anticipated cost … View full post on Insurance Journal » News
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