Zurich Insurance Group AG is selling its entire stake in New China Life Insurance Co. for $943 million, or HK$25 a share, according to the terms of the deal obtained by Bloomberg News. Switzerland’s biggest insurer is offering 292.5 million …
The world is getting further off track in limiting global warming with setbacks in Japan and Australia outweighing positive signals from the United States and China, a study showed on Wednesday. A Climate Action Tracker compiled by scientists said the …
Allianz SE, Europe’s biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit. “New products such as cyber-risk protection and coverage for …
A day after Tower Group International Ltd. disclosed “substantial doubt about the company’s ability to continue as a going concern,” the insurer’s CEO issued a letter seeking to reassure business partners that it will meet its obligations, Carrier Management has …
Texas Mutual Insurance Co. reported that a Travis County district court sentenced Terrance Hopkins of Tyler on workers’ compensation fraud-related charges. The court sentenced Hopkins to one year of deferred adjudication and ordered him to pay $3,673 in restitution to …
Residents of a flood-prone area battered by Superstorm Sandy are getting a financial lifeline, with New York state officials announcing a plan to buy all 129 homes in a New York City neighborhood sandwiched between a tidal marsh and the …
Hundreds of homes were flattened by the outbreak of intense late-season thunderstorms accompanied by high winds, quarter-to-baseball sized hail, and dozens of tornadoes that swept across the Midwest on Nov. 17, according to catastrophe modeling firm AIR Worldwide. Tornadoes were …
The Texas incidence rate of nonfatal injuries and illnesses in private industry was 2.7 cases per 100 equivalent full-time workers in 2012, below the national rate of 3.4, the Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC) reported. …
Heffernan Insurance Brokers named Zach Catanese assistant vice president in its Orange County, Calif. office. Catanese will focus on new business development for all commercial lines. He has a background as a marketing representative for a national insurance carrier. Catanese …
Access Home Insurance Co. (Access Home) announced it has received authorization to assume nearly 10,000 policies and more than $19 million in premium from Louisiana Citizens Property Insurance Corp., the state’s property insurer of last resort. The policies which will …
