AIA Group Ltd, Asia’s No.3 insurer and about one-third owned by American International Group Inc., may bid for the $6 billion Asian insurance operations of ING Groep, sources said, with the prospective sale expected to draw heavy interest from rivals. …
The cruise ship industry faces an uphill task to restore confidence among customers spooked by images of the stricken Costa Concordia flipped on its side in Italian waters on Monday and could suffer a hit to sales in a key …
National Hurricane Center Director Bill Read, who took over the forecasting agency during a time of turmoil and leaves it much calmer, announced Saturday he will retire effective June 1. Read, 62, said he never intended to stay in the …
Federal legislation aimed at curbing online piracy, which had appeared to be on a fast track for approval by Congress, appears likely to be scaled back or jettisoned entirely in the wake of critical comments over the weekend from the …
A former Minot, N.D. insurance agent has been sentenced to prison and ordered to pay nearly $1.2 million in restitution for wire fraud. Alan Henning, 58, pleaded guilty on Aug. 24, 2011, to charges that he diverted premiums for his …
Gov. Dennis Daugaard has announced that his administration will not pursue legislation to establish a health insurance exchange during this year’s South Dakota’s legislative session. In a news release, Daugaard says there is too much uncertainty right now to recommend …
Homeowners insurance premiums in Louisiana remain among the nation’s highest, but are rising much more slowly than they did in the first two years after Hurricane Katrina, new data from by the National Association of Insurance Commissioners show. Louisiana remains …
The board of Southwestern Insurance Information Service has elected Sandra Helin as president of the organization effective March 1. Helin will succeed Jerry Johns who will be retiring March 1, 2012. A 13-year veteran of SIIS, Helin previously served as …
Houston-based HCC Insurance Holdings Inc. announced the merger of Pioneer General Insurance Co. (PGIC) with and into American Contractors Indemnity Co. (ACIC), both of which are wholly owned subsidiaries of HCC. The merger was effective Dec. 31, 2011, and all …
The board of directors of Louisiana Workers’ Compensation Corporation (LWCC) has elected its officers for 2012. They are: Donald T. “Boysie” Bollinger, chairman; Murphy J. “Mike” Foster, Jr., vice chairman; and James N. “Jim” Hall, secretary. Aubrey T. Temple, Jr., …
