99Insurance Blog

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (8/28/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Insurance Suit Ends With $14 Million Settlement
After six years and a circuitous route through state and federal courts, a class action claiming that interrelated insurance companies illegally raised health policy premiums on small-group policyholders has settled for more than $14.6 million. “There are going to be substantial refunds for the folks who bought these policies,” said one of the lead attorneys. “This is not one of those … (More)

Insurance Rates On Gulf Coast Skyrocketed After Katrina
Mississippi Gulf Coast residents struggled to rebuild with the skyrocketing insurance costs in the wake of Hurricane Katrina. (More)

Financial Stocks: Financials rise with GDP, Bernanke in view
U.S. financial stocks shook off early losses Friday and rallied following the latest economic data and a widely anticipated speech by Federal Reserve Chairman Ben Bernanke. (More)

Investors buy ING’s Canadian industrial properties for C$2 billion; ING sells majority stake
A pair of private equity investors will buy ING Summit Industrial Fund LP, a portfolio of light industrial properties in Canada, for 2 billion Canadian dollars, the Dutch bank ING Groep NV said Friday. (More)

Insurance Articles

Eight Kinds of Insurance Never to Buy
You got to hand it to them, if nothing else, insurance companies are creative. Who else would come up with the idea of health insurance on your pet? It’s a nifty idea – definitely worth a chuckle, but not worth the dollar of your hard-earned cash. Here are some other insurance policies to avoid: (More)

Interpretation and Rectification OF ARPI – Implied Terms
It is also possible that, on occasions, a court can look beyond the express terms of a contract to imply terms to fill a gap left by the assured and the underwriter. This is a very uncertain process and not to be recommended to the parties as a method of supplementing the terms of the contract Parties frequently seek such relief, but the courts are generally reluctant to allow it. (More)

Contact Insurance – Consideration, Fronting – A Working Example
The “Tomboy Toy Company Inc.” wished to purchase ARPI from “Calamity Insurance” to cover worldwide locations. Unfortunately, Calamity Insurance was not authorised throughout South America and was obliged to use the services of Only Front Insurance, a locally authorised company in Peru. (More)

Small Stores Deserve Big Protection
But behind the scenes of any business there is a great deal of hard work involved. New stock needs to be ordered, staff rotas must be organised and accounts have to be kept up to date. Local stores … (More)

Medicare Insurance – What Is Covered By Medicare?
There are certain things that Medicare will and will not cover. In order to qualify for Medicare coverage, you must be 65 years old or older. Alternately, you can be younger if you are disabled and ha… (More)

This newsletter is provided by 99Insurance.com.

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (8/19/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Berkshire rebuilds stake in J&J
In business for over 100 years, Bergman Jewelers has been family owned and operated for 5 consecutive generations. (More)

Hedge Funds: Hedge funds take a liking to mortgage insurers
Some big hedge funds have taken a liking to mortgage insurers in recent months, especially PMI Group, whose stock-market value has plunged in recent years. (More)

The Hartford taps latest new top exec
The Hartford Financial Services Group said Tuesday that it has named insurance executive Andy Napoli as president of its consumer markets group. (More)

Accc chair recused from Axa Nab talks
The chairman of the competition regulator says he will recuse himself from deliberations over National Australia Bank Ltd’s $13.3 billion proposed takeover of AXA Asia Pacific Holdings Ltd . (More)

Insurance Articles

The Secret Benefits of Fleet Insurance
The easiest way of covering a number of different vehicles is by taking out comprehensive fleet insurance. Many people will disre… (More)

Are You Looking For iPhone Insurance?
If you want to buy an iPhone, then do not forget to get it insured instantly. IPhone insurance gives you assurances of getting refund in case of loss, theft or damage. (More)

Tips to Get Great Insurance Cover From Excellent Providers
This article highlights the use of a good insurance policy to cut costs by keeping premiums low. It does, however, warn people to check out the small print so that costly mistakes are not made. (More)

This newsletter is provided by 99Insurance.com.

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (8/11/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Provider Insurance Group Has A Seat at the Top of the Table – Account Executive, Chris Bradley Qualifies for the Top …
Provider Insurance Group is proud to announce account executive; Chris Bradley recently qualified for the Top of the Table. To qualify for a seat at the table is an honor within itself. Only 1% which is 30,000 of the worldwide insurance agents belong to the Million Dollar Round Table and of those 30,000 members less than 1% qualify for the Top of the Table. The Million Dollar Round Tables Top … (More)

Robert L. Pratter Named Acting PA Insurance Commissioner
Governor Edward G. Rendell has named Robert L. Pratter to serve as acting Insurance Commissioner for the Pennsylvania Insurance Department. (More)

Before the Bell: Scotts, InterContinental, MBIA in spotlight
U.S. stock futures fell Tuesday, with nervousness ahead of the Federal Reserve’s announcement on monetary policy weighing on sentiment. (More)

Fla. Insurance Co. To Expand To Bay State
United Insurance Holdings Corp., a St. Petersburg, Fla., property and casualty insurance holding company, plans to submit applications to write property and casualty insurance in Massachusetts and five other states. (More)

Lincoln Investment doubles sales force
Investment broker/dealer Lincoln Investment Planning has doubled its sales force by acquiring the licenses of 310 financial representatives and related retail accounts from insurer Great American Financial Resources. (More)

WellPoint boosts debt offering to $1 billion
Indianapolis-based WellPoint Inc., the largest U.S. health insurer by enrollment, boosted a two-part offering of notes to $1 billion from $750 million, according to a person familiar with the offering. (More)

Insurance agent always had career insurance
Insurance against a possible wrong career move was something that Burt Tyler never worried about or needed. (More)

Insurance Articles

Documenting Your Items For Insurance
Purchasing insurance and managing the risk is difficult. For every risk you learn about, there are multiple strategies that you can use to successfully cut down the risk. So keeping it simple is the best road to go through. (More)

Funeral Insurance – Isn’t it About Time You Got Funeral Cover?
It is always a hard time when a loved one passes away and the last thing you want to be thinking about are the funeral costs. You want to be spending time with family and friends and have so many things to do such as meet the lawyers, doctors, funeral directors that the last thing you want on your mind is coming up for the cash to pay for a funeral – this is where funeral cover comes in. (More)

Home Possession – Road to the Poor House!
Home Possession – Road to the Poor House! Home possession has been widely thought to be the “best money investment,” and the most sure path to monetary prosperity. Consequently, ma… (More)

Aon Corp. — the insurance broker
Whether are you the skilled professional or only realisation of your career, at Aon there is a possibility for you. As the leader broker and a consulting firm in the field of insurance services in the… (More)

This newsletter is provided by 99Insurance.com.

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (8/4/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Insurance Auto Auctions Launches Mobile Buyer Technology
WESTCHESTER, Ill.–Insurance Auto Auctions, Inc., the leading hybrid model salvage auto auction company and a wholly owned subsidiary of KAR Auction Services, Inc. , today confirmed the compatibility of its I-bid Live? online bidding platform and its buyer facing technology, the IAA Auction Center, with Apple-based mobile technology. (More)

HCC Insurance says net income falls in 2Q
Specialty insurance provider HCC Insurance Holdings Inc. said Tuesday that its net income slipped by 9 percent in the second quarter as its income from fees and commissions fell. (More)

Insurance Outlook: Is the Worst Behind Us?
The insurance industry continues to be challenged by regulatory uncertainties and massive health care restructuring. (More)

Insurance Claim Links Texas Driver To Hit-And-Run Death Of Marine
An insurance claim led police to the driver involved in an automobile-pedestrian collision that resulted in the death of a Marine. (More)

Insurance claim gives police a tip on hit-and-run
An insurance claim proved to be the linchpin in leading Irving police to a man accused in the hit-and-run death of a 23-year-old Marine. (More)

Insurance Articles

Mis-Sold Payment Protection Insurance – Do You Have a Claim?
There has been quite a bit of controversy over recent years about payment protection insurance (PPI), mainly due to overzealous brokers using unethical practices when selling it to clients. The term now used for this activity is called mis sold payment protection insurance or mis sold PPI. (More)

How PPI Advisors Can Help You
Perhaps the most important resource that a PPI advisor can provide for any individual is a better grasp of what he or she is entitled to as a credit consumer and how to get help in seeking protection from illegal practices such as insurance mis-selling. Any form of Payment Protection Insurance (PPI), as its name implies, is expected to help in ensuring that payments for loans or credit cards continue to be settled completely and in a timely manner in the event that sudden ill health or unemployment keeps borrowers from doing so themselves. (More)

Payment Protection Insurance – PPI Basic Facts and Information
Most conscientious loan borrowers will often worry about what they would do in the event they were unable to work because of injury, illness or if your position at your place of employment becomes redundant. There is something called PPI which was created for these sorts of situations. (More)

Car insurance: For the desirable assets
Today the car is more than just a mere thing for luxury. For today’s man it is very important to understand the role and the importance of the car insurance policy. It is the car insurance policy that… (More)

How Secure is your Health for Your Journey?
Migrating or traveling to another country may be a risky decision if you are not covered under an expatriate health insurance. It is true because illness or accidents may occur anytime without any pr… (More)

This newsletter is provided by 99Insurance.com.

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (7/28/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Health Insurance Stocks Sliding Despite Strong Q2, 2010 Forecast From Aetna
Health insurance stocks are under pressure in late-morning trading on Wednesday, contributing to the moderate pullback by the broader markets. The sector is being hurt by Aetna (AET), which is down even after its second quarter earnings, revenues and 2010 forecast beat estimates. (More)

Insurance Regulators Seek Firm to Weigh Losses on Commercial Mortage Bonds
State insurance commissioners, seeking an alternative to rating firms Moodys Investors Service and Standard & Poors, are seeking a company to review investment losses that carriers may suffer on about 7,500 commercial-mortgage backed securities. (More)

Insurance violations result in penalties – Wed, 28 Jul 2010 PST
A Spokane Valley man has lost his insurance license and a second agent has been fined for bookkeeping so sloppy that one clients policy got cancelled because premiums were not forwarded to his insurance company, according to the Washington Insurance Commissioners Office. Ross Culverhouse had his license revoked after notifying his employer, Schrader & Murphy Insurance Inc., he had taken $700 … (More)

Aetna posts higher 2Q profit up 42 percent
Health insurer Aetna Inc. said late Tuesday its second-quarter profit rose 42 percent, as the percentage of premiums the company spent on medical care fell versus a year ago. (More)

Indications: Futures rise on strong earnings from DuPont, banks
U.S. stock futures extended their gains Tuesday after an index of home prices climbed in May, further bolstering sentiment that came with strong earnings from chemical maker DuPont Co. (More)

Insurance Articles

Subrogation Recovery – Why You Should Partner With an Outsourced Insurance Subrogation Provider
Completing the subrogation recovery process on a regular basis is essential to the success of any insurance payor. To ensure that all instances of overpayment are identified and settle, most efficiently, the subrogation recovery process should be left to an expert insurance subrogation provider. (More)

Auto Insurance Form
Wouldn’t it be wonderful to complete one auto insurance form and receive quotes from all of the top auto insurance companies in the business? Would you love to eliminate the pain of hand cramps fr… (More)

Act Gives Oregon Families Another Reason to Buy Family Insurance
Oregon, due to its Family Health Insurance Assistance Program, never really had to be anxious about insurance or premiums. And the Affordability Care Act has proved to be a boon for the families in Oregon. Here is a glimpse at what the Act has in store for Oregon and its residents. (More)

Provide Executives With a Company Paid Insurance Policy Without Getting Nosy
How is it possible to provide the company executive with a paid for life insurance policy without having to set the exec down and spend time probing into personal issues or at least to have to work through decisions on what type of insurance is best. Many companies that want to provide insurance coverage as a perk for employees have chosen to go with term life insurance because it is easy to procure, easy for the company to administer, and gives the executive and family the peace of mind that comes from having life insurance. (More)

A Term Life Insurance Policy Can Be a Welcome Perk For an Executive
Executives these days are coming under more scrutiny by shareholders for exorbitant salaries and stock option rewards. However, there is no lessening of demand for the top performers for corporate lead roles. (More)

This newsletter is provided by 99Insurance.com.

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (7/20/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Insurance Commissioner Highlights Investigation on Health Insurance Company ‘Profiling’ Practices, Urges Legislative …
PITTSBURGH, July 20 /PRNewswire-USNewswire/ –Testifying before the House Insurance Committee in Pittsburgh, Insurance Commissioner Joel Ario today discussed the findings of the department’s investigation on the rating practices of the top nine health insurance companies in Pennsylvania. “Our investigation revealed that health profiling, including the use of individual medical questionnaires … (More)

Not-for-profit insurance carrer pays $10,000 fine
A small writer of medical malpractice insurance in New Jersey has paid a $10,000 fine to the state Department of Banking and Insurance, following complaints about its marketing practices. (More)

Insurance Commissioner Highlights Investigation on Health Insurance Company ‘Profiling’ Practices, Urges Legislative …
PITTSBURGH, July 20 /PRNewswire-USNewswire/ –Testifying before the House Insurance Committee in Pittsburgh, Insurance Commissioner Joel Ario today discussed the findings of the department’s investigation on the rating practices of the top nine health insurance companies in Pennsylvania. (More)

UnitedHealth’s 2Q profit rises 31 percent
Health insurer UnitedHealth Group said Tuesday its second-quarter profit jumped 31 percent as both enrollment and costs came in better than Wall Street expected. (More)

Thrivent Financial presents honor
JOHNSON CITY Chris VanHart, a financial representative with Thrivent Financial for Lutherans, has qualified for the organization’s Sierra level honor for sales and service achievements in 2009. (More)

Insurance group upgrades fire rating
Insurance Services Organization gives town second-highest rating after closure of Geneva firehouse (More)

Insurance Articles

Do Rich People in General Need Insurance?
It all depends on how rich the people really are, and how often they partake in certain activities. For instance, consider a certain person with a lot of money rarely drives. (More)

What Kind of Insurance Do I Need?
There are so many different types of insurance. Consider these issues to work out what insurance you need. (More)

How Dental And Health Insurance Plans Perform The Job
Looking for the best dental and health insurance plan is usually a common problem for many people nowadays. There has been a great increase among people who are self-employed and more companies and em… (More)

Why You Should Have Wedding Insurance
Wedding insurance can be defined as “an insurance policy that covers your wedding and financially protects you against misfortune and mishap.” Although it may sound exotic, even a luxury, it is an unusually usable approach to conceal your risks. (More)

Understanding Insurance Policies
If you have hesitated to travel overseas for fear of getting ill or injured, you can now put your worries to rest. You no longer have to be concerned about exorbitant medical expenses or upfront payments. Now there is medical insurance that protects you once you leave home. (More)

This newsletter is provided by 99Insurance.com.

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (7/14/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Harel Insurance Says Compromise Agreement Reached on Dental Policies Suit
Harel Insurance Investments & Financial Services Ltd. said a compromise agreement has been reached in the Tel Aviv District court on a lawsuit brought against one of its units regarding the sale of dental policies, bringing the matter to a close, according to a statement to the Tel Aviv Stock Exchange. (More)

Most actively traded companies on the TSX, TSX Venture Exchange markets
Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange : Uranium One Inc. (More)

Crop insurance companies agree to subsidy cuts
All 16 private insurance companies that participate in a federal crop insurance program have signed off on a plan designed to cut their subsidies by $6 billion over the next 10 years. (More)

Insurance brokers who dealt with Toms River schools arraigned in Perth Amboy case
An insurance broker whose dealings with the Toms River Regional School District have come under scrutiny has pleaded not guilty to charges that he and two co-defendants bilked Perth Amboy out of more than $200,000 for a wellness program that did not exist. (More)

Chinese investors circle AIG’s Asian unit
At least four consortiums made up of private Chinese investors have approached US insurance giant AIG to acquire its Asian unit AIA, a Hong Kong newspaper reported on Tuesday. (More)

Insurance Articles

Early Cancellation of Errors & Omissions Insurance Policies – What to Expect
If you’re thinking about canceling your errors & omissions insurance policy before the end of the one-year term, it pays to understand how much of a refund or “return premium” to expect. The return premium is the amount of the insurance premium that was not used or “earned.” (More)

Public Liability Insurance – Being Safe Just Got Easy
Public Liability Insurance is very essential for many business houses and commercial outlets. Online insurance portals offer this insurance in an easy to use format that has much to recommend it. (More)

College Insurance
A college may offer the student a discounted health insurance plan that is not as costly as one obtained privately. The student is generally in great health. A lot of kids today have to work at least one job if not 2 or 3 to get themselves through school. (More)

Know More To Benefit From Your Car Insurance Policy
What to Know To Truly Benefit From Your Car Insurance Policy Summary: A car insurance polic… (More)

This newsletter is provided by 99Insurance.com.

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (7/5/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Erie Insurance volunteers + sunshine = new look for city schools
It was a perfect day to get out of the office. With a blue sky, a cool breeze and temperatures in the low 70s, the Erie Insurance Group finance staff got a holiday from numbers and computers on June 25 and got outside and got their hands dirty instead. (More)

Iran sanctions law shields insurance industry
Insurers and reinsurers that conduct due diligence likely would be exempt from new sanctions facing companies that do business with firms involved in Iran’s energy sector under… Subscribe to Business Insurance for premium online access Subscribers to Business Insurance receive not only the weekly newspaper but also the broadest access to rich and … (More)

Warren Buffett donation adds $1.6 billion to charity
Billionaire US investor Warren Buffett has donated $1.6 billion to charity through the Bill Gates Foundation. (More)

Insurance Articles

Health insurance: The desirable requirement for every person
With the passage of time the number of people buying and relying on the health insurance policy has increased. Today it is very important for the man to realize that health is wealth. It is the health… (More)

Health insurance: The future is never certain
With the passage of time the level of the population has been increasing at a very constant rate. It is hence very important for the man to realize the role and the importance of the health insurance … (More)

Keep Your Insurance Policies Away From Identity Thieves
One of the major identity theft risks is your personal insurance policies. From Life Insurance to Medical Insurance, identity thieves can steal your coverage and disappear into another jurisdiction. Not all identity theft can be stopped no matter how vigilant we are that is why we need Restoration Services to restore our good name and finances. (More)

Take Accident Covers and Have an Easy Time
We are living in a very unpredictable world. Anything can happen at any time and at any place. It is always wise to be prepared and to always know where to go when certain situations occur. One of these situations is accidents. (More)

This newsletter is provided by 99Insurance.com.

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (6/29/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Security glitch exposes WellPoint customer data
Indianapolis-based WellPoint Inc. has notified 470,000 individual insurance customers about a security breach that may have exposed medical records, credit card numbers and other sensitive information. (More)

Aflac rids itself of Greek debt
Aflac Inc. has divested itself of all Greek debt and reduced its exposure to Eurozone sovereign debt. (More)

East Bay retail sites attract buyers
Some retail sites in the East Bay, many of them long empty, are starting to entice buyers and tenants – but the price has to be right. (More)

Insurance Articles

Public Employers Liability Insurance Covers Most Workplace Incidents
The world of business is one which encompasses many areas of life. You will find that regardless of the type of work that you do you are bound to interact with a number of people. Many of these people will include customers, staff, potential new clients and staff from other companies who provide your company with the tools, equipment, stationary items and even software which are required for the smooth functioning of the company. Since this is the case you will find it most useful if you have a public employers liability insurance policy to cover any situations which can arise from the interaction of numerous people in a business environment. (More)

Employer Public Liability Insurance Policies Vary Considerably
In the world of business you will find there are a number of different employees who perform various tasks ensuring the smooth running of the business. As these various staff are engaged in activities which they have been employed for it is vital they be given a working environment which is safe for them. It is in this regards that you will find the employer public liability insurance policy to be a great asset to your company. The reason why you should look for the best possible liability insurance policy in this category is that should any injury occur to your staff while they are working under your directions or the company, then it is up to the employer to pay for any damages the staff member in question might be claiming. (More)

Car Insurance quotes Without Personal Info – The Magic of Internet
When we were young, could we even think of the wonder what internet can do? I guess the answer is no. internet has developed its way through all technologies. You may consider anything, and you sh… (More)

Affordable Health Insurance
Easy Ways to Choose Affordable Health Insurance Summary: Everyone is looking for an affordable … (More)

What is the Price of Title Insurance?
Lender’s title insurance protects a lender against claims and losses that may arise disputing the ownership of property in court. Homeowners may also purchase title insurance to protect their interests in the property. Unlike many other policies that have annual premiums, this insurance requires only a one-time premium payment. Knowing the price of title insurance will help an individual during the process of comparison shopping. (More)

This newsletter is provided by 99Insurance.com.

Dear 99Insurance.com Readers,

Welcome to the Insurance Newsletter (6/23/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 99Insurance.com.

Insurance News

Insurance Sales Decline for 12th Straight Quarter
U.S. property and casualty insurance sales dropped for the 12th straight quarter as employers scaled back coverage with the jobless rate near a quarter-century high. (More)

Risk & Insurance Online – Story
Insurance sales decline for 12th straight quarter as employers scale back (Bloomberg). (More)

Insurance credits for wind-resistant homes in effect next May
By Wayne Faulkner Wayne.Faulkner@StarNewsOnline.com Insurance premium credits become effective next May 1 for homeowners who make their houses more resistant to windstorm damage, N.C. Insurance Commissioner Wayne Goodwin announced Wednesday. (More)

Wash. insurance commissioner meets with Obama
Insurance Commissioner Mike Kreidler joined a handful of other state insurance commissioners for a meeting with President Obama about the new federal health care reform law. (More)

Eastern Insurance completes $34M subsidiary sale
Eastern Insurance Holdings Inc. has completed the sale of its group benefits insurance subsidiary, Eastern Life and Health Insurance Co., for $34.1 million. (More)

Insurance Articles

Sporting Event Insurance Will Make Sure the Event Organiser is Not on the Losing Team
Of all the different types of insurances, sporting event insurance is one of the less known insurance policies and the benefits for a business taking out this insurance can be very important especially from protecting them against factors that can happen unexpectedly. Sporting events are excellent opportunities for many businesses to become popular and make money at the same time. If you want your company to stay ahead of other companies, you should take out the cover of every possible aspect and should cover as many factors as possible. When planning any type of sporting event, the importance of taking out a comprehensive and reliable insurance becomes paramount, as there is a lot of risk involved in such events. (More)

Income Protection Policy – A True Cover in Times of Unemployment!
To ensure that your house hold bills, kid’s educational bills, hospital bills, credit card dues and mortgage payments are on time, you must have some policy on hand. Your life will not be secured if you don’t have a rightful policy. (More)

PI Insurance: Accounting For Mistakes
When an accountant has been working with a client in good faith it can come as something as a shock when the client begins legal action against them. There can be several kinds of claim an accountant … (More)

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