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Insurance News 09/2011



LifeQuote Launches Educational Video Series for 2011 Life Insurance Awareness Month
In honor of Life Insurance Awareness Month 2011, LifeQuote is producing informative and educational videos to raise awareness about the importance of securing life insurance protection.Miami, FL (PRWEB) September 01, 2011 The nonprofit LIFE Foundation has coordinated Life Insurance Awareness Month (LIAM) every September to inform Americans of the need and importance of including life insurance ...

Calif. bill to regulate insurance rates pulled
The author of a bill that would have given California regulators the power to reject health insurance rate increases said Wednesday that he has pulled it from consideration this year.

Northeast Bancorp insurance division acquired
Northeast Bancorp says its insurance division, Northeast Bank Insurance Group, has been acquired in two separate transactions for a total of $9.7 million.

Insurance Noodle Expands Online Quoting Platform
Insurance Noodle, part of Willis North America, a unit of Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today announced that ...

Insurance Plus Agencies Explains How Underground Pipelines Could Affect Homeowners in Ohio
Local coverage experts, Insurance Plus Agencies, discuss the importance of updated insurance policies.Gallipolis, Ohio (PRWEB) September 02, 2011 Insurance Plus Agencies understands why so many people love living in Ohio. In addition to the ever-exciting college football games, many residents appreciate the low natural gas prices in the state. However, the aging underground pipelines that ...

Comment on State website to help shop for health insurance.
I dont feel like i should be forced to have health insurance, I think everyone would like to have health insurance if they could afford it. If you need affordable health insurance search online "Penny Health" or you dont want to be with out insurance any time.

Keep inflatable fun grounded with insurance
Inflatable bounce houses are fun, until someone gets hurt. Be sure your family is safe and insured.

Insurance Coverages for Companies to Protect Against Hurricanes and Other Natural Disasters
Since we are in the teeth of the Atlantic storm season, risk managers should check their property and business interruption policies.

NY says Irene damage covered in flood insurance
New York's insurance chief on Thursday warned that some insurers are trying to get out of payouts under flood insurance for damage from Tropical Storm Irene.

Total Insurance Services Inc Selected For "Chicago's Largest Commercial Insurance Brokers"
Total Insurance Services Inc of Northbrook, IL has been honored with a recognition by Crain's Chicago Business in its selection of "Chicago's Largest Commercial Insurance Brokers."

Insurance hitch stalls Lehman accord
THE Australian creditors of Lehman Brothers Holdings, who agreed to settle claims in mediation, will have to wait for a judge's ruling on a class-action suit filed by town councils before they can get any money.

How a Roommate Could Trigger an Insurance Headache
As the economy sputters, inviting someone to live with you in the home you own may seem like a clever way to cut costs. But check with your home insurance company to make sure everyone has proper insurance coverage - the wrong move could spell trouble, insurance experts say.

Insurance companies win legal battle
Insurance companies have won a legal battle with the Earthquake Commission - meaning its bill for the Canterbury quakes is likely to jump again.

Insurance costs hinge on summit
Earthquake Minister Gerry Brownlee travels to Monte Carlo next week to sit across the table from some of the world's biggest risk-takers.The outcome could save - or cost - every homeowner in New Zealand hundreds of dollars each...

Without Insurance, 24-year-old Dies of Toothache
A 24-year-old Cincinnati father died from a tooth infection this week because he couldn't afford his medication, offering a sobering reminder of the importance of oral health and access to dental care.

Model indicates coastal insurance rates should be lower, so why don't they drop?
A risk study indicates that coastal insurance rates should be lower by as much as 34 percent, but it’s not as simple as policyholders calling their insurance agents and asking for a one-third price cut.

10 risks your home insurance may not cover
Exclusions policyholders often aren't aware of Think you know what your home insurance policy covers? You may be surprised to learn of some risks that often aren't covered.

Scenarios - Katia and Lee threaten insurance companies
NEW YORK (Reuters) - Tropical Storm Lee is passing slowly over the Gulf Coast region of the southern United States, while Hurricane Katia is keeping forecasters guessing about where it will go and how fast it will get there.

Dennis Wentworth Joins Next Generation Insurance Group to Lead Higher Education Outreach
Boston - Next Generation Insurance Group (NGI), a licensed specialty insurance agency and the nation’s first comprehensive insurance provider focused on the collegiate and young adult markets, has named Dennis Wentworth senior vice president responsible for college and university relations.

Insurance agents busy with damage claims
Insurance agents have been flooded with calls as early as the day Hurricane Irene battered Wilson properties, toppled trees and left widespread damage in its wake. Alan Winstead went to his Farm Bur ...

Insurance firm's city expansion
Insurance group Admiral says it is going to further expand its operations in Swansea with the aim of creating 200 new jobs.

Women´s Car Insurance Lies Outstrip Men
BRISTOL, England, September 5, 2011 /PRNewswire/ Women are lying more than men on to get cheaper car insurance, new research from eCar has revealed; raising the question of why young men are being charged twice as much as women for their car …

Kenya: Top Insurance Companies Increase Grip on Market Share
Large insurance companies have increased their grip of the market reviving debate over consolidation and widening of the earnings gap between the top and low as tier firms.

Renter’s insurance: Crucial for students?
By: Anissa Stocks Peter Pepowski’s apartment was unlivable for three days. He said the remodeling of the Marcy-Holmes building this summer came with “awful” conditions — and damaged property. Each fall, students move into buildings surrounding the University of Minnesota and bring expensive electronics, bicycles, clothes and other personal items easily damaged or stolen. Some students are ...

In the UK Women's Car Insurance Lies Outstrip Men
Women are lying more than men on to get cheaper car insurance, new research from eCar has revealed; raising the question of why young men are being charged twice as much as women for their car insurance.

Home insurance premium hikes loom
HOMEOWNERS looking to renew their home insurance should brace themselves for rises in premiums of up to 15% by the end of the year, the Irish Brokers Association warned yesterday.

Scenarios - Katia and Lee threaten insurance companies
NEW YORK (Reuters) - Tropical Storm Lee is passing slowly over the Gulf Coast region of the southern United States, while Hurricane Katia is keeping forecasters guessing about where it will go and how fast it will get there.

Pets Best Insurance Recently Pays International Pet Insurance Claims
Pet Insurance Company, Pets Best Insurance recently covered several international claims, allowing their policyholders to rest assured that their pets are eligible for coverage even when they are temporarily out of the country.Boise, ID (PRWEB) September 06, 2011 Pet Insurance company, Pets Best Insurance, covers international claims, allowing policyholders to rest assured that their pets are ...

Insurance pool helping some afford health care
insurance pool

Ain't love grand? Unmarried couples get car insurance discounts
A growing number of states are adopting laws that give couples in domestic partnerships and civil unions many of the same rights as married couples.

INSURANCE FIRM TO PAY RM50,000 FROM NORAMFAIZUL'S POLICY
KUALA LUMPUR, Sept 6 (Bernama) -- Bernama chairman Datuk Abdul RahmanSulaiman said RM50,000 would be paid out by the insurance company where Bernamahad taken a term life insurance policy for the late Bernama TV cameraman,Noramfaizul Mohd Nor.In a statement today to clear the air about insurance coverage for Bernamaemployees, he said the term life policy covered death and also partial or ...

Will My Insurance Cover Hurricane Damage?
From broken windows to serious flooding, here's what homeowners can reasonably expect from standard insurance policies.

Goodnight, Irene. Good Morning, Insurance Agent
The process for filing insurance claims isn't getting any easier -- or cheaper. How to maximize your chances.

Nigeria: Passengers' Insurance Scheme; Who Are Benefiting?
Road accidents claim lives almost on a daily basis on Nigerian roads, leaving many with permanent disability. Despondently, no evident compensation is made available to accident victims or bereaved families, even though passengers are made to believe that there is an assurance policy on ground, in the event of an accident. NANNA SELKUR writes.

Insurance Noodle to Offer ACE D&O, E&O Coverage Through Online Hub
Insurance Noodle, part of Willis North America, a unit of Willis Group Holdings, has added has added the management and professional liability products of ACE Commercial Risk Services to the offerings of its online quoting platform for small commercial accounts. …

Alterra Announces Promotions in US Insurance Operations
HAMILTON, Bermuda--(BUSINESSWIRE)-- Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced several key promotions affecting its US operations. Stephen (Steve) J. Vaccaro ...

Insurance firms waive Conn. hurricane deductibles
Connecticut officials have announced that several more insurance companies have agreed to waive higher-cost hurricane deductibles for coastal property owners whose homes were damaged by Tropical Storm Irene.

DailyMarkets.com Releases 7 Tips on Finding the Best Car Insurance Quotes
With car insurance being the most popular type of insurance in the U.S., DailyMarkets.com has come up with a list of the 7 best auto insurance tips for people who want the cheapest and best way to insure their vehicles.New York, NY (PRWEB) September 07, 2011 DailyMarkets.com, a personal finance website based in New York that helps consumers save smarter and invest smarter, has just released 7 ...

Insurance claims
When a health insurance claim denial lands in the mailbox, do you figure the hassle of going to battle isn't worth it? Think again.

Does Your State Even Care What You Pay for Health Insurance?
After watching health insurance rates balloon in the last several years, you might wonder who has the consumer's back.

5 ways life insurance fits into financial plans
September is Life Insurance Awareness Month, and while a whole month might seem like a long time to focus on life insurance, it's actually a good opportunity to realize the important role life insurance can play in your life.

Healthcare costs rose while insurance coverage fell, studies show
The changes have left nearly half the working-age population without enough protection from illness. Altogether, 44% of American adults were either uninsured or underinsured last year, according to the Commonwealth Fund. U.S. workers whose wages stagnated over the last decade also saw their health insurance degrade, even as medical costs gobbled up a growing share of their income, two new ...

Mainstay Insurance Group Rebrands as Fulcrum Insurance Programs, Announces New Products
Program administrator Mainstay Insurance Group has changed its name to Fulcrum Insurance Programs, strengthening and expanding its commitment to serving both the interests of its retail broker and insurance carrier customers in the hospitality, real estate, habitational risks, and casino industries.Bellevue, Washington (PRWEB) September 08, 2011 Mainstay Insurance Group, founded in 2008 by ...

UPDATE 2-UK launches motor insurance probe
* OFT probing competition issues in motor insurance sector * OFT plans to publish its findings in December 2011 * Admiral shares edge lower (Adds analyst, industry comment, share price details) LONDON, ...

Government launches motor insurance probe
LONDON (Reuters) - Britain launched a probe into the country's 12 billion pound motor insurance market to determine whether certain consumers are being treated fairly and if there can be more effective competition in the sector.

Motor Insurance Market Under The Spotlight
The motor insurance market may face an inquiry as drivers endure massive increases in their premiums at a time they can least afford them.The Office of Fair Trading (OFT) has issued a "call for evidence" ...

Willis’ Martin Sullivan: “Insurance is the Underwriter of Progress”
LONDON--(BUSINESSWIRE)-- The insurance industry has a fundamental role to play both in helping the developed nations overcome their challenges, and in providing a foundation for the developing world’s ...

Bucks Blog: Is Earthquake Insurance Worth the Cost?
Weighing the cost of earthquake insurance.

Insurance companies face car insurance probe
Insurance companies are facing an investigation by the Office of Fair Trading after a year in which drivers have seen their premiums rise by 40 per cent.

State insurance advocate names PIP working group
State insurance consumer advocate Robin Westcott on Thursday announced the members of a working group on personal injury protection insurance. Curbing PIP fraud is a top priority of state lawmakers and CFO  Jeff Atwater . Gov. Rick Scott has said he supports making the coverage optional. Legislation intended to reform PIP laws stalled in the last session, and it's likely to be a huge issue in ...