As expected, the U.S. House of Representatives agreed with a Senate a measure extending the federal flood insurance program for 60 days until July 31. President Obama is expected to sign the legislation into law before the current authorization for …
Sun Life Financial Inc. said Thursday it would form a joint venture with Vietnam’s PVI Holdings that will allow Sun Life to sell insurance products in the South Asian country. Sun Life, Canada’s No. 3 life insurer, said it will …
Britain’s No.1 insurer Prudential Plc on Thursday said it will buy life insurer SRLC America Holding Corp. from Swiss Re AG for 398 million pounds in cash. It said the purchase would be made through Prudential’s U.S. subsidiary Jackson National …
Executives at financial firms would no longer be able to buy insurance to protect themselves against compensation clawbacks or civil penalties under legislation introduced on Wednesday by U.S. Representative Barney Frank. The bill, Frank said, is aimed at protecting the …
The world’s biggest trade credit insurer, Euler Hermes, has suspended cover for exporters shipping to Greece because of the mounting risk of them not being paid in the event the debt-laden nation is forced out of the euro. “Euler Hermes …
San Diego, CA, 5/31/12 – Investigation Solutions, Inc., the special investigations subsidiary of American Claims Management, Inc., recently investigated a highly suspicious personal auto claim, which ultimately led to multiple arrests. The intense scrutiny to which the investigations company applies …
A bill aimed at ending double payments for spinal surgery devices passed state Senate resoundingly on Wednesday and is now on its way to Assembly. Senate Bill 959 will save taxpayers tens of millions of dollars per year, according to …
Lou Savage, Oregon’s interim insurance commissioner for the past seven months, has been appointed to the position, replacing Teresa Miller, who left in November, 2011 to accept a position with the federal government. “After an extensive search, ultimately, I was …
Insurance Commissioner Dave Jones on Tuesday issued a decision on the Workers’ Compensation Insurance Rating Bureau’s July 1 pure premium rate filing that was submitted in April. Jones approved new advisory pure premium rates that average $2.49 per $100 of …
The House of Representatives is expected to go along with a 60-day reauthorization of the federal flood insurance program already approved by the Senate. A vote will come on an amendment to H.R. 5740, the National Flood Insurance Program Extension …
