Insurance Industry News

Over the past months some members of Congress have released a bewildering array of proposals for national health care reform, one of which, HB 3962, recently passed the House of Representatives. Those

A.M. Best Affirms Ratings of The Allstate Corporation and Its Subsidiaries - 5 Hours ago

OLDWICK, N.J.--(Business Wire)-- A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of 'aa-' of Allstate Insurance Group (Allstate)and its

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A.M. Best Assigns Ratings to Queen`s Island Insurance Company, Ltd. - 5 Hours ago

OLDWICK, N.J.--(Business Wire)-- A.M. Best Co. has assigned a financial strength rating of A+ (Superior) and issuer credit rating of 'aa-' to Queen's Island Insurance Company, Ltd. (Queen's Island) (Hamilton,

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HCC Announces Intent to Redeem 1.3% Convertible Notes - 5 Hours ago

HOUSTON, Nov. 20, 2009 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that it had notified the trustee for its 1.3% Convertible Notes of its intent to redeem the remaining

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State Auto Insurance Group Named Indiana Company of the Year - 5 Hours ago

COLUMBUS, Ohio--(Business Wire)-- The State Auto Insurance Group has been named 2009 Company of the Year by the Independent Insurance Agents of Indiana (IIAI). According to the IIAI, this award recognizes

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Devine Leaves Aon Risk Services, Launches 1World Sports - 105 Minutes ago

New Organization Dedicated to Bringing Sports to Kids around the World PRNewswire CHICAGO (NYSE:AOC) CHICAGO, Nov. 20 /PRNewswire-FirstCall/ -- Aon Corporation, the leading global provider of risk services

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Insurance: photographic evidence is vital when making a flood claim - 7 Hours ago

The Telegraph Media Group's Personal Finance Editor, Ian Cowie, advises the best course of action for those affected by the recent floods. A picture really is worth a thousand words when it comes to claiming

Aon Corp. Says President Of Aon Risk Services Ted Devine Resigns With Immediate - 9 Hours ago

(RTTNews) - Aon Corp. (AOC: News ) announced that its President Ted Devine will be leaving the firm effective immediately, and the position of President will not be replaced. The company stated that Devine

Swiss insurers call for simpler solvency regulation - 10 Hours ago

* Rules need to be in line with international standards * Swiss insurers want better access to EU markets ZURICH, Nov 20 (Reuters) - Switzerland's insurers need local regulation to be harmonised with

UPDATE 1-Conseco unit's coinsurance deal to hit its earnings - 11 Hours ago

* Unit to coinsure about 237,000 policies with Wilton Re * Deal to raise co's capital ratios * Sees Q4 $30 mln pre-tax deferred cost of reinsurance Nov 20 (Reuters) - Insurer Conseco Inc (CNO.N) said

Sun Life Financial completes issue of innovative Tier 1 securities - 10 Hours ago

TORONTO, Nov. 20 /PRNewswire-FirstCall/ - Sun Life Financial Inc. (TSX/NYSE: SLF) announced today the successful completion of the Canadian issue of $500 million principal amount of Sun Life ExchangEable

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The J. M. Smucker Company Announces Record Second Quarter Results and Increases - 13 Hours ago

ORRVILLE, Ohio, Nov. 20 /PRwireFirstCall/ Net sales increased 52 percent led by Folgers Margins Net income more than doubled EPS up 26 percent, up 21 percent excluding charges Cash from operations

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Deutsche Bank Life Insurance Fund in Hot Water - 13 Hours ago

Some say Deutsche Bank misled investors in a fund which hoped to profit from deaths in the US. Two Deutsche Bank funds were designed to profit from premature deaths in the US by buying up life insurance

Car Insurance Premiums to Rise Next Year - 22 Hours ago

Insurance companies are planning to raise car insurance premiums starting next year, citing their high loss ratios. Industry sources say most insurers are also looking to tighten policies, requiring drivers

Newfoundland Power Declares Dividends on Series A, B, D and G First Preference Shares - 6 Hours ago

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Nov. 20, 2009) - Newfoundland Power Inc. has declared regular quarterly dividends on its Series A, B, D and G First Preference Shares as follows: 1.

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Florida Approves Rate Hikes for Citizens Property Insurance - 3 Hours ago

Citizens Property Insurance Corp., Florida's state-run insurer of last resort, won approval to raise rates for its high-risk, wind-only accounts. Florida Insurance Commissioner Kevin McCarty approved

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6 nonlife insurers' profits grow - 5 Hours ago

(The Yomiuri Shimbun - McClatchy-Tribune Information Services via COMTEX) -- TKOMF | Quote | Chart | News | PowerRating -- The country's six biggest nonlife insurers announced Thursday large year-on-year

Transamerica Insurance & Investment Group Launches iPipeline's iGO e-App for Life - 7 Hours ago

iPipeline, a provider of on-demand software that supports marketing, selling, and processing solutions for insurance carriers, distributors and producers, announced that Transamerica Insurance & Investment

Nasdaq sinks after bearish broker note - 11/19/2009

By Ryan Vlastelica NEW YORK (Reuters) - U.S. stock index futures pointed to a lower open on Thursday after a bearish analyst comment on semiconductor stocks pressured the technology sector, even as data

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