Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable providers, according to a new survey. The survey conducted in August by Colorado-based Market …
American International Group Inc is set to close the institutional book for the $15 billion AIA Group IPO two days ahead of plan, amid signs the IPO has been swamped by orders from traditional funds and high-profile Chinese investors. A …
The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s second-largest float this year. Bailed out insurer …
The Everest Re Group’s Board of Directors has announced that Joseph V. Taranto has accepted its request to reconsider his decision to retire and will remain as Chairman and CEO through December 31, 2012. At the same time the Board …
Hospitals are not entitled to place liens on insurance benefits paid by insurers to third party service providers, the Tennessee Supreme Court has ruled. The case involved a man, Kevin L. Holt, who was injured in a car crash in …
Coverage denials of individuals based on their medical histories by the nation’s top for-profit health insurance companies rose by nearly half in recent years, U.S. lawmakers said Tuesday. The findings raise questions about industry practices before a law to prevent …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Cayman Islands-based Greenlight Reinsurance, Ltd. ,both with stable outlooks. The ratings of Greenlight Re are based on its “excellent risk-adjusted capitalization, …
Reinsurance specialist Guy Carpenter & Co., LLC, a part of the Marsh & McLennan Cos., has formed a dedicated Florida business unit. The new unit, based in Tampa, will address the complex needs of Florida-based companies and the Florida insurance …
Insurance brokerage and risk management firm Integro has acquired ReSource Intermediaries, Inc., a reinsurance advisory and brokerage firm based in San Francisco. The move paves the way for New York-based Integro to become a reinsurance broker in the U.S., according …
Five more insurers have reached settlements with the state of Massachusetts over allegations they charged inflated premiums for motorcycle insurance, the state’ attorney general said. The latest settlements with Arbella Mutual, Hanover, OneBeacon (Mass. Homeland), National Grange Mutual and Norfolk …
