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Insurance News 05/2011



8 spring insurance hazards: Are you covered?
Springtime is the season of warmer  temperatures, melting snow and soothing rain showers. While the mild weather is refreshing, it can also reveal damage inflicted by a long, cold and

Common insurance mistakes
W hen it comes to your home, your car, your health, your life and more, insurance is usually necessary. Still, why spend more on it than you need to?

RACQ Insurance counting costs
RACQ Insurance, the state's second-biggest home insurer, has come through one of Queensland's worst disasters with a bill far smaller than its rivals.

Insurance fund used to grease wheels of Quinn restructuring
BUSINESS OPINION:Can the blame for the massive insurance claim be laid entirely at Seán Quinn’s feet?

Capitol Journal: Making a case for regulating medical insurance in California
Breathtaking premium hikes have prompted California's new insurance commissioner to sponsor a bill that would require medical insurers to get state approval before increasing rates. Auto and homeowner insurance premiums have been regulated by the state of California for two decades. Maybe it's time that healthcare premiums are too.

Wells Fargo Insurance Services Senior Executives to Present at RIMS
VANCOUVER, British Columbia--(BUSINESSWIRE)-- Wells Fargo Insurance Services, part of Wells Fargo & Company, today announced a list of senior executives, including Wells Fargo Insurance Services President ...

Insurance ETFs May Trade on Loews Earnings
Insurance exchange traded funds (ETFs) were on Monday's agenda following quarterly results from Loews ( L ). The company said its first-quarter profit slipped to $382 million from $420

How to Get Retiree Health Insurance Before 65
There are several ways to maintain health coverage until you qualify for Medicare.

Frost Insurance Acquires Clark Benefit Group in San Antonio
Frost Insurance Agency, Inc., the insurance subsidiary of Frost, today announced it has acquired Clark Benefit Group, an independent San Antonio-based insurance agency that specializes in providing  employee benefits to small and mid-size businesses, effective May 1, 2011.

5 mistakes to avoid when buying car insurance
Think 15 minutes can save you money on auto insurance? Think again. When it comes to shopping around for car insurance quotes , you can fool yourself into thinking the lowest price

8 Spring Insurance Hazards: Are You Covered?
While the mild weather is refreshing, it can also reveal damage inflicted by a long, cold and snowy winter. In addition, spring floods and hail damage can be the source of new headaches.

Don't Take Life Insurance Payouts for Granted
State investigators are exploring whether too many beneficiaries fail to receive payments.

5 Mistakes to Avoid When Buying Car Insurance
Think 15 minutes can save you money on auto insurance? Think again.

DST on group life insurance policies
Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

How to Get Group Health Insurance Without an Employer
Just because you are self employed or don’t work for a company that offers group health insurance, that doesn’t mean you can’t get it. 

Most firms shun cyberthreat insurance, opt for self-reliance
NEW YORK, May 2 (UPI) -- Major companies are shunning insurance policies against threats from cybercrime and relying on in-house capabilities to beat the problem.

Insurance policies will be held in demat account
Like dematerialisation of securities, it will offer dual benefits of cost-effectiveness and convenience.

Wells Fargo Insurance Services Doubles Revenue Over Ten Years
CHICAGO--(BUSINESSWIRE)-- Company celebrates 10th anniversary with several growth initiatives Wells Fargo Insurance Services, Inc., part of Wells Fargo & Company and the fifth largest brokerage ...

Insurance companies boost investments in inner cities, rural areas
Major insurance companies are pumping $11 million in new investments into inner-city and rural areas that normally aren't served by large financial institutions. The money is part of a 14-year-old program called the California Organized Investment Network that's designed to...

Insurance firm pledges RM100 for each runner in marathon relay
MSIG Insurance, one of the largest general insurers in Malaysia, announced that they will be joining the Standard Chartered KL Marathon as a Gold Sponsor.

8 of the weirdest insurance policies
Insurance coverage can go way beyond auto, home and health. Even out of this world.

Alternatives to long-term care insurance
Consider options like "granny insurance" if long-term care premiums are making you ill.

Take steps now to ensure insurance benefits don’t go unclaimed after you die
Billions in unclaimed life insurance benefits are at the center of a legal wrestling match. Cash-strapped state governments are stepping up their efforts to make sure insurance companies account for the funds.

Health insurance exchange survives in GOP House
A health insurance proposal popular with business groups but not all conservatives survived important tests Tuesday in Colorado's Republican House.

Quinn Insurance jobs are 'safe'
The chairman of Liberty Mutual, which has acquired 51% of Quinn Insurance, says he is confident there will be no major job losses at the company.

United Insurance Holdings Corp. to Announce 2011 First Quarter Financial Results on May 11, 2011 and Host Quarterly ...
ST. PETERSBURG, Fla.--(BUSINESSWIRE)-- United Insurance Holdings Corp. (OTCBB: UIHC; UIHCW; UIHCU) (United or the Company), a property and casualty insurance holding company, announced today that it expects ...

ConsumerMan: 5 car insurance myths
No one likes to buy auto insurance. It is way too complicated. There is so much misinformation about coverage and pricing. Here are five common auto insurance myths.

House OKs limits on tax breaks for insurance policies that cover abortions
WASHINGTON — The House voted Wednesday to limit tax breaks for insurance policies that cover abortions. The bill, which passed 251-175, was the latest Republican effort to chip away at President Barack Obama’s health care overhaul and follow through on the GOP’s campaign promise to keep taxpayers from underwriting abortions. “Abortion is not health care,” said Rep. Jeff Fortenberry, R-Neb. Read ...

Take steps now to ensure insurance benefits don't go unclaimed after you die
Billions in unclaimed life insurance benefits are at the center of a legal wrestling match. Cash-strapped state governments are stepping up their efforts to make sure insurance companies account for the funds.

Plug the gaps in your disability insurance
Give your disability insurance coverage a boost with these five riders.

Denied! 6 foolish moves that destroy a car insurance claim
When you purchase car insurance , you hope your claims will be paid. But in many situations, your insurer can deny your claim because of things you've done. Negligence, criminal

Hasta la vista, baby: 5 reasons your insurance will be terminated
Insurance companies are like fair-weather friends: They'll drop you if you lie to them, owe them money or drink too much. As a general rule, car insurance companies do not have the right

7 Insurance Needs for Small Businesses
NEW YORK (TheStreet) -- Whatever size company you run, insurance is not something to take lightly. From customers hurting themselves in your store to employee wrongful termination suits, if you want to protect yourself and your business, take precautions and buy an insurance policy. It can come in various forms, though, from general to specialized, depending on the size of your company, industry ...

Insurance Industry Stock Update - May 2011
After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to some extent in recent quarters.

OPM’s insurance plan clearer, extends participation to same-sex partners
For the first time in nearly a decade, the Office of Personnel Management is holding an open registration season for the Federal Long Term Care Insurance Program, and administration officials are hoping they can get through it without a big blowup. It’s also worth noting that the program now allows same-sex domestic partners of federal employees to participate, unlike the other insurance ...

Property insurance measure heads to Florida gov
A property insurance overhaul aimed at generating more competition and reducing fraudulent sinkhole claims headed Thursday to Gov. Rick Scott after narrowly escaping the Florida Senate.

8 of The Weirdest Insurance Policies
Insurance coverage can go way beyond auto, home and health. Even out of this world.

United Insurance Holdings Corp. Announces Affiliation with GreatFlorida Insurance to Provide Property and Casualty ...
ST. PETERSBURG, Fla.--(BUSINESSWIRE)-- United Insurance Holdings Corp. (OTCBB: UIHC; UIHCW; UIHCU) (United or the Company), a property and casualty insurance holding company, announced today that the Company’s ...

Flood insurance is available, but unpopular
Flood insurance is available, but unpopular By paul beebe The Salt Lake Tribune Published May 6, 2011 06:28PM MDT There may still be time to buy flood insurance for buildings that could get smacked by water gushing down from Utah’s snow-laden mountains this spring. The key is timing. If the widely predicted torrent holds off for 30 days after buying federally backed flood insurance — the time it ...

Vt. seeks insurance for most residents
As soon as 2017, Vermont could become the first state to provide and pay for insurance for most of its residents under a plan passed by the Legislature Thursday. But it must first clear several significant hurdles, including persuading the federal government to allow the state to assume responsibility for Medicare and Medicaid enrollees and finding a way to pay ...

Seeking Business, States Loosen Insurance Rules
To lure business, some states are offering a refuge from rules, especially those requiring companies to set aside enough money to pay future claims.

Daily News Editorial: Insurance commissioner needs more power over medical insurance rates
Californians are required by law to buy auto insurance. You can't register your car without it; if you get pulled over, proof of insurance is one of the first things an officer asks for. If you don't have it, you get a ticket.

Mourning family's travel insurance claim denied
Q: I need your help with a travel insurance problem. We booked a trip to Cancun through Orbitz last year, and when we got to the last screen of the reservation, it offered us a travel insurance policy through Access...

Without flood insurance, Vermonters left high and 'dry'
Loading Photo Galleries ... Ali Kenney takes cover from wind-driven high water from Lake Champlain as she places sandbags outside her parents’ home on Appletree Point Road in Burlington on Monday.

Without flood insurance, Vermonters left high and 'dry'
Loading Photo Galleries ... Ali Kenney takes cover from wind-driven high water from Lake Champlain as she places sandbags outside her parents’ home on Appletree Point Road in Burlington on Monday.

Get the right insurance
Shayne Bauer-Ellsworth and her husband own their Grand Island home, so they have homeowner's insurance. They own a 2010 Dodge Caravan and insure it with a full coverage policy. The couple also has comprehensive health and accidental death policies. Ellsworth even has travel insurance.

CUSTOMER SUCCESS: Leading German Insurance Provider Reduces Mainframe Downtime with BMC Software
R+V Insurance, one of Germanys largest and most successful insurance providers, reduced the time spent on DB2® object changes by up to 80 percent with mainframe solutions from BMC Software ...

Trimming the Times: Insurance Loopholes; Cell Phone Coyotes
On the home page, the lead story about cash-strapped states enticing businesses with insurance loopholes shows a return to domestic news after a week peering abroad. There's also a report on increasingly sophisticated coyotes working the Mexican-American border, and a look at U.S. pressure on Pakistan to interview Osama bin Laden's former wives.

Life Insurance After 50
For anyone weary of writing checks to pay for life insurance, retirement used to spell relief. With the mortgage paid, the kids on their own, and Medicare and Social Security on the way, common

Zuffa set to offer fighters accident insurance
In a first for a combat sports promotion, Zuffa fighters will have their training injuries covered under insurance.