Bethesda-based ICP, a life insurance settlement and premium finance broker, evaluated the viability and continued ownership of life insurance policies owned by X-Rite that were placed upon the lives of X-Rite founders who are no longer involved with the company.
“We have worked with many companies before in selling buy-sell agreements as well as key executive [...]
A provider of business services and financial products to the small and medium-sized business market, today announced it has been added to the Russell Microcap Index according to the list of newly reconstituted Russell U.S. and global equity indices on June 27, 2008.
Russell indices are widely used as benchmarks for both active and passive investment [...]
Jack Henry & Associates Inc., which sells computer systems to financial institutions, said Tuesday it is divesting its insurance agency outsourcing business to the division’s management team and a private equity group.
The financial terms of the deal were not disclosed. Other details, such as the names of the managers who are serving as buyers in [...]
The downgrade means some of the risks taken on by Radian Asset Assurance will be re-captured by customers. That means the unit will need less capital to support its remaining obligations, Radian explained.
Mortgage insurers are under pressure as slumping house prices increase claims. That’s sparked concern that some companies in the business may have to [...]
Oregon-based LTC Global Inc. has completed its acquisition of American Insurance Agency Inc., a life and health insurance agency based in Lebanon.
Mike Beckman, principal of American Insurance Agency, has joined the LTC Global group of companies as Regional Manager of the annuity division.
The acquisition represents LTC Global’s first strategic expansion of its annuity distribution network [...]
YOUNG people risk paying more for health insurance if they opt out of private cover to take advantage of Medicare reforms and decide later to return to the private system.
In tomorrow’s budget, 2 million people will be exempt from a Medicare surcharge of at least $600, prompting Australian Health Insurance Association chief executive Michael Armitage [...]
Leading economist Henry Ergas said the increase would reduce the number of healthy people taking out private health insurance, leaving the insurers with a customer base of older and high-risk members.
“It wouldn’t take much change in the size of the pool of new customers, if you got a deterioration in the composition of their risk, [...]
All insurers require customers to pay the first part of any claim – usually ￡50 or ￡100 – to weed out trivial and frivolous claims. However, some customers are finding there is a sting in the tail: premiums can rise sharply at renewal simply because they have had the temerity to make a claim.
The figures [...]
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 [...]
April 6 may have been a Sunday, but it was a big day for UK business. Although chief executives
and directors may have spent a relaxing day away from the office, their companies could find
themselves on the receiving end of a string of new prosecutions for fatal accidents that occur in
the work place as a result [...]
