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Latest news

Insurance Australia to Report Loss, Retreat From U.K. (Update1)
July 9 (Bloomberg) -- Insurance Australia Group Ltd. , the insurer that rejected a takeover offer from QBE Insurance Group Ltd. in May, will report a loss and cut dividend payments as it retreats from the U.K. market.
Read more News Source - Bloomberg.com
Publish date - 00:19:00 07/09/08

Coalition: Health insurance companies go too far
Nearly every week after her mother was killed and her father was gravely injured in a car crash, Stephanie Beck Borden battled her parents' insurance company.
Read more News Source - The Columbus Dispatch
Publish date - 08:03:59 07/09/08

Alabama Drivers Can Now Save Big Bucks Based on How They Drive as Progressive Launches One-of-a-Kind Car Insurance ...
Are you the poster child for safe driving, always leaving plenty of space between you and the car ahead? Or a business traveler who parks your car at the airport several days a week? Or maybe you have a car that you only take out for a spin on warm summer days. If so, your car is probably less likely to be involved in a crash, so shouldn't you pay less for car insurance?
Read more News Source - Centre Daily Times
Publish date - 13:33:59 07/07/08

Australia's IAG says to cut 600 jobs
SYDNEY, July 9 (Reuters) - Insurance Australia Group Ltd (IAG), Australia's biggest home and car insurer, would cut 600 jobs, or about 5 percent of its workforce, to meet its planned A$130 million ($124 million) in annual cost savings, Chief Executive Officer Michael Wilkins told a media briefing.
Read more News Source - Reuters via Yahoo! Malaysia News
Publish date - 04:06:35 07/09/08

Australia's IAG says to scale back UK operations
SYDNEY, July 9 (Reuters) - Insurance Australia Group Ltd (IAG), Australia's biggest home and car insurer, said on Wednesday it would scale back its UK operations and take a non-cash impairment charge of A$350 million ($333 million) in fiscal year ended in June 30.
Read more News Source - Reuters via Yahoo! Singapore News
Publish date - 00:27:11 07/09/08

IAG shares rise 2 pct after business update
SYDNEY, July 9 (Reuters) - Shares in Insurance Australia Group Ltd (IAG), the country's biggest home and car insurer, rose as much as 2.2 percent on Wednesday after it said it would scale back its UK operations.
Read more News Source - Reuters via Yahoo! Singapore News
Publish date - 01:43:41 07/09/08

IAG to cut 600 Australian jobs
Insurance Australia Group Ltd (IAG) says it will cut 600 jobs in Australia as part of a restructure of the home and car insurer. IAG announced on Wednesday that it expected to reap $130 million in annual savings from a new efficiency program.
Read more News Source - The West Australian
Publish date - 04:36:36 07/09/08

IAG to cut 600 Australian jobs
INSURANCE Australia Group says it will cut 600 jobs in Australia as part of a restructure of the home and car insurer.
Read more News Source - Herald Sun
Publish date - 05:21:29 07/09/08

Money tip: Institute offers advice on insuring teen drivers
NEW YORK — This summer you might have a new driver in the family: your teen. With school out, teens will be spending more time on the road. This coupled with the fact that 16-year-olds have a higher incidence of car accidents than any other age group should be enough to make any parent nervous. The right insurance plan will help calm your fears. First, make sure your teen driver is insured and ...
Read more News Source - The State
Publish date - 04:10:26 07/09/08

Texas lawmaker calls for elected insurance chief
By JOHN MORITZ AUSTIN — Saying the state agency that regulates the insurance business should be more accountable to voters than to the industry, a key lawmaker is proposing making the post of Texas insurance commissioner an elective office. State Sen. Juan Hinojosa, a McAllen Democrat who serves on the commission that reviews the usefulness of state agencies, said Tuesday that holding the ...
Read more News Source - Fort Worth Star-Telegram
Publish date - 05:11:09 07/09/08




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