Yearly Archives: <span>2014</span>

Zurich CFO’s Widow Rejects Insurer’s Report on Suicide; Zurich Defends Probe

The widow of Zurich Insurance’s late finance chief on Wednesday rejected a report into his suicide, telling the Swiss company’s annual shareholder meeting she could not accept the findings of an investigation into his death. Zurich Insurance defended the report …

Alibaba’s Grand Vision for E-Commerce Empire Includes Insurance

Alibaba, the world’s biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country’s services industry, adding new users to the giant’s 300 million customers. Joe Tsai, …

UN Climate Chief Calls For ‘Urgent Transformation’ of Oil, Gas to Green Energy

The U.N.’s climate chief called on the oil and gas industry on Thursday to make a drastic shift to a clean, low-carbon future or risk having to leave three-quarters of fossil fuel reserves in the ground. “The time for experimentation, …

Starr Hall is Keynote Speaker at 2014 IMCA Annual Conference

Top Marketing and Insurance Leaders Scheduled To Share Expertise and Insights June 22-24 in San Diego SAN DIEGO, CA – April 3, 2014 – Starr Hall, Chief Strategy Officer and President, Agency LEAD North America, will be the keynote speaker …

Ratings Roundup: Malayan Insurance, China Taiping, Energas

A.M. Best has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Philippines-based Malayan Insurance Co., Inc. (MICO), both with stable outlooks. The ratings reflect MICO’s “solid risk-adjusted capitalization, prominent business profile in …

U.K. Financial Markets Watchdog Under Fire for Insurance Leak

The U.K.’s top financial conduct watchdog’s first birthday today was marred by complaints from the government and lawmakers about its handling of a leak that sent shares in insurance companies tumbling last week. The Financial Conduct Authority’s private briefing to …

Texas Windstorm Insurer Sued for Passing on Ike Costs to Policyholders

A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008. Ramiro Gamboa filed the lawsuit on …

Bill to Make Cancer Drugs More Affordable Passes Wisconsin Senate

Chemotherapy pills that cancer patients can take at home would be more affordable under a bill that the Wisconsin Senate passed on April 1 – the last planned meeting day of its two-year session. The oral chemotherapy bill was one …

Final Report on Joplin Tornado Highlights Communication, Building Standards

A federal agency’s final report about its technical investigation into the 2011 Joplin tornado calls for nationally accepted standards for building design and construction, and public shelters and emergency communications that the group says can significantly reduce tornado deaths. The …

Hilltop Holdings Inc. to Acquire SWS Group

Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment and financial services through subsidiaries. SWS Group is also headquartered …