Australian insurer IAG is to acquire 90% of RACQ’s existing insurance underwriting business for $855m, under a 25-year exclusive partnership between the two companies.
According to the announcement, IAG also has the option to acquire the remaining 10% in two years on similar terms.
RACQ...
BENTON HARBOR, Mich. (WSBT) — A ride-share in Benton Harbor nearly had to close its doors after losing insurance coverage.Dial-A-Ride officials said they’re happy to still be serving the community.Ride shares have become part of our daily lives with Uber and Lyft.Benton Harbor’s...
HONG KONG--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to CTBC Insurance Company Limited (CTBC Insurance) (Taiwan). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect...
A parliamentary select committee has recommended insurance companies be forced to disclose insurance premium calculations amid a surge in the cost of household policies, especially for those living in and around areas prone to natural disasters.The recommendation, one of eight flowing out of...
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