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Insurance News 10/2009



Practice has cure for insurance paperwork -- avoidance (CNN)
It's bad enough to be sick and miserable. But adding insult to injury for many a patient is having to hack through a veritable jungle of often-confusing paperwork to make health insurance claims.

Panel Easing Penalties for Those Without Insurance (New York Times)
The Senate Finance Committee moved to help people who would face financial burdens in buying even the cheapest insurance available.

Is swine flu covered by travel insurance? (USA Today)
USA TODAY's Laura Bly answers questions on whether travel insurance covers H1N1.

Medicare+Choice = insurance boon (The News & Observer)
The latest argument against the Baucus bill, and health-care reform generally, is that it is illegitimate to finance insurance subsidies for the uninsured via reductions in the amount of money that will go to Medicare if no change is enacted.

Intesa Sanpaolo May Sell Insurance Unit, Messaggero Reports (Bloomberg)
Oct. 2 (Bloomberg) -- Intesa Sanpaolo SpA may sell its insurance business as part of a plan to improve its capital ratios after refusing government aid, daily Il Messaggero reported, without saying where it got the information.

Black River man charged with insurance fraud (The Post-Standard)
Watertown, NY--New York State Police Thursday accused William S. Spellan, 54, of 30124 ST-3, Lot # 11, Black River, of taking approximately $3,539 from the New York State Unemployment Insurance while being employed.

In Your Corner: Insurance Frustration (Indiana's NewsCenter)
A Kendallville family says the insurance policy they chose didn't live up to it's promise. We found the company has a history of consumer complaints.

House Panel Releases Bill Creating Federal Insurance Office (Insurance Journal)
Congress got a look yesterday at a draft of legislation to create a federal insurance office that would work on international insurance issues as well as monitor the insurance industry and ...

Farmers' 21st Century Insurance hiring 100 in north Wilmington (The Delaware Business Ledger)
21st Century Insurance and Financial Services, a division of Farmers Insurance Groupis currently hiring over 100 positions including: call center Sales and Service Representatives and Information Technology professionals at their Wilmington, location.

IMF eyes bank failure insurance (The Globe and Mail)
Istanbul — The International Monetary Fund appears poised to throw its weight behind the idea of requiring banks to pay for financial crisis insurance.

Penn Treaty Liquidation Sought By State Insurance Regulator (Bloomberg)
Oct. 2 (Bloomberg) -- Penn Treaty Network American Insurance Co. , the provider of long-term care coverage to 120,000 customers, should be liquidated because the company may not have enough assets to pay obligations, Pennsylvania’s insurance regulator said.

Life insurance affordability (FOX Toledo)
We're continuing the life insurance topic, with a question from Gary from Rossford. He asks, "Should I buy term or whole life insurance?"

Lynn woman gets probation in insurance scam (The Daily Item)
BOSTON - A Lynn woman who participated in a scheme to collect on fraudulent auto insurance claims by staging multiple motor vehicle accidents was sentenced to five years probation Thursday.

5 steps to button-up your home insurance (ABC 2 Baltimore)
Time to take a home insurance check-up. Here's how!

ALL Kids Expands Eligibility For Children's Health Insurance Oct. 1 (Medical News Today)
The majority of the 78,000 uninsured children in Alabama will be eligible for health insurance coverage thanks to an expansion of the ALL Kids Children's Health Insurance Program to 300 percent of the federal poverty level effective Oct. 1.

Iran to privatize Alborz Insurance Company (Press TV)
Some 5 percent of Iran's state-run Alborz Insurance Company's shares will be floated on the stock market in line with the government's accelerated privatization policy.

Farmers' 21st Century Insurance hiring 100 in north Wilmington (The Delaware Business Ledger)
21st Century Insurance and Financial Services, a division of Farmers Insurance Groupis currently hiring over 100 positions including: call center Sales and Service Representatives and Information Technology professionals at their Wilmington, location.

Even with health overhaul, insurance premiums could be a stretch for middle-class Americans (Minneapolis-St. Paul Star Tribune)
WASHINGTON - Many middle-class Americans would still struggle to pay for health insurance despite efforts by President Barack Obama and Democrats to make coverage more affordable.

State Farm Insurance agent saves client's life (The Huntsville Times)
The man, 88 years old and on the floor of the insurance agency in southeast Huntsville, looked ashen. He had stopped breathing. Joe Demos, the insurance agent, feared he was dead.

Labor balks at excise tax on health insurance (The Buffalo News)
WASHINGTON -- There's a growing sense in some circles in Congress that one good way to make health insurance less expensive is to tax some of it.

Health Insurance Bills Could Be Hardship for Many (ABC News)
Even with health overhaul, insurance premiums could be a stretch for middle-class Americans

Insurance man accused of stalking ESPN's Andrews (AP via Yahoo! News)
An insurance man called "as regular a guy as you'll ever meet" was ordered back to California on Saturday to face charges that he stalked ESPN reporter Erin Andrews and video taped her nude by aiming a cell phone camera through an altered peephole in her hotel room door.

Health insurance bills could be hardship for many (AP via Yahoo! News)
Many middle-class Americans would still struggle to pay for health insurance despite efforts by President Barack Obama and Democrats to make coverage more affordable.

Brazil Meirelles: Self-Insurance Is Best Way With Reserves (Nasdaq)
ISTANBUL -(Dow Jones)- Brazilian central bank Governor Henrique Meirelles said Sunday that the financial crisis has shown that taking self-insurance against crisis is the best way forward.

National insurance scheme proposed for people with disabilities (Brisbane Times)
A NATIONAL insurance scheme for people with disabilities is on the radar for the Rudd Government after persistent warnings the existing system is in crisis.

Insurance costs to be a 'heavy lift' (The Washington Times)
Many middle-class Americans would still struggle to pay for health insurance despite efforts by President Obama and Democrats to make coverage more affordable. The legislation advancing in Congress would require all Americans to get insurance - through an employer, a government program or by buying it themselves. But new tax credits designed to help with premiums won't go far enough for everyone ...

1 IN 90 million Locals talk about not having health insurance (South Bend Tribune)
SOUTH BEND -- When Myrtha McKinney's employment at Madison Center was terminated in 2007, she lost not only her income, but her health insurance.

Affordability primary insurance concern (Aberdeen American News)
WASHINGTON -- Many middle--class Americans would still struggle to pay for health insurance despite efforts by President Barack Obama and Democrats to make coverage more affordable....

Insurance man accused of stalking ESPN's Andrews (The Bryan-College Station Eagle)
CHICAGO (AP) -- An insurance man called "as regular a guy as you'll ever meet" was ordered back to California on Saturday to face charges that he stalked ESPN reporter Erin Andrews and video taped her nude by aiming a cell phone camera through an alt ...

Insurance man accused of stalking ESPN's Andrews (Daily Record)
CHICAGO (AP) — An insurance man called "as regular a guy as you'll ever meet" was ordered back to California on Saturday to face charges that he stalked ESPN reporter Erin Andrews and made nude videos of her by aiming his cellphone camera through the peephole in her hotel room door.

Should kids have life insurance? (New York Daily News)
There's no question life insurance provides peace of mind for adults and their dependents, but it's a lot murkier whether it pays to buy a policy for your child.

Domestic violence blocks some health care insurance policies (Tacoma News Tribune)
Eight states and the District of Columbia don’t have laws that specifically bar insurance companies from using domestic violence as a pre-existing condition to deny health coverage, according to a study from the National Women’s Law Center.

Admiral Group Launched New Car Insurance Operation In The U.S (Nasdaq)
-The business, based in Richmond Virginia, will trade under the name of Elephant and will sell car insurance to U.S. customers direct by telephone and internet.

Insurance giant Aviva to float Dutch division (AFP via Yahoo! News)
Insurance giant Aviva on Monday announced plans for a partial stock market flotation of its Dutch subsidiary, Delta Lloyd, on Euronext Amsterdam next month.

Survey: Customers More Satisfied With Homeowners Insurance (Nasdaq)
CHICAGO -(Dow Jones)- It took a recession to make it happen, but consumers are finally beginning to appreciate their insurance companies.

Women target insurance 'gender gap' (UPI)
WASHINGTON, Oct. 5 (UPI) -- Women's advocates say they're looking to correct what they call a long-standing gender gap in insurance companies' treatment of female consumers.

Prison guard charged with grand larceny, insurance fraud (News 10 NBC Rochester)
A guard at a western New York prison is accused of bilking the state insurance fund...

Health care issues: Are insurance market changes enough to fix the health care system? (Minneapolis-St. Paul Star Tribune)
THE ISSUE: Are changes in the insurance industry enough to fix problems in the nation's health care system? THE POLITICS: To help expand health coverage, President Barack Obama is seeking changes to underwriting practices that can prevent Americans from obtaining affordable insurance.

Too sick for comprehensive health insurance? (CNN Money)
Forty-five-year-old Nancy Pessler is too sick to work full time. Instead, she has turned fighting her insurance company into a full-time job. Pessler, who lives in Cincinnati, Ohio, is one of so many Americans falling through the cracks in the health care debate.

Health care issues: Insurance market overhaul (San Francisco Chronicle)
A look at key issues in the health care debate: THE ISSUE: Are changes in the insurance industry enough to fix problems in the nation's health care system? THE POLITICS: To help expand health coverage, President Barack Obama is seeking changes to underwriting... Sponsored Topics: Barack Obama - Insurance - Health care - United States - President Barack Obama

Demand for Wis. health insurance plan overwhelming (AP via Yahoo! Finance)
Demand for a new Wisconsin insurance program offering coverage for poor, uninsured adults is so strong that enrollment will be frozen at the end of the week and new applicants will go on a waiting list.

TIAA-CREF Insurance Arm Stripped of Aaa by Moody’s (Update3) (Bloomberg)
Oct. 5 (Bloomberg) -- TIAA-CREF , the retirement-planning firm that manages about $363 billion, had the Aaa debt rating of its insurance arm stripped by Moody’s Investors Service after $4.1 billion of net losses in the 18 months ended June 30.

Can average folks afford mandatory insurance? (Minnesota Public Radio)
Some economists say the key to paying for health care reform is requiring everyone, including pizza delivery driver Dave Thomes, above, to buy insurance.

Duluth-based health insurance program expanding (Minnesota Public Radio)
A small Duluth program providing subsidized health insurance for low-income workers is expanding into much of Northeastern Minnesota.

Photo Release: Ocean Life Insurance Inaugurates Kris Assakul’s Statue and Ocean Life Insurance Training Center in Pak ... (Thaipr.net)
Former Finance Minister Nukul Prachuabmoh (3rd left) recently presided over the inauguration ceremony of Mr. Kris Assakul’s statue at Ocean Life Insurance Training Center in Pak Chong District, Nakhon

Insurance, busing top list of TCAPS cuts (Traverse City Record-Eagle)
A committee to suggest budget cuts for next year in Traverse City's public schools considers reviewing health insurance costs and combining bus services worth a closer look.

Berkshire, Aetna Jump Into Pet Insurance Market (TheStreet.com)
Berkshire Hathaway and Aetna are among companies trying to capitalize on demand for pet insurance.

Health insurance exchanges examined as part of reform proposals (News-Medical-Net)
Health insurance exchanges are part of every health care overhaul proposal now in Congress as Utah becomes just the second state to try its own exchange on for size.

Car Insurance: Rate Shopping Can Pay Off (WallStreet Journal via Yahoo! Finance)
But be warned: Your credit history may play a bigger role in your car insurance policy than your driving record.

State-Run Health Insurance Plans Gain Support (Fox News)
Some influential centrist Democrats in the Senate and a small group of Republicans are warming to a compromise that envisions health-insurance plans run by state governments