The News Review:
- OneBeacon Insurance Introduces OneChoice CustomPac in New Hampshire
- Infinity Insurance Organizes Child Safety Day
- Won’t Panic Selling Falling Shares Just Increase Insurance Premiums?
- US insurance regulation in focus amid meltdown
- AIG May Influence Sector Pricing Rebound
- Principal to participate in Treasury program
OneBeacon Insurance Introduces OneChoice CustomPac in New Hampshire
MarketWatch
18, 2008
CANTON, Mass. OneChoice CustomPac from OneBeacon Insurance provides a true blanket
limit, which offers excellent value at a time of loss by combining limits for
a customer’s dwelling, other structures, personal property and loss of use. CustomPac also includes enhanced protection for homeowners such as water
backup, an increased limit of 25 percent for dwelling coverage with a buy-up
option for guaranteed replacement cost coverage, and increased coverages for
personal items. “CustomPac is our flagship product,” said Dick Connors, president of
OneBeacon’s New England personal lines operations. “We deliver it through our
state-of-the-art OneChoice technology, enabling independent insurance agents
to offer comprehensive protection and value to their clients while enjoying
fast, accurate and competitive pricing.
Infinity Insurance Organizes Child Safety Day
MarketWatch
On November 19th at 12:00 noon, Infinity employees will
distribute over 80 safety identification kits to children complete with
headshots, fingerprints taken by City of Paramount Police Officers, safety
brochures, and backpacks filled with school supplies. Gang Reduction Through
Intervention Prevention (GRIP) will also be on hand to talk with parents and
distribute educational materials. The Infinity Cares Child Safety Kits, designed by Infinity in partnership
with NCMEC, include a standard head-and-shoulders ID photo, vital statistics,
emergency contact information and NCMEC’s safety tips to help parents teach
their children about staying safe. According to the NCMEC
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Related from Spamblockermonster: A Parent’s Guide to Safe, Simple, Kid-Friendly E-Mail
Won’t Panic Selling Falling Shares Just Increase Insurance Premiums?
MarketWatch
By selling now, shareholders may miss out on
these gains. Naturally, buying back when the markets rise again will result
in having to do so at a higher price. Effects on insurance premiums: Each shareholder is obviously not the only
person in the stock market. The insurers also heavily invest in it. In fact,
many British insurers rely on investment income to offset underwriting losses
so stock market losses themselves directly affect insurer investments. When
stock markets fall in the face of underwriting losses, insurers are pressured
to increase premiums to survive. A caveat here is that this is a financial model, not a crystal ball.
US insurance regulation in focus amid meltdown
Reuters
insurance regulation in focus amid meltdown| Reuters. insurance regulation,United States,veteran deal maker,Joseph Perella,Lilla Zuill,Maurice “Hank” Greenberg,Peter Levene,2008-00-00,2008-09-00,2008-11-18,2008-11-19,2009-00-00,Brian Moss,London,NEW YORK,Federal Reserve System,U.
AIG May Influence Sector Pricing Rebound
Barron’s
Earnings disappointments were the norm during the quarter. Catastrophes and soft pricing impaired underwriting profits, and investment losses drove book values lower. As a consequence, capacity as measured by shareholders’ equity, declined 15.
Principal to participate in Treasury program
CNNMoney.com
said Tuesday it plans to apply to the U. Treasury for participation in the capital purchase program. The Des Moines-based company, which offers 401(k) retirement plans, has an Internet bank and life and health insurance divisions, said it would issue preferred shares and warrants to the Treasury.