Insurance News 06/2009 (Page 2)
Farmers Insurance loses Nebraska high court appeal (AP via Yahoo! Finance)
The Nebraska Supreme Court has returned for possible trial a lawsuit against Farmers Insurance. In the ruling issued Friday, the court upheld the Court of Appeals' ruling overturning a district court's judgment favoring Farmers.
(Jun 5, 2009)
Obama Health Overhaul May Spur Insurance Acquisitions (Update2) (Bloomberg)
June 5 (Bloomberg) -- President Barack Obama’s health overhaul may send insurance leaders UnitedHealth Group Inc., WellPoint Inc. and Aetna Inc. on a wave of acquisitions of smaller companies as the industry shifts from paying claims to preventing illness.
(Jun 5, 2009)
Don't reduce your property insurance coverage to reflect lower home values (Los Angeles Times)
Experts say it costs more to rebuild than it does to start from scratch, so the market value of a house doesn't indicate the amount of insurance you need. There are a number of steps every homeowner should take to lower the cost of property insurance. But reducing the amount of coverage to match today's lower values is probably not one of them.
(Jun 6, 2009)
Inadequate health insurance leaves Nebraskans in a pinch (Grand Island Independent)
When state Sen. Mike Gloor left his job as president and chief executive officer at St. Francis Medical Center in Grand Island, he was thrust into health insurance limbo.
(Jun 6, 2009)
William Russell and Dubai Insurance Company launch enhanced international life insurance plan (AME Info)
International insurance specialist William Russell and Dubai Insurance have launched their May 2009 Global Life insurance plans with an increase to the maximum life benefit insured.
(Jun 6, 2009)
Hyundai, Kia top insurance survey (Montgomery Advertiser)
Vehicles from Hyundai and Kia took the top five spots in a survey by www.insure.com, which rated vehicles for the lowest insurance costs.
(Jun 6, 2009)
Draft bill guarantees health insurance for all Americans (Montgomery Advertiser)
WASHINGTON -- Employers would be required to offer health care to employees or pay a penalty -- and all Americans would be guaranteed health insurance -- under a draft bill circulated Friday by Sen. Edward M. Kennedy's health committee.
(Jun 6, 2009)
Decreasing insurance may be costly (Las Vegas Review-Journal)
There are a number of steps every homeowner should take to lower the cost of property insurance. But reducing the amount of coverage to match today's lower values is probably not one of them.
(Jun 6, 2009)
Why Don't All Insurance Plans Cover Ankle Replacements When The FDA Has Approved Them? (Medical News Today)
It's been a decade since the U.S. Food and Drug Administration approved the first total ankle-replacement system for patients with severe ankle arthritis. But several insurance companies still deny coverage, Loyola University Health System orthopaedic surgeon Dr.
(Jun 6, 2009)
Richard White: Reserves cannot be used to pay insurance premiums (Naples Daily News)
Reserves cannot be used to pay insurance premiums
(Jun 6, 2009)
House Democrats Weigh Health Measure That Requires Insurance (Bloomberg)
June 6 (Bloomberg) -- House Democrats are weighing health care overhaul legislation that would require Americans to have health insurance, with some exceptions, according to an outline circulating in Washington.
(Jun 7, 2009)
Insurance help available this week (Athens Banner-Herald)
An investigator from the state insurance commissioner's office will answer questions and help people with insurance problems during a session scheduled for 9:30 a.m. to 3:30 p.m. Wednesday at Athens City Hall.
(Jun 7, 2009)
Senate proposal would mandate municipal insurance expenses (The MetroWest Daily News)
Embedded in the state Senate's budget, an insurance proposal is presenting a not-so-veiled ultimatum to municipalities: Curb your health care costs or else.
(Jun 7, 2009)
FEMA urging Florida residents to purchase flood insurance (Tallahassee Democrat)
With hurricane season underway, the Federal Emergency Management Agency is reminding Florida residents about the importance of flood insurance, even if they don't live in high-risk areas.
(Jun 7, 2009)
'Public option' insurance plan stirs debate (Billings Gazette)
HELENA - As health care reform kicks into high gear in Washington, D.C., one of the fiercest political fights is over creating something called a "public option" insurance plan. Yet few Americans even know what it is or how it's supposed to work. ...
(Jun 7, 2009)
'Public option' insurance plan stirs debate (Billings Gazette)
HELENA - As health care reform kicks into high gear in Washington, D.C., one of the fiercest political fights is over creating something called a "public option" insurance plan.
(Jun 7, 2009)
State may cut federally funded health insurance for children (Ventura County Star)
Thomas Bustos, who is 11, doesn’t understand what health insurance is. All he knows about the proposed elimination of the state program that covers him and his 9-year-old brother is his mother is scared.
(Jun 7, 2009)
Don't reduce your property insurance coverage to reflect lower home values (Los Angeles Times)
Experts say it costs more to rebuild than it does to start from scratch, so the market value of a house doesn't indicate the amount of insurance you need. There are a number of steps every homeowner should take to lower the cost of property insurance. But reducing the amount of coverage to match today's lower values is probably not one of them.
(Jun 7, 2009)
Insurance Carriers Tackle Mountain Of Work In Hail Claims (WRTV Indianapolis)
Insurance carriers expect to be in part of Fishers, which was hit by hail as large as baseballs earlier this week, for a month or more.
(Jun 7, 2009)
Flood insurance will cost you less this year (The Houma Courier)
HOUMA - Terrebonne homeowners will save 15 percent on their flood-insurance policies this year thanks to the parish’s participation in a program that encourages home elevation and other building standards to help flood-proof communities.
(Jun 7, 2009)
White House straddles on health insurance tax (The Tennessean)
WASHINGTON - When it comes to taxing health insurance benefits, President Barack Obama hasn't said yes, and may never. But he and his top aides won't quite say no, either, to an idea he attacked sharply in his campaign for the White House.
(Jun 8, 2009)
Health insurance industry supports change (The Tennessean)
Some people may find it hard to believe that the U.S. health insurance industry supports making major changes to the nation's health-care system.
(Jun 8, 2009)
Workers' comp insurance about to jump (San Diego Union-Tribune)
Five years after California reined in skyrocketing workers' compensation insurance rates, employers are facing another round of rate increases, blamed largely on rising medical costs. Over the past two months, half a dozen insurers have notified the state of their intention to raise their workers' comp rates by 10 percent to 33.9 percent.
(Jun 8, 2009)
Will health insurance ‘haves’ pay for ‘have-nots’? (MSNBC)
You’ve been enjoying thousands of dollars in tax-free compensation, if you’re one of the 164 million people covered by health insurance from your job. Are you ready you to pay taxes on your tax-free income?
(Jun 8, 2009)
Insurance / Perspectives (Business News Americas)
With the Venezuelan economy heading for a contraction this year after average GDP growth of around 10% in 2004-08, one would think the outlook for the insurance sector, as many other sectors, is far from promising.
(Jun 8, 2009)
Protecting The Value Of Long-Term Care Insurance (Medical News Today)
Today, U.S. Senators Mel Martinez (R-FL) and Herb Kohl (D-WI) of the Special Committee on Aging examined the long-term care insurance industry. The high cost of long-term care and the current economic instability are creating significant financial planning challenges for baby-boomers, seniors, and individual states.
(Jun 8, 2009)
RMS Completes Micro-Insurance Quake Project for Rural China (Insurance Journal)
Risk Management Solutions has completed a new quantitative analysis, which "reveals that a micro-insurance system could be both technically and commercially viable to provide cover against ...
(Jun 8, 2009)
Insurance Industry Supports Healthcare Reform--Say It Ain't So! (US News & World Report)
An individual mandate would be good news for insurance companies.
(Jun 8, 2009)
How to get the best rate on life insurance (News On 6 Tulsa)
Buying life insurance can be intimidating. But don't let that discourage you from trying to get the best deal on the policy that's right for you.
(Jun 8, 2009)
Adviser Says Obama Still Against Taxing Health Insurance Benefits (KOLR - KSFX Ozarks)
(Paris) -- President Obama is still pushing for a health care reform solution that won't tax employer-provided health insurance benefits.
(Jun 8, 2009)
AP sources: House Dems favor insurance requirement (AP via Yahoo! News)
Senior House Democrats drafting health care legislation are considering slapping an unspecified financial penalty on anyone who refuses to purchase affordable health insurance, a key committee chairman said Monday.
(Jun 9, 2009)
Japan Insurance Stocks Drop; Softbank Climbs on New iPhone Sale (Bloomberg)
June 9 (Bloomberg) -- Japan’s insurance shares fell, led by Nipponkoa Insurance Co. on a newspaper report former executives opposed its merger with a rival. Softbank Corp. jumped after saying it will sell Apple Inc.’s new iPhone.
(Jun 9, 2009)
HSBC Poised for China Insurance Joint Venture (New York Times)
The biggest European bank, HSBC , has received regulatory approval to enter into an insurance joint venture in China, as part of its effort to increase income from insurance, Reuters reported.
(Jun 9, 2009)
Insurance regulation is needed, report says (The Buffalo News)
Deregulation of health insurance premiums in the 1990s has led to “excessive rate increases,” according to a new report by state insurance regulators released today that calls for the reinstatement of the regulator's authority to review and reject premium hikes in advance.
(Jun 9, 2009)
UK Government Widens Trade Credit Insurance Support (Nasdaq)
LONDON -(Dow Jones)- The U.K. government said Tuesday it is widening its GBP5.0 billion trade credit insurance scheme following pressure from business groups.
(Jun 9, 2009)
HSBC launches China JV to speed insurance push (Reuters via Yahoo! Singapore News)
* Targets China's rising insurance demand
(Jun 9, 2009)
Mandelson Lowers Barriers to U.K. Credit Insurance Program (Bloomberg)
June 9 (Bloomberg) -- Business Secretary Peter Mandelson allowed more U.K. companies to access the government’s 5 billion-pound ($8.1 billion) insurance program for trade credit.
(Jun 9, 2009)
Today’s Inbox: Insurance paper pushing costs billions (The Des Moines Register)
My husband, Floyd Ziesman, passed away March, 2008 from a rare lung cancer. For 10 years, we had to fight the system, even though we had a group health insurance through my employers as well as his Medicare and Medicare supplement.
(Jun 9, 2009)
UPDATE: UK Government Widens Trade Credit Insurance Support (Nasdaq)
LONDON -(Dow Jones)- The U.K. government said Tuesday it is easing access to its GBP5.0 billion trade credit insurance scheme, following concerted pressure from business groups.
(Jun 9, 2009)
Vital Signs: Ten health-insurance tips for new graduates (Market Watch)
Many new college graduates will soon find that the question of what to do about health insurance is anything but academic.
(Jun 9, 2009)
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