India Company Alleged to Have Falsely Used Aetna Brand to Sell Unlicensed Insurance: The Insurance Regulatory and Development Authority of India said it has uncovered an unregistered insurance company marketing health insurance policies ...
Date: 3/19/2010 Source: BestWire
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Ace Consolidates Nonlife Units in Taiwan: Ace Ltd. [058303] has merged its two nonlife insurance units in Taiwan to integrate the previously separate property/casualty and accident/health businesses ...
Date: 3/19/2010 Source: BestWire
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To Preserve Profits, Medicare Advantage Plans Turn to Medical Management: To preserve profits, Medicare Advantage health insurance plans must focus on medical management as President Barack Obama and Democrats in Congress try to ...
Date: 3/19/2010 Source: BestWire
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Kentucky Governor, Senate Committee Want KEMI to Share Its Wealth: Kentucky's quasi-public workers' compensation insurer is fighting attempts to force it to surrender 40% of its $154 million surplus in the form of rebates to ...
Date: 3/18/2010 Source: BestWire
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Highmark Sues Pa. Insurance Department Over Its Examination of Blue Cross and Blue Shield Companies: Highmark Inc. has sued the Pennsylvania Insurance Department, saying the regulator has overstepped its legal authority in its examination of the state’s Blue ...
Date: 3/18/2010 Source: BestWire
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FM Global CEO: Insurance Losses are Preventable, Not Inevitable: FM Global, the mutual commercial property insurer founded by the owner of a textile mill in 1835, still operates under the same philosophy it did 175 years ...
Date: 3/18/2010 Source: BestWire
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U.S. House Reviewing Another Short Extension of NFIP, COBRA and Doc Pay: Though the U.S. Senate recently passed a bill that would extend several insurance-related federal programs until the end of the year, a House lawmaker has ...
Date: 3/17/2010 Source: BestWire
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AIG Issues Subpoenas Against Competitors in Workers' Comp Dispute: American International Group Inc. has begun sending out subpoenas to workers' compensation competitors in an ongoing legal dispute in which AIG is attempting ...
Date: 3/17/2010 Source: BestWire
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Former RIMS President Lance Ewing Joins Chartis: Lance J. Ewing, a former vice president of risk management for Harrah's Entertainment and past president of the Risk and Insurance Management Society, has ...
Date: 3/17/2010 Source: BestWire
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Plan to Privatize Oklahoma's Workers' Comp Company Put on Hold: The legislative author of the push to privatize the state-established workers' compensation company, CompSource Oklahoma, said the effort doesn't have the ...
Date: 3/17/2010 Source: BestWire
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Preferred Guardian President: Wholesale Program for Agents Looking to Supplement Income: Preferred Guardian Insurance, an independent agency based in Texas, has opened a wholesale division and two agencies are the first to participate in the ...
Date: 3/17/2010 Source: BestWire
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CEO of Blue Cross Blue Shield of Massachusetts Resigns: The president and chief executive officer of Blue Cross Blue Shield of Massachusetts has resigned.
Cleve Killingsworth left the company on March 15 ...
Date: 3/16/2010 Source: BestWire
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Low-Cost Insurance Option Continues Growth in California: California's Low Cost Automobile Insurance program saw its highest monthly enrollment in three years, continuing a surge in participating drivers.
The ...
Date: 3/16/2010 Source: BestWire
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Starr Indemnity, Chubb Enter Workers' Compensation Underwriting Pact: Starr Indemnity & Liability Co. Inc. and Chubb & Son have entered into an underwriting agreement for workers' compensation coverage.
Chubb & Son, a ...
Date: 3/16/2010 Source: BestWire
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U.S. Financial Reform on Fast Track; GOP Requests Slower Approach: The U.S. Senate's financial reform bill is scheduled for a March 22 markup session, where lawmakers will make potential modifications to its deep list of ...
Date: 3/16/2010 Source: BestWire
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Massachusetts Warns Car Dealers to Steer Clear of Insurance: The Massachusetts Division of Insurance warned car dealerships to steer clear of the insurance business in a bulletin issued in response to complaints from ...
Date: 3/16/2010 Source: BestWire
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Court: Lloyd's on Hook for Stanford's Legal Costs -- for Now: A federal court decided that Lloyd's will -- until further notice -- have to pay for the legal fees of R. Allen Stanford, the Texas financier accused by the ...
Date: 3/16/2010 Source: BestWire
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Update: Prudential Becomes Top U.S. Seller of Variable Annuities in 2009: (Corrects fourth-quarter industrywide sales to show 4.2% decline from same period a year ago.)
For the first time ever, Prudential Financial Inc. in ...
Date: 3/16/2010 Source: BestWire
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Prudential Becomes Top U.S. Seller of Variable Annuities in 2009: For the first time ever, Prudential Financial Inc. in 2009 became the No. 1 seller of variable annuities in the United States, according to Morningstar. ...
Date: 3/16/2010 Source: BestWire
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Chile Quake Losses Appear to Have Strong Reinsurance Backing: International specialist insurer Hiscox Ltd. said initial combined estimates of its losses from the earthquake in Chile and Europe's Windstorm Xynthia are ...
Date: 3/16/2010 Source: BestWire
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