The News Review:
- Blue Shield settles with Insurance Department
- Hendrix threatens suit on Detroit car insurance
- AIG’s Rebranded Auto Unit May Be Among First Sold Analysts Say
- Riyad Bank to set up insurance firm plans IP
Blue Shield settles with Insurance Department
Bizjournals.com NC
Blue Shield is subject to a fine of up to $5 million if these actions aren’t done as agreed. State insurance regulators announced more than a year ago they were seeking more than $12 million in fines against Blue Shield for inappropriate denial of coverage and shoddy claims handling for more than 1200 members dating back to Jan.
Hendrix threatens suit on Detroit car insurance
Detroit Free Press United States
“When people literally pack up and leave this city one of the two or three reasons they always give is their car insurance. “Even rampant automotive crime doesn’t add up to what Detroiters pay in premiums he said. Detroit’s automotive rates are the highest in the United States twice that of No. 2 Philadelphia he pointed out.
AIG’s Rebranded Auto Unit May Be Among First Sold Analysts Say
Bloomberg
auto business this week to preparethe operation for potential buyers may find that unit among theeasiest to sell analysts said. Zurich Financial Services AG Allstate Corp. would each benefit from owning New York-based AIG?s 21stCentury Insurance which sells policies over the Internet said.
Related from Rizzicreations: Glint of hope for auto industry?
Riyad Bank to set up insurance firm plans IP
Reuters
SE said on Wednesday it planned to set up an insurance company with Britain’s Royal & Sun Alliance (RSA. L) which will be partly free-floated on the Saudi bourse. The new firm will have.