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Allianz CEO Diekmann: Solvency II, Basel Create Room for Acquisitions
Michael Diekmann, chief executive officer of Allianz SE said tougher financial regulation will create takeover opportunities for Europe's biggest insurer. "If Solvency II and Basel III mean more ...
Spending on Ads Beats Spending on Auto Insurance Agents: Researchers
Research published by Nomura Equity Research in mid-October shows that GEICO has overtaken Allstate to become the nation's second-biggest auto insurer, and that agency-writer Progressive is losing ...
Federal Agencies Prepare Rule Requiring Lenders to Accept Private Flood Insurance
Five federal regulatory agencies are considering a rule that could boost sales of private flood insurance. The proposal would require lenders to accept private flood policies to satisfy the mandate ...October Typhoon Activity in Asia Fast Reaching Record Status: RMS
October 2013 has been remarkably active for typhoons in the West Pacific. Halfway through the month the region has already seen the formation of six tropical storms—four of which have reached ...MGIC Posts Second Profit in a Row as U.S. Housing Market Recovers
Mortgage insurer MGIC Investment Corp. posted its second straight quarterly profit as a recovery in the U.S. housing market lowered the number of defaulters, sending its shares up as much as 16 ...
Bernanke Does Not Have to Testify in AIG Bailout Lawsuit
Federal Reserve Chairman Ben Bernanke does not have to testify in the multibillion-dollar lawsuit by the former chief of American International Group Inc. against the United States over the insurer's ...
Allianz CEO: Expanding Pimco Equity Tougher Than Expected
Michael Diekmann, whose Allianz SE owns Bill Gross's Pacific Investment Management Co., said a plan by the bond-fund manager to expand into equities is proving harder than expected. Pimco's stock ...
Q&A on Risks of U.S. Treasury Default
U.S. lawmakers are negotiating to raise the debt ceiling before the Treasury is expected to run out of funds, leaving the country at risk of defaulting on its debt. Below are some key questions ...