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Insurance News

Insurance news continually updated from thousands of sources around the net.

2 hrs ago | Bloomberg

Gigante Said to Get Loan for Office Depot Mexico Purchase

Grupo Gigante SAB, a Mexican owner of office-supply stores, has lined up financing from Credit Suisse Group AG and Banco Bilbao Vizcaya Argentaria SA for its proposed takeover of Office Depot Inc.

Comment?

Related Topix: Office Equipment, Office Depot, Retail, Grupo Casa Saba SA De CV, Household Products, Credit Suisse Group, Banking, Financial Services, Banco Bilbao Vizcaya Argentaria SA, Banco Bilbao Viscaya Argentaria, BBVA Banco BHIF

6 hrs ago | SILive.com

Staten Island church raises funds for young cancer survivor's pilgrimage

A special collection will be taken at St. Christopher's R.C. Church in Grant City the weekend of June 1-2 to send brain cancer survivor Christopher Canale, a 6-year-old from Oakwood, to Lourdes.

Comment?

Related Topix: Staten-Island, NY, New York, NY, Health, Brain Cancer, Knights of Columbus

10 hrs ago | Bangor Daily News

Unum reports steady growth, taps Maine native as CEO of US operating unit

Unum Group on Thursday trumpeted the success of its conservative business model, which has continued to deliver steady returns and rising profits for the Chattanooga-based insurer in spite of a spotty job market.

Comment?

Related Topix: UnumProvident, Colonial Group, Provident Life and Accident Insurance, Energy, Oil & Gas, Portland, ME

15 hrs ago | The Guardian

Colum McCann: a life in writing

McCann had six novels to his name by the time he turned 40, but it was 2009's best-selling and prize-scooping Let the Great World Spin that made him an international name.

Comment?

Related Topix: Transatlantic Holdings

Fri May 24, 2013

Business Journal

Insurance losses on North Texas twisters reach estimated $250M

Insurance losses from the deadly tornadoes that hit Granbury, Cleburne and other communities in North Texas last week could reach $250 million, an insurance industry group said.

Comment?

Related Topix: Granbury, TX

Squamish Chief

Most actively traded companies on the TSX, TSX Venture Exchange markets

Surge Energy Inc. . Oil and gas. Down 37 cents, or 6.99 per cent, at $4.92 on 7.47 million shares.

Comment?

Related Topix: Oil & Gas, Suncor Energy, Barrick Gold, Mining, Manulife Financial

Daily Political

Kansas City Life Insurance Upgraded by TheStreet to "Buy"

"Kansas City Life Insurance has been upgraded by TheStreet Ratings from hold to buy.

Comment?

Related Topix: Financial Services, Kansas City Life Insurance

AndhraNews

ACE Receives Regulatory Approval for Myanmar Representative Office

The ACE Group announced today that it has received provisional approval from Myanmar's Directorate of Investment and Company Administration to establish a representative office in Myanmar.

Comment?

Related Topix: ACE, Burma, World News

WCHS-TV Charleston

Protesters arrested at coal firm Alpha's HQ in Va

Several environmental protesters are facing charges after blocking the road leading to the headquarters for coal producer Alpha Natural Resources in Bristol.

Comment?

Related Topix: Annuity and Life Re Holdings

CNews

U.S. tornado insured losses estimated at up to $5B US

The clouds of a thunderstorm roll over neighbourhoods heavily damaged in a tornado in Moore, Okla., May 23, 2013.

Comment?

Related Topix: Moore, OK

Reuters

Kyobo Life bids for ING's South Korean insurance business

Stock index futures fell on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the central bank may scale back its support to the economy.

Comment?

Related Topix: ING Group

WebWire

How to look for possible tornado damage: Allstate offers insurance tips

Oklahoma residents should inspect for tornado damage once it is safe to do so. Residents should be very careful when returning home following the tornadoes that struck earlier this week.

Comment?

Related Topix: Allstate

Modern Healthcare

Reform Update: Some big names take pass on Calif. insurance exchange

In California, the most populous state in the country, one might think that insurers would be tripping over themselves to get plans on Covered California, the state's health insurance exchange .

Comment?

Related Topix: California, California Government, Health Insurance, Health, Aetna, Beverages, United Group, Illinois

Thu May 23, 2013

The Washington Post

Rally Ends at U.S. Border as Mexico, Canada Trail S&P 500

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.

Comment?

Related Topix: Financial Markets, USAA, Business News

Tax News

Hong Kong's Insurance Industry Grows

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.

Comment?

Hispanic Business

Health Plans Picked for Calif. Insurance Market

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.

Comment?

Related Topix: California, California Government, Los Angeles County, CA, Health Net, Medicine, Health Insurance, Health

Orange Live

You Can Help Rebuild Oklahoma Schools Ravaged By the Tornado

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.

Comment?

Related Topix: Moore, OK, Horace Mann Educators Corporation

The Hartford Courant

Ally settlement may be a boon for ResCap bondholders

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.

Comment?

Related Topix: MBIA, Financial Markets, Economics News, Bankruptcy, Ansonia, CT

The Washington Post

Defaulted Manhattan Complex Rewarding Patient Money: Mortgages

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.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Nomura Holding, Financial Services, Investment Services, Manhattan, NY, New York, NY, New York University, MetLife

KWWL-TV Waterloo

More

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.

Comment?

Related Topix: Principal Financial Group, Financial Services, Investment Services, Rockville, MD

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