Insurance News
No fee required: Chiropractor eliminates need for insurance, works on honor system
TANEYTOWN - No appointment? No insurance card? No problem. A few chiropractors in Maryland, and about two dozen chiropractors across the country, run their business using an honor fee system. (Thu, 15 May 2008 12:39:50 GMT)
Insurance Industry Embraces Iontas' Focus Software Suite For Six Sigma Initiative
Iontas reported today that a large U.S. Life Insurance company has purchased all three products in the Focus software suite: Process Focus, Activity Focus, and Event Focus. (Thu, 15 May 2008 12:23:47 GMT)
N.J. Lawmakers Weighing Health Insurance Proposal
All New Jersey children would have to have health insurance and all taxpayers would have to annually prove they have health insurance under a proposal to be weighed for the first time Thursday by senators. (Thu, 15 May 2008 11:08:46 GMT)
Nelson targets petrol, health insurance in reply
Opposition Leader Brendan Nelson has promised to overturn the Government's tax increase on pre-mixed alcohol and to scrap the changes to private health insurance, in his Budget reply speech tonight. (Thu, 15 May 2008 10:30:33 GMT)
Nelson targets petrol, health insurance in reply
Opposition Leader Brendan Nelson has promised to overturn the Government's tax increase on pre-mixed alcohol and to scrap the changes to private health insurance. (Thu, 15 May 2008 10:04:00 GMT)
Recovering damages: Tips for homeowners-insurance fire claims
Question: Will my insurance company pay to repair or rebuild my home? (Thu, 15 May 2008 09:56:35 GMT)
FBI seizes records tied to Lubbock insurance dispute
Two days before Lubbock changes mayors, FBI agents seized documents Wednesday from the city of Lubbock related to its long-running insurance dispute with Ted Parker's American Administrative Group. (Thu, 15 May 2008 09:38:13 GMT)
Insurance fraud? Iraqi companies probed
Companies working on Iraq reconstruction have been accused of padding their profits through an insurance scam, according to internal military documents obtained by The Associated Press. (Wed, 14 May 2008 23:20:21 GMT)
US probing Iraqi companies for insurance fraud
Companies working on Iraq reconstruction have been accused of padding their profits through an insurance scam, leading to a criminal probe and hurried changes in the way many contracts are handled by the U.S. Army, according to internal military documents obtained by The Associated Press. (Wed, 14 May 2008 20:40:46 GMT)
Oracle To Buy Insurance Software Maker
InformationWeek - Oracle plans to make AdminServer's software a core component of its existing insurance-related products, such as Oracle Billing, Siebel Claims, and Siebel Customer Relationship Management for Insurance. (Wed, 14 May 2008 17:09:00 GMT)
Rao retires as insurance regulatory body chief
'A fair and firm regulator' is the how insurance industry officials describe Chellapilla Satyanarayana Rao, chairman, Insurance Regulatory and Development Authority (IRDA) who lay down office Wednesday. (Wed, 14 May 2008 11:50:30 GMT)
Aspen Insurance to buy back $100M worth of shares
Aspen Insurance Holdings Ltd. said Wednesday it agreed to repurchase $100 million worth of shares from management fund Candover Partners Limited and Candover's employee trust. (Wed, 14 May 2008 11:45:03 GMT)
Smart earns top crash scores in insurance industry tests
WASHINGTON - The 2008 Smart fortwo micro car, the smallest car for sale in the U.S. market, has earned top scores in crash tests conducted by the insurance industry. (Wed, 14 May 2008 11:14:10 GMT)
Pegasystems Launches Industry's First Contact Center Solution Specifically Designed for the Insurance Industry
With the launch today of the first comprehensive contact center solution designed expressly for the insurance industry, Pegasystems (NASDAQ: PEGA - News) once again demonstrates its leadership in providing Business Process Management (BPM) solutions that address industry challenges. (Wed, 14 May 2008 10:53:29 GMT)
Firms on board with insurance fund despite Crist's opposition
Two major investment firms will advise Florida on financing its hurricane catastrophe insurance fund although Gov. Charlie Crist tried to exclude them Tuesday. (Wed, 14 May 2008 07:18:46 GMT)
Perris business sells Mexican auto insurance online
What's new: Mexican Insurance Store.com in Perris is celebrating its sixth year this month. (Wed, 14 May 2008 05:35:47 GMT)
RBS Spurns Private Equity From Insurance Business Bids, FT Says
May 14 (Bloomberg) -- Royal Bank of Scotland Group Plc has told private equity firms they can't participate in the first round of the bank's 7 billion pound ($13.62 billion) auction of its insurance business, the Financial Times reported. (Wed, 14 May 2008 03:19:32 GMT)
Road Home slows insurance claim payoffs
Richard Barker reached a $60,000 settlement for wind damage on a home near Six Flags on Dec. 12, but his eastern New Orleans client hasn't seen a dime of the insurance money five months later because the Road Home hasn't signed off on the paperwork. (Wed, 14 May 2008 02:57:07 GMT)
Marshall Loeb's Daily Money Tip: Why you should consider purchasing renters insurance
With so many college graduates migrating from the dorms this month, one item they may neglect in their move to the real world is a critical one: renters insurance. Renters insurance is an often ignored insurance that covers everything from personal property to personal liability. (Tue, 13 May 2008 23:34:57 GMT)
Senate approves renewal of flood insurance program
The Senate agreed Tuesday to write off — and hand over to taxpayers — more than $17 billion in debt that a FEMA flood insurance program accumulated after being devastated by Katrina and other 2005 hurricanes. (Tue, 13 May 2008 16:31:50 GMT)
Council will take up question of insurance
The hottest topics in the last 24 hours. The next step in the lawsuit regarding the city providing health insurance to its elected officials is before those officials today. (Tue, 13 May 2008 11:28:51 GMT)
Instant Life Insurance Quotes Provide Peace of Mind
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy. (Tue, 13 May 2008 11:16:56 GMT)
Lancaster insurance agent surrenders his license
LANCASTER -A Lancaster insurance agent who allegedly misappropriated money and falsified an insurance document has surrendered his resident insurance license to the Ohio Department of Insurance. (Tue, 13 May 2008 10:44:10 GMT)
Brit Insurance appoints active underwriter
Brit Insurance Holdings has appointed Jonathan Turner as active underwriter of Syndicate 2987. (Tue, 13 May 2008 08:15:33 GMT)
Ministers look at social care insurance as costs rise
People may have to pay into a social insurance scheme towards costs of care in old age (Tue, 13 May 2008 08:12:48 GMT)
State Bank of India, Australia's IAG in insurance JV
MUMBAI (Reuters) - State Bank of India, the country's top lender, and Insurance Australia Group have signed a memorandum of understanding for a general insurance venture to tap the fast-growing Indian market, the firms said on Tuesday. (Tue, 13 May 2008 06:37:04 GMT)
Popularity of travel insurance grows
Question: My wife and I are planning a dream trip. Do you think it's a good idea to buy travel insurance? Answer: Everyone hopes their trip of a lifetime doesn't turn into a disaster, but life has a way of throwing curve balls. (Tue, 13 May 2008 05:37:59 GMT)
Pawlenty OKs flood insurance measure
Insurance companies and agents must notify homeowners each year if their insurance policy does not include flood insurance under a bill signed Monday by Gov. Tim Pawlenty. (Tue, 13 May 2008 05:21:30 GMT)
State Bank of India,Australia's IAG in insurance JV
MUMBAI, May 13 - State Bank of India , the country's top lender, said on Tuesday it has signed a memorandum of understanding with Insurance Australia Group for general insurance. (Tue, 13 May 2008 04:30:26 GMT)
Allstate Insurance to refund Texas customers $51.6 million
AUSTIN – Allstate Insurance agreed Monday to refund $51.6 million to its Texas customers for overcharges in homeowners insurance, but the company will not have to return another $19.2 million in overcharges under a settlement with state regulators. (Tue, 13 May 2008 01:24:16 GMT)
Young widower pushes for change in Mass. life insurance law
ASHLAND, Mass. -- When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance. (Mon, 12 May 2008 12:39:43 GMT)
How Much Should You Pay for Auto Insurance?
(ARA) - How much does the average person pay for auto insurance? Probably more than they would like. Often the bill just gets accepted as a necessity and we simply write out a big check each month. (Mon, 12 May 2008 12:20:35 GMT)
Johnson signals support for social care insurance
Alan Johnson today signalled his support for a new form of social care insurance as he launched a national debate on future support services for the elderly (Mon, 12 May 2008 11:12:58 GMT)
Insurance / In Depth Interviews
The Mexican insurance unit of Spain's BBVA ranks fifth among the country's insurers by written premiums, but manages to lead profitability indicators. While the insurance industry ended 2007 with combined operating losses, Seguros BBVA Bancomer made US$130mn in operating profits for the year. (Mon, 12 May 2008 09:30:43 GMT)
UK's FSA Examines Insurance Comparison Web Sites; ABI Comments
The UK's Financial Services Authority is assessing the insurance comparison web site market, after it "found evidence of both good and bad practice." In fact the FSA said it would be "looking for all (Mon, 12 May 2008 09:22:57 GMT)
In wake of Midwest temblor, Johnston ponders quake insurance
It’s not that Johnston officials are shaking over the possibility of an earthquake. But with the two tremors this spring in Illinois and Missouri, city leaders think it’s prudent to consider buying earthquake insurance, which some other Iowa cities already have. (Mon, 12 May 2008 09:15:17 GMT)
CGI Wins $115m Contract From Home Insurance Provider
IT and business process services provider CGI has won a 10-year $115m contract from Key Biscayne, Florida-based residential insurance company Magnolia Insurance to provide back-office services including policy administration, billing and accounting, claims administration, statistical reporting, and statutory accounting services. (Mon, 12 May 2008 05:44:01 GMT)
State insurance program to borrow $250M from Citizens
TALLAHASSEE -- A state program that helps build capital for Florida insurers now depends entirely on Citizens Property Insurance Corp. and the odds of hurricane damages before December. (Mon, 12 May 2008 05:17:51 GMT)
Health insurance changes will fuel inflation: Opposition
The Federal Opposition says the changes to private health insurance in tomorrow's Budget will be inflationary. (Mon, 12 May 2008 05:05:00 GMT)
Too much networking can hurt: My Biggest Mistake, by Laura Mutsko of Mutsko Insurance Services
You hear it all the time: You need to network. I agree. But you can get caught up in it, especially when you're new in business. I started an insurance company targeting the senior market a couple of years ago. I love it because they're a great group to work with. I learn from seniors every day. (Mon, 12 May 2008 04:08:46 GMT)
How to Save Money on Auto Insurance
(ARA) - Shopping online is an incredibly efficient way to explore different auto insurance options. Instead of sitting on the phone with agents or filling out forms on various Web sites, you provide information just once and get a variety of quotes instantly, saving you time and money. (Sun, 11 May 2008 12:47:17 GMT)
Midland woman sentenced in insurance fraud case
A Midland woman who was charged with insurance fraud and embezzlement while employed at an insurance agency has been sentenced. (Sun, 11 May 2008 11:46:03 GMT)
Insurance rate could see shift
McHENRY – The McHenry Public Library could see dramatic changes in its employee health-insurance costs depending on whether leaders go with a new plan. (Sun, 11 May 2008 11:44:23 GMT)
Here's a Quick and Easy Way to Find High Quality, Low Cost Health Insurance
(ARA) - As we approach the end of another year, now is a good time to take a close look at household expenses to see if there are places you can cut back and save. If you're like most people, one of your biggest areas of concern is what you're paying for health insurance. (Sun, 11 May 2008 10:32:21 GMT)
Health insurance making you sick?
Does your health insurance pay much less for your medical care that it used to, leaving you to pay more? (Sun, 11 May 2008 08:52:06 GMT)
Insurance fraud lands glass repairman in prison
A Chandler auto glass repairman learned Friday he will spend a year and a half in prison for defrauding multiple insurance companies out of more than $100,000. (Sun, 11 May 2008 07:22:14 GMT)
A will covers bases that insurance leaves empty
Last week I answered one of two questions from a 20-something married couple with a new baby. They don't have a lot of extra money and a financial planner suggested they purchase a life insurance policy within which they would invest in mutual funds. (Sun, 11 May 2008 06:42:00 GMT)
Al Khazna Insurance buys 15% of Saudi Arabia's Sanad
Al Khazna Insurance Company announced on Saturday it had acquired a 15% stake in Saudi Arabia's Sanad for Co-operative Insurance and Reinsurance. (Sun, 11 May 2008 06:29:49 GMT)
Japan Opposition Wants Medical Insurance Law Scrapped, NHK Says
May 11 (Bloomberg) -- Japanese opposition parties will submit a bill later this month to abolish a new medical insurance law targeting people aged 75 years and older, an opposition party politician said in a NHK program. (Sun, 11 May 2008 05:40:47 GMT)
Young widower pushes for change in Mass. life insurance law
When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance. (Sat, 10 May 2008 17:35:39 GMT)
Midland woman sentenced in insurance fraud case
A Midland woman who was charged with insurance fraud and embezzlement while employed at an insurance agency has been sentenced. (Sat, 10 May 2008 12:17:29 GMT)
How Much Should You Pay for Auto Insurance?
(ARA) - How much does the average person pay for auto insurance? Probably more than they would like. Often the bill just gets accepted as a necessity and we simply write out a big check each month. (Sat, 10 May 2008 12:02:27 GMT)
WB choses insurance companies for RSBY
The West Bengal government has shortlisted two nationalised insurance companies along with ICICI Prudential Life insurance for launching the Rashtriya Swasthya Bima Yojna (RSBY) in four districts of the state. (Sat, 10 May 2008 10:37:09 GMT)
Employers lobby to change injured-worker insurance system
A group of Ohio employers who say their businesses are being crushed by injured-worker insurance rates that the state tried to fix last year has asked the Ohio Inspector General to take a second look at the program. (Sat, 10 May 2008 09:25:09 GMT)
Gutierrez construction firm didn't pay state insurance premiums
Columbus- While Anthony Gutierrez was pulling down $87,485 a year as a manager on Ohio Attorney General Marc Dann's payroll, his Youngstown-area construction firm wasn't paying its state workers' injury insurance premiums, according to state officials. (Sat, 10 May 2008 08:47:11 GMT)
Davis gets $1.5M break on worker insurance costs
Thanks to a little friendly competition, Davis County will get a break on insurance costs for its employees over the next year. (Sat, 10 May 2008 07:02:38 GMT)
Insurance rate could see shift
McHENRY – The McHenry Public Library could see dramatic changes in its employee health-insurance costs depending on whether leaders go with a new plan. (Sat, 10 May 2008 06:35:25 GMT)
Insurance reps say most damage should be covered INSURANCE TIPS
Insurance agents say most storm damage should be covered; water damage may be tricky if homeowners and renters don't have flood coverage (Sat, 10 May 2008 06:25:43 GMT)
When Modifying Vehicles, Upgrade the Insurance
If you own a car with a custom paint job or other modifications, be sure your insurance offers coverage. (Sat, 10 May 2008 05:03:03 GMT)
Insurance sales abuses targeted
Federal proposal aims to protect Medicare users from pressure to buy added products Agents selling private health insurance to the elderly and disabled would be barred from cold-calling, door-to-door solicitations and pitching their products outside hospital waiting rooms or pharmacies, under a federal rule proposed yesterday. (Fri, 09 May 2008 12:32:54 GMT)
N.H. governor nominates insurance commissioner
Gov. John Lynch has nominated Insurance Commissioner Roger Sevigny to serve another term. Sevigny of Manchester was appointed to the post by Republican Gov. Craig Benson in 2003. (Fri, 09 May 2008 12:23:55 GMT)
Weymouth does not have enough money to pay health insurance costs
An audit from Weymouth’s insurer reveals the town will need $2.4 to $3.4 million to cover health insurance costs for its employees this year (Fri, 09 May 2008 11:31:11 GMT)
China's Ping An Insurance says holding off on new Shanghai A-share issue to volatile markets
China's second-largest insurer, Ping An Insurance, says it will not pursue a plan to issue new yuan-denominated shares on the Shanghai Stock Exchange for at least six months given current turbulent market conditions. (Fri, 09 May 2008 10:52:00 GMT)
Insurance pitches targeted
WASHINGTON - Agents selling private health insurance plans to the elderly and disabled would be barred from cold calling, door-to-door solicitations, and pitching their products near hospital waiting rooms or pharmacies under a federal rule proposed yesterday. (Fri, 09 May 2008 08:35:01 GMT)
Apollo DKV Insurance to invest 5 bln rupees in India
MUMBAI, May 9 - Health insurer Apollo DKV Insurance Co. (Fri, 09 May 2008 07:29:09 GMT)
Cape owners avoid big hike in insurance
Tens of thousands of homeowners on Cape Cod were spared a second straight 25 percent increase in insurance premiums after a state regulator yesterday rejected an insurance association's request for double-digit rate hikes. (Fri, 09 May 2008 06:33:37 GMT)
Hard Sell to Medicare Insurance Buyers Would Get Softer Under New Rules
The Bush administration proposed on Thursday to crack down on the aggressive marketing of private Medicare insurance plans. (Fri, 09 May 2008 03:28:05 GMT)
Lawsuit accuses couple of murder, insurance scam
The family of an Arlington Heights man said to have been slain in a bizarre insurance scam filed a civil suit Thursday against the alleged killer and his wife seeking an unspecified amount in damages for wrongful death and conspiracy, according to court documents. (Fri, 09 May 2008 00:42:18 GMT)
Shopping for the best business insurance policy
Dear FSB: How do we go about getting insurance for our business? We own an office services company. (Thu, 08 May 2008 13:32:14 GMT)
Senate rejects federal windstorm insurance
WASHINGTON — The Senate overwhelmingly rejected an effort Wednesday to expand the federal flood insurance program to also cover windstorm damage. (Thu, 08 May 2008 12:30:06 GMT)
'Errors' in insurance price sites
Some insurance comparison websites give incorrect information, a probe by watchdog the FSA finds. (Thu, 08 May 2008 12:02:09 GMT)
Rell Cool To Expansion Of State Worker Insurance Pool
Gov. M. Jodi Rell expressed strong reservations Wednesday about a Democratic bill that would permit municipalities, nonprofits and small businesses to join the state employee health insurance pool. (Thu, 08 May 2008 11:18:21 GMT)
Give your hurricane insurance a checkup
and it's once again predicted to be above average -- begins June 1. That means it's time to check your homeowners-insurance policy to determine whether you have enough coverage for damages that might occur during a major storm, and if you find any problems to contact your agent to make changes. (Thu, 08 May 2008 09:57:40 GMT)
HSBC's Indian insurance JV gets regulatory nod
MUMBAI, May 8 - Canara HSBC Oriental Bank of Commerce Life Insurance Co Ltd said on Thursday it has got the licence to operate in India from the Insurance Regulatory and Development Authority. (Thu, 08 May 2008 09:51:50 GMT)
Wind not covered by flood insurance
A Gulf Coast-backed effort to add wind coverage to the National Flood Insurance Program was defeated Wednesday in the Senate amid concerns... (Thu, 08 May 2008 07:38:42 GMT)
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