Insurance News Mar 2010
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Why Pay For Health Insurance When You Can Steal It?
Experts say medical identity theft has increased sharply in recent months. Patients use someone else's insurance card, Social Security number or name to receive health care. This can be dangerous for victims, especially if their imposter's health information is recorded in their chart and causes a mix-up. (Mon, 01 Mar 2010 06:13:43 GMT)
BRIEF-Moody's affirms St.George Insurance's rating
Mar 1 (Reuters) - St.George Insurance. (Mon, 01 Mar 2010 06:17:54 GMT)
Future cost of insurance for Toyotas is unclear
As recalls and manufacturer defects continue to raise questions about Toyota vehicle safety, owners may worry that auto insurance premiums may be affected, too. (Mon, 01 Mar 2010 10:29:50 GMT)
AIG to sell Asia life-insurance unit to Britian's Prudential PLC for about $35.5 billion
NEW YORK - AIG to sell Asia life-insurance unit to Britian's Prudential PLC for about $35.5 billion. Comments are subject to the sites terms of use and do not necessarily reflect the opinion or approval of the Star Tribune. (Mon, 01 Mar 2010 11:22:57 GMT)
AIG to sell Asia life-insurance unit to Britian's Prudential PLC for about $35.5...
AIG to sell Asia life-insurance unit to Britian's Prudential PLC for about $35.5 billion. (Mon, 01 Mar 2010 11:28:45 GMT)
Possible Senate candidate Harold Ford Jr. to speak at Syracuse insurance company
Harold Ford Jr. Syracuse, NY -- Potential U.S. Senate candidate Harold Ford Jr. is scheduled to speak at 11:30 a.m. at the Unity Mutual Life Insurance Co., 507 Plum St., his publicist said. (Mon, 01 Mar 2010 12:06:41 GMT)
Sweeney, Maguire Named Co-Presidents by Philadelphia insurance
Specialty insurer Philadelphia Insurance Companies has promoted Christopher J. Maguire and Sean S. Sweeney to the position of co-presidents. Maguire joined Philadelphia Insurance Companies in 1987 ... (Mon, 01 Mar 2010 14:26:51 GMT)
Choosing the right health insurance
Leonard Friedman, professor in the health services management and leadership department, tells students how to obtain health insurance that is both complete and won't break the bank. (Mon, 01 Mar 2010 15:28:37 GMT)
Fireman's Fund Insurance Co. Reveals the Riskiest Movies of the Year
As the Oscars quickly approach, many are speculating what film and actors will win Hollywood's most coveted statue. Fireman's Fund Insurance Co., a Novato, Calif.-based insurer of major Hollywood ... (Mon, 01 Mar 2010 15:42:02 GMT)
Flood Insurance Program Closed; No Policies Until Senate Votes
The Senate last week failed to vote on bills to extend several federal programs including jobless benefits, COBRA subsidies, transportation project funding and flood insurance before these ... (Mon, 01 Mar 2010 15:57:12 GMT)
AIG sells Asian life insurance unit to repay bailout debt
American International Group agreed on Monday to offload its prized Asian life insurance business for $35.5 billion, the troubled firm's largest asset sale since it was bailed out by the federal government during the height of the financial crisis. (Tue, 02 Mar 2010 05:00:00 GMT)
An Insurance Bid That Invites Risk
Prudential of Britain’s audacious $35.5 billion offer for the Asian life insurance business of the American International Group is reminiscent of pre-crisis mega-deals. (Tue, 02 Mar 2010 06:03:09 GMT)
Record profit for insurance firm
Insurance firm Admiral reports record profits described by the chief executive as an "outstanding achievement". (Tue, 02 Mar 2010 08:48:36 GMT)
An Insurance Bid That Invites Risk?
Insurance is supposed to be about protecting against risk. Try telling that to Prudential of Britain, whose audacious $35.5 billion offer for the Asian life insurance business of the American International Group is reminiscent of pre-crisis mega-deals, Breakingviews says . The takeover will more than double the size of Prudential and make it the most comprehensive pan-Asian insurer. (Tue, 02 Mar 2010 09:00:58 GMT)
Medical marijuana insurance coverage set by California-based company
A Rancho Cordova-based insurer Monday launched what it calls the first nationally available insurance coverage designed specifically for the medical marijuana industry. (Tue, 02 Mar 2010 11:46:08 GMT)
RSA Insurance Sees $45 Mln Chile Quake Hit
RSA Insurance Sees $45 Mln Chile Quake Hit (Tue, 02 Mar 2010 12:32:02 GMT)
Admiral warns that cost of car insurance in Britain will rise further in 2010
The cost of car insurance will continue to rise this year because of mounting personal injury claims, Admiral's chief executive warns. (Tue, 02 Mar 2010 13:03:37 GMT)
RSA Insurance Sees $45 Mln Chile Quake Hit
LONDON -- RSA Insurance said net of reinsurance it expects 30 million pounds ($44.8 million) of damage from the Chile earthquake. Its combined operating cost ratio guidance of around 95% for 2010 isn... (Tue, 02 Mar 2010 14:24:44 GMT)
Insurance rate hikes fan political firestorm
Though telling clients they must pay higher insurance premiums is an annual responsibility for brokers, sharing news of this year's increases was a particularly harsh task. (Tue, 02 Mar 2010 15:09:34 GMT)
GMAC auto insurance now owned by American Capital
Ownership of the GMAC Insurance property and casualty division has been fully transferred to American Capital Acquisition Corp, the company said Tuesday. (Tue, 02 Mar 2010 15:55:15 GMT)
SeaBright Insurance declares quarterly dividend
SeaBright Insurance Holdings Inc. said Tuesday its board has approved a quarterly dividend of 5 cents per share. (Tue, 02 Mar 2010 21:52:05 GMT)
Sebelius, health-insurance CEOs to meet Thursday
Health and Human Services Secretary Kathleen Sebelius plans to meet Thursday with health-insurance chief executives she recently invited to discuss premium rates. (Wed, 03 Mar 2010 00:45:41 GMT)
Medical marijuana insurance to be offered
SACRAMENTO, March 2 (UPI) -- A California insurance company says it is offering what it claims is the first nationally available insurance coverage for the medical marijuana industry. (Wed, 03 Mar 2010 01:05:00 GMT)
Lawsuit: Area Man Was Refused Care For Lack of Insurance
A federal lawsuit against two local hospitals claims a Delaware man was left permanently disabled after he was turned down for urgent medical care for lack of insurance. CBS3 Eyewitness News investigative reporter Walt Hunter spoke exclusively with the family of Marcus Murray. (Wed, 03 Mar 2010 11:23:03 GMT)
Why Pay For Health Insurance When You Can Steal It?
Experts say medical identity theft has increased sharply in recent months. Patients use someone else's insurance card, Social Security number or name to receive health care. This can be dangerous for victims, especially if their imposter's health information is recorded in their chart and causes a mix-up. (Wed, 03 Mar 2010 11:33:57 GMT)
Hawaii newspaper purchase backed by Toronto insurance firm
A Canadian insurance giant will provide much of the financial backing for Honolulu Star-Bulletin owner David Black's purchase of The Honolulu Advertiser. (Wed, 03 Mar 2010 12:04:20 GMT)
Toyota recalls won't affect insurance rates: Experts
Toyota drivers are unlikely to see a hike in insurance premiums despite safety problems that led to the recall of 8.5 million cars worldwide, insurance associations say.[...] (Wed, 03 Mar 2010 12:14:09 GMT)
Lawmakers want readable insurance policies
DENVER - Colorado lawmakers believe insurance policy holders shouldn't be forced to read the fine print to understand their insurance policies. The House Business Affairs and Labor Committee takes up a measure on Wednesday that would require policies for automobile, health, dental and long-term care insurance to be easily understandable. Lawmakers say newspapers are typically written for an 8th ... (Wed, 03 Mar 2010 14:07:56 GMT)
‘Grandfathered’ flood insurance rates aren’t all they’re cracked up to be
Judy Higbee thought if she bought flood insurance before the flood maps change, she could lock in her low annual premium. She was wrong. Higbee’s house at 1407 Ellis Blvd. NW is currently outside the 100-year flood plain, but on April 5, the lines will shift and add several more blocks to the high-risk flood zone, [...] (Wed, 03 Mar 2010 14:10:08 GMT)
National Flood Insurance Program extended
WASHINGTON—President Barack Obama has signed into law a measure that extends the National Flood Insurance Program through March 28. (Wed, 03 Mar 2010 15:42:45 GMT)
Thailand offers tourists free insurance
Thailand is continuing to offer insurance coverage worth $10,000 to anyone harmed in riots and demonstrations as it seeks to attract tourists scared off by political turmoil, officials say. (Thu, 04 Mar 2010 04:58:10 GMT)
Thailand Offers Tourists Free Insurance
Thailand offers free insurance, lifts visa fees to entice tourists wary of political turmoil Thailand - Asia - Insurance - Travel and Tourism - Travel Guides (Thu, 04 Mar 2010 05:16:21 GMT)
Raise your insurance deductible to save money: a smart move?
You can save money by raising your insurance deductible. But make sure your emergency fund can handle the unexpected. (Thu, 04 Mar 2010 05:44:12 GMT)
St. John the Baptist Parish School Board to expand proposal on insurance fee disclosure
The St. John the Baptist Parish School Board delayed action on a policy that would require all insurance agents and brokers to disclose all fees and fee-splitting agreements in the hopes of avoiding any conflicts of interest. Board members said... (Thu, 04 Mar 2010 10:32:24 GMT)
Individual health insurance policy premiums soaring
Illinois consumers to pay up to 60% more, data show Consumers in Illinois who lose their jobs and have no other option but to buy their own health insurance will get socked this year with premium increases of up to 60 percent, according to state records. (Thu, 04 Mar 2010 13:55:33 GMT)
Insurance Commissioner, Doctors Trade Barbs Over Health Care Reform
Connecticut's insurance commissioner and the state's largest physician group traded barbs this week as the public debate over health care reform flares up again. (Thu, 04 Mar 2010 14:09:46 GMT)
A Health Insurance Mandate With a Choice
Allowing Americans to opt out of mandated insurance could save health care reform. (Thu, 04 Mar 2010 14:26:11 GMT)
MO House seeks to block health insurance mandate
The Missouri House has advanced a proposed amendment to the state constitution aimed at blocking any government mandate that people buy health insurance. The amendment would also ban penalties against individuals who fail to have health insurance. (Thu, 04 Mar 2010 15:27:46 GMT)
David Zona Joins Fireman's Fund as SVP of Product Management, Commercial Insurance
Zona will be responsible for setting direction and priorities for various commercial insurance product lines and will have primary accountability for driving profitable growth. (Thu, 04 Mar 2010 15:58:28 GMT)
Thailand offering tourists insurance against turmoil
Thailand is continuing to offer insurance coverage worth US$10,000 to anyone harmed in riots and demonstrations as it seeks to attract tourists scared off by political turmoil, officials say. (Thu, 04 Mar 2010 15:59:51 GMT)
Thailand offers tourists free insurance
Thailand is continuing to offer insurance coverage worth $10,000 to anyone harmed in riots and demonstrations as it seeks to attract tourists scared off by political turmoil, officials say. (Thu, 04 Mar 2010 18:06:04 GMT)
Do you need earthquake insurance?
The earthquakes in Haiti and Chile remind us about how vulnerable our own homes may be in the event of an earthquake. While we have the good fortune to even have the option to buy earthquake insurance for our homes, there are some things you should know about this type of coverage. (Thu, 04 Mar 2010 21:26:30 GMT)
The high cost of quake insurance will rock your bank account
Yves Didier has been a strong believer in earthquake insurance since the 1994 Northridge quake, when his apartment building was severely damaged and some of his neighbors lost their lives. (Fri, 05 Mar 2010 01:33:25 GMT)
Realty Q&A: Flood insurance for your home is money well spent
The cost of flood insurance is based on many factors. First and foremost, of course, is the location of the building. But the folks at the Federal Emergency Management Administration tell me that there are other considerations besides the potential for and estimated severity of flooding in a specific area. (Fri, 05 Mar 2010 05:16:20 GMT)
Ask Gill: online booking errors; insurance for older travellers
Gill Charlton on problems booking holidays online, the best travel bags and insurance for the over-65s. (Fri, 05 Mar 2010 12:20:44 GMT)
ING Plans to Sell All Insurance Units Together, Kliphuis Says
March 5 (Bloomberg) -- ING Groep NV , the biggest Dutch financial-services company, plans to sell all of its insurance businesses together in an initial public offering, the head of the central European insurance division said. (Fri, 05 Mar 2010 14:27:22 GMT)
Sebelius calls for openness in insurance rate hikes
WASHINGTON -- Unless Congress revamps the nation's health care system, the federal government can weigh in on "wildly exorbitant" insurance rate increases only by pressuring insurance companies to publicly justify them, Health and Human Services Secretary Kathleen Sebelius said Thursday after meeting with industry executives. (Fri, 05 Mar 2010 14:28:42 GMT)
ING Plans to Sell All Insurance Units Together, Kliphuis Says
ING Groep NV, the biggest Dutch financial-services company, plans to sell all of its insurance businesses together in an initial public offering, the head of the central European insurance division said. (Fri, 05 Mar 2010 14:34:55 GMT)
Basic motor insurance coverage for 3rd party at formulation stage
KUALA LUMPUR: Bank Negara Malaysia says the proposed basic motor insurance coverage for third party bodily injury and death (TPBID), to be provided at a reasonable premium, is still at the formulation... (Fri, 05 Mar 2010 14:39:10 GMT)
Senators narrowly reject insurance watchdog's proposal
The Florida Senate's insurance committee narrowly struck down a proposal from Insurance Consumer Advocate Sean Shaw this week that would allow his office to participate in insurance rate hearings. (Fri, 05 Mar 2010 15:53:27 GMT)
Romney hits Obama for bashing insurance companies
Potential Republican presidential candidate Mitt Romney criticized President Barack Obama on Friday for his recent attacks on health insurance companies. (Fri, 05 Mar 2010 21:57:25 GMT)
Eastern Insurance to pay 7 cent dividend
Eastern Insurance Holdings Inc. said Friday it will pay a quarterly dividend of 7 cents per share payable March 31 to shareholders of record March 17. (Fri, 05 Mar 2010 22:01:26 GMT)
Fla. Insurance Case Could Set Precedent for Hurricane Claims
The Florida Supreme Court was asked Thursday to decide issues that may dictate the handling of hurricane claims, insurance payouts and deductibles. The case in dispute involves an $8.1 million federal verdict won by a Florida condo association against Australia-based QBE Insurance over its handling of a claim after Hurricane Wilma in 2005. The main issues: Does Florida recognize a claim for ... (Sat, 06 Mar 2010 05:01:01 GMT)
Lawyers want BNM to reveal crash insurance revamp details
UPDATED By Debra Chong KUALA LUMPUR, March 6 — The Bar Council has demanded for Bank Negara Malaysia to reveal details of a proposed revamp to the basic scheme for third parties to claim insurance payment in cases of bodily injuries and/or death in motor accidents. The peninsula-based lawyers’ group said the scheme is estimated to cost RM500 million to set up but there have not been any details ... (Sat, 06 Mar 2010 06:24:29 GMT)
Thailand offers tourists free insurance
BANGKOK -- Thailand is continuing to offer insurance coverage worth $10,000 to anyone harmed in riots and demonstrations as it seeks to attract tourists scared off by political turmoil, officials say... (Sat, 06 Mar 2010 07:46:56 GMT)
Insurance money seen as motive for deadly arson
Prosecutors say the owner of an apartment building in a Chicago suburb had his maintenance man set it on fire, killing seven people, because he wanted to collect the insurance money. (Sat, 06 Mar 2010 08:22:42 GMT)
Cicero fire set for insurance money: prosecutors
The owner of a Cicero apartment building in which seven young peopledied in a February fire had his building manager set the blaze in aplan to cash in on a $250,000 insurance policy, Cook County prosecutorssaid Friday. In a conversation recorded by a wire-wearing witness days after thefire, landlord Lawrence Myers, 60, said he told his manager Marion"Andre" Comier, 47, to "do it during the ... (Sat, 06 Mar 2010 12:00:56 GMT)
Crop insurance available through FSA
San Miguel and Dolores County farmers can apply now for non-insured assistance program (NAP) for certain crops through the counties’ Farm Service Agency (FSA). Dry beans, corn, oats, safflower and sunflowers are all eligible for NAP insurance. (Sat, 06 Mar 2010 14:23:46 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 Mar 2010 15:01:09 GMT)
Cops say Bennington man set fire to wife's home for insurance money
BENNINGTON — Bennington police say a member of the fire department charged with setting fire to his wife's home twice wanted to get enough insurance money to pay for surgery so she could become pregnant. (Sat, 06 Mar 2010 15:42:01 GMT)
Ariz. hesitant to take stimulus money to expand unemployment insurance eligibility
The federal government wants to close a gap that has tripped up legions of jobless Americans: It is offering states emergency money to expand their unemployment insurance programs and allow more out-of-work people to qualify for relief. (Sun, 07 Mar 2010 01:05:54 GMT)
Women pay more, face hurdles finding insurance
While shopping for health insurance last year, 26-year-old Hillary McCormack was rejected because she had, for two months in 2007, taken a fertility drug. (Sun, 07 Mar 2010 06:29:06 GMT)
GIVING BACK: Allstate Insurance workers volunteer in many programs
TODAY'S SUBJECT: Allstate Insurance's second annual Give Back Day national volunteer program. Allstate's North Central regional office is based in Farmington Hills. (Sun, 07 Mar 2010 08:31:44 GMT)
Political Notebook: Insurance commissioner candidate
Tulsa insurance agent John Doak has declared his candidacy for state insurance commissioner. (Sun, 07 Mar 2010 08:48:42 GMT)
Californians shaken by cost of quake insurance
Yves Didier has been a strong believer in earthquake insurance since the 1994 quake in Northridge, Calif., when his apartment building was severely damaged and some of his neighbors lost their lives. (Sun, 07 Mar 2010 08:56:59 GMT)
State insurance program draws wide interest
HAMMOND -- Isiah Lockett, 47, has pain in his hips, legs and back, but hasn't seen a doctor. After losing his job three years ago, he can't afford health insurance. "I can't get anybody to look at me because I don't have health insurance," said the East Chicago resident. Lockett was among 60 people who attended an information meeting Saturday in Hammond to learn more about the Healthy Indiana ... (Sun, 07 Mar 2010 10:03:06 GMT)
New parish insurance contract saves Iberia money
The Iberia Parish Council could save more than $25,000 on its insurance coverage for the year, thanks in part to its decision to place the policies out for public bid, said former state Sen. Craig Romero. (Sun, 07 Mar 2010 12:29:30 GMT)
Kline Twp. owes McAdoo $15,000 for insurance
Some members of McAdoo Borough Council have questioned a proposed agreement between Kline Township and the McAdoo Fire Co. regarding workman's compensation insurance. In the agreement, the borough pays the insurance premium but expects reimbursement from (Sun, 07 Mar 2010 13:43:27 GMT)
Crop insurance available through FSA
San Miguel and Dolores County farmers can apply now for non-insured assistance program (NAP) for certain crops through the counties’ Farm Service Agency (FSA). Dry beans, corn, oats, safflower and sunflowers are all eligible for NAP insurance. (Sun, 07 Mar 2010 14:25:18 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 Mar 2010 15:45:49 GMT)
A.I.G. Is Set to Sell a Life Insurance Unit to MetLife
The American International Group was close to completing a deal to sell a big life insurance unit to MetLife for about $15.5 billion, people briefed on the matter told DealBook on Sunday, in what would be a second big transaction in one week to help repay its taxpayer-financed rescue. (Mon, 08 Mar 2010 00:00:58 GMT)
QBE Insurance Examining Opportunities for Premium Growth in 2011
March 8 (Bloomberg) -- QBE Insurance Group Ltd., Australia’s biggest insurer by market value, said it’s examining opportunities for premium growth in 2011 of as much as A$2.5 billion. (Mon, 08 Mar 2010 08:13:34 GMT)
AIG raises $15.5 in sale of Alico insurance unit to MetLife, will use proceeds to repay govt
NEW YORK - American International Group is selling an overseas life and health insurance unit for $15.5 billion to MetLife as it continues to shed assets to repay billions in government aid. (Mon, 08 Mar 2010 11:30:02 GMT)
Is Travel Insurance Right for You?
Snowstorms, hurricanes, missed flights or a case of the flu are all responsible for ruining countless vacations each year. To protect against such unexpected disasters, many travelers have turned to travel insurance. But before you go out and add to the cost of your getaway make sure you understand what is covered and what isn't. Travel - Travel insurance - Insurance - Business - Financial ... (Mon, 08 Mar 2010 12:29:53 GMT)
AIG raises $15.5B in sale of Alico insurance unit to MetLife, will use proceeds to repay gov't
NEW YORK - American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, as it attempts to repay billions in government aid. (Mon, 08 Mar 2010 12:30:02 GMT)
Nuttall 'paid as insurance'
EX-Cabinet minister Gordon Nuttall was corruptly paid $60,000 by a businessman as "insurance" for future dealings with the Government, a jury heard. (Mon, 08 Mar 2010 13:00:00 GMT)
Survey Reveals Health Insurance and Access to Care Not So Closely Linked
Center for Healthcare Research & Transformation survey reveals changing landscape of coverage in Michigan ANN ARBOR, Mich., March 8 /PRNewswire-USNewswire/ -- A survey released today by the Center for Healthcare Research & Transformation challenges the long-held assumption that having health insurance is synonymous with having access to health care. (Mon, 08 Mar 2010 13:16:11 GMT)
Tune Money offers travel insurance
KUALA LUMPUR: Tune Money Sdn Bhd, the one-stop online financial services company belonging to Tune Group, is now offering Tune Travel Insurance Plan for both leisure and business travellers. (Mon, 08 Mar 2010 14:06:54 GMT)
President Obama attacks insurance companies in bid for public support on health overhaul
WASHINGTON - President Barack Obama ratcheted up his attacks against insurance companies Monday in a last-ditch attempt to get a reluctant public and skittish Democrats behind his health overhaul legislation. (Mon, 08 Mar 2010 14:15:12 GMT)
Selective Insurance Announces Several Promotions
New Jersey-based insurer Selective Insurance Group Inc. has made several executive promotions. Anthony D. Harnett has been promoted to to senior vice president, corporate controller. Harnett ... (Mon, 08 Mar 2010 14:41:51 GMT)
AIG sells Alico insurance company to MetLife
American International Group on Monday announced the sale of one of its major global insurance units to MetLife for $15.5 billion, the latest step in the bailed-out insurance giant's quest to pay down its massive debt to U.S. taxpayers. (Mon, 08 Mar 2010 19:17:01 GMT)
'Insurance for all' plan for dogs
All dog owners in England and Wales would need insurance against their animals attacking people under Labour proposals. (Tue, 09 Mar 2010 02:09:00 GMT)
Pan Africa Insurance of Kenya Says it Posted an Annual Profit
March 9 (Bloomberg) -- Pan Africa Insurance Holdings Ltd. of Kenya posted annual net income of 138.9 million shillings in the year ended Dec. 31 compared with a loss of 96 million shillings the year earlier. (Tue, 09 Mar 2010 06:36:22 GMT)
Senate to Take up Unemployment Insurance Extension
Senate to act on unemployment insurance, tax breaks for individuals and businesses Unemployment benefits - Senate - Tax - Insurance - United States (Tue, 09 Mar 2010 08:31:51 GMT)
Four Types of Insurance Businesses Need
Small businesses ought to protect themselves with insurance that will keep them from losing it all. (Tue, 09 Mar 2010 10:15:45 GMT)
Are dental insurance premiums deductible?
There are two ways taxpayers can deduct dental insurance and long-term care premiums. (Tue, 09 Mar 2010 11:00:00 GMT)
Obama Takes Aim At Health Insurance Companies
President Obama traveled to Acadia University in suburban Philadelphia on Monday to make the case one more time for Congress to pass legislation to overhaul the nation's health care system. He went after Republicans for their unified opposition, and attacked big insurance companies. (Tue, 09 Mar 2010 11:44:23 GMT)
Obama launches attack on insurance companies
Strategy change attempts to ratchet up the pace and the populist appeal of the administration's rhetoric against the health insurance industry. (Tue, 09 Mar 2010 12:16:44 GMT)
Senate to take up unemployment insurance extension
Legislation extending unemployment insurance for the long-term jobless faces a key test vote in the Senate, its momentum helped by about 60 popular tax breaks for individuals and businesses that expired at the end of last year. (Tue, 09 Mar 2010 15:39:10 GMT)
Mandatory insurance proposed for UK dogs
A chip for Spot? In a country where guns are tightly controlled and even carrying a kitchen knife can bring prison time, some thugs use dogs to menace their victims. Now the British government is proposing that dog owners be forced to get microchips and take out insurance for their pets. (Tue, 09 Mar 2010 23:07:16 GMT)
Activists picket at health insurance conference
Activists ratcheted up the pressure for health care reform Tuesday, picketing in front of a hotel where a group of insurance industry leaders were meeting. (Wed, 10 Mar 2010 01:30:32 GMT)
Swiss Re sees $4-$7 billion insurance losses from quake
Swiss Re said on Wednesday the insurance sector stood to lose $4-$7 billion from the earthquake in Chile, a sum unlikely to bring the long hoped-for increase in reinsurance prices. (Wed, 10 Mar 2010 06:37:46 GMT)
Barack Obama comes to town hoping to sell health insurance overhaul
March 8, 2010 - President Barack Obama speaks about health care reform at Arcadia University in Glenside, Pa. (Charles Dharapak/AP) WASHINGTON — President Barack Obama will try to rally a skeptical public behind his health insurance overhaul in a speech in St. Charles today that may remind Missourians of Obama's days as a hard-charging candidate. (Wed, 10 Mar 2010 09:26:05 GMT)
Surprising Ways to Save Money With Insurance
Your homeowner's and auto insurance coverage could help you save on legal fees, pet injuries and more. Insurance - Vehicle insurance - Business - Financial services - Agents and Marketers (Wed, 10 Mar 2010 12:44:16 GMT)
Swiss Re puts Chile quake insurance cost at $4-7BN
Swiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich Re AG. (Wed, 10 Mar 2010 13:00:18 GMT)
Swiss Re puts Chile quake insurance cost at $4-7BN
Swiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich Re AG. Swiss Re said it is common practice for property owners in Chile to... Chile - Insurance - Earthquake - Swiss Re - Munich Re (Wed, 10 Mar 2010 13:30:09 GMT)
Swiss Re Puts Chile Quake Insurance Cost at $4-7BN
Swiss Re puts total cost to insurance industry of Chile quake at $4-7 billion Insurance - Swiss Re - Business - Chile - Financial Services (Wed, 10 Mar 2010 13:46:21 GMT)
WATCH: Hidden Insurance Benefits Save Money
Elisabeth Leamy offers five tips to save money on insurance. (Wed, 10 Mar 2010 15:02:01 GMT)
North Carolina Woman Arrested in Alleged Staged Robbery for Insurance Money
North Carolina officials report that a Wilson woman has been arrested for allegedly staging a robbery to collect insurance money. Insurance Commissioner Wayne Goodwin announced the arrest of ... (Wed, 10 Mar 2010 15:56:51 GMT)
Va. General Assembly votes to ban mandatory health insurance coverage
RICHMOND -- Virginia's General Assembly is the first in the nation to approve legislation that bucks federal health care reforms by banning mandatory health insurance coverage. (Wed, 10 Mar 2010 20:46:48 GMT)
Time for a national insurance program to cope with natural disasters?
Given that so many Americans live in areas that have been prone to natural disasters – hurricanes, earthquakes, tornados – is it time for the federal government to intercede to help states and property owners obtain more reasonable castastrophic insurance? (Thu, 11 Mar 2010 01:06:23 GMT)
Time for a national insurance program to cope with natural disasters?
Advocates of legislation to create a national insurance program say it's better to plan ahead than do a bailout after a natural disaster. Critics say it would amount to a subsidy for owners of coastal mansions and encourage people to live in places they shouldn't. (Thu, 11 Mar 2010 01:23:32 GMT)
Va. assembly approves bill to bar health-insurance mandate
RICHMOND -- The Virginia General Assembly has given final approval to a bill that would make it illegal for the government to require individuals to purchase health insurance, a measure intended to conflict with Democratic efforts to reform health care in Washington. (Thu, 11 Mar 2010 05:00:00 GMT)
Insurance Mandate May Need Strict Penalties
The health care plans before Congress require individuals to purchase insurance. But the penalty for violating the individual mandate may be so low that healthy people might be tempted to pay it instead of buying insurance. That would leave insurers with less healthy customers, prompting companies to raise their rates, prompting more people to drop out, and so forth. (Thu, 11 Mar 2010 11:37:47 GMT)
Why Not Universal Car Insurance?
With universal mandates, insurance companies no longer compete for multiple clients, but for just one — this is called a monopsony. The amount of eligible insurance companies quickly dwindles. (Thu, 11 Mar 2010 14:01:20 GMT)
Unemployment insurance continuing claims spike
The number of Americans filing continuing claims for unemployment insurance spiked last week, the Labor Department said Thursday, as sluggish hiring continues to drag on the labor market's recovery. (Thu, 11 Mar 2010 14:54:00 GMT)
Federal legislation to lower property insurance costs debated
Legislation that could give South Florida homeowners a break from soaring property insurance premiums received a mixed reception by federal lawmakers Wednesday. (Thu, 11 Mar 2010 15:53:18 GMT)
Insurance agents make donation to MS
The Independent Insurance Agents of Northern Nevada donated $10,000 to the National Multiple Sclerosis Society's Nevada office to help with services to local people. (Thu, 11 Mar 2010 15:56:56 GMT)
Fitch Holds Conference on China's Life, Non-Life Insurance Sectors
Fitch Ratings hosted a teleconference today, March 11 on the performance of China's life and non-life insurance sectors. A replay of the conference is expected to be posted soon on the rating ... (Thu, 11 Mar 2010 15:57:02 GMT)
As costs soar, Mass. foresees change in health insurance rules
State regulators said yesterday that they will probably change the complex formula they use to determine how many Massachusetts residents face a tax penalty for not having health insurance, because spiraling costs are making coverage unaffordable for too many people. (Fri, 12 Mar 2010 05:32:33 GMT)
Trade associations accused of health insurance fraud
A Tennessee-based trade association that's promising affordable health insurance to New Jersey residents is under scrutiny for failing to provide benefits to members in other states across the nation. (Fri, 12 Mar 2010 10:17:35 GMT)
Linkin Park sue over blocked insurance payout
Linkin Park are suing an insurance company after its officers refused to compensate the rockers for a string of gigs cancelled because of frontman Chester Bennington's back injury. (Fri, 12 Mar 2010 10:26:00 GMT)
Bill On Insurance For Oral Chemo Passes Legislative Committee
A proposal to require health insurance plans to cover oral chemotherapy the same way they cover intravenous chemotherapy made it through the legislature's insurance and real estate committee Thursday. (Fri, 12 Mar 2010 12:17:05 GMT)
Kilpatrick Stockton Adds Leading Policyholder Insurance Coverage Partner
NEW YORK -- Kilpatrick Stockton LLP announced today the addition of partner Carl Salisbury to its growing and nationally-recognized Insurance Recovery Team. Mr. Salisbury joins Kilpatrick Stockton’s expanding New York office from Killian & Salisbury, P.C. The burgeoning New York office also recently added three new associates. (Fri, 12 Mar 2010 14:22:50 GMT)
Woman sues after insurance company denies claim
Michele Vinson was stunned when the insurance company denied her claim to $386,000 from her husband's life insurance policy and a related benefit to cover school expenses for their 19-year-old daughter, Danielle, who is in college. (Fri, 12 Mar 2010 14:37:13 GMT)
Oregon woman sues life insurance company over claim
The wife of a Eugene man who died in a kitchen accident is suing his life insurance company. Michele Vinson says the company is ... (Fri, 12 Mar 2010 14:50:14 GMT)
Mobile Phones Bring Insurance to Kenyan Farmers
Kenyan farmers can now insure some of the costs of growing crops against bad weather by using mobile phone technology that links solar-powered weather stations to an insurance company. (Fri, 12 Mar 2010 14:55:48 GMT)
Best Affirms American Modern Insurance Group Ratings
A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of American Modern Insurance Group of Amelia, Ohio and its ... (Fri, 12 Mar 2010 15:12:01 GMT)
Widow sues over unpaid life insurance
EUGENE, Ore. (AP) -- The wife of a Eugene man who died in a kitchen accident is suing his life insurance company. Michele Vinson says the company is refusing to pay because David Vinson had been drinking that day. She is seeking $1.3 million from Hartford Life and Accident Insurance Co. Her husband was home alone last April 12 when he apparently dropped a domed glass cake cover. It shattered, a ... (Fri, 12 Mar 2010 15:22:46 GMT)
California judge rules on auto insurance language in voters pamphlet
A three-way fight over the language in a June ballot initiative on auto insurance ended in a draw Friday. (Sat, 13 Mar 2010 06:14:09 GMT)
Insurance company aims to discourage class actions
BATON ROUGE — Louisiana Citizens Property Insurance Corp. will push for a new law protecting it from being penalized for paying claims too slowly. (Sat, 13 Mar 2010 08:55:41 GMT)
Conduct a self-audit to save on insurance
A lot of changes can happen throughout the year that can greatly affect your insurance coverage. So take some time once a year to re-evaluate your coverage. Here are some tips from the Hartford Financial Services Group. (Sat, 13 Mar 2010 09:19:21 GMT)
Peter Boutell, Lending a Hand, March 13, 2010: Mortgage insurance, the necessary evil, is not forever
No one wants to pay for mortgage insurance, but what most homebuyers do not realize is that no lender will loan more than 80 percent of the value of a property without mortgage insurance protection. (Sat, 13 Mar 2010 10:16:10 GMT)
Video: Obama talks heath insurance reform
GLENSIDE — President Barack Obama took on the insurance companies Monday morning as he began his tour to promote health insurance reform. (Sat, 13 Mar 2010 11:27:54 GMT)
Md. House votes to limit insurance premium hikes
Maryland's House of Delegates has endorsed limiting insurance carriers from raising premiums on individual health plans more than once a year in most cases. (Sat, 13 Mar 2010 13:17:13 GMT)
Bradley Byrne, candidate for governor, pushes coastal insurance plan for Alabama
Republican gubernatorial candidate Bradley Byrne introduced a plan Friday to address Alabama's coastal insurance crisis, saying the issue threatens one of the state's most powerful economic engines. (Sat, 13 Mar 2010 13:37:50 GMT)
BAR WANTS BANK NEGARA'S TRANSPARENCY ON PROPOSED INSURANCE SCHEME
KUALA LUMPUR, March 13 (Bernama) -- The Bar Council wants Bank Negara and the government to be more transparent in the proposed scheme on basic motor insurance coverage for third party bodily injury and death. (Sat, 13 Mar 2010 14:02:40 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, 13 Mar 2010 15:02:59 GMT)
State Farm Insurance Gives $2,500 To County for Safe Driving Signs
Crossett State Farm Insurance representative Mary Reed, shown left, presents a $2,500 grant to Darlene Maxwell Thursday afternoon, March 4. The grant is sponsored by State Farm Insurance to increase road safety. (Sat, 13 Mar 2010 15:15:01 GMT)
Pa. insurance chief is shaping Obama's message
Just because Pennsylvania Insurance Commissioner Joel Ario went to a Christmas party at President Obama's house in Washington . . . (Sat, 13 Mar 2010 23:03:00 GMT)
Call for transparency in proposed insurance scheme
KUALA LUMPUR - The Bar Council wants Bank Negara and the government to be more transparent in the proposed scheme on basic motor insurance coverage for third party bodily injury and death. (Sun, 14 Mar 2010 03:07:09 GMT)
Fewer hospital patients have private insurance
Hospital officials don’t expect a quick rebound after years of decline in the percentage of their most profitable patients — those covered by private insurance.Commercial insurance is key to a hospital’s “payer mix,” offsetting losses incurred on patients in other categories such as Medicare, Medicaid and “self-pay.” (Sun, 14 Mar 2010 03:59:22 GMT)
Insurance rate hikes in N.H. are questioned
This is the second of a two-part report that looks at increases in health insurance policies offered by Anthem Blue Cross Blue Shield in Maine and New Hampshire. Last Sunday, we looked at Maine. This week we examine New Hampshire. (Sun, 14 Mar 2010 07:14:44 GMT)
Recession fuels boom in insurance fraud
The sour economy is producing a bumper crop of cash-strapped consumers, business owners and shady agents who are fueling a wave of insurance fraud that is keeping regulators and law enforcement officials busy from coast to coast. (Sun, 14 Mar 2010 08:05:51 GMT)
Crop insurance agents might face pay cuts
Washington, D.C. - Farmers are accustomed to being targeted for their federal subsidies. Now, their insurance agents are taking their turn in the bull’s-eye. (Sun, 14 Mar 2010 09:08:07 GMT)
The insurance doctor: Colo. pregnancy bill defies concept of insurance, will increase premiums for every individual
Recently, I had lunch with John, a fellow insurance agent. "You won't believe how goofy some people are when it comes to insurance," he said. (Sun, 14 Mar 2010 11:19:06 GMT)
Maine bill nixes health insurance caps
Further Maine House and Senate votes are expected this week on a bill to bar annual and lifetime caps on health insurance payments. (Sun, 14 Mar 2010 13:39:07 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, 14 Mar 2010 14:17:02 GMT)
Votes expected on bill barring insurance payment caps
AUGUSTA, Maine -- Further Maine House and Senate votes are expected this week on a bill to bar annual and lifetime caps on health insurance payments. The bill is intended to protect health care … (Sun, 14 Mar 2010 14:20:19 GMT)
Ayudhya Insurance expands through acquisition
Ayudhya Insurance (AYUD) has reached an agreement to acquire a 99.99 per cent stake in BT Insurance (BTI) from CIMB Thai Bank, for the approximate value of Bt392 million. (Mon, 15 Mar 2010 08:00:00 GMT)
Zurich Insurance plc eyes revenues of €1 bn
Zurich Insurance plc has announced a solid operating performance for 2009. Zurich Insurance plc (ZIP) is the insurance giant's Dublin-based general insurance risk carrier for its European business. (Mon, 15 Mar 2010 08:41:52 GMT)
The Ayudhya Insurance to Acquire BT Insurance from CIMB Thai
The Ayudhya Insurance PCL (AYUD) and CIMB Thai Bank PCL announced today that they have entered into an agreement for AYUD to acquire a 99.99% stake in BT Insurance Co Ltd (BTI) from CIMB Thai at an in (Mon, 15 Mar 2010 10:15:34 GMT)
Insurance Fraud Booms During Recession
"The sour economy is producing a bumper crop of cash-strapped consumers, business owners and shady agents who're fueling a wave of insurance fraud that's keeping regulators and law enforcement officials busy from coast to coast," McClatchy reports. "Whether it's worthless health plans peddled by fax, staged auto accidents, arson or slip-and-fall accidents at the local mall, insurance fraud of ... (Mon, 15 Mar 2010 10:31:56 GMT)
A question of money: Laptop insurance redress
Question: I bought a laptop, which included a warranty — underwritten by an insurance company — that promised me a replacement after three years. Related Stories Consumer complaints rising but are we being listened to? A question of money: How to get the right mortgage provider for you? A question of money: How do I best protect my savings when banking? Dire interest rates see fewer saving and ... (Mon, 15 Mar 2010 12:16:06 GMT)
A question of money: Laptop insurance redress
Question: I bought a laptop, which included a warranty — underwritten by an insurance company — that promised me a replacement after three years. Related Stories Protect yourself from ever increasing online bank fraud (Mon, 15 Mar 2010 12:22:28 GMT)
Massachusetts Warns Car Dealers over Insurance Advice
Auto dealers in the Bay State must be careful of what they tell car-buyers about purchasing insurance, the Massachusetts Division of Insurance warns dealers in a newly issued bulletin. State law ... (Mon, 15 Mar 2010 13:11:51 GMT)
West Virginia to Create Electronic Auto Insurance Verification System
West Virginia lawmakers want to give police and the courts an easy way to verify whether a driver has required liability insurance. The House has approved a measure previously backed by the Senate ... (Mon, 15 Mar 2010 13:41:51 GMT)
West Virginia Lawmakers Approve Insurance Liens for Cities
Lawmakers have signed off on allowing West Virginia's cities and towns to tap insurance proceeds when clearing away buildings destroyed by fire. The Senate has sent Gov. Joe Manchin his proposal ... (Mon, 15 Mar 2010 13:57:42 GMT)
Daily Q&A: What impact do recalls have on automobile insurance?
What is the impact of automobile recalls on my insurance coverage? (Mon, 15 Mar 2010 14:16:51 GMT)
Farmers Insurance to sponsor Torrey Pines
Farmers Insurance must have liked what it saw at Torrey Pines in its 10 days as a title sponsor. It decided Monday to sign up for the next four years, filling an important hole of title sponsorship in the PGA Tour schedule. PGA Tour commissioner Tim Finchem did not disclose financial terms, saying only that the purse next year would be $5.8 million, an increase of $500,000 from this year. (Mon, 15 Mar 2010 20:03:08 GMT)
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