Under the agreement, American Family Life Assurance Company of Columbus- best known as Aflac- has paid a $700,000 fine, which goes to the State School Fund. Insurance departments in Missouri, Minnesota and Idaho launched an extensive market conduct examination of numerous Aflac business practices. In addition to Missouri’s fine, Aflac pays $700,000 in fines to…
Newswires
Hub International Limited, a leading global insurance brokerage, will be hosting a complimentary, educational webinar through the Hub International Risk Services division, on best practices for businesses to protect their workers by reducing or eliminating fall hazards. Presenters on the call include Tom Heebner, Risk Consultant of Hub Risk Services, and…
In the UK, over 1500 claims for whiplash are made per day– 570,000 per year- costing the car insurance industry £2 bn per year in payouts. Robin Reames, chief claims officer at AXA motor insurance says:“ The insurance industry pays out billions each year in whiplash claims and as an organisation we have been working hard to bring down these costs including a…
Founded by tycoon Li Yonghui, AutoChina is based in the hardscrabble northern Chinese city of Shijiazhuang and says it has 512 branches and has leased more than 33,000 trucks since it launched in 2008. In an interview with The Associated Press, Li seems genuinely puzzled by his company’s predicament. A probe of AutoChina by the Securities and Exchange…
Gilman Law LLP, a Florida law firm with more than three decades of experience protecting consumers’ rights, is offering its assistance to any Florida property owner seeking help with an insurance claim stemming from Tropical Storm Debby. Florida property owners in need of assistance are urged to contact Gilman Law LLP as soon as possible, especially if they…
On June 28, 2012, Matson, Inc., formerly known as Alexander& Baldwin Holdings, Inc. entered into an Assignment, Assumption and Release Agreement with Bank of America, N.A. and Matson Navigation Company, Inc. pursuant to which Matson Nav. assigned to the Company and the Company accepted the assignment of all of Matson Nav.’ s rights, interests, duties, obligations and…
United Insurance Holdings Corp., a property and casualty insurance holding company, today announced that its Board of Directors has appointed industry veteran Jay K. Williams as its Vice President of Marketing. Mr. Williams has over 30 years of executive experience in all aspects of the insurance industry, serving most recently as President of Bankers…
On June 28, 2012, KR MML 12701, LLC, a subsidiary of Kilroy Realty Corporation and Kilroy Realty, L.P., entered into a Loan Agreement with Massachusetts Mutual Life Insurance Company for a $97,000,000 secured loan. KR MML 12701 owns an approximately 272,000 rentable square foot office complex located at 2211 Michelson Drive, Irvine, California and an…
Farm Bureau Insurance of Tennessee ranks highest among auto insurance providers in the Southeast Region in the J.D. Power and Associates 2012 U.S. Farm Bureau Insurance of Tennessee is the trade name of the Tennessee Farmers Insurance Companies, a single-state operation headquartered in Columbia, Tenn. Farm Bureau Insurance is the largest writer of…
New York Life, America’ s largest mutual life insurer, today announced that Fitch Ratings and A.M. Best have affirmed the company’ s highest possible ratings for financial strength. Last month, Fitch affirmed its AAA financial strength rating on New York Life, its highest possible rating, and A.M. Best affirmed the company’ s financial strength rating of A++, its…
July 05– Two months afterward, Davison County is still wrapping up details from the May 5 hail storm. Kiepke said Claims Associates, the county’s insurer, has estimated the county’s net vehicle losses at $71,395. The May 5 hail storm also affected the Central Electric Cooperative Building at 1420 N. Main St. The county has tentatively set Aug. 1 as the closing date for…
So said President Obama in a June 8 press conference. Every day since, in TV ads paid for by Mitt Romney and a phalanx of political committees purporting, falsely, to be independent, he’s been pilloried for saying so, and for being out of touch with our economic troubles. But my fellow citizens, I am here to say on this July 4, as we celebrate the 236th anniversary of our…
FICO, the leading provider of analytics and decision management technology, today announced that Huatai Property Insurance of China has selected FICO’s insurance fraud protection solution to reduce losses from auto insurance claims fraud, while accelerating claims processing and improving customer service. The choice of FICO represents the first…
The Wells Fargo International Group, part of Wells Fargo& Company, announced today that A. Ramon Espinosa has been appointed head of Quantitative Research for its Foreign Exchange Risk Management Group. Addressing the foreign exchange needs of middle market and large corporate customers, Wells Fargo provides companies with risk identification, hedging…
HONG KONG, July 5, 2012/ PRNewswire/– AXA, a leader in the global health insurance industry, has launched a new Medical Insurance plan in Hong Kong to compete with more traditional International medical insurance products currently existing in the local market, according to Globalsurance, an expert in the international insurance industry.
Document Number: “Docket ID FEMA-2012-0003; Internal Agency Docket No. SUMMARY: This notice lists communities where the addition or modification of Base Flood Elevations, base flood depths, Special Flood Hazard Area boundaries or zone designations, or the regulatory floodway, as shown on the Flood Insurance Rate Maps, and where applicable, in the supporting…
July 05– Three unions have agreed to health insurance changes expected to save the Altoona school district $300,000. “We’re just happy all the groups came to the table voluntarily,” schools Superintendent Connie Biedron said. ” The district is beginning to draft its budget for the upcoming school year, and Biedron said the $300,000 savings on insurance will…
The Olympics will provide the UK with a much-needed boost to the economy and businesses need to prepare themselves for the opportunities and risks they will bring. The additional visitors and general buzz in the UK will be coupled with added strain on transport, extra demand for services, and supply issues which could mean a headache for business owners if they…
John H. Spooner was charged with first-degree intentional homicide in the May 31 shooting in the 1900 block of W. Arrow St. He has pleaded not guilty. Simmons’ mother, Patricia Larry, who Milwaukee police say witnessed her son’s death, sued Spooner and his home insurer last week. The same attorneys who represent Spooner on the criminal case, Franklyn Gimbel and Steven…
