Insurance News
Allstate insurance agency in Grayling under new ownership
A veteran northern Michigan insurance agent recently assumed ownership of the Allstate Insurance Agency in Grayling. Roger Weber, who has operated Weber Allstate Insurance Agency in Traverse City for 43 years, took over the Grayling agency, which is located in the Grayling Mini Mall, last month. (Thu, 02 Sep 2010 07:09:55 -0700)
Nexus Insurance Services Launches New Websites For Malpractice Insurance
Orange County - Nexus Insurance Services has launched five new websites that offers malpractice insurance to attorneys and physicians who practice in the states of Arizona, Texas, California, New York, and Washington. (Thu, 02 Sep 2010 04:13:49 -0700)
Zurich Insurance of South Africa Slides to First Half Loss of $5.9 Million
Zurich Insurance Co. South Africa Ltd. posted a net loss of 42.7 million rand for the six months through June, compared with a profit of 106.4 million rand a year earlier. (Thu, 02 Sep 2010 03:57:40 -0700)
Insurance rates set to triple
Homeowners beware - flood insurance rates are set to triple after Dec. 17. Recent updates to area flood maps means that some residents may now be living in flood zones, which could cause residents to pay higher flood insurance premiums. (Wed, 01 Sep 2010 23:38:29 -0700)
Insurance Could End Civil War Re-Enactments
A battle over liability insurance coverage for groups using state property is brewing, and the Northwest Civil War Council is right in the middle of it. (Wed, 01 Sep 2010 18:29:20 -0700)
Insurance chiefs not worried about churn
Life insurance providers are confident churn rates will decline as advisers become more focused on sustainable writing practices. (Wed, 01 Sep 2010 18:09:37 -0700)
Insurance in super creating false security
Insurance policies included in superannuation have increased the overall coverage of working Australians but insufficient default levels of insurance in many cases are creating a false sense of security, according to Lifebroker research. (Wed, 01 Sep 2010 17:12:40 -0700)
Insurance sector adequately solvent in 09
Fiji’s insurance industry reported an adequate solvency position in 2009 despite natural catastrophes and challenging economic conditions, with gross premiums increasing by 2.2 percent to $206.1 million says Reserve Bank of Fiji governor Sada Reddy. (Wed, 01 Sep 2010 17:07:08 -0700)
Ping An Insurance Will Purchase Shenzhen Bank Shares for 29.1 Billion Yuan
Ping An Insurance (Group) Co. will buy 1.64 billion shares in Shenzhen Development Bank Co. for 29.1 billion yuan, the company said in a filing to Shanghai’s stock exchange today. (Wed, 01 Sep 2010 06:58:01 -0700)
Insurance company: Flowers started house fire
A fire that did $20,000 in damages to an Arkansas home was caused by dead plants, an insurance investigator concluded. (Wed, 01 Sep 2010 05:56:31 -0700)
Insurance commissioner gives OK for AIG's Alico sale
Delaware Insurance Commissioner Karen Weldin Stewart has approved the sale of American International Group's last large Delaware-based business, the international life and health insurance company Alico. (Wed, 01 Sep 2010 01:09:58 -0700)
Insurance rates set to triple
Homeowners beware - flood insurance rates are set to triple after Dec. 17. Recent updates to area flood maps means that some residents may now be living in flood zones, which could cause residents to pay higher flood insurance premiums. (Tue, 31 Aug 2010 23:38:29 -0700)
Insurance agent arrested on fraud charge
A West Monroe insurance agent has been booked on eight counts of insurance fraud. (Tue, 31 Aug 2010 18:52:03 -0700)
Insurance Company: Flowers Started Ark. House Fire
Insurance Investigator Decides On Cause Of Ark. House Fire: The Dead Plant Did It (Tue, 31 Aug 2010 17:48:18 -0700)
Insurance Company: Flowers Started Ark. House Fire
Insurance Investigator Decides On Cause Of Ark. House Fire: The Dead Plant Did It (Tue, 31 Aug 2010 17:48:18 -0700)
Insurance in super creating false security
Insurance policies included in superannuation have increased the overall coverage of working Australians but insufficient default levels of insurance in many cases are creating a false sense of security, according to Lifebroker research. (Tue, 31 Aug 2010 17:26:03 -0700)
Rains Insurance announces grand opening in Fort Pierce
Rains Insurance will have a grand opening for its new office at 204 N. Second St. in downtown Fort Pierce from 6:30 to 9:30 p.m. Friday. (Tue, 31 Aug 2010 09:56:00 -0700)
Lexington Insurance Company to Insure Tax Credits on Low Income Housing
NEW YORK----Lexington Insurance Company, a Chartis company, today announced the introduction of its Low Income Housing Tax Credit First Party and Professional Liability Insurance program. (Tue, 31 Aug 2010 07:31:00 -0700)
Insurance Regulator Strengthens China's Rules to Fight Money Laundering
The China Insurance Regulatory Commission stregthened rules aimed at preventing money laundering, according to a statement from the agency on its website today. (Tue, 31 Aug 2010 04:13:05 -0700)
Insurance M&A Driven By Bank Spin-Offs - Swiss Re Chairman
Insurance M&A Driven By Bank Spin-Offs - Swiss Re Chairman (Tue, 31 Aug 2010 04:02:34 -0700)
Dubai Insurance Company and William Russell deliver on claims service
International insurance specialist William Russell has announced the half yearly results of its customer health claims survey 2010 which reveal that 96 per cent of members report that they were highly satisfied/satisfied with the service they received from the team when making a claim, and 96% of members stated they were highly satisfied/satisfied with the length of time taken to settle their ... (Tue, 31 Aug 2010 03:13:22 -0700)
Insurance 'vital' for SA
South Africa needs compulsory third party car insurance to ensure that the insurance industry as a whole is sustainable and effectively managed. (Tue, 31 Aug 2010 02:27:36 -0700)
Omega Insurance sinks to H1 loss, as expected
Omega Insurance sinks to H1 loss, as expectedOmega Insurance sinks to H1 loss, as expected (Tue, 31 Aug 2010 00:44:47 -0700)
Insurance rates set to triple
Homeowners beware - flood insurance rates are set to triple after Dec. 17. Recent updates to area flood maps means that some residents may now be living in flood zones, which could cause residents to pay higher flood insurance premiums. (Mon, 30 Aug 2010 23:41:35 -0700)
Rare insurance change worries Delano teachers, staff
An insurance provider switch by the Delano Union School District has some employees in the district fuming. (Mon, 30 Aug 2010 19:16:53 -0700)
Insurance company hit hard by Nepal plane crash
India ’s oldest insurance company, the 103-year-old National Insurance Company (NIC), has been hit hard by last week’s plane crash in Nepal with its sole office abroad having been the insurer for all 14 people on board as well as the 15-seater Dornier aircraft. (Mon, 30 Aug 2010 15:31:10 -0700)
Insurance costs squeeze more workers
For employees at many companies, open-enrollment time for health insurance is just around the corner, and despite the passage of a major health reform bill, as well as stagnating paychecks, observers expect employees to continue picking up higher... (Mon, 30 Aug 2010 05:00:11 -0700)
China Pacific Insurance H1 profit up 67% on rising premiums
China Pacific Insurance (Group) Co., one of the country's leading insurers, said Monday its first-half profit jumped 66.8 percent from a year earlier due to expanding premium income. (Mon, 30 Aug 2010 04:53:22 -0700)
Flood insurance program deeply flawed
FEMA's National Flood Insurance Program is running deeply in the red. A major reason is that the program has paid people to rebuild over and over in the nation's worst flood zones while also discounting insurance rates by up to $1 billion a year for flood-prone properties. (Mon, 30 Aug 2010 04:18:37 -0700)
Insurance award goes to the dogs
A Labrador retriever that consumed a pesticide-soaked beehive containing thousands of dead bees—and lived—has something else to gnaw on: this year's Veterinary Pet Insurance Co.'s Hambone Award. (Mon, 30 Aug 2010 04:15:03 -0700)
Insurance rates set to triple
Homeowners beware - flood insurance rates are set to triple after Dec. 17. Recent updates to area flood maps means that some residents may now be living in flood zones, which could cause residents to pay higher flood insurance premiums. (Sun, 29 Aug 2010 23:41:20 -0700)
Insurance: No cover for full payouts
Shortfall in claims due to absence of advance 'agreed value' Monday, August 30th, 2010 11:50:00 I REFER to The Malay Mail's Letters article on Aug 20, headlined 'Post-accident stress'. There are so many horror stories about insurance claims, it's not funny. Insurance companies are known to give you the runaround until you give up in exasperation and compromise, usually not in your favour. We ... (Sun, 29 Aug 2010 21:24:23 -0700)
Insurance law provides greater certainty
The enactment of the Insurance (Prudential Supervision) Bill provides increased certainty for New Zealand insurance policy holders, Finance Minister Bill English says. (Sun, 29 Aug 2010 17:28:35 -0700)
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. (Sun, 29 Aug 2010 06:06:01 -0700)
China Pacific Insurance Net Income Rises on Premiums Growth, Cost Curbs
China Pacific Insurance (Group) Co. , the nation’s third-biggest insurer, said profit rose in the first half as premiums expanded and the company curbed costs. (Sun, 29 Aug 2010 04:58:01 -0700)
Insurance assessments unclaimed
BATON ROUGE — More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don't act before the year is over. (Sun, 29 Aug 2010 00:53:37 -0700)
Insurance Company Brings Unmatched Coverage to Americans
As most insurance companies work to provide less while raising costs, one company is going above and beyond to help their customers. (Sun, 29 Aug 2010 00:00:00 -0700)
Insurance regulatory body set up in Tibet
Tibet's Insurance Regulatory Commission was inaugurated in Lhasa Saturday amid rapid development of the insurance industry in the southwestern Chinese plateau region. (Sat, 28 Aug 2010 23:42:20 -0700)
Erie Insurance Charity Golf Tournament
Erie Insurance is hosting a charity golf tournament to raise money for Habitat for Humanity of the Chesapeake(HFHC). 100% of the proceeds will be donated to HFHC. Registration ends Sept 5, 2010. (Sat, 28 Aug 2010 22:40:53 -0700)
Insurance deals head for best year since merger boom
Insurance takeovers are headed for the biggest year since the peak of the last merger boom, as financial-services firms from Bank of America to Aegon NV of the Netherlands jettison assets. (Sat, 28 Aug 2010 11:42:58 -0700)
Insurance regulatory body set up in Tibet
Tibet's Insurance Regulatory Commission was inaugurated in Lhasa Saturday amid rapid development of the insurance industry in the southwestern Chinese plateau region. (Sat, 28 Aug 2010 02:53:21 -0700)
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 ... (Fri, 27 Aug 2010 20:37:13 -0700)
Insurance woes remain post-Katrina priority problem
BAY ST. LOUIS, MS (WLOX) - Five years after Katrina, the lack of affordable insurance remains the biggest problem slowing our recovery. (Fri, 27 Aug 2010 20:26:57 -0700)
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. (Fri, 27 Aug 2010 20:08:52 -0700)
Insurance rates set to triple
Homeowners beware - flood insurance rates are set to triple after Dec. 17. Recent updates to area flood maps means that some residents may now be living in flood zones, which could cause residents to pay higher flood insurance premiums. (Fri, 27 Aug 2010 14:26:20 -0700)
Insurance deals head for biggest year since last merger boom
(Bloomberg)—Insurance takeovers are headed for the biggest year since the peak of the last merger boom as financial-services firms from Bank of America Corp. to Aegon N.V. of the Netherlands jettison assets. (Fri, 27 Aug 2010 13:13:53 -0700)
Aspen Insurance Holdings to Present at Keefe, Bruyette & Woods 2010 Insurance Conference
HAMILTON, Bermuda----Aspen Insurance Holdings Limited today announced that Richard Houghton, Chief Financial Officer is scheduled to present at the 2010 Keefe, Bruyette & Woods Insurance Conference on Tuesday, September 7, 2010 at 1:50 p.m. in New York City. (Fri, 27 Aug 2010 07:15:00 -0700)
A Big Year for Insurance Takeovers
Insurance takeovers are headed for the biggest year since the peak of the last merger boom as financial-services firms from Bank of America to Aegon jettison assets. (Fri, 27 Aug 2010 04:12:57 -0700)
Insurance industry to put Yichun plane crash claims on fast track
The insurance industry launched an emergency green channel in order to rapidly settle claims resulting from the Yichun plane crash, according to the China Insurance Regulator Commission. (Fri, 27 Aug 2010 01:43:39 -0700)
Mideast insurance premium to cross $80bn by 2013
Mideast insurance premium to cross $80bn by 2013 (Fri, 27 Aug 2010 01:15:27 -0700)
ME insurance premiums set to reach $80b
ME insurance premiums set to reach $80b (Fri, 27 Aug 2010 01:15:09 -0700)
Insurance Deals Head for Biggest Year Since Peak of M&A Boom
Insurance takeovers are headed for the biggest year since the peak of the last merger boom as financial-services firms from Bank of America Corp. to Aegon NV of the Netherlands jettison assets. (Thu, 26 Aug 2010 21:34:45 -0700)
Insurance agent charged with scheming to defraud customers
He promised them a savings on their homeowners insurance but said they needed a wind mitigation inspection to get the deal as part of the discount program. (Thu, 26 Aug 2010 14:44:07 -0700)
Oklahoma Insurance Commissioner Holland to Face Doak in November
Longtime insurance agent John Doak of Tulsa has defeated former Insurance Commissioner John Crawford of Oklahoma City for the Republican nomination for state insurance commissioner. In the only ... (Thu, 26 Aug 2010 08:35:12 -0700)
Will Insurance Agents Be First Victims of Health Reform?
Insurance agents and brokers are among those who may be squeezed out of their jobs when the new health care reforms kick in (Thu, 26 Aug 2010 01:29:11 -0700)
Insurance Australia Targets Return to Profit in U.K. After Earnings Slump
Insurance Australia Group Ltd. , the Sydney-based insurer formed in 1925, plans to return to profit in the U.K. this fiscal year after rising claims at the unit dragged down group earnings. (Wed, 25 Aug 2010 16:44:56 -0700)
PSU insurance employees to get 17.5% wage hike
The employees of public sector general insurance companies and Life Insurance Corporation (LIC) are set to get a 17.5 per cent wage hike with the government nod to this effect likely in September. (Sun, 22 Aug 2010 04:08:22 -0700)
PSU insurance employees to get 17.5 pc wage hike
New Delhi, Aug 22 (PTI) The employees of public sector general insurance companies and Life Insurance Corporation (LIC) are set to get a 17.5 per cent wage hike with the Government nod to this effect likely in September. (Sun, 22 Aug 2010 01:25:48 -0700)
Insurance agency supports Birth Haven
Newton The Mitchell Insurance Agency of Newton and The Selective Group Foundation have joined forces to support the positive efforts of Birth Haven, through a $1,000 grant. (Sat, 21 Aug 2010 23:34:27 -0700)
Insurance dispute strands customers
Christus St. Vincent Regional Medical Center terminated the contract between the Santa Fe Hospital and Lovelace Healthcare Insurance Saturday, leaving Lovelace members with no choice but to pay big, or go someplace else. (Sat, 21 Aug 2010 22:31:08 -0700)
New Insurance Tool Compares Free Insurance Quotes Online
Free Insurance Tool Helps Drivers Find Discount Insurance Quotes (Sat, 21 Aug 2010 13:05:00 -0700)
Insurance agency supports Birth Haven
Newton The Mitchell Insurance Agency of Newton and The Selective Group Foundation have joined forces to support the positive efforts of Birth Haven, through a $1,000 grant. (Fri, 20 Aug 2010 23:33:43 -0700)
Insurance problems at the VA
Guest Editorial: By Aaron Glantz The Progresssive Media Project Insurance companies should not be allowed to cheat the families of dead American soldiers and Marines. But thats what Prudential is accused of: siphoning off hundreds of millions of dollars in interest on service members life insurance policies. Rather than paying a lump sum [...] (Fri, 20 Aug 2010 20:00:27 -0700)
Insurance specialist Enstar loses 2 directors
Enstar Group Ltd., a specialist in buying and managing troubled insurance companies, said Friday that two board members have stepped down. (Fri, 20 Aug 2010 17:10:24 -0700)
Insurance company bringing 46 jobs to Ballantyne
CHARLOTTE, N.C. -- An insurance company is relocating to Charlotte, bringing dozens of jobs with it. Sompo Japan Insurance Company of America is moving its New York offices to Ballantyne. The company has actually been moving various operations around America to Charlotte since 2003. This latest move to a location off Ballantyne Commons Parkway will bring 46 jobs to the area. The new jobs will ... (Fri, 20 Aug 2010 14:08:57 -0700)
Insurance: Tax benefits on life policies expanded
Congress values the benefits of life insurance. This is evident from the favorable tax treatment afforded such insurance. To name a few tax advantages: (Fri, 20 Aug 2010 10:27:56 -0700)
Insurance agenta no-show at jail
An insurance agent who admitted earlier this month to pocketing a friend's $6,900 check is now (Fri, 20 Aug 2010 09:07:20 -0700)
Insurance scam targets elderly
An insurance scam is targeting the elderly and 71-year-old Betty Hain is warning others to not fall for it. (Fri, 20 Aug 2010 06:38:00 -0700)
Construction Insurance Litigator
Construction Insurance Litigator London, Various, Negotiable Construction Insurance Litigator - London Excellent opportunity to join a specialist construction team in a leading City firm. (Fri, 20 Aug 2010 05:48:04 -0700)
Insurance agenta no-show to serve jail sentence
An insurance agent who admitted earlier this month to pocketing a friend's $6,900 check is now (Fri, 20 Aug 2010 01:37:21 -0700)
Encharter Insurance to Donate $500 to Cancer Care & Research for 500 Facebook Fans
Encharter Insurance, an independent insurance agency with offices located throughout Massachusetts and Connecticut, is using their Facebook page for good as they campaign for more fans. (Fri, 20 Aug 2010 00:01:00 -0700)
Insurance Australia Group selects Guidewire claims management platform
Insurance Australia Group (IAG) has selected Guidewire Software's Guidewire ClaimCenter as its techn ... QBE, a business insurer, has entered into partnership with Towergate Underwriting, whereby QBE will ... (Thu, 19 Aug 2010 23:52:06 -0700)
Insurance Australia Group selects Guidewire for claims management solution
Insurance Australia Group has selected Guidewire's ClaimCenter as the technology platform for its cl ... QBE, a business insurer, has entered into partnership with Towergate Underwriting, whereby QBE will ... (Thu, 19 Aug 2010 23:51:56 -0700)
Insurance agency supports Birth Haven
Newton The Mitchell Insurance Agency of Newton and The Selective Group Foundation have joined forces to support the positive efforts of Birth Haven, through a $1,000 grant. (Thu, 19 Aug 2010 23:33:48 -0700)
Insurance group to stop indemnifying UK solicitors
QUINN INSURANCE intends to stop providing professional indemnity cover to solicitors in England and Wales from next October. (Thu, 19 Aug 2010 17:27:42 -0700)
|
