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Latest news about Insurance and finance


Life Insurance Providers Could Benefit by Increasing Outreach and Education, Deloitte Survey Reveals

NEW YORK, May 17, 2012 /PRNewswire/ -- A prime reason many uninsured individuals don't have insurance coverage is that no carrier has invited them to purchase their products, according to a Deloitte survey ...

Joyce Chan and Heng Loong Cheong to Join DLA Piper Hong Kong Office from Dewey & LeBoeuf

Hong Kong - DLA Piper today announces that a group of lawyers led by partners Joyce Chan and Heng Lo...

Lifeline for insurance

The Centre has decided to defer an increase in foreign direct investment (FDI) limits for insurance companies from 26 to 49 per cent. In doing so, it appears to have given in to the arguments made by the Parliamentary Standing Committee on Finance.

American Security Insurance Testifies at New York Hearing on Lender-Placed Insurance

NEW YORK, May 17, 2012 /PRNewswire/ -- Representatives of American Security Insurance Co., a unit of Assurant Specialty Property, told New York officials today that lender-placed insurance "fulfills ...

Hartford Insurers Host High School Students During Job Shadow Day

Get Business Mobile Text Alerts Groups of students at Hartford's High School Inc. — an insurance and finance academy — got an inside look at the businesses that make up the Insurance Capital.

MGIC sues Freddie Mac in insurance dispute

Mortgage insurer MGIC Investment Corp has sued mortgage financier Freddie Mac and the Federal Housing Finance Administration to settle a dispute over coverage limits on certain insurance policies.

MGIC Files Suit To Resolve Pool Dispute

MILWAUKEE, May 17, 2012 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced today that its Mortgage Guaranty Insurance Corporation subsidiary has filed a lawsuit in Federal District Court ...

Insurers may have more time to up capital

INSURANCE COMPANIES still face a higher capital requirement, but enforcement of the new standard could be deferred beyond the original deadline of 2016, the industry regulator said yesterday.

Insurance Commissioner Disapproves Interest Payment on Surplus Notes

Ambac Assurance Corporation today announced that the Commissioner of Insurance of the State of Wisconsin has disapproved the requests of Ambac Assurance and the

Canada says government mortgage insurance not essential

OTTAWA (Reuters) - Canadian Finance Minister Jim Flaherty said on Wednesday it was possible the government could one day privatize the mortgage insurance business of the state-run federal housing agency, Canada Mortgage and Housing Corp (CMHC). "Is it inevitable that the government, the people of Canada, will always possess the residential mortgage insurance company? The answer to that is no, it's ...