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Insurance News 09/2010 (Page 5)

Insurance group: Texting while driving bans don't work
Laws against using mobile devices to send and receive text messages while driving don't reduce crashes, according to a new study by the Highway Loss Data Institute.

Chaney probes Miss. insurance complaints
Insurance Commissioner Mike Chaney said his office is looking into a complaint that a retiree benefit adviser in the Pascagoula school system steered retirees to a private plan she was selling.

'I'm appalled'; Regence stops selling child-only insurance
Want to buy insurance just for your kid? As of Friday, don't bother shopping at Regence BlueShield.

Insurance sector must try out new ventures
LISTED insurance stocks on the local market have remained fairly undervalued relative to the common valuation multiples.

Health Law's Insurance Exchanges Pursued as Opportunity for Online Vendors
Companies that operate insurance shopping services, led by EHealth Inc. , are creating a new market from a provision in the U.S. health overhaul that requires each state to create an online exchange where consumers can compare and buy coverage.

Planned Merger of Pohjantähti and Pohjola Insurance to Create Insurance Jobs in Hämeenlinna
Press Release, 29 September 2010Pohjantähti Mutual Insurance Company and Pohjola Insurance Ltd will merge in April 2011, provided their respective extraordinary general meetings adopt the Boards´ joint merger plan. The extraordinary general …

Howard Dean: Health Care Bill a Bailout for the Insurance Industry
Former Democratic leader urges lawmakers to kill the bill and start over. Howard Dean - Health care - United States - Government - Presidential

Insurance Provides Value Catlin CEO Reminds London's Insurance Institute
"Insurers and brokers must remind themselves of the value that insurance provides to clients and to society as a whole," stated Stephen Catlin, chief executive of Catlin Group Limited*, in a ...

PLIA prepares for life insurance week
THE Philippine Life Insurance Association (PLIA), the umbrella organization of life insurance companies in the Philippines, is spearheading the celebration of the 15th Life Insurance Consciousness Week from Oct. 10 to 17. The PLIA’s activities during the week aim to create an awareness of what it is and the benefits it provides to the country and to Filipinos.

Unlicensed health insurance firms fined
The Illinois Department of Insurance said it has taken steps to prohibit several companies from "marketing and selling non-comprehensive health insurance" in the state without a license.

Backer of Pa. texting ban says insurance study off-base
Yesterday, insurance-industry researchers raised a stir by linking texting-while-driving bans to an unexpected uptick in accidents. Here's how Rep. Josh Shapiro, sponsor of a proposed ban in Pennsylvania, responded.

Insurance sector must try out new ventures
LISTED insurance stocks on the local market have remained fairly undervalued relative to the common valuation multiples.

McDonald's may drop health insurance: report
McDonald's Corp may cut health insurance for its nearly 30,000 hourly workers unless U.S. regulators waive a requirement of new health care legislation championed by President Barack Obama, The Wall Street Journal reported, citing a company memo.

AIG Agrees to Sell Japan Insurance Units to Prudential for $4.8 Billion
AIG Star Life Insurance Co. and AIG Edison Life Insurance Co. will be sold with $4.2 billion paid in cash and $600 million in debt, AIG said in a statement today distributed through Business Wire.

McDonald's, officials say insurance report false
McDonald's Corp and federal health officials denied a newspaper report that the fast food chain may cut health insurance for its nearly 30,000 hourly workers.

Post-Katrina Duties and Liabilities of Insurance Agents and Brokers
Following Hurricane Katrina, many insurance agents and brokers found themselves being sued by their customers when they realized that they were underinsured for their losses caused by the ...

Insurance Agent for Mississippi School System Denies Complaint
Mississippi Insurance Commissioner Mike Chaney said his office is looking into a complaint that a retiree benefit adviser in the Pascagoula school system steered retirees to private plan she was ...

Principal Financial to exit health insurance
Principal Financial Group Inc., an insurance, retirement and financial services company, says it's getting out of the health insurance business. It says the move will eliminate 150 jobs initially and more later.

Principal Financial to exit health insurance
Principal Financial Group Inc., an insurance, retirement and financial services company, said Thursday it is getting out of the health insurance business.

Principal Financial to Stop Selling Health Insurance
Principal Financial said that it planned to stop selling health insurance, another sign of upheaval emerging among insurers as the health law starts to take effect.

Health care law may hamper limited insurance plans
The new health care law could make it difficult for companies like McDonald's to continue offering limited insurance coverage to their low-wage workers.

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