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Booked 1.52 Times, GMP Nosedives Back To Nil

The initial public offering of Niva Bupa Health Insurance Co. has been subscribed 1.52 times so far on the third day of bidding. The issue was subscribed 1.17 times on Day 2, and 0.65 times on the first day on Thursday. The grey...

FRA continues formulating necessary policies to enhance efficiency, competitiveness of insurance sector: Farid

Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), delivered the keynote speech at the sixth annual Insurance and Reinsurance Forum in Sharm El-Sheikh, organized by the Insurance Federation of Egypt, under the title “A Future Vision for Developing the Insurance Industry.” The...

Lawsuits against insurers declined again this year. Will this year’s hurricanes reverse the trend? – Insurance News

Lawsuits against insurers in Florida have continued to decline in 2024 following reforms enacted two years ago. Insurers say the declines have reduced costs and helped them to reduce or stabilize rates charged to policyholders. Attorneys who represent insurance customers counter that the reforms made...

Still going strong: Gingrich Agency celebrates 70 years | News, Sports, Jobs

Jill Gingrich, Clay Gingrich and Jaime (Gingrich) Vescovi of Warren A. Gingrich Insurance Agency, Altoona. Mirror photo by Patrick Waksmunski <!-- SHOW ARTICLE --> The Warren A. Gingrich Agency has been providing insurance for 70 years and plans to continue well into the future. Founded on...

IRS PLR: Insurance Company Contract to be Treated as Annuity Contract (IRC §72)

The IRS has published a private letter ruling on Section 72 regarding annuities and certain proceeds of endowments and life insurance contracts. Source link