one of a series about how a souring economy and rising prices are pinching consumers, businesses and workers.
At a time when groceries and gasoline are getting more and more expensive, workers for a local community services agency learned this week about another challenge: a big increase in their health insurance costs.
Stories of smaller companies struggling [...]
UBS said Thursday it would close its municipal bond business after failing to find a buyer for what was the third-largest underwriter of American state and local government debt last year.
UBS, based in Zurich and Switzerland’s largest bank, will lay off about 280 people, a spokesman, Doug Morris, said.
“UBS explored a number of alternatives to [...]
Prudential Assurance Malaysia Bhd (PAMB) will focus on the development of wealth planners and beefing up its multi distribution channels in a move to push the company to the number one spot in the life insurance business.
Chief executive officer Bill Lisle said: â€We want to be the number one player but more importantly, the company [...]
The market value of the 60-year-old Bajaj Auto has been overtaken by its seven-year-old insurance business. Bajaj Finserve’s higher market valuation is an indication that despite the March 2008 slowdown, insurance is still seen as a high-growth area.
On Friday, Bajaj Auto ended the day with a market capitalisation of Rs 8,311 crore against Bajaj Finserve’s [...]
Cigna HealthCare of Arizona announced Tuesday it is adding more health plans targeting small businesses.
Beginning June 1, businesses with 50 or fewer employees will get some of the same benefits previously only offered to larger companies. The insurer is adding three health savings plans and eight open access plans targeting small businesses.
Jason Holmes, group health [...]
Ping An, the Chinese insurer, dropped out of the running to buy Royal Bank of Scotland’s insurance business yesterday, leaving five potential buyers for the parent of Direct Line, Churchill and Privilege.
Ping An joined Warren Buffett’s Berkshire Hathaway and Generali of Italy in turning down the chance to buy the business, which RBS values at [...]
The Law Commissions’ provisional proposals for change received widespread support, though the Commissions, which exist to recommend law reform when it is needed, stressed that they have not yet formulated their final recommendations on consumer insurance law reform.
There were more than 100 responses to the consultation, which covered pre-contract disclosure of information, warranties and the [...]
Small businesses in New Hampshire are on way to having more affordable health insurance.
Gov. John Lynch has signed into law the HealthFirst initiative. It will require major insurance carriers to offer a standard wellness plan for businesses with up to 50 employees. Premium costs will be controlled by focusing on prevention, managing chronic conditions and [...]
In an unprecedented move, the Chancellor, Alistair Darling, will make an appearance at tomorrow’s board meeting of the Association of British Insurers, where the trade body will press him on a range of issues including tax and regulation.
The ABI board, chaired by Archie Kane, who runs Scottish Widows, invited Mr Darling – the first time [...]
Darin Kath has resigned as president and chief executive officer of Jewelers Mutual Insurance Co., a provider of jewelry insurance.
Kath has accepted a position as president and CEO of Integrity Mutual Insurance Co., a property and casualty insurer in Appleton. Richard Schinler, Integrity’s current president and chief executive officer, will retire after 25 years with [...]
