Target of £100m cost savings to be reached by 2011 Insurance and pensions group Standard Life is to cut 600 jobs over the next 15 months as part of a major overhaul of the business. The Edinburgh-based insurer's new chief executive David Nish, who took over from Sir Sandy Crombie in January, is wielding the axe to streamline operations and shift the group's focus to long-term savings products ...

September marks the seventh annual Life Insurance Awareness Month, designed to raise awareness and educate consumers about the importance of life insurance coverage and the financial services representatives who are trained to help consumers meet their needs. Life insurance organizations and their representatives observe the occasion by providing information and activities regarding the role of ...

BUILDINGS insurance remains stubbornly high up the league table of complaints made to the Financial Ombudsman, which is not surprising.

India's insurance industry is set for a makeover as it seeks to survive and grow in a changed environment that dawned on September 1. With a three-month spat over who will regulate unit-linked insurance plans (Ulips) settled, the Insurance Regulatory & Development Authority (Irda) in July announced sweeping changes to the way insurance companies do business.

Fixed-indexed insurance products, commonly called "equity-indexed annuities," offer the promise of protection on the downside combined with a guaranteed minimum upside. Do they deliver?

This week an insurance research firm reported that ownership in life insurance has reached a 50-year low, with nearly a third of U.S. households not having a form of this financial protection. As the benefits industry begins Life Insurance Awareness Month in September, Unum (NYSE: UNM) shares the concern that this decline exposes working Americans to financial uncertainty.

A veteran northern Michigan insurance agent recently assumed ownership of the Allstate Insurance Agency in Grayling. Roger Weber, who has operated Weber Allstate Insurance Agency in Traverse City for 43 years, took over the Grayling agency, which is located in the Grayling Mini Mall, last month.

NEW DELHI: Two private sector life insurers, Aviva and Bajaj Allianz, on Friday launched a slew of unit-linked insurance products (ULIPs) following the new guidelines issued by the Insurance Regulatory and Development Authority (IRDA).

Siemens to close Ohio center, cut 88 jobs

Oklahoma Insurance Commissioner Kim Holland said the federal health insurance reform act has many unanswered questions, and insurance agents and citizens who don’t stay informed do so at their own peril....

Progressive Insurance, the country's fourth largest auto insurance group, and The X PRIZE Foundation, an educational nonprofit prize organization, will announce the winners of the Progressive Insurance Automotive X PRIZE at a special awards ceremony in Washington, D.C. Up to $10 million will be awarded to as many as three teams that proved their entry vehicle could meet the competition's ...

As part of its innovative financial inclusion programme, United India Insurance, a public sector non-life insurance major has signed an MoU with Corporation Bank, an acknowledged banking leader in the segment of financial inclusion initiatives...

KUCHING: Growth in the life insurance industry may be affected as consumers could soon have a choice of either going for life insurance or takaful products. To recap, Bank Negara Malaysia (BNM) had on Thursday awarded takaful licences to four joint ventures (JV) of local and foreign entitles.

AUSTIN - Texas will have to consider less regulation of insurance companies and their rates if the Department of Insurance sees its funding cut 10 percent to help balance the next state budget, Insurance Commissioner Mike Geeslin said in documents filed this week with the governor and legislative leaders.

(ARA) - If you were born between 1979 and 1994, you may have heard yourself described as part of "Generation Y." Characteristics that define your generation include a tendency to be independent, opinionated and well informed - good qualities to be sure.

FORT LAUDERDALE, FL--(Marketwire - September 1, 2010) - Universal Insurance Holdings, Inc. (the Company or Universal ) ( NYSE Amex : UVE ), a vertically integrated insurance holding company, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) has entered into an agreement with GEICO to make UPCIC's personal residential insurance products available ...

Chartis today announced the expansion of NextGen Protection, a suite of environmental insurance solutions developed by its Environmental Division. The additional industry segments within the ...

The staunchest opposition to a universal fiduciary standard that would put clients’ interests first isn’t from securities brokers. It’s from insurance agents, comments to the Securities and Exchange Commission show.

KUWAIT CITY, Sept 4: The Ministry of Health, Kuwait Medical Association and Union of Insurance Companies will soon finalize discussions on the cost of insurance policies for doctors, in accordance with the Medical Errors Law, which is expected to be implemented next month, reports Al-Seyassah daily quoting sources.

Charter Oak Federal Credit Union has sold an insurance subsidiary to Smith Brothers Insurance of Glastonbury. Terms were not disclosed.