INSURANCE NEWS

The regulators have given the green light to Farmers Insurance Group^®.

All regulatory approvals have been given for Truck Insurance Exchange, one of the Farmers Exchanges, to acquire the rights to access renewals on Zurich North America Commercial’s Small Business Solutions (SBS) book of business.

Whether the blended index is performing well or not, owners of a new Allianz Summit II^SM annuity will earn positive indexed interest.

There must be a purpose to their frugality.

New research from Nationwide shows that 57 percent of retirees are living on their Social Security checks and pension funds alone, leaving untouched much of their retirement nest egg. Furthermore, of those who said they live solely on Social Security and pensions, almost 25 percent said they were afraid to spend down their retirement investments.

Willis Group Holdings Limited, a global insurance broker, has announced that it will acquire all of the outstanding stock of Hilb Rogal & Hobbs Company, an insurance and risk management intermediary. The merger will double Willis’s North America revenues and strengthen its position in certain growth markets.