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Saturday, 31 July 2010
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Home arrow News arrow Non-Life Insurance
The Hanover Insurance Group announces the sale of its remaining run-off life insurance business
Non-Life Insurance
Thursday, 31 July 2008

Worcester, PRNewswire-FirstCall: The Hanover Insurance Group, Hanover Logo Inc., announced today that it has entered into a definitive agreement to sell its remaining Commonwealth Annuity and Life Insurance Co Logo run-off life insurance business, First Allmerica Financial Life Insurance Company (FAFLIC), to Commonwealth Annuity and Life Insurance Company, a Goldman Sachs Company. In conjunction with the closing of this transaction, The Hanover is seeking approval from the Massachusetts Division of Insurance for a pre-close dividend from FAFLIC of various assets valued at approximately $160 million. Total net proceeds from the sale, including the dividend, and after transactions costs and intercompany account settlements, are projected to be valued at approximately $220 million.

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Hanover ready to serve policyholders impacted by Hurricane Dolly
Non-Life Insurance
Wednesday, 23 July 2008

Houston, PRNewswire-FirstCall: The Hanover Insurance Group, a Hanover Insurance Group Logoleading super regional property and casualty company, today announced it is prepared to respond to claims resulting from Hurricane Dolly, which is sweeping through southern Texas today.

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Facts about Travel Insurance & Pre-existing Medical conditions from InsureMyTrip.Com
Non-Life Insurance
Tuesday, 22 July 2008

PRNewswire: InsureMyTrip.com, a leading online travel insurance comparison site, reports that an overwhelming number of today's consumers share a common concern: can you purchase travel insurance if you have a pre-existing medical condition?

"First and foremost, consumers need to know that Pre-existing Medical Condition Waivers are available on many of our Insure My Trip Logo comprehensive Trip Cancellation Package Policies," explains Jim Grace, President and CEO of InsureMyTrip.com. "These policies offer a full complement of benefits including coverage for pre-existing medical conditions. Additionally, to fully take advantage of these waivers, you need to understand some of the purchase requirements and policy terms." InsureMyTrip sheds light on this issue by answering these frequently asked questions:

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PMI introduces integrated rate quote and payment comparison tool
Non-Life Insurance
Tuesday, 22 July 2008

California,  PRNewswire: PMI Mortgage Insurance Co., today PMI Logo introduced the next generation web-based tool that allows users to obtain rate quotes and compare multiple mortgage insurance payment plans in one step.

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Key Risk introduces online video library
Non-Life Insurance
Saturday, 19 July 2008

US: Key Risk, a leading provider of workers Key Risk Logo compensation insurance products and services for employers throughout the Eastern United States, announced today the launch of a new online video library.

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J.D. Power and Associates reports: Overall satisfaction with Dealer service increases due to both im
Non-Life Insurance
Thursday, 17 July 2008

California, PRNewswire: Overall customer satisfaction with dealer J.D.Power and Associates Logo service improves considerably in 2008 -- with more than two-thirds of the 37 ranked brands demonstrating gains -- according to the J.D. Power and Associates 2008 Customer Service Index (CSI) Study(SM) released today.

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Aerospace Insurance premiums fall by up to 11 percent in 2007: Aon Analysis
Non-Life Insurance
Wednesday, 16 July 2008

CHICAGO, PRNewswire-FirstCall: The Aerospace Insurance market softened in 2007, responding to the high level of capacity and low level of losses in the aviation industry over the last five years, according to Aon's Aerospace Insurance Market Review of 2007. The average 6 percent reduction in lead premium was not as significant as the fall witnessed in the airline insurance market, but the direction was consistent across the manufacturer, service provider and airport sectors that comprise the aerospace insurance market.

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J.D. Power and Associates reports: Erie Ranks highest in new buyer satisfaction with the Auto Insura
Non-Life Insurance
Thursday, 10 July 2008

Calif., PRNewswire: Erie ranks highest among 18 major auto insurance companies in satisfying new buyers with the purchase experience, according to the J.D. Power and Associates 2008 Insurance New Buyer Study(SM) released today.

The study examines the purchase behaviors and overall satisfaction of buyers who shop for a new auto insurance company. Three key factors are measured to determine overall satisfaction. In order of importance, they are: distribution channel (50%), price (29%) and policy offerings (21%).

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