American Family Insurance’s Teen Safe Driver Program, which uses a mobile video and online notification system to help parents monitor and assess their teens’ driving habits, has been selected as the recipient of the 2008 E-Fusion Award, the A.M. Best Company announced.
The Teen Safe Driver Program is a voluntary driving safety feedback system used by [...]
The Markit iTraxx Crossover index widened to more than 1,000 basis points, a first for the index of 50 below-investment grade companies since it started trading in 2004.
About 40% of companies in the index are trading upfront, meaning the institutions that sell protection against a company reneging on its debt are demanding an initial payment [...]
Some state officials are trying to decide whether all college students should be required to have health insurance.
A 2008 survey indicates that 18% of residents between 18 and 34 are uninsured, the highest rate in the state.
Jim Davis, director of Utah State’s Student Health and Wellness Center, says only a small percentage of students can’t [...]
The purchase of Atlanta-based ZC, which covers homes for builders, lenders and real-estate brokers, is one of four announced by QBE today. Two other deals involve U.S. companies and another is in Europe, according to a statement by the Sydney- based insurer.
Chief Executive Officer Frank O’Halloran is expanding coverage of specialty products as he seeks [...]
Munich Re AG, one of the world’s largest reinsurers by gross premiums, said Tuesday it is eyeing parts of American International Group Inc.’s Asian life insurance assets.
Ludger Arnoldussen, a board member at the German insurer, said Munich Re would be interested in buying AIG’s assets in the “strongly emerging areas in Asia,” which would exclude [...]
Commenting on the third quarter results, Yinan Hu, Chairman and CEO of CNinsure Inc. stated, “We are pleased with our operating results during the third quarter of 2008, despite the slowdown of business activities during the Olympics Games and the implementation of the new regulation issued by the China Insurance Regulatory Commission (CIRC) which tightens [...]
UnitedHealthcare’s Golden Rule Insurance Co. has launched a new portfolio of health insurance plans for individuals and families in Florida and 19 other states.
The Indianapolis-based company’s new product includes new coinsurance and deductible choices, a 24-month rate guarantee option, preventive coverage for health savings account plans, a new HSA plan with coinsurance and monthly direct [...]
Dr. Joe Esposito has been a surgeon for nearly two-thirds of his 56 years, and is a member of one of the state’s largest privately owned, multispecialty physician groups.
He has one word for state Insurance Commissioner Joel Ario, who in late January is expected to make the final decision concerning the largest insurance deal in [...]
A Jamestown woman who reported her car stolen was arrested Nov. 12 when investigators linked the vehicle to a hit-run crash in Buffalo two hours prior to the time the woman said she last saw the car.
Christine Cook, 35, was arrested by Depew police after an investigation by David Hahn of the Frauds Bureau of [...]
THE GOVERNMENT’S move to protect people over 50 from having to pay a steep increase in their health insurance bills received a conditional welcome from Labour Party health spokeswoman, Jan O’Sullivan, but she said more details were needed before a final judgment could be made.
She said the scheme had to be introduced because of the [...]
