Insurance News 03/2010 (Page 2)
Romney hits Obama for bashing insurance companies (Reuters via Yahoo! News)
Potential Republican presidential candidate Mitt Romney criticized President Barack Obama on Friday for his recent attacks on health insurance companies.
(Mar 5, 2010)
Eastern Insurance to pay 7 cent dividend (AP via Yahoo! Finance)
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.
(Mar 5, 2010)
Fla. Insurance Case Could Set Precedent for Hurricane Claims (Law.com)
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 ...
(Mar 6, 2010)
Lawyers want BNM to reveal crash insurance revamp details (The Malaysian Insider)
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 ...
(Mar 6, 2010)
Thailand offers tourists free insurance (Thailandnews.net)
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...
(Mar 6, 2010)
Insurance money seen as motive for deadly arson (Denver Post)
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.
(Mar 6, 2010)
Cicero fire set for insurance money: prosecutors (Chicago Sun-Times)
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 ...
(Mar 6, 2010)
Crop insurance available through FSA (The Norwood Post)
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.
(Mar 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.
(Mar 6, 2010)
Cops say Bennington man set fire to wife's home for insurance money (The Burlington Free Press)
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.
(Mar 6, 2010)
Ariz. hesitant to take stimulus money to expand unemployment insurance eligibility (The Arizona Republic)
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.
(Mar 7, 2010)
Women pay more, face hurdles finding insurance (The Salt Lake Tribune)
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.
(Mar 7, 2010)
GIVING BACK: Allstate Insurance workers volunteer in many programs (Detroit Free Press)
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.
(Mar 7, 2010)
Political Notebook: Insurance commissioner candidate (Tulsa World)
Tulsa insurance agent John Doak has declared his candidacy for state insurance commissioner.
(Mar 7, 2010)
Californians shaken by cost of quake insurance (The Morning Call)
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.
(Mar 7, 2010)
State insurance program draws wide interest (Post-Tribune)
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 ...
(Mar 7, 2010)
New parish insurance contract saves Iberia money (The Daily Iberian)
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.
(Mar 7, 2010)
Kline Twp. owes McAdoo $15,000 for insurance (The Hazleton Standard-Speaker)
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
(Mar 7, 2010)
Crop insurance available through FSA (The Norwood Post)
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.
(Mar 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.
(Mar 7, 2010)
A.I.G. Is Set to Sell a Life Insurance Unit to MetLife (New York Times)
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.
(Mar 8, 2010)
QBE Insurance Examining Opportunities for Premium Growth in 2011 (Bloomberg)
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.
(Mar 8, 2010)
AIG raises $15.5 in sale of Alico insurance unit to MetLife, will use proceeds to repay govt (Minneapolis-St. Paul Star Tribune)
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.
(Mar 8, 2010)
Is Travel Insurance Right for You? (ABC News)
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 ...
(Mar 8, 2010)
AIG raises $15.5B in sale of Alico insurance unit to MetLife, will use proceeds to repay gov't (Minneapolis-St. Paul Star Tribune)
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.
(Mar 8, 2010)
Nuttall 'paid as insurance' (The Courier Mail)
EX-Cabinet minister Gordon Nuttall was corruptly paid $60,000 by a businessman as "insurance" for future dealings with the Government, a jury heard.
(Mar 8, 2010)
Survey Reveals Health Insurance and Access to Care Not So Closely Linked (redOrbit)
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.
(Mar 8, 2010)
Tune Money offers travel insurance (The Edge)
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.
(Mar 8, 2010)
President Obama attacks insurance companies in bid for public support on health overhaul (Minneapolis-St. Paul Star Tribune)
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.
(Mar 8, 2010)
Selective Insurance Announces Several Promotions (Insurance Journal)
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 ...
(Mar 8, 2010)
AIG sells Alico insurance company to MetLife (Washington Post)
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.
(Mar 8, 2010)
'Insurance for all' plan for dogs (BBC News)
All dog owners in England and Wales would need insurance against their animals attacking people under Labour proposals.
(Mar 9, 2010)
Pan Africa Insurance of Kenya Says it Posted an Annual Profit (Bloomberg)
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.
(Mar 9, 2010)
Senate to Take up Unemployment Insurance Extension (ABC News)
Senate to act on unemployment insurance, tax breaks for individuals and businesses Unemployment benefits - Senate - Tax - Insurance - United States
(Mar 9, 2010)
Four Types of Insurance Businesses Need (TheStreet.com)
Small businesses ought to protect themselves with insurance that will keep them from losing it all.
(Mar 9, 2010)
Are dental insurance premiums deductible? (Bankrate.com via Yahoo! Finance)
There are two ways taxpayers can deduct dental insurance and long-term care premiums.
(Mar 9, 2010)
Obama Takes Aim At Health Insurance Companies (NPR)
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.
(Mar 9, 2010)
Obama launches attack on insurance companies (Washington Post)
Strategy change attempts to ratchet up the pace and the populist appeal of the administration's rhetoric against the health insurance industry.
(Mar 9, 2010)
Senate to take up unemployment insurance extension (AP via Yahoo! News)
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.
(Mar 9, 2010)
Mandatory insurance proposed for UK dogs (AP via Yahoo! News)
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.
(Mar 10, 2010)
Activists picket at health insurance conference (CNN)
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.
(Mar 10, 2010)
Swiss Re sees $4-$7 billion insurance losses from quake (Reuters via Yahoo! News)
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.
(Mar 10, 2010)
Barack Obama comes to town hoping to sell health insurance overhaul (St. Louis Post-Dispatch)
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.
(Mar 10, 2010)
Surprising Ways to Save Money With Insurance (ABC News)
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
(Mar 10, 2010)
Swiss Re puts Chile quake insurance cost at $4-7BN (AP via Yahoo! News)
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.
(Mar 10, 2010)
Swiss Re puts Chile quake insurance cost at $4-7BN (San Francisco Chronicle)
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
(Mar 10, 2010)
Swiss Re Puts Chile Quake Insurance Cost at $4-7BN (ABC News)
Swiss Re puts total cost to insurance industry of Chile quake at $4-7 billion Insurance - Swiss Re - Business - Chile - Financial Services
(Mar 10, 2010)
WATCH: Hidden Insurance Benefits Save Money (ABC News)
Elisabeth Leamy offers five tips to save money on insurance.
(Mar 10, 2010)
North Carolina Woman Arrested in Alleged Staged Robbery for Insurance Money (Insurance Journal)
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 ...
(Mar 10, 2010)
Va. General Assembly votes to ban mandatory health insurance coverage (Washington Post)
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.
(Mar 10, 2010)
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