May 31– Lansing- based Jackson National Life Insurance said today that it plans to acquire SRLC America Holding Corp. from Swiss Re. SRLC is a life insurance business whose primary operating subsidiary is Reassure America Life Insurance Co.. Jackson, a subsidiary of Prudential plc of the United Kingdom, said the acquisition will diversify its earnings by…
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Travelers today announced it is introducing a wind credit for fortified homes in Texas that meet established standards designed to resist the impacts of tropical storm and hurricane winds. “I appreciate Travelers expanding this initiative in Texas,” said Commissioner Eleanor Kitzman of the Texas Department of Insurance.“ We know that mitigation works to…
Ryma Technology Solutions Inc., the leader in product management solutions, today named Hawthorn Consulting Group as the latest member of their Affiliate Partner Program. Based in suburban Chicago, Illinois, Hawthorn’ s consulting practice focuses on product development, marketing strategy, and product management for the insurance industry.
St. Petersburg, FL May 31, 2012. It also offers 100% Trip Cancellation, 150% Trip Interruption, $100,000 Emergency Medical, $500,000 Medical Evacuation and $25,000 Non-Medical Evacuation coverage. “Global Alert Preferred is attractively priced to customers looking for a high-level of Emergency Medical and Medical Evacuation coverage, while also including…
The National Oceanic and Atmospheric Administration forecasts this year’s Atlantic hurricane season could include four to eight storms that may strengthen into hurricanes…
Those of us in the health insurance industry enjoy a unique perspective on what keeps people healthy, or makes them unhealthy. Many things affect health, but three “big ones” are more likely than anything to ensure that we live long, healthy lives. What are the Big Three?
Studies show that the average lifespan for men is about seven years less than women, yet men are 80 percent less likely to regularly utilize health care…
Coverity, Inc., the development testing leader, announced today that Aviva, a leading international provider of insurance products and services, has selected Coverity development testing as part of its strategic software quality initiatives across its UK General Insurance Division in order to further enhance its customer experience.
A.M. Best Co. has downgraded the financial strength rating to B++ from A- and issuer credit rating to“ bbb+” from“ a-” of Armed Forces Insurance Exchange. The outlook for the FSR has been revised to stable from negative, while the outlook for the ICR is negative. The ratings of AFIE recognize its adequate, albeit reduced, capitalization and long-standing history as a…
Southport Lane, a New York- based private equity firm, through its subsidiary Lonestar Holdco LLC, has reached a definitive agreement with Dallas National Insurance Holdings to acquire 100% of Dallas National Insurance Company, a Texas based property and casualty insurer, founded in 2005. Terms of the deal were not disclosed. Southport Lane is a private equity…
Interweb Media Ltd, in partnership with Towergate Insurance, have recently redesigned and re-launched their Boat Insurance comparison website ProtectMyBoat.co.uk. John Tuckwell, Sales Director for Towergate Mardon says “Now that the warmer weather is here, many boat owners will be starting to think about taking their craft out of storage and preparing it…
Bala Cynwyd, PA May 31, 2012. PHLY is partnering with its sister company WNC First Insurance Services to offer this flood program. WNC Insurance Services will underwrite and administer the program.
Student health insurance costs at Clearwater Christian College, located in Representative C.W. Bill Young’s 10th Congressional District, are set to double this year. In a letter to students who will be affected by the cost hike, the College made it clear that the increase is due to the President’s health care reform law. A student at the College, Curtis Johnson,…
RENO, Nev., May 31, 2012– AMERCO, the holding company of U-Haul International Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, plans to report its fourth quarter and fiscal 2012 year-end financial results after the close of market trading on Wednesday, June 6, 2012. AMERCO is the parent company of Oxford Life and…
May 31– Calhoun County residents who speed, file lawsuits or face criminal charges will soon have to pay more to resolve their cases– court costs will increase between $15 and $45 under a new law aimed at raising money for the cash-strapped court system. House Bill 688, passed into law May 16, also levies new $35 fees on bail bonds and increases the face value of the…
Jackson will pay $621 million in cash for the business, subject to adjustment by application of customary purchase price mechanics to reflect the value of the business at closing. The purchase will be financed in its entirety from internal Jackson resources. Jackson, an indirect wholly owned subsidiary of the United Kingdom’ s Prudential plc, expects the…
Senate Passes Bill Requiring Coverage of Psychological Services, Pharmaceuticals for Autism Patients
A bill ensuring health insurance coverage for psychological or psychiatric services and pharmaceuticals associated with Autism Spectrum Disorders, or ASDs, has received support from the full Senate…
More than 13.5 million Americans are covered by Health Savings Account (HSA)-eligible insurance plans, a more than 18 percent increase since last year, according to a new census…
The California State Senate gave “thumbs up” to a bill that will give a windfall to personal injury lawyers at the expense of consumers and businesses, said the Association of California Insurance Companies. SB 1528 is sponsored by the Consumer Attorneys of California and, despite being amended into a substantive spot bill; the bill is intended to overturn the…
