2008-11-11 Chinese insurers approved to invest in non-listed companies

(China Knowledge) - Chinas State Council has given approval to allow insurance companies to invest in non-listed companies, said Yuan Li, spokesman of China Insurance Regulatory Commission (CIRC) at the regular press conference on Friday.

Yuan also noted that CIRC wont restrict insurance fund to invest overseas and is working on relevant QDII rules for the insurance companies.

A-shares of Chinas top three insurers, China Life6016282628LFC, Ping An Insurance6013182318 and China Pacific Insurance601601 all reported gains on Friday, and rose 2. 95 pct. , 4. 75 pct. and 1. 87 pct. to close at RMB 19. 18, RMB 25. 15 and RMB 11. 98 respectively.

www.chinaknowledge.com

Chinas State Council has given approval to allow insurance companies to invest in non-listed companies, said Yuan Li, spokesman of China Insurance Regulatory Commission (CIRC) at the regular press conference on Friday. Big Chinese insurers with good risk management abilities will be involved in the trial

2008-11-11 Tenants seek justice in 11-year battle over contaminated water: Times Argus Online

But lawyers for Parsons Hill and the tenants have filed 10 claims against the insurance companies, arguing that the insurers were not only liable for any damages but that they had tried to skirt their responsibility to pay by committing consumer fraud, negligent acts and even conspiracy by using information obtained about the Rooneys while providing legal coverage to the couple against them later while examining their claim for liability coverage.

During proceedings in Rutland last week, lawyers for the two insurance companies argued that Parsons Hill wasnt eligible for coverage under their policys personal injury clause because there was no evidence of a breach of habitability, such as an eviction or other action that deprived the tenants of their rights to inhabit the project.

www.timesargus.com

Times Argus Online - Vermont election results, news coverage, local news, state government, sports, classifieds - Newspaper timesargus montpelier barre vermont election results news daily news sports obituaries editorial events community calendar headlines classifieds real estate

2008-11-11 VietNamNet-Who protects investors if securities companies go bankrupt

Article No 71 of the Securities Law stipulates that securities companies have to have professional liability insurance or have a fund to compensate investors for damages caused by mistakes of securities companies staffs. Meanwhile, the regulations on the structure and operations of securities companies stipulate that if closing down, securities companies have to have solutions to deal with valid contracts, ensuring the benefits of investors.

Newspaper reporter has found out that only one securities company has used a service provided by the insurer for one year. However, the company is going to stop using the service due to unsuitable provisions. The director of the securities company said that many other companies do not have insurance policies, and they have not been punished for this.

english.vietnamnet.vn

VIETNAMNET - Mang thong tin truc tuyen - VIETNAMNET VIET NAM NET VASC Orient VNN Vietnam Viet Nam Vietnam News Daily News Online Internet Magazine VASC Portal Thoi su Bao Dien tu VietNews Hanoi Ha Noi Saigon Sai gon Tin tuc

2008-11-11 SAS(R) Enhanced Data Management Platform Helps Insurers to Prepare for Solvency II, Better Risk Management

Additionally, Solvency II is beginning to loom large for European insurers. Insurance companies can learn a lot from the challenges banks faced addressing Basel II compliance. One of the biggest issues was the volume, consistency and quality of available data to perform the risk model calculations. Those organizations that initiate an enterprise data management platform will be better prepared for the Solvency II legislation and ultimately the benefits gained from risk management.

Solvency II and the recent financial crisis have highlighted the need for insurance companies to implement risk management solutions. Essential to the success of these systems are initiatives around data and therefore implementing an enterprise data management platform is certainly a key element.

au.sys-con.com

2008-11-11 SuccessFactors Delivers 200 Percent Year-Over-Year Growth Across Canada; Extends Leadership in Human Capital Management-MarketWatch

The opportunity for SuccessFactors in Canada is enormous, given the relatively low market penetration of human capital management solutions. Recent research indicated just over half of Canadian financial services and insurance companies, and only 20 percent of companies in mining, forestry, and oil and gas extraction, had deployed an employee management solution. Companies across Canada are also faced with extremely high employee turnover due to a hot job market, and the anticipation of turnover related to the impending retirement of the Baby Boomer generation.

www.marketwatch.com

- SFSF Successfactors Inc

2008-11-11 Full Capture Solutions Launches "Semantic 360 Data Mart" for Insurance Companies-MarketWatch

Full Capture Solutions, Inc. (FCSi) develops and provides business analytics and search technologies for the insurance industry. By adapting semantic and search technologies to the insurance industry and combining their power with statistical-based analytic modeling techniques, Full Capture Solutions enables insurers to aggregate, mine and extract value from all their data, regardless of its structure, source or form. Full Capture was recently named an "Up and Coming Insurance Technology Firms -- Class of 2008" by IDC Financial Insights and "2008 Financial Services Company of the Year" by the Connecticut Technology Council. For additional information visit

www.marketwatch.com

2008-11-11 More Policies to Be Removed From Florida Citizens Property Insurance Corp.

Together, the companies taking part in this latest round of take-outs have already assumed about 295,000 policies from Citizens, in an effort to spread the risk throughout the state. Citizens had become one of the largest homeowners insurers in Florida -- growing beyond what the corporation was intended for when many coastal homeowners turned to Citizens for insurance after companies such as State Farm, Allstate and Nationwide pulled away from the coastline.

Seven Florida domestic homeowners insurance companies designated as "take-out companies" have been approved to assume another round of policies from the state-run homeowners insurer, Citizens Property Insurance Corp.

insurancenewsnet.com

- Insurance news insurance headlines insurance content

2008-11-08 Dallas-Unfair Park-The WSJ Polices Insurance Companies Image Scanning Police

It baffles me how these insurance companies have to hire other companies who have to employ doctors, nurses, adjusters, and staff with all their benefits, in a sense creating more middlemen then just the insurance company itself between a doctor and his/her patient and how this is supposedly supposed to SAVE money.

Fact of life folks most major companies are self-insured. In other words they set aside a pot of money to cover the anticipated medical expenses incurred by their employees. The insurance companies are hired as gatekeepers by the employers.

blogs.dallasobserver.com

- Dallas news dallas music dallas restaurants dallas movies dallas entertainment best of dallas dallas promotions letters to the editor

2008-11-08 Health insurance companies may exploit top-ups decision, warns union

Unison has warned that health insurance companies may try and cash in on the governments decision to allow patients to top up their NHS care.

Karen Jennings, Unison head of health, said: The big insurance companies are rubbing their hands together at the top-up announcement this week.

People will fear that treatment will not be available on the NHS when they need it and turn to insurance companies to fund the gap.

www.nursingtimes.net

Unison has warned that health insurance companies may try and cash in on the government and rsquo;s decision to allow patients to and lsquo;top up and rsquo; their NHS care. - Acute sector nurses Primary care nurses Breaking news Richard Staines Acute sector nurses Primary care nurses Breaking news NHS top-up insurance companies health Richard Staines

2008-11-06 Tech World: Philadelphia Consolidated Looks to Break Out of Its Base-Optionetics Commentary

Philadelphia Insurance Companies recently was selected to the 2008 Wards 50 group of the top performing property-casualty insurance companies in the industry for the 8th year in a row. Ward Group, based out of Cincinnati, completed the in-depth review of approximately 3,000 property-casualty companies.

The Wards 50 company List have passed all safety and consistency screens and achieved superior performance over the five years analyzed. The Wards 50 property-casualty insurance companies produced an 18. 7 percent return on average equity from 2003-2007 compared to 14. 6 percent for the property-casualty industry overall.

www.optionetics.com

The last earnings report showed very strong earnings growth and has a sales growth of more than15 percent a year.