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Insurance News 01/2010



New Year money makeover: change your home insurance and save £122 (Daily Telegraph)
Moneysupermarket.com reckons you can cut the cost of their home insurance by £122, without cutting back on cover.

Comparatively, our homeowners insurance is cheap (Arizona Daily Star)
Lots of factors have helped keep homeowners-insurance premiums down in Arizona.

Car insurance bills to rise for Louisiana drivers (The Shreveport Times)
BATON ROUGE - Auto insurance rates will rise today for more than 1 million Louisiana motorists as a law increasing the required minimum liability coverage goes into effect.

Insurance mandate among new Wisconsin laws (The Appleton Post-Crescent)
A new state law allowing young adults to remain on their parents health insurance plans until age 27 is being met with mixed reviews.

Watchdog: Save €1,800 on insurance by shopping around (Irish Examiner)
CONSUMERS can shave up to €1,800 off their annual insurance bills by shopping around, according to the Financial Regulator.

Health Insurance Group Sees Rate Increases In New State Law (WCPN Cleveland)
The Ohio Association of Health Plans says lower rates for sick people could mean higher rates for everyone else. On January 1st, a new state law kicks in that will force health insurance companies to make coverage more affordable to Ohioans who have expensive illnesses like cancer and heart disease.

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.

Flood insurance option nears for residents (Morning Times)
NICHOLS — One of the first actions that Village of Nichols officials anticipate in the new year is deciding whether or not to participate in the National Flood Insurance Program, with the possibility that the Federal Emergency Management Agency could include the village in new floodplain mapping by 2011.

Insurance giant warns of rising costs due to climate change (Deutsche Welle)
A report by German insurance company Munich Re says 2009 was a year of relatively few natural disasters. But it warns that climate change remains a threat in 2010 and beyond, impacting on insurance costs.

New Law: Health Insurance Law Takes Effect Today (19 Action News Cleveland)
CLEVELAND,OH (WOIO) - A new law begins today throughout Ohio and it will make health insurance more affordable for thousands. The new law caps the rate insurance companies can charge someone with a pre-existing

Ways to wealth: Many questions regarding sale of life insurance (Memphis Commercial Appeal)
I recently answered a question about selling a large life insurance policy for cash. I have had many follow-up questions about the article, so I'm asking Ronnie Katz, president, Settlements for Life, 5350 Poplar, 683-5558, answer your questions. To recap from the previous article, someone can sell a life insurance policy through Settlements for Life for cash. It is a good alternative to cashing ...

Health insurance retail store coming to Tampa (St. Petersburg Times)
With more people looking for insurance, BlueCross is opening stores to attract them.

Mortgage Premium Insurance (BellaOnline)
Understanding morgages and insurance is difficult at best. This article will explore the meaning of mortgage insurance as well as a discussion about mortgage insurance tax deductions for 2009/2010

New Insurance Laws (KFYR-TV Bismarck)
North Dakota insurance agents will be facing the possibility of higher fines for violating state rules. The Legislature agreed to increase the maximum fine from $1000 to $10,000. The change takes effect today.

Opponents of a health insurance mandate mobilize (Los Angeles Times)
Both healthcare proposals approved by Congress require that all Americans get health insurance. That's now under fire from liberals, Republicans and even some in the insurance industry. If there is one thing in the proposed congressional healthcare overhaul that sets Michael Cannon's libertarian teeth on edge, it's the requirement that all Americans get health insurance.

Thoroughness, not haste, key in probe of clinic's insurance billing practices (Las Vegas Sun)
For all the health concerns triggered by the hepatitis C outbreak nearly two years ago, another matter related to the medical scandal has yet to be resolved: an investigation into possible insurance fraud.

Insurance mandate among new Wisconsin laws (The Oshkosh Northwestern)
A new state law allowing young adults to remain on their parents health insurance plans until age 27 is being met with mixed reviews.

Insurance firm grows fast anonymously (The Cincinnati Enquirer)
John Neace will be the first to say that selling insurance isn't very sexy. But taking an insurance agency from start-up to the 28th largest brokerage in the U.S.? That's kinda sexy.

Flood insurance option nears for residents (Morning Times)
NICHOLS — One of the first actions that Village of Nichols officials anticipate in the new year is deciding whether or not to participate in the National Flood Insurance Program, with the possibility that the Federal Emergency Management Agency could include the village in new floodplain mapping by 2011.

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.

Tax and insurance tips if you're renting out your home (Washington Post)
Q: I will be transferred to a new city soon for my job, but housing prices have dropped so much since we bought our house that we can't afford to sell it. Our only real option is to rent it out and wait for the market to recover. What do I need to know about insurance and taxes?

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.

Renters need insurance on belongings (Denver Post)
Just because you're renting doesn't mean you don't need to be insured. MetLife Auto & Home recently noted that an estimated two-thirds of renters don't buy insurance.

Saving money on car insurance (San Francisco Chronicle)
So you know all those ads claiming you can save a bundle on car insurance - with just a call or click of a mouse? Well, it's true. Bay Area Consumers' Checkbook and Checkbook.org evaluated auto insurance companies and found that most local drivers can save... Insurance - Vehicle insurance - Financial Services - Automotive - Business

Insurance mandate among new Wisconsin laws (The Oshkosh Northwestern)
A new state law allowing young adults to remain on their parents health insurance plans until age 27 is being met with mixed reviews.

Time to reconsider health insurance for over-65s (Scoop.co.nz)
The Health Funds Association of New Zealand (HFANZ) wants the Government to revisit its proposal for a health insurance rebate for those aged over 65, in the wake of a better economic outlook for 2010.

Best insurance? Carry full range (SouthtownStar)
Dear Dave, I've got auto insurance, but can you tell me what other kinds of insurance are good to have? ChrisDear Chris,The purpose of insurance is to transfer risk. Specifically, I'm talking about risk that you can't afford to take. Most people can't afford to have a heart attack and triple-bypass surgery. Having to pay for something like that completely out of pocket would bankrupt just about ...

Louisiana homeowners insurance is nation's third-most-expensive, study says (New Orleans Times-Picayune)
Insurance Commissioner Jim Donelon said 2007 was when the brunt of the rate increases after Hurricanes Katrina and Rita kicked in.

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.

Flood insurance option nears for residents (Morning Times)
NICHOLS — One of the first actions that Village of Nichols officials anticipate in the new year is deciding whether or not to participate in the National Flood Insurance Program, with the possibility that the Federal Emergency Management Agency could include the village in new floodplain mapping by 2011.

Homeowners forced to buy flood insurance after FEMA redraws maps (Los Angeles Times)
It's part of an ongoing effort to update the list of high-risk areas. But the changes have met with resistance from tens of thousands of Southern California residents now being forced to buy coverage. Tens of thousands of homeowners in Southern California are being forced to buy costly flood insurance because new maps issued by a federal agency say they live in a high-risk flood area.

Software AG Wins Clal Insurance Deal (Computer Business Online via Yahoo! UK & Ireland News)
Integration and application development company Software AG has won a multi-million dollar contract from Israel-based financial group Clal Insurance to provide its webMethods Business Process management suite as a strategic infrastructure to improve business processes.

Insurance firm's chief oversaw its expansion (The Toledo Blade)
James R. Stapleton, 68, chairman of the Stapleton Insurance Group in Sylvania, died Friday at Hospice of Northwest Ohio in Perrysburg Township. Death was caused by complications from choking Dec. 12 in a restaurant in Hillsdale County, Michigan, near Round Lake. He suffered the loss of oxygen to his brain for several minutes, his son, Byrne Stapleton, said. "It was kind of a shock. He was in ...

Flood insurance option nears for residents (Morning Times)
NICHOLS — One of the first actions that Village of Nichols officials anticipate in the new year is deciding whether or not to participate in the National Flood Insurance Program, with the possibility that the Federal Emergency Management Agency could include the village in new floodplain mapping by 2011.

After insurance costs rise, cancer hits (Orange County Register)
No other health plans would take Shari Carter because of pre-existing high blood pressure, so she turned to the state’s Major Risk Medical Insurance Program, which offers limited benefits to those who can’t get coverage elsewhere.

Risk & Insurance Online - Story (Risk & Insurance)
Spitzers AIG Emails (Wall St. Journal). It is available from Risk and Insurance Online at http://www.riskandinsurance.com/ width="117" align="center" style="border-style:none; background:lightgray; font-size:8px; cursor:pointer; vertical-align:middle;"> Email

Risk & Insurance Online - Story (Risk & Insurance)
Stormy times for global warmists (Forbes). It is available from Risk and Insurance Online at http://www.riskandinsurance.com/ width="117" align="center" style="border-style:none; background:lightgray; font-size:8px; cursor:pointer; vertical-align:middle;"> Email

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.

Maps Force Residents To Buy Costly Flood Insurance (CBS 2 Los Angeles)
New federal maps are forcing Southern California homeowners to buy costly flood insurance.

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.

Insurance-rate-hike foes can recoup legal fees (San Francisco Chronicle)
Consumer groups that successfully challenge insurance rate increases can recoup their legal fees from the insurers, even when the companies drop their requests or agree to a compromise, a state appeals court has ruled. The decision by the Second District... Insurance - Attorney's fee - Financial Services - Business - Appeal

Insurance-rate-hike foes can recoup legal fees (San Francisco Chronicle)
Consumer groups that successfully challenge insurance rate increases can recoup their legal fees from the insurers, even when the companies drop their requests or agree to a compromise, a state appeals court has ruled. The decision by the Second District...

Life insurance, the playground of foreign insurers (Vietnam Net)
VietNamNet Bridge – Despite great difficulties, 2009 was still a prosperous year for life insurance companies, most of which are foreign-invested. The next several years look even better.

Insurance Company Warns Manchester Of Possible Lawsuit Over Fallen Tree (Hartford Courant)
An insurance company's lawyer has warned town officials that they must pay for repairs to a home that was hit by a falling tree last year or face a lawsuit.

Another COBRA extension helps with health insurance (USA Today)
Thanks to some last-minute maneuvering by Congress, thousands of jobless workers will continue to receive affordable health insurance in 2010.

"Close insurance firm linked to missing P9-M policy forms" (The Daily Tribune)
Two major public transport groups yesterday called on the Land Transportation Franchising and Regulatory Board (LTFRB) and the Insurance Commission to suspend the operation of a private insurance company allegedly involved in the missing P9 million worth of insurance policy forms.

Labour in health insurance warning (Belfast Telegraph)
Hikes in health insurance bills for 1.4 million people will put more economic pressure on already hard-pressed households, Labour has claimed. Related Stories Traffic emissions must fall: Report Super slimmer picks up award London Zoo takes stock of animals Man quizzed on explosives find Cardinal Daly laid to rest

Trusted Choice Insurance (FOX Providence)
Thousands of Trusted Choice® insurance agencies offer a broad selection of Car Insurance, Homeowners and Renters Insurance, Life, Medical and Health Insurance, and Business Insurance policies.

Teachers buys AIG's Canada mortgage insurance unit (The Globe and Mail)
TORONTO (Reuters) - The Ontario Teachers' Pension Plan said on Tuesday it is buying AIG Inc's Canadian mortgage insurance business, which has assets of C$274 million ($263 million).

Investors urged to get insurance (Vietnam Net)
VietNamNet Bridge – Investors or bidders should buy insurance for their projects and take out third-party cover like other countries, said Nguyen Van Hiep, HCM City Construction Department deputy director.