Insurance industry
American International Group Inc. has finalized the sale of a significant portion of its life insurance premium finance business to First Insurance Funding Corp. for approximately $679.5 million in cash. The transaction includes the majority of the U.S. life insurance premium finance assets from AIG Credit Corp. and
Insurance industry
Leading online financial newsletter, ParagonReport.com, has published its 1Q09 Analyst Reports reviewing American International Group Inc. (AIG), Bank of America (BAC), Wells Fargo (WFC), and Citigroup Inc. (C). These reports provide investors with free and unbiased analyst opinions on the companies mentioned. The reports are available to subscribers of
Insurance industry
FreeInvestmentReport.com, a premier micro cap and penny stock investment research firm, offers its stock alerts service to the investing community. The service primarily focuses on micro and small cap stocks (penny stocks) that offer potential gains between 100% and 2000%. The company alerts its subscribers to stocks market-wide, providing
Insurance industry
Dan Arvizu, Director of the U.S. Department of Energy's National Renewable Energy Laboratory, has been elected to the board of directors of State Farm Mutual Automobile Insurance Co., succeeding Jerry Porras, Professor Emeritus at Stanford University's Graduate School of Business, who is retiring after 23
Insurance industry
Florida Governor Charlie Crist vetoed a bill that would have allowed large insurance companies, including State Farm Florida, to raise their rates without being subject to denial by state regulators. The bill, sponsored by Rep. Bill Proctor and Sen. Mike Bennett, aimed to give consumers a choice by allowing companies
Insurance industry
The Obama administration has unveiled a comprehensive proposal for financial regulatory reform, which has been met with mixed reactions from the insurance industry. The proposal aims to address the root causes of the current financial crisis, including excessive leverage, under-capitalization, and insufficient liquidity. Property/casualty insurers have welcomed the proposal,
Insurance industry
Insurance stocks have been on a downward trend in recent days due to several factors, including a decrease in premium revenue. China's biggest life insurer, China Life Insurance Co., Ltd., fell 2.53% on June 16, while domestic archrival Ping An Insurance (Group) Company of China, Ltd. dropped
Insurance industry
In the past week, the Dundas Little League has been abuzz with exciting matches. The Minor T-Ball division has seen some thrilling games, with the Rotary ClubYankees taking on the Uptown Eccles Red Sox, Team Chaos Blue Jays facing the Dundas Lock and Key Athletics, and the Cal Chek Blue
Insurance industry
Underwriters have exercised their option to purchase 3.9 million shares of Transatlantic Holdings Inc. common stock owned by American International Group Inc. and a subsidiary, American Home Assurance Co. As a result, the public offering of Transatlantic stock will now total 29.9 million shares. American Home Assurance Co.
Insurance industry
A.M. Best Co., a leading credit rating agency, has upgraded the financial strength rating (FSR) of Commercial Casualty Insurance Company (CCIC) to B+ (Good) from B- (Fair) due to the company's stable performance following its acquisition by Berkshire Hathaway Inc. The upgrade reflects CCIC's adequate
Insurance industry
Prudential Financial Inc., the largest US life insurer approved for bailout funds, has decided to bypass the Troubled Asset Relief Program (TARP) and raise $1.25 billion through a share sale, citing the improved market conditions. This move allows the insurer to tap into private investors' appetite for bank
Insurance industry
Trident Insurance Services, a wholly owned subsidiary of Argo Group International Holdings Ltd., has introduced Darwin National Assurance Company as a lead carrier for its Verdix Legal Professional Liability Program. This expansion allows Trident to offer its insurance services to law firms in New Hampshire, Vermont, Maine, and Massachusetts, in
