Insurance News
Insurance Stocks With the Biggest Volatility
Insurance stocks have barely budged in the past month. These companies, however, are still volatile, providing investment opportunities. (Mon, 08 Feb 2010 14:46:15 GMT)
Confie Seguros Acquires Vern Fonk Insurance Services
Confie Seguros broadens its presence with Hispanic consumers with its newest acquisition. The auto insurance provider acquired Vern Fonk Insurance Services Inc., an insurance agency in Washington and Oregon. (Mon, 08 Feb 2010 13:52:17 GMT)
Loews Posts Third Straight Profit on Insurance, Gas (Update1)
Feb. 8 (Bloomberg) -- Loews Corp. , the holding company run by New York’s Tisch family, posted its third straight quarterly profit on improved results from insurance and gas-exploration. (Mon, 08 Feb 2010 13:22:31 GMT)
Vt.: tuition insurance should cover mental health
Vermont insurance regulators say tuition insurance offered at the University of Vermont and other colleges must provide the same coverage to students who leave school for mental illness as for physical illness or injury. (Mon, 08 Feb 2010 13:02:17 GMT)
Bill Would Apply Antitrust Laws To Insurance
With Congress still stalled on the big health bill, it turns to smaller pieces of legislation. The House this week will vote on a bill to repeal a decades-old insurance industry exemption from antitrust laws. Some analysts say eliminating the exemption wouldn't have an impact on competition or premiums. (Mon, 08 Feb 2010 12:22:50 GMT)
Zacks Earnings Preview: The New York Times, Hartford Insurance, AutoNation, Electronic Arts and Allstate
Zacks Earnings Preview: The New York Times, Hartford Insurance, AutoNation, Electronic Arts and Allstate (Mon, 08 Feb 2010 12:17:38 GMT)
Loews Posts Third Straight Profit on Insurance, Gas Exploration
Feb. 8 (Bloomberg) -- Loews Corp. , the holding company run by New York’s Tisch family, posted its third straight quarterly profit on improved results at its insurance and gas-exploration units. (Mon, 08 Feb 2010 12:07:44 GMT)
Kenya Insurance Industry Consolidation ‘Imperative,’ Kuria Says
Feb. 8 (Bloomberg) -- The consolidation of Kenya’s insurance industry is “imperative” as companies face competition from other global players in that market, Association of Kenya Insurers Chairman Nelson Kuria said in an interview on CNBC Africa television. (Mon, 08 Feb 2010 11:36:09 GMT)
Insurance fraud will be subject of seminar
The 2010 Ohio Insurance Fraud Seminar is planned for March 10 at Quest Conference Centers, 8405 Pulsar Place. (Mon, 08 Feb 2010 10:53:44 GMT)
Korea Deposit Insurance To Sell Korea Life Shares Via IPO
Korea Deposit Insurance To Sell Korea Life Shares Via IPO (Mon, 08 Feb 2010 02:43:39 GMT)
In Telluride, a struggle between providers and insurance companies
As the Senate passed a landmark health care bill in Washington that extends coverage to millions, the Telluride Medical Center wages its own battles, hoping to wring better deals from insurance companies. (Sun, 07 Feb 2010 14:47:18 GMT)
House takes on insurance industry
WASHINGTON -- House Democrats are taking aim at the insurance industry in the coming week. While the fate of comprehensive health care reform remains unclear, House Democrats are looking to push through more targeted legislation. (Sun, 07 Feb 2010 11:27:05 GMT)
Gasan Mamo Insurance gives leg-up to Malta art
Julian Mamo (left) with Mark Mangion. Gasan Mamo Insurance has kicked off its yearly commitments to the community by becoming patron of the Malta Contemporary Art Foundation (MCA), which has just launched its venue at St James Cavalier. (Sun, 07 Feb 2010 09:49:00 GMT)
MGM Grand hosts insurance agents
The Professional Insurance Agents of Connecticut Inc. (www.pia.org) willhold its 2010 annual convention in early March at the MGM Grand at Foxwoods. (Sun, 07 Feb 2010 08:58:40 GMT)
Web site allows you to compare hospitals, pharmacies, nursing homes and insurance
Nikki Buskey Staff Writer HOUMA — State officials have launched a new Web site where you can compare cost, quality and performance of local hospitals, nursing homes, prescription drugs and health-insurance plans. The Web site, www.HealthFinderLA.gov, was launched by the state this week. (Sun, 07 Feb 2010 08:38:28 GMT)
Ensuring you get the most out of your insurance
Over the years, I've written in this column about how to save money on your homeowners or auto insurance. Bundling the policies together with the same insurance company often cuts your bill by 15 perc (Sun, 07 Feb 2010 08:08:57 GMT)
Autism insurance bill moves forward in Senate
One in 110 children born in the United States is diagnosed with autism, but health insurance companies in Missouri do not routinely provide coverage for the disorder. (Sun, 07 Feb 2010 07:36:20 GMT)
MGM Grand hosts insurance agents
The Professional Insurance Agents of Connecticut (Sun, 07 Feb 2010 07:06:15 GMT)
Insurance company sues Native corporations
An Arizona-based insurance company is suing a Native corporation that's known to back the proposed Pebble Mine project. In the lawsuit the insurance company says two Iliamna-based corporations lied when filing a claim following a diesel spill last summer. (Sun, 07 Feb 2010 04:11:58 GMT)
Crop insurance coming up soon
The government will speed up the launch of its crop insurance programme in an effort to improve the farmers' well-being, Prime Minister Abhisit Vejjajiva said on Sunday. (Sun, 07 Feb 2010 04:11:47 GMT)
In Telluride, a struggle between providers and insurance companies
As the Senate passed a landmark health care bill in Washington that extends coverage to millions, the Telluride Medical Center wages its own battles, hoping to wring better deals from insurance companies. (Sat, 06 Feb 2010 15:02:30 GMT)
Fenwick flood insurance discount available
FENWICK ISLAND — In the midst of a stormy winter when melting snow can result in significant flooding for Delaware beaches, town officials remind residents to apply for an insurance discount provided by the Federal Emergency Management Agency. (Sat, 06 Feb 2010 13:35:43 GMT)
City warns residents of water line insurance solicitation
The city of Chillicothe is warning residents to keep an eye out for a solicitation from a Florida company promising water line insurance service coverage to Chillicothe water residents. (Sat, 06 Feb 2010 12:42:17 GMT)
FSB puts the squeeze on Orange over unpaid insurance claims
The Financial Services Board (FSB) came down hard on Orange Insurance this week, suspending the company's financial services provider (FSP) licence with immediate effect until its management can quantify the company's liabilities and settle all the outstanding claims against it. (Sat, 06 Feb 2010 11:11:26 GMT)
Dalhousie home insurance rates could soar
Changes in the structure of Dalhousie's fire department could have a serious impact on insurance rates in the town. (Sat, 06 Feb 2010 10:19:51 GMT)
To help budget, Bartlesville to charge insurance companies for some fire runs
The latest move to close the gap in the city's budget is to charge insurance companies a fee for fire runs made outside the city limits. (Sat, 06 Feb 2010 08:44:48 GMT)
Sentence issued in local insurance fraud case
Bradley D. Buchanan was sentenced to 12 to 32 months suspended sentence, placed on probation and ordered to pay $5,000 in restitution for felony insurance fraud, Nevada Attorney General Catherine Cortez Masto announced Friday. (Sat, 06 Feb 2010 08:15:48 GMT)
Pizzerias urged to boost insurance for drivers
For pizza fans, Super Bowl Sunday rates up there with Halloween and the day before Thanksgiving as one really big day. For the pizzerias that deliver, it's also a big reason for insurance coverage. (Sat, 06 Feb 2010 07:42:18 GMT)
Couple In Dispute With Insurance Over Roof
A homeowner's insurance dispute over a leaky roof has an area couple shopping for a lawyer. (Sat, 06 Feb 2010 04:09:11 GMT)
Imperial Sugar posts profit on insurance claims
Imperial Sugar Co. said Friday that its fiscal first quarter profit more than doubled on an insurance settlement over the deadly 2008 explosion at a plant in Georgia. (Fri, 05 Feb 2010 17:24:26 GMT)
Tyson gets insurance proceeds from Jefferson flood
Insurance proceeds from flood damage at the Tyson Foods plant in Jefferson helped boost the company's bottom line in the fiscal first quarter. (Fri, 05 Feb 2010 14:51:10 GMT)
Mississippi Homeowners Learning How Credit Score Affects Insurance Premium
Mississippi Gulf Coast policyholders are well aware a hurricane is guaranteed to hike insurance rates, but fewer realize their credit reports also are factored into homeowner and automobile ... (Fri, 05 Feb 2010 13:56:51 GMT)
Mortgage insurance won't last forever
Mortgage insurance premium payments will not hound a homeowner forever. (Fri, 05 Feb 2010 11:00:00 GMT)
Grant to help unemployed Mainers pay insurance
The U.S. Department of Labor is releasing $880,000 to provide partial premium payments for health insurance coverage for 800 workers. (Fri, 05 Feb 2010 10:54:06 GMT)
Resolution says prioritises insurance deals
Takeover vehicle Resolution said it was prioritising deals in the insurance sector, after a newspaper reported it might bid for parts of bailed-out lender Royal Bank of Scotland. (Fri, 05 Feb 2010 10:44:00 GMT)
Dems pursue Plan B: lifting health-insurance antitrust shields
With comprehensive health care reform on ice for the moment, House Democrats are going with Plan B, starting with a bill to be introduced today to remove the antitrust exemption now enjoyed by health-insurance companies. (Fri, 05 Feb 2010 08:14:37 GMT)
UPDATE: Bank of Beijing Cleared To Buy Into ING Insurance JV
UPDATE: Bank of Beijing Cleared To Buy Into ING Insurance JV (Fri, 05 Feb 2010 06:57:49 GMT)
Insurance co. claims Okla St can't recover $33M
The insurance company sued by billionaire booster T. Boone Pickens and Oklahoma State's athletic fundraising foundation claims the university breached its contract and has no right to recover $33 million in premiums. (Thu, 04 Feb 2010 22:47:22 GMT)
How Much Life Insurance Do You Need?
To put it simply, life insurance protects those who depend on your paycheck. If you die prematurely, life insurance provides your dependents with ongoing income to replace yours, until (or unless) they can live comfortably without it. It can also provide a timely emergency fund for medical, legal, and funeral costs, should family savings not be adequate to cover them. (After all, that golf ... (Thu, 04 Feb 2010 15:59:23 GMT)
Klinedinst Joins Cincinnati's R. G. McGraw Insurance Agency
Tom Klinedinst III has joined Cincinnati, Ohio-based R. G. McGraw Insurance Agency as marketing and production manager for commercial lines. Klinedinst brings 21 years of experience in commercial ... (Thu, 04 Feb 2010 15:57:02 GMT)
Okla. St. sues insurance company over fundraising
Billionaire booster T. Boone Pickens and the fundraising arm of Oklahoma State's athletic department are suing a life insurance company over a program aimed at bringing in millions of dollars, the university announced Wednesday. (Thu, 04 Feb 2010 15:55:16 GMT)
Questionable Health Insurance Plans Cause Concern
Officials worry that people with no insurance will be drawn in by questionable health insurance plans. ABC News reports: The "[h]ealth care overhaul is stalled, resulting in a proliferation of plans that don't fully protect people, officials said. Watchdogs worry about two kinds of plans in particular." They point to the health discount cards "that say they get you cut rates on medical services ... (Thu, 04 Feb 2010 15:21:21 GMT)
Surfside Officer Accused Of Insurance Fraud
A Surfside police officer is off the job after being accused of fraud. Officer Woodward Brooks reportedly assistance in insurance fraud by assigning case numbers to corroborate false claims. He would then reportedly receive a kick back for his actions. (Thu, 04 Feb 2010 14:58:58 GMT)
State Farm Seeks Auto Insurance Rate Hike
By Jeff Harrington St. Petersburg Times Cost-sensitive Floridians have another increase to worry about: The price for auto insurance is trending up. (Thu, 04 Feb 2010 13:22:47 GMT)
Maine panel hears health insurance bill
One of the strongest supporters of a bill to prohibit health insurance companies from setting annual and lifetime limits on the amounts they will pay couldn't be at a legislative hearing on the measure Wednesday because he has cancer and was getting a blood transfusion. (Thu, 04 Feb 2010 13:03:03 GMT)
Insurance Stocks Suffer Rising 'Short' Interest
Insurance stocks surged last year, but they've stumbled in 2010. Here are five stocks that are increasingly being viewed by investors as losers. (Thu, 04 Feb 2010 10:16:05 GMT)
Traders advised, get forex insurance
Exporters as well as importers should buy foreign exchange insurance to cover the continuing fluctuation of the Thai baht and other regional currencies, Bank of Thailand assistant governor Suchada Kirakul said on Thursday. (Thu, 04 Feb 2010 09:39:09 GMT)
OK State sues insurance company over fundraising
Billionaire booster T. Boone Pickens and the fundraising arm of Oklahoma State's athletic department are suing a life insurance company over a program aimed at bringing in millions of dollars. (Thu, 04 Feb 2010 04:49:05 GMT)
Okla. St. sues insurance company over fundraising
Billionaire booster T. Boone Pickens and the fundraising arm of Oklahoma State's athletic department are suing a life insurance company over a program aimed at bringing in millions of dollars, the university announced Wednesday. Oklahoma State said it hoped to recover some of the $33.3 million in premiums it paid Lincoln National Life Insurance Co. (Thu, 04 Feb 2010 04:02:49 GMT)
MetLife: In talks with AIG for insurance unit
Shares of MetLife slid Wednesday, a day after the insurer confirmed that it's in talks with American International Group Inc. about buying the American Life Insurance Company. (Wed, 03 Feb 2010 15:56:35 GMT)
Sanford Health Plan given OK to provide insurance in North Dakota
FARGO - Sanford Health has been approved to provide insurance in North Dakota in a decision announced this morning by the state's Insurance Department. (Wed, 03 Feb 2010 15:40:17 GMT)
Health insurance guarantee plan
Proposals to guarantee health insurance for UK-bound Manx residents could be brought before Tynwald next month. (Wed, 03 Feb 2010 15:18:49 GMT)
Motorists, brace yourself for the biggest insurance hike since indexes began
Motor insurance premiums are up 20%, driven by increases in litigation, fraud and personal injury claims Motorists whose car insurance policies are due for renewal should prepare themselves for the biggest blow to their wallets in history. According to the AA British Insurance Premium Index published last week, the average quoted premium for comprehensive motor cover saw a 18.7% hike on this ... (Wed, 03 Feb 2010 12:49:13 GMT)
Auto insurance fraud on rise in New York State - and motorists are paying the bill
Auto insurance fraud is beginning to soar in New York - and so are drivers' rates. The Daily News has learned suspected fraud cases have jumped 33% since 2006. (Wed, 03 Feb 2010 11:58:17 GMT)
IAG's insurance margin jumps
IAG says it expects its full-year insurance margin will be better than previously forecast. (Wed, 03 Feb 2010 10:24:54 GMT)
Explosion at Darwin Insurance Office Injures 15 (Update1)
Feb. 3 (Bloomberg) -- Fifteen people were admitted to hospital in the northern Australian city of Darwin today after an explosion at an insurance office, officials said. (Wed, 03 Feb 2010 08:43:31 GMT)
Insurance Australia Shares Jump on Increased Margin (Update1)
Insurance Australia Group Ltd. surged the most in more than two months in Sydney trading after the company increased its insurance margin forecast following fewer natural disaster payouts. (Wed, 03 Feb 2010 07:09:30 GMT)
Explosion at Darwin Insurance Office Injures Six (Update1)
Feb. 3 (Bloomberg) -- Six people were injured in an explosion at an insurance office in the northern city of Darwin, Australian police said today. The incident occurred at the Territory Insurance Office at 11 a.m. local time, Northern Territory police said, without providing further details. (Wed, 03 Feb 2010 04:15:31 GMT)
Insurance Australia Shares Jump on Increased Insurance Margin
Feb. 3 (Bloomberg) -- Insurance Australia Group Ltd. surged the most in more than two months in Sydney trading after the company increased its insurance margin forecast citing fewer natural disaster payouts and a favorable move in credit spreads. (Wed, 03 Feb 2010 01:10:58 GMT)
Phil Mickelson got all the headlines at the Farmers Insurance Open, but not for anything he did on the course
Phil Mickelson induces many emotions, but boredom is not one of them, which we were reminded of yet again during the melodrama at last week's Farmers Insurance Open in La Jolla, Calif. Mickelson made his feverishly anticipated season debut at Torrey Pines, returning to a Tour in desperate need of his star power and good-guy virtues. For a couple of days it was a veritable love-in, beginning with ... (Tue, 02 Feb 2010 15:40:05 GMT)
Spotting Questionable Health Insurance Plans
Watchdogs worried about two different kinds of health insurance plans. Health insurance - Insurance - Health - United States - Financial Services (Tue, 02 Feb 2010 13:55:13 GMT)
Insurance chief's museum donation
The millionaire head of insurance firm Admiral is to put a large sum of his money into helping to fund a new museum for Cardiff. (Tue, 02 Feb 2010 12:40:14 GMT)
Allianz, Daimler Sign Automotive Insurance Deal
Allianz, Daimler Sign Automotive Insurance Deal (Tue, 02 Feb 2010 10:47:52 GMT)
Daimler teams up with Allianz for insurance
German carmaker Daimler AG said Tuesday it has partnered with German insurer Allianz SE to increase its insurance offerings to car customers across a greater number of markets. (Tue, 02 Feb 2010 10:43:42 GMT)
Bank Debt Swaps Exceed Corporate Insurance by Most Since Lehman
Feb. 2 (Bloomberg) -- The cost to protect against losses on European bank bonds jumped above insurance on company debt by the most since the collapse of Lehman Brothers Holdings Inc. amid concern that government budget woes will spread to lenders. (Tue, 02 Feb 2010 09:22:52 GMT)
White House proposes increase in FDIC deposit insurance fund
The Obama administration wants to increase the size of the insurance fund that repays depositors in failed banks, a step that would require all banks to pay larger fees to the Federal Deposit Insurance Corp. (Tue, 02 Feb 2010 05:00:00 GMT)
Virginia Senate bills say no to requiring health insurance
RICHMOND -- Virginia's Democratically controlled state Senate passed measures Monday that would make it illegal to require individuals to purchase health insurance, a direct challenge to the party's efforts in Washington to reform health care. (Tue, 02 Feb 2010 05:00:00 GMT)
States seeking to ban mandatory health insurance
Although President Barack Obama's push for a health care overhaul has stalled, conservative lawmakers in more than two-thirds of the states are forging ahead with constitutional amendments to ban government health insurance mandates. (Mon, 01 Feb 2010 22:18:15 GMT)
Obama budget pushes health insurance reforms
Despite stalled efforts in Congress to pass sweeping healthcare reform, the White House is targeting other ways to push its overhaul, including a health insurance tax deduction, according to the administration's budget proposal released on Monday. (Mon, 01 Feb 2010 15:15:59 GMT)
Risk & Insurance Online - Story
Asteroid Insurance (Daily Planet). It is available from Risk and Insurance Online at http://www.riskandinsurance.com/ width="117" align="center" style="border-style:none; background:lightgray; font-size:8px; cursor:pointer; vertical-align:middle;"> Email (Mon, 01 Feb 2010 15:13:05 GMT)
Financial Planning Firm Acquires Philadelphia Insurance Agency
EAGiL Financial Group LLC, a national corporate and personal financial planning firm specializing in estate planning announced the formal acquisition of the Goebel Insurance Agency. The agency, which offers a full line of insurance products from property/casualty to life and business insurance, will operate under the EAGiL Vision Platform. (Mon, 01 Feb 2010 14:23:34 GMT)
Insurance Regulators in Ind. Reject Climate Regulation; Some Others Appear 'Lukewarm'
Indiana officials will not impose climate regulations on insurance companies, making it the first state to abandon the landma... (Mon, 01 Feb 2010 13:42:20 GMT)
States seeking to ban mandatory health insurance
Although President Barack Obama's push for a health care overhaul has stalled, conservative lawmakers in about half the states are forging ahead with constitutional amendments to ban government health insurance mandates. (Mon, 01 Feb 2010 13:28:10 GMT)
Khon Khaen trial for Japanese weather-risk insurance
Japan's Sompo Japan Group, which recently launched the world's first Weather Insurance Index in Khon Kaen, looks to expand the scheme, based on sales results. (Mon, 01 Feb 2010 12:37:50 GMT)
States seeking to ban mandatory health insurance
Although President Barack Obama's push for a health care overhaul has stalled, conservative lawmakers in about half the states are forging ahead with constitutional amendments to ban government health insurance mandates. The proposals would assert a state-... Barack Obama - Health insurance - Health care - Health insurance mandate - Insurance (Mon, 01 Feb 2010 11:39:49 GMT)
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