Insurance news from Allianz includes profit increases

Insurance News Snap Shot of Allianz Website

The Munich based insurer also saw a rise in P&C gross written premiums. Allianz SE has just announced its third quarter financial results for 2012, and part of this insurance news included a 32.8 percent increase over the operating profits at the same time in 2011, as well as a drop in natural catastrophe claims, and that property and casualty profits have edged upward. Overall, the insurer feels that this year was almost five times better than last year. Of course, it needs to be taken into account that in…

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Spain may benefit from EU insurance plan

EU Insurance Plan

EU insurance plan could help Spain recover from financial troubles The European Union has been struggling to rein in on a dire financial crisis that has threatened the economic stability of several countries in the region. The governing body has turned to the insurance industry to aid in recovery and the mitigation of a future crisis and insurers has, thus far, proven to be a powerful ally in this endeavor. Several countries suffering from the effects of the financial crisis have benefited from the involvement of the insurance industry. Now, the European…

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Italy turns to the insurance industry to help with crippling debt crisis

Italy is on the verge of a financial meltdown, which may have dire ramifications for the global economy. Investors and financial institutions have begun casting doubt on Italy’s ability to survive a financial disaster, and now the government is turning to the insurance industry for help. Italian officials are looking to adopt disaster insurance to help mitigate the impact of a potential economic catastrophe. The country’s debt – more than $2 trillion – could mean that it is beyond rescue, even for the insurance industry. The insurance industry in Europe…

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