Tripp to run The Hartford's marketing

Karen C. Tripp has joined Hartford Financial Services Group Inc. as executive vice president for marketing and communications.

Tripp, who reported for work Monday, oversees brand management and advertising, Karen C. Tripp, executive vice president, The Hartfordexecutive and employee communications, media relations and philanthropic activities. She reports to Chairman and CEO Liam E. McGee

Billionaires give 91 percent of funds for Rove-tied group

New FEC filings show that American Crossroads, the Karl Rove-backed group that is pouring money into attack ads targeting Democrats around the country, continues to be funded virtually entirely by billionaires.

older models remain most popular with Ohio car thieves

For the second straight year, an insurance industry group names the 2000 Dodge Caravan minivan as the vehicle most reported stolen in Ohio.

The Ohio Insurance Institute says the automobile second most popular with the state's car thieves is the 1995 Oldsmobile Cutlass, together with similar models Ciera and Cutlass Supreme. The 2000 Honda Civic ranks third, followed by the 1995 Buick Century and then the 1999 Ford Taurus.

AIG plans to list AIA on Oct

American International Group Inc   plans to list its Asian life insurance unit, AIA Group Ltd, on October 29, aiming to raise about USD 15 billion in Hong Kong, sources familiar with the deal said on Monday.

AIG, which is nearly 80 percent owned by the U.S. government, is disposing of assets to repay taxpayers who committed USD 182.3 billion to prop up the insurer during the financial crisis.

Insurance Companies Shamelessly Profit From The Death of Servicemembers

Who should be allowed to profit from the death of Soldiers, Sailors, Airmen, and Marines? The question is almost so appalling as to be absurd. And yet, those are the accusations made by family members, that insurance companies are taking advantage of the death of military personnel to make substantial profits on their life insurance proceeds.

NZ insurers move fast after quake disaster

The New Zealand insurance industry is braced for costs in the hundreds of millions of dollars following Saturday’s devastating Christchurch earthquake.

Measuring 7.1 on the Richter scale, the quake has caused at least $NZ2 billion of damage to property and infrastructure.

Insurers have a better half-year

Australian general insurance industry has recorded strong results in the year to June, with net profit after tax rising to USD 4.6 billion, up from USD 2.6 billion in the corresponding period previous year.

Insurers accounted for USD 4.1 billion or 88.2 percent of industry profit.

AIG wants end of Taiwan deal

US Insurance giant American International Group signalled it wants to end the sale of its Taiwan unit to a Hong Kong consortium after the deal failed to get the Taiwanese government's approval.

Taiwan's Investment Commission late last month rejected the application for the acquisition of Nan Shan Life Insurance Co by Hong Kong-listed China Strategic Holdings and its partner Primus Financial Holdings.

Financial Woes Affecting Life Insurance

A new survey found that millions of Americans are having a difficult time doing what they can to protect their family, as more than 35million households are without life insurance.

Robert Kerzner, president of the insurance industry-funded research firm LIMRA said that’s nearly a third of all households. And the survey found that individual life insurance is at a 50-year low.

hurricane risk for insurers

Earl could cause insured losses of less than USD 100 million, catastrophe-modeling firm Eqecat estimated. If the hurricane churns closer to the U.S. mainland in coming days, insured losses could approach USD 500 million, Eqecat said.

The storm may already have caused insured losses of USD 50 million to USD 150 million in the Virgin Islands and Puerto Rico, as well as St. Maarten and St. Martin, according to estimates released Wednesday by catastrophe-modeling firm AIR Worldwide.