Aon Sells Two Insurance Units for $2.75B
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Insurance brokerage Aon Corp. is selling two underwriting units for $2.75 billion in separate cash deals to focus on more profitable lines of business in the face of falling insurance rates.
Aon said in the sale announcement Monday that it will use the sale proceeds to ramp up its share buyback program.
The company […]
Avoiding the insurance penalty
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Excerpts from the Globe’s blog on the Boston-area medical community.
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For the record
Boston face transplant surgeon encouraged by report on French patient
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In unrelated incidents, two pedestrians in Boston area killed
Firms encourage good health
Forty-six people have already applied for waivers of the $219 penalty that the state will impose […]
Training complex could help lower insurance rates
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A new fire and emergency training complex in Calera would be the first of its kind in Alabama. It could also mean insurance savings for Shelby County residents.
More than 15 municipal and volunteer fire departments have pledged more than $1 million toward a proposed training facility in line with some of the […]
Latest Case Law On Coverage Issues Affecting Professional Liability And Director & Officers Insurance
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Originally published in Mealey’s Litigation Reporter
I. Introduction
Professional Liability and Directors & Officers insurance policies are generally claims-made policies that restrict coverage to the policy period in effect at the time the claim is asserted against the insured, irrespective of when the alleged damage or injury occurred; or claims-made-and-reported policies, which, besides requiring […]
Man takes revoked insurance agent to court
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A Waterloo man is taking a former insurance agent who is under investigation to court over a failed business proposition.
Jeffrey William Holmes, 41, said in court records he gave Jack Straw a check for $25,000 to buy into Straw’s Financial Benefit Services in 2004.
But the business never got off the ground, and […]
$104K For Insurance! What Is the Most You Ever Have Ever Paid For Insurance?
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Barbara Wellensiek knew her son’s insurance bill would be steep because of his driving record, but when the renewal notice arrived she was shocked to see the annual premium was $104,566.63.
“I thought it was a typo,” Wellensiek said today. “I didn’t panic - I thought it was a mistake.”
When she phoned her […]
Car Insurance Agent’s Advice: Look Before you Park
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Tuesday’s ice storm weighs heavily on trees and insurance experts have advice: look before you park. That could save you hundreds or even thousands of dollars.
Plenty of drivers don’t look for icicles above their cars when they park outside and that keeps insurance offices busy this time of year. State Farm Agent […]
Loyalist sells its insurance brokerage
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Loyalist Insurance Group Ltd. announced today it reached an agreement to sell its retail insurance brokerage assets to U.S. firm Brownsthone Holdings Inc.
The estimated proceeds of the sale will be $5 million.
This transaction is expected to close in January 2008 and is subject to
final regulatory and shareholder approval.
Ancaster, Ont.-based […]
Health insurance industry must work together
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In every town in Monmouth County - to every community across the country - the issue of spiraling health insurance premiums is of paramount concern.
With each annual renewal, employers are forced into a quandary: to continually decide if they will pay an increased premium or figure out what benefits will be […]
Ten Ways to Lower Your Car Insurance
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Forget the talking ducks and geckos. Improving your credit rating and avoiding cars with a high theft rate are among the 10 practical tips highlighted in the accompanying slideshow that can help lower auto-insurance costs.
Those catchy commercials featuring cavemen with identity issues and talking geckos have an impact on what consumers […]