Two South Floridians leave Citizens board
Three changes have been made to the Citizens Property Insurance Corp. board of governors, including the replacement of its only two members from South Florida.
bizjournals 7h and 26m ago

Universal Health gets reprieve
A judge in Tallahassee has given Universal Health Care Insurance Co. additional time to come up with more capital to bolster its financial reserves.
bizjournals 7h and 18m ago

Insurance regulators target church, CEO
The Colorado Division of Insurance on Friday issued a cease-and-desist order against an Aurora church and its CEO to halt the unauthorized sale of insurance.
bizjournals 8h and 16m ago

Insurer Vanguard ordered into liquidation
A Leon County Circuit Court judge on Friday ordered Vanguard Fire & Casualty Co. into liquidation, effective Monday, to ensure that policyholder claims will continue to be paid.
bizjournals 8h and 15m ago

Arizona delegation divided on Iraq spending-withdrawal vote
Arizona's congressional delegation split evenly and along party lines over a controversial Democratic measure that funds the Iraq war but calls for a U.S. troop pullout by next August and includes some extraneous spending.
bizjournals 9h and 27m ago

Standard Life to axe 1,000 jobs
Coinciding with Standard Life's announcement of better than expected 2006 results, the UK insurer is set to cut an additional 1,000 jobs or 12% of its workforce, as part of its cost-saving initiative, which aims to save GBP100 million a year by 2009.
Insurance-business-review.com 12h and 7m ago

Clydesdale Bank and Engage Mutual offer new life cover
UK finance group Clydesdale Bank, which also operates under the Yorkshire Bank brand, has extended its product portfolio in association with Harrogate-based Engage Mutual to launch Guaranteed 50 Plus Life Cover.
Insurance-business-review.com 12h and 6m ago

ABI sets up task force to help older consumers find cover
The Association of British Insurers has set up a task force designed to look into helping older consumers shop around for travel and motor insurance.
Insurance-business-review.com 13h and 24m ago

Florida trains safer in 2006
Florida train accidents fell 24 percent during 2006 as compared to the previous year. This is part of a larger national trend that resulted in 2006 being the safest year in the railroad industry's 175-year history, according to the Federal Railroad Administration.
bizjournals 15h and 17m ago

Finance groups welcome majority of UK budget changes
Finance groups have generally responded well to the budget changes announced by UK chancellor Gordon Brown on March 21, 2007, which include modifications to individual savings account and child trust fund allowances.
Insurance-business-review.com 23h and 23m ago

Uniqa increases stake in Vitosha
Uniqa Group Austria has announced that it has increased its participation in Bulgaria's sixth largest insurance company, Vitosha, by acquiring an additional 31% of the share capital of the company, bringing its total participation stake to 51%.
Insurance-business-review.com Fri, 23 Mar 2007 04:59:00 GMT

Hawaii weekly jobless claims: 6,165
New jobless claims are holding at about 1,000 while total jobless claims across Hawaii have fallen below 6,200 in the latest weekly report from the Hawaii Department of Labor and Industrial Relations.
bizjournals Fri, 23 Mar 2007 04:56:27 GMT

Scientists Disagree Over Hazard Posed by New Madrid Earthquake Fault
Scientists have struggled for years to figure out when the next big earthquake might strike the central United States. Now a geologist from Northwestern University believes he has evidence that th
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Insurer to Pay $17.5 Million in Conn. I-84 Faulty Construction Claim
The insurer behind the performance bond for part of the troubled Interstate-84 construction in Connecticut will pay $17.5 million to settle claims involving installation of defective drains, according
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Mass. AG Balks as FAIR Plan Seeks 13.6% Hike Statewide, 25% on Cape
The Massachusetts FAIR Plan has requested a 25 percent homeowners insurance rate increase for Cape Cod residents, part of an overall statewide filing seeking a 13.6 percent average rate increase state
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Thieves in Montreal Targeting Cars from U.S.
Like many northern New Englanders, Burlington, Vermont contractor Greg Giro likes to make an occasional trip to take in some big-city life in Montreal.But increasingly, they are being targeted by
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Federal Mine Safety Agency Increases Fines for Safety Violations
The federal Mine Safety and Health Administration said this week it has finalized a rule that increases fines for all safety violations. "MSHA has structured the final rule so that higher penalti
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Lloyd's Underwriter Survey Again Puts 'Managing the Cycle' as Chief Concern
"For the third year running, underwriters in the Lloyd's market have identified managing the cycle as the most important challenge for the industry, and over two-thirds believe that the industry has m
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Congressional Democrats Call for Improved Bus Inspections
House Democrats called for better inspections and tougher standards for bus operators this week after the recent crash in Atlanta that left five college baseball players dead.In a House hearing th
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Allianz Formalizes AGF Minority Shareholder Buyout Offer
Germany's Allianz SE, Europe's largest insurer in terms of gross premiums written, has formalized its offer to acquire the remaining 42.4 percent of the shares in French insurer Assurances Générales
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Judge Rules Claims Made Policy Language Ambiguous
A recent San Diego Superior Court ruling serves as a potential warning to legal malpractice insurers to review policy language to ensure their claims made policies can't be more broadly construed as o
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Consumer Group Challenges FDA Findings on Safety of Cloned Food
Federal health officials used a flawed analysis when they gave preliminary approval to food from cloned animals, a consumer group charged Wednesday.In its report, the Center for Food Safety said t
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Companies Protest W. Va. Public Health Contract Award to Md. Firm
West Virginia's selection of a Maryland company to manage a new health insurance program for retired public workers is being challenged by two other companies that sought the work. The Public Emp
Insurancejournal.com Fri, 23 Mar 2007 00:00:00 -0500

Countrywide: 2006 subprime defaults might be new worst
An executive of Countrywide Financial Corp. told a government panel that the company's subprime mortgage defaults in 2006 may top the company's 2000 results where foreclosure rate was 9.89 percent, according to Reuters reports.
bizjournals Thu, 22 Mar 2007 18:26:10 GMT

Armor gets new orders worth $103M
Armor Holdings Inc. will provide armor components for Humvees after receiving new orders worth $103 million from AM General.
bizjournals Thu, 22 Mar 2007 18:12:48 GMT

State Farm to lower rates 5.4%
State Farm Mutual Automobile Insurance Co. will lower its rates in Florida by an average of 5.4 percent.
bizjournals Thu, 22 Mar 2007 16:04:32 GMT

AVP adds Tampa event
AVP Inc. has made an agreement with the St. Pete Times Forum and the National Hockey League's Tampa Bay Lightning to take the AVP Crocs Tour to Tampa, Fla., from May 31 to June 3, 2007, the company said Thursday.
bizjournals Thu, 22 Mar 2007 14:15:34 GMT

Aviva, Akisgorta and Akbank agree to form life and pensions unit in Turkey
UK insurance titan Aviva has signed a memorandum of understanding with Akisgorta and Akbank to establish a life and pensions business in Turkey, in addition to entering into a bancassurance agreement with Akbank.
Insurance-business-review.com Thu, 22 Mar 2007 11:50:00 GMT

Atos Origin helping CNAV TS optimize call service
Atos Origin subsidiary Atos Worldline has been selected by France's Caisse Nationale d'Assurance Vieillesse des Travailleurs Salaries to implement and manage its call services to help improve the quality of its customer service.
Insurance-business-review.com Wed, 21 Mar 2007 15:41:00 GMT

Scottish Widows launches new retirement account
As a response to the new SIPP market, Scottish Widows, the life and pensions arm of Lloyds TSB, has launched a new retirement account that provides a pension plan with a transparent charging structure, wide investment choice and a competitive rate on cash holdings.
Insurance-business-review.com Wed, 21 Mar 2007 04:03:00 GMT


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