Insurance News 02/2010 (Page 2)
Pizzerias urged to boost insurance for drivers (Miami Herald)
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.
(Feb 6, 2010)
Sentence issued in local insurance fraud case (Reno Gazette-Journal)
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.
(Feb 6, 2010)
To help budget, Bartlesville to charge insurance companies for some fire runs (Tulsa World)
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.
(Feb 6, 2010)
Dalhousie home insurance rates could soar (Telegraph-Journal)
Changes in the structure of Dalhousie's fire department could have a serious impact on insurance rates in the town.
(Feb 6, 2010)
FSB puts the squeeze on Orange over unpaid insurance claims (Independent Online)
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.
(Feb 6, 2010)
City warns residents of water line insurance solicitation (Chillicothe Gazette)
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.
(Feb 6, 2010)
Fenwick flood insurance discount available (The Daily Times)
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.
(Feb 6, 2010)
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.
(Feb 6, 2010)
Crop insurance coming up soon (Bangkok Post - Thailand's English news)
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.
(Feb 7, 2010)
Insurance company sues Native corporations (KTVA Anchorage)
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.
(Feb 7, 2010)
MGM Grand hosts insurance agents (The Day)
The Professional Insurance Agents of Connecticut
(Feb 7, 2010)
Autism insurance bill moves forward in Senate (St. Joseph News-Press)
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.
(Feb 7, 2010)
Ensuring you get the most out of your insurance (Provo Daily Herald)
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
(Feb 7, 2010)
Web site allows you to compare hospitals, pharmacies, nursing homes and insurance (The Houma Courier)
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.
(Feb 7, 2010)
MGM Grand hosts insurance agents (The Day)
The Professional Insurance Agents of Connecticut Inc. (www.pia.org) willhold its 2010 annual convention in early March at the MGM Grand at Foxwoods.
(Feb 7, 2010)
Gasan Mamo Insurance gives leg-up to Malta art (Times of Malta)
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.
(Feb 7, 2010)
House takes on insurance industry (WRGB Albany)
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.
(Feb 7, 2010)
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.
(Feb 7, 2010)
Korea Deposit Insurance To Sell Korea Life Shares Via IPO (Fox News)
Korea Deposit Insurance To Sell Korea Life Shares Via IPO
(Feb 8, 2010)
Insurance fraud will be subject of seminar (The Columbus Dispatch)
The 2010 Ohio Insurance Fraud Seminar is planned for March 10 at Quest Conference Centers, 8405 Pulsar Place.
(Feb 8, 2010)
Kenya Insurance Industry Consolidation ‘Imperative,’ Kuria Says (Bloomberg)
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.
(Feb 8, 2010)
Loews Posts Third Straight Profit on Insurance, Gas Exploration (Bloomberg)
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.
(Feb 8, 2010)
Zacks Earnings Preview: The New York Times, Hartford Insurance, AutoNation, Electronic Arts and Allstate (Zacks.com via Yahoo! Finance)
Zacks Earnings Preview: The New York Times, Hartford Insurance, AutoNation, Electronic Arts and Allstate
(Feb 8, 2010)
Bill Would Apply Antitrust Laws To Insurance (NPR)
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.
(Feb 8, 2010)
Vt.: tuition insurance should cover mental health (Boston Globe)
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.
(Feb 8, 2010)
Loews Posts Third Straight Profit on Insurance, Gas (Update1) (Bloomberg)
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.
(Feb 8, 2010)
Confie Seguros Acquires Vern Fonk Insurance Services (Financial Planning.com)
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.
(Feb 8, 2010)
Insurance Stocks With the Biggest Volatility (TheStreet.com)
Insurance stocks have barely budged in the past month. These companies, however, are still volatile, providing investment opportunities.
(Feb 8, 2010)
WATCH: Jake Tapper on Insurance Premium Hike (ABC News)
White House wants Anthem Blue Cross to justify nearly 40 percent hike. WellPoint - Insurance - Business - Financial Services - Health insurance
(Feb 9, 2010)
Massachusetts Settles With Commerce over Insurance Appeals Errors (Insurance Journal)
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 ...
(Feb 9, 2010)
Spanish bank offers free match insurance (AP via Yahoo! Sports)
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...
(Feb 9, 2010)
Murphy Named Insurance Commissioner in Massachusetts (Insurance Journal)
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 ...
(Feb 9, 2010)
Officials question Anthem insurance rate hikes (San Francisco Chronicle)
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...
(Feb 9, 2010)
Daw: Snowbird finds insurance excluding her kidney (Toronto Star)
Many Canadians are now feeling the call of the sunny south. But some may have trouble finding a travel companion: Emergency health insurance.
(Feb 9, 2010)
4 plead guilty in NJ to major insurance swindle (Asbury Park Press)
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.
(Feb 9, 2010)
Spanish bank offers free match insurance for fans (Sports Illustrated)
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.
(Feb 9, 2010)
History of discrimination cited against Mercury Insurance (Contra Costa Times)
Department of Insurance released 275-page document that shows members of military were among many groups who had difficulty getting coverage.
(Feb 9, 2010)
Life Insurance Blog Launched by LifeInsurance.org to cover industry news daily (dBusinessNews.com)
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.
(Feb 9, 2010)
Ensuring insurance inequity (Los Angeles Times)
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.
(Feb 10, 2010)
Chicago Confidential: Patrick Ryan back in insurance (Chicago Tribune)
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.
(Feb 10, 2010)
Anthem Asked To Justify Insurance Rate Hike (NPR)
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.
(Feb 10, 2010)
Chippewa County official defends insurance charges (Leader-Telegram)
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.
(Feb 10, 2010)
Fortis Insurance Asia Says Got Police Inquiries in Hong Kong (Bloomberg)
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.
(Feb 10, 2010)
Ameristar employees lose insurance, plead case (The Times of Northwest Indiana)
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.
(Feb 10, 2010)
Snowmobile insurance urged (WBBM Newsradio 780 Chicago)
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.
(Feb 10, 2010)
Marsh Insurance Profit Up; Settlements Hit MMC Results (Insurance Journal)
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, ...
(Feb 10, 2010)
Insurance rates not accelerated by Toyota recall (Washington Post)
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.
(Feb 10, 2010)
Insurance Rates Not Accelerated by Toyota Recall (ABC News)
Car insurance rates shouldn't be affected by Toyota recall and ongoing industry woes Toyota - Insurance - Autos - Automobile - Business and Economy
(Feb 10, 2010)
Factors influencing auto insurance rates (AP via Yahoo! News)
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.
(Feb 11, 2010)
Individual insurance policies vulnerable (San Diego Union-Tribune)
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.
(Feb 11, 2010)
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