Insurance industry
The Dow Jones Industrial Average tumbled 74 points, or 0.6%, to 12,076 as of 9:35 a.m. ET on Wednesday, December 7, 2011. Despite the decline, 26 million shares of the 30 Dow components have changed hands, which is lower than the average daily trading volume of
Insurance industry
Matthew Levin, executive vice-president and head of corporate strategy at Aon Corp., has achieved remarkable success in his career, becoming the youngest head of corporate strategy at a publicly traded company at just 32 years old. Raised in Northbrook, Ill., Levin started his career as a First Scholar in First
Insurance industry
Prudential Financial, Inc.'s (NYSE:PRU) Real Estate and Relocation business has ranked first in overall net satisfaction among large relocation services firms for the second consecutive year, according to the tenth annual Relocation Managers' Survey from Trippel Research. This achievement is a testament to Prudential's
Insurance industry
As baby boomers face longer and more expensive retirements, plan consultants, advisors, and sponsors are seeking innovative solutions to address the growing retirement income challenges. Prudential Retirement, a business unit of Prudential Financial, Inc., recognizes the need for personalized responsibility in retirement planning and has launched a website to help
Youth
The Prudential Spirit of Community Awards, a prestigious recognition program for young volunteers, has identified over 4,269 outstanding middle and high school students across Pennsylvania who have made meaningful contributions to their communities over the past 16 years. This year marks the 17th year of the awards program, which
Youth
The Prudential Spirit of Community Awards have honored over 454 young volunteers across Delaware for their outstanding community service over the past 16 years. The program, now in its 17th year, is presented nationwide by Prudential Financial, Inc. in partnership with the National Association of Secondary School Principals (NASSP). The
Insurance industry
Efforts by the President's camp to rescue Moonis Elahi, the son of influential leader Chaudhry Pervaiz Elahi, have joined the federal government's bid to protect him. The Supreme Court has been approached to change the head of the probe team investigating the National Insurance Company Limited
Insurance industry
In a landmark judgement delivered on July 26, 2011, the Allahabad High Court ruled that insurance companies have the right to contest the quantum of compensation in motor accident cases, overturning an earlier decision by a lower court. The court's decision was based on a 2002 Supreme Court
Insurance industry
The American Medical Association (AMA) has issued its fourth annual National Health Insurer Report Card, which reveals a significant increase in inaccurate claims payments among commercial health insurers. According to the report, the average claims-processing error rate has risen to 19.3 percent, resulting in an estimated $1.5 billion
Insurance industry
Gov. Dannel P. Malloy announced at a press conference on the Bloomfield campus of CIGNA that large-scale state employee layoffs are underway. The governor stated that larger numbers of employees will start to receive their layoff notices, which will continue throughout the week. According to Malloy, his office will release
Insurance industry
California Insurance Commissioner Dave Jones and Speaker John A. Perez today announced a collaborative effort to extend the life of the Community Development Program, a tax credit program that facilitates insurance industry investments in underserved communities. The program received $11 million in new investments from Farmers Insurance Exchange, Pacific Life
Insurance industry
NKSJ Holding Inc., the holding company of Sompo Japan Insurance Inc. and Nipponkoa Insurance Co. Ltd., reported a net loss of 12.9 billion yen for the 2010 fiscal year ended March 31, 2011, due to the impact of the March 11 earthquake and a weaker investment market. Nonlife business
