American International Group Inc. turned down JPMorgan’s attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly stemming from soured …
The Risk and Insurance Management Society Inc. (RIMS) says pay-disclosure regulations created by the New York Insurance Department do not go far enough to protect consumers. The group urged the department to reopen a period of public comment on the …
The UK-based RSA Insurance Group plc has agreed to acquire Oman-based Al Ahlia Insurance Company SAOC for OMR 19 million (£31 million – $48.36 million) from ONIC. RSA said “Al Ahlia is the third largest insurer in Oman, with gross …
A Florida appeals court has reversed a $12 million verdict against a Miami archdiocesan high school previously found liable for the injuries of a student who survived a drunken driving crash. Archbishop Coleman F. Carroll High School students Gabriel Maynoldi …
Health insurer WellPoint Inc. defended its rate hike of up to 39 percent for certain California customers as Democrats latched onto the increase to press their case for overhauling the U.S. healthcare system. The controversy comes as Democrats struggle for …
Property/casualty insurer Fremont Michigan InsuraCorp, Inc. said it expects to report record results for the fourth quarter and confirmed it pans to expand into neighboring Wisconsin. The company said it expects to report total direct premiums written in the range …
South Carolina senators are considering banning teens under 18 from driving while holding a cell phone to their ear. A Senate Judiciary subcommittee was set to debate the bill this week. It is among six bills in the Legislature this …
Dallas-based Towerstone Inc., a wholesale insurance broker and managing general agency, announced that Rachel Blais, Jennie Conditt, J.B. Hill, Amy McCarty and Ryan Taylor have joined the company. Conditt is an assistant vice president focused on sales for contract underwriting …
Wells Fargo Insurance Services has named Charles Delich branch manager for its office in Colorado Springs, Colo. Delich is responsible for leading the service and sales teams in Colorado Springs, including a focus on customer service and relationship development, performance …
Louisiana Insurance Commissioner Jim Donelon has declined to approve a rate request filed by State Farm Fire and Casualty Company that would have raised homeowners insurance rates by a statewide average of 19.1 percent. State Farm filed the rate revision …
