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Insurance News

Aviva says sells stake in S.Korea venture

London - British insurer Aviva has agreed to sell its stake in its South Korean venture for an undisclosed amount as it focuses on its core Asian businesses, the group said Monday.
In the Media by AFP

New Zealand Property Institute warns of looming insurance crisis

Property Institute Chief Executive David Clark warns that changes to home insurance will bring problems for New Zealand.
In the Media by Nicole Weddington

Munich Re to buy back up to 1.0 bn euros in shares

Frankfurt - German reinsurance giant Munich Re said Thursday it plans to buy back up to 1.0 billion euros ($1.4 billion) worth of shares by 2015."In the period commencing after the 2014 annual general meeting and extending up to the 2015 annual general meeting, Mu...
In the Media by AFP

Uber expands insurance coverage for ridesharing drivers

UberX on Friday expanded the insurance coverage it offers to ridesharing drivers, a step toward easing U.S. regulators' and lawmakers' concerns and creating broader acceptance of the services.
In the Media by Sarah McBride (Reuters)

Generali says efficiency drive boosts profits

Milan - Italian insurance group Generali reported on Thursday a leap in net profits for 2013 and said it expected to do better this year.Net profit last year amounted to 1.915 billion euros ($2.7 billion), the highest figure for six years, from a profit of 94 ...
In the Media by AFP

Insurer Prudential 2013 net profits tumble

London - Insurance giant Prudential said on Wednesday that net profits slumped by nearly 40 percent last year, as it suffered from turbulence in emerging markets.Earnings after taxation sank to £1.346 billion in 2013 on short-term fluctuations in investment va...
In the Media by AFP

Insurer Aviva eyes further recovery after return to profit

London - British insurer Aviva on Thursday said it had swung back into profit during 2013 as it underwent major restructuring and after it avoided a huge write-down suffered the previous year.Chief executive Mark Wilson warned against "complacency", while Aviva...
In the Media by AFP

No insurance, no ridesharing, cities tell UberX, Lyft and others

Using mobile apps to connect passengers with drivers, ridesharing services like UberX and Lyft say they are bringing new zip to transportation.
In the Media by Sarah McBride (Reuters)

U.S. looks at Swiss insurers in offshore probe: WSJ

U.S. prosecutors are widening their probe of how Swiss banks helped wealthy Americans avoid taxes to look at insurers as well, the Wall Street Journal reported on Monday, citing unnamed sources.
In the Media by Reuters

AXA insurance profits leap 10% on asset sales

Paris - French insurance group AXA, number two in Europe after German giant Allianz, raised net profit by 10.0 percent last year with a boost from asset sales and reduced debt, it said on Friday.The price of shares in the group initially fell, as the result mi...
In the Media by AFP
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Insurance Blogs

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With winter rain and snow upon us, defensive driving is essential for keeping you and your loved ones safe on the road....
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It is estimated that the US spends more than $1.4 trillion on health care every year. This is twice the amount spent by...
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Report Reveals 1 in 7 Drivers Uninsured

An insurance industry group estimates that 13.8 percent of drivers nationwide are uninsured, despite laws requiring car...
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