Insurance News

Mexican and Canadian stocks are returning the least in 14 years versus the Standard & Poor's 500 Index, a break from a history of matching or beating the benchmark gauge since the countries formed a free-trade agreement in 1994.

While the results are awaited of the public consultation on amendments to the Insurance Companies Ordinance for the establishment of an Independent Insurance Authority , provisional statistics have been released showing that the total gross premiums of the Hong Kong insurance industry in 2012 amounted to HKD255.2bn , an increase of 13.0% over 2011.

After weeks of negotiations, California said it has selected 13 health plans for a new state-run insurance marketplace where as many as 5 million people will shop for coverage next year.

As the Moore, Okla. area works to assess the damage and recover from the deadly F5 tornado, thousands of people from throughout the country are asking to help.

While bond insurers MBIA Inc and FGIC Corp receive the lion's share of Ally Financial Inc's $2.1 billion contribution to the debts of mortgage lender Residential Capital LLC, hedge funds like Paulson & Co may have obtained a better deal.

Gary Delgado learned last week from a note slipped under his door that the rent for his two-bedroom apartment at Manhattan's Stuyvesant Town will jump by $920 to $4,220 a month in July.

Principal Financial Group says it has agreed to transfer ownership of its Principal Wellness business to a Rockville, Md.-based company focused on improving employee wellness programs.

* A board member at Italy's troubled lender Monte dei Paschi di Siena is being investigated over allegations of breaking insider trading rules and has been suspended, a judicial source said on Wednesday.

As Oklahoma communities grapple with the devastation caused by this week's deadly tornadoes, the financial impact from the loss of homes and other property remains unclear.

The downturn across euro zone businesses eased slightly this month, although a lack of new orders means the bloc's economy is likely to contract again in the second quarter, business surveys showed today.

China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.

It could be weeks before an accurate picture emerges on the extent of the damage.

In a letter to senior members of Congress, Attorney General Eric Holder writes that in addition to the targeted assassination of cleric Anwar al-Aulaqi, since 2009, three other U.S. citizens - Samir Khan, Abd aI-Rahman Anwar al-Aulaqi, and Jude Kenan Mohammed - were also killed in "U.S. counterterrorism operations" though they "were not ... (more)

Participation rates and deferral rates among participants in 403 plans rose last year vs.

MetLife Inc. is merging an offshore reinsurance unit with three of its U.S. subsidiaries in Missouri, Connecticut and Delaware.

Brown & Brown Inc. agreed to buy Beecher Carlson Holdings Inc., the Tampa Bay Business Journal reports.

Mary Alice Forbes, judge of elections for the 1st Ward, left, and Francis Baker, judge of elections for the 2nd Ward, in the photo above, set out voter ballots from a locked box this morning at the Knights of Columbus hall in McSherrystown in preparation for primary election voters.

Telematics devices installed in cars could reward more cautious Alberta drivers with lower insurance rates.

CEDAR Document Technologies will exhibit at the 2013 Insurance Accounting & Systems Association Educational Conference & Business Show from June 2 - 5, 2013 at the Gaylord National Resort & Convention Center in Washington, DC.

A former University of Virginia lacrosse player convicted of killing his ex-girlfriend is being sued by American International Group Inc.