Auto insurance companies may face a revenue reduction of $15 following a rating error

According to an error report published by Quality Planning, an estimated $15.4 billion in revenue was missed by the private passenger auto insurance industry in…

U.S. insurers may be at risk of costly payouts spawned from the European financial crisis

Many U.S. banks have upped their insurance sales in Greece, Portugal, Ireland, Spain and Italy during the first half of 2011. The growth in sales…

Allstate net income tumbles for third quarter after payouts for natural disasters

Following the $1.08 billion payout by Allstate Corp. for natural disaster claims, the net income for the company’s third quarter fell by 55 percent. Equally,…

Mutual Life of Massachusetts approves $1.33 billion in dividends for consumers

Mutual Life Insurance, one of the largest insurers in Massachusetts, has announced that it will pay $1.33 billion in dividends to policyholders in 2012. The…

HSBC LAUNCHES RENMINBI FIXED INCOME FUND

PRESS RELEASE: HSBC Global Asset Management this week launches the HSBC GIF RMB Fixed Income fund. The fund enables UK and European investors to gain…