Insurance News

A congressional proposal to mandate flood insurance for homes behind levees has been defeated, U.S. Rep. Nick Lampson, said Wednesday night.

Selective Insurance Group has reported that its net income for the third quarter of 2008 was $9 million, or $0.17 per diluted share, as compared to $37.1 million, or $0.66 per diluted share, for the same quarter in 2007.

American National Insurance Co. said its board declared a regular quarterly dividend of 77 cents per share. The insurance company said the dividend is payable Dec. 19 to shareholders of record on Dec. 5.

NEW DELHI: Three months after the UPA coalition broke with the Left parties, the Cabinet approved the introduction of a comprehensive Bill in Parliament seeking to hike the much-awaited foreign direct investment (FDI) cap in the insurance ...

New Delhi, Oct. 31: The Union cabinet today approved the insurance amendment bill that seeks to introduce various changes in the existing law, including raising the foreign direct investment (FDI) limit to 49 per cent from 26 per cent.

This week Grand Traverse County Commissioners voted down a plan to pitch in money towards their own health insurance costs.

The Cabinet on Thursday approved the Insurance Laws (Amendment) Bill that will pave the way for increasing the FDI limit in domestic insurance companies to 49% from the existing 26%.

All charges against a New Freedom couple for allegedly exaggerating damage claims from a vandalism incident and filing false receipts to collect more than $10,000 in insurance have been moved to Adams County court.

California's unemployment insurance fund will be $2.4 billion in the red by the end of 2009 and $4.9 billion in the hole by the end of 2010 if changes are not made to how unemployment insurance benefits are financed, the state Employment Development Department predicted on Friday. In their October forecast, EDD officials said the state unemployment insurance fund is expected to collect $15.2 ...

Unity Life of Canada has agreed to acquire Forethought Life Insurance Co, the insurance operations of Indianapolis-based Forethought Financial Group Inc.’s Canadian branch, the companies announced today.