Insurance News 07/2008 (Page 2)
UK insurance major scaling down India office (Deccan Herald)
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.
(Jul 6, 2008)
Adjusting policy can reduce cost of homeowners insurance (Sun-Sentinel)
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.
(Jul 6, 2008)
Amwal signs agreement with Doha Insurance for mutual co-operation (AME Info)
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.
(Jul 6, 2008)
Chiropractor pleads no contest to insurance fraud charges (The Sentinel)
A Boiling Springs chiropractor has entered no-contest pleas to one count of falsifying insurance claims and two of theft by deception.
(Jul 6, 2008)
When it's Smart to Comparison Shop for Auto Insurance (Carteret County News-Times)
(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.
(Jul 6, 2008)
Want to Save 35 Percent on Insurance? (Carteret County News-Times)
(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.
(Jul 6, 2008)
Are You Over Paying for Auto Insurance? (Richfield Reaper)
(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.
(Jul 6, 2008)
Premiums cost less, so schools buy more insurance (Orlando Sentinel)
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 ...
(Jul 6, 2008)
Top Tips to Save on Car Insurance (Today's News-Herald)
(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.
(Jul 6, 2008)
Insurance Australia to Cut 500 Jobs, Sydney Morning Herald Says (Bloomberg.com)
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.
(Jul 7, 2008)
India Infoline Gets In-Principle Approval From IRDA For Insurance Broking (Nasdaq)
(RTTNews) - Monday, India Infoline Group said that it got in-principle approval for insurance broking license from Insurance Regulatory and Development Authority.
(Jul 7, 2008)
Cost, doubts keep Iowans away from flood insurance (The Des Moines Register)
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.
(Jul 7, 2008)
Pennsylvania Senate Finally Approves Ario as Insurance Commissioner (Insurance Journal)
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
(Jul 7, 2008)
Ups and downs of insurance gifts (Philanthropy Journal)
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.
(Jul 7, 2008)
Nigeria: Niger Insurance Expands Branch Network (AllAfrica.com)
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.
(Jul 7, 2008)
Nation's Insurance Commissioners Search for New CEO; Weatherford Exits (Insurance Journal)
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
(Jul 7, 2008)
Farmers Insurance Claims Teams Helping Customers in or Near the Goleta, California Wildfires (Centre Daily Times)
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:
(Jul 7, 2008)
Insurance and Transport (Mondaq)
Australia: Indemnity And Insurance Clauses Come Up Short – Could It Happen To You?
(Jul 7, 2008)
Tanzania: Street Children Get 'Health Insurance' (AllAfrica.com)
Children who prowl Arusha streets now have health insurance or something similar to that.
(Jul 7, 2008)
Insurance firm in crosshairs / Anthem Blue Cross may be hit with stiffer fines (San Francisco Chronicle)
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...
(Jul 8, 2008)
Pennsylvania Bans Lenders from Requiring Excess Home Insurance (Insurance Journal)
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
(Jul 8, 2008)
Harleysville Insurance Names Benjamin Southeast Regional President (Insurance Journal)
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
(Jul 8, 2008)
''Green'' Homeowners Insurance Launches Nationwide by Fireman's Fund Insurance Company (Centre Daily Times)
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.
(Jul 8, 2008)
CRA International Expands Insurance Economics Practice (Centre Daily Times)
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.
(Jul 8, 2008)
Interview: N.Y.'s Dinallo Sees Insurance Exchange Open by 2009 (Insurance Journal)
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,
(Jul 8, 2008)
Progressive Launches Behavior-Based Auto Insurance in Alabama (Insurance Journal)
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,
(Jul 8, 2008)
A.M. Best to Host July 31 Webinar to Review Current Market for Captive Insurance Organizations (Centre Daily Times)
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 ...
(Jul 8, 2008)
FSA publishes concerns over Homecare Insurance contract terms (Insurance Window)
The Financial Services Authority has published criticisms on terms contained in Homecare Insurance mobile phone contracts.
(Jul 8, 2008)
Calif. doctor gets 10 years in insurance fraud (AP via Yahoo! Finance)
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.
(Jul 8, 2008)
Insurance Australia to Report Loss, Retreat From U.K. Market (Bloomberg.com)
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.
(Jul 9, 2008)
Insurance Australia to Report Loss, Retreat From U.K. (Update1) (Bloomberg.com)
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.
(Jul 9, 2008)
Insurance Australia to Report Loss, Retreat From U.K. (Update2) (Bloomberg.com)
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.
(Jul 9, 2008)
Insurance Australia to Post Loss, Sell U.K. Units (Update2) (Bloomberg.com)
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.
(Jul 9, 2008)
Texas Senate Democrats push for insurance reforms at next legislative session (Dallas Morning News)
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.
(Jul 9, 2008)
Coalition: Health insurance companies go too far (The Columbus Dispatch)
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.
(Jul 9, 2008)
N.J. expands health-insurance plan (The Philadelphia Inquirer)
TRENTON - New Jersey expanded a government health-insurance program yesterday to cover more low-income families and all children in the state.
(Jul 9, 2008)
INSURANCE AGENT HIT IN THE LEG IN A HAIL OF GUNSHOTS (Bernama via Yahoo! Malaysia News)
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.
(Jul 9, 2008)
Health Care for America Now ads promote universal health insurance (Sun-Sentinel)
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.
(Jul 9, 2008)
Bermudian selects insurance plan (The Evening Sun)
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.
(Jul 9, 2008)
N.J. expands health-insurance plan (The Philadelphia Inquirer)
TRENTON - New Jersey expanded a government health-insurance program yesterday to cover more low-income families and all children in the state.
(Jul 10, 2008)
AEGON Finalizes Acquisition of Turkish Life Insurance and Pension Company (Fox News)
AEGON Finalizes Acquisition of Turkish Life Insurance and Pension Company
(Jul 10, 2008)
Think ‘convenience’ with travel insurance (Philippine Daily Inquirer)
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.
(Jul 10, 2008)
Essential Report on the Chinese Insurance Market Available Now (Centre Daily Times)
Research and Markets (http://www.researchandmarkets.co has announced the addition of the "China Insurance Market Report, 2008-2009" report to their offering.
(Jul 10, 2008)
Max New York Life Enters Pact With IOC To Promote Insurance Products (Nasdaq)
(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.
(Jul 10, 2008)
AIG's mortgage insurance unit's rating cut (AP via Yahoo! Finance)
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.
(Jul 10, 2008)
Max India board meet to consider health insurance JV (Reuters via Yahoo! Malaysia News)
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.
(Jul 10, 2008)
A.M. Best Assigns Ratings to Oman Insurance Company (PSC) (Centre Daily Times)
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.
(Jul 10, 2008)
Congress Debates Regulation; Treasury Urges Federal Insurance Option (Insurance Journal)
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
(Jul 10, 2008)
Virginia Insurance Agents Create Employment Services Firm (Insurance Journal)
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
(Jul 10, 2008)
Allstate told to cut rates / Insurance commissioner's ruling orders a 28.5 percent decrease for homeowners (San Francisco Chronicle)
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...
(Jul 11, 2008)
|
