The News Review:
- Allstate Applies To Re-Enter Mass. Auto-Insurance Market
- Hartford CE: Will Not Sell P/C And Life Insurance perations
- Mexico Sees More Foreign Investment In Insurance Sector
Allstate Applies To Re-Enter Mass. Auto-Insurance Market
CNNMoney.com
(ALL) has begun the process to resume selling auto insurance inMassachusetts the only U. state the company doesn’t operate in for autoinsurance. The personal lines insurance company said it targeted Nov. 2 as the date inwhich it would offer rates to consumers if it was successful in setting ratingswith the Massachusetts Division of Insurance.
Hartford CE: Will Not Sell P/C And Life Insurance perations
CNNMoney.com
In the memo Ayer said Hartford will be a “U. centric insurance companywith a focus on our strong portfolio of protection businesses primarilyproperty and casualty group benefits and life insurance. We will also continueto operate strong wealth management and retirement businesses including mutualfunds retirement plans and a restructured annuities business. As a result wewill move forward with both property and casualty and life businesses.
Mexico Sees More Foreign Investment In Insurance Sector
Wall Street Journal
“Insurance as a percentage of gross domestic product is 2% and the average for the rganization for Economic Cooperation and Development is above 6%” said Manuel Aguilera president of insurance regulator CNSF in an interview. “There is room to develop this market and that together with the saturation of insurance markets in developed countries should be a major attraction for foreign companies” he added.
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