The U.S. Justice Department has ruled that the proposed merger of health insurers WellPoint Health Networks Inc. and Anthem Inc. will not harm competition or consumers, leaving it up to state regulators whether the mega-deal will be allowed to go …
The Professional Insurance Agents of New Jersey Inc. has issued a bulletin commending the New Jersey Department of Banking and Insurance’s initiative to educate consumers through its new Auto Insurance Purchasing Planner. “The DOBI sought input from multiple trade associations, …
Pennsylvania Governor Edward G. Rendell, recently met with student representatives from the state’s eight medical schools and assured them that he shares their concerns about rising medical malpractice insurance costs. The governor reviewed his plan to guarantee that all Pennsylvanians …
The Professional Insurance Agents of Connecticut Inc. has issued an announcement indicating its opposition to House Bill 5547, which it says would “tamper with a section of Connecticut’s Insurance Law that provides important protections to many insurance agents and their …
New York’s Superintendent of Insurance Gregory V. Serio announced that New York City will host the 2004 Spring National Meeting of the National Association of Insurance Commissioners (NAIC) from March 13-16th. “The meeting will provide a valuable forum for the …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ counterparty credit and financial strength ratings and negative outlook on Amedex Insurance Co. S&P then said that it had withdrawn the ratings at the company’s request. “The ratings …
Arch Capital (UK) Ltd., a subsidiary of Arch Insurance Group (US), has appointed Hedley Blane as underwriting manager with the UK’s Executive Assurance team effective from 25 February. He joins Arch from ACE Europe where he was a senior underwriter …
Royal & Sun Alliance Group Plc., the U.K.’s second-largest general insurer, announced an operating profit of £140 million ($255 million), down from £226 million ($411 million) in 2002, a 38 percent drop. The result was at the low end of …
MBIA Insurance Corp., the world’s largest financial guarantor, announced it is opening a representative office of MBIA Assurance S.A. in Milan, Italy to meet growing market needs in Europe. Luigi Stefano Cuttica, a vice president, is in charge of the …
The Securities and Exchange Commission has launched a probe into possible market timing related violations by The Netherlands two insurance and financial services giants ING Group and Aegon. According to news reports from Reuters and Dow Jones Newswires, the two …
