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A.M. Best Affirms Ratings of CIGNA Life Insurance New Zealand Limited

December 29, 2009

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of…

China’s Aeon Life Cleared for Beijing Branch

December 29, 2009

Aeon Life Insurance Co. Ltd. has won approval to set up a new branch in Beijing, according to the China…

NAIC Releases Profitability Report

December 29, 2009

Contains Key Ratios on Profitability Results for P&C Insurance On Countrywide, State Basis WASHINGTON, D.C. (Dec. 28, 2009) — The…

Overture Acquisition Corp. Announces Record Date for Extraordinary General Meeting of Shareholders and Special Meeting of Warrantholders to Vote Upon the Proposed Transaction with Jefferson National Financial Corp. and to Approve the Warrant Amendment

December 29, 2009

GRAND CAYMAN, Cayman Islands–(BUSINESS WIRE)– Overture Acquisition Corp. (NYSE Amex: NLX) today announced that shareholders of record as of January…

Naicom Reads Riot Act

December 29, 2009

ONE perennial societal problem that seems to have defied solutions in Nigeria is the issue of fake insurance certificates. It…

Retirement Benefits – Programmed Withdrawal, Annuity Option – Challenges And Prospects

December 29, 2009

OBINNA CHILEKEZI 1.0 INTRODUCTION he essence of having an effective pension scheme is to enable the retired workers to enjoy…

My Priority is to Sanitise Agency System in Nigeria – Obuvie

December 29, 2009

Mr. Kingsley Obuvie is the new President, Association of Registered Insurance Agents of Nigeria (ARIAN). Mr. Kingsley Obuvie is the…

CPIC approved to acquire stake of Changjiang Pension Insurance

December 29, 2009

BEIJING, Dec 29, 2009 (Xinhua via COMTEX) — China Pacific Insurance Co., Ltd. (CPIC, 601601.SH) announced on Monday that it…

Insurance company to Gloucester: No coverage [Daily Press, Newport News, Va.]

December 28, 2009

Dec. 28–An attempt to collect $171,000 through insurance coverage to reimburse county coffers for legal fees racked up by four…

Imperial Sugar Settles $345 Million Insurance Claim

December 28, 2009

SUGAR LAND, Texas–(BUSINESS WIRE)– Imperial Sugar Company (NASDAQ:IPSU) announced that it settled the property insurance claim for the February 2008…

Amerigroup Plays Key Role in Fraud Conviction

December 28, 2009

VIRGINIA BEACH, Va., Dec. 28, 2009 /PRNewswire-FirstCall/ — Amerigroup Corporation today announced the successful conclusion of a key fraud case…

WellCare Health Plans Names Chief Executive Officer

December 28, 2009

WellCare Health Plans Inc. named Alec R. Cunningham, president of its Florida and Hawaii division, as its chief executive officer, effective Dec. 28. WellCare said Cunningham has substantial experience in government managed care.

Zurich Sponsors $225 Million Earthquake Cat Bond

December 28, 2009

Zurich Financial Services Group said its subsidiaries, Zurich American Insurance Co. and Zurich Insurance Co. Ltd., sponsored a three-year, $225 million catastrophe bond to protect the company from California earthquake losses. The excess-of-loss reinsurance protection from Lakeside Re II Ltd. replaces the expiring 2006 Lakeside Re Ltd. transaction, the company said in a statement.

N.Y. Orders Two Insurers to Offer Homeowners Renewals

December 28, 2009

New York State insurance regulators ordered two insurance companies to offer to reinstate 260 homeowners policies it says were improperly canceled or nonrenewed. Homesite Insurance Co. and Security Mutual Insurance Co. canceled policies on unoccupied homes and coastal area homes and prematurely nonrenewed others throughout the state, according to a department announcement.

Senior exec Karasawa to take helm of Mitsui Sumitomo Insurance [Kyodo News International, Tokyo]

December 28, 2009

Dec. 28–TOKYO — Mitsui Sumitomo Insurance Co. said Monday it has decided to promote Senior Executive Officer Yasuyoshi Karasawa to…

Insurance Industry Facing Uncertain Regulatory Environment, Competitive Shake-Up, Says PricewaterhouseCoopers Report – PricewaterhouseCoopers

December 28, 2009

The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the aftermath of the financial crisis, said PricewaterhouseCoopers LLP in a report released.

A toxic waste [The Indianapolis Star]

December 28, 2009

Dec. 27–The streets that run through Pearl J. Carter’s Near-Northside neighborhood are dotted with patches of property that, in a…

The Fayetteville Observer, N.C., Catherine Pritchard column [The Fayetteville Observer, N.C.]

December 28, 2009

Dec. 25–QUESTION: Is it true or false that there is a beautiful nativity scene on display inside the White House?…

WellCare Health Plans Names Chief Executive Officer

December 28, 2009

WellCare Health Plans Inc. named Alec R. Cunningham, president of its Florida and Hawaii division, as its chief executive officer,…

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