Insurance News Jun 2008
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Cities might drastically change health insurance
Myrtle Beach budget director Mike Shelton got a colonoscopy in Thailand because of a change in accounting standards for local governments. The change has to do with how local governments pay their health insurance costs. It essentially creates a multimillion-dollar debt that cities and counties have to pay to cover their employees’ future health costs. It is so significant S.C. lawmakers are ... (Sun, 01 Jun 2008 04:13:00 GMT)
Insurance firms penalize moms for C-sections
When the Golden Rule Insurance Co. rejected her application for health coverage last year, Peggy Robertson was mystified. (Sun, 01 Jun 2008 05:23:36 GMT)
After Caesareans, Some Women See Higher Insurance Cost
With individual insurance, prices differ based on a person’s medical history; a past Caesarean can mean higher premiums. (Sun, 01 Jun 2008 05:36:18 GMT)
Caesareans may snarl search for insurance
With individual insurance, unlike the group coverage usually sponsored by employers, insurance companies in many states are free to pick and choose the people and conditions they cover, and they can base the price on a person's medical history. Sometimes, a past Caesarean means higher premiums. (Sun, 01 Jun 2008 06:49:11 GMT)
Photos help speed payment of insurance claims
Photos or videos can help expedite insurance claims To help speed payment of an insurance claim, take videos or photos of your belongings before a hurricane. Business owners should do the same. (Sun, 01 Jun 2008 07:21:37 GMT)
Options if health insurance is lost
L osing your paycheck isn't the only problem when you're laid off. You probably need to decide what to do about health insurance if your employer has been providing your coverage. (Sun, 01 Jun 2008 07:45:11 GMT)
Shop for your home insurance
SINCE HURRICANE Katrina blew ashore nearly three years ago and caused massive damage along the Gulf Coast, families in many coastal states have found it difficult and costly to get comprehensive homeowners insurance. (Sun, 01 Jun 2008 08:43:32 GMT)
Finance Q&A: Personal property insurance
Question: I've heard there are insurance policies that I can buy for my new engagement ring, digital camera or golf clubs that may not be covered by other insurance I hold. When is it a good idea to get one of these policies? (Sun, 01 Jun 2008 10:49:11 GMT)
Want to Save 35 Percent on Insurance?
(ARA) - Next to housing and transportation, your biggest expense is likely insurance. According to the latest Consumer Expenditure Survey released by the Bureau of Labor Statistics of the U.S. Department of Labor, the average American spends 7.9 percent of their income protecting what they have. (Sun, 01 Jun 2008 12:02:17 GMT)
After Caesareans, Some See Higher Insurance Cost
With individual insurance, prices differ based on medical histories; a past Caesarean can mean higher premiums. (Sun, 01 Jun 2008 12:37:47 GMT)
Caesarean section may have insurance risk
NEW YORK, June 1 (UPI) -- Giving birth through Caesarean section may result in higher health insurance costs for some U.S. women, health officials say. (Sun, 01 Jun 2008 19:40:22 GMT)
After Caesareans, Some See Higher Insurance Cost
With individual insurance, prices differ based on medical histories; a past Caesarean can mean higher premiums. (Mon, 02 Jun 2008 00:37:51 GMT)
Insurance deficit worsens plight of China's quake victims
It will take years for the quake disaster zone in the southwestern province of Sichuan to recover, but some people may never be able to get back on their feet because they did not have insurance. (Mon, 02 Jun 2008 02:45:00 GMT)
Insurance deficit worsens plight of China's quake victims
BEICHUAN, China : It will take years for the quake disaster zone in the southwestern province of Sichuan to recover, but some people may never be able to get back on their feet because they did not have insurance. (Mon, 02 Jun 2008 04:37:38 GMT)
$800M contract alters insurance landscape
In a blow to the state's largest insurance company, the new Oregon Educators Benefit Board passed over Regence BlueCross BlueShield of Oregon for the state's biggest health care contract, an $800 million deal to insure public school teachers. (Mon, 02 Jun 2008 05:28:07 GMT)
Insurance group aims to get minorities into industry
Shanna Reid stumbled upon her first opportunity in the insurance industry. (Mon, 02 Jun 2008 05:47:42 GMT)
6 ways to save money on car insurance
As the price of gas tops $4 a gallon, perhaps it's time to think about another painful cost of driving: auto insurance. (Mon, 02 Jun 2008 08:13:18 GMT)
Coastal insurance costly
Since Hurricane Katrina blew ashore nearly three years ago and caused massive damage along the Gulf Coast, families in many coastal states have found it difficult and costly to obtain comprehensive homeowners insurance. (Mon, 02 Jun 2008 08:51:56 GMT)
Liberty Mutual to form personal and commercial insurance company in India
Liberty Mutual Group said Monday it plans to provide personal and commercial insurance in India with its partner, Dabur GI Invest Corp. (Mon, 02 Jun 2008 12:08:07 GMT)
(AFX UK Focus) 2008-06-02 12:58 Randall & Quilter says UK court orders trial of issues with insurance companies
LONDON (Thomson Financial) - Randall & Quilter Investment Holdings Plc. said the English Commercial Court has ordered the trial of preliminary issues between its Cavell USA Inc. unit and its chairman Ken Randall, and Seaton Insurance Co. and Stonewall Insurance Co. (Mon, 02 Jun 2008 12:09:58 GMT)
Cuomo sues insurance broker over senior citizen policies
Attorney General Andrew Cuomo sued an insurance broker Monday who allegedly has sold senior citizens insurance for home-health services they didn't need. (Tue, 03 Jun 2008 07:08:08 GMT)
State insurance office rejects Hartford companies' 40 percent increase
Insurer's steep increase is rejected The Hartford insurance companies are the latest targets of the state's smackdown on property insurance rates. (Tue, 03 Jun 2008 07:15:35 GMT)
Hartford loses bid to raise insurance rates
State regulators denied a nearly 40 percent insurance rate increase sought by The Hartford Companies, noting the request wasn't fully justified in the company's rate filing last year. (Tue, 03 Jun 2008 07:26:02 GMT)
Dabur Group To Tie-Up With Liberty Mutual Group To Promote Non-Life Insurance Biz
(RTTNews) - The promoters of Dabur group are planning to tie-up with Boston-based diversified insurer, Liberty Mutual Group, to form a non-life insurance company christened Dabur Liberty General Insurance Company. (Tue, 03 Jun 2008 08:42:59 GMT)
Study: Ky. families need more help with insurance programs
Families eligible for Medicaid and the Kentucky Children's Health Insurance Program need more help from the state in understanding how to get benefits, according to a study released yesterday. (Tue, 03 Jun 2008 08:45:36 GMT)
Fire & Allied Insurance Industry Global Strategic Business Report is Available Now
Research and Markets (http://www.researchandmarkets.co has announced the addition of "Fire & Allied Insurance Industry - Global Strategic Business Report" to their offering. (Tue, 03 Jun 2008 09:41:16 GMT)
Kazakh nuclear company seeks $3 bln Japan insurance
WEST MYNKUDUK, Kazakhstan, June 3 - Kazakh uranium company Kazatomprom is seeking a $3 billion credit insurance facility from a Japanese company to fund development, Kazatomprom CEO Mukhtar Dzhakishev said on Tuesday. (Tue, 03 Jun 2008 11:55:45 GMT)
Health insurance gains detailed
The number of uninsured adults in Massachusetts fell by almost half last year, says a study released today, while the state's Revenue Department reports that 86,000 people paid a state tax penalty rather than buy insurance. (Tue, 03 Jun 2008 12:22:58 GMT)
Mourette named CEO of SSQ General Insurance
SSQ General Insurance Co. has appointed Gilles Mourette as its new chief executive officer. Mourette brings a total of 25 years of experience in the insurance and financial services sector to this position. Since 1999, he has been senior vp of information technology at SSQ, Life Insurance Co. (Tue, 03 Jun 2008 12:42:18 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. (Tue, 03 Jun 2008 12:47:17 GMT)
Former Pro Bowler Newberry provides insurance for injured Hardwick
SAN DIEGO -- Former Pro Bowl center Jeremy Newberry signed a one-year contract with the San Diego Chargers on Monday, most likely as insurance in case Nick Hardwick isn't ready for the start of the season. (Tue, 03 Jun 2008 21:59:05 GMT)
Car insurance gets cheaper by 30%
Ever since the Insurance Regulatory and Development Authority (Irda) allowed motor insurance companies to decide premiums in December 2007, car insurance premiums have fallen sharply. The focus, it seems, is clearly on garnering more retail customers.For instance, in March 2007, the premium for a Honda City was Rs 20,760 in Mumbai. But this year it has fallen to Rs 15,770 - a difference of Rs ... (Wed, 04 Jun 2008 06:29:04 GMT)
Lawmakers Discuss Insurance Cost For Teachers
LITTLE ROCK - A legislative committee voted Tuesday to increase funding for salaries and instructional material by up to $58.8 million and recommended that the Legislature study ways to help teachers with rising health insurance cost. (Wed, 04 Jun 2008 08:31:07 GMT)
Saudi announces health insurance for foreign workers
RIYADH -- Saudi Arabia’s Ministry of Health will implement a compulsory health insurance scheme for the estimated four million foreign workers in the Islamic Kingdom. (Wed, 04 Jun 2008 08:59:02 GMT)
Insurance verifier to begin field test
The system will allow police to match vehicles with insurance information. (Wed, 04 Jun 2008 09:42:32 GMT)
(AFX UK Focus) 2008-06-04 11:46 Brit Insurance's outlook cut to negative from stable - Fitch
MUMBAI (Thomson Financial) - Fitch Ratings cut its outlook on the insurer financial strength rating of Brit Insurance Holdings Plc.'s principal unit Brit Insurance Ltd. to negative from stable to reflect the agency's concern over the effectiveness of the group's expansion into the U.K. regions and the drag the U.K. business unit is expected to have on Brit Insurance and group earnings. (Wed, 04 Jun 2008 10:54:54 GMT)
Naturopathy insurance a boon to industry
Wednesday, June 4 BRATTLEBORO -- Naturopathic physicians in Vermont say a new law that requires insurance companies to cover their services has led to an increase in the number of patients they are seeing. (Wed, 04 Jun 2008 11:23:44 GMT)
Study: Fewer Missourians Have Health Insurance
A new study finds more Missourians are currently living without health insurance. That news doesn't exactly shock the people who deal with the problem everyday. (Wed, 04 Jun 2008 12:13:01 GMT)
Help with Medicare, insurance at SHINE today
MANATEE - The group SHINE - which offers individual assistance with Medicare, Medicare supplements, long-term care, insurance, group insurance and HMOs - offers help at 9, 9:45, 10:30 and 11:15 a.m. today at the Cortez Center, at 6670 Cortez Road. (Wed, 04 Jun 2008 12:18:10 GMT)
Nigeria: Kingibe Tasks Insurance Companies On Prompt Payment of Claims
Secretary to the Federal Government, Amb. Babagana Kingibe yesterday said the reluctance of most insurance companies to honour their obligations to policy holders was responsible for lack of interest in insurance policy. (Wed, 04 Jun 2008 12:44:41 GMT)
Demand for Insurance on Art Increases
Demand for private art insurance has risen sharply in the months after the Swiss art scene was jolted by the theft of four 19th-century paintings, the Swiss unit of German insurer Allianz said. (Thu, 05 Jun 2008 00:07:15 GMT)
Some small towns opt to buy terrorism insurance
The extra coverage is relatively inexpensive for a small village it can amount to less than $100 a year and in many cases it's a standard feature of government insurance pools. (Thu, 05 Jun 2008 02:56:21 GMT)
Get flood insurance, disaster chief urges
More than 500 St. Charles Parish homes have flooded more than once since the federal flood insurance program began in 1978, and parish homeowners have filed nearly 4,000 flood-related insurance claims since then. (Thu, 05 Jun 2008 02:59:05 GMT)
N.Y. High Court: Insurance Excluding 'Terrorism' Violates Lease
The tenant of a commercial building in Manhattan violated its lease by acquiring insurance that provided coverage for damage due to many typical acts of terrorists but which carried a binder stating that "terrorism is excluded," a unanimous New York Court of Appeals decided Tuesday. The lease does not specifically require coverage for acts of terrorism, but the court found that by expressly ... (Thu, 05 Jun 2008 03:16:26 GMT)
Zurich, Allstate Bid for RBS Insurance Units, Reuters Says
June 4 (Bloomberg) -- Zurich Financial Services AG may be the front-runner to purchase the insurance units being sold by Royal Bank of Scotland Group Plc, Reuters said. (Thu, 05 Jun 2008 05:35:54 GMT)
Loan insurance 'costing too much'
People buying Payment Protection Insurance are being overcharged by £1.4bn a year, the regulator says. (Thu, 05 Jun 2008 06:23:07 GMT)
Loan insurance seen too costly
LONDON (Reuters) - Britons are being overcharged by over 1.4 billion pounds a year from the sale of insurance to cover repayment of loans when they fall ill and industry price caps may be introduced, the competition watchdog said. (Thu, 05 Jun 2008 07:41:57 GMT)
Kostan: Insurance switch no '09 boost
LYNN - A potential money-saving change of the city's health insurance providers will not come in time to ease the blow of the fiscal 2009 school budget, but Superintendent Nicholas Kostan is hopeful that the change will allow for savings on future spending plans. (Thu, 05 Jun 2008 07:46:37 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. (Thu, 05 Jun 2008 11:45:17 GMT)
Beat the High Cost of Health Insurance
(ARA) - If you've shopped for or are currently paying for health insurance, you know that consumers are paying more than ever before for their policies. But the numbers are staggering. (Thu, 05 Jun 2008 12:15:26 GMT)
Colo. pastor pleads guilty in insurance fraud case
A prominent Denver-area pastor pleaded guilty Thursday to felony theft in an insurance fraud case and has been sentenced to eight months' probation and ordered to pay $500,000 in restitution. (Thu, 05 Jun 2008 20:48:33 GMT)
Denver pastor pleads in insurance fraud case
A prominent Denver-area pastor accused of falsifying insurance documents to funnel money to church groups he controlled pleaded guilty Thursday to felony theft and was sentenced to serve probation and pay restitution. (Fri, 06 Jun 2008 03:13:50 GMT)
Nigeria: Oscar Facilitates Payment of Insurance Claims
One-Stop Claims Shop for Motor Vehicle Insurance (OSCAR) set up by the SERVICOM office to assist accident victims in processing insurance claims has so far secured compensation and claims for seven accident victims to the tune of N475,000 over the last six months. (Fri, 06 Jun 2008 09:44:04 GMT)
Aviva to cut 1,800 insurance jobs
Norwich Union owner Aviva will cut up to 1,800 jobs by 2010 as it restructures its insurance operations. (Fri, 06 Jun 2008 09:49:18 GMT)
Panel approves state health insurance coverage for domestic partners
CARSON CITY -- A panel that oversees the state employee health insurance program voted Thursday to extend coverage to the domestic partners of plan participants despite budget problems that could make the $2.7 million cost unaffordable. (Fri, 06 Jun 2008 09:58:10 GMT)
Insurance Giant To Lose 1,800 Jobs
Insurance firm Aviva is warning it expects to make between 1,500 and 1,800 redundancies by the end of 2010. (Fri, 06 Jun 2008 10:37:00 GMT)
1,800 insurance jobs set to go
Insurance group Aviva today warned it expected to make between 1,500 and 1,800 redundancies by the end of 2010. (Fri, 06 Jun 2008 10:51:55 GMT)
Aviva to cut 1,800 jobs in UK insurance unit
Insurance company Aviva PLC said Friday it plans to slash up to 1,800 jobs at Norwich Union, its British general insurance business, by the end of 2010. (Fri, 06 Jun 2008 12:07:10 GMT)
Lindsay Lohan - Insurance Row Nearly Ends Lohans Film Career
Troubled star LINDSAY LOHAN nearly missed out on the opportunity to star in her new movie LABOR PAINS - because insurance companies refused to cover her. Actors with ... (Fri, 06 Jun 2008 12:50:02 GMT)
Vermont Governor Signs Captive Insurance Law Changes
Governor Jim Douglas has signed into law a bill making changes to Vermont's banking and insurance laws, including provisions for streamlining and growing the state's captive insurance industry. (Fri, 06 Jun 2008 12:52:56 GMT)
Scottish insurance jobs at risk
Hundreds of jobs are at risk as Norwich Union owner Aviva plans to restructure its insurance operations. (Fri, 06 Jun 2008 15:08:44 GMT)
Aviva cuts 1,800 insurance jobs at Norwich Union
Aviva is cutting up to 1,800 British jobs at its Norwich Union business as it seeks to streamline its general insurance operations. Britain's biggest insurer will cut the administration jobs by 2010 as it slashes its customer service and back office centres for general insurance from 22 to seven. (Sat, 07 Jun 2008 01:20:35 GMT)
Marblehead detective, Lynn cops on state’s Insurance fraud force
On May 19, Attorney General Martha Coakley's Office and the Insurance Fraud Bureau of Massachusetts held an Executive Insurance Fraud Summit, a collaborative effort to discuss strategies to prevent and prosecute insurance fraud. (Sat, 07 Jun 2008 07:35:47 GMT)
Amid the financial gloom, home insurance prices dip
The deregulation of the automobile insurance market in Massachusetts has delivered an unexpected benefit to consumers: a break from constantly rising premiums for their homeowner's policies. (Sat, 07 Jun 2008 08:22:47 GMT)
Insurance can be lost as diplomas are gained
As hundreds of young people graduate from high school and college, they are also graduating from their parents' health insurance plans. (Sat, 07 Jun 2008 08:43:30 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. (Sat, 07 Jun 2008 09:36:14 GMT)
The Case for Renter's Insurance: Protection from Losses and Lawsuits
NEW YORKUnsure whether you need renter's insurance' Some renters mistakenly believe their landlord or condo association carries insurance that covers their property as well. But such policies insure only against damages to the building and its structure, not to items in individual units. (Sat, 07 Jun 2008 10:13:55 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, 07 Jun 2008 11:35:41 GMT)
New way of predicting storms may mean higher insurance
TALLAHASSEE (Bay News 9) -- After two quiet hurricane seasons, many Floridians believe that property insurance rates are due to come down. (Sat, 07 Jun 2008 11:44:38 GMT)
Health insurance choice is critical after a job loss
Losing your paycheck isn't the only problem when you're laid off. You probably need to decide what to do about health insurance if your employer has been providing your coverage. (Sat, 07 Jun 2008 16:16:33 GMT)
Five credits can cut home insurance bill
Homeowners often don't take time to reassess their home-insurance coverage when it's time to pay the premium. (Sun, 08 Jun 2008 05:12:50 GMT)
Don't Let Medical Insurance Slide
Losing your paycheck isn't the only problem when you're laid off. You probably need to decide what to do about health insurance if your employer has been providing your coverage. The temptation might be to go without it to save money, hoping nothing befalls you before you find a new job with insurance. That would be a mistake. Even the young and healthy can suffer broken bones playing sports or ... (Sun, 08 Jun 2008 07:27:49 GMT)
Marblehead detective, Lynn cops on state’s Insurance fraud force
On May 19, Attorney General Martha Coakley's Office and the Insurance Fraud Bureau of Massachusetts held an Executive Insurance Fraud Summit, a collaborative effort to discuss strategies to prevent and prosecute insurance fraud. (Sun, 08 Jun 2008 07:36:40 GMT)
Job loss means no insurance
Here are ways you can get or continue health coverage. Losing your paycheck isn't the only problem when you're laid off. You probably need to decide what to do about health insurance if your employer has been providing your coverage. (Sun, 08 Jun 2008 08:17:12 GMT)
Most districts pay full insurance
While corporate America continues to cut health insurance benefits for its employees, Morris public schools remain among the few places where full, free medical insurance is a right for almost all workers. (Sun, 08 Jun 2008 08:22:46 GMT)
Separate insurance on jewelry often needed
I've heard there are insurance policies that I can buy for my new engagement ring, digital camera or golf clubs that may not be covered by other insurance I hold. When is it a good idea to get one of these policies? (Sun, 08 Jun 2008 08:51:36 GMT)
Finding Affordable Health Insurance Is Easy
(ARA) - Having health insurance gives us piece of mind. But have you ever thought you might be overpaying for your coverage? Or what if you find yourself without health coverage and need to find something affordable fast? The answers to these questions can easily be found on the Internet. (Sun, 08 Jun 2008 09:22:59 GMT)
Insurance row nearly ends Lohan's film career
Troubled star Lindsay Lohan nearly missed out on the opportunity to star in her new movie Labor Pains - because insurance companies refused to cover her. (Sun, 08 Jun 2008 11:15:08 GMT)
Kent Krabbe, executive director of the Maryland Automobile Insurance Fund
Five Things I Have To Have Now For four years, Kent Krabbe has been in charge of the quasi-state agency that provides automobile liability insurance for those Marylanders unable to afford it. Krabbe, an attorney who spent many years in private practice, said he welcomed the challenge of overseeing an agency that, today, employs more than 400 people. (Sun, 08 Jun 2008 11:48:37 GMT)
Caribbean renews insurance coverage
Caribbean governments have renewed insurance policies that provide emergency cash to islands in case of natural disaster. (Sun, 08 Jun 2008 23:02:44 GMT)
Willis Will Buy Hilb Rogal Insurance Broker for $2.1 Billion
June 8 (Bloomberg) -- Willis Group Holdings Ltd. , the world's third-largest insurance broker, plans to buy Hilb Rogal and Hobbs Co. for $2.1 billion, aiming to take a bigger share of commissions for matching buyers and sellers of coverage. (Mon, 09 Jun 2008 02:18:15 GMT)
London's Willis to buy U.S. insurance broker for $1.7 billion
SAN FRANCISCO (MarketWatch) -- Willis Group Holdings Ltd. of London will acquire rival insurance broker Hilb Rogal & Hobbs Co., of Glendale, Va., for $1.7 billion in cash and stock in a deal that could lead to more mergers in a sector analysts say is ripe for further consolidation, according to a media report Sunday. (Mon, 09 Jun 2008 03:34:43 GMT)
Willis Will Buy Hilb Rogal to Expand U.S. Insurance Brokerage
June 9 (Bloomberg) -- Willis Group Holdings Ltd. , the world's third-largest insurance broker, plans to buy Hilb Rogal and Hobbs Co. for $1.7 billion in cash and stock to expand in the U.S. and take on its two biggest rivals in their home market. (Mon, 09 Jun 2008 04:49:32 GMT)
Insurance broker Willis to buy rival for $1.7 billion
Willis Group Holdings Ltd. , the world's third largest insurance brokerage, will buy smaller rival Hilb Rogal & Hobbs Co for $1.7 billion, looking to boost business as insurance rates soften. (Mon, 09 Jun 2008 06:24:36 GMT)
Willis Group to Buy U.S. Insurance Broker Hilb Rogal (Update1)
June 9 (Bloomberg) -- Willis Group Holdings Ltd. , the world's third-largest insurance broker, plans to buy Hilb Rogal & Hobbs Co. of the U.S. for $1.7 billion to take on its two biggest rivals in their home market. (Mon, 09 Jun 2008 07:34:52 GMT)
Lloyd's Analyzes Impact on Insurance of World Food Price Hikes
The rise in world food prices carries implications for both rich and poor countries - the latter will more fully feel the impact, as well as the insurance industry. The recent conference in Rome, orga (Mon, 09 Jun 2008 11:07:35 GMT)
Camerons recruits Jardine insurance guru
CMS Cameron McKenna has boosted its insurance offering by poaching the group legal adviser of insurance broker Jardine Lloyd Thompson Group. ... (Mon, 09 Jun 2008 11:53:42 GMT)
Insurance issue forces closure of flight school at Castle
Merced County has again grounded one of the flight schools at Castle Commerce Center because of a problem with its insurance policy. (Mon, 09 Jun 2008 12:19:06 GMT)
Insurance and Transport
In R (on the application of Risk Management Partners Ltd) v Brent London Borough Council and others, the High Court has issued a very significant judgment concerning the powers of Local Authorities to establish mutual insurance companies, the direct award of contracts to in-house companies and liability and delay in relation to an action for breach of the Public Contracts Regulations 2006 (the ... (Mon, 09 Jun 2008 12:32:03 GMT)
Choice urges states to overhaul home warranty insurance
Consumer group Choice has told a Senate inquiry that mandatory home warranty insurance needs a complete revamp in most states. (Tue, 10 Jun 2008 06:49:00 GMT)
Lawyer gets 2 months for insurance fraud
A Center City personal-injury lawyer was sentenced to two months in prison yesterday for obtaining an insurance settlement on behalf of two undercover FBI agents posing as injured patients. (Tue, 10 Jun 2008 07:49:39 GMT)
Four Out Of Five Disability Income Insurance Claimants Are Satisfied With Their Policy
Four out of five disability income insurance claimants are satisfied with their policy, according to a new survey conducted by Harris Interactive on behalf of America's Health Insurance Plans (AHIP). "Disability insurers are providing valuable income protection and innovative services that are helping to meet the needs of disabled workers," said Karen Ignagni, President and CEO of AHIP. (Tue, 10 Jun 2008 08:19:42 GMT)
Insurance pain for school staff
School district employees are already braced for a pay cut. Now they are likely to be asked to pay higher insurance premiums. (Tue, 10 Jun 2008 08:46:37 GMT)
City May Waive Raises To Pay Insurance Costs
FORT MEADE | City administrators in Fort Meade said they see only one way around a $60,000 increase in employee insurance costs - waive employee raises."There's no way we can absorb a $60,000 increase in insurance premiums," said City Manager Fred Hilliard, "so we're having to look at other options." (Tue, 10 Jun 2008 10:13:29 GMT)
Insurance Broker Willis to Acquire HRH
In what is believed to be the insurance brokerage industry's biggest deal in a decade, Willis Group Holdings has agreed to buy Richmond (Va.)-based Hilb Rogal & Hobbs in a deal valued at $2.1 billion. The deal will cement $2.6-billion-a-year Willis' standing as No. 3 in the industry globally, by adding HRH's $800 million a year in revenues. (Tue, 10 Jun 2008 12:08:42 GMT)
Title insurance agent charged with larcenies
An Islip Terrace woman who worked as a title insurance agent has been indicted after she swindled at least two homeowners out of $500,000, Suffolk prosecutors said. (Tue, 10 Jun 2008 12:13:08 GMT)
Minister Harney Welcomes Entry Of Hibernian To The Health Insurance Market, Ireland
The Minister for Health and Children, Mary Harney TD today (Monday 9th June) welcomed the entry of Hibernian into the health insurance market. Their entry follows the purchase of 70% of VIVAS which was approved by the Financial Regulator last month. The Minister sees the move re-enforcing the development of competition in the community rated health insurance market. (Tue, 10 Jun 2008 12:17:22 GMT)
AmWINS Transportation Underwriters Introduces New Insurance Programs for Commercial Auto Industry
AmWINS Transportation Underwriters (ATU) today announced it has launched several new insurance programs for the trucking and commercial auto industry. (Tue, 10 Jun 2008 12:31:03 GMT)
Hudson Insurance Acquires D&O Agency Hooghuis
Hudson Insurance Group, the U.S. insurance division of Odyssey Re Holdings Corp., reports it has acquired Hooghuis Group LLC, an underwriting agency specializing in U.S. directors and officers liabili (Tue, 10 Jun 2008 12:54:55 GMT)
McCain backs tax overhaul, portable health insurance
Republican presidential candidate John McCain threw some red meat to the small-business crowd on Tuesday, promising that if elected president he would drastically overhaul the tax system, end corporate welfare, introduce tax credits to make health insurance more affordable, and help the GOP "reclaim our good name as the party of spending restraint." (Wed, 11 Jun 2008 02:35:00 GMT)
Aon's Case Calls Takeovers `Attractive' as Insurance Rates Drop
June 11 (Bloomberg) -- Aon Corp. , the world's second-biggest insurance broker, will find ``attractive'' takeover opportunities and has the resources to buy competitors as insurance rates drop, Chief Executive Officer Gregory Case said. (Wed, 11 Jun 2008 04:46:57 GMT)
4 charged in insurance fraud case
Four men have been been charged with stealing as much as $500,000 in an insurance-fraud scheme that stretched the length of New Jersey and reached into eastern Pennsylvania, officials said yesterday. (Wed, 11 Jun 2008 08:21:58 GMT)
EPF DENY LAUNCHING CRITICAL ILLNESS INSURANCE SCHEME
KUALA LUMPUR, June 11 (Bernama) -- The Employees Provident Fund (EPF) today denied a report which said it had launced the proposed Critical Illness Insurance Withdrawal Scheme for its members. (Wed, 11 Jun 2008 10:10:15 GMT)
Insurance Bills Take Another Storm Hit
The bills for the wicked hurricane seasons of 2004 and 2005 are still coming in, and Floridians with insurance policies covering everything from autos to boats to homes will have to dig deeper to cover the tab. (Wed, 11 Jun 2008 10:41:38 GMT)
Health insurance bill to be introduced in House
Several Democratic and Republican U.S. congressmen, including La Crosse Democrat Ron Kind, said Tuesday they will introduce a bill this week aimed at making health insurance more available and affordable for small businesses and their employees. (Wed, 11 Jun 2008 12:10:42 GMT)
EU Plan to Shake up Insurance Industry
The European Commission has proposed shaking up how the European Union's insurance sector covers risk. Solvency II aims to protect policyholders better and spur competition in the 27-nation Europea (Wed, 11 Jun 2008 12:24:54 GMT)
Towns sign up for terrorism insurance
Associated Press - June 11, 2008 8:25 AM ET WEST BARABOO, Wis. (AP) - Communities across the country and some in Wisconsin have signed up for domestic terrorism insurance. (Wed, 11 Jun 2008 12:27:07 GMT)
Driving Less Could Earn Break on Car Insurance
Gasoline prices are forcing many people to rethink their driving habits. Consumers who are driving less could get a break on their car insurance. (Wed, 11 Jun 2008 12:28:32 GMT)
MBIA says it won't funnel $900 million into bond insurance
MBIA Inc. says it won't funnel $900 million into its bond-insurance unit because the subsidiary has enough money to pay future claims, and the company wants to use the capital to pursue other opportunities. (Wed, 11 Jun 2008 22:04:41 GMT)
Unemployment Insurance Falls Just Short In House
House Democrats fell just three votes short in their drive to pass an extension of unemployment insurance benefits Wednesday night, however, party leaders vowed they would bring the bill up again on Thursday. (Wed, 11 Jun 2008 22:15:22 GMT)
Gingrich suggests insurance mandate for some
Former U.S. House Speaker Newt Gingrich on Wednesday outlined his strategy to combat rising health care costs -- a plan of attack that includes insurance mandates for people who earn more than $75,000 a year. (Wed, 11 Jun 2008 23:55:28 GMT)
Insurance claims mount for damage
Thousands of claims, amounting to millions of dollars in payouts to policy-holders, have been pouring into property insurance companies in Wisconsin in the wake of last weekend’s rain storms. (Thu, 12 Jun 2008 04:07:43 GMT)
Lake Delton opted out of flood insurance plan
Lake Delton - Residents and landowners affected by the Lake Delton breach spent Wednesday seeking an explanation for why the community opted out of a free national floodplain insurance program that 90% of the state's flood-prone communities have joined. (Thu, 12 Jun 2008 05:05:05 GMT)
4 charged in insurance fraud case
Four men have been been charged with stealing as much as $500,000 in an insurance-fraud scheme that stretched the length of New Jersey and reached into eastern Pennsylvania, officials said yesterday. (Thu, 12 Jun 2008 05:07:59 GMT)
Repair-shop owner pleads guilty to insurance fraud
An Oxnard man pleaded guilty to felony auto insurance fraud, District Attorney Greg Totten said Wednesday. (Thu, 12 Jun 2008 08:56:54 GMT)
RBS Insurance Chief Declines to Take all Stock Rights (Update1)
June 12 (Bloomberg) -- Royal Bank of Scotland Group Plc 's insurance head was among three executives to take up less than their full entitlement to buy new stock in the bank's 12.3 billion-pound ($24.1 billion) rights offer. (Thu, 12 Jun 2008 09:08:14 GMT)
Sharma to Head New Marsh Insurance Regulatory & Tax Consulting Practice
Marsh's London office announced that it has established an Insurance Regulatory & Tax Consulting Practice within the firm's Global Risk Management Division, to be headed by Praveen Sharma. Marsh sa (Thu, 12 Jun 2008 10:40:14 GMT)
Are You Over Paying for Auto Insurance?
(ARA) - We're increasingly relying on the Internet to research, find that great deal and add convenience to balance out our hectic lives. That's why more of us are looking for car insurance online. We want a company that's reliable, gives us the best rate and offers online convenience. (Thu, 12 Jun 2008 12:50:38 GMT)
Caribbean governments renew insurance coverage
Caribbean governments have renewed insurance policies that provide emergency cash to islands in case of natural disaster. (Thu, 12 Jun 2008 20:01:29 GMT)
Vital Signs: Millions with insurance still face serious financial, health risk
People without health insurance risk potential financial disaster if they should need expensive medical care, but a growing number of underinsured Americans also find themselves on shaky financial ground. (Thu, 12 Jun 2008 23:35:01 GMT)
Insurance cut riles Chrysler retirees
Retired Chrysler salaried workers are angry that a one-time company pension payment -- offered when the automaker eliminated life insurance -- buys them little in the way of death benefits. (Fri, 13 Jun 2008 05:29:41 GMT)
Hudson Acquires D&O Insurance Business
Hudson Insurance Group, the U.S. insurance division of Odyssey Re Holdings Corp., announced its acquisition of Hooghuis Group, an underwriting agency specializing in U.S. directors and officers liability insurance. (Fri, 13 Jun 2008 10:07:29 GMT)
Lloyd's Examines Growth of Polish Insurance Industry
While most people identify Russia as the emerging insurance market in Eastern Europe, Lloyd's notes that "Poland is beginning to make a name for herself. When Lloyd's Chairman Lord Levene visited the (Fri, 13 Jun 2008 10:39:56 GMT)
Industry Apprenticeships are Growing Says UK's Chartered Insurance Institute
"A growing number of insurance companies, including R&SA, Equity, JCB Insurance Services and Direct Line, have enrolled staff in Apprenticeship programs, taking advantage of the financial benefits of (Fri, 13 Jun 2008 10:54:57 GMT)
Wall Street's Latest Darling: Life Insurance Settlements
Many of us have never heard of life insurance settlements. Actually, they have been around for several decades and have become quite popular among investors like Credit Suisse, Deutsche Bank, Berkshire Hathaway and hedge funds. In fact, the annual cash volume of life insurance settlements in the U.S. today exceeds $10 billion and is constantly growing. (Fri, 13 Jun 2008 12:16:41 GMT)
Insurance Agents Accused of Fraud
Two Ozarks insurance agents have been ordered to pay $1.2 million in fines after using their knowledge of state health care programs in an elaborate scam. (Fri, 13 Jun 2008 12:41:41 GMT)
Former Judge's Insurance Fraud Trial Moved to Pittsburgh
Former Superior Court Judge Michael Joyce's insurance fraud trial is going to be held in federal court in Pittsburgh, not Erie. Senior U.S. District Judge Maurice Cohill has granted a defense requ (Fri, 13 Jun 2008 12:54:56 GMT)
Finding Affordable Health Insurance Is Easy
(ARA) - Having health insurance gives us piece of mind. But have you ever thought you might be overpaying for your coverage? Or what if you find yourself without health coverage and need to find something affordable fast? The answers to these questions can easily be found on the Internet. (Fri, 13 Jun 2008 12:56:32 GMT)
Missouri men must pay $1.2M for insurance scheme
The state insurance department has ordered two southwest Missouri men and the companies to which they're connected to pay a total of $1.2 million for a health insurance scheme. (Fri, 13 Jun 2008 17:34:37 GMT)
States Can't Stop Health Insurance Abuses
People who buy individual health coverage in most states are vulnerable to insurance company tactics that can deny them care, a health care advocacy group warns. (Fri, 13 Jun 2008 19:01:24 GMT)
Auto insurance rates on the way down?
Manitoba Public Insurance will ask for a one per cent overall decrease in Autopac rates for next year. (Sat, 14 Jun 2008 04:50:43 GMT)
Health insurance bill to be introduced in House
Several Democratic and Republican U.S. congressmen, including La Crosse Democrat Ron Kind, said Tuesday they will introduce a bill this week aimed at making health insurance more available and affordable for small businesses and their employees. (Sat, 14 Jun 2008 05:10:41 GMT)
Chartered Insurance Institute
The Chartered Insurance Institute is the world's largest professional body dedicated to insurance and financial services, with over 92,000 members in 150 countries. (Sat, 14 Jun 2008 05:28:02 GMT)
CSU system, other state agencies see auto insurance rates dip
Fewer state workers are crashing their government cars and trucks, giving cash-strapped departments and agencies a Christmas gift in July: lower insurance rates. (Sat, 14 Jun 2008 07:23:06 GMT)
Balance Your Budget by Saving on Insurance
(ARA) - Next to housing and transportation, your biggest expense is likely insurance. According to the latest Consumer Expenditure Survey released by the Bureau of Labor Statistics of the U.S. Department of Labor, the average American spends 7.9 percent of their income protecting what they have. (Sat, 14 Jun 2008 09:32:14 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. (Sat, 14 Jun 2008 09:32:34 GMT)
Beat the High Cost of Health Insurance
(ARA) - If you've shopped for or are currently paying for health insurance, you know that consumers are paying more than ever before for their policies. But the numbers are staggering. (Sat, 14 Jun 2008 10:20:25 GMT)
Winning at the Health Insurance Game
(ARA) - Are Americans paying too much for health insurance? While health care costs continue to skyrocket, more and more consumers are finding affordable health insurance solutions online. (Sat, 14 Jun 2008 12:56:22 GMT)
Grieving widow's $300,000 insurance blow
The 30-year-old Indian man gunned down in cold blood behind the counter of his south Auckland liquor store tragically cancelled his $300,000 life insurance policy just over a month before he died. (Sat, 14 Jun 2008 22:49:10 GMT)
A child-friendly insurance shift
Finally, an accelerating trend in health-care insurance that’s good news for many parents. (Sun, 15 Jun 2008 03:34:19 GMT)
State targets health insurance scam
The Nevada Division of Insurance is promoting its consumer education program through an advertising campaign launched Friday. The effort includes TV spots and Web site banners. (Sun, 15 Jun 2008 08:57:45 GMT)
Purina to offer pet insurance
ST. LOUIS - You insure your house. You insure your car. So what about your family pet? Nestle Purina PetCare announced that it will begin offering PurinaCare, the first pet health insurance under pet food maker Purina's name. (Sun, 15 Jun 2008 09:08:33 GMT)
A Faster Way to Shop for Life Insurance
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance. (Sun, 15 Jun 2008 09:47:41 GMT)
For some, flood insurance is an absolute necessity
If a home’s roof leaks, homeowners’ insurance covers damages. If the water rises from the bottom, though, it’s a different story. Only flood insurance covers flood damage — a lesson many are learning now. A third of all floods are flash floods like those that washed out roads, flooded basements and took lives last weekend, June 7 and 8. Many floods happen in places that aren’t ... (Sun, 15 Jun 2008 10:01:15 GMT)
Mr Justice Consumer Advice: £2000 insurance grab-back foiled
A BUNGLING insurance company cocked up a couple’s payment on a cancer claim. (Sun, 15 Jun 2008 10:34:01 GMT)
Travel insurance protects against the unexpected
Lynn Williams appreciates the benefits of travel insurance. (Sun, 15 Jun 2008 11:09:16 GMT)
Will mortgage insurance protect against job loss?
Does mortgage insurance protect me if I'm disabled or lose my job? No, mortgage insurance protects the lender against loss in the event that you default. You pay the premium, but the lender receives the protection. (Sun, 15 Jun 2008 11:26:34 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. (Sun, 15 Jun 2008 12:47:34 GMT)
Insurance reformer is used to legislative storms
Bill Posey learned about the insurance industry the hard way -- by regulating it. The Republican state senator from Rockledge put in two stints as chairman of the Banking and Insurance Committee. He wrestled with insurers to bring about significant changes in workers' compensation, medical malpractice, personal-injury protection and property casualty. (Mon, 16 Jun 2008 07:14:31 GMT)
Liz Taylor on why long-term care insurance is important
"Aging Deliberately" columnist Liz Taylor talks about why it's important to have a long-term-care insurance policy. (Mon, 16 Jun 2008 07:19:10 GMT)
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