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Insurance News

Insurance news continually updated from thousands of sources around the net.

1 hr ago | Canada.com

Success of 'Made in Canada' deals bodes well for Manulife

Manulife Financial Corp.'s $4-billion acquisition of Standard Life Canada may not have garnered much of a positive response from investors, but at least one analyst is suggesting the market is overlooking a key aspect related to the deal. Scotiabank's Sumit Malhotra considers the purchase a positive for Manulife because it adds bulk to its group businesses and consists of lower-risk operations.

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Related Topix: Manulife Financial

5 hrs ago | Forbes.com

Northwestern MutualVoice: The Benefits Of Buying Life Insurance When You're Still Young

Northwestern Mutual has helped clients achieve financial security for more than 155 years. The company offers a comprehensive approach to financial planning, offering risk management solutions and investment services.

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Related Topix: Northwestern Mutual, Investment Services, Marketing, Milwaukee, WI

7 hrs ago | Insurance Journal West

House Passes Measure to Ease Insurance Capital Standards Under Dodd-Frank

The Federal Reserve would get more flexibility to set separate capital standards for systemically important insurance companies under legislation passed by the U.S. House of Representatives. The measure, adopted yesterday as part of a package of changes to the Dodd-Frank Act, would let the Fed treat insurers such as Prudential Financial Inc. and MetLife Inc. differently than big banks in imposing safeguards demanded by the 2010 law.

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Related Topix: MetLife, Prudential Financial, Susan Collins, US Politics, US News, US Senate, Republican, Home, Mortgage, Personal Finance

8 hrs ago | This Is Lancashire

Widow calls for more research over 'asbestos cancer' following death of postman husband

THE grieving partner of a kind-hearted postman who died of a deadly asbestos cancer will join other victims in the fight for more research. Terence McCarthy had been fit and healthy all of his life but when he fill ill with a suspected chest infection, doctors gave him a devastating diagnosis.

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Related Topix: Health, Mesothelioma

10 hrs ago | WHTC

USDA chief says urged Buffett to ready BNSF for re...

U.S. Agriculture Secretary Thomas Vilsack met with Warren Buffett last week to urge the billionaire investor to make sure his BNSF railroad is ready for an expected record corn and soy harvest this year. Vilsack said on Tuesday that Buffett, who heads the sprawling conglomerate Berkshire Hathaway, recognized the challenge and indicated his company was taking steps.

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Related Topix: US News, United States Department of Agriculture, Tom Vilsack, Warren Buffett, Construction, Berkshire Hathaway , Berkshire Hathaway, Empire Group, Investment Services

Tue Sep 16, 2014

The Washington Post

U.S. Stocks Rally as Energy Shares Gain While China Funds Banks

U.S. stocks advanced, erasing early losses, as rising oil prices spurred a rally in energy shares and China's central bank reportedly started providing about $81 billion in loans to its biggest banks. Health-care stocks added 1.3 percent to lead gains among all 10 of the main industries in the Standard & Poor's 500 Index.

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Related Topix: Financial Markets, Humana, Stephens, Investment Banking, Financial Services, Gaming, Wynn Resorts, Chatham, NJ, Science / Technology

Sys-Con Media

Storage Tanks Present Environmental Risks for Owners and Operators

ACE Group today released an advisory discussing the current and emerging challenges faced by underground storage tank business owners and operators. The new report examines specific changes in state and federal regulations, increased financial responsibility requirements and presents comprehensive strategies to better manage these risk exposures.

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Related Topix: ACE

Insurance Journal West

Encode Disaster Resilience in the Global Financial System: Willis Re Chairman

"Disaster resilience should be encoded into the global financial system," said James Vickers, Chairman of Willis Re International, in an interview at the Reinsurance Rendezvous in Monte Carlo. "It's a big opportunity for the insurance industry."

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The Wichita Eagle

Humana board OKs $2 billion in share repurchases

Humana's board of directors has replaced the health insurer's share buyback plan with a bigger authorization for $2 billion in repurchases. The Louisville, Kentucky, company said Tuesday that the new authorization expires Dec. 31, 2016.

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Related Topix: Humana, Louisville, KY

Business Journal

Brown & Brown plans debt issue

Brown & Brown plans to issue senior notes, using at least some of the proceeds to pay off existing debt.

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Related Topix: Brown and Brown Insurance, US Securities and Exchange Commission, Financial Services

Wall Street Journal

Opinion: Nevada Gets Musked

Charles Munger, vice chairman of Berkshire Hathaway, the other day described Silicon Valley billionaire Elon Musk as a "genius." Maybe he was alluding to the Tesla CEO's cunning ploy to mine subsidies from Nevada taxpayers.

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Related Topix: Business Wire, Construction, Berkshire Hathaway , Startups, Berkshire Hathaway, Empire Group, Investment Services, Opinion

Mon Sep 15, 2014

Business Insurance

Saudi Arabia tops the opportunity index of global insurance industry, says Aon Benfield

Saudi Arabia leads the country opportunity index in Aon Benfield Group Ltd.'s 2014 Insurance Risk Study, followed by Ecuador and Singapore, reports Saudi Gazette. Aon Benfield said the property/casualty industry achieved a global underwriting profit in 2013, adding that property/casualty premium volume is likely to grow 18% in the next five years to $1.6 trillion by 2018.

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Brandon Sun

Most actively traded companies on the TSX

B2Gold Corp. . Miner. Down seven cents, or 2.99 per cent, to $2.27 on 7.4 million shares.

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Related Topix: Microfinancial, Food, Leasing, Financial Services, Maple Leaf Foods, Smart and Final, Retail, Manulife Financial, Canadian Natural Resources, Energy, Oil & Gas

Customer Interaction Solutions

FireEye unveils CREATE programme for insurance industry [ITP.net (United Arab Emirates)]

Via Acquire Media NewsEdge) FireEye Inc, a provider of security solutions that stop today's advanced cyber-attacks, has announced the Cyber Risk Evaluation and Threat Engagement programme, addressing insurance brokers' and underwriters' critical need to gain visibility into enterprises' exposure to cyber threats. The company said Lockton Inc, the largest privately held, independent insurance broker in the world, will serve as the CREATE programme's inaugural partner.

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Related Topix: United Arab Emirates, Middle East, World News

GlobeNewswire

Navigators Launches New Cyber Liability & Privacy/Data Breach...

The Navigators Group, Inc. today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., has launched a new Cyber Liability & Privacy/Data Breach Coverage product called "NAVSecure ," providing pre- and post-breach solutions to cyber liability and privacy/data breach events in response to heightened demand. "Cyber security is front-page news and every day we read about another business or government agency that has fallen prey to new, complex and increasingly sophisticated cyber crime," said Stuart M. Kohn, Vice President of the Specialty Professional Liability division and Cyber Liability & Privacy/Data Breach Coverage practice leader.

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Related Topix: Navigators Group Inc The, Privacy

Sys-Con Media

Global Mobile Phone Insurance Industry Database

As device vendors intensely compete by launching new and unique Smartphone models, insurance companies are heavily capitalizing on device specific insurance plans. With global revenues of over in 2013, the industry is set to grow at a CAGR of 17 % over the next five years.

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The Columbus Dispatch

Nationwide reorganizes to focus on single brand

The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to subscribers before 6 a.m. every day.

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Related Topix: Financial Services, Nationwide Financial Services, Investment Services

Sun Sep 14, 2014

Investopedia

Falling Giant: A Case Study Of AIG

What was once the unthinkable occurred on September 16, 2008. On that date, the federal government gave the American International Group - better known as AIG - a bailout of $85 billion.

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Related Topix: American International Group, Economics News, Bankruptcy, Home, Mortgage, Foreclosures

Business Journal

411 building's new owner unveils extensive renovation plans: Slideshow

Riverview Realty Partners of Chicago recently invited heavy-hitters from Milwaukee's brokerage community to see the planned renovations to the 30-story downtown 411 office tower. They are the first details Riverview Realty unveiled about its commitment to spend $17.5 million upgrading the building.

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Related Topix: Milwaukee, WI, Northwestern Mutual, Menomonee Falls, WI

Worcester Telegram & Gazette

Campaign broadens to make Worcester 'The City That Reads'

The organizers of a soon-to-kick-off communitywide literacy initiative believe that it takes a village - a city, in this case - to most effectively put the spotlight on the importance of daily reading. "20 minutes, every child, every day" is the motto of the new Worcester: The City That Reads campaign, which shares its name with a long-running book drive started by School Committee member John Monfredo.

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Related Topix: Hanover Insurance, Marketing

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