Georgia Insurance regulators are heading up a multistate investigation of ING subsidiary Life Insurance Co. of Georgia, after finding evidence the company had systematically charged higher, race-based premiums to African-American customers. Georgia Insurance Commissioner John Oxendine told the Wall Street …
Timothy J. Klahs has been appointed vice president of investor relations for American Skandia Inc. Klahs will develop and execute a U.S. investor relations strategy for American Skandia, one of the nation’s leading providers of variable insurance products and the …
Crash tests conducted by the Insurance Institute for Highway Safety on vehicles with side airbags show that a great number of the approximately 10,000 Americans killed in side-impact collisions could be saved if the safety devices were installed in more …
An Aurora, Ill., businessman was sentenced Wednesday to six years in prison for fraudulently claiming everything from a flood to lightning damage to his homes and businesses. According to a Chicago Tribune report, James Karonis, 38, was sentenced by DuPage …
Japan’s Financial Reconstruction Commission approved the license application of Hartford Life Ins. Co. KK, The Hartford’s Japanese subsidiary, to sell variable annuities. Hartford immediately announced that effective today Nikko Securities, Japan’s second largest securities firm, would begin offering its annuity …
The American Council of Life Insurers added its weight behind government proposals put forth in Geneva at the current World Trade Organization Conference on Financial Services. The industry seeks to have rules adopted which would assure that financial services, including …
Even as battered Britain was cleaning up the damages caused by severe floods in October, a new combination of heavy rain and high tides threatened Wales and the Southwest; the Severn river crested at over 14 1/2 feet, higher than …
A report from the French Federation of Insurance Companies, and an analysis of the French non-life sector from Standard & Poor’s both show that lingering problems from last year’s devastating windstorms, and new worries about climate change, are adversely affecting …
The Windsor Gardens Convalescent and Rehabilitation Center, a nursing home located in San Diego, Calif., was recently shut down by the California Department of Health Services. Officials indicated they will request the California Attorney General’s office of Medi-Cal Fraud and …
Rates for employer stop loss medical insurance will rise significantly again next year as the health reinsurance marketplace continues to stabilize, according to executives with Cairnstone Re, an underwriter and medical management firm. The company said it expects to see …
