Insurance News 09/2009 (Page 6)
Mr Justice Consumer Advice: Insurance win for pensioner (icNewcastle - Sunday Sun)
AN insurance settlement has been offered after I took up a case for burgled Fred Athey.
(Sep 27, 2009)
Cove tackles insurance premiums (Killeen Daily Herald)
COPPERAS COVE – The budget was balanced when it was adopted nearly two weeks ago, but after a suggestion from a council member, city staff is researching the health insurance issue more in depth.
(Sep 27, 2009)
AXA Insurance announces distribution agreement with HSBC (MENAFN)
AXA Insurance announces distribution agreement with HSBC
(Sep 27, 2009)
'Emulate Malaysia's deposit insurance framework' (Business Times (Malaysia))
MALAYSIA'S deposit insurance coverage framework introduced a year ago to guarantee all bank deposits, can be taken as a model for other countries looking to reform their financial systems, says Financial Stability Board (FSB) adviser Dr Eva Hupkes.
(Sep 27, 2009)
Park Hills chooses insurance plan (Park Hills Daily Journal)
Faced with a $69,307.92 annual increase in insurance rates for next year, the Park Hills City Council on Tuesday chose a plan that will increase employees’ deductibles but will not raise their monthly insurance rates.
(Sep 27, 2009)
County Commission to rebid health insurance plan soon (Park Hills Daily Journal)
In March it will be time to rebid the county’s health insurance plan, but County Commissioners are already working on the numbers game.
(Sep 27, 2009)
Health care insurance: Bill would give private insurance association authority to make rules (Chicago Tribune)
-- Health care overhaul legislation moving through the Senate Finance Committee puts crucial rule-making authority in the hands of a private association of state insurance commissioners that consumer advocates fear is too closely tied to the industry.
(Sep 28, 2009)
Orem insurance agents collect suits for battered women (Provo Daily Herald)
Local insurance agents are looking for donations to help battered women start a new life.
(Sep 28, 2009)
Ailing Market jeweler struggles without health insurance (Seattle Times)
For more than three decades, jewelry maker Susan Sauls has been a well-known figure at the Pike Place Market, often raising money for co-workers who fell ill but had no medical insurance. Now, she finds herself in the same position.
(Sep 28, 2009)
Norfolk & Dedham, Rockingam Group Form Mutual Insurance Alliance (Insurance Journal)
Two East Coast-based mutual insurance companies have formed a mutual alliance that they say allows them to achieve efficiencies, diversification and spread of risk without actually merging their ...
(Sep 28, 2009)
Most car insurance do not cover ‘act of God’ (Philippine Daily Inquirer)
Amid the damage caused by floodwaters to hundreds -- maybe thousands -- of vehicles by typhoon “Ondoy” (international codename: Ketsana), auto insurance firms are bracing for a deluge of claims from policyholders over the next few days.
(Sep 28, 2009)
Recession scraps state insurance convention (The Charleston Gazette)
CHARLESTON, W.Va. -- Economic hard times have forced one of West Virginias oldest business associations to cancel its long-running annual convention.The Independent Insurance Agents of West Virginia has scrapped its 110th annual convention, which was sche...
(Sep 28, 2009)
High costs force some Americans to roll the dice on health care coverage, opt out of insurance (The Canadian Press via Yahoo! Canada News)
NEW YORK - Call it a health care gamble: the decision by some people to opt out of health insurance, paying cash for routine care while playing the odds that an accident or catastrophic illness won't plunge them into financial ruin.
(Sep 28, 2009)
West Virginia Insurance Agents Cancel Convention, Citing Tough Economy (Insurance Journal)
The Independent Insurance Agents of West Virginia has called off its 110th annual convention that was set to kick off on Sept. 30 for a few days at Pipestem State Resort. The association cited ...
(Sep 28, 2009)
Farmers Insurance beings work on Caledonia Township expansion (The Grand Rapids Press)
Farmers Insurance starts expansion of Caledonia facility that could bring 1,600 jobs to area.
(Sep 28, 2009)
Nigeria : How Official Corruption Frustrates Insurance Business (AllAfrica.com)
Lagos — The National Insurance Commission (NAICOM) last month wielded the big stick against UTIB Insurance Brokers. The broker was suspended for six months over what regulatory body described as unethical practices involving N314 million premium.
(Sep 28, 2009)
MBIA Insurance Cut to Junk at S&P on Concern Over More Losses (Bloomberg)
Sept. 28 (Bloomberg) -- MBIA Insurance Corp., a unit of the largest bond insurer by total guarantees, was cut to below investment grade, or junk, by Standard & Poor’s because of “increased concern” the company may report more losses tied to structured products.
(Sep 29, 2009)
O.C. insurance salesman admits investor fraud (Los Angeles Times)
James R. Halstead and an accomplice promised to put investors' money into securities, prosecutors say. Instead, he allegedly spent millions on cars, property and a mistress. A Santa Ana insurance salesman accused of blowing millions of dollars of investors' money on exotic sports cars, a mistress and Las Vegas real estate faces up to 60 years in prison after pleading guilty to federal fraud and ...
(Sep 29, 2009)
Generali Wants 5% of Spanish Insurance Market, Il Sole Says (Bloomberg)
Balbinot, “speaking in general,” said Generali may consider acquisition opportunities at “reasonable” prices, according to the Italian newspaper. Balbinot didn’t comment on whether Generali wanted to buy Banco Santander SA’s insurance business, Sole reported.
(Sep 29, 2009)
FDIC may order banks to prepay insurance premiums to stem losses (The Buffalo News)
WASHINGTON -- The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to shore up the shrinking deposit insurance fund.
(Sep 29, 2009)
Senate Finance Committee to consider government insurance option for middle class (New Orleans Times-Picayune)
It'll be Democrat vs. Democrat as lawmakers in Washington D.C. go back to work on health care Tuesday. The Senate Finance Committee is expected to consider whether the government should offer its own insurance plan for the middle class in...
(Sep 29, 2009)
S.C. Dept. Gets Bait Cars From Insurance Co. (Officer.com)
To help catch auto thieves and protect local residents from theft, Nationwide Insurance has provided bait vehicles to the Charleston Police Department.
(Sep 29, 2009)
Pennsylvania Farmers Reminded of Sept. 30 Crop Insurance Deadline (Insurance Journal)
Pennsylvania farmers can protect their income against unexpected losses by purchasing crop insurance before Sept. 30, said acting Agriculture Secretary Russell Redding. The Crop Revenue ...
(Sep 29, 2009)
FSA orders insurance compensation (BBC News)
Banks and other lenders are told to compensate customers who may have been mis-sold payment protection insurance.
(Sep 29, 2009)
Public insurance option up for panel vote (UPI)
WASHINGTON, Sept. 29 (UPI) -- A showdown looms in the U.S. Senate Finance Committee, where two members say they plan to force a vote on a public healthcare insurance option.
(Sep 29, 2009)
Maryland Insurance Administration Accredited by State Regulators (Insurance Journal)
The Maryland Insurance Administration (MIA) has been given a five year accreditation from the National Association of Insurance Commissioners (NAIC) for solvency regulation. The accreditation ...
(Sep 29, 2009)
Senate Finance panel rejects insurance option (USA Today)
Democrats sought to give government the right to sell insurance in competition with private industry Tuesday as the Senate Finance Committee opened a second week of debate over massive health care legislation.
(Sep 29, 2009)
Summary Box: Deposit insurance fund in the red (AP via Yahoo! News)
GOING INTO DEFICIT: The fund that insures U.S. bank deposits will be in deficit as of Wednesday, the Federal Deposit Insurance Corp. said. Still, depositors' money is guaranteed — up to $250,000 per account — by the government.
(Sep 29, 2009)
FDIC insurance plan is no long-term solution (AP via Yahoo! News)
A plan that regulators proposed Tuesday to have banks prepay $45 billion in insurance premiums won't provide a long-term fix for the shrinking fund that insures bank deposits.
(Sep 29, 2009)
After Votes, Prospects for Public Health Insurance Option Dim in Senate (Washington Post)
A key Senate panel twice beat back efforts Tuesday to create a government-run insurance plan, dealing a crippling blow to the hopes of liberals seeking to expand the federal role in health coverage as a cornerstone of reform.
(Sep 30, 2009)
Senate panel rejects gov't health insurance option (AP via Yahoo! News)
In a long-anticipated showdown, liberal Democrats twice failed on Tuesday to inject a government-run insurance option into sweeping health care legislation taking shape in the Senate, despite bipartisan agreement that private insurers must change their ways.
(Sep 30, 2009)
Senate setback for public insurance option (New York Post)
WASHINGTON -- In a long-anticipated showdown, liberal Democrats failed yesterday to inject a government-run insurance option into sweeping health care legislation taking shape in the Senate. The vote in the Finance Committee marked a victory for it...
(Sep 30, 2009)
Africa Experiments With Climate Insurance -- for $5 a Year (New York Times)
NEW YORK -- Ethiopian farmers are buying drought insurance with a muscular currency: their own labor. The experiment, using a...
(Sep 30, 2009)
Mom can put adult daughter on family insurance until age 29 (Newsday)
A column two weeks ago on New York State's two new insurance laws elicited some interesting follow-up questions. Here's a sampling: Dear Carrie: My 27-year-old, unmarried daughter moved to Rhode Island from New York last November to get a job. She pays for her own health coverage. Under the new law, would she be able to go back on my insurance plan until she is 29? If so, could she go back on my ...
(Sep 30, 2009)
Health care issues: Insurance cooperatives (Boston Globe)
A look at key issues in the health care debate: THE ISSUE: Are consumer-run co-ops a realistic alternative to a new government-run insurance option?
(Sep 30, 2009)
Health care issues: Insurance cooperatives (San Francisco Chronicle)
A look at key issues in the health care debate: THE ISSUE: Are consumer-run co-ops a realistic alternative to a new government-run insurance option? THE POLITICS: The Democratic push for a government-run insurance plan to compete in the marketplace is running... Sponsored Topics: Insurance - Health care - Health - Cooperative - Business
(Sep 30, 2009)
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