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Insurance News 03/2011



EU gender case hits insurance costs
Women are set to pay higher car insurance premiums and men will get smaller pensions following a European Court of Justice ruling.

Insurance won’t pay Sanitary District’s legal bills
MICHIGAN CITY — The Sanitary District’s insurance carrier won’t pay for the legal expenses the district has racked up since a federal raid on its facilities.

Insurance rates to soar for women
It's not been a great few months for motorists. Soaring petrol prices and rising insurance premiums have made it more expensive than ever to own a car. And the bad news is; it's about to get even ...

Women's insurance hit by EU court ruling
Insurance companies cannot use gender to assess risk and calculate the premiums paid by men or women for auto accident policies and pensions schemes, Europe's top court said on Tuesday.

European Court Bans Gender as Factor in Insurance
Under the ruling, insurance companies and pension plans in Europe cannot offer different contracts for men and women because that amounts to sex discrimination.

State to supervise windstorm insurance association
The Texas Department of Insurance placed the Texas Windstorm Insurance Association under administrative oversight on Monday. The decision is part of an investigation into "inappropriate, unprofessional, or unethical conduct" at the association.

EU court bans insurance sex discrimination
The European Union's highest court on Tuesday barred the insurance industry from charging different rates for men and women, saying the widespread practices amounts to sex discrimination against millions.

EU court bans gender-based insurance
Europe's top court on Tuesday banned insurance companies from basing prices on gender, ruling that making men pay more than women for life and car accident policies is discriminatory.

Sex bias insurance ruling to hit women
Millions of women across Europe could face higher premiums for motoring and pensions under a European Union ruling Tuesday that bans risk assessment based on gender.

EU court bans gender in calculating insurance price
Europe's top court on Tuesday banned insurance companies from basing prices on gender, ruling that making men pay more than women for life and car accident policies is discriminatory.

Court bans gender link to fix price of insurance premiums
INSURANCE PREMIUMS for women look set to rise significantly from next year following a ruling by Europe’s highest court prohibiting companies from using a person’s gender to determine prices.

Will your insurance company profit from you after your death?
Life insurance companies are in business to make money. They do so by charging people over their lifetimes. However, insurance companies have figured out a way to make money from you after you’ve died and your policy has supposedly been paid out to your beneficiaries.

Six ways to save on insurance
Learn the top tricks for saving money on this necessary expense.

Insurance bosses 'made £1m in scam'
Bosses of a Chorley-based insurance company pocketed an estimated £1 million from selling customers fraudulent policies that "were not worth the paper they were written on" a court has been told.

Car insurance change 'won't work'
One motorist who used to drive uninsured thinks changes to the law, which will make it illegal to keep a car without cover, won't make much difference.

Title insurance and me
My first-person narrative about buying a home in Boston (read it here) drew a flood of responses from readers, much...

Berkshire Hathaway enters India insurance market
Billionaire Warren Buffett's Berkshire Hathaway is entering the Indian insurance market as a corporate agent for Bajaj Allianz, the companies said.

Insurance bosses 'made £1m in scam'
Bosses of a Chorley-based insurance company pocketed an estimated £1 million from selling customers fraudulent policies that "were not worth the paper they were written on" a court has been told.

Committee Questions Insurance And Credit Link
A proposal to ban the use of insurance credit scoring systems to set premiums and deny, approve or continue insurance coverage drew support from a key committee on Wednesday. Assemblyman Paul Aizley, D-Las Vegas, the sponsor of Assembly Bill 162, received

GOP to relaunch flood insurance overhaul
Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel on Thursday.

Why You Need an Annual Insurance Review
A yearly insurance review should be part of every company’s risk-management program. It could save your business serious money.

Insurance to be reviewed
Government review to determine whether Canberra can provide insurance to protect homeowners and businesses.

Health Insurance Puzzle: Rising Premiums, Shrinking Coverage
Republicans are seizing on rising costs as evidence that the new health care law includes expensive features, but insurers say premiums are rising because of demand and cost of care.

In California, Rising Health-Insurance Premiums Spark Outcry
Listen to the Audio JEFFREY BROWN: Now, anger over insurance rate hikes and a battle brewing in California. NewsHour correspondent Spencer Michels reports. SPENCER MICHELS: People got angry when Blue Shield of California announced recently it would raise health insurance rates for some individuals as much as 59 percent. It was the fourth major insurance company to announce sharp increases for ...

Insurance review post Qld floods
Disaster insurance arrangements for householders and businesses are to be reviewed following the Qld floods.

Insurance won’t pay Sanitary District’s legal bills
MICHIGAN CITY — The Sanitary District’s insurance carrier won’t pay for the legal expenses the district has racked up since a federal raid on its facilities.

Nebraska Abortion Insurance Bill Moves Forward
Nebraska women with private health insurance will find it much more difficult to get an abortion, thanks to the advancement of Legislative Bill 22 this week in the Nebraska Unicameral.

Chuck Jaffe: Grow-up insurance for kids makes little sense
Life insurance on children is the stupid investment of the week.

Holocaust Survivors Win Support From Congress for Insurance Rights
Holocaust survivors struggling to collect what they say is $20 billion in Jewish life insurance policies never paid by European companies scored a major breakthrough this week when members of Congress filed legislation allowing them to sue.

Insurance review post Qld floods - govt
Disaster insurance arrangements for houses and businesses are set to be reviewed following the Qld floods.

Insurance review post Qld disasters
Disaster insurance arrangements for householders and businesses are to be reviewed following the Qld floods.

Michigan insurance company sues feds over wrecked Ferrari
Detroit— A Michigan insurance company sued the federal government today in U.S. District Court for at least $750,000 because an FBI agent wrecked a rare Ferrari two years ago, according to court records.

Travel Insurance: The Revolution Won't Be Covered
Most policies don't cover things like Egypt's unrest or New Zealand's quake. They typically pay off if you get sick and need a flight home

Earthquake insurance is worth a look
Despite the coverage's relative low cost, homeowners here tend to ignore it, columnist Jim Gallagher says.

Lawmakers to tackle insurance reform
The fight over insurance reform in Tallahassee could cost customers a lot of money.

Insurance reform could cost Floridians millions of dollars
TALLAHASSEE -- The free market could cost insurance customers millions of dollars this legislative session.

As many Arizonans struggle with rising health-insurance premiums, nearly 1.3 million face no insurance at all
For this group, one-fifth of the state's population, health care can come through a web of options.

Balance cost, coverage when buying insurance
For most people, the most valuable financial asset is the ability to work. And like any other asset, it needs to be protected.

Insurance Commissioner Jim Donelon says insurance market is competitive again
3-year rule's safety came at high price

Public employee unions will pitch plan on health insurance
Several union organizations representing public employees are expected to announce a major proposal today on municipal health insurance, as the Legislature considers how to rein in those spiraling costs.

Insurance House IPO witness good demand
Abu Dhabi - UAE, 7 th March 2011: The response during the first week of Insurance House's IPO, which began on 27 th February and ends tomorrow 9 th March, has been very encouraging.

Letters: Car insurance and sex discrimination
Zoe Williams is wrong to suggest differences in the pricing of motor insurance between men and women, which the European court of justice has ruled must cease from 21 December 2012, is "an insurance sales ruse" ( When it comes to car insurers scamming us, men and women are all equal , 3 March). Many readers are likely to share the view of Michele Hanson ( G2 , 2 March), who asks why, as a result ...

As many Arizonans struggle with rising health-insurance premiums, nearly 1.3 million face no insurance at all
For this group, one-fifth of the state's population, health care can come through a web of options.

Insurance broker switch could save borough big
Apparently by switching insurance brokers Kinnelon was able to save thousands of dollars in dental premiums.

Insurance, no. Crack, yes
A traffic checkpoint designed to check motorists’ insurance coverage instead turned up a stash of crack cocaine in one vehicle. The Webster Parish Sheriff’s CAD patrol set up the insurance checkpoint last week and netted four arrests, including one for possession of crack cocaine.

Insurance firms launch new plans
Term insurance policy provides a stated benefit only upon the holder's death, provided the death occurs within the policy period. There will be no stated benefits if the policy holder outlives the policy period.

Warnings You Should Ditch Your Insurance
BOSTON (TheStreet) -- Refinancing a mortgage can save you thousands of dollars. Rebalancing your portfolio at least once a year is standard advice. Keeping tabs on your retirement plan's performance and whether you are "on target" can be crucial. But when it comes to life insurance, many take a "set it and forget it" approach, setting the policy without so much as an occasional review for ...

Terrorism insurance up for renewal
The city is about to re-up its terrorism insurance. That's right, the city is insured to collect as much as $100 million in the event of "foreign and domestic terrorist acts as part of an effort to coerce the civilian...

XL Insurance Announces North America Programs Expansion with Three Executive Appointments
XL Insurance, the global insurance operations of XL Group plc , today announced expansion of its North America Programs team with the appointment of three executives including Quinnon K.

Insurance Companies Rethink Risk Of Wildfires
Fire insurance policies are getting too expensive for many homeowners — especially in wildfire-prone areas of Colorado and California. That's because some insurance companies are setting new, stricter standards for what they consider poor risks. Traditionally, they've relied on local fire districts to determine whether homes can be defended in case of a wildfire. But huge payouts in recent years ...