Italy’s Generali could be interested in AIA ‘pieces’: report
Posted on June 3rd, 2010
Italian insurer Generali could be interested in “pieces” of AIG’s Asian unit AIA after British insurer Prudential abandoned its ambitious takeover plan, daily Corriere della Sera reported on Thursday.
The newspaper, citing what it described as circles close to Generali, reported that Generali would be interested in purchasing AIA assets on the condition that American International Group cut the price and decide not to list the company Generali had expressed interest previously in some of AIA’s assets in the Philippines.
On Wednesday, Prudential ended its bid to become the world’s top insurance firm outside China, after the troubled US group refused to cut the price tag from 35.5 billion dollars (29 billion euros) to nearer 30 billion dollars.
The mammoth transaction would have been the biggest-ever takeover in the insurance sector. AIG, whic
Tags: Report
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Important Auto Policy Page, The Auto Insurance Declarations Sheet
Posted on June 3rd, 2010
Example Declarations Page
Your auto insurance policy contains a declarations page which will layout out the coverage you’ve purchased from your auto insurance carrier. This is absolutely one page you should have in front of you at the time you begin shopping for auto insurance. This page contains some needed information in assure you will get an accurate rate quote. One other document you may want to have in front of you is your vehicle registration. This may help in being sure you provide an accurate VIN number for the vehicle(s) you plan to insure.
Basically what you will see on top is the company name, the policy period and the policy number. T
Tags: Auto Insurance, Insurance
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LIMRA: Guaranteed Riders Remain Popular With VA Buyers
Posted on May 30th, 2010
WINDSOR, Conn., June 1, 2010— Overall, guaranteed living benefits (GLB) were elected 87 percent of the time (when offered) in the first quarter of 2010, which is slightly down from the annual election rate in 2009 of 89 percent, according to LIMRA’s most recent annuity study.
“Consumers continue to choose GLBs to ensure their retirement security,” said Dan Beatrice, senior analyst, LIMRA Retirement Research. “The importance of the guaranteed paycheck-for-life to consumers is evident as guaranteed lifetime withdrawal benefit (GLWB) riders represent three-quarters of all new premium sold with a living benefit rider.”
The GLWB election rate remained at 64 percent, when any GLB is available for purchase in the first quarter of 2010. Guaranteed
AIG refuses to change conditions of AIA sale to Prudential
Posted on May 30th, 2010
US insurer AIG said Tuesday it had refused to modify the conditions for the sale of its AIA Asian unit to British rival Prudential, which had asked for the price to be cut.
“After careful consideration, the company will adhere to the original terms of its previously announced agreement,” American International Group said in a statement.
“The company will not consider revisions to those terms,” it added. Prudent
Tags: Prudential
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Tropical storm Agatha kills more than 100 in Central America
Posted on May 29th, 2010
A violent storm that walloped Central America over the weekend killed more than 100 people and left a swath of destruction, officials said Monday.
Tropical Storm Agatha, the first in a season of tempests that annually strikes the region, was especially brutal in Guatemala, where 92 deaths were recorded, mostly from mudslides. Another 54 people were missing.
Among the dead were four children in a house that was swept away in a landslide, officials said. According to authorities, the toll across the region Monday stood at 115, counting the 92 in Guatemala, 14 in Honduras and nine in El Salvador.
Tens of thousands of people were in shelters, either because their ramshackle homes had been destroyed or they were evacuated from the path of possible flooding.
Tags: America, Central America, Storm Agatha, Tropical Storm Agatha
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Arizona Risk Statistics ,Insurance and Tips for Arizona Driving
Posted on May 29th, 2010
Highway or Offroad, Always Pack Water
Did you know…, Within the state of Arizona approximately 2.57 persons were killed each day in auto accidents? This information was taken from 2008 statistics provided by the motor vehicle department. So by the time dinner comes around tonight, 2 more motorists will have to face this statistic.
Also…, Over 150 are injured every day in car accidents. A little of 38% of all fatal accidents were resulted from drinking and driving. Wit
Tags: Arizona, Arizona Driving
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