Insurance News 10/2009 (Page 6)
Long-term care insurance program gains in House (AP via Yahoo! News)
House health care legislation expected within days is likely to include a new long-term care insurance program to help seniors and disabled people stay out of nursing homes, senior Democrats say.
(Oct 27, 2009)
Proposed long-term insurance program raises questions (Washington Post)
As congressional leaders haggle over the shape of a proposed government-run "public option" in health-care reform legislation, a quiet revolt is brewing against a different public insurance program -- a plan to create government insurance for long-term care.
(Oct 27, 2009)
Public Health Insurance Option (New York Times)
A new government insurance program, the so-called public option, would be created by all but one of the health care bills being considered by Congress. It was proposed by President Obama as a way of \
(Oct 28, 2009)
Moderate Democrats balk at Reid's public option for health insurance (Denver Post)
Democratic moderates who control the balance of power on health care legislation balked Tuesday at a government-run insurance option for millions of Americans, underscoring the enormity of the challenge confronting Senate Majority Leader Harry Reid one day after he unveiled the plan as a consensus product.
(Oct 28, 2009)
Washington Commissioner Wants Flood Insurance Law (Insurance Journal)
With some businesses in south King County finding it extremely difficult to buy enough flood coverage, Washington's top insurance regulator is calling for broader powers to intervene when a local ...
(Oct 28, 2009)
ING insurance downgraded (BusinessWorld Online)
THE HAGUE -- International ratings agency Moody's said yesterday it had downgraded ratings on the insurance business that Dutch group ING intends to split off under restructuring required by EU authorities.
(Oct 28, 2009)
Sheffield to Tout Regulatory Role in Georgia Insurance Commissioner Race (Insurance Journal)
Attorney Maria Sheffield has become the latest candidate to enter the Republican primary to be the next insurance commissioner in Georgia. She is one of several candidates hoping to succeed ...
(Oct 28, 2009)
Sector movers: Pru drags insurance sector lower (ShareCast)
LONDON (SHARECAST) - Life insurance stocks fall back after a dive in UK business sent Prudential’s group insurance sales down 9% during the third quarter.
(Oct 28, 2009)
Health care issues: The cost of health insurance (Minneapolis-St. Paul Star Tribune)
THE ISSUE: How much do Americans who have employer-sponsored health insurance pay in premiums? What do their employers pay? Would that change if the system is overhauled?
(Oct 28, 2009)
Reid Lacks Votes for Health Insurance Public Option (Bloomberg via Yahoo! News)
Oct. 28 (Bloomberg) -- U.S. Senate Democratic Leader Harry Reid doesn’t have the 60 votes he needs to win approval of a government-run health-insurance program.
(Oct 28, 2009)
Taiwan Government: NT$25 Billion-NT$30 Billion Health Insurance Plan For Aged (Nasdaq)
TAIPEI -(Dow Jones)- Taiwan's government is planning a long-term universal coverage insurance program for aged citizens, reflecting the fact they are expected to make up an increasing part of society, it said in a statement Wednesday.
(Oct 28, 2009)
Axa’s Nine-Month Sales Fall 2% on Life Insurance Policies (Bloomberg)
Oct. 29 (Bloomberg) -- Axa SA , Europe’s largest insurer, said nine-month sales fell 2 percent after the financial crisis curbed demand for life-insurance policies.
(Oct 29, 2009)
Axa Third-Quarter Sales Fall 2.3% on U.S. Life Insurance Demand (Bloomberg)
Oct. 29 (Bloomberg) -- Axa SA , Europe’s largest insurer, said third-quarter sales fell 2.3 percent after the financial crisis curbed demand for life-insurance policies in the U.S..
(Oct 29, 2009)
UniCare to stop selling health insurance in state (Chicago Sun-Times)
UniCare is pulling out of the health insurance market in Illinois and forcing roughly 180,000 enrollees to ultimately switch insurers. The company entered an agreement with Health Care Service Corp., which operates Blue Cross and Blue Shield Plans, to offer guaranteed replacement coverage to UniCare commercial group and individual members, UniCare parent WellPoint Inc. said Wednesday. For ...
(Oct 29, 2009)
Lack of insurance may have figured in nearly 17,000 childhood deaths, study shows (EurekAlert!)
( Johns Hopkins Medical Institutions ) Lack of health insurance might have led or contributed to nearly 17,000 deaths among hospitalized children in the United States in the span of less than two decades, according to research led by the Johns Hopkins Children's Center.
(Oct 29, 2009)
UniCare Leaves Illinois Health Insurance Market (CBS 2 Chicago)
More than 180,000 people in Illinois are about to lose their health insurance company.
(Oct 29, 2009)
NSW set for action on 'junk' insurance (Brisbane Times)
THE NSW Government is ready to take over the privately run mandatory home building insurance scheme, in an attempt to avert a crisis in the industry.
(Oct 29, 2009)
NSW set for action on 'junk' insurance (Sydney Morning Herald)
The NSW Government is ready to take over the privately run mandatory home building insurance scheme.
(Oct 29, 2009)
House Democrats to unveil health bill with government-run insurance, hefty sign-up requirement (Minneapolis-St. Paul Star Tribune)
WASHINGTON - The retooled health care overhaul plan that House Speaker Nancy Pelosi is set to unveil Thursday would extend coverage to millions and lets the government sell insurance in competition with private insurers — although not the way liberals want.
(Oct 29, 2009)
Pelosi: Lawmakers close to making affordable health insurance available to all Americans (KHQ Spokane)
Pelosi: Lawmakers close to making affordable health insurance available to all Americans.
(Oct 29, 2009)
17,000 Child Deaths Linked to Lack of Insurance (HealthDay via Yahoo! News)
THURSDAY, Oct. 29 (HealthDay News) -- An estimated 17,000 children in the United States might have died unnecessarily over nearly two decades because they didn't have health insurance, according to a report from researchers at Johns Hopkins Children's Center in Baltimore.
(Oct 29, 2009)
Dental Discount Plans Beat Insurance (Forbes)
Everyone wants to sell you dental insurance. But a discount plan is a better bet.
(Oct 29, 2009)
Gov't insurance plan wouldn't draw the masses (AP via Yahoo! News)
Congressional budget umpires say a government health insurance plan that's been a rallying cry for Democrats would not be a big draw with the public.
(Oct 29, 2009)
Colorado employers see 11.8% hike in cost of health insurance (Denver Post)
Colorado business owners say the cost of offering health insurance to employees has climbed 11.8 percent compared with a year ago, according to a new survey.
(Oct 30, 2009)
Study links lack of health insurance to children's deaths (Denver Post)
An analysis of 23 million hospital records from 37 states shows that a lack of health insurance probably played a role in the deaths of nearly 17,000 U.S. children over a 17-year period.
(Oct 30, 2009)
Orchard Park board to drop insurance for members (The Buffalo News)
The Orchard Park Town Board is expected to approve a measure next month to eliminate health insurance for future members.
(Oct 30, 2009)
Major Changes to Health Insurance in Wisconsin (TMJ4 Milwaukee)
State Insurance Commissioner Sean Delwig says that kids up to age 27 can be covered under their parents plans, but he says there are a few caveats.
(Oct 30, 2009)
Study Blames 17,000 Deaths On No Insurance (WJXT Jacksonville)
Researchers said in a news release that a lack of health insurance might have contributed to the deaths of 17,000 hospitalized children in the U.S. over 20 years.
(Oct 30, 2009)
Fairfax says insurance market still soft (Reuters via Yahoo! Canada News)
Fairfax Financial Holdings Ltd said on Friday the insurance market remains soft and that the company continues to put a priority on maintaining a strong financial position rather than on expending capital.
(Oct 30, 2009)
Kingsway completes sale of Zephyr Insurance (Investment Executive)
Kingsway Financial Services Inc. has closed the US$31.5 million sale of its Zephyr Insurance Company, Inc. subsidiary, the company said Friday. Zephyr’s buyer is Zephyr Acquisition Company, an acquisition vehicle of Ocean Harbor Holding Inc. and MP Holdings LLC, a Hawaiian-based investor group.
(Oct 30, 2009)
Citizens gets 5.4 percent Fla. insurance rate hike (AP via Yahoo! News)
State-backed Citizens Property Insurance Corp. has won approval to raise rates by an average of 5.4 percent for homeowner coverage that includes hurricane damage, except in high-risk coastal areas where premiums will be revised later.
(Oct 30, 2009)
Vets claim pet insurance is your soundest policy (Miami Herald)
Q: I've been seeing lots of ads for pet insurance but I'm not sure whether I should get it for our new puppy. The hospital we go to offers a plan but it's only for basic care at one place. Do you have an opinion?
(Oct 31, 2009)
Pimentel hits deceptive insurance firms (Manila Bulletin)
Consumers have found an ally in a lawmaker and an insurance executive in their quest for coverage against losses brought about by “Acts Of God” (AOG) such as flood and earthquake.
(Oct 31, 2009)
Travel Insurance Will Cover Many Emergencies Abroad (The Morning Call)
A muddy stoop and a gaggle of chickens outside a makeshift hospital in Cancun was enough to convince Amanda Klimak of the value of travel insurance. It was the early 1990s, and Klimak, who had been dancing the night away, slipped and tore a ligament in her knee.
(Oct 31, 2009)
RBS pressured to sell insurance (Sky News Australia)
RBS has come under pressure to sell Direct Line insurance as part of a state aid deal with Brussels, Sky News sources say.
(Oct 31, 2009)
RBS under pressure to sell insurance (BigPond News)
RBS has come under pressure to sell Direct Line insurance as part of a state aid deal with Brussels.
(Oct 31, 2009)
Unions push for income insurance (The Age)
Unions have criticised the dole as ''woefully inadequate'' and are demanding greater assistance from the Government and employers, including the possibility of a national income insurance scheme.
(Oct 31, 2009)
Health insurance bill awaits governor's signature (WBBM Newsradio 780 Chicago)
Health insurance reform is alive in Illinois.
(Oct 31, 2009)
Insurance Dept. partners with Central Delaware Chamber to promote workplace safety program (The Delaware Business Ledger)
Delaware Department of Insurance (DOI) Commissioner, Karen Weldin Stewart, announced an agreement with the Central Delaware Chamber of Commerce (CDCC) whereby the CDCC will promote the Department’s Workplace Safety Program to its membership.
(Oct 31, 2009)
Brown under fire for 'gift' to Mercury Insurance (San Mateo County Times)
Attorney General Jerry Brown is facing accusations that he cleared the way for a ballot measure summary that was favorable to an insurance company that has contributed to his campaign coffers.
(Oct 31, 2009)
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