BB&T has a subsidiary already selling insurance in California — McGriff, Seibels & Williams — and plans to put the head of its Irvine office in charge of San Diego-based UnionBanc Insurance after the deal. BB&T will shut down UnionBanc Insurance offices in San Rafael and Roseville and consolidate them into other offices in Stockton [...]
First-quarter net income at SeaBright Insurance Holdings Inc. rose to $10.9 million, or 52 cents per diluted share, from $10.1 million, or 48 cents per share a year earlier.
Revenue rose to $64.2 million from $54.9 million in 2007.
Analysts polled by Thomson Financial Network expected first-quarter earnings for the Seattle insurer of 49 cents and revenue [...]
April 15 has passed, but taxes remain on the minds of most Americans, with politicians promising static, higher or lower amounts during election cycles to impress various constituencies.
While taxes impact many areas of life, one area that is often not well understood is the relationship between taxes and life and disability income insurance. Here I [...]
Gov. Charlie Crist is marching into the final days of the legislative session hoping to bring home his one priority that can’t fall victim to state budget reductions.
His health insurance proposal doesn’t cost the state a cent, which means it can’t be cut by bean counters frantically looking for savings. But the issue has forced [...]
As the premiums for motor insurance remain unchanged, there are some risk-underwriting firms which still show reluctance, albeit occasionally, to Group Dental Insurance provide motor cover in violation of rules.
According to sources in the insurance industry, people with complaints about companies not renewing motor insurance policies are often those whose vehicles have been involved in [...]
The crash in the stock market has left an impact on the life insurance industry also.
Private sector market leader ICICI Prudential has reported just a 20 per cent rise in new Business Property Insurance retail business weighted premiums during March, 2008, and a 40 per cent rise for the quarter ended March 2008.
That has dragged [...]
The National Consumer Commission has asked insurance companies to stop “coercing” their consumers to Business Liability Insurance accept claims determined by them.
“An officer of the insurance company cannot harass the consumer by compelling to sign a voucher and accept whatever amount of reimbursement is offered by the insurance company in full and final settlement of [...]
When Karen Knee filled out an online application for health insurance four years ago, she scanned her address book and her memory.
She wrote down the names and numbers of her doctors and Business Insurance listed her recent health history — antidepressants after a death in the family, a normal Pap smear and a bladder infection.
She never [...]
ROYAL Bank of Scotland risks triggering fund-manager opposition if it goes ahead with a mooted idea of selling its insurance arm as well as an expected rights issue worth between ￡10 billion and ￡12bn, experts said yesterday. The fear that asset sales at RBS might include the profitable insurance business in order to boost [...]
State insurance regulators say Allstate hasn’t done a good job of explaining why it should be permitted to sell new policies in Florida.
Business Liability Insurance In a response filed Wednesday in the 1st District Court of Appeal in Tallahassee, the Florida Office of Insurance Regulation asked the court to uphold a suspension of Allstate’s authority [...]
