11/11/2008 News For: Businees InsuranceSettlement ends suits over General American Life Insurance's collapse Goldman Sachs will pay $100.5 million to settle a lawsuit over the 1999 collapse of Missouri-based General American Life Insurance Co., once one of the country’s biggest life insurers. Flood map may lower insurance costs Coos County flood maps won?t be new, but they soon should be more accurate once the Federal Emergency Management Administration finalizes its map revision project for the county. That could save area property owners money on their insurance. Neb. Education Board Seeks to Make Up Insurance Premium Tax Shortfall A shortfall in the state's insurance premium tax receipts has prompted the Nebraska Board of Education to submit a budget deficit request to the legislature that calls for an additional $1.53 million State Helps Unemployed Find Health Insurance The increasingly rocky economy and the higher state unemployment rate have pushed Tennessee to expand one of its health insurance programs. Workers who have lost their jobs now have a reasonable option for health insurance. 11-11-2008: MAA exits general insurance biz KUALA LUMPUR: Malaysian Assurance Alliance Bhd MAA Assurance, which has to divest assets to boost its balance sheet, has hived off its general insurance business and sold another slice of its takaful business. New fire hydrants could cut insurance Homeowners in a section of Reading Township that will eventually be served by York Water Co. could see a reduction in their fire-insurance premiums next year. Nigeria: Insurance Companies And Social Responsibility In its quest to make world class insurance services available to Nigerians, Industrial And General Insurance Plc IGI brought its customer-friendly products to the ongoing 2008 Lagos International Trade Fair. AmBank to buy insurance unit from MAA Hlgs AmBank Group will buy over MAA Holdings Bhd's MAAH 1198 general insurance unit for RM274.8 million in hopes of becoming the country's top general insurer. Tough Times Don’t Have to Mean the End of Innovation in Insurance IT Although the weak economy and global financial crisis are putting pressure on IT budgets, these tough conditions may actually drive insurance companies to pursue what would be considered innovative technology strategies. TM Asia bundles insurance with bereavement product JAPANESE life insurance company TM Asia Life Malaysia Bhd, in collaboration with bereavement provider Nian En Memorial Park Sdn Bhd, yesterday launched bereavement product packaged with TM Asia Life Single Premium Investment-Linked plan. |



