Canada’s Sun Life Financial and Malaysian state investor Khazanah will buy 98 percent of Aviva Plc’s Malaysian insurance joint venture with lender CIMB for C$586 million (US$593.6 million). Sun Life and Khazanah will each pay C$293 million [US$296.8 million], the …
Tower Group announced that it has received all required insurance regulatory approvals for its merger agreement with Canopius Holdings Bermuda Limited (CHBL). In addition the bulletin said that Tower Group “is restating its reports issued on Form 10-Q for the …
A Chicago City Council committee has preliminarily approved settlements in two police misconduct cases that would cost the city nearly $33 million, including $22.5 million for a California woman that apparently would be the largest payout to a single such …
An Indiana House committee on Jan. 15 backed a two-year extension of temporary outdoor stage rigging regulations developed following the deadly 2011 State Fair stage collapse. The House public safety committee voted 11-0 to send to the full House the …
Insurance Commissioner Jim Donelon announced that insurance policyholders across the state received an additional $6.4 million in payments during 2012 by requesting assistance from the Louisiana Department of Insurance (LDI). The recovered funds result from insurance claims disputes in which …
David Brandeis has been named chief operating officer for Monterey, Calif.-based Strongwood Insurance Holdings, while Larry Oslie was promoted to executive vice president of business development and Laura Dubois was made executive vice president of account management services for Networked …
The New Jersey shore town of Bradley Beach came through Superstorm Sandy in better shape than many of its neighbors that sustained serious to catastrophic damage from the waves and storm surge.A major reason: Bradley Beach had protective sand dunes …
While tornadoes and hailstorms were pounding their way through the Dallas/Fort Worth area last year, consumers had confidence that their insurance companies would be there to help with repairs to their cars, homes and businesses, according to a survey commissioned …
Metropolitan Property & Casualty Insurance Company (Met P&C) — a unit of MetLife — has settled allegations in Massachusetts concerning auto insurance surcharge premiums. It was alleged that the insurer failed to refund surcharge premiums to some auto policyholders after …
State Farm Fire and Casualty Co. resolved its dispute against former Penn State assistant football coach Jerry Sandusky over the insurer’s homeowners coverage. At issue was whether State Farm would be obligated to pay for any defense costs or awards …
