The Alliance of American Insurers is expressing disappointment with revised privacy regulations from the California Department of Insurance. “The California Department has ignored ample legal and public policy testimony, and persists in seeking adoption of a privacy regulation that conflicts …
Four insurance companies have been suspended from doing business in Colorado due to hazardous financial conditions. The companies, Fremont Indemnity Company, Fremont Compensation Insurance Company, and Fremont Pacific Insurance Company (all part of the Fremont General Corporation) have been suspended …
The California State Senate convened on Tuesday to consider a bill that would, without constitutional authority or sound reason, ban an insurance company from owning or investing in auto body repair shops. “It is not within the Legislature’s constitutional jurisdiction …
Morgan Stanley raised its rating for St. Paul Cos. and XL Capital, identifying the two stocks as underpriced as the insurance market prospers with higher premium rates. St. Paul was raised to “equal-weight” from “underweight.” XL Capital was raised to …
St. Paul, Minn.-based Securian Financial Network Inc., a subsidiary of the Minnesota Mutual Companies Inc., announced a partnership with Esurance Inc. to provide Securian’s financial clients with online access to personal automobile insurance through Esurance. The partnership will include joint …
Royal & SunAlliance USA, the Charlotte, N.C.-based member of the Royal & Sun Alliance Insurance Group plc, announced that Steve Mulready will replace Terry Broderick, who is retiring, as president and CEO. Mulready will assume his new duties June 30. …
Financial Keyosk of Carpentersville, Ill., a provider of personal and commercial financial services products, is now licensed to sell property and casualty insurance in 47 states in the continental U.S. The firm also is licensed to sell life and health …
Bancinsurance Corporation . a specialty insurance holding company located in Columbus, Ohio, completed the purchase of 560,000 common shares from various members of the Si Sokol family (280,000 shares), the Saul Sokol family (30,000 shares) and the Milton Lustnauer, Sr. …
According to several news reports, Norway’s largest financial institution, DnB Holdings, which is 47 percent government owned and includes Den Norske Bank, is seeking to acquire Storebrand ASA, the country’s largest insurer. DnB acquired a 10 percent stake in Storebrand …
AXIS Specialty Limited, the newly formed Bermuda-based insurer, announced that it has received Irish Government approval to commence business as an insurer and reinsurer from its European headquarters in Dublin, Ireland. The Company, established by MarshMac’s Trident II investment trust, …
