Insurance News 05/2008 (Page 2)
Buffett Weighs RBS Insurance Bid (BusinessWeek)
Berkshire Hathaway's CEO looks into buying the insurance businesses that credit-crisis-hit Royal Bank of Scotland has put up for sale
(May 6, 2008)
QBE Extends A$8.2 Billion Bid for Insurance Australia (Update1) (Bloomberg.com)
May 6 (Bloomberg) -- QBE Insurance Group Ltd. , Australia's largest property and casualty insurer, extended its A$8.2 billion ($7.7 billion) takeover proposal for Insurance Australia Group Ltd. by two weeks. It didn't change the terms of the offer.
(May 6, 2008)
Dogs of War: Insurance? What insurance? (Space War)
Dogs of War: Insurance? What insurance? by David Isenberg Washington (UPI) May 2, 2008 Life in Iraq for private military contractors is dangerous.
(May 6, 2008)
Singapore life insurance premiums rise 53 pct in Q1 (Reuters via Yahoo! Malaysia News)
SINGAPORE, May 6 - Life insurers in Singapore reported a 53 percent rise in new premiums during the first quarter of 2008, according to data from the Life Insurance Association on Tuesday.
(May 6, 2008)
As car insurance rates rise, try these money-saving tips (USA Today)
As the price of gas accelerates toward $4 a gallon, perhaps it's time to think about another painful cost of driving: auto insurance.
(May 6, 2008)
QBE Extends $7.7 Billion Bid for Insurance Australia (Update3) (Bloomberg.com)
May 6 (Bloomberg) -- QBE Insurance Group Ltd. extended its A$8.12 billion ($7.7 billion) offer for Insurance Australia Group Ltd. a second time, keeping alive a bid to dominate the nation's market for insuring everything from homes to workplace injuries.
(May 6, 2008)
China Merchants Bank to take stake in insurance company (People's Daily)
China Merchants Bank (CMB) said on Monday that it would buy a stake in CIGNA & CMC Life Insurance Co. to expand its insurance business. CMB, the country's largest credit card issuer, said that it had signed an agreement with Shenzhe ...
(May 6, 2008)
Iran Insurance Report Q1 2008 Explains How Iran is an Unattractive Insurance Market For Foreign Insurers (Business Wire via Yahoo!7 Finance)
Research and Markets (http://www.researchandmarkets.co has announced the addition of "Iran Insurance Report Q1 2008" to their offering.
(May 6, 2008)
Instant Life Insurance Quotes Provide Peace of Mind (Richfield Reaper)
(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.
(May 6, 2008)
Flood insurance renewal wins Senate test vote (Reuters via Yahoo! News)
A bill to renew the National Flood Insurance Program (NFIP) passed a key test vote in the Senate on Tuesday, with aides saying they expected final action on the legislation before the end of the week.
(May 6, 2008)
Insurance: Big Risks, Big Payoffs (The Tampa Tribune)
To some investors, pumping money into a new Florida insurance company must be as attractive as investing in Florida real estate right now. The potential upside is great, but you also might fall off a cliff.
(May 7, 2008)
India Plans to Ease Insurance Investment Rule, Chidambaram Says (Bloomberg.com)
May 7 (Bloomberg) -- India's government will try to win agreement from coalition allies to ease restrictions on foreign investments in insurance, banking and pensions in its final year in office, Finance Minister Palaniappan Chidambaram said.
(May 7, 2008)
RUTH TO THE RESCUE: Verify a contractor's insurance coverage (Detroit Free Press)
If you're hiring a contractor to do work at your home, the Better Business Bureau reminds you to ask for the name of the contractor's insurance company and insurance agency.
(May 7, 2008)
Maybank, IDB eye global lead in Islamic insurance (Reuters via Yahoo! Malaysia News)
KUALA LUMPUR, May 7 - Malaysia's top lender Malayan Banking and the commercial arm of the Jeddah-based Islamic Development Bank plan to start a global takaful or Islamic insurance business, the Malaysian bank said on Wednesday.
(May 7, 2008)
Senate Approves State Health Insurance Pooling Bill (Hartford Courant)
The Senate voted early today to give final legislative approval to a Democratic bill permitting municipalities, nonprofits and small businesses to join the state employee health insurance pool.
(May 7, 2008)
Senate Advances Renewal of Flood Insurance without Wind Coverage (Insurance Journal)
A bill to renew the National Flood Insurance Program (NFIP) passed a key test vote in the U.S. Senate Tuesday, with aides saying they expected final action on the legislation before the end of the wee
(May 7, 2008)
EnsurApet Joins Other Leading Companies in the Pet Insurance Industry (Centre Daily Times)
EnsurApet, Inc. (OTCBB:EPTI), a provider of pet health insurance, is poised to become one of the leaders in the largely untapped yet rapidly growing US market for pet health insurance by combining two proven business strategies of owning its own Property Casualty Insurance Company together with a network of veterinary hospitals.
(May 7, 2008)
2nd stage of insurance plan for pvt. sector 'ready’ (Khaleej Times)
DUBAI - The second stage of the comprehensive Dubai Health Insurance plan for the private sector is being readied for its launch, according to senior health officials.
(May 7, 2008)
Lifesaving coronary test generally not covered by insurance, GHS officials say (The Greenville News)
A test now used to diagnose coronary heart disease also could be used to screen people who don't have any symptoms and possibly save lives, but it's not generally covered by insurance, the Greenville Hospital System board of trustees learned today.
(May 7, 2008)
Georgia gov signs bills to ease health insurance access (AP via Yahoo! Finance)
Gov. Sonny Perdue on Wednesday signed a pair of bills aimed at making high-deductible health insurance plans more accessible to Georgians.
(May 8, 2008)
Perdue signs high-deductible insurance plan bill (Atlanta Journal-Constitution)
Insurance companies gained millions of reasons on Wednesday to offer high-deductible health insurance plans as Gov. Sonny Perdue signed legislation aimed at making the plans more affordable and more widely available.
(May 8, 2008)
Michigan: Insurance Ruling (New York Times)
Local governments and state universities cannot offer health insurance to the partners of gay workers, the State Supreme Court ruled. The court ruled 5 to 2 that Michigan?s 2004 ban against same-sex marriage also blocks domestic-partner policies affecting gay employees at the University of Michigan and other public-sector employers. The decision affirms a February 2007 appeals court ruling. Up ...
(May 8, 2008)
Critics doubt insurance bill will slash costs (The Tennessean)
Small businesses would be able to join together in co-operatives to buy health insurance under a bill on its way to Gov. Phil Bredesen's desk for signature, but some observers doubt whether it would lead to significantly lower costs or more coverage for uninsured workers.
(May 8, 2008)
Wind not covered by flood insurance (Seattle Times)
A Gulf Coast-backed effort to add wind coverage to the National Flood Insurance Program was defeated Wednesday in the Senate amid concerns...
(May 8, 2008)
HSBC's Indian insurance JV gets regulatory nod (Reuters via Yahoo! Philippines News)
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.
(May 8, 2008)
Give your hurricane insurance a checkup (Orlando Sentinel)
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.
(May 8, 2008)
Rell Cool To Expansion Of State Worker Insurance Pool (Hartford Courant)
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.
(May 8, 2008)
'Errors' in insurance price sites (BBC News)
Some insurance comparison websites give incorrect information, a probe by watchdog the FSA finds.
(May 8, 2008)
Senate rejects federal windstorm insurance (Florida Today)
WASHINGTON — The Senate overwhelmingly rejected an effort Wednesday to expand the federal flood insurance program to also cover windstorm damage.
(May 8, 2008)
Shopping for the best business insurance policy (CNN Money)
Dear FSB: How do we go about getting insurance for our business? We own an office services company.
(May 8, 2008)
Lawsuit accuses couple of murder, insurance scam (Chicago Tribune)
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.
(May 9, 2008)
Hard Sell to Medicare Insurance Buyers Would Get Softer Under New Rules (New York Times)
The Bush administration proposed on Thursday to crack down on the aggressive marketing of private Medicare insurance plans.
(May 9, 2008)
Cape owners avoid big hike in insurance (Boston Globe)
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.
(May 9, 2008)
Apollo DKV Insurance to invest 5 bln rupees in India (Reuters via Yahoo! Philippines News)
MUMBAI, May 9 - Health insurer Apollo DKV Insurance Co.
(May 9, 2008)
Insurance pitches targeted (Philly.com)
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.
(May 9, 2008)
China's Ping An Insurance says holding off on new Shanghai A-share issue to volatile markets (AP via Yahoo! Malaysia News)
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.
(May 9, 2008)
Weymouth does not have enough money to pay health insurance costs (The Patriot Ledger)
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
(May 9, 2008)
N.H. governor nominates insurance commissioner (Boston Globe)
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.
(May 9, 2008)
Insurance sales abuses targeted (Baltimore Sun)
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.
(May 9, 2008)
When Modifying Vehicles, Upgrade the Insurance (New York Times)
If you own a car with a custom paint job or other modifications, be sure your insurance offers coverage.
(May 10, 2008)
Insurance reps say most damage should be covered INSURANCE TIPS (The Fredericksburg Free Lance-Star)
Insurance agents say most storm damage should be covered; water damage may be tricky if homeowners and renters don't have flood coverage
(May 10, 2008)
Insurance rate could see shift (Northwest Herald)
McHENRY – The McHenry Public Library could see dramatic changes in its employee health-insurance costs depending on whether leaders go with a new plan.
(May 10, 2008)
Davis gets $1.5M break on worker insurance costs (Deseret Morning News)
Thanks to a little friendly competition, Davis County will get a break on insurance costs for its employees over the next year.
(May 10, 2008)
Gutierrez construction firm didn't pay state insurance premiums (The Plain Dealer)
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.
(May 10, 2008)
Employers lobby to change injured-worker insurance system (The Cincinnati Enquirer)
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.
(May 10, 2008)
WB choses insurance companies for RSBY (Business Standard India)
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.
(May 10, 2008)
How Much Should You Pay for Auto Insurance? (Richfield Reaper)
(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.
(May 10, 2008)
Midland woman sentenced in insurance fraud case (Midland Daily News)
A Midland woman who was charged with insurance fraud and embezzlement while employed at an insurance agency has been sentenced.
(May 10, 2008)
Young widower pushes for change in Mass. life insurance law (AP via Yahoo! News)
When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance.
(May 10, 2008)
Japan Opposition Wants Medical Insurance Law Scrapped, NHK Says (Bloomberg.com)
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.
(May 11, 2008)
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