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Insurance News 11/2010



How to Budget for Business Insurance
David Levesque has had an entrepreneurial spirit since his days in college, when he managed the vending machine service at Johnson & Wales University – a business that did $380,000 annually in sales. When he opened his first coffee shop nearly fifteen years ago in Rhode Island, his dream of self-employment became a reality. He now has five shops under the Brewed Awakenings name in the Providence ...

Insurance 'death spirals' remain full of life
Nicholas Peppler, Fort Wayne, was healthy and only 23 years old, but he appeared to be in the beginning of a death spiral.

Insurance Commissioners Loom Large In Health Law
Voters don't give much thought to who runs their state department of insurance. And in many places no one can name the person holding this office. But as key provisions of the new federal health law begin to take effect, insurance commissioners will become paramount.

State insurance commissioner race unusually heated
The governor's race is getting more attention, but the campaign for state insurance commissioner might have higher stakes, as federal health care reform barrels toward California. "From a pocketbook perspective, the...

Insurance CommissionersLoom Large In Health Law
Voters don't give much thought to who runs their state department of insurance. And in many places no one can name the person holding this office. But as key provisions of the new federal health law begin to take effect, insurance commissioners will become paramount. read more

Insurance company opens locally
EATON RAPIDS - Allstate Insurance Company is proud to announce the opening of a new office.

How to Get Car Insurance—Despite Your History
A few tricks will help you get insured without breaking the bank, even if you have a bad history.

Insurance Companies Put the "Reject" Stamp on Some Emergency Response Fees
Insurance Companies Put the "Reject" Stamp on Some Emergency Response Fees

Bond insurance shrinks to industry of one
“Only child” Assured Guaranty would like competitors, but lack of new entrants raises questions about the future of the entire industry.

Insurance industry asked to prepare for oil and gas
Accra, Nov. 1, GNA - Captains of the insurance industry have been reminded that the discovery of oil and gas in the country has made it imperative for insurance companies to build adequate capacity and raise enough capital to enable the insurance companies to accept larger volumes of the businesses likely to flow in.

Insurance Costs Continue To Surge
The cost of health insurance continues to surge, and the effect of the new health law is still unclear, The Atlanta Journal-Constitution reports. "The national health care overhaul could have three possible impacts on insurance prices. The first is that the new law will hold down costs; the second is that it will have no effect - costs will just keep rising as they have for the past five or six ...

Self Insurance???Boost to Cash Flow but Risk (Cost Of Capital) As Well
Kenneth Hackel, president and founder of US Equity manager, CT Capital, believes the province of ins

Insurance Commissioner To Resign Nov. 12 For Job At PricewaterhouseCoopers
Get Business Mobile Text Alerts : Text BIZ To 37798 Connecticut Insurance Commissioner Thomas R. Sullivan, under fire in recent weeks for approving health coverage rate hikes of more than 30 percent, will resign Nov. 12 and take a job at PricewaterhouseCoopers.

Consumers who buy their own health insurance see steep hikes in premiums
Mike Nash expected his monthly health insurance premium to increase a little next year.

Health insurance amendment lagging
In an election season when ill will about federal health care reform is a driving force behind a national anti-incumbent surge, a state amendment designed to blunt the effects of that reform

Home insurance, credit score link unfair: brokers
Ontario's insurance brokers want the government to outlaw the use of credit scores to set home insurance premiums.

CALL FOR ACTION: WINK investigation uncovers more people being investigated for insurance fraud
You have insurance to protect yourself if the worst happens. But what happens if your insurance company suspects you of bilking the system? A WINK News Call for Action investigation reveals more people are being turned over and investigated for insurance fraud. We found out what that means, for you.

Hanover Insurance 3Q profit beats expectations
Hanover Insurance Group Inc. on Wednesday said its third-quarter profit rose 5 percent, topping Wall Street expectations, on investment gains and improving results from personal lines of property and casualty insurance.

RSA Insurance Nine-Month Revenue Increases 10 Percent on Emerging Markets
RSA Insurance Group Plc , the U.K.’s biggest non-life insurer by market value, said revenue climbed 10 percent in the first nine months of the year driven by growth in emerging markets.

Do you need yard sale insurance?
Homeowners insurance might fall short if a bargain hunter sues. Here's how to protect yourself.

Unemployment insurance costs to climb 40 percent
A recent report from the Associated Industries of Massachusetts (AIM) shows another setback for businesses in this state. Starting January...

Insurance M&A Activity Potentially on the Upswing, According to Towers Watson
An insurance industry merger and acquisition market that has recently begun to rebound -- underscored by MetLife’s November 1 acquisition of Alico -- could see increased activity over the next 12 to 18 months, according to global professional services company Towers Watson .

Income Insurance for 80-Somethings
Several insurers are selling longevity insurance intended to supplement incomes of people once they reach 80, a plan bought for a lump sum by people in their 60s.

Long-Term Care Insurance No Longer an Easy Sell
Fewer people are signing up for the coverage as some premiums rise, but millions of people approaching old age and their families may wish they had.

Insurance agent defrauds dozens in San Antonio
Before you buy insurance for your car or your home, beware! It could be a scam.

7 steps to find and buy car insurance
Don't overspend on auto insurance. Find out what you're getting and how much you're paying.

Health insurance: is your body fully covered?
As medical insurance costs rise, we show how you can reduce the bill.

Insurance: When to fight with your insurer
Some things bear repeating.

Insurance giant AIG posts $2.4B loss for 3Q
Insurance giant AIG is reporting a $2.4 billion loss for the third quarter, dragged down by hefty charges tied to selling off some assets.

Insurance Agency to award 500th Facebook fan
Local insurance agency, Insurance Zone, recently announced that they will award their 500th fan on the popular social media network, Facebook, with an exclusive, “Covered By Love,” Donna Burgess print. The print originates from the agency’s...

For People With Pre-existing Conditions, Insurance Prices Matter
Charge lower rates for health insurance and more people will buy it. Seems obvious, but the number of people with pre-existing conditions to buy federally subsidized insurance varies a lot by state. The reason has a lot to do with the prices.

7 Steps to Find And Buy Car Insurance
Don't overspend on auto insurance. Find out what you're getting and how much you're paying.

Homeowners association insurance protects board and titleholders from liability
Without the general insurance and directors and officers coverage, directors and officers can be held liable and would be negligent in permitting individual titleholders to be held liable as well. Question: It is my understanding that homeowners associations are required to carry insurance coverage to protect the titleholders and those who serve on the board from liability for actions conducted ...

Health insurance mandate began as a Republican idea
Republicans were for President Obama's requirement that Americans get health insurance before they were against it.

Cutting teen insurance costs
Keeping teen drivers on their toes, and not on the gas pedal, is key to lower insurance rates So you've been cruising along with affordable car insurance for years thanks to a clean driving record. Then, like an annoying fender bender during slow-moving traffic — bam — your premium skyrockets.

Money tip: Pet insurance not always a good bet
Pet insurance isn't worthwhile if a pet has a normal life and doesn't require pricey surgeries and treatments.

Homeowners association insurance protects board and titleholders from liability
Without the general insurance and directors and officers coverage, directors and officers can be held liable and would be negligent in permitting individual titleholders to be held liable as well. Question: It is my understanding that homeowners associations are required to carry insurance coverage to protect the titleholders and those who serve on the board from liability for actions conducted ...

Expert calls for national disaster insurance scheme
Leading insurance expert calls for introduction of a compulsory payment scheme to create a fairer system that will ensure equal treatment for people who lose their homes in a natural disaster.

Insurance drop-off after premiums rise
Higher premiums, underemployment and unemployment are key factors behind a drop-off in the number of Kiwis taking out health insurance, say industry players.

Insurance Auto Auctions Opens Larger Facility in San Diego
Insurance Auto Auctions, Inc. , the leading hybrid model salvage auto auction company and a wholly owned subsidiary of KAR Auction Services, Inc. , today announced the opening of its brand new, 35-acre facility in San Diego, California.

Insurance Networking News Recognizes 2010 INNovators
NEW YORK, NY--(Marketwire - 11/08/10) - Insurance Networking News ( www.insurancenetworking.com ) today released the results of its 2010 INNovators Award, a distinctive designation intended to advance the spread of business and technology acumen in the insurance industry. The 2010 insurance company winners were determined to have led or contributed to a business ...

Workers' health insurance costs for 2011 include higher premiums and co-payments
For millions of Americans who get their health insurance through their job, autumn brings not only falling leaves and cooler breezes, but also difficult choices. That's because it's the time when many employers present workers with their insurance options for the coming year.

Long journey for trip-insurance payment
Access America makes couple 'run and jump through hoops' for return of airfare Steve Simon knows a thing or two about insurance.

Disaster Strikes, Then Insurance Money Is ‘Hijacked’
The 2 Investigators look into a public insurance adjuster who has left fire victims high and dry after they signed repair contracts with him.

Health insurance costs for employees going up
This past year, overall premiums for employer-sponsored coverage rose an average of 3 percent.

Insurance rider funds long-term health care
As public and private interests lobby the state and federal government to allow Medicaid dollars to follow the patient, Connecticut’s private insurance industry took a step in that direction this fall.

Selective Insurance Group Announces Officer Appointments
Selective Insurance Group, Inc. announced the following appointments by its subsidiary, Selective Insurance Company of America:

Insurance savings to fund raises
Town, unions close in on contracts with raises funded by health insurance savings.

Nearly 59 million lack health insurance: CDC
Nearly 59 million Americans went without health insurance coverage for at least part of 2010, many of them with conditions or diseases that needed treatment, federal health officials said on Tuesday.

ING plans two insurance IPOs in U.S. Europe
Dutch banking and insurance group ING on Wednesday said it was planning two initial public offerings for its insurance activities as part of a mandatory split-up imposed because of its state bailout.