Insurance News Jul 2008
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Covington Takes Heller Insurance Pair
Covington & Burling has picked up two top litigators from Heller Ehrman's insurance recovery practice. David Goodwin and Lawrence Hobel both begin work at Covington's San Francisco office today. The insurance policyholders practice, which is among Heller's key practices, is an uncommon one among big firms. As such, industry watchers say the practice could be a key consideration in any merger ... (Tue, 01 Jul 2008 02:51:00 GMT)
Covington Takes Heller Insurance Pair
Covington & Burling has picked up two top litigators from Heller Ehrman's insurance recovery practice. David Goodwin and Lawrence Hobel both begin work at Covington's San Francisco office today. (Tue, 01 Jul 2008 07:02:59 GMT)
MS Society here will offer financial, insurance info
ST. LOUIS — The National MS Society Gateway Area Chapter will sponsor a free financial teleconference on financial planning and insurance issues from 7 to 8 p.m. July 14. The registration deadline is July 7. Confirmation packets will be sent prior to the program date. (Tue, 01 Jul 2008 08:35:49 GMT)
Tehran to host int'l oil industry insurance
Iran - Oil - Insurance Some international companies have voiced their readiness to participate in the first conference on oil, gas and petrochemical industry insurance with a focus on risk management and reinsurance. (Tue, 01 Jul 2008 10:43:11 GMT)
Insurance study: Sioux Falls, S.D., is nation's safest driving city for third straight year
SIOUX FALLS, S.D. - An insurance study has once again found that Sioux Falls has the safest drivers in the nation, marking the third straight year that South Dakota's largest city has topped the list. (Tue, 01 Jul 2008 11:27:00 GMT)
Costs Pose Challenge To Massachusetts Health Insurance Law One Year After Deadline For Residents To Obtain Coverage
One year after the deadline for Massachusetts residents to obtain health coverage under the state's health insurance law, the percentage of uninsured has declined but the law "still faces a huge challenge: costs," USA Today reports. The law requires most state residents to obtain health coverage or face a tax penalty. (Tue, 01 Jul 2008 13:16:12 GMT)
Survey: Health insurance, fuel costs among top small biz owners burdens
The rising cost of health insurance, fuel and energy and inflation are the top worries among small business owners, according to a survey done every four years by the National Federation of Independent Business and Wells Fargo. (Tue, 01 Jul 2008 13:30:00 GMT)
State insurance department postpones setting medical malpractice rates
The New York State Insurance Department has postponed the setting of new medical malpractice insurance rates, originally scheduled for July 1. (Tue, 01 Jul 2008 14:26:18 GMT)
New mental-health law to start: Insurance industry must offer equal coverage
Starting today, insurance companies in North Carolina must provide the same level of coverage for some mental illnesses that they do for physical ailments. (Tue, 01 Jul 2008 14:52:37 GMT)
Universal health insurance: CD-1 Dems say yes, GOP no
Should there be health insurance for all Americans? (Tue, 01 Jul 2008 14:53:25 GMT)
Chinese shares flat but insurance, brokerage stocks fall again on gloom about market slump
China's shares were flat Wednesday but insurance and brokerage stocks slid further amid worries about a possible interest rate hike and the impact of a market slump on profits. (Wed, 02 Jul 2008 08:41:00 GMT)
Centene Corporation Closes Acquisition of Celtic Insurance Company
Centene Corporation (NYSE: CNC) today announced that it has closed the acquisition of Celtic Group, Inc., the parent company of Celtic Insurance Company ("Celtic"), effective July 1, 2008. Concurrent with regulatory approval of the transaction, Centene received regulatory approval from the Illinois Division of Insurance to realize an extraordinary dividend. (Wed, 02 Jul 2008 10:29:41 GMT)
R.B.S. Said to Seek 2nd-Round Offers for Insurance Unit
Royal Bank of Scotland is looking for second-round offers for its insurance business to be submitted by the end of July, Reuters reported citing unnamed sources. (Wed, 02 Jul 2008 11:21:37 GMT)
Fiserv sells majority stake in insurance business
Fiserv Inc., an information technology provider for the financial services and insurance industries, said Wednesday it will sell a majority stake in its insurance businesses to a private equity fund managed by Stone Point Capital LLC. (Wed, 02 Jul 2008 12:51:22 GMT)
Jack Henry sells insurance banking business to founder
Four years after getting into the insurance business, Jack Henry & Associates is getting out. (Wed, 02 Jul 2008 13:02:23 GMT)
Fiserv sells majority stake in insurance unit
Fiserv, Inc. (NASDAQ:FISV), a leading provider of information technology services to the financial and insurance industries, today announced it has ... (Wed, 02 Jul 2008 13:29:18 GMT)
Lincoln Addresses Insurance Problem
LITTLE ROCK - Sen. Blanche Lincoln met with owners and employees of small businesses and the self-employed Tuesday to discuss legislation that would make health insurance more affordable and accessible for them. (Wed, 02 Jul 2008 13:59:45 GMT)
Insurance scam suspect figured in 'dubious' mishap
Serafin Amog Esperancilla, an auto shop employee who was among five people charged for involvement in a car insurance scam, also figured in a “questionable” vehicular accident seven years ago that ended up with him and a businessman being awarded $120,000 in damages. (Wed, 02 Jul 2008 14:08:16 GMT)
Alabama Beach Pool Offers Insurance Breaks for Fortified Building
The Alabama Insurance Underwriting Association (AIUA), commonly known as the Beach Pool, is implementing new discounts to help coastal Alabama policyholders reduce their insurance premiums for windsto (Wed, 02 Jul 2008 14:29:04 GMT)
Get Peace of Mind, Get Life Insurance
(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. (Wed, 02 Jul 2008 14:36:15 GMT)
Georgia Bars Insurance Firm Over Violations
Regulators in the state say Trans World Assurance violated rules adopted in 2007 to prevent the sale of misleading or unsuitable life insurance policies to military personnel. (Thu, 03 Jul 2008 02:17:03 GMT)
Weapons, drugs found on Delaware County insurance agent
A Delaware County insurance agent who allegedly threatened a state employee and failed to forward documents and money to the Bureau of Motor Vehicles for customers was found to be in possession of heroin and an array of weapons when arrested, police said Tuesday. (Thu, 03 Jul 2008 07:41:47 GMT)
Car insurance fraud '£5m a week'
Insurers uncovered £5m a week of fraudulent motor insurance claims last year, says the industry body. (Thu, 03 Jul 2008 08:51:46 GMT)
Lafayette insurance agent arrested for alleged misappropriation of funds
A Lafayette insurance agent was arrested this week for alleged misappropriation of funds and felony theft. Jenifer Leigh Leger, 36, was arrested by State Police and served by Louisiana Department of Insurance Fraud Section investigators with an order to cease and desist her insurance business. (Thu, 03 Jul 2008 12:21:35 GMT)
Less driving, less cash for insurance
Drivers who have reduced the number of miles they drive due to the high price of gasoline might be able to save money on their car insurance. (Thu, 03 Jul 2008 13:29:58 GMT)
Health Care Agency Closes Amid Pa. Insurance Battle
A battle over health insurance coverage and a malpractice insurance subsidy for doctors has resulted in the shutdown of a state agency that monitors the cost and quality of health care in Pennsylvania. (Thu, 03 Jul 2008 13:40:39 GMT)
Pinnacle Acquires Beach & Gentry Insurance in Tennessee
Pinnacle Financial Partners Inc. has acquired Murfreesboro, Tenn.-based Beach & Gentry Insurance LLC. Terms were not disclosed. The company said that Beach & Gentry will merge with Miller & Loughry (Thu, 03 Jul 2008 13:41:36 GMT)
Lawmakers approve health insurance for autism
HARRISBURG -- Parents of autistic children would be able to pay for behavioral therapy and related services with private health insurance starting next year, under legislation that strikes a compromise between the insurance industry and advocates for the disabled (Thu, 03 Jul 2008 14:20:14 GMT)
Increase in property insurance rates?
Florida residents might see an increase in property insurance rates because of a plan to bolster the Florida Hurricane Catastrophe Fund. (Thu, 03 Jul 2008 14:35:42 GMT)
EMC Insurance Group slashes 2008 outlook
Property and casualty insurer EMC Insurance Group Inc. on Thursday slashed its 2008 operating earnings outlook because of expected losses tied to storms in the Midwest. (Thu, 03 Jul 2008 14:42:44 GMT)
Georgia Bars Insurance Firm Over Violations
Regulators in the state say Trans World Assurance violated rules adopted in 2007 to prevent the sale of misleading or unsuitable life insurance policies to military personnel. (Fri, 04 Jul 2008 01:36:32 GMT)
New York mulls insurance exchange revival
HAMILTON, Bermuda (Reuters) - New York Insurance Superintendent Eric Dinallo is enlisting experts to examine the possibility of reviving the New York Insurance Exchange, which was seen as the U.S. equivalent of the Lloyd's of London market when it was founded to great fanfare in 1980. (Fri, 04 Jul 2008 05:08:06 GMT)
Weapons, drugs found on Delaware County insurance agent
A Delaware County insurance agent who allegedly threatened a state employee and failed to forward documents and money to the Bureau of Motor Vehicles for customers was found to be in possession of heroin and an array of weapons when arrested, police said Tuesday. (Fri, 04 Jul 2008 05:32:01 GMT)
Pa. Senate confirms insurance commissioner
In a move linked with the proposed merger of Independence Blue Cross and Highmark Inc., the Pennsylvania Senate voted yesterday to confirm Joel Scott Ario as the state's insurance commissioner. (Fri, 04 Jul 2008 08:04:03 GMT)
Weigh life insurance vs. long-term care
Most agents agree that people worth less than $100,000 or with a retirement income of less than $40,000 per year should not get LTC insurance. (Fri, 04 Jul 2008 09:41:44 GMT)
Florida Health Insurance Analyst Says McCain's Group Health Ideas Bad For Employees
Florida health insurance web, a free health insurance consulting service reports that "Republican candidate John McCain plans to make buying health insurance similar to buying a computers or cars," saying competition will lower prices of health care. (Fri, 04 Jul 2008 10:08:02 GMT)
Cuomo and regulators plan public hearings on insurance industry
State insurance regulators and Attorney General Andrew Cuomo are planning a series of joint public hearings -- including one in Buffalo -- to consider how insurance agents and brokers are paid in a bid to ensure fairness and prevent potential conflicts of interest. (Fri, 04 Jul 2008 10:54:54 GMT)
Chiropractor pleads no contest to insurance fraud charges
A Boiling Springs chiropractor has entered no-contest pleas to one count of falsifying insurance claims and two of theft by deception. (Fri, 04 Jul 2008 10:56:36 GMT)
The Life Density Insurance Market For The Czech Republic Is Envisaged To Rise From US$208.42 Per Capita In 2007 To ...
Research and Markets (http://www.researchandmarkets.co has announced the addition of the "Czech Republic Insurance Report Q2 2008" report to their offering. (Fri, 04 Jul 2008 11:02:21 GMT)
Prudential launches insurance ad campaign
Prudential General Insurance is launching an integrated marketing campaign across TV, digital and DM created by Inferno. The campaign features the strapline "Insurance the way it should be". (Fri, 04 Jul 2008 13:22:03 GMT)
BAAC expands insurance programme
The Bank for Agriculture and Agricultural Co-operatives (BAAC) plans to expand its crop insurance scheme to cover rice next year. BAAC president Teerapong Tungteerasunun said yesterday that the state-owned bank may provide an insurance programme for rice farmers to guard against natural disasters. (Sat, 05 Jul 2008 01:32:31 GMT)
Chiropractor pleads no contest to insurance fraud charges
A Boiling Springs chiropractor has entered no-contest pleas to one count of falsifying insurance claims and two of theft by deception. (Sat, 05 Jul 2008 05:10:15 GMT)
How to Save Money on Auto Insurance
(ARA) - Shopping online is an incredibly efficient way to explore different auto insurance options. Instead of sitting on the phone with agents or filling out forms on various Web sites, you provide information just once and get a variety of quotes instantly, saving you time and money. (Sat, 05 Jul 2008 10:12:08 GMT)
When it's Smart to Comparison Shop for Auto Insurance
(ARA) - Does it seem like your auto insurance rates go up every time you sneeze, refill the gas tank or - the ultimate factor - add another driver to your policy? You're not imagining it; numerous factors influence the cost of your auto policy and many of them are simply beyond your control. (Sat, 05 Jul 2008 10:38:17 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. (Sat, 05 Jul 2008 11:08:15 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. (Sat, 05 Jul 2008 11:53:12 GMT)
Get Peace of Mind, Get Life Insurance
(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. (Sat, 05 Jul 2008 12:08:12 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, 05 Jul 2008 12:53:23 GMT)
Top Tips to Save on Car Insurance
(ARA) -You need a vehicle to get to work, run errands, go on vacations and to haul people and things. With all the expenses related to your car--from repairs to gas--how do you save money? The answer is to save on your car insurance. (Sat, 05 Jul 2008 14:08:22 GMT)
If FEMA changes flood maps, some Treasure Coast homeowners might have to buy flood insurance
A national project to redraw local flood maps could force some people to buy costly insurance policies and allow others to opt out of them. (Sun, 06 Jul 2008 04:18:37 GMT)
UK insurance major scaling down India office
Lloyd's of London, the world's largest reinsurance market, has decided to mothball its Mumbai office because it has so far been unable to secure a licence to write insurance business locally and believes that it has little prospect of doing so in the near future. (Sun, 06 Jul 2008 06:46:30 GMT)
Adjusting policy can reduce cost of homeowners insurance
Six easy steps to save and be safe Cash-strapped consumers coping with rising prices for food, gas and electricity may want to explore ways to save on homeowner insurance. (Sun, 06 Jul 2008 07:11:39 GMT)
Amwal signs agreement with Doha Insurance for mutual co-operation
Amwal, the leading investment banking and asset management firm in Qatar, has signed an agreement for mutual cooperation with Doha Insurance, one of the leading insurance companies in Qatar. (Sun, 06 Jul 2008 07:25:52 GMT)
Chiropractor pleads no contest to insurance fraud charges
A Boiling Springs chiropractor has entered no-contest pleas to one count of falsifying insurance claims and two of theft by deception. (Sun, 06 Jul 2008 10:09:35 GMT)
When it's Smart to Comparison Shop for Auto Insurance
(ARA) - Does it seem like your auto insurance rates go up every time you sneeze, refill the gas tank or - the ultimate factor - add another driver to your policy? You're not imagining it; numerous factors influence the cost of your auto policy and many of them are simply beyond your control. (Sun, 06 Jul 2008 10:25:08 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, 06 Jul 2008 10:27:05 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. (Sun, 06 Jul 2008 11:08:45 GMT)
Premiums cost less, so schools buy more insurance
After getting through hurricane season on positive attitude and prayers the past couple of years, the Seminole County School Board is increasing insurance coverage on its $1.5 billion worth of buildings. It had been sharing $100 million in coverage with four other districts, but starting Tuesday it will have $200 million on its own. With no big storms striking since 2005, premiums are more ... (Sun, 06 Jul 2008 12:35:55 GMT)
Top Tips to Save on Car Insurance
(ARA) -You need a vehicle to get to work, run errands, go on vacations and to haul people and things. With all the expenses related to your car--from repairs to gas--how do you save money? The answer is to save on your car insurance. (Sun, 06 Jul 2008 13:21:59 GMT)
Insurance Australia to Cut 500 Jobs, Sydney Morning Herald Says
July 7 (Bloomberg) -- Insurance Australia Group Ltd. may fire 500 workers as part of a review of its business this week, the Sydney Morning Herald reported, without saying where it got the information. (Sun, 06 Jul 2008 22:33:26 GMT)
India Infoline Gets In-Principle Approval From IRDA For Insurance Broking
(RTTNews) - Monday, India Infoline Group said that it got in-principle approval for insurance broking license from Insurance Regulatory and Development Authority. (Mon, 07 Jul 2008 11:01:19 GMT)
Cost, doubts keep Iowans away from flood insurance
Just 1 percent of Iowa households were covered by flood insurance in June, despite all the damage sustained in the 1993 flooding and a major federal marketing push. (Mon, 07 Jul 2008 12:11:11 GMT)
Pennsylvania Senate Finally Approves Ario as Insurance Commissioner
The Pennsylvania Senate in a July 3 roll call vote unanimously approved Joel S. Ario to become the state's insurance commissioner, a year after Gov. Ed Rendell first nominated the former chief insuran (Mon, 07 Jul 2008 12:36:48 GMT)
Ups and downs of insurance gifts
John Keith, assistant vice president of gift planning at the Indiana University Foundation, highlights the pros and cons of using life insurance as a planned-giving tool. (Mon, 07 Jul 2008 13:08:56 GMT)
Nigeria: Niger Insurance Expands Branch Network
In line with its post consolidation vision, Niger Insurance Plc has set up an additional five new branch offices to boost the existing ones across the country. (Mon, 07 Jul 2008 13:16:02 GMT)
Nation's Insurance Commissioners Search for New CEO; Weatherford Exits
Catherine J. Weatherford, executive vice president and CEO of the National Association of Insurance Commissioners (NAIC) for the past 12 years, confirmed reports that she will be leaving the associati (Mon, 07 Jul 2008 13:36:49 GMT)
Farmers Insurance Claims Teams Helping Customers in or Near the Goleta, California Wildfires
Farmers Insurance Group of Companies(R) asks its customers suffering damage or ordered to evacuate because of the widespread wildfires, to immediately contact Farmers' 24 hour claims hotline at: (Mon, 07 Jul 2008 13:49:04 GMT)
Insurance and Transport
Australia: Indemnity And Insurance Clauses Come Up Short – Could It Happen To You? (Mon, 07 Jul 2008 14:24:25 GMT)
Tanzania: Street Children Get 'Health Insurance'
Children who prowl Arusha streets now have health insurance or something similar to that. (Mon, 07 Jul 2008 14:30:53 GMT)
Insurance firm in crosshairs / Anthem Blue Cross may be hit with stiffer fines
California health insurance regulators are scrutinizing 1,770 patient policies canceled by Anthem Blue Cross to see if they can impose a penalty stiffer than a $1 million fine they announced but never enforced last year. Each case of a canceled policy carries... (Tue, 08 Jul 2008 07:37:24 GMT)
Pennsylvania Bans Lenders from Requiring Excess Home Insurance
Pennsylvania homeowners may be entitled to a reduction in their homeowners' insurance premiums, thanks to The Mortgage Property Insurance Coverage Act that Gov. Rendell signed into law on July 4. T (Tue, 08 Jul 2008 12:36:49 GMT)
Harleysville Insurance Names Benjamin Southeast Regional President
Harleysville Insurance has appointed Gilbert M. Benjamin as regional president of its Southeast operation. In this position, he is responsible for the underwriting, agency management and support funct (Tue, 08 Jul 2008 12:52:07 GMT)
''Green'' Homeowners Insurance Launches Nationwide by Fireman's Fund Insurance Company
Fireman's Fund Insurance Company - the nation's first provider of green insurance for commercial buildings - will launch green insurance for homeowners starting this summer. (Tue, 08 Jul 2008 13:02:32 GMT)
CRA International Expands Insurance Economics Practice
CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing management, economics, and financial consulting services, today announced the expansion of its Insurance Economics Practice. Mark Meyer has joined the practice as a vice president and co-practice leader. (Tue, 08 Jul 2008 13:03:32 GMT)
Interview: N.Y.'s Dinallo Sees Insurance Exchange Open by 2009
New York Insurance Superintendent Eric Dinallo said Monday a revival of the defunct New York Insurance Exchange could happen as early as next year. Dinallo, in a telephone interview from New York, (Tue, 08 Jul 2008 13:07:01 GMT)
Progressive Launches Behavior-Based Auto Insurance in Alabama
Progressive is introducing an optional car insurance program in Alabama that offers lower rates on vehicles that are driven in less risky ways. The behavior-based insurance program, called MyRate, (Tue, 08 Jul 2008 13:21:59 GMT)
A.M. Best to Host July 31 Webinar to Review Current Market for Captive Insurance Organizations
A.M. Best Co. analysts will lead an online discussion updating the state of the captive insurance industry and elaborating on highlights of a new A.M. Best special report on that industry on Thursday, July 31 at 10 a.m. EDT. John Andre and Steven Chirico of A.M. Best's property/casualty rating division will lead the panel. Registration for the webinar is free, and participants will be able to ... (Tue, 08 Jul 2008 14:19:42 GMT)
FSA publishes concerns over Homecare Insurance contract terms
The Financial Services Authority has published criticisms on terms contained in Homecare Insurance mobile phone contracts. (Tue, 08 Jul 2008 14:35:25 GMT)
Calif. doctor gets 10 years in insurance fraud
A Southern California doctor was sentenced to 10 years in federal prison for billing health insurance companies more than $9 million in unnecessary surgical procedures, prosecutors said. (Tue, 08 Jul 2008 14:56:59 GMT)
Insurance Australia to Report Loss, Retreat From U.K. Market
July 9 (Bloomberg) -- Insurance Australia Group Ltd. , the nation's largest auto and home insurer, said it will report a loss and cut dividend payments as it retreats from the U.K. market. (Tue, 08 Jul 2008 23:33:49 GMT)
Insurance Australia to Report Loss, Retreat From U.K. (Update1)
July 9 (Bloomberg) -- Insurance Australia Group Ltd. , the insurer that rejected a takeover offer from QBE Insurance Group Ltd. in May, will report a loss and cut dividend payments as it retreats from the U.K. market. (Wed, 09 Jul 2008 00:10:01 GMT)
Insurance Australia to Report Loss, Retreat From U.K. (Update2)
July 9 (Bloomberg) -- Insurance Australia Group Ltd. , the insurer that rejected a takeover offer from QBE Insurance Group Ltd. in May, said it will report its first loss in six years and retreat from the U.K. market. (Wed, 09 Jul 2008 02:04:09 GMT)
Insurance Australia to Post Loss, Sell U.K. Units (Update2)
July 9 (Bloomberg) -- Insurance Australia Group Ltd. said it will report its first loss in six years and sell businesses in the U.K., less than two months after rejecting a takeover offer from QBE Insurance Group Ltd. (Wed, 09 Jul 2008 07:09:57 GMT)
Texas Senate Democrats push for insurance reforms at next legislative session
AUSTIN – Senate Democrats on Tuesday announced support for key insurance reforms in next year's legislative session, saying lawmakers cannot stand by while insurers rack up big profits and Texas homeowners continue to pay the highest premiums in the nation. (Wed, 09 Jul 2008 07:45:25 GMT)
Coalition: Health insurance companies go too far
Nearly every week after her mother was killed and her father was gravely injured in a car crash, Stephanie Beck Borden battled her parents' insurance company. (Wed, 09 Jul 2008 08:03:58 GMT)
N.J. expands health-insurance plan
TRENTON - New Jersey expanded a government health-insurance program yesterday to cover more low-income families and all children in the state. (Wed, 09 Jul 2008 08:41:04 GMT)
INSURANCE AGENT HIT IN THE LEG IN A HAIL OF GUNSHOTS
PENANG, July 9 (Bernama) -- An insurance agent was shot in the leg at close range by a man who fired several shots at him in front of a school in Jalan Datuk Keramat here last night. (Wed, 09 Jul 2008 10:08:57 GMT)
Health Care for America Now ads promote universal health insurance
Health Care for America Now ads urge universal, affordable coverage In three South Florida cities and nationally, a coalition of unions and social interest groups kicked off a $40 million campaign Tuesday to push for universal and affordable health insurance. (Wed, 09 Jul 2008 12:00:20 GMT)
Bermudian selects insurance plan
Bermudian Springs officials have selected Christian-Baker Company of Camp Hill, as underwritten by the ACE American Insurance Company of Philadelphia, to be the official school insurance program for the 2008-'09 school year. (Wed, 09 Jul 2008 13:25:41 GMT)
N.J. expands health-insurance plan
TRENTON - New Jersey expanded a government health-insurance program yesterday to cover more low-income families and all children in the state. (Thu, 10 Jul 2008 05:29:07 GMT)
AEGON Finalizes Acquisition of Turkish Life Insurance and Pension Company
AEGON Finalizes Acquisition of Turkish Life Insurance and Pension Company (Thu, 10 Jul 2008 06:57:10 GMT)
Think ‘convenience’ with travel insurance
Why take travel insurance if your life insurance policy already provides coverage in case of death? That’s a valid question. However, there are other benefits you might miss if you decide not to get one. Here are a few things to consider. (Thu, 10 Jul 2008 10:19:43 GMT)
Essential Report on the Chinese Insurance Market Available Now
Research and Markets (http://www.researchandmarkets.co has announced the addition of the "China Insurance Market Report, 2008-2009" report to their offering. (Thu, 10 Jul 2008 11:18:42 GMT)
Max New York Life Enters Pact With IOC To Promote Insurance Products
(RTTNews) - Max New York Life Insurance entered into a pact with Indian Oil Corporation Ltd., or IOC, to promote insurance products through the latter's rural outlets, the media reported. (Thu, 10 Jul 2008 11:45:39 GMT)
AIG's mortgage insurance unit's rating cut
Credit ratings agency Moody's Investors Service on Wednesday night cut the financial strength rating of United Guaranty Residential Insurance Co., the mortgage insurance subsidiary of American International Group Inc. (Thu, 10 Jul 2008 12:15:57 GMT)
Max India board meet to consider health insurance JV
MUMBAI, July 10 (Reuters) - Max India Ltd said on Thursday its board would meet on July 11 to consider and approve a joint venture arrangement with U.K.'s BUPA Finance Plc for setting up a health insurance company. (Thu, 10 Jul 2008 14:16:20 GMT)
A.M. Best Assigns Ratings to Oman Insurance Company (PSC)
A.M. Best Co. has assigned a financial strength rating of A (Excellent) and an issuer credit rating of "a" to Oman Insurance Company (PSC) (OIC) (United Arab Emirates). The outlook assigned to both ratings is stable. (Thu, 10 Jul 2008 14:18:52 GMT)
Congress Debates Regulation; Treasury Urges Federal Insurance Option
Congress began debating financial regulatory reform today, with the Bush Administration advocating a dual federal and state regulatory system for insurance companies similar to the banking system as p (Thu, 10 Jul 2008 14:52:08 GMT)
Virginia Insurance Agents Create Employment Services Firm
The Independent Insurance Agents of Virginia (the Big "I") has created an employment services firm - Agent's Choice Staffing Services, Inc. - which is designed to specifically serve the independent in (Thu, 10 Jul 2008 14:52:21 GMT)
Allstate told to cut rates / Insurance commissioner's ruling orders a 28.5 percent decrease for homeowners
Allstate Corp., which had hoped to charge Californians more for its homeowners' policies, instead received a rude surprise Thursday - an order to slash rates by 28.5 percent. Insurance Commissioner Steve Poizner said his order will save homeowners $255... (Fri, 11 Jul 2008 07:48:38 GMT)
Zurich Financial will buy Sabadell's insurance business
Swiss insurer Zurich Financial Services Group on Friday said it had agreed to pay up to 900 million euros for half of the insurance and pension operations of Spanish bank Banco Sabadell SA. (Fri, 11 Jul 2008 09:02:44 GMT)
Insurance Hope For Flood Victims
The insurance industry and the Government have come to a deal to make sure more householders can get protection against flooding. (Fri, 11 Jul 2008 09:15:00 GMT)
Zurich Financial says it will buy Sabadell's insurance business
Swiss insurer Zurich Financial Services Group said on Friday it had agreed to pay up to 900 million euros for half of the insurance and pension operations of Spanish bank Banco Sabadell SA. (Fri, 11 Jul 2008 09:51:48 GMT)
Zurich buys Spanish insurance stake
Swiss insurer Zurich Financial Services AG said Friday it has bought a 50 percent stake in the insurance business of Spain's Banco de Sabadell for at least $1.18 billion. (Fri, 11 Jul 2008 10:31:02 GMT)
RBS Loses Insurance Bidder, May Sell Australia Assets (Update1)
July 11 (Bloomberg) -- Royal Bank of Scotland Group Plc is in talks to sell assets in Australia and New Zealand after losing a bidder yesterday for its U.K. insurance unit. (Fri, 11 Jul 2008 12:33:33 GMT)
Insurance industry could face £28bn pleural plaques bill
Specialist loss adjuster, Garwyn, has responded to the publication on 9 July 2008 of a Government consultation paper on asbestos-related condition pleural plaques by warning of the possible implications to the insurance industry. (Fri, 11 Jul 2008 14:05:19 GMT)
McCain Declines To Answer Question About Insurance Coverage For Birth Control
Republican presidential candidate Sen. John McCain (Ariz.) on Wednesday declined to answer a question about whether insurance companies should be allowed to cover Viagra but not birth control medications, the AP/Google.com reports (Babington, AP/Google.com, 7/9). (Fri, 11 Jul 2008 14:05:39 GMT)
Offset Pump Pain With Cheaper Insurance
You may not have to cancel your road trip after all with these four ways to slash your car insurance premiums by as much as half. (Fri, 11 Jul 2008 14:14:12 GMT)
Zurich Acquiring 50% Stake in Spain's Banco Sabadell's Insurance
Zurich Financial Services Group has agreed to acquire a 50 percent stake in the life insurance, pension and general insurance operations of Banco Sabadell S.A., while establishing a long-term strateg (Fri, 11 Jul 2008 14:36:49 GMT)
RBS Loses Insurance Bidder, May Sell Australia Assets (Update2)
July 11 (Bloomberg) -- Royal Bank of Scotland Group Plc is in talks to sell assets in Australia and New Zealand after losing a bidder yesterday for its U.K. insurance unit. (Fri, 11 Jul 2008 15:59:50 GMT)
Deal announced on flooding insurance
The insurance industry and the government yesterday announced an agreement to ensure householders are able to obtain protection against flooding. Insurers have pledged to continue providing protection to any property deemed to have a risk of less than one in 75 from flooding. (Sat, 12 Jul 2008 08:17:54 GMT)
Paulsboro woman pleads guilty in insurance fraud
A Gloucester County woman pleaded guilty yesterday to swindling her insurance company out of more than $190,000 by submitting false claims for radiation treatment. (Sat, 12 Jul 2008 08:34:14 GMT)
Bike ride insurance unlikely in Dallas County
An ordinance that would require liability insurance for any organized bike ride in Dallas County with more than 20 riders is all but dead. (Sat, 12 Jul 2008 09:14:21 GMT)
Brownell Insurance Company, Inc.
BUSINESS TYPE: Personal and Commercial Insurance (Sat, 12 Jul 2008 10:09:27 GMT)
Man pleads not guilty to insurance fraud, larceny
LOCKPORT -- A man accused of defrauding an insurance company of $54,000 in disability payments pleaded not guilty Friday in State Supreme Court. (Sat, 12 Jul 2008 11:31:26 GMT)
LTO shoots down job loss claim once GSIS takes over CTPL insurance system
The Land Transportation Office (LTO) on Saturday allayed fears that 60,000 insurance agents would lose their jobs once the task of providing compulsory third party liability (CTPL) insurance to vehicles is given to the Government Service Insurance System (GSIS). (Sat, 12 Jul 2008 13:41:07 GMT)
Chinese multinationals ready to buy global brands, tech, oil, auto, banks, insurance
Watch out on exploding China and Asia century! Discover what is really inside Chinese and Asian stock market, multinationals, banking, yuan, insurance, management, and politics. (Sat, 12 Jul 2008 14:18:39 GMT)
China People's Insurance premiums up 68% in first half
The People's Insurance Company of China (PICC) said first-half premium income rose 68 percent year-on-year to 86.4 billion yuan (12.5 billion U.S. dollars). PICC became the second-largest insurer by premium income, second only to th ... (Sun, 13 Jul 2008 02:37:00 GMT)
Renting? Consider renters insurance
With so many college graduates migrating from the dorms, one item they may neglect in their move to the real world is a critical one: renters insurance. Renters insurance is an often-ignored insurance that covers everything from personal property to personal liability. From MSN.com, here are four myths about renters insurance that might convince you to buy a plan: • My landlord’s covered. In ... (Sun, 13 Jul 2008 04:05:39 GMT)
Paulsboro woman pleads guilty in insurance fraud
A Gloucester County woman pleaded guilty yesterday to swindling her insurance company out of more than $190,000 by submitting false claims for radiation treatment. (Sun, 13 Jul 2008 05:29:46 GMT)
Loophole lets employers cancel insurance
Dying of cancer, Thomas Amschwand did everything he was told to make sure his wife would collect on the life insurance policy he had through his employer. (Sun, 13 Jul 2008 06:23:12 GMT)
Hike urged in homeowners insurance surcharge
The rocketing cost of fighting California's wildfires has prompted Democratic lawmakers to double the homeowners insurance surcharge that Gov. Arnold Schwarzenegger proposed earlier this year for disaster preparedness. "It seems to me that if we are going to... (Sun, 13 Jul 2008 07:21:41 GMT)
Shopping for car insurance smart way to save
Who isn't desperately seeking ways to cut gas bills? But you may also be able to save money by reducing your car insurance costs. (Sun, 13 Jul 2008 07:25:44 GMT)
Looking for Free or Low-cost Health Insurance?
(ARA) - It's no secret that accessing health care is a challenge for the 47 million Americans who are uninsured. Lack of health insurance forces many Americans to choose the health care they receive based on what they can afford, not what they actually need. (Sun, 13 Jul 2008 10:54:33 GMT)
EDITORIAL: 'Cover Florida' step in right direction for health insurance : News
Imagine if government passed a law that required every auto insurance policy to cover the costs of changing the oil, getting the brakes replaced and installing new filters and fluids on every vehicle, whether the owner wanted the coverage or not. (Sun, 13 Jul 2008 11:09:41 GMT)
New Insurance Agency opened in North Stonington
A business that offers personal and commercial insurance has opened a satellite office in North Stonington. (Sun, 13 Jul 2008 12:04:07 GMT)
Chinese multinationals ready to buy global brands, tech, oil, auto, banks, insurance
Watch out on exploding China and Asia century! Discover what is really inside Chinese and Asian stock market, multinationals, banking, yuan, insurance, management, and politics. (Sun, 13 Jul 2008 13:48:35 GMT)
Obama proposes credit for providing insurance
SAN DIEGO - Sen. Barack Obama yesterday proposed up to a 50 percent tax credit for small businesses providing health insurance to their employees, a program he hopes has special appeal to Hispanics and other minority groups struggling for a toehold in the U.S. economy. (Mon, 14 Jul 2008 07:35:06 GMT)
Buying private health insurance
Think shopping home and auto policies is fun? Try buying your own health insurance. (Mon, 14 Jul 2008 10:00:00 GMT)
2008 Insurance Guide
Find out how to lower your insurance costs, which claims cause your premium to rise, and who has the most unusual polices. Read on Find out everything you need to know about battling the high costs of employer-sponsored and private health insurance. (Mon, 14 Jul 2008 10:57:14 GMT)
Health insurance
Find out what you need to know about the high costs of employer-sponsored and private health insurance. Think shopping home and auto policies is fun? Try buying your own health insurance. (Mon, 14 Jul 2008 10:57:24 GMT)
Life insurance
Here are the facts about life insurance, and how to know when to cancel your term policy. Some people treat term life insurance like a marriage, holding onto the policy in sickness and in health, till death do us part. (Mon, 14 Jul 2008 10:58:24 GMT)
How secure is Florida's Citizens Property Insurance?
In less than four years, Citizens Property Insurance went from being a temporary fix for Florida's troubled insurance market to the state's largest insurer of homes, condos and apartments. (Mon, 14 Jul 2008 11:20:05 GMT)
Nigeria: Sovereign Insurance Targets Rural Market
Following the vast opportunities in insurance market that exist in the rural areas, currently put at least N70 billion by experts, Sovereign Trust Insurance Plc (STI) has introduced new products that would partake in that market. (Mon, 14 Jul 2008 13:01:45 GMT)
Right insurance policy calms fears over teenage driver
This summer you may have a new driver in the family: your teen. The right insurance plan will help calm your fears. Consider these tips from the Insurance Information Institute: (Mon, 14 Jul 2008 13:27:02 GMT)
Mich. Man in Terror Trial Seeks Closure on Alleged Insurance Fraud Case
A Michigan man whose conviction on terror-related charges was thrown out in 2004 is working on a plea agreement to close a case involving allegations of insurance fraud. The disclosure was made in (Mon, 14 Jul 2008 14:06:58 GMT)
Georgia Insurance Co. Discounts Gas for Publicity
Georgia drivers lined up at a Citgo gas station in Norcross to take advantage of $1.99 gas. It was part of a promotion campaign by Infinity Insurance Co. of Alpharetta on July 10. There was a catc (Mon, 14 Jul 2008 14:52:10 GMT)
Transport groups oppose GSIS takeover on CTPL insurance
MANILA, Philippines - Public transport operators and non-life insurance firms have expressed objection to the scheduled takeover of the Government Service Insurance System (GSIS) on the compulsory third party liability (CTPL) insurance for motor vehicles. (Tue, 15 Jul 2008 08:17:31 GMT)
Auto insurance
Find out what to do if you've been in a car accident, and which cars are most costly to insure. There's nothing sexy about auto insurance. (Tue, 15 Jul 2008 10:43:14 GMT)
Battle of insurance brokers over payments comes to Buffalo
The North American chief executive of the world's third-largest insurance brokerages called on New York State Monday to ban controversial payments to all brokers, while local independent agents defended such pay and rejected the need for more disclosure. (Tue, 15 Jul 2008 10:55:37 GMT)
Insurance giants express support for new vehicle insurance program
MANILA, Philippines - The biggest companies in the Philippines" insurance industry expressed support for the Integrated Insurance Registration System which will be implemented by the Land Transportation Office (LTO) in registering all motor vehicles. (Tue, 15 Jul 2008 11:31:02 GMT)
Vehicle owners to save money on new insurance scheme
MANILA, Philippines - Filipino vehicle owners buying insurance to cover costs arising from accidents will save money under a new program to be implemented by the Land Transportation Office (LTO). (Tue, 15 Jul 2008 11:57:50 GMT)
Employee Benefits Broker Sherrill Mauzy Joins Alliant Insurance Services as Senior Vice President in Kearny Mesa Office
Alliant Insurance Services, the nation's largest specialty insurance brokerage firm, has announced that employee benefits broker Sherrill Mauzy has joined the company as Senior Vice President, based in its Kearny Mesa, Calif., office. Mauzy specializes in the placement of employee benefits programs, with emphasis on the Native American gaming industry and related enterprises. (Tue, 15 Jul 2008 13:32:32 GMT)
Lexington Insurance Company Introduces Truck Broker Liability Insurance
Lexington Insurance Company, a unit of AIG Commercial Insurance, today announced Lexington Truck Broker Liability Insurance, a primary liability insurance policy that addresses liability risks of truck brokers, who bring together shippers needing to transport goods and authorized motor carriers. (Tue, 15 Jul 2008 13:49:52 GMT)
Five Ways to Cut Auto Insurance Costs this Summer
(ARA) - With gas prices expected to remain high this summer, it makes sense to save as much as possible on other vehicle-related expenses, such as insurance. (Tue, 15 Jul 2008 14:08:13 GMT)
Ratings Recap: White Mountain Insurance Gets an 'A'
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of "a-"to White Mountain Insurance Co. of Burlington, Vermont. The outlook assigned to both ratings (Tue, 15 Jul 2008 14:22:08 GMT)
Fiserv completes sale of stake in insurance unit
Fiserv Inc., an information technology provider for the financial services and insurance industries, said Tuesday it completed the sale of a majority stake in its insurance business to a private equity fund managed by Stone Point Capital LLC. (Tue, 15 Jul 2008 14:34:59 GMT)
Seniors get life in L.A. insurance murders scheme
Two elderly women have been sentenced to life in prison for murdering two indigent men to collect insurance policies taken out on their lives. (Tue, 15 Jul 2008 19:39:09 GMT)
Elderly women get life in L.A. insurance killings
Two elderly women were sentenced to life in prison without parole Tuesday for murdering two indigent men to collect insurance policies taken out on their lives. (Tue, 15 Jul 2008 21:50:29 GMT)
California: 2 Women Sentenced for Killing for Insurance Money
Two women were sentenced to life in prison without parole for murdering two indigent men to collect insurance policies taken out on their lives. (Wed, 16 Jul 2008 04:43:59 GMT)
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