Insurance industry
The city of Glasgow has been chosen by Norwich Union to host two free athletics festivals, providing a significant boost to the city's bid to stage the Commonwealth Games in 2014. The first festival, a three-day event, will be held in George Square from January 18, featuring a
Insurance industry
Zix Corp, a leader in hosted services for email encryption and e-prescribing, has announced a contract for a new 500-physician e-prescribing program. The program will be split evenly between ZixCorp and another vendor, with ZixCorp receiving a majority of the revenue generated from a $1 per qualified e-script transaction fee.
Insurance industry
Zix Corporation, formerly known as ZixIt, has gained attention for its secure e-mail software and services aimed at corporate customers. The company's ZixMail system enables users to transmit encrypted e-mail and documents to any address worldwide, with recipients who are not service subscribers able to access messages through
Insurance industry
A.M. Best Co. has downgraded the financial strength rating (FSR) of Magna Insurance Co. from B++ (Very Good) to B+ (Very Good) due to the company's lack of clear business strategy since its acquisition by Hancock Holding Co. in late 2003. Despite showing profitability in 2005 and
Insurance industry
The US healthcare system is facing significant challenges due to the rise of diabetes and obesity, placing a burden on insurers and the entire industry. Recent episodes of BestDay Audio, a daily wrap-up of insurance news, have highlighted various topics affecting the US insurance market. A. M. Best's
Insurance industry
A.M. Best Co. has downgraded the financial strength rating of Forethought Life Insurance Co. to A- (Excellent) from A (Excellent) due to the company's continued low statutory operating earnings, anticipated loss at year-end 2006, and margin compression resulting from low interest rates. The rating downgrade also reflects
Insurance industry
QBE Insurance Group Ltd, an Australian insurer, has significantly expanded its operations in the United States with the acquisition of Praetorian Financial Group (PFG) for US$800 million. This move follows the recent purchase of National Farmers Union Property and Casualty Company for US$140 million in 2005 and the
Insurance industry
Floridians are taking to their representatives in Tallahassee to express frustration over the state's growing property insurance costs, which are largely a result of the GOP-led Legislature's May decision to raise rates and avoid assessments on non-Citizens customers. In a surprising turn of events, Republicans are
Insurance industry
The board of directors of Citizens Property Insurance Corp., Florida's last-resort homeowners insurer, has delayed voting on a state-mandated rate increase until after the January special session on the state's property insurance crisis. The decision comes as the Legislature considers a series of measures aimed at
Insurance industry
Four of the largest property and casualty insurers in the United States, ACE Ltd., American International Group Inc., St. Paul Travelers Cos., and Zurich Holding Company of America, have been ordered by three state attorneys general to cease paying contingent commissions to brokers and agents for several lines of insurance
Insurance industry
A federal court has ruled that flood exclusions used by several insurance companies to deny Hurricane Katrina-related homeowners' claims are ambiguous, as they fail to distinguish between natural and manmade catastrophes. In an 85-page decision, US District Judge Stanwood R. Duval Jr. denied motions by Allstate Insurance Co., St.
Horse racing
My Way De Solzen, the WORLD HURDLE winner, has made a seamless transition to fences, impressing trainer Alan King and jockey Robert Thornton with a dominant performance in a beginners' chase. The 6-year-old, a potential future Cheltenham Gold Cup candidate, was foot-perfect and in total command from three out,
