The ACE Group of insurance and reinsurance companies has agreed to acquire 100 percent of Jerneh Insurance Berhad, a general insurance company in Malaysia that is majority owned by Jerneh Asia Berhad, which is listed on Bursa Malaysia Securities Berhad. …
International insurers seeking a bigger share of the potentially lucrative Gulf market need to adapt quickly to regulatory changes and tap into growth areas like Islamic finance or risk being muscled out of consolidation. With a penetration rate of around …
An insurer specializing in pricey properties is moving into North Carolina with a particular eye toward coastal real estate. Privilege Underwriters Reciprocal Exchange (PURE) offers its homeowners insurance policies for homes worth more than $1 million. Policyholders share the risks …
Insurers have new incentives to go green, thanks to a new law signed by California Gov. Arnold Schwarzenegger. AB 1011, authored by Assembly Dave Jones, who is running for Insurance Commissioner, requires the state Department of Insurance to collect data …
Insurers in California will now be required to disclose cancellation penalties —prior to or concurrent with an application for insurance — thanks to legislation recently signed by Gov. Arnold Schwarzenegger. Previously, the law stated that an insured was entitled to …
Surplus line insurers should not be subject to California Constitution Section 28 taxes to the state, according to a California Court of Appeal decision that notes that these nonadmitted insurers already pay surplus line premium taxes. The conflict arose when …
Palmer Miller Nelson, Keystone Insurers Group Palmer Miller Nelson Insurance Agency Inc. (PMN) of Columbus, Ohio, has become Keystone Insurers Group’s 24th franchise partner in Ohio. In business since 1855, PMN was the first agency appointed by Ohio Farmers Insurance …
Amid growing concerns about the legal practices of mortgage lenders, Old Republic National Title Insurance told agents Friday it would stop insuring homes foreclosed by JPMorgan Chase & Co., The New York Times reported Saturday, citing a company memo. Old …
Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance Regulation petitioned the Ingham County Circuit Court to compel …
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 auto insurance providers, according to a new survey. The survey conducted in August by …
