insurance News Archive

'Insurance policyholders moving out of Citizens (BizJournals)As many as 110,000 policies will be removed from Citizens Property insurance Corp., the state?s insurance safety net, and moved to six private companies, effective Friday, according to the Florida Department of insurance Regulation.

'Racicot leaving insurance group (Billings Gazette)WASHINGTON - Former Montana Gov. Marc Racicot is leaving his job as president of the American insurance Association.

'Analyst: Life annuities, credit insurance to suffer most from crisis - Chile (Business News Americas)The ongoing global financial crisis may lead some business lines such as annuities and credit insurance to experience a slowdown in volume given a more deteriorated outlook for both the local and world economies, analyst at Chilean ratings agency Feller Eduardo Ferretti told BNamericas.

'Trustco of Namibia Says 6-Month Profit Doubles on Insurance (Bloomberg)Nov. 14 (Bloomberg) -- Trustco Group Holdings Ltd. , a Namibian company with investments in insurance, real estate and publishing, said six-month profit doubled on stronger earnings from its insurance operations.

'Sterling Bancorp to remain in insurance program (AP via Yahoo! Finance) Sterling Bancorp, parent of Sterling National Bank, said Friday it will continue to participate in the Federal Deposit Insurance Corp.'s program to provide 100 percent insurance coverage to noninterest-bearing accounts.

'Damage Control at Insurance Companies (BusinessWeek Online via Yahoo! News) Individual investors aren't the only ones scared to look at their portfolios. Insurance giants are also watching their holdings wither, a situation that could have serious implications for their customers and the markets. The biggest independent life insurer, MetLife, reported total paper losses of $12.2 billion on its $340 billion portfolio. "You have to plan for things to be depressed for the ...

'Your Insurance Company, and Related Worries (New York Times)What has happened in the past when insurance companies have gone under? What might happen to your life policy or annuity in a worst case scenario? Is there anything you can do to protect yourself?

'Allied Insurance Initiates Fire Response in Santa Barbara County (wallstreet:online AG)Allied Insurance claim representatives and agents are prepared to assist customers affected by the

'Nationwide Insurance Initiates Fire Response in Santa Barbara County (wallstreet:online AG)Nationwide insurance claim representatives and agents are prepared to assist customers affected by