Insurance News Nov 2008
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ask kim kimberly lankford Get the Best Deal On Health Insurance Employees who get coverage work should compare plans ...
Q It's open-enrollment season for my employer's health-insurance plans. What should I look for in a policy? (Sun, 16 Nov 2008 07:52:16 GMT)
Insurance rates for doctors shrinking
ProMutual Group, a Boston-based malpractice insurer that has been doing business in the commonwealth since last year, recently announced it will cut its medical malpractice insurance rates. (Sun, 16 Nov 2008 09:28:41 GMT)
Insurance and Transport
The NSW Supreme Court upheld an insurer's denial of an insurance broker's claim for indemnity for defence costs giving a relatively expansive construction to the relevant policy exclusion clause. (Sun, 16 Nov 2008 11:30:35 GMT)
N.Y. Probes Student Insurance
Georgetown University has received a subpoena from New York Attorney General Andrew M. Cuomo as part of a broader investigation into how colleges interact with health insurance providers. (Tue, 18 Nov 2008 05:26:52 GMT)
Regulators OK 12.3% windstorm insurance rate hike
State regulators Monday approved a 12.3 percent rate increase for the Texas Windstorm Insurance Association. (Tue, 18 Nov 2008 06:50:20 GMT)
2nd Circuit Says Reports Fail to Warn of Insurance Kickback Scheme
The 2nd U.S. Circuit Court of Appeals has issued its latest statement on when news reports of corporate fraud trigger an investor's duty to inquire further before buying stock. The circuit decided that general news reports about kickbacks between insurance companies and brokers were not enough to constitute "storm warnings" for purchasers of stock in The Hartford Financial Services Group. (Tue, 18 Nov 2008 08:03:09 GMT)
Wildfires highlight lack of mobile home insurance
As fire tore through Oakridge Mobile Home Park in Sylmar on Friday, some of its residents likely knew they would bear the entire burden of rebuilding. About 500 mobile homes were destroyed in the fire. While it's unclear how many were uninsured, about one-fourth of mobile homes statewide – 82,000 – don't carry insurance, according to a Bee analysis of 2007 census data. Another 200,000 houses ... (Tue, 18 Nov 2008 08:06:04 GMT)
Insurance fraud lands ex-agent in prison
Darius Wright was able to support his family selling insurance through his smooth talking. But he wasn't smooth enough to avoid a prison sentence Monday after he forged other agents' names on policies and scammed insurance companies, costing them $25,000. (Tue, 18 Nov 2008 10:31:52 GMT)
Ga. officials name 19 in alleged insurance fraud
Georgia's insurance commissioner says a Japanese company was defrauded out of almost $1 million through phony claims. (Tue, 18 Nov 2008 12:36:13 GMT)
State approves steep increases in windstorm insurance rates
In a bid to shore up an agency that saw its funding depleted by Hurricane Ike, Insurance Commissioner Mike Geeslin on Monday approved steep increases in windstorm insurance rates for residential and business properties. (Tue, 18 Nov 2008 13:32:51 GMT)
West Virginia Woman Sentenced to Jail for Insurance Fraud Over Jewelry
A West Virginian woman has been sentenced to up to 10 years for submitting false insurance claims for jewelry. According to state officials, Sherry Kay Peyton, of Williamstown, who plead guilty in (Tue, 18 Nov 2008 14:22:56 GMT)
North Carolinians to Review Watauga County Flood Insurance Maps
On Monday, Nov. 24, the residents and business community of Watauga County will be able to review and ask questions about preliminary copies of newly updated flood insurance rate maps for the county w (Tue, 18 Nov 2008 14:37:56 GMT)
Health Insurance Premiums Rise Up To 33 Percent With State Pricing Rule, USA
New research shows that the cost of health insurance for a typical family increases about $100 per month when state governments limit price adjustments based on factors like age, health or risky behaviors such as smoking. (Tue, 18 Nov 2008 15:10:59 GMT)
U.S. insurance regulation in focus amid meltdown
NEW YORK (Reuters) - The United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to financial and insurance executives, pushed to the forefront by the global economic crisis. (Tue, 18 Nov 2008 23:25:39 GMT)
Editorial: Insurance move is a good deal for city, employees
It could save Gloucester government as much as $1 million a year. It could save city employees as much as $100 a month in health insurance premiums. That is a lot of gain for no apparent pain. So city workers should waste no time endorsing the city's proposed move into the Group Insurance Commission, the agency that manages health insurance plans for the state, unless they can produce ... (Wed, 19 Nov 2008 10:42:41 GMT)
More relief on health insurance for over 50s
But it is also to apply a levy of €160 a year on all health insurance companies for each adult they have on their books and €53 for each child, which may be passed on to customers. (Wed, 19 Nov 2008 11:39:58 GMT)
Baldwin Co. backs captive insurance
Baldwin County commissioners have voted to endorse the concept of "captive insurance" in the hopes of helping the struggling construction industry on Alabama's Gulf Coast. (Wed, 19 Nov 2008 11:40:32 GMT)
Is Your Insurance Policy in Danger?
Insurance companies line up for bailout funds, but do they really need it? (Wed, 19 Nov 2008 11:40:54 GMT)
Ohio car insurance rates decline for second year
Ohio auto insurance rates have declined for the second consecutive year, according to the 2005-06 Auto Insurance Database Report released today by the National Association of Insurance Commissioners. (Wed, 19 Nov 2008 13:34:26 GMT)
Insurance rates worry justices
HARRISBURG — It was a sobering meeting Tuesday as an official with an insurance company told Poinsett County justices that county employees could face a steep increase in insurance premiums in January. (Wed, 19 Nov 2008 14:55:36 GMT)
Lloyd's Expects U.S. To Adopt Federal Regulation of Insurance
Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. F (Wed, 19 Nov 2008 15:08:06 GMT)
Insurance and Transport
When a disaster strikes, the insurance industry is expected to respond quickly and decisively. Unfortunately, the factual chaos which often results is frequently accompanied by coverage issues. (Wed, 19 Nov 2008 15:16:06 GMT)
Iffco-Tokio launches micro insurance product in Kerala
Iffco-Tokio General Insurance Co, the joint venture promoted by Indian Farmers Fertiliser Co-operative (Iffco) and its associates and Japanese major Tokio Marine and Nichido Fire, has launched its new micro insurance product - Janata Bima Yojana - in Kerala. (Wed, 19 Nov 2008 15:19:39 GMT)
EU agreement to boost supervision of insurance industry
EU nations reached agreement Wednesday, though not unanimously, on boosting supervision of the increasingly multinational insurance sector. (Wed, 19 Nov 2008 21:48:52 GMT)
CNP Is Favorite to Buy Natixis Insurance Unit, La Tribune Says
Nov. 20 (Bloomberg) -- CNP Assurances SA, France's largest life insurer, is the frontrunner to buy the insurance unit being sold by Natixis SA, La Tribune reported, citing unidentified people familiar with the matter. (Thu, 20 Nov 2008 06:32:34 GMT)
EU Governments Scale Back Insurance Overhaul Sought by Industry
Nov. 20 (Bloomberg) -- European Union negotiators tentatively agreed to modify an industry-backed overhaul of insurance rules, dealing a blow to insurers who are seeking more centralized oversight of their risk management policies. (Thu, 20 Nov 2008 12:37:01 GMT)
Commerce seeks to beef up insurance staff
The Department of Commerce is hiring officials to oversee regulation of insurance companies in the Commonwealth. (Thu, 20 Nov 2008 14:02:20 GMT)
Alabama's Baldwin County Backs Captive as Coastal Insurance Option
County commissioners in Alabama's Baldwin County have voted to endorse the concept of "captive insurance'' in the hopes of helping the struggling construction industry on Alabama's Gulf Coast. Foll (Thu, 20 Nov 2008 14:07:56 GMT)
EU Scales Back Insurance Overhaul Sought by Industry (Update1)
Nov. 20 (Bloomberg) -- European Union negotiators scaled back an industry-supported overhaul of insurance rules, dealing a blow to insurers who are seeking more centralized oversight of their risk management policies. (Thu, 20 Nov 2008 14:17:29 GMT)
Integrity Capital Partners sells unwanted life insurance policies
Integrity Capital Partners has facilitated the sale of $130 million in life insurance policies for a public company. (XRIT) (Thu, 20 Nov 2008 14:56:18 GMT)
Texas Higher Education Students Awarded Insurance Scholarships
The Insurance Council of Texas Education Foundation has awarded $28,000 in academic scholarships to 14 students of insurance at four universities in the state. "This is the seventh year that we ha (Thu, 20 Nov 2008 15:38:16 GMT)
Suspect held in insurance scams
PEABODY and mdash; Tyler Parrish had seemingly found a way out from under the staggering payments on his $45,000 2006 Hummer H3 and mdash; simply upgrade his insurance coverage, then report that the massive SUV had been in an accident, according to police. (Thu, 20 Nov 2008 15:43:45 GMT)
Czech insurance companies' surplus reaches 5 billion - minister
He said the five-billion-crown reserve that was created also thanks to the collection of regulatory health fees introduced in January would allow doctors to receive next year more money from health insurance companies for their services. (Thu, 20 Nov 2008 15:59:37 GMT)
Japan Insurance Stocks Slump on Earnings Concern; Banks Climb
Nov. 21 (Bloomberg) -- Japanese insurance companies slumped for a second day after lowering forecasts. Banks rebounded from earlier declines after the Wall Street Journal reported Citigroup Inc. may be sold. (Fri, 21 Nov 2008 05:30:50 GMT)
State Farm, Farmers to raise California homeowner insurance rates
Insurance Commissioner Steve Poizner's decision is denounced by some, but others say recent wildfires make increases reasonable. As if plummeting real estate values weren't enough, insurance rates are heading up for many California homeowners. (Fri, 21 Nov 2008 06:38:32 GMT)
ING To Pay $455 Million Compensation To Insurance Customers
ING To Pay $455 Million Compensation To Insurance Customers (Fri, 21 Nov 2008 07:53:31 GMT)
Zurich Financial Services completes acquisition of Zurich Retail Insurance Ltd - Quick Facts
(RTTNews) - Zurich Financial Services Group (ZFSVY.PK) said Friday that it purchased the remaining 34% minority stake in OOO NASTA Insurance Company or NASTA, which was renamed Zurich Retail Insurance Ltd at the end of 2007. The purchase price amounts to approximately US$205 million. (Fri, 21 Nov 2008 08:13:50 GMT)
ING INSURANCE AIMS TO MAINTAIN STRONG PROFITABILITY FOR THE YEAR
KUALA LUMPUR, Nov 21 (Bernama) -- ING Insurance Bhd aims to maintain strong profitability this year despite generally slower growth in premiums and sales, its president and chief executive officer, Datuk Dr. (Fri, 21 Nov 2008 08:31:42 GMT)
FDIC May Exclude Shortest-Term Loans From Debt Insurance Plan
Nov. 21 (Bloomberg) -- U.S. bank regulators may exclude the shortest-term loans from a $1.4 trillion debt-insurance program, helping the Federal Reserve avoid further unpredictable swings in the country's main interest rate. (Fri, 21 Nov 2008 11:52:54 GMT)
Your Life Insurance Policy May Not Be Protected
With the financial system in crisis, investors increasingly rely on government guarantees to protect their money. Bank accounts are backed by the Federal Deposit Insurance Corp. and its $53 billion war chest. After decades on their own, money market funds now are backed by the U.S. Treasury. And life insurance policies and annuities? They're backed by state guaranty associations. There's only ... (Fri, 21 Nov 2008 13:08:43 GMT)
Pa. senators oppose Blues insurance merger
A Pennsylvania Senate committee on Thursday urged the state insurance commissioner to block a proposed merger of the state's two largest health insurers. (Fri, 21 Nov 2008 13:11:15 GMT)
16 convicted in SC insurance scam
WALTERBORO, S.C. (AP) - Sixteen people have been convicted and 20 cases are pending in a Colleton County insurance scam that authorities say may be the biggest staged accident scheme in South Carolina history. (Fri, 21 Nov 2008 13:35:07 GMT)
16 convicted in SC insurance scam
Sixteen people have been convicted and 20 cases are pending in a Colleton County insurance scam that authorities say may be the biggest staged accident scheme in South Carolina history. The Charleston Post and Courier reported Friday the same people reported injuries for wrecks on the same roads. Officials say people would run an older car into a tree, claiming it was a traffic accident. Then ... (Fri, 21 Nov 2008 13:47:54 GMT)
Gay Couples Have Same Insurance Rights, Dinallo Says (Update2)
Nov. 21 (Bloomberg) -- Gay couples who have legally wed outside New York must be treated the same way by insurers in the state as other married couples, the state's top insurance regulator said. (Fri, 21 Nov 2008 21:16:58 GMT)
FDIC sets up temporary insurance for U.S. bank debt
WASHINGTON | The Federal Deposit Insurance Corp. will guarantee up to $1.4 trillion in U.S. banks’ debt for more than three years as part of the government’s financial rescue plan. (Sat, 22 Nov 2008 04:37:17 GMT)
16 convicted in insurance scam
Sixteen people have been convicted and 20 cases are pending in a Colleton County insurance scam authorities said might be the biggest staged accident scheme in S.C. history. According to reports, the same people reported injuries for wrecks on the same roads. Officials said people would run an older car into a tree, claiming it was a traffic accident and then file injury claims for others they ... (Sat, 22 Nov 2008 05:11:01 GMT)
Insurance fund may spawn rebates
BATON ROUGE -- Louisiana residents could get a $50 credit or rebate on their homeowners insurance policies next year if the state does not exhaust a $100 million fund established to entice more insurance companies to the state, according to Insurance Commissioner Jim Donelon. (Sat, 22 Nov 2008 06:26:37 GMT)
Swampscott debates joining Group Insurance Commission
SWAMPSCOTT - The selectmen have scheduled an executive session for early Monday morning to discuss joining the Group Insurance Commission. (Sat, 22 Nov 2008 08:35:05 GMT)
Long-term care insurance seminar set or Dec. 3
The Cayuga County Office for the Aging is hosting a free long-term care insurance information seminar Dec. 3. The non-sale, educational program is for people 45 and older who are considering buying long-term care insurance. (Sat, 22 Nov 2008 10:28:12 GMT)
Keiki Care health insurance to end
The Keiki Care Plan, a state program once hailed as a step toward providing health insurance for all residents, is falling victim to a poor economy and cost cuts and will lapse at year's end. (Sat, 22 Nov 2008 11:07:42 GMT)
Health insurance premiums rising more slowly
Thousands of Sonoma County workers are facing decisions about their health insurance, with many employer-sponsored insurance plans entering their annual open enrollment period. (Sat, 22 Nov 2008 14:34:06 GMT)
Insurance chief says legally married same-sex couples get coverage
ALBANY, N.Y. (AP) -- State Insurance Superintendent Eric Dinallo tells insurance companies that they must treat same-sex couples that were legally married outside the state the same as any other validly married couples. (Sat, 22 Nov 2008 14:59:27 GMT)
Unemployment insurance taxes offered at reduced fee
RALEIGH - Some North Carolina businesses could be able to save money on next year's unemployment insurance taxes if they send in some extra cash to the Employment Security Commission before Dec. 17. (Sun, 23 Nov 2008 05:09:30 GMT)
In a down economy -- wine is a little insurance
ROCHESTER — For 12 years, Loren Shanle worked as an independent insurance agent out of a small office on Walnut Street in Rochester, just south of Rochester Station. By spring, Shanle hopes to have the roughly 1,000-square-foot space converted into a winery that doubles as an infrared sauna retailer. He plans to make the wine on-site, using juices and concentrates from vineyards across ... (Sun, 23 Nov 2008 05:36:33 GMT)
Insurance motive cited in fire that killed 2 kids
GAINESVILLE, Ga. — An Army wife accused of setting her apartment on fire botched an attempt to collect on her husband's $400,000 insurance policy when he survived and her two children died instead, a federal prosecutor said. (Sun, 23 Nov 2008 07:18:04 GMT)
County employees present contract proposal to county: Union asking for increase in pay,no increase in insurance premiums
MUSCATINE, Iowa — Muscatine County’s sheriff deputies, corrections officers and secondary roads workers want a new contract with higher wages and no increases in insurance costs. (Sun, 23 Nov 2008 07:41:31 GMT)
Insurance Goliath needs David to ensure future
It appears there is no bank too small when it comes to giant insurance companies wanting to get dibs on some of the U.S. Treasury's $700 billion in bailout funds. (Sun, 23 Nov 2008 07:51:14 GMT)
Swampscott debates joining Group Insurance Commission
SWAMPSCOTT - The selectmen have scheduled an executive session for early Monday morning to discuss joining the Group Insurance Commission. (Sun, 23 Nov 2008 08:20:45 GMT)
Flood insurance deadline looming
Some Sutter County residents could be hit with a bill for flood insurance next month that could top $2,000 a year. (Sun, 23 Nov 2008 09:49:45 GMT)
Senate could act on 'Strezo' insurance bill
State legislation inspired by a Frankfort man's fight for insurance coverage of chemotherapy drugs still has a chance to become reality this year. (Sun, 23 Nov 2008 10:19:32 GMT)
Check insurance before renting car
Unsure about the level of insurance coverage you need when renting a car? Consider these tips from the National Association of Insurance Commissioners: (Sun, 23 Nov 2008 11:03:10 GMT)
Teen substance abuse, lack of insurance increase the cost to society
Teen pregnancy isn't the only issue affecting the health of youth in the Mid-Willamette Valley. A lack of adequate health insurance and growing substance abuse also threaten the well-being of young people. (Sun, 23 Nov 2008 11:15:57 GMT)
SBI and IAG join for General Insurance Business
(RTTNews) - The State Bank Of India (SBI) and Insurance Australia Group (IAG) on Monday said they had signed a joint venture agreement to establish a general insurance company in India, which is expected to commence trading in 2009. (Mon, 24 Nov 2008 08:28:59 GMT)
No fault -- but no insurance
Sam was a 74-year-old with a clean driving record -- except for a 2-year-old speeding ticket for going 54 in a 20-mph zone. His car insurance company of 30 years warned him it might terminate him the next time he got a ticket. (Mon, 24 Nov 2008 09:16:30 GMT)
Management Resource Group audits insurance ratings
When Henry Anaya Jr. was looking to cut costs at K.O. Construction Inc., he didn’t know at first that there was anything he could do about his workers’ compensation insurance. (Mon, 24 Nov 2008 09:38:29 GMT)
Storm insurance claims surge to $256m
Queenslanders have lodged insurance claims worth more than a quarter of a billion dollars after a week of fierce storms battered the state. (Mon, 24 Nov 2008 10:20:22 GMT)
State Insurance Dept. to check 'stress tests'
State insurance regulators said last week that they will start reviewing how insurers “stress test” their businesses to ensure they are properly evaluating how changing economic conditions could affect their stability. (Mon, 24 Nov 2008 11:43:14 GMT)
IBAO warns about ongoing insurance scam
The Insurance Brokers Association of Ontario (IBAO) is warning insurance customers to watch for fraudulent calls claiming to be from their insurance provider. (Mon, 24 Nov 2008 13:21:20 GMT)
Insurance company keeps optimism for ’09
DESPITE a possible slowdown in the insurance industry in the country as a result of the global financial crisis that is dampening investor confidence, the Philippine AXA Life Insurance Corp. (AXA Philippines) remains upbeat about 2009. (Mon, 24 Nov 2008 13:43:00 GMT)
Selma Painter Accused of Insurance Fraud
Investigators say Philip Daniel Joyner used a false certificate of insurance to obtain a painting contract, The Selma News reports. (Mon, 24 Nov 2008 14:19:18 GMT)
Has the FDIC Bumped Up its Deposit Insurance Again?
At 6am this morning, I got a peculiar email from Citibank -- not as a journalist, but just as one of their depositors. The subject line was startling: Unlimited FDIC Insurance Coverage on your Citibank Checking Account The email continued: ... (Mon, 24 Nov 2008 14:41:00 GMT)
The Property of Power Generation: Determining the Right Limit of Insurance
A lead energy broker has noticed an issue with his clients regarding property insurance limits. Here's his solution. (Mon, 24 Nov 2008 15:58:07 GMT)
French Fin Min :Free Choice Of Mtge Creditor Insurance By '10
PARIS -(Dow Jones)- Consumers wanting to take out a mortgage will be able to freely choose creditor insurance for their real estate loan as of 2010, French Finance Minister Christine Lagarde announced Tuesday. (Tue, 25 Nov 2008 12:11:39 GMT)
Ford, with help from Volvo subsidiary, leads list of insurance industry's safest vehicles
WASHINGTON - The insurance industry named dozens of new cars and trucks, led by Ford Motor Co. and its Volvo subsidiary, to its annual list of the safest vehicles Tuesday, helped by the increased use of anti-rollover technology. (Tue, 25 Nov 2008 13:00:29 GMT)
Ford Leads Insurance's List Of Safest Cars
Ford Motor Co., with help from its Volvo subsidiary, leads the insurance industry's list of safest vehicles. (Tue, 25 Nov 2008 13:50:09 GMT)
Insurance Company Helps Homeowners Avoid Foreclosure
TAMPA Homeowners facing foreclosure could find help in an unlikely place — the company that insures their mortgage. Buyers who took out conventional loans and had a down payment of less than 20 percent typically were required by lenders to carry PMI insurance. (Tue, 25 Nov 2008 14:01:19 GMT)
Ford leads list of insurance industry's safest vehicles
WASHINGTON (AP) - Dozens of new cars and trucks, led by Ford Motor Co. and its Volvo subsidiary, have made the insurance industry's annual list of safest vehicles. (Tue, 25 Nov 2008 14:03:58 GMT)
Insurance Institute for Highway Safety: Safe Cars 2009
If a new car is on your Christmas list don't pick it out just yet! The Insurance Institute for Highway Safety is out with its list of the safest vehicles of 2009. Steve Oesch, Senior Vice President with the IIHS, joins us. (Tue, 25 Nov 2008 14:07:18 GMT)
4,500 City Residents Enrolled in Health Insurance
More than 4,500 City Residents already enrolled in Health Insurance Expansion. (Tue, 25 Nov 2008 14:27:17 GMT)
Travelers’s Fishman Says Credit Crunch Derails Insurance Deals
Nov. 25 (Bloomberg) -- Travelers Cos. Chief Executive Officer Jay Fishman said companies may be stuck with insurance businesses they can’t sell as the global credit crunch erodes the capital of potential buyers. (Tue, 25 Nov 2008 14:55:56 GMT)
A list of the insurance industry's safest new cars
The Insurance Institute for Highway Safety designated 72 vehicles as winners of their top safety pick award. The award recognizes vehicles that do the best job of protecting motorists in front, side and rear crashes and have anti-rollover technology called Electronic Stability Control, or ESC. (Tue, 25 Nov 2008 15:06:52 GMT)
SBI signs pact with IAG for general insurance venture
In a bid to expand its product portfolio, country’s largest bank State Bank of India (SBI) today signed an agreement with Insurance Australia Group (IAG) to set up a 74:26 joint venture for general insurance business. (Tue, 25 Nov 2008 15:34:58 GMT)
QBE Insurance Buys ZC Sterling to Expand U.S. Home Coverage
Nov. 26 (Bloomberg) -- QBE Insurance Group Ltd., Australia’s biggest property and casualty insurer, agreed to buy ZC Sterling Corp. for $575 million to add sales in the U.S. and will raise about A$2.1 billion ($1.36 billion) selling shares. (Wed, 26 Nov 2008 00:27:41 GMT)
A list of the insurance industry's safest new cars
The Insurance Institute for Highway Safety designated 72 vehicles as winners of their top safety pick award. The award recognizes vehicles that do the best job of protecting motorists in front, side and rear crashes and have anti-rollover technology called Electronic Stability Control, or ESC. (Wed, 26 Nov 2008 05:01:57 GMT)
Daniel Vasquez: Condo associations must purchase windstorm insurance
Even if association storm-proofs units, Florida requires purchasing policies The standoff over whether to purchase windstorm insurance brewed for several years at Greenbriar Condominiums in Boca Raton . (Wed, 26 Nov 2008 08:06:33 GMT)
Nigeria: 'Why Insurance Contribution to GDP in West Africa is Low'
Commissioner of Insurance and Chief Executive Officer, National Insurance Commission, Ghana, Ms. Josephine Amoah, says the contribution of insurance industry to the Gross Domestic Product (GDP) of countries in West and East Africa is low because majority of the people have no regular income and have no access to the regular financial services. (Wed, 26 Nov 2008 11:51:09 GMT)
China to introduce deposit insurance soon -radio
BEIJING, Nov 26 (Reuters) - China will soon unveil a long-planned bank deposit insurance system, giving savers similar protection to that enjoyed by people in many other countries, state radio on Wednesday cited a central bank official as saying. (Wed, 26 Nov 2008 12:02:49 GMT)
Workers pay more for health insurance
U.S. workers who get health insurance through their employer can expect to shoulder more of the ever-growing financial burden again next year. (Wed, 26 Nov 2008 12:17:05 GMT)
Report: Nearly all Hawaii children have insurance
HONOLULU (AP) _ Hawaii is one of the top states in the nation when it comes to children covered by health insurance. That's according to a new study by a national organization for health care consumers called Families USA. (Wed, 26 Nov 2008 14:54:50 GMT)
France to detail company credit insurance plans
The French government will on Thursday detail plans to offer credit insurance to companies, aiming to stave off bankruptcies during the global financial crisis. (Wed, 26 Nov 2008 15:30:00 GMT)
Insurance Firm To Pay For Hiking Path
The health insurance company for New Hampshire's Carroll County employees is prepared to pay the county to build a hiking trail. (Wed, 26 Nov 2008 15:32:21 GMT)
Insurance carriers warn policy holders about SRMC's billing practices
Two private insurance carriers and a school group are advising their members not to use Shasta Regional Medical Center unless it's an emergency. (Wed, 26 Nov 2008 15:55:58 GMT)
QBE Insurance Raises A$2 Billion in Share Sale (Update1)
Nov. 27 (Bloomberg) -- QBE Insurance Group Ltd. , Australia’s biggest property and casualty insurer, raised A$2 billion ($1.3 billion) to shore up its capital and pay for acquisitions abroad. (Thu, 27 Nov 2008 06:12:51 GMT)
Natixis Tells Bidders It Won’t Sell Insurance Unit, Echos Says
Nov. 27 (Bloomberg) -- Natixis SA told bidders for its insurance business it no longer plans to sell the unit as the offers are too low, Les Echos reported, without saying where it obtained the information. (Thu, 27 Nov 2008 07:19:10 GMT)
Seniors invited to free long-term insurance talk
The Cayuga County Office for the Aging is hosting a free long-term care insurance information seminar Wednesday. The seminar begins at 1 p.m. at the Boyle Center, 149 Genesee St., Auburn. Please register by calling the Office for the Aging at 253-1017. (Thu, 27 Nov 2008 10:19:38 GMT)
France to offer credit insurance
The French government is set to provide state-backed insurance to companies who offer credit to the businesses they trade with. (Thu, 27 Nov 2008 11:39:52 GMT)
Moody's assigns first-time IFSR of Baa2 to Qatar Islamic Insurance Company
Moody's Investors Service has recently announced that it had assigned a first-time insurance financial strength rating of Baa2 to the Qatar Islamic Insurance Company 'QIIC'. (Thu, 27 Nov 2008 12:39:14 GMT)
Insurance agency celebrates move
Christner Insurance Agency is celebrating the opening of its new office at noon Tuesday. Joel Christner, who became a Farmers Insurance agent last year, moved from an office on Spring Arbor Road to the Commonwealth Commerce Center in downtown Jackson in May. (Thu, 27 Nov 2008 14:02:00 GMT)
France to offer credit insurance aid to companies
PARIS, Nov 27 (Reuters) - The French state is to help cover the credit insurance needs of viable companies so that they are not left in the cold by credit insurers worried about rising defaults as the country heads into recession. (Thu, 27 Nov 2008 15:30:47 GMT)
(AFX UK Focus) 2008-11-27 15:15 France to offer credit insurance aid to companies
PARIS, Nov 27 (Reuters) - The French state is to help cover the credit insurance needs of viable companies so that they are not left in the cold by credit insurers worried about rising defaults as the country heads into recession. Credit insurance firms that might look at a company and decide only to fully take on half of its risk could soon enlist state-owned Caisse Centrale de Reassurance to ... (Thu, 27 Nov 2008 15:35:39 GMT)
Insurance cover lapse rate set to decrease
It may be a little harsh on policyholders who do not pay their premium on time but a uniform definition of lapse of insurance policy by Insurance Regulatory & Development Authority (Irda) is likely to ensure that more covers stay in force. (Thu, 27 Nov 2008 15:49:16 GMT)
Village hoping to cut costs of insurance plan
MINOOKA - The village will participate in a Minimum/Maximum Program with the Illinois Municipal League Risk Management Association as part of its insurance renewal. (Thu, 27 Nov 2008 15:55:50 GMT)
Childrens health insurance priority for state
WASHINGTON Wisconsin has the nations fourth-lowest rate of uninsured children, but the director of a health advocacy group said the state could cover more kids if Congress expands the State Childrens Health Insurance Program, or SCHIP. (Fri, 28 Nov 2008 10:12:44 GMT)
French government to offer credit insurance
The French government is aiming to boost the country's business by offering firms credit insurance in a bid to safeguard dwindling credit lines. (Fri, 28 Nov 2008 10:30:03 GMT)
Condo insurance can be complicated, so ask questions
If an earthquake, fire or theft should strike, is your home adequately protected? Unfortunately, only when the worst happens do we truly know. A devastating condominium fire last year caused us to reassess our insurance needs for a condominium unit we own. What we found was that condominium insurance was a lot more complex than we thought. (Fri, 28 Nov 2008 11:07:33 GMT)
Case Considers Exclusions in Auto Insurance Policy
The Texas Supreme Court must decide if an insurance company should pay in the case of a boy injured by a driver who was speeding away from police. (Fri, 28 Nov 2008 12:40:14 GMT)
Regulator fines Hibernian Insurance €45,000
The Financial Regulator has fined the Hibernian Insurance company €45,000 for breaches in the consumer code. The breaches relate to the non-disclosure of information when selling of optional extra benefits on motor insurance policies. (Fri, 28 Nov 2008 12:56:09 GMT)
Texas court to decide if fleeing police voids Nationwide car insurance policy
AUSTIN, Texas (AP) - The Texas Supreme Court must decide if an Ohio insurance company should pay in the case of a boy injured by a driver who was speeding away from police. (Fri, 28 Nov 2008 12:58:15 GMT)
Texas case considers exclusions in Ohio-based auto insurance company's policy
AUSTIN, Texas -- The Texas Supreme Court must decide if an Ohio insurance company -- Nationwide Insurance -- should pay in the case of a boy injured by a driver who was speeding away from police. (Fri, 28 Nov 2008 14:26:04 GMT)
Insurance cover lapse rate set to decrease
It may be a little harsh on policyholders who do not pay their premium on time but a uniform definition of lapse of insurance policy by Insurance Regulatory & Development Authority (Irda) is likely to ensure that more covers stay in force. (Fri, 28 Nov 2008 15:10:12 GMT)
Braintree seems increasingly unlikely to join state health insurance plan
Braintree’s chance to join a state health insurance plan may finally be dead. The police union’s president, leading a group of several unions, said the town’s offer fell far short. But the mayor said Wednesday that he remains optimistic an agreement can be reached. (Fri, 28 Nov 2008 15:20:57 GMT)
Court asks insurance companies to be consumer friendly
A consumer court Friday reprimanded insurance companies for rejecting claims on flimsy grounds and asked them to be consumer friendly. (Fri, 28 Nov 2008 15:51:43 GMT)
Small businesses get health-insurance options
An accessible and affordable health-insurance option for small business owners has been a recurring challenge for Steve Holt in his tenure as president of the Shoals Chamber of Commerce."I've been hearing it every week from our members for years," he said. (Sat, 29 Nov 2008 09:32:38 GMT)
California fires an insurance wake-up call
Many homeowners in California have discovered that their homes that were destroyed by recent wildfires were underinsured. So who is to blame, the homeowners or insurance agents? (Sat, 29 Nov 2008 10:08:11 GMT)
Losses major factor in setting insurance costs
The recent article on higher homeowners insurance rates in Alabama compares our average rate increase over the past five years with the national average. However, the article fails to compare losses in Alabama over the same past five years with the national average losses. (Sat, 29 Nov 2008 10:11:10 GMT)
Crop disasters prompt record insurance payouts
Drought in the Peace River, cold snaps and hail in the Okanagan Valley, and a cool wet spring in the Lower Mainland amount to record payouts predicted to exceed $30 million this year under the provincial crop insurance program. (Sat, 29 Nov 2008 10:16:48 GMT)
Judges seek to expedite insurance lawsuits
Galveston County judges are devising ways to fast-track a predicted spate of Hurricane Ike-related lawsuits against insurance companies. (Sat, 29 Nov 2008 10:54:50 GMT)
Celina Insurance Group to celebrate 50 years of business with Scharer Insurance
CELINA - Celina Insurance Group recently announced it will celebrate 50 years of doing business with the Scharer Insurance Agency of Marion. (Sat, 29 Nov 2008 12:11:00 GMT)
Parents fighting insurance company
AUSTIN -- The Texas Supreme Court must decide whether an insurance company should pay in the case of a boy injured by a driver who was speeding away from police ... (Sat, 29 Nov 2008 12:15:16 GMT)
Commissioner’s court changes insurance and signs juvenile defendant agreement
The Liberty County Commissioner’s Court voted to increase insurance coverage for county employees and their families. The vote expanded the limits for chiropractic, dental, orthodontic and preventive care. (Sat, 29 Nov 2008 13:33:24 GMT)
State insurance costs going up, benefits cut
A vote on the final version of the 2009-10 plan by the Finance Board of Public Employees Insurance Agency health coverage will take place on Dec. 4 leaving many across the state concerned about the increased cost and loss of benefits. (Sat, 29 Nov 2008 15:41:43 GMT)
Insurance cos ready to clear claims
Insurance industry is gearing up to clear claims from the attack on Mumbai even as many of the injured are finding it tough to produce the required documents. (Sat, 29 Nov 2008 15:49:25 GMT)
Court to examine insurance policy in police chase
The Texas Supreme Court must decide if an insurance company should pay in the case of a boy injured by a driver who was speeding away from police. (Sun, 30 Nov 2008 06:59:24 GMT)
State insurance costs going up, benefits cut
A vote on the final version of the 2009-10 plan by the Finance Board of Public Employees Insurance Agency health coverage will take place on Dec. 4 leaving many across the state concerned about the increased cost and loss of benefits. (Sun, 30 Nov 2008 07:11:43 GMT)
Terror insurance
As the country mourns the dead in the terror attacks in Mumbai and governments may announce compensation to the bereaved families - insurance claims may not really be settled easily - thanks to the 'fine print' and in fact, lack of a proper cover against terrorist violence. (Sun, 30 Nov 2008 08:08:49 GMT)
See if lender will let you pay insurance, taxes
Q: Why does one have to pay monthly insurance payments in escrow to the lender? Also, after having paid this payment in escrow for five to six years, why can't this be canceled? A: First, let me express my view. I dislike the concept that homeowners have to... (Sun, 30 Nov 2008 08:39:00 GMT)
5 things to know about travel insurance
A primer on what travel insurance covers, how much it costs and where to find coverage. (Sun, 30 Nov 2008 08:46:18 GMT)
ESCONDIDO: Insurance requirements for cabs stirring debate
ESCONDIDO ---- A recent decision to triple the liability insurance requirements for Escondido cab drivers has raised questions about the survival of small cab companies in the city. (Sun, 30 Nov 2008 08:48:46 GMT)
Insurance scammer to serve more than 5 years in prison
A Las Vegas insurance salesman who attempted to cash in on the deaths of 37 terminally ill people will spend more than five years in federal prison. (Sun, 30 Nov 2008 10:14:31 GMT)
Include Life Insurance in Your 'Must Have' Budget
(ARA) - As you re-examine your monthly expenses to cover the escalating costs of food and fuel, it's important to consider life insurance in your plans. (Sun, 30 Nov 2008 11:25:29 GMT)
Terror insurance premium to rise
With terror attack claims likely to wipe out over 70 per cent of the Rs 700-crore terror pool, insurers are expected to chip in with additional funds to replenish the corpus and raise the premium paid for terrorism insurance. (Sun, 30 Nov 2008 15:46:25 GMT)
Insurance cos ready to clear claims
Insurance industry is gearing up to clear claims from the attack on Mumbai even as many of the injured are finding it tough to produce the required documents. (Sun, 30 Nov 2008 15:49:17 GMT)
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