Insurance News 10/20/2005
Skandia Insurance stiffens resistance to Old Mutual bid
Skandia Insurance, the Swedish financial group that is the target of a takeover bid by Old Mutual, stiffened its defense on Wednesday and said shareholders with Rjust underR 15 percent of Skandia's equity had rejected the Old Mutual offer.
Woman fights insurance giant and wins
A mild-mannered delivery woman has won her lengthy battle to persuade an insurance company giant to cover injuries she sustained in a massive car accident earlier this year -- but only after dozens of citizens demanded action.
No. Of Insurance Agreements In Uzbekistan Drops 20% In 3q
The number of insurance agreements in force dropped by 20 per cent in the third quarter of 2005, against the same period of the previous year.
Flood Insurance Program Seeks More Money
The acting head of the federal flood insurance program told Congress yesterday that his agency needs to be allowed to borrow $5 billion more just to cover claims it expects to pay by mid- to late November.
NO. OF INSURANCE AGREEMENTS IN UZBEKISTAN DROPS 20% IN 3Q
Statistics The number of insurance agreements in force dropped by 20 per cent in the third quarter of 2005, against the same period of the previous year.
Japan to Cut Medical Insurance for Elderly to Reduce Costs
Oct. 19 (Bloomberg) -- Japan's government said it plans to reduce medical insurance coverage for some elderly citizens to curb ballooning costs that are forecast to reach as much as 40 trillion yen, or $345 billion, in 10 years.
Outrage directed at insurance firm
Consumers are outraged that Farmers Insurance has denied the claim of an Everett woman hurt in a car wreck. And they let state officials and Farmers have it.
Anbang Insurance to Launch Auto Credit Insurance in Anhui
HEFEI, Oct 20 Asia Pulse - Anbang Property and Casualty Insurance Co., Ltd. has been approved by China Insurance Regulatory Commission (CIRC) to open a branch in China's eastern Anhui Province to explore auto credit insurance business on the local market.
Wind Insurance Fund Proposed
TALLAHASSEE - -- As the threat of Hurricane Wilma loomed in the Caribbean, House Democrats unveiled a plan Wednesday to create a statewide hurricane pool that would provide homeowner insurance wind coverage for all Florida residents.
Insurance window closes as Wilma nears
Florida insurers began slamming the door on new business Wednesday over the looming threat of Hurricane Wilma. "The majority of our companies are closed down as of today," said Reid Dick, account executive with Dick-Johnson & Jefferson, a Sarasota insurance agency.
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