Insurance News 07/2010 (Page 4)
Insurance agent accused of misleading investors
A Richmond insurance agent funneled millions of dollars from people who thought they were investing in two of his companies into other ventures and used some of the money to pay earlier investors, state regulators said yesterday. But Julius Everett "Bud" Johnson's two companies never put a dime from any ...
(Jul 26, 2010)
Insurance for product or service often bad deal
It's hard to buy anything these days without being asked, "Would you like to purchase insurance with that?" Earlier this month, I bought a new car and was offered an extended warranty and a separate policy that covered the paint job alone. (These sales... Insurance - Extended warranty - Warranty - Business - Financial Services
(Jul 27, 2010)
Insurance Australia Group Sees FY Profit; Makes Management Changes
Insurance Australia Group (IAG) announced that, based on preliminary results, it expects to post an insurance profit of A$493 million (US$445 million) for the full year of 2010, a decrease from ...
(Jul 27, 2010)
MDW Insurance Group Acquires Genesis Risk Advisors, LLC Insurance Agency
CORAL GABLES, Fla.----MDW Insurance Group, a 30-year-old full-service independent insurance agency, announced the asset acquisition of Genesis Risk Advisors, LLC, an insurance sales, risk management and consulting firm that offers a wide array of services including Property & Casualty insurance, Employee Benefits, Executive Benefits and HR Consulting for a wide range of clients throughout Florida.
(Jul 27, 2010)
Insurance for product or service often bad deal
It's hard to buy anything these days without being asked, "Would you like to purchase insurance with that?" Earlier this month, I bought a new car and was offered an extended warranty and a separate policy that covered the paint job alone. (These sales... Insurance - Extended warranty - Business - Financial Services - Warranty
(Jul 27, 2010)
Insurance agent charged with theft
RALEIGH A Lumberton insurance agent accused of pocketing premiums from his clients has been arrested. Michael Devon McLean, 34, of 2675 E. Seventh St., Lot 32, Lumberton, is charged with one cou...
(Jul 27, 2010)
Insurance: IAG Confirms Profit Slide
The chances of QBE buying rival Australian general insurer, Insurance Australia Group continue to fade.QBE's surprise 40% drop in forecast first half profit ended that dream as investors soured on the stock.In fact the market's disenchantment with QBE continued yesterday with the shares down another 54c (3.2%) to a new five year low of & #36;16.43.
(Jul 27, 2010)
Insurance Complaints Net $591,044 In Second Quarter
People who were in disputes with their insurance company and complained to the Connecticut Insurance Department collectively received $591,044 in payments that were previously denied.
(Jul 27, 2010)
Insurance Rates
More than a million Floridians could see an increase in their home insurance bills before the end of the year. Citizens Property Insurance is seeking an 11 percent rate increase and Castle Key, formerly known as Allstate Floridian, wants to raise its rates 33 percent. As Whitney Ray tells us, the industry claims some companies could go belly-up if theres a major hurricane.
(Jul 27, 2010)
Insurance Journal Seeks Nominations for Best Agencies to Work For
Is your independent insurance agency or brokerage firm a great place to work? Insurance Journal is once again on the lookout for the best independent insurance agencies and brokerages in the U.S. ...
(Jul 28, 2010)
Brit Insurance Opens Its Books to Apollo After $1.3 Billion Third Offer
Brit Insurance Holdings NV , the U.K. insurer that sponsors the England cricket team, granted Apollo Global Management permission to review its books after the private equity firm made an 851 million-pound ($1.3 billion) takeover offer, its third bid for the company.
(Jul 28, 2010)
Insurance violations result in penalties - Wed, 28 Jul 2010 PST
A Spokane Valley man has lost his insurance license and a second agent has been fined for bookkeeping so sloppy that one clients policy got cancelled because premiums were not forwarded to his insurance company, according to the Washington Insurance Commissioners Office. Ross Culverhouse had his license revoked after notifying his employer, Schrader & Murphy Insurance Inc., he had taken $700 ...
(Jul 28, 2010)
RSA Insurance to buy 123.ie
RSA Insurance said it has agreed to buy online insurance broker 123 Money for 65 million.
(Jul 28, 2010)
Insurance Regulators Seek Firm to Weigh Losses on Commercial Mortage Bonds
State insurance commissioners, seeking an alternative to rating firms Moodys Investors Service and Standard & Poors, are seeking a company to review investment losses that carriers may suffer on about 7,500 commercial-mortgage backed securities.
(Jul 28, 2010)
Insurance company announces move
A specialist insurance company announces plans to move to new multi-million pound headquarters at Gloucester Docks.
(Jul 28, 2010)
Insurance candidates pledge to help consumers
Two candidates for insurance commisioner sound off as to why they should be elected.
(Jul 29, 2010)
Prudential Insurance Sued Over Veteran Life-Insurance Claims, Lawyer Says
Prudential Insurance Co. of America was sued over its handling of veterans life-insurance claims, a lawyer for the plaintiffs said. The filing couldnt immediately be confirmed in court records.
(Jul 29, 2010)
Insurance Industry's Dirty Little Secret
Investigations Launched into Whether Life Insurance Companies are Taking Advantage of Grieving Families
(Jul 29, 2010)
Insurance agent completes program
BINGHAMTON Nick Brewster -- a certified insurance counselor, insurance agent and president of the BAC Agency -- has successfully completed the annual continuing education requirement of the Society of Certified Insurance Counselors.
(Jul 29, 2010)
Insurance coverage gap exists in county
A higher percentage of people go without health insurance in Centre County than in any other county
(Jul 29, 2010)
Connecticut Insurance Department Recovers $591K in Second Quarter
The Connecticut Insurance Department said it recovered $591,000 last quarter for insurance buyers who complained to the state about coverage and claims issues. Department staff received 1,761 new ...
(Jul 30, 2010)
Insurance management experiences growth and job creation
Managed insurance companies in Malta, annual gross premium written by them and the number of jobs created in this sector have increased substantially over the last couple of years, according to the results of the 2010 market survey report, presented by the Malta Insurance Management Association.
(Jul 30, 2010)
Citadel Insurance declares 4% bonus rate
Citadel Insurance plc has announced a bonus declaration of 4% on all its with-profits policies.
(Jul 30, 2010)
NRMA Insurance Urges Queensland Drivers to Keep Eyes on Road
NRMA Insurance is urging Queensland drivers to reposition their portable GPS units and keep their eyes on the road, after running road tests to investigate their impact on driver attention and safety.
(Jul 31, 2010)
Insurance fraud rears its ugly head
The good news is automobile insurance in Ontario will not go up much under new rules that come into effect on Sept. 1, and might even go down slightly. The bad news is you are about to get less coverage for your buck
(Jul 31, 2010)
Life Insurance Company of LI Motivational Speaker Files Lawsuit
Principal Life Insurance, the life insurance company of Woodmere motivational speaker Jeffrey Locker, has filed a federal lawsuit saying that they will not pay the $4 million claim because Locker had lied about his income and other things when he bought the policy. Kenneth Minor, the suspect in the killing of Locker, who was stabbed and [...]
(Jul 31, 2010)
Mysterious 'insurance file' posted on WikiLeaks
Whistleblower website WikiLeaks has posted a mysterious encrypted "insurance file," touching off speculation about what it contains.
(Jul 31, 2010)
Life insurance firms mull riders to take policyholders for a ride
The dirty tricks departments in life insurance firms are busy at work to beat the new regulations for unit-linked insurance policy (ULIP) issued by the regulator, capping the various charges that they can levy on policyholders.
(Aug 1, 2010)
Health insurance assistance program expands in Sussex County
Newton The State Health Insurance Assistance Program (SHIP) is expanding in Sussex County.
(Aug 1, 2010)
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