American International Group Inc. agreed to sell its Asian life insurance unit to Britain’s Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the …
To protect policyholders, Golden State Mutual Life Insurance Co. has entered into a letter of intent with IA American Life Insurance Co. to negotiate a reinsurance agreement to transfer all in-force insurance policies of Golden State Mutual, the California Department …
The California Department of Insurance announced it will be implementing a 6 percent licensing fee rate reduction on July 1, 2010, including the fees paid by more than 300,000 liensed insurance agents, brokers and adjusters. The cost of renewing a …
Boston-based consulting firm Celent (a part of Oliver Wyman) has been assessing the “subtle but important differences in how insurers from various countries” respond to the issues facing the industry. It has just released a new report, “Insurance in France …
High percentages of minorities, foreign-born residents and college-aged people in Nebraska lack health insurance, according to new report. The Center for Public Affairs Research at the University of Nebraska at Omaha compiled the report based on U.S. Census data. It …
A newly published report from the Geneva Association, which analyzes the role played by “insurance in financial stability and its systemic relevance,” has concluded “that the core activities of insurers and reinsurers do not pose systemic risks due to the …
The Woodlands Financial Group, Inc. (TWFG), a retail and managing general agency headquartered in The Woodlands, Texas, has opened three new branch locations. Cal Nunnally opened a new branch location in Garland, Texas. Nunnally comes to TWFG with more than …
Democrats in the Kansas House demanded Feb. 24 that its Republican speaker remove himself and his law firm from a lawsuit against the state, threatening “formal action” if he doesn’t comply. Six Democrats sent a letter to Speaker Mike O’Neal, …
Connecticut-based insurance agency Gowrie has hired Farley Towse as a producer and insurance advisor in its Darien office. Towse will focus on advising clients throughout New England on their insurance needs, including home, auto, umbrella and yacht insurance. Prior to …
A proposal to sell Oklahoma’s workers’ compensation insurance agency could force businesses to pay higher rates and make the insurance unaffordable for new and high-risk employers, according to Attorney General Drew Edmondson. Edmondson, a Democratic candidate for governor, said he …
