| //04-03-2009 |
The Bahamas’ insurance industry is a strong one and will remain "that way;" this despite the downturn in the economy and what is happening with CLICO (Bahamas) Limited, according to one of the country’s leading businessmen.
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| //04-03-2009 |
Twelve of about 60 Michigan automobile insurance companies have agreed to freeze auto rates for the next 12 months, following a thinly veiled threat by Gov. Jennifer Granholm to fully investigate any proposed rate increases.
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| //04-03-2009 |
LANSING -- Just 12 auto insurance companies are planning to freeze their premium rates for the next year in Michigan. Another 95 are not agreeing to the rate freeze, which was asked for by Governor Granholm.
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| //03-03-2009 |
On the same day that AIG reported a mind-numbing $61.7 billion loss for the latest fourth quarter, it also received a promise from the U.S. government for a $30 billion infusion in new funding (marking the fourth time the government has come to the insurer's aid). The government also loosened the terms on the rescue funds it provided during its three earlier bailouts.
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| //03-03-2009 |
By easing the terms of its $150 billion rescue package for the American International Group, the government is trying to buy time for the financial conglomerate to slim down and reinvent itself as a simple property and casualty insurer, with a new name, new faces in the boardroom and perhaps an initial public offering in its future.
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| //03-03-2009 |
Dozen auto insurance companies say they'll freeze rates for a year
The announcement comes after Gov. Jennifer Granholm called on all insurance companies operating in Michigan to freeze rates while the Michigan legislature works to enact automobile insurance reform.
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| //02-03-2009 |
CANBERRA March 2 (Reuters) - Australia will tighten regulation of life insurance companies to close a loophole which allows non-operating holding companies in the sector to avoid full oversight, the government said on Monday.
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| //02-03-2009 |
Wracked by turmoil in the credit markets, insurance giant records massive loss. U.S. amends rescue plan to help insulate financial system.
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| //02-03-2009 |
Local hospital administrators applauded President Barack Obama for putting health care front and center in his budget proposal. But they said they need to see more details and worry that, given the dire state of the economy, the changes could be hard to implement.
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| //27-02-2009 |
EMC Insurance Group Inc. (EMCI:EMC Insurance Group Inc
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4:00pm 02/26/2009
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EMCI 18.10, -0.81, -4.3%) today reported operating income of $0.42 per share for the fourth quarter ended December 31, 2008, compared to $0.39 per share for the fourth quarter of 2007(1). Operating income for the year ended December 31, 2008 was $1.05 per share, compared to $2.91 per share for the same period in 2007.
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| //27-02-2009 |
American International Group Inc. may hand its faltering business insuring corporate clients to the government, shedding the division that was previously intended to be the core of the firm after a U.S. rescue, a person familiar with the situation said.
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| //27-02-2009 |
Two government bailouts apparently have not been enough to keep one of the world's biggest insurance companies from again teetering on the brink of collapse.
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| //26-02-2009 |
Almost everyone right now is looking for the best deals that they can find in every aspect of their lives. Everyone wants to save money. People are especially concerned about finding affordable health insurance.
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| //26-02-2009 |
IHI provides an explanation on how those hit hardest with the downturn in the economy can access affordable options in healthcare coverage.
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| //26-02-2009 |
The Farmers’ Mutual Insurance Company of Dug Hill, based in Manchester, Md., is merging into Windsor-Mount Joy Mutual Insurance Co. of Ephrata, Pa., according to a report from A.M. Best, the ratings service.
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| //24-02-2009 |
China’s insurance regulator plans to allow insurers to buy unsecured corporate notes for the first time to spur economic growth and development of the debt market, according to an official at the agency
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| //24-02-2009 |
1919 The AIG companies were one of the very few U.S. companies to have their origins in China when their founder, C.V. Starr, formed American Asiatic Underwriters in Shanghai.
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| //24-02-2009 |
ATLANTA -- Policyholders who feel their insurance companies intentionally paid less on their claims than was due could soon have another tool in trying to seek justice if a bill by Rep. Doug McKillip becomes law.
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| //23-02-2009 |
As AIG looks for cash to repay a $60 billion taxpayer loan, one option stands out as a potential way to rake in billions: the sale of American Life Insurance Company, or Alico, a consistent star performer in AIG’s vast constellation of insurance subsidiaries
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| //23-02-2009 |
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