11/10/2008 News For: Workmens Comp InsuranceW.Va. workers' comp insurer plans 50 staff cuts BrickStreet Insurance announced Monday it is looking to shed 50 employees in a move to cut costs following the loss of its monopoly in writing workers' compensation insurance policies to West Virginia businesses. Florida Supreme Court ruling fallout could make workers? comp rates volatile The 18.6 percent reduction in the workers? compensation insurance rate next year, which is expected to save Florida employers millions of dollars, probably will be short-lived. BrickStreet Insurance Attacks Workers' Comp Fraud BrickStreet Insurance's Special Investigative Unit has saved the workers' compensation insurer more than $2.3 million, an official told about 30 local employers and insurance professionals Oct. 30 during the Elkins-Randolph County Chamber of Commerce "Eggs &?Issues" event. 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. AMMB HOLDINGS'S SUBSIDIARY ACQUIRES MAA HOLDINGS'S INSURANCE UNIT KUALA LUMPUR, Nov 10 Bernama -- AMMB Holdings Bhd's AHB 70 percent owned subsidiary, AmG Insurance Bhd, has made an offer for MAA Holdings general insurance unit at a headline price of RM274.8 million as well as a 4.9 percent stake in MAA Takaful at RM16.2 million. GCCC looks to revise health insurance options In an effort to save money after a 44-percent increase over the last two years in health insurance premiums, a Garden City Community College committee is recommending that GCCC revise its Blue Cross and Blue Shield plan to include high- and low-level usage options. |



