British insurer Prudential will try to reassure investors it can seamlessly absorb the Asian arm of AIG next week when it publishes the prospectus for a record $21 billion cash call to fund the takeover. With shareholders broadly backing the …
Zurich Financial Services announced that, based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200 million before tax. Zurich added that the estimate is “net of reinsurance recoverable and includes reinsurance reinstatement …
In a response to reports that the International Monetary Fund (IMF) is planning a new levy on all financial institutions, not just banks, Kerrie Kelly, the Director General of the Association of British Insurers issued a stament opposing the initiative. …
Anthem Blue Cross has again put a planned rate hike on hold. The Los Angeles-based health insurance company said this week that policyholders will not see a rate change beginning May 1. A spokeswoman for Anthem’s parent, Wellpoint Inc., Kristin …
The Insurance Industry Charitable Foundation Western Division based in Walnut Creek, Calif., announced it has awarded and distributed more than $175,000 in grants to 23 community nonprofits in its first quarter. The Western Division focuses its grant making in four …
Rubicon Insurance Services has moved to a new office in San Francisco. According to the company, the move to 150 California Street, Suite 225, San Francisco, marks the first step in the company’s 2010 expansion.
The Florida Senate has got its property insurance reform bill back on the track for the final week of the legislatuve session. After his bill became hung up in debate by amendments last Thursday, Sen. Garrett Richter ironed out some …
“The insurance industry is not as quick to adapt to change as other industries,” but independent insurance agents need to acknowledge that having “a Web presence is non-negotiable,” said Michael LaRocco, president and CEO of Fireman’s Fund Insurance Companies. “Forecasting …
San Diego, CA, 04/26/10 – American Claims Management, Inc. (ACM) announced a new business relationship with SPARTA Insurance Company (SPARTA). Effective March 1, 2010, ACM began handling claims nationally for SPARTA’s Commercial Auto, General Liability and Property programs written through …
As an unexpected volcanic ash cloud continues to threaten the supply chains of countless businesses around the globe, Zurich introduces its Supply Chain Insurance and Supply Chain Risk Assessment products to the North American marketplace. “Whether it’s a volcanic eruption …
