business - "insurance"

LONDON (Reuters) - Warren Buffett's Berkshire Hathaway Inc has pulled out of the bidding in Royal Bank of Scotland's 7 billion pound ($13.62 billion) auction of its UK insurance business, the Financial Times reported on Friday.

California lawmakers can help reduce smoking rates in the state, particularly among the Asian-American population, by ensuring that Medi-Cal, the state's health insurance program for the elderly, disabled and poor, covers the full range of smoking cessation services.

Allstate Corp.'s subsidiaries can resume selling new car insurance and other policies in Florida after the insurer turned over documents showing how it sets homeowners rates, the state said Friday.

Brian Duperreault bought $1.1 million in the insurance/consulting firm's stock.

'We're looking forward to having a continuous dialogue with the (state Office of insurance Regulation) and other leaders about solutions to the property insurance market.' Allstate Corp.'s insurance companies can resume selling new car insurance and other policies in Florida, the state's insurance regulator said Friday. insurance Commissioner Kevin McCarty lifted the suspension because he said Allstate has turned over documents that regulators demanded along with an affidavit that everything being sought was included. The state had said since January that the company hadn't sufficiently complied with subpoenas seeking information about how Allstate sets homeowners insurance rates. McCarty moved then to suspend the company, but it appealed.

HEWLETT, N.Y.----DCAP Group, Inc. , the largest chain of independent storefront insurance agencies in the Northeast, today reported a net loss for the first quarter of 2008 of $229,658 (or per diluted share) as compared to net income of $88,794 in 2007 .

Max New York Life insurance has launched its new and secure payment solution for its policyholders to make policy payments using their mobile phones. Citibank India and mCheck will power the new solution.

A perfect example is united healthcare (UNH), one of the largest health insurance providers in the country. The combination of political risk and a recent acceleration in healthcare cost inflation have investors nervous. ...

IBM Unveils insurance Operations of the Future Powered by SOA ARMONK, NY--(Marketwire - May 13, 2008) - IBM (NYSE: IBM) today announced two new advancesin the insurance industry -- a solution for improving operationalefficiency and a framework for process acceleration -- that are designed tohelp insurance providers lower costs and increase customer satisfaction byhandling core functions, such as claims and policy processing, moreefficiently. Once implemented insurance companies will be able to automate

On Friday, the state insurance commissioner lifted a suspension that banned the company from selling new car insurance policies and other coverage in the state.