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Employers Face 10.5 Percent Health Care Cost Increases
Health care costs are expected to increase on average 10.5 percent in the next 12 months,(1) according to Aon Consulting, the global human capital...
Lloyds cuts 200 jobs in general insurance division
Lloyds Banking Group, 43 percent owned by the government, will cut 200 jobs in its general insurance division by the end of January in...
Aviva’s back-up service to be expanded to health insurance
Aviva today announced that their award winning Back-Up service is now available to its individual and small group private health insurance customers. This decision...
AXA to launch its 2009 employee share offering
As each year, the AXA Group offers to its employees, in and outside of France, the opportunity to subscribe to shares issued by way...
Admiral announces profit before tax up 5% for H1 2009
Admiral achieves another record half year profit coupled with continued good growth. Profit before tax at £105.3 million was 5% ahead of H1 2008,...
AIG wins dismissal of $1 billion workers comp lawsuit
American International Group Inc (AIG.N) won dismissal of a federal lawsuit accusing the troubled insurer of fraudulently shortchanging state workers' compensation pools out of...
Beware on the roads due to a busy bank holiday
A busy bank holiday is predicted on the nation’s roads as music fans from across the country prepare for one of the busiest festival...
Pandemic (H1N1) – Recommended use of antivirals
The World Health Organisation is today issuing guidelines for the use of antivirals in the management of patients infected with the H1N1 pandemic virus.
The...
Last day for Aviva policyholders to vote on the insurance giant’s £500m payout offer
About 215,000 policy holders with the Aviva insurance company have been given extra time to accept a special payment.
They will now have until 21...
New motor insurance agreement between Toyota, Aioi and Fortis
Fortis (Insurance, UK) today announced that it had entered into exclusive discussions with Toyota (GB) PLC and its insurance partner in the UK, Aioi...
Lloyd’s North America appoints New President : Hank Watkins
Lloyd’s, the world’s leading specialist insurance market, announced today that Hank Watkins has been appointed as its new President, North America.
Hank will be responsible...
Fortis first-half net profit fell 38%
First-half net profit fell 38% as the economic downturn increased loan losses and pressured margins.
Chairman Jan van Rutte said loan losses and unpaid mortgages...
Tesco to create 800 jobs in Scotland
Tesco, the supermarket chain, announced the opening of a customer service centre in Central Glasgow with more than 800 jobs in personal finance.
The Scottish...
AIG sued by policyholders over Madoff
AIG was sued on Wednesday by two California residents who said their homeowner insurance policies entitled them to coverage on losses from Bernard Madoff's...
Aviva launches ‘Street to School’ programme in India
Aviva, today, announced the launch of its ‘Street to School’ programme in India working in partnership with CRY and Save the Children India. The...
New CEO Robert Benmosche change AIG’s restructuring plan
Robert Benmosche, the newly appointed chief executive of AIG, has started to cut up the insurer's restructuring plan, deciding it is better to hold...
Russian Hydro Power Plant accident could cost $200 million
The number of victims of Sayano-Shushenskaya Hydro Power plant (HPP) accident increased. The remaining 64 people are still missing, Sergey Shoygu, Russian Emergency Situations...
Allianz reports H1 profits in fall
Allianz UK has released its financial results for the first six months of the year.
Gross Written Premiums up 2.9% over same period in 2008
...
Three men did the largest hacking with 130 million credit card details stolen
Three men were indicted on Monday for allegedly stealing more than 130 million credit and debit card numbers in what U.S. authorities said they...
New AIG CEO Robert Benmosche will Get $7M Annual Salary
AIG (American International Group) said Monday that it agreed to pay new Chief Executive Robert Benmosche an annual salary of $7 million. The compensation...
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