Insurance News Feb 2010
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Ben Crane's victory at Farmers Insurance Open is newsworthy
He wins the tournament by one shot, earning some positive publicity after being falsely quoted as calling Tiger Woods a 'phony' for his extramarital affairs. Ben Crane made birdie putts of 23 and 46 feet in the first five holes. He knocked down a 47-footer for birdie on the 11th hole. He took over the lead of the Farmers Insurance Open at the Torrey Pines South Course on the second hole. (Mon, 01 Feb 2010 02:30:05 GMT)
States Seeking to Ban Mandatory Health Insurance
Despite federal stalemate, state lawmakers pursuing measures banning health insurance mandates Health insurance - Insurance - Financial services - Health - Business (Mon, 01 Feb 2010 11:25:05 GMT)
States Seeking to Ban Mandatory Health Insurance
Conservative lawmakers in many states are forging ahead with constitutional amendments to ban government health insurance mandates. (Mon, 01 Feb 2010 11:35:54 GMT)
States seeking to ban mandatory health insurance
Although President Barack Obama's push for a health care overhaul has stalled, conservative lawmakers in about half the states are forging ahead with constitutional amendments to ban government health insurance mandates. The proposals would assert a state-... Barack Obama - Health insurance - Health care - Health insurance mandate - Insurance (Mon, 01 Feb 2010 11:39:49 GMT)
Khon Khaen trial for Japanese weather-risk insurance
Japan's Sompo Japan Group, which recently launched the world's first Weather Insurance Index in Khon Kaen, looks to expand the scheme, based on sales results. (Mon, 01 Feb 2010 12:37:50 GMT)
States seeking to ban mandatory health insurance
Although President Barack Obama's push for a health care overhaul has stalled, conservative lawmakers in about half the states are forging ahead with constitutional amendments to ban government health insurance mandates. (Mon, 01 Feb 2010 13:28:10 GMT)
Insurance Regulators in Ind. Reject Climate Regulation; Some Others Appear 'Lukewarm'
Indiana officials will not impose climate regulations on insurance companies, making it the first state to abandon the landma... (Mon, 01 Feb 2010 13:42:20 GMT)
Financial Planning Firm Acquires Philadelphia Insurance Agency
EAGiL Financial Group LLC, a national corporate and personal financial planning firm specializing in estate planning announced the formal acquisition of the Goebel Insurance Agency. The agency, which offers a full line of insurance products from property/casualty to life and business insurance, will operate under the EAGiL Vision Platform. (Mon, 01 Feb 2010 14:23:34 GMT)
Risk & Insurance Online - Story
Asteroid Insurance (Daily Planet). 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 (Mon, 01 Feb 2010 15:13:05 GMT)
Obama budget pushes health insurance reforms
Despite stalled efforts in Congress to pass sweeping healthcare reform, the White House is targeting other ways to push its overhaul, including a health insurance tax deduction, according to the administration's budget proposal released on Monday. (Mon, 01 Feb 2010 15:15:59 GMT)
States seeking to ban mandatory health insurance
Although President Barack Obama's push for a health care overhaul has stalled, conservative lawmakers in more than two-thirds of the states are forging ahead with constitutional amendments to ban government health insurance mandates. (Mon, 01 Feb 2010 22:18:15 GMT)
White House proposes increase in FDIC deposit insurance fund
The Obama administration wants to increase the size of the insurance fund that repays depositors in failed banks, a step that would require all banks to pay larger fees to the Federal Deposit Insurance Corp. (Tue, 02 Feb 2010 05:00:00 GMT)
Virginia Senate bills say no to requiring health insurance
RICHMOND -- Virginia's Democratically controlled state Senate passed measures Monday that would make it illegal to require individuals to purchase health insurance, a direct challenge to the party's efforts in Washington to reform health care. (Tue, 02 Feb 2010 05:00:00 GMT)
Bank Debt Swaps Exceed Corporate Insurance by Most Since Lehman
Feb. 2 (Bloomberg) -- The cost to protect against losses on European bank bonds jumped above insurance on company debt by the most since the collapse of Lehman Brothers Holdings Inc. amid concern that government budget woes will spread to lenders. (Tue, 02 Feb 2010 09:22:52 GMT)
Daimler teams up with Allianz for insurance
German carmaker Daimler AG said Tuesday it has partnered with German insurer Allianz SE to increase its insurance offerings to car customers across a greater number of markets. (Tue, 02 Feb 2010 10:43:42 GMT)
Allianz, Daimler Sign Automotive Insurance Deal
Allianz, Daimler Sign Automotive Insurance Deal (Tue, 02 Feb 2010 10:47:52 GMT)
Insurance chief's museum donation
The millionaire head of insurance firm Admiral is to put a large sum of his money into helping to fund a new museum for Cardiff. (Tue, 02 Feb 2010 12:40:14 GMT)
Spotting Questionable Health Insurance Plans
Watchdogs worried about two different kinds of health insurance plans. Health insurance - Insurance - Health - United States - Financial Services (Tue, 02 Feb 2010 13:55:13 GMT)
Phil Mickelson got all the headlines at the Farmers Insurance Open, but not for anything he did on the course
Phil Mickelson induces many emotions, but boredom is not one of them, which we were reminded of yet again during the melodrama at last week's Farmers Insurance Open in La Jolla, Calif. Mickelson made his feverishly anticipated season debut at Torrey Pines, returning to a Tour in desperate need of his star power and good-guy virtues. For a couple of days it was a veritable love-in, beginning with ... (Tue, 02 Feb 2010 15:40:05 GMT)
Insurance Australia Shares Jump on Increased Insurance Margin
Feb. 3 (Bloomberg) -- Insurance Australia Group Ltd. surged the most in more than two months in Sydney trading after the company increased its insurance margin forecast citing fewer natural disaster payouts and a favorable move in credit spreads. (Wed, 03 Feb 2010 01:10:58 GMT)
Explosion at Darwin Insurance Office Injures Six (Update1)
Feb. 3 (Bloomberg) -- Six people were injured in an explosion at an insurance office in the northern city of Darwin, Australian police said today. The incident occurred at the Territory Insurance Office at 11 a.m. local time, Northern Territory police said, without providing further details. (Wed, 03 Feb 2010 04:15:31 GMT)
Insurance Australia Shares Jump on Increased Margin (Update1)
Insurance Australia Group Ltd. surged the most in more than two months in Sydney trading after the company increased its insurance margin forecast following fewer natural disaster payouts. (Wed, 03 Feb 2010 07:09:30 GMT)
Explosion at Darwin Insurance Office Injures 15 (Update1)
Feb. 3 (Bloomberg) -- Fifteen people were admitted to hospital in the northern Australian city of Darwin today after an explosion at an insurance office, officials said. (Wed, 03 Feb 2010 08:43:31 GMT)
IAG's insurance margin jumps
IAG says it expects its full-year insurance margin will be better than previously forecast. (Wed, 03 Feb 2010 10:24:54 GMT)
Auto insurance fraud on rise in New York State - and motorists are paying the bill
Auto insurance fraud is beginning to soar in New York - and so are drivers' rates. The Daily News has learned suspected fraud cases have jumped 33% since 2006. (Wed, 03 Feb 2010 11:58:17 GMT)
Motorists, brace yourself for the biggest insurance hike since indexes began
Motor insurance premiums are up 20%, driven by increases in litigation, fraud and personal injury claims Motorists whose car insurance policies are due for renewal should prepare themselves for the biggest blow to their wallets in history. According to the AA British Insurance Premium Index published last week, the average quoted premium for comprehensive motor cover saw a 18.7% hike on this ... (Wed, 03 Feb 2010 12:49:13 GMT)
Health insurance guarantee plan
Proposals to guarantee health insurance for UK-bound Manx residents could be brought before Tynwald next month. (Wed, 03 Feb 2010 15:18:49 GMT)
Sanford Health Plan given OK to provide insurance in North Dakota
FARGO - Sanford Health has been approved to provide insurance in North Dakota in a decision announced this morning by the state's Insurance Department. (Wed, 03 Feb 2010 15:40:17 GMT)
MetLife: In talks with AIG for insurance unit
Shares of MetLife slid Wednesday, a day after the insurer confirmed that it's in talks with American International Group Inc. about buying the American Life Insurance Company. (Wed, 03 Feb 2010 15:56:35 GMT)
Okla. St. sues insurance company over fundraising
Billionaire booster T. Boone Pickens and the fundraising arm of Oklahoma State's athletic department are suing a life insurance company over a program aimed at bringing in millions of dollars, the university announced Wednesday. Oklahoma State said it hoped to recover some of the $33.3 million in premiums it paid Lincoln National Life Insurance Co. (Thu, 04 Feb 2010 04:02:49 GMT)
OK State sues insurance company over fundraising
Billionaire booster T. Boone Pickens and the fundraising arm of Oklahoma State's athletic department are suing a life insurance company over a program aimed at bringing in millions of dollars. (Thu, 04 Feb 2010 04:49:05 GMT)
Traders advised, get forex insurance
Exporters as well as importers should buy foreign exchange insurance to cover the continuing fluctuation of the Thai baht and other regional currencies, Bank of Thailand assistant governor Suchada Kirakul said on Thursday. (Thu, 04 Feb 2010 09:39:09 GMT)
Insurance Stocks Suffer Rising 'Short' Interest
Insurance stocks surged last year, but they've stumbled in 2010. Here are five stocks that are increasingly being viewed by investors as losers. (Thu, 04 Feb 2010 10:16:05 GMT)
Maine panel hears health insurance bill
One of the strongest supporters of a bill to prohibit health insurance companies from setting annual and lifetime limits on the amounts they will pay couldn't be at a legislative hearing on the measure Wednesday because he has cancer and was getting a blood transfusion. (Thu, 04 Feb 2010 13:03:03 GMT)
State Farm Seeks Auto Insurance Rate Hike
By Jeff Harrington St. Petersburg Times Cost-sensitive Floridians have another increase to worry about: The price for auto insurance is trending up. (Thu, 04 Feb 2010 13:22:47 GMT)
Surfside Officer Accused Of Insurance Fraud
A Surfside police officer is off the job after being accused of fraud. Officer Woodward Brooks reportedly assistance in insurance fraud by assigning case numbers to corroborate false claims. He would then reportedly receive a kick back for his actions. (Thu, 04 Feb 2010 14:58:58 GMT)
Questionable Health Insurance Plans Cause Concern
Officials worry that people with no insurance will be drawn in by questionable health insurance plans. ABC News reports: The "[h]ealth care overhaul is stalled, resulting in a proliferation of plans that don't fully protect people, officials said. Watchdogs worry about two kinds of plans in particular." They point to the health discount cards "that say they get you cut rates on medical services ... (Thu, 04 Feb 2010 15:21:21 GMT)
Okla. St. sues insurance company over fundraising
Billionaire booster T. Boone Pickens and the fundraising arm of Oklahoma State's athletic department are suing a life insurance company over a program aimed at bringing in millions of dollars, the university announced Wednesday. (Thu, 04 Feb 2010 15:55:16 GMT)
Klinedinst Joins Cincinnati's R. G. McGraw Insurance Agency
Tom Klinedinst III has joined Cincinnati, Ohio-based R. G. McGraw Insurance Agency as marketing and production manager for commercial lines. Klinedinst brings 21 years of experience in commercial ... (Thu, 04 Feb 2010 15:57:02 GMT)
How Much Life Insurance Do You Need?
To put it simply, life insurance protects those who depend on your paycheck. If you die prematurely, life insurance provides your dependents with ongoing income to replace yours, until (or unless) they can live comfortably without it. It can also provide a timely emergency fund for medical, legal, and funeral costs, should family savings not be adequate to cover them. (After all, that golf ... (Thu, 04 Feb 2010 15:59:23 GMT)
Insurance co. claims Okla St can't recover $33M
The insurance company sued by billionaire booster T. Boone Pickens and Oklahoma State's athletic fundraising foundation claims the university breached its contract and has no right to recover $33 million in premiums. (Thu, 04 Feb 2010 22:47:22 GMT)
UPDATE: Bank of Beijing Cleared To Buy Into ING Insurance JV
UPDATE: Bank of Beijing Cleared To Buy Into ING Insurance JV (Fri, 05 Feb 2010 06:57:49 GMT)
Dems pursue Plan B: lifting health-insurance antitrust shields
With comprehensive health care reform on ice for the moment, House Democrats are going with Plan B, starting with a bill to be introduced today to remove the antitrust exemption now enjoyed by health-insurance companies. (Fri, 05 Feb 2010 08:14:37 GMT)
Resolution says prioritises insurance deals
Takeover vehicle Resolution said it was prioritising deals in the insurance sector, after a newspaper reported it might bid for parts of bailed-out lender Royal Bank of Scotland. (Fri, 05 Feb 2010 10:44:00 GMT)
Grant to help unemployed Mainers pay insurance
The U.S. Department of Labor is releasing $880,000 to provide partial premium payments for health insurance coverage for 800 workers. (Fri, 05 Feb 2010 10:54:06 GMT)
Mortgage insurance won't last forever
Mortgage insurance premium payments will not hound a homeowner forever. (Fri, 05 Feb 2010 11:00:00 GMT)
Mississippi Homeowners Learning How Credit Score Affects Insurance Premium
Mississippi Gulf Coast policyholders are well aware a hurricane is guaranteed to hike insurance rates, but fewer realize their credit reports also are factored into homeowner and automobile ... (Fri, 05 Feb 2010 13:56:51 GMT)
Tyson gets insurance proceeds from Jefferson flood
Insurance proceeds from flood damage at the Tyson Foods plant in Jefferson helped boost the company's bottom line in the fiscal first quarter. (Fri, 05 Feb 2010 14:51:10 GMT)
Imperial Sugar posts profit on insurance claims
Imperial Sugar Co. said Friday that its fiscal first quarter profit more than doubled on an insurance settlement over the deadly 2008 explosion at a plant in Georgia. (Fri, 05 Feb 2010 17:24:26 GMT)
Couple In Dispute With Insurance Over Roof
A homeowner's insurance dispute over a leaky roof has an area couple shopping for a lawyer. (Sat, 06 Feb 2010 04:09:11 GMT)
Pizzerias urged to boost insurance for drivers
For pizza fans, Super Bowl Sunday rates up there with Halloween and the day before Thanksgiving as one really big day. For the pizzerias that deliver, it's also a big reason for insurance coverage. (Sat, 06 Feb 2010 07:42:18 GMT)
Sentence issued in local insurance fraud case
Bradley D. Buchanan was sentenced to 12 to 32 months suspended sentence, placed on probation and ordered to pay $5,000 in restitution for felony insurance fraud, Nevada Attorney General Catherine Cortez Masto announced Friday. (Sat, 06 Feb 2010 08:15:48 GMT)
To help budget, Bartlesville to charge insurance companies for some fire runs
The latest move to close the gap in the city's budget is to charge insurance companies a fee for fire runs made outside the city limits. (Sat, 06 Feb 2010 08:44:48 GMT)
Dalhousie home insurance rates could soar
Changes in the structure of Dalhousie's fire department could have a serious impact on insurance rates in the town. (Sat, 06 Feb 2010 10:19:51 GMT)
FSB puts the squeeze on Orange over unpaid insurance claims
The Financial Services Board (FSB) came down hard on Orange Insurance this week, suspending the company's financial services provider (FSP) licence with immediate effect until its management can quantify the company's liabilities and settle all the outstanding claims against it. (Sat, 06 Feb 2010 11:11:26 GMT)
City warns residents of water line insurance solicitation
The city of Chillicothe is warning residents to keep an eye out for a solicitation from a Florida company promising water line insurance service coverage to Chillicothe water residents. (Sat, 06 Feb 2010 12:42:17 GMT)
Fenwick flood insurance discount available
FENWICK ISLAND — In the midst of a stormy winter when melting snow can result in significant flooding for Delaware beaches, town officials remind residents to apply for an insurance discount provided by the Federal Emergency Management Agency. (Sat, 06 Feb 2010 13:35:43 GMT)
In Telluride, a struggle between providers and insurance companies
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. (Sat, 06 Feb 2010 15:02:30 GMT)
Crop insurance coming up soon
The government will speed up the launch of its crop insurance programme in an effort to improve the farmers' well-being, Prime Minister Abhisit Vejjajiva said on Sunday. (Sun, 07 Feb 2010 04:11:47 GMT)
Insurance company sues Native corporations
An Arizona-based insurance company is suing a Native corporation that's known to back the proposed Pebble Mine project. In the lawsuit the insurance company says two Iliamna-based corporations lied when filing a claim following a diesel spill last summer. (Sun, 07 Feb 2010 04:11:58 GMT)
MGM Grand hosts insurance agents
The Professional Insurance Agents of Connecticut (Sun, 07 Feb 2010 07:06:15 GMT)
Autism insurance bill moves forward in Senate
One in 110 children born in the United States is diagnosed with autism, but health insurance companies in Missouri do not routinely provide coverage for the disorder. (Sun, 07 Feb 2010 07:36:20 GMT)
Ensuring you get the most out of your insurance
Over the years, I've written in this column about how to save money on your homeowners or auto insurance. Bundling the policies together with the same insurance company often cuts your bill by 15 perc (Sun, 07 Feb 2010 08:08:57 GMT)
Web site allows you to compare hospitals, pharmacies, nursing homes and insurance
Nikki Buskey Staff Writer HOUMA — State officials have launched a new Web site where you can compare cost, quality and performance of local hospitals, nursing homes, prescription drugs and health-insurance plans. The Web site, www.HealthFinderLA.gov, was launched by the state this week. (Sun, 07 Feb 2010 08:38:28 GMT)
MGM Grand hosts insurance agents
The Professional Insurance Agents of Connecticut Inc. (www.pia.org) willhold its 2010 annual convention in early March at the MGM Grand at Foxwoods. (Sun, 07 Feb 2010 08:58:40 GMT)
Gasan Mamo Insurance gives leg-up to Malta art
Julian Mamo (left) with Mark Mangion. Gasan Mamo Insurance has kicked off its yearly commitments to the community by becoming patron of the Malta Contemporary Art Foundation (MCA), which has just launched its venue at St James Cavalier. (Sun, 07 Feb 2010 09:49:00 GMT)
House takes on insurance industry
WASHINGTON -- House Democrats are taking aim at the insurance industry in the coming week. While the fate of comprehensive health care reform remains unclear, House Democrats are looking to push through more targeted legislation. (Sun, 07 Feb 2010 11:27:05 GMT)
In Telluride, a struggle between providers and insurance companies
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. (Sun, 07 Feb 2010 14:47:18 GMT)
Korea Deposit Insurance To Sell Korea Life Shares Via IPO
Korea Deposit Insurance To Sell Korea Life Shares Via IPO (Mon, 08 Feb 2010 02:43:39 GMT)
Insurance fraud will be subject of seminar
The 2010 Ohio Insurance Fraud Seminar is planned for March 10 at Quest Conference Centers, 8405 Pulsar Place. (Mon, 08 Feb 2010 10:53:44 GMT)
Kenya Insurance Industry Consolidation ‘Imperative,’ Kuria Says
Feb. 8 (Bloomberg) -- The consolidation of Kenya’s insurance industry is “imperative” as companies face competition from other global players in that market, Association of Kenya Insurers Chairman Nelson Kuria said in an interview on CNBC Africa television. (Mon, 08 Feb 2010 11:36:09 GMT)
Loews Posts Third Straight Profit on Insurance, Gas Exploration
Feb. 8 (Bloomberg) -- Loews Corp. , the holding company run by New York’s Tisch family, posted its third straight quarterly profit on improved results at its insurance and gas-exploration units. (Mon, 08 Feb 2010 12:07:44 GMT)
Zacks Earnings Preview: The New York Times, Hartford Insurance, AutoNation, Electronic Arts and Allstate
Zacks Earnings Preview: The New York Times, Hartford Insurance, AutoNation, Electronic Arts and Allstate (Mon, 08 Feb 2010 12:17:38 GMT)
Bill Would Apply Antitrust Laws To Insurance
With Congress still stalled on the big health bill, it turns to smaller pieces of legislation. The House this week will vote on a bill to repeal a decades-old insurance industry exemption from antitrust laws. Some analysts say eliminating the exemption wouldn't have an impact on competition or premiums. (Mon, 08 Feb 2010 12:22:50 GMT)
Vt.: tuition insurance should cover mental health
Vermont insurance regulators say tuition insurance offered at the University of Vermont and other colleges must provide the same coverage to students who leave school for mental illness as for physical illness or injury. (Mon, 08 Feb 2010 13:02:17 GMT)
Loews Posts Third Straight Profit on Insurance, Gas (Update1)
Feb. 8 (Bloomberg) -- Loews Corp. , the holding company run by New York’s Tisch family, posted its third straight quarterly profit on improved results from insurance and gas-exploration. (Mon, 08 Feb 2010 13:22:31 GMT)
Confie Seguros Acquires Vern Fonk Insurance Services
Confie Seguros broadens its presence with Hispanic consumers with its newest acquisition. The auto insurance provider acquired Vern Fonk Insurance Services Inc., an insurance agency in Washington and Oregon. (Mon, 08 Feb 2010 13:52:17 GMT)
Insurance Stocks With the Biggest Volatility
Insurance stocks have barely budged in the past month. These companies, however, are still volatile, providing investment opportunities. (Mon, 08 Feb 2010 14:46:15 GMT)
WATCH: Jake Tapper on Insurance Premium Hike
White House wants Anthem Blue Cross to justify nearly 40 percent hike. WellPoint - Insurance - Business - Financial Services - Health insurance (Tue, 09 Feb 2010 13:26:38 GMT)
Massachusetts Settles With Commerce over Insurance Appeals Errors
Massachusetts has reached a settlement with the Bay State's largest auto insurer, Commerce Insurance Co., over its failure to report at-fault auto accident determinations made by the state's board ... (Tue, 09 Feb 2010 13:51:39 GMT)
Spanish bank offers free match insurance
The insurance branch of BBVA, Spain's second largest bank, and the country's professional football league say they have agreed a scheme to give free accident cover to up to 500,000 fans attending matches each weekend. In order to be eligible for the insurance cover -- which offers to pay ?25,000 for an adult in case of death or permanent disablement through injury at a match -- fans only... (Tue, 09 Feb 2010 14:02:30 GMT)
Murphy Named Insurance Commissioner in Massachusetts
Joseph G. Murphy has been named commissioner of the Massachusetts Division of Insurance. Murphy has served as first deputy commissioners since 2006, playing active roles in the implementation of ... (Tue, 09 Feb 2010 14:21:40 GMT)
Officials question Anthem insurance rate hikes
The Obama administration and state insurance officials pressured Anthem Blue Cross on Monday to justify its decision to raise rates by as much as 39 percent for thousands of outraged and frustrated California customers. U.S. Health and Human Services... (Tue, 09 Feb 2010 14:24:18 GMT)
Daw: Snowbird finds insurance excluding her kidney
Many Canadians are now feeling the call of the sunny south. But some may have trouble finding a travel companion: Emergency health insurance. (Tue, 09 Feb 2010 14:25:00 GMT)
4 plead guilty in NJ to major insurance swindle
TRENTON — Two New Jersey men and two from Pennsylvania have admitted to participating in a scheme to steal hundreds of thousands of dollars in insurance premium payments from small businesses. (Tue, 09 Feb 2010 14:33:46 GMT)
Spanish bank offers free match insurance for fans
MADRID (AP) -- The insurance branch of BBVA, Spain's second largest bank, and the country's professional football league have agreed a scheme to give free accident cover to up to 500,000 fans attending matches each weekend, the bank said Tuesday. (Tue, 09 Feb 2010 15:04:59 GMT)
History of discrimination cited against Mercury Insurance
Department of Insurance released 275-page document that shows members of military were among many groups who had difficulty getting coverage. (Tue, 09 Feb 2010 15:21:53 GMT)
Life Insurance Blog Launched by LifeInsurance.org to cover industry news daily
LifeInsurance.org announced the launch of their life insurance blog. The blog, http://www.lifeinsurance.org/blo is updated weekly with the latest industry news and information. It is designed to help consumers make the right choice when purchasing this type of product. (Tue, 09 Feb 2010 15:28:12 GMT)
Ensuring insurance inequity
A California ballot item would legalize practices Mercury has been fined for. If you work as a bartender, junk dealer, longshoreman, actor or domestic worker, you might have had trouble getting home insurance from Mercury Corp. at one time or another. (Wed, 10 Feb 2010 02:29:23 GMT)
Chicago Confidential: Patrick Ryan back in insurance
Ryan says his family thinks he doesn't know the word 'retire' Patrick Ryan , the man who built one of the country's largest insurance brokers and led Chicago's failed effort to win the 2016 Summer Olympics, is getting back in the insurance business — at age 72. (Wed, 10 Feb 2010 04:03:03 GMT)
Anthem Asked To Justify Insurance Rate Hike
An investigation in California over dramatic health insurance increases is spurring a federal inquiry. Two congressional committees have asked executives from WellPoint, the parent company of Anthem Blue Cross of California, to explain why the company is raising premiums by as much as 39 percent for some customers. (Wed, 10 Feb 2010 11:49:07 GMT)
Chippewa County official defends insurance charges
CHIPPEWA FALLS - Chippewa County Administrator Bill Reynolds ardently defended the county's employee insurance system Tuesday, saying the county, and particularly risk manager Connie Goss, are clear of any wrongdoing. (Wed, 10 Feb 2010 14:18:56 GMT)
Fortis Insurance Asia Says Got Police Inquiries in Hong Kong
Feb. 10 (Bloomberg) -- Fortis Insurance Co. (Asia), a Hong Kong insurer formerly controlled by PCCW Ltd. Chairman Richard Li , said it has received inquiries from police. (Wed, 10 Feb 2010 14:27:43 GMT)
Ameristar employees lose insurance, plead case
EAST CHICAGO | About a dozen union employees who have lost theirhealth insurance coverage at Ameristar Casino showed up Tuesday ata hearing about the Cline Avenue bridge to hand out leaflets andmake their plight known. (Wed, 10 Feb 2010 14:41:13 GMT)
Snowmobile insurance urged
CHICAGO (AP) -- If you have a snowmobile in Illinois, state officials want you to make sure it's properly insured. The Illinois Department of Insurance said Tuesday that it encourages snowmobile insurance. (Wed, 10 Feb 2010 14:56:22 GMT)
Marsh Insurance Profit Up; Settlements Hit MMC Results
Insurance broker Marsh countered a drop in revenues in the U.S. and Canada with higher revenues from Latin America and Asia Pacific markets. Marsh and its risk management partner, Guy Carpenter, ... (Wed, 10 Feb 2010 15:57:01 GMT)
Insurance rates not accelerated by Toyota recall
DES MOINES, Iowa -- Many drivers of recalled Toyota vehicles are calling their insurance companies. Not only are they concerned about whether their accelerator may stick or brakes may fail, but they're wondering if they'll be covered if they're in an accident. (Wed, 10 Feb 2010 21:05:43 GMT)
Insurance Rates Not Accelerated by Toyota Recall
Car insurance rates shouldn't be affected by Toyota recall and ongoing industry woes Toyota - Insurance - Autos - Automobile - Business and Economy (Wed, 10 Feb 2010 22:16:21 GMT)
Factors influencing auto insurance rates
Insurance companies and industry groups are saying the recall of more than 8 million Toyota cars and trucks shouldn't have an impact on insurance rates. The price of auto insurance is determined by many factors, and isn't limited to just the model you drive, the cost to fix it and its overall safety record. (Wed, 10 Feb 2010 23:06:05 GMT)
Individual insurance policies vulnerable
Many parts of the economy are slowly recovering, but when it comes to health insurance costs, the worst appears far from over. With increasing numbers of people losing coverage because of unemployment or relying on low-paying government health programs, hospitals and doctors are passing on more of their uncompensated costs to patients with private insurance. (Thu, 11 Feb 2010 09:34:40 GMT)
Nonprofit's director creates health insurance program for employees
STEVE HOCKSTEIN/FOR THE STAR-LEDGERSidney Blanchard, executive director of Community Access Unlimited in Elizabeth, designed a cost-saving self-insurance program for his organization. Sidney Blanchard makes those guys in Washington, D.C., look bad. Blanchard, the executive director of the nonprofit Community Access... (Thu, 11 Feb 2010 11:13:08 GMT)
Insurance entrepreneur Peter Wood buys Esure from Lloyds
Peter Wood, the veteran insurance entrepreneur, has bought esure, the motor insurance business he founded, from Lloyds Banking Group. (Thu, 11 Feb 2010 11:56:16 GMT)
Insurance agents face disclosing pay figures
New Yorkers buying insurance policies can now find out how much their agent or broker is being paid, and by whom, under a new rule issued this week by state regulators. (Thu, 11 Feb 2010 12:19:04 GMT)
LLoyds sells 70% stake in insurance firm Esure
LLoyds Banking group announces it is to sell its stake in the online insurance group, Esure, to concentrate on its core businesses. (Thu, 11 Feb 2010 12:51:14 GMT)
Lawmakers In Kansas, Idaho Prepare Measures To Pre-Empt Any National Mandate To Purchase Insurance
The Associated Press/Forbes: "Kansas lawmakers have heard testimony on a proposed amendment to the state Constitution asserting Kansans' right to refuse to buy health insurance. Proponents of the measure call it a response to Democratic proposals in Congress that they say would force people to buy health insurance or face penalties for failing to do so." Supporters of the amendment believe the ... (Thu, 11 Feb 2010 14:42:48 GMT)
ECB get shirty to seal new lucrative four-year sponsorship deal with Brit Insurance
Brit Insurance are to take over as the main sponsors of England's cricket teams after agreeing a four-year deal with the England and Wales Cricket Board. (Thu, 11 Feb 2010 15:24:15 GMT)
Convicted Loren-Maltese keeps Cicero insurance benefits
Former Cicero President Betty Loren-Maltese, who has completed an eight-year prison term for her role in a scheme that robbed the town of more than $12 million, is expected to take up residency at a Chicago halfway house next week. Her friends say her first big step will be to find a job; her health insurance, on the other hand, isn't much of a worry. Cicero officials this week confirmed that ... (Fri, 12 Feb 2010 03:57:37 GMT)
What's Your Problem: Mysterious insurance glitch
For Dion Shaw, health insurance is a necessity. (Fri, 12 Feb 2010 04:32:45 GMT)
Convicted Loren-Maltese keeps Cicero insurance benefits
Health care no problem for soon-to-be-free politician guilty in $12 million scheme Former Cicero President Betty Loren-Maltese, who has completed an eight-year prison term for her role in a scheme that robbed the town of more than $12 million, is expected to take up residency at a Chicago halfway house next week. Her friends say her first big step will be to find a job; her health insurance, on ... (Fri, 12 Feb 2010 06:11:43 GMT)
Insurance settlement options vary
When a life-insurance policy turns into a death benefit, it is usually paid to the primary beneficiary in a lump sum. But not always. Insurers usually make available a number of alternative "settlement options." This column will discuss some of those alternatives. (Fri, 12 Feb 2010 10:30:39 GMT)
Health-care study: 5 largest insurance firms show big profits
FROM THE BLADE'S NEWS SERVICES WASHINGTON - As the nation struggled last year with rising health-care costs and a recession, the five largest health insurance companies racked up combined profits of $12.2 billion - up 56 percent over 2008, according to a report by liberal health-care activists. Based on company financial reports for 2009 filed with the Securities and Exchange Commission, the ... (Fri, 12 Feb 2010 10:53:25 GMT)
Lynch seeks hearing on insurance rates
Attorney General Patrick C. Lynch is calling on state Health Insurance Commissioner Christopher F. Koller to hold a formal hearing on the proposed rate increases insurers are seeking in the health plans that workers obtain through employers. (Fri, 12 Feb 2010 12:29:42 GMT)
Life insurance sales down 18% in 2009 to S$1.4b due to market uncertainties
SINGAPORE: Life insurance sales took a beating last year with total premiums on a weighted basis dropping 18 per cent on-year to S$1.41 billion. (Fri, 12 Feb 2010 14:14:16 GMT)
Flemington insurance agent honored for volunteer work
FLEMINGTON — Jarrett Farrell from borough-based Raritan Valley Insurance Services received the Encompass Insurance Agency Hands in the Community grant award for his commitment to volunteering in the community. (Fri, 12 Feb 2010 14:47:08 GMT)
Health insurance profits rose despite recession, critics say
As the nation struggled with rising health care costs and a lingering recession last year, the nation's five largest health insurance companies racked up combined profits of $12.2 billion - up 56 percent over 2008, a coalition of liberal advocacy groups and labor unions said. At the same time, the coalition's report said, insurers WellPoint, UnitedHealth Group, Cigna, Aetna and Humana covered 2 ... (Fri, 12 Feb 2010 14:51:06 GMT)
Hamm: Consider flood insurance
BISMARCK — Insurance Commissioner Adam Hamm is encouraging North Dakota homeowners, renters and business owners to consider buying a flood insurance policy. (Fri, 12 Feb 2010 14:56:12 GMT)
First Bancorp acquires The Insurance Center
First Bancorp said Friday that its insurance subsidiary has purchased a property and casualty insurance company for an undisclosed amount. (Fri, 12 Feb 2010 22:13:57 GMT)
Individual insurance rates soar 15% or more in at least 3 states
Consumers in at least three states who buy their own health insurance are getting hit with premium increases of 15% or more. (Sat, 13 Feb 2010 00:52:29 GMT)
Individual insurance rates soar in 3 states
Consumers in at least three states who buy their own health insurance are getting hit with premium increases of 15 percent or more — and people in other states could see the same thing. (Sat, 13 Feb 2010 01:07:24 GMT)
Individual insurance rates soar in 4 states
Consumers in at least four states who buy their own health insurance are getting hit with premium increases of 15 percent or more — and people in other states could see the same thing. (Sat, 13 Feb 2010 01:39:38 GMT)
State: We can police insurance rate hikes
Indiana's Department of Insurance on Friday said it is confident that it has the regulatory process necessary to make sure the premium increases faced by those with individual health-insurance plans are justified. (Sat, 13 Feb 2010 08:16:49 GMT)
Mariners reject $15,000 insurance
The amended Migrant Workers and Overseas Filipinos Act of 1995 will hurt more the seafarers than it helps, the Mariners Association for Regional and International Networking Organization (MARINO) said Saturday. The group representing the country’s mariners has expressed its resistance to the US$15,000 compulsory insurance provided for under the new approved Migrant Workers Act. “This compulsory ... (Sat, 13 Feb 2010 10:03:37 GMT)
Davenport Insurance Agent Arrested for Theft
A Davenport insurance agent was arrested Thursday after authorities discovered he had stolen insurance payments, the Polk County Sheriff's Office said. Alan Pearce, 42, of Lakeland, is charged with altering a bank bill or check and two counts of grand theft. (Sat, 13 Feb 2010 11:08:26 GMT)
Middlesea Insurance shuts Italian agency
Middleasea Insurance has shut its failed Italian agency, with its chairperson claiming a marked deterioration in the performance of agents and the international financial market as reasons behind the decision. (Sat, 13 Feb 2010 12:09:30 GMT)
Lavallette man charged in insurance fraud
A former Toms River School District employee was arrested recently in New Jersey on insurance fraud charges related to a gym that he owned in North Carolina, authorities confirmed Friday. (Sat, 13 Feb 2010 14:14:10 GMT)
State Rep. Chris Dorworth's drivers license reinstated after suspension for failure to have auto insurance
SANFORD – State Rep. Chris Dorworth, R-Lake Mary, who's bucking to become Florida's House Speaker in 2014, had his drivers license suspended in November for failing to have auto insurance, according to state records. (Sat, 13 Feb 2010 15:40:23 GMT)
Anthem to Delay Insurance Rate Hike Amid Criticism
Anthem to delay 39 pct health insurance rate hike in California amid criticism, media glare Insurance - Health insurance - California - Health - Business (Sat, 13 Feb 2010 22:16:21 GMT)
Summary Box: Anthem to delay insurance rate hike
ANTHEM RATES: Health insurer Anthem Blue Cross and California regulators reached a deal to delay a controversial hike in Anthem's rates for roughly 700,000 Californians who buy their own insurance. (Sun, 14 Feb 2010 00:21:53 GMT)
Summary Box: Anthem to Delay Insurance Rate Hike
Anthem to delay health insurance rate hike in California amid criticism and media glare California - Insurance - Health insurance - Business - Health (Sun, 14 Feb 2010 00:46:22 GMT)
Anthem to delay insurance rate hike amid criticism
Health insurer Anthem Blue Cross will postpone its much-criticized plan to raise rates for some California residents who buy insurance on their own, after reaching a deal Saturday with state regulators. (Sun, 14 Feb 2010 06:56:01 GMT)
Anthem to Delay Insurance Rate Hike Amid Criticism
Anthem to delay 39 percent health insurance rate hike in Calif. amid criticism, media glare California - Insurance - Health insurance - Business - Health (Sun, 14 Feb 2010 07:31:21 GMT)
Some guidelines for auto insurance claims
When it comes to insurance, what you don't do can be just as important as what you do. Wrong moves when filing a claim, or saying the wrong thing, can cost you. (Sun, 14 Feb 2010 08:12:51 GMT)
Insurance Commissioner Jim Donelon tallies results for consumers
The Times-PicayuneInsurance Commissioner Jim Donelon Insurance Commissioner Jim Donelon said last week that his department has helped consumers recover more than $8.2 million in insurance payments based on 4,347 complaints filed last year. Donelon said most of the money,... (Sun, 14 Feb 2010 09:02:14 GMT)
Town OKs insurance for flooding
By Lisa Singleton-Rickman, Staff Writer With Cherokee Town Council's approval last week of a flood insurance program ordinance, residents could qualify for a lower insurance rate, according to Mayor Chuck Lansdell. (Sun, 14 Feb 2010 09:44:26 GMT)
Kwik-Fit to Sell 200 Million Insurance Unit, Sunday Times Says
Feb. 14 (Bloomberg) -- Kwik-Fit Holdings Ltd. is preparing to sell its insurance business for more than 200 million pounds ($314 million) to help reduce debt, the Sunday Times reported, without saying where it got the information. (Sun, 14 Feb 2010 09:54:28 GMT)
Apple Releases Spark iPhoney Insurance Claims
iPhone owners are deliberately destroying their mobiles and concocting fraudulent insurance claims in order to upgrade to the latest model, says one insurer. (Sun, 14 Feb 2010 13:27:16 GMT)
Rising health insurance costs hit small employers too
Nelson Davis runs a video production company in Hollywood with six employees. He used to pay all of his workers' health insurance premiums. (Mon, 15 Feb 2010 00:35:59 GMT)
Anthem to delay insurance rate hike amid criticism
Health insurer Anthem Blue Cross will postpone its much-criticized plan to raise rates for some California residents who buy insurance on their own, after reaching a deal Saturday with state regulators. (Mon, 15 Feb 2010 04:54:36 GMT)
Anthem to delay insurance rate hike amid criticism
Health insurer Anthem Blue Cross says it's postponing its much-criticized plan to raise rates up to 39 percent for some California residents buying insurance on their own. (Mon, 15 Feb 2010 13:10:03 GMT)
'iPhone envy' fuels insurance fraud
We're sure none of you would ever do such a thing, obviously, but apparently naughty Brits are bashing their iPhones with hammers just get a free upgrade out of their insurer.
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