On Wall Street

Insurance

• Wells Fargo Insurance Restructures

  February 21, 2012

  Wells Fargo Insurance, part of Wells Fargo & Co., has a new regional structure for its insurance brokerage and consulting division. Previously operating with 15 regional offices, the business now is based upon seven regions, with about 160 local offices.

• Rule to Ease Consumer Understanding of Health Insurance Policies

  February 14, 2012

  Federal agencies put forth rule requiring insurers to provide explicit information to enrolling consumers.

• 10 Insurers Named Top Companies for Women Execs

  February 13, 2012

  National Association for Female Executives recognizes New York Life, Prudential and eight others for their commitment to women’s advancement in the workplace.

• American Family Launches Mobile Ad Campaign

  February 8, 2012

  Insurer looks to target younger demographic with in-app sponsorship of social gaming app.

• Insurers Aim For India

  January 18, 2012

  Report examines the opportunities and frustrations that await foreign insurers in a growing market.

• Middle Market Employers Eye Health Benefits Cuts in 2012

  December 22, 2011

  About 65% of respondents to an industry survey identified the cost of benefits most often as having the biggest impact on compensation decisions over the past year. The findings could present opportunities for financial planners and advisors who work with retirement plan sponsors.

• Peace of Mind

  December 8, 2011

  Your clients can have homeowners' insurance that monitors for leaks or fires - and even file claims on their behalf.

• Market Risk Weighing On Insurers

  December 5, 2011

  As a teetering Euro threatens more disruption in world financial markets, a new survey reveals widespread concern among those responsible for risk management at U.K.-based insurance companies.

• Americans Need More Financial Protection: Survey

  December 1, 2011

  A majority of Americans are concerned about the “financial protection” of their families, according to a new survey by Ipsos Public Affairs, a global market-research company. The survey was sponsored by New York Life Insurance Company, which launched an index this month called the Personal Protection Index to help Americans measure their level of financial protection.

• Starr Sues Over AIG Bailout

  November 22, 2011

  Former American International Group CEO Maurice R. "Hank" Greenberg is seeking $25 billion in damages from the federal government for the manner in which it bailed out the insurance giant in 2008.

• Towers Watson Expands Reinsurance Brokerage Business

  November 16, 2011

  In an attempt to expand its presence in the reinsurance market to better serve the Southeast, Towers Watson has announced it’s establishing a brokerage operation in the Burlington-Greensboro, N.C., area.

• Bank-Owned Insurers Raked in Record Fees in First Half

  November 9, 2011

  Led by Citigroup Inc., insurance units of bank holding companies generated a record $7.9 billion in fees during the first half of this year, up 14% from the same period in 2010.

• Grotts Takes S.F. Managing Director Post at Wells Fargo Insurance Services

  November 3, 2011

  Wells Fargo Insurance Services named John Grotts as the managing director for its San Francisco office where the 30-year insurance industry veteran will oversee client service, market relations, employee development and recruitment and sales.

• CPAs Urged to Focus More on Financial Planning, Insurance

  October 31, 2011

  Accountants who offer financial planning services can provide their clients much-needed help from a trusted advisor.

• Insurers Fail Trust Test

  October 19, 2011

  In the insurance industry, “trust” is more than a shared concept; it’s a goal tied to business development, strategy and execution. Yet, according to a recent study, only 48% of consumers in the U.S. and the UK trust their insurance provider.

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