Finding Middle Ground

Published - 07/02/2008 12:00 AM

An oft-stated assumption entering 2008 was that election-year politics would predominate and keep things quiet on the legislative front for insurers. This assumption has proven erroneous, as a host of regulatory issues have reared their heads. Even though they may wish it were otherwise, insurance technologists do not operate in ... 

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Veteran State Employee Named Insurance Commissioner

Published - 07/01/2008 12:00 AM

Sharon P. Clark, a 17-year veteran of Kentucky state government, has been appointed commissioner of the Kentucky Department of Insurance, Robert D. Vance, secretary of the Public Protection Cabinet, announced June 30. Clark’s experience includes five years as director of the Consumer Protection and Education division at DOI. Clark, of Harrodsburg, ... 

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NAMIC: Florida Insurance Regulation Proposal Seeks to ‘Change the Rules in the Middle of the Game’

Published - 06/27/2008 12:00 AM

INDIANAPOLIS (June 26, 2008) – A seemingly innocuous rule change proposed for Florida’s insurance system could further dissuade insurance companies from doing business in the state. That’s the message the National Association of Mutual Insurance Companies (NAMIC) delivered to the state’s regulators today. The proposed “Informal Conferences; Repeal” addresses the required ... 

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Legislation to Promote Stronger Buildings Will Save Lives, Money

Published - 06/25/2008 12:00 AM

WASHINGTON (June 24, 2008) – Legislation adopted today by the House Financial Services Committee is key to preventing loss of lives and property during natural catastrophes, according to the National Association of Mutual Insurance Companies (NAMIC). The proposal provides federal funding to encourage and enforce stronger building codes at the ... 

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Assurant Secures 2008 Property Catastrophe Reinsurance Coverage

Published - 06/20/2008 12:00 AM

NEW YORK, June 18 /PRNewswire-FirstCall/ -- Assurant, Inc. ("Assurant") (NYSE: AIZ - News), a premier provider of specialized insurance and insurance-related products and services, today announced that it has finalized the structure of its 2008 property catastrophe ("CAT") reinsurance program, effective for both January 1 and June 1, ... 

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Paulson repeats call for banking overhaul

Published - 07/03/2008 12:00 AM

U.S. Treasury Secretary says banking systems in Britain and the United States are out of date and must give warning of future economic problems. LONDON (AP) -- U.S. Treasury Secretary Henry Paulson said Britain and the United States must overhaul their outdated banking regulatory systems. Paulson said in a speech that a ... 

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Computerworld Magazine Names Aflac as One of the Best Places to Work in Information Technology

Published - 07/01/2008 12:00 AM

COLUMBUS, Ga., June 30 /PRNewswire/ -- Today, Aflac was selected as a top employer for Information Technology professionals by IDG's Computerworld magazine. The leading insurer ranked Number 34 on the 15th annual Best Places to Work in IT listing. In the publication's July edition Aflac's flexible work schedule and work/life ... 

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AonSmartDrive Measured Safety Program Reduces Auto Related Liability Costs by 50%

Published - 06/24/2008 12:00 AM

CHICAGO, June 23 /PRNewswire-FirstCall/ -- Aon Corporation, the leading global risk and insurance firm, and SmartDrive, a global leader in driver safety and risk management solutions, have teamed up to provide a joint service called AonSmartDrive. The AonSmartDrive measured safety program is launching in the United States, the United Kingdom and ... 

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Aflac Incorporated to Present at The William Blair & Company's 28th Annual Growth Stock Conference

Published - 06/13/2008 12:00 AM

COLUMBUS, Ga./PRNewswire-FirstCall/ -- Aflac Incorporated (NYSE: AFL - News) announced today that it will make a presentation at the William Blair & Company's 28th Annual Growth Stock Conference. Chairman and Chief Executive Officer Daniel P. Amos will represent Aflac Incorporated, and he is scheduled to make a presentation ... 

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Martin Durant Promoted to Executive Vice President and Deputy CFO; Sue Blanck Promoted to First Senior Vice President of Aflac Japan

Published - 06/03/2008 12:00 AM

COLUMBUS, Ga., June 1 /PRNewswire-FirstCall/ -- Aflac Incorporated announced today that Martin A. Durant III has been promoted to executive vice president and deputy chief financial officer. Susan R. Blanck has been promoted to first senior vice president of Aflac Japan. Both promotions are effective June 1, 2008. Durant first joined ... 

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Martin Durant Promoted to Executive Vice President and Deputy CFO; Sue Blanck Promoted to First Senior Vice President of Aflac Japan

Published - 06/02/2008 12:00 AM

COLUMBUS, Ga., June 1 /PRNewswire-FirstCall/ -- Aflac Incorporated announced today that Martin A. Durant III has been promoted to executive vice president and deputy chief financial officer. Susan R. Blanck has been promoted to first senior vice president of Aflac Japan. Both promotions are effective June 1, 2008. Durant first ... 

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Citi may cut 650 UK jobs in loan business revamp

Published - 05/20/2008 12:00 AM

LONDON (AP) -- Citigroup Inc. will close two of its British personal loan operations and could cut more than 650 jobs, the embattled banking giant said Monday. Citi UK said that as of Wednesday, it will stop offering loans through its Future Mortgages and CitiFinancial arms, which deal mainly in subprime ... 

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EX-CEO Of AIG Greenberg:Holders Need 2 Weeks Before AGM Mtg -CNBC

Published - 05/13/2008 12:00 AM

NEW YORK -(Dow Jones)- Maurice R. Greenberg, the former chief executive of American International Group Inc. (AIG), said Monday in a CNBC interview that AIG shareholders need at least two weeks to digest the slew of information about the company's dismal earnings performance before the annual general meeting is held. Criticizing ... 

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