Insurance
AIG: Chinese consortiums eye AIA takeover
At least four consortiums made up of private Chinese investors have approached US insurance giant AIG to acquire its Asian unit AIA, a Hong...
Aon to buy Hewitt for $4.9 billion, creating HR giant
Aon Corp, the world's largest insurance brokerage, said Monday it will buy Hewitt Associates Inc for $4.9 billion in cash and stock to create...
Car insurance premiums soar by 14%
The cost of car insurance soared by 14% during the second quarter as insurers raised their prices in a bid to return to profit,...
Court: Insurance rates can reflect credit scores
Insurance companies can use a person's credit report to determine rates, the Michigan Supreme Court said Thursday in declaring that state regulators exceeded their...
Health provider partners may face privacy fines
U.S. companies that partner with hospitals and other health providers could face steep fines if they disclose private patient information under a new federal...
Health insurance : Health secretary Kathleen Sebelius urges insurers to plug gap
Health Secretary Kathleen Sebelius, who has bashed insurers over rate increases, is seeking their help in making medical coverage accessible for more patients in...
Car insurance : Three travel tips for your rental car insurance
If you're driving a rental car this summer, watch out: you might not have the insurance coverage you think you do.
While most states require...
New British venture eyes state-rescued bank assets
A new venture is being launched to compete for acquiring retail banking assets bought by the British government at the height of the financial...
Aegon Ireland launches new range of protected funds
Aegon Ireland has launched six new protected funds aimed at advisers who have clients interested in some form of equity exposure while maintaining a...
Export insurance: Euler Hermes to launch a new service to major exporters
The specialist of credit insurance Euler Hermes announced on Tuesday a new service through a new department dedicated exclusively to major exporters.
With a...
Pension deficit hits £100 billion, deficits could increase by a further £40 billion over next year
Pension deficits have ballooned to the £100 billion landmark but the knock-on effects of the austerity measures announced in the Budget are likely to...
Jail for Lindsay Lohan after violating probation
Troubled Hollywood starlet Lindsay Lohan sobbed and pleaded in court but a judge still slapped her with 90 days in jail for violating probation...
Travel Insurance : BIBA awarded for the new personal travel insurance Policy
The British Insurance Brokers’ Association (BIBA) has won the Commercial Initiative award at the prestigious Trade Association Forum Best Practice Awards.
BIBA in conjunction with...
Health insurance : 32,000 lives could be saved with colonoscopy
Around 32,000 lives could be saved each year if people over 50 got regular colorectal cancer screening as recommended, the US Centers for Disease...
Maiden Holdings announces agreement to acquire GMAC International Insurance Services
Maiden Holdings, Ltd today announced that it has entered into a definitive agreement to acquire the majority of the reinsurance-related infrastructure, assets and liabilities...
Aon/Albert G. Ruben celebrates 50 years of innovation in the entertainment industry
Aon/Albert G. Ruben, the world's leading insurance broker for the entertainment industry, today celebrates its 50th anniversary. A half-century ago, Albert G. Ruben had...
BP oil spill costs soar above 3 billion dollars
BP's costs over the Gulf of Mexico oil spill soared Monday above three billion dollars, while a giant Taiwanese ship provided hope of revolutionizing...
Insurance brokers under threat from huge increase in cost of regulation
The recent invoices received by members from the FSA for the 2010-11 fees and levies have highlighted the inequality of the current funding of...
CEIOPS elected a new Vice-Chair and his Managing Board members
The Committee of Insurance and Occupational Pensions Supervisors (CEIOPS) held elections last friday to appoint two new Managing Board members and is pleased to...
Unemployment insurance : Falling jobless fails to quell US recovery fears
The US unemployment rate fell to 9.5 percent last month as more than half a million people abandoned the job hunt, fueling doubts about...
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