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National Insurance News

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05/31/2016 12:49 PM

Foreign Business Groups to Complain About Proposed Chinese Insurance Rules - Wall Street Journal


Wall Street Journal

Foreign Business Groups to Complain About Proposed Chinese Insurance Rules
Wall Street Journal
BEIJING—Another sector added its voice to complaints about China's tightening cybersecurity rules. More than two dozen American and international business groups have signed a draft letter of protest against proposed Chinese regulations for the ...
Concern over China insurance rules ahead of talks with USReuters
Insurance companies unveil tax-deductible health insurance in trial programmeSouth China Morning Post

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05/31/2016 01:25 PM

Anbang Withdraws Application for NY Approval of Insurance Deal - Wall Street Journal


Wall Street Journal

Anbang Withdraws Application for NY Approval of Insurance Deal
Wall Street Journal
Beijing-based Anbang Insurance Group Co.'s $1.57 billion pending acquisition of Fidelity & Guaranty Life has run up against regulators' demands for detailed financial information about its ownership structure, causing a glitch in the approval process, ...

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05/31/2016 01:43 PM

THE INSURANCE AND THE IoT REPORT: Examining how insurance companies are leveraging IoT solutions - Business Insider


Business Insider

THE INSURANCE AND THE IoT REPORT: Examining how insurance companies are leveraging IoT solutions
Business Insider
Insurance companies have been leveraging IoT devices to get better insight into their insured clients and differentiate their product offering. This helps lead to more accurately priced premiums, better models for future payouts, and increased customer ...

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05/31/2016 01:05 PM

US-EU Continue Talks on Insurance Regulation Covered Agreement - Insurance Journal


US-EU Continue Talks on Insurance Regulation Covered Agreement
Insurance Journal
Michael McRaith, director of the Federal Insurance Office (FIO) within Treasury, has called negotiating a covered agreement with the European Union “a critical step toward leveling the playing field for American insurers and reinsurers.” The Treasury ...

 

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05/31/2016 01:55 PM

It's key to weigh options when picking a long-term care insurance plan - CNBC


CNBC

It's key to weigh options when picking a long-term care insurance plan
CNBC
It's important to understand all your options when it comes to buying long-term care insurance. With so many alternative plans being offered today, a traditional plan may not be your best choice. It all depends on your needs. A new client — let's call ...

 

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05/30/2016 10:34 PM

Former Zurich Insurance CEO killed himself, says company - The Guardian


The Guardian

Former Zurich Insurance CEO killed himself, says company
The Guardian
The former chief executive of Zurich Insurance has killed himself, the company said on Monday, less than three years after the company's chief financial officer also took his own life. The death of Martin Senn, 59, takes the number of suicides by ...
Former Zurich Insurance CEO Senn commits suicideMarketWatch
Former Zurich Insurance CEO Martin Senn Commits SuicideWall Street Journal
Former Zurich Insurance boss kills himselfBBC News
CNNMoney -Fortune -New York Times
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05/31/2016 07:51 AM

AIA, Prudential, others weigh bids for Thai SCB's insurance unit stake - sources - Reuters


Reuters

AIA, Prudential, others weigh bids for Thai SCB's insurance unit stake - sources
Reuters
Total life insurance premium income in the country is forecast to grow by 9 percent to 585.7 billion baht ($16.40 billion) in 2016 after rising by 6.7 per cent last year, the Thai Life Assurance Association has said. Insurers "see growth potential in ...

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05/31/2016 01:38 PM

Insurance rate increases inevitable - Bowling Green Daily News


Insurance rate increases inevitable
Bowling Green Daily News
"The Department of Insurance will fully investigate all proposed rate increases to make sure they are warranted," DOI Commissioner Brian Maynard said in a news release. "Insurance rate increases are not specific to Kentucky. States across the nation ...

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05/30/2016 02:07 PM

The federal insurance fund protecting millions of pensions is running out of cash - Washington Post


Washington Post

The federal insurance fund protecting millions of pensions is running out of cash
Washington Post
After the Treasury Department rejected its Hail Mary proposal, which would have substantially cut benefits for some retirees, the Central States Pension Fund has little choice but to turn to a federal insurance program that is supposed to offer a ...

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05/31/2016 09:10 AM

Chinese Curbs Fail to Slow Hong Kong Insurance Buying Frenzy - Bloomberg


Chinese Curbs Fail to Slow Hong Kong Insurance Buying Frenzy
Bloomberg
Mainlanders' purchases of insurance and related investment policies almost doubled from a year earlier to HK$13.2 billion ($1.7 billion), the Office of the Commissioner of Insurance said in Hong Kong on Tuesday. The total exceeded a record fourth ...

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International Insurance News

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05/19/2016 04:28 PM

AIG: Don't Be Fooled, Icahn Doubling Down On This Insurance Company Is A Big Deal - Seeking Alpha


AIG: Don't Be Fooled, Icahn Doubling Down On This Insurance Company Is A Big Deal
Seeking Alpha
Billionaire investor and AIG shareholder Carl Icahn recently increased his stake in the insurance company, adding to his clout and growing his influence on AIG's Board of Directors. American International Group is going to return $25 billion in cash to ...

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05/30/2016 12:12 PM

AIG: Nice Rebound, On To The $60s - Seeking Alpha


Seeking Alpha

AIG: Nice Rebound, On To The $60s
Seeking Alpha
Insurance company American International Group, Inc. (NYSE:AIG) has sold for a steep discount to accounting book value for years, and, in fact, AIG has not managed to trade back up to accounting book value ever since the company regained its freedom ...

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05/26/2016 07:18 AM

Activa International Insurance supports SWAG for 4 years - Myjoyonline.com


Myjoyonline.com

Activa International Insurance supports SWAG for 4 years
Myjoyonline.com
Activa International Insurance Company, has presented a cheque for GH¢30,000 as a sponsorship support to the Sports Writers Association of Ghana (SWAG) towards the smooth organization of this year's SWAG Awards Night slated for Saturday, June 4, ...
Activa Gives Towards MTN SWAG Awards NightNews Ghana

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05/30/2016 10:04 AM

Former Zurich Insurance CEO Martin Senn Kills Himself - ABC News


Former Zurich Insurance CEO Martin Senn Kills Himself
ABC News
Switzerland's Zurich Insurance Group says former chief executive Martin Senn, who ran the company for six years until last December, has killed himself. The incident comes three years after the company's then-chief financial officer also killed himself.

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05/31/2016 12:39 PM

Liberia: Indicted Speaker, Sen. Sherman Risk Imprisonment Over 'Invalid Bonds' - AllAfrica.com


Front Page Africa

Liberia: Indicted Speaker, Sen. Sherman Risk Imprisonment Over 'Invalid Bonds'
AllAfrica.com
... Senator Varney Sherman and others have filed a US$1,500,000.00 criminal bond through the OMEGA Insurance Company while House Speaker Alex Tyler filed a US$1,500,000 appearance through the Sky International Insurance Company respectively.
Prosecution Excepts To Bond Filed By Sherman, OthersGlobal News Network
Sherman Loses First BattleThe New Dawn Liberia

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05/23/2016 07:55 AM

Anadolu Insurance Company Signs a Multi-Million Dollar Agreement with Sapiens, Expanding Their Strategic ... - PR Newswire (press release)


Anadolu Insurance Company Signs a Multi-Million Dollar Agreement with Sapiens, Expanding Their Strategic ...
PR Newswire (press release)
Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, announced today that Anadolu Insurance Company (Anadolu), ...
Sapiens Expands Strategic Alliance with Anadolu Insurance Company (NASDAQ:SPNS)Sonoran Weekly Review
Sapiens International expands relationship with Turkish insurerIntelligent Insurer (subscription)

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05/24/2016 08:30 PM

China's Leading Insurance Company Ping An Joins R3 Blockchain Consortium - newsBTC


newsBTC

China's Leading Insurance Company Ping An Joins R3 Blockchain Consortium
newsBTC
The blockchain consortium of international banking institutions now has a new member in the form of Ping An Financial Services Group. By announcing its inclusion into the consortium, Ping An has become the first financial institution from China to ...
China's Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3Insurance Journal

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05/31/2016 08:16 AM

S&P lowers Fosun outlook after Moody's takes opposite view - Financial Times


Financial Times

S&P lowers Fosun outlook after Moody's takes opposite view
Financial Times
S&P on Tuesday lowered its outlook on Fosun International's BB-minus rating to negative, illustrating that even rating agencies cannot agree on the risks of a debt-fuelled deal spree. The move came just a month after rival Moody's took a more sanguine ...

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05/31/2016 04:50 AM

Rising car insurance rates to hit Mississippi motorists - WDAM-TV


Rising car insurance rates to hit Mississippi motorists
WDAM-TV
The Mississippi Insurance Department expects a more than 20% hike in insurance coverage because the state leads the nation in payouts in several categories. "There are three buckets of expenses that the insurance company will see. One is the medical ...

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05/31/2016 10:09 AM

Mosquitoes, marbles, baseball and other New Jersey facts | Albright - NJ.com


NJ.com

Mosquitoes, marbles, baseball and other New Jersey facts | Albright
NJ.com
The Mutual Benefit Life Insurance Company was founded in Newark in 1845 by Robert Livingston Patterson, a New York merchant who studied the life insurance business in England. In just nine months, excessive investments in real estate caused a collapse ...

 

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