Insurance
Insurance Brokers
TULSA, Okla.— The former mayor of Tulsa, Oklahoma, is suing an insurance company and broker because she says the $4 million she received for a lost blue diamond ring isn't enough. The Tulsa World reports that Kathy Taylor's federal lawsuit filed in Tulsa seeks more than $75,000. It alleges AIG Property Casualty Co. paid $4 million for loss of the ring her husband gave...
Oct 17- Wineries damaged by wildfires tearing through Northern California are starting insurance claims, and at least some of the smaller vintners are likely to find limits in their policies mean payouts fall short of rebuilding costs. Gaps in coverage and a spike in rebuilding costs, typical after disaster, may come as a shock to many small wineries, favorites...
Options have grown slim on the Affordable Care Act's public insurance marketplaces, especially in Gallops' state where Blue Cross and Blue Shield of North Carolina dominates. It begins Nov. 1 and concludes Dec. 15 during a busy year-end period when many people have holidays or tasks other than selecting health coverage on their minds. Gallops, an independent...
Top reinsurers of Puerto Rico insurance companies- which tend to rely heavily on reinsurance- include Mapfre SA, QBE Insurance Group Ltd, Lloyd's of London and American International Group Inc, according to Keefe, Bruyette& Woods. Mapfre, which also acts as an insurer in Puerto Rico, expects "recent natural disasters" to cut its full-year profit by between 150...
An employer-sponsored policy can leave you underprotected. Here's what you need to know.
SAN FRANCISCO, Sept 21- Zenefits, a startup that has faced hefty regulatory penalties on its insurance brokerage, said on Thursday that it will exit that business and instead provide software to brokers. In a change of course, San Francisco- based Zenefits said it will no longer aim to displace traditional brokers with technology, but rather will provide software...
SAN FRANCISCO, Sept 21- Zenefits, the software startup that has faced a number of regulatory penalties, said on Thursday it is changing its business to provide software to insurance brokers. Its first customer is Atlanta- based broker OneDigital. Chief Executive Jay Fulcher, who in February became Zenefits' third CEO in a year, said Zenefits' expertise is in...
Jeff Dailey, Farmers Group CEO, discusses the costs, liabilities and assessments of hurricanes, and weighs in on flood insurance.
Roger Crandall, MassMutual CEO and president, discusses the business of life insurance and the products they provide for policyholders. The biggest product we sell is permanent whole life insurance, says Crandall.
While you may have homeowners insurance, there's a good chance you don't have enough.
NEW YORK, Sept 1- Insurance broker Aon Plc said on Friday it would buy real estate investment management firm The Townsend Group from Colony NorthStar Inc for $475 million, helping expand its property investment management portfolio. NorthStar Asset Management took a majority stake in the Townsend Group from private equity firm GTCR LLC in 2015 for $380...
Jim Cramer broke down his thoughts on how reports that North Korea fired a missile that flew over Japan could impact the defense cohort.
Jim Cramer broke down his thoughts on how reports that North Korea fired a missile that flew over Japan could impact the defense cohort.
Jim Cramer compares Hurricane Harvey to past storms to gauge the storm's potential impact on related industries.
Jim Cramer compares Hurricane Harvey to past storms to gauge the storm's potential impact on related industries.
Jim Cramer compares Hurricane Harvey to past storms to gauge the storm's potential impact on related industries.
WASHINGTON, Aug 27- Flood damage in Texas from Hurricane Harvey may equal that from 2005' s Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday. As heavy rain pounded Houston and Texas's coastal counties, the Insurance Information Institute said it was still too soon to make precise estimates of the damage...
"It's too expensive," Michael Fellner, owner of Montreal- based women's wear company Lori Michaels Apparel& Manufacturing Inc, said of the specialized vendor insurance. Sears' vendors had previously benefited from support from Sears Chief Executive Eddie Lampert, who owns almost half of the company's shares and is its largest lender. Through his hedge fund, ESL...
HONG KONG, July 24- The Hong Kong stock exchange has rejected the IPO application of AMTD Strategic Capital Group, a corporate insurance broker backed by Morgan Stanley's private equity arm. The Hong Kong company, controlled by AMTD Asia, filed in May for the IPO, which Thomson Reuters publication IFR said could total $200 million. AMTD Strategic Capital is 79...
OSLO, July 7- The insurer of London's Grenfell Tower, where at least 80 people died in a devastating fire, raised its estimate for property and liability insurance claims to 50 million pounds on Friday. Norway's Protector Forsikring the insurance provider for the Royal Borough of Kensington and Chelsea, which owns the building, also said it had been aware...
