Insurance News 12/2009 (Page 6)
CITY'S INSURANCE VOTE MUST BE OPEN (Niagara Falls Review)
As I understand it, there is an open tender to insurance brokers to bid for the City of Niagara Falls insurance renewal.[...]
(Dec 26, 2009)
In Telluride, a struggle between providers and insurance companies (Telluride Daily Planet)
As the Senate passed a landmark health care bill in Washington that extends coverage to millions, the Telluride Medical Center wages its own battles, hoping to wring better deals from insurance companies.
(Dec 26, 2009)
Insurance agents donate to Make-A-Wish (The Progress)
The Independent Insurance Agents and Brokers of New Jersey (IIABNJ) made a donation of $40,000 to the Make-A-Wish Foundation of New Jersey. The contribution was raised through a series of events including the 15th Annual Trusted Choice Charity Golf Classic held at Forsgate Country Club in Monroe Township, May 5. Additional funds were raised through IIABNJ local county golf outings and the ...
(Dec 26, 2009)
Makeshift bomb damages insurance building in Athens (Reuters via Yahoo! News)
A makeshift bomb went off late on Sunday outside the offices of National Insurance company in central Athens causing damage to the building and nearby cars but no injuries, police said.
(Dec 27, 2009)
House backers of public insurance option may yield (AP via Yahoo! News)
Two House Democrats who favor a government insurance plan, a central element of health care legislation passed in their chamber, acknowledged Sunday it might have to be sacrificed as negotiators work out a final agreement with the Senate.
(Dec 28, 2009)
House Democrats pessimistic about government insurance plan surviving talks with Senate (Minneapolis-St. Paul Star Tribune)
WASHINGTON - House Democrats aren't optimistic that a government insurance plan, a central element of health care legislation passed in their chamber, will survive negotiations with the Senate.
(Dec 28, 2009)
Mississippi to Block Coast-Only Insurance Rate Filings (Insurance Journal)
Mississippi Insurance Commissioner Mike Chaney said he's taking steps aimed at discouraging companies from seeking higher rates for the Gulf Coast or other specific areas of Mississippi. Chaney ...
(Dec 28, 2009)
What to look for in your auto insurance policy (Purcell Register)
(ARA) - More than 186 million cars are on the road in the United States, according to The Insurance Information Institute. Most states require drivers to purchase auto liability insurance before they can legally drive a car.
(Dec 28, 2009)
Insurance company to Gloucester: No coverage (Daily Press)
An attempt to collect $171,000 through insurance coverage to reimburse county coffers for legal fees racked up by four Gloucester supervisors has been denied by the Virginia Association of Counties Risk Management Programs.
(Dec 28, 2009)
Consumer complaints help reverse insurance company decisions (Utica Daily News)
NEW YORK, December 28, 2009 -- The New York State Insurance Department today announced that it has directed two insurance companies, Homesite Insurance Company and Security Mutual Insurance Company, to offer to reinstate 260 homeowners' policies across the state.
(Dec 28, 2009)
USDA Releases First Draft of Proposed Crop Insurance Agreement (AG Weekly)
WASHINGTON - USDA's Risk Management Agency (RMA), which administers the Federal crop insurance program, released the first draft of a proposed new Standard Reinsurance Agreement between the Federal Crop Insurance Corporation and the crop insurance companies which deliver the program nationally.
(Dec 28, 2009)
Running for coverage: Even newly minted grads who can find a job may find that comprehensive health insurance is no ... (Miami Herald)
For young college graduates, the realities of health insurance can be a rude awakening. As employers seek to cut costs in a tight economy, a job with healthcare benefits can be tough to find. But young people who have spent most of their lives on their parents' policies may be ill-equipped for the complex process of choosing among individual plans.
(Dec 28, 2009)
Insurance industry on growth track (Business Times (Malaysia))
THE year 2009 kick-started the last leg of the 10-year Financial Sector Masterplan (FSMP), which saw the government further liberalising the insurance industry. The liberalisation initiatives did not come as a surprise to the industry as these were already mapped out in the masterplan. Most industry players had initiated measures to capitalise on the liberalisation and have seen announcements by ...
(Dec 28, 2009)
Imperial Sugar to Record Gain From Insurance Claim (Update1) (Bloomberg)
Dec. 28 (Bloomberg) -- Imperial Sugar Co. , the third- largest U.S. sugar processor, said it will have a first-quarter gain after settling a property-insurance claim for the 2008 accident at its Port Wentworth, Georgia, refinery for $345 million.
(Dec 29, 2009)
Many Jobless Fall Through Insurance Safety Net (WallStreet Journal via Yahoo! Finance)
The government is expanding a safety net to help the unemployed buy health insurance, but millions don't have access to the aid because of how Cobra was designed.
(Dec 29, 2009)
Health bills nudge US on long-term care insurance (AP via Yahoo! News)
Most people don't buy long-term care insurance. They simply don't want to think about moving into an assisted living center or hiring a stranger to bathe them.
(Dec 29, 2009)
$250,000 in bank? Check deposit insurance (San Francisco Chronicle)
Businesses and individuals with more than $250,000 in a checking account should check to see whether they will continue to be fully insured. After the end of this year, many banks, including some of the nation's largest, will no longer participate in a... Bank - Deposit insurance - Insurance - Financial services - Transactional account
(Dec 29, 2009)
$250,000 in bank? Check deposit insurance (San Francisco Chronicle)
Businesses and individuals with more than $250,000 in a checking account should check to see whether they will continue to be fully insured. After the end of this year, many banks, including some of the nation's largest, will no longer participate in a... Bank - Insurance - Deposit insurance - Government - Finance
(Dec 29, 2009)
Brown Pushes To Relax Health Insurance Regulations (WBUR Boston)
State Senator Scott Brown is sponsoring legislation that would release health insurance plans in Massachusetts from covering some health care.
(Dec 29, 2009)
ING Sells Stake In Pacific Antai Life Insurance To CCB (Insurance Business Review)
To cover the risk of earthquakes in California over next three years ... To help insurance customers reduce driving risk and lower vehicle operating costs ...
(Dec 29, 2009)
Health insurance on board agenda (Logan Herald-Observer & Woodbine Twiner)
Tim Sproul, Director of the Harrison County Conservation Board and a member of the county insurance committee, updated the Board of Supervisors Dec. 10, on the Nov. 24 meeting held with Silverstone Group. The county has contracted with Silverstone Group for several years to negotiate renewals of health insurance.
(Dec 29, 2009)
NDSU Files Insurance Claim (KQCD-TV Dickinson)
North Dakota State University has filed a $500,000 insurance claim for the collapse of a portion of 100-year-old Minard Hall on campus. A section of the north side of the four-story building gave way early Sunday, apparently because nearby excavation weakened the soil around the foundation.
(Dec 29, 2009)
Little-known insurance freebies: cash rewards, gym memberships and more (KMIR 6 Palm Springs)
It's no secret that health care is getting more expensive. Americans spend about two trillion dollars each year in hospitals and doctors' offices, leaving insurance companies to pick up the tab. And with the baby boomers now nearing retirement, those costs are bound to go higher.
(Dec 29, 2009)
Magnolia Insurance placed under state supervision (AP via Yahoo! News)
Florida insurance regulators have taken over supervision of a struggling South Florida based property insurer.
(Dec 29, 2009)
Magnolia Insurance placed under state supervision (AP via Yahoo! Finance)
Florida insurance regulators have taken over supervision of a struggling South Florida based property insurer. Regulators confirmed Tuesday that Coconut Grove-based Magnolia Insurance is financially troubled and that its president, H.
(Dec 29, 2009)
Former NM insurance regulator's convictions upheld (AP via Yahoo! News)
A federal appeals court on Tuesday upheld former state insurance regulator Joe Ruiz's corruption convictions.
(Dec 29, 2009)
Former NM insurance regulator's convictions upheld (AP via Yahoo! Finance)
A federal appeals court on Tuesday upheld former state insurance regulator Joe Ruiz's corruption convictions. Ruiz was convicted last year of soliciting charitable donations from insurance companies in exchange for reducing regulatory fines.
(Dec 29, 2009)
Plan to sell piece of State Compensation Insurance Fund collapses (Los Angeles Times)
The proposal, part of Gov. Arnold Schwarzenegger's effort to help fill California's $20-billion budget hole, is tied up in court after Insurance Commissioner Steve Poizner sues. A plan to fill last summer's $20-billion budget hole in part by selling a chunk of the state-run workers' compensation company is now so bollixed up in court that it's hampering Gov. Arnold Schwarzenegger's effort to ...
(Dec 30, 2009)
Uganda to List 40% Stake in National Insurance, Monitor Reports (Bloomberg)
Dec. 30 (Bloomberg) -- Uganda’s government will sell its 40 percent stake in National Insurance Corp. by listing it on the nation’s stock exchange, the Daily Monitor reported, citing the company.
(Dec 30, 2009)
California insurance regulators fine Medina company (Akron Beacon Journal)
California insurance regulators fine Medina company
(Dec 30, 2009)
Close gates on insurance rates (Belleville News-Democrat)
Property owners in our area's flood plain are starting to understand the huge costs in store for them if something isn't done to protect them not just from floods but from flood insurance rates.
(Dec 30, 2009)
Greek Anarchists Claim Insurance Company Bombing (Insurance Journal)
A radical Greek anarchist group claimed responsibility Monday for an overnight bomb attack that damaged an insurance company headquarters in central Athens, and pledged to step up its bombing ...
(Dec 30, 2009)
Aviva Life Insurance launches new products (Central Chronicle)
United News of India Mumbai, Dec 30: Aviva Life Insurance announced today the launch of nine new unit-linked plans including one of the market leading child, pension and savings products with 14 new fund options covering savings, retirement, protection and investment needs of all customers.
(Dec 30, 2009)
Car insurance bills to rise for Louisiana drivers (AP via Yahoo! News)
Auto insurance rates will rise Friday for more than 1 million Louisiana motorists as a law increasing the required minimum liability coverage goes into effect.
(Dec 30, 2009)
Ohioans paid more for homeowner insurance in 2007 (AP via Yahoo! News)
The Ohio Department of Insurance says that on average Ohioans paid slightly more for homeowners insurance in 2007 than in 2006.
(Dec 30, 2009)
Ex-Ga. player's injury insurance lawsuit dismissed (AP via Yahoo! News)
A judge dismissed a lawsuit filed by a former University of Georgia football player who claimed the school's athletic department failed to secure him an insurance policy that would have paid out $500,000 if he suffered a career-ending injury.
(Dec 30, 2009)
Uganda’s National Insurance Selling Stock at 45 Shillings Each (Bloomberg)
Dec. 31 (Bloomberg) -- Uganda’s National Insurance Corp.
(Dec 31, 2009)
Government insurance for long-term care likely to slip into final healthcare bill (Los Angeles Times)
The plan would let any employee pay into the program and later receive benefits for in-home assistance to the elderly and disabled. The proposal has drawn majority opposition but little attention. A government insurance plan to provide in-home assistance to the elderly and disabled is poised to become law despite a majority of senators voting against including the proposal in the healthcare ...
(Dec 31, 2009)
Ohio's home-insurance premiums sixth-lowest in nation (The Columbus Dispatch)
The yearly rate Ohioans paid for homeowners insurance rose $6 between 2006 and 2007 to $548, ranking the state sixth-lowest for such premiums, the National Association of Insurance Commissioners said.
(Dec 31, 2009)
Weighing term vs. cash value insurance (The Cincinnati Enquirer)
I recently received an e-mail from a 56-year-old woman who had a term-insurance policy that was about to leap in premium. The initial, guaranteed-level premium was about to end. And her $200,000 policy was going to cost $2,300 next year and successively higher and successively steeper amounts every year thereafter.
(Dec 31, 2009)
2 Arrested For Bay Area Insurance Fraud (CBS 5 Bay Area)
Two Bay Area residents have been arrested on suspicion of committing felony automobile insurance fraud in connection with a February crash in Milpitas, state Insurance Commissioner Steve Poizner announced Wednesday.
(Dec 31, 2009)
Florida Doctors Insurance Company Acquires Physicians Preferred Insurance Company and Physicians Preferred Insurance ... (dBusinessNews.com)
JACKSONVILLE--Florida Doctors Insurance Company (FLDIC) announced today it has successfully completed a merger and acquisition of Physicians Preferred Insurance Company (PPIC), making FLDIC the fourth largest admitted writer of physicians and surgeons medical professional liability insurance in Florida.
(Dec 31, 2009)
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