Insurance News 12/2008 (Page 3)
House GOP proposes auto-industry-funded insurance program (Politico via Yahoo! News)
THe House GOP leadership Wednesday released an alternative plan to the Democrats' proposed $15 billion in loans to the auto makers. The plan is reminiscent of an loan-insurance-themed proposal that House Republicans pushed hard during the financial bailout debate. The plan would be industry funded.
(Dec 10, 2008)
American Reserve Life buys Albanian insurance firm (AP via Yahoo! News)
American Reserve Life Insurance Company has agreed to buy Albania's state-owned insurance company Insig for euro41 million ($52.8 million), the country's Finance Ministry said Wednesday.
(Dec 10, 2008)
Robinson looks to save money on insurance, utilities (Pittsburgh Post-Gazette)
Robinson commissioners Monday got results of an insurance analysis that is expected to save the township about $22,000 and authorized a study of utility bills.
(Dec 11, 2008)
Florida unveils new low-cost health insurance (McClatchy Washington Bureau)
TALLAHASSEE -- The 3.8 million uninsured Floridians will have the option to buy affordable health insurance plans starting Jan. 5 under Gov. Charlie Crist's Cover Florida health initiative.
(Dec 11, 2008)
Floridians get choice of low-cost health insurance plans (The Palm Beach Post)
The 3.8 million Floridians without health insurance will get a chance to buy low-cost but bare-bones coverage under a new program launched Wednesday by Gov. Charlie Crist.
(Dec 11, 2008)
Top court decries employment insurance plan (Reuters via Yahoo! News)
The federal government collected employment insurance premiums unlawfully in 2002, 2003 and 2005, the Supreme Court of Canada ruled on Thursday.
(Dec 11, 2008)
Web Head Longo, Moavero lift Duggan Insurance to win (Stamford Advocate)
Tim Longo and R.J. Moavero sparked the attack for Duggan Insurance in a win against North Street in the Stamford Youth Basketball Prep Division.
(Dec 11, 2008)
Negative Economic Factors to Severely Test U.S. Insurance Industry in 2009 (Financial Planning.com)
The financial and housing crises, along with a prolonged soft market for insurance products, are converging to create a highly challenging environment for the U.S. insurance industry in 2009. These factors will force insurance carriers to adopt new skills and business discipline in order to survive the economic turmoil, according to new research from TowerGroup that identifies key insurance ...
(Dec 11, 2008)
N.C. Considers 20 Percent Homeowner Insurance Hike (WSOC-TV Charlotte)
RALEIGH, N.C. -- The North Carolina insurance commissioner says a proposal to increase homeowner premiums by an average of nearly 20 percent isn't a done deal.
(Dec 11, 2008)
Property insurance company wants refund from state's hurricane catastrophe fund (Miami Herald)
A property insurance company wants a refund from the state's hurricane catastrophe fund, saying the state charged for backstop insurance that it did not have enough reserves to provide.
(Dec 12, 2008)
Enhancement of the Mortgage Insurance Programme and the Revolving Credit Facility (Thaipr.net)
The Hong Kong Mortgage Corporation Limited (HKMC) is pleased to announce today (11 December 2008): (a)an enhancement of the Mortgage Insurance Programme (MIP) by lowering the threshold above which ins
(Dec 12, 2008)
Unemployment insurance claims remain high (Savannah Morning News)
Metro Savannah continued to experience a surge in first-time claims for unemployment insurance benefits last month, according to a Thursday report showing a 42 percent increase in filings from the same period last year.
(Dec 12, 2008)
PRESS RELEASE: Fitch Assigns Novae Insurance Co IFS A- (Nasdaq)
Fitch Ratings-London-12 December 2008: Fitch Ratings has today assigned Novae Insurance Company Limited (NICL) an Insurer Financial Strength (IFS) rating of 'A-' (A minus).
(Dec 12, 2008)
Loan insurance is 'biggest gripe' (BBC News)
More complaints were made to the financial ombudsman about payment protection insurance this year than any other subject.
(Dec 12, 2008)
BTF takes action on health insurance (The Buffalo News)
The Buffalo Teachers Federation is seeking a contempt-of-court ruling against Buffalo school officials -- along with millions of dollars in fines -- for failing to restore multiple-carrier health insurance plans as ordered by four previous administrative and legal decisions.
(Dec 12, 2008)
China bars doctors from promoting insurance products to patients (People's Daily)
China's Ministry of Health has banned hospitals and doctors from selling insurance to patients to reap profits. According to media reports, some medical institutions and workers in the country have been taking advantage of their jobs and help insurance companies promote anesthesia accident insurance policies to patients to receive kickbacks. The ministry announced the rule on its website on ...
(Dec 12, 2008)
Business basics paying off for insurance agency (Jacksonville Daily Record)
There has been at least one insurance agent in Jacksonville named Pierce since Harry A. Pierce opened his office in 1927. Today his sons, Harry Jr. and Tom, along with Gregory — the third generation in the business — open the door to their State Farm office on West Forsyth Street every morning.
(Dec 12, 2008)
Insurance and Transport (Mondaq)
Under the Marine Insurance Act 1906, a distinction is made between valued and unvalued policies of insurance. Pursuant to section 27 (2) of the Act 1906, "a valued policy is a policy which specifies the agreed value of the subject-matter insured".
(Dec 12, 2008)
Job creates health insurance twists, turns for many (CNN)
In early October, Starla Darling was just days away from giving birth to her second child. The 27-year-old mother from Polk, Ohio, had a well-paying job with good health insurance at the Archway Cookie plant in nearby Ashland.
(Dec 12, 2008)
Movers roundup: HCC Insurance, Stanley Works (AP via Yahoo! Finance)
Shares of HCC Insurance Holdings Inc. rose Friday after an analyst added the specialty insurer to his top pick list, saying the company's book value is well protected.
(Dec 12, 2008)
Comparing American and European Unemployment Insurance (Portfolio.com via Yahoo! Finance)
With the economy in tatters and the Democrats in control of the presidency and Congress come January, it would seem like the perfect time for an expansion of various social insurance schemes -- a New Deal II.
(Dec 13, 2008)
State Farm Insurance: 67 percent increase nixed (Sun-Sentinel)
An administrative law judge on Friday shot down State Farm Florida's requested 67 percent average statewide property insurance rate increase.
(Dec 13, 2008)
insurance: Citizens facing 2 investigations (Sun-Sentinel)
Citizens Property Insurance Corp. board members were startled to learn that the state-run insurer is under scrutiny by federal and state regulators.
(Dec 13, 2008)
Man commits insurance fraud in order to pay for Hummer H3 (The Daily Item)
SALEM - A former Peabody man who admitted filing fake insurance claims because of a mounting debt on his $45,000 2006 Hummer H3, will spend three months in jail before being placed on probation for three years and must pay $4,444.07 in restitution.
(Dec 13, 2008)
Insurance discount in Sutter County (Appeal-Democrat)
A one-year flood insurance reprieve announced earlier for the Natomas Basin will also be provided in areas of Sutter County remapped into a high-risk flood zone, according to the Federal Emergency Management Agency.
(Dec 13, 2008)
Flat Rock residents can seek flood insurance (The Hendersonville Times-News)
FLAT ROCK - Town residents can now apply for flood insurance, said Village Councilman Ron Davis.The village council adopted a flood damage prevention ordinance Thursday. The approval of the ordinance was needed so the village can participate in the National Flood Insurance Program administered by the Federal Emergency Management Agency.
(Dec 13, 2008)
Abram Collier, insurance exec, of New Hampshire, 95 (Boston Herald)
Abram T. Collier of Peterboro, N.H., a prominent Boston insurance executive, died Nov. 20. He was 95. Born and raised in Billerica, he alsolived in Wellesley. Mr....
(Dec 13, 2008)
Bonne Terre keeps MoPERM insurance (Park Hills Daily Journal)
The Bonne Terre City Council met in a special session Thursday night to discuss liability, auto and equipment insurance.
(Dec 13, 2008)
Health Insurance Fears Rise (The Tampa Tribune)
Cynthia Casey's husband was in the hospital with a failing liver when she was laid off in September, stranding the family without health insurance.
(Dec 14, 2008)
Man commits insurance fraud in order to pay for Hummer H3 (The Daily Item)
SALEM - A former Peabody man who admitted filing fake insurance claims because of a mounting debt on his $45,000 2006 Hummer H3, will spend three months in jail before being placed on probation for three years and must pay $4,444.07 in restitution.
(Dec 14, 2008)
Legwand adds insurance goal (The Tennessean)
More than 42 minutes elapsed between the Predators' first and second goals Saturday night, but David Legwand finally put an end to the trying stretch with a third-period insurance score.
(Dec 14, 2008)
Make sure insurance has you protected against the worst weather (Detroit Free Press)
As youngsters ready their annual wish lists for Santa, homeowners should be preparing their own special lists -- like a checklist of what to include in their home insurance policies.
(Dec 14, 2008)
Insurance industry on the up, defies credit crunch, says Finance Ministry (Việt Nam News)
HA NOI — The insurance market in 2008 is estimated to have grown 8.22 per cent compared to last year, earning a total revenue of VND26 trillion ($1.57 billion), according to the Ministry of Finance.
(Dec 14, 2008)
Life without health insurance adds to the anxieties of laid-off workers (New London Day)
Cynthia Casey's husband was in the hospital with a failing liver when she was laid off in September, stranding the family without health insurance. Medical bills
(Dec 14, 2008)
Insurance and Transport (Mondaq)
United States: Thinking About Switching Insurance Companies? Five Questions To Ask Before You Do
(Dec 14, 2008)
Bonne Terre keeps MoPERM insurance (Park Hills Daily Journal)
The Bonne Terre City Council met in a special session Thursday night to discuss liability, auto and equipment insurance.
(Dec 14, 2008)
Commissioners court changes insurance, signs juvenile defendant agreement (Cleveland Advocate)
The Liberty County Commissioners Court voted to increase insurance coverage for county employees and their families. The vote expanded the limits for chiropractic, dental, orthodontic and preventive care.
(Dec 14, 2008)
Flood insurance deluge predicted in Niagara County (The Buffalo News)
LOCKPORT -- By 2010, hundreds of Niagara County homeowners who never had to buy flood insurance before may find themselves doing so. The Federal Emergency Management Agency has compiled new flood plain maps of the county, and in many locations, the flood zones have expanded.
(Dec 14, 2008)
Customer service pinpoints best insurance (BizJournals)
Proper, adequate coverage at a fair price is the goal when shopping for a provider of property and casualty insurance.
(Dec 15, 2008)
Insurance mandate worries small-business groups (BizJournals)
The last thing struggling businesses need in this weak economy is a mandate from the federal government requiring them to provide health insurance to their employees.
(Dec 15, 2008)
Buying commercial insurance starts with finding an agent (BizJournals)
Finding the right insurance agent is key for businesses looking to secure property and casualty coverage. But it can be a difficult process.
(Dec 15, 2008)
Merger of insurance firms driven by ‘premium volume’ (BizJournals)
Fifteen years ago, then 35-year-old David Warfield bought Warfield-Dorsey Co. Inc. from his father, carrying the Baltimore insurance agency into its fourth generation as a family-owned business.
(Dec 15, 2008)
Fairness of insurance caps is questioned (The Philadelphia Inquirer)
More than half of all employer-based insurance plans in America have lifetime caps limiting how much can be spent on any one employee. Because of rising health-care costs, more Americans appear to be reaching those caps.
(Dec 15, 2008)
Harel Insurance has 55 mln shekels exposed to Madoff (Reuters via Yahoo! Malaysia News)
TEL AVIV, Dec 15 (Reuters) - Israel's Harel Insurance Investments & Financial Services said on Monday some of its subsidiaries invested in a U.S. fund that had invested in financial instruments linked to Wall Street trader Bernard Madoff.
(Dec 15, 2008)
How to go it alone when company health insurance ends (The Washington Times)
Cynthia Casey 's husband was in the hospital with a failing liver when she was laid off in September, stranding the family without health insurance.
(Dec 15, 2008)
First Niagara agrees to join deposit insurance program (The Buffalo News)
First Niagara Financial Group said Friday that it would join a government program to provide unlimited deposit insurance coverage to certain non-interest-bearing transaction accounts, including commercial and some NOW accounts.
(Dec 15, 2008)
Aviva eyes foray into general insurance space (Business Standard India)
Faced with a downturn in Europe, the world's fifth largest insurer, Aviva Plc, has started exploring options to enter the non-life insurance business in India.
(Dec 15, 2008)
Experts call for strong measures to prevent social insurance debt (Vietnam Net)
VietNamNet Bridge – Enterprises, which have been remiss in paying employees’ social insurance, will have to pay a fine of 20 per cent of the debt to the State, according to a proposal by the HCM City Department of Labour, Invalids and Social Affairs.
(Dec 15, 2008)
Senate OKs P500K deposit insurance on 2nd reading (GMA News)
MANILA, Philippines - The Senate on Tuesday approved on second reading the bill increasing the deposit insurance coverage of Philippine Deposit Insurance Corporation (PDIC) from P250,000 to P 500,000.
(Dec 16, 2008)
Study Examines Association Of Race And Insurance Status With Presentation And Surgical Treatment Of Diverticulitis (Medical News Today)
Among patients undergoing surgery for diverticulitis, race was associated with a complicated presentation and in-hospital mortality, but not with receiving a colostomy, whereas insurance status was associated with complicated presentation, in-hospital mortality and receiving a colostomy, according to a report in the December issue of Archives of Surgery, one of the JAMA/Archives journals.
(Dec 16, 2008)
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