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Insurance News 11/2011



California Health Insurance Company, Sofi Insurance, Now Helps Clients Find Affordable Health Coverage
LOS ANGELES -- One hot topic that everyone in California and the rest of the country is thinking about is health care. As health insurance companies continue to lower prices in order to corner the market, ...

Life Insurance: Avoid Universal and Variable Policies
Life insurance really has only one purpose: replacing the income of someone who dies prematurely. If you die, you want your loved ones to live the lifestyle they're accustomed to.

Westfield Insurance Donates $20,000 to Support Pennsylvania Flood Relief Efforts
WESTFIELD CENTER, OH-- - Westfield Insurance will present a $10,000 check to Lutheran Disaster Relief of Lower Susquehanna Valley at 3 p.m. on Friday, Nov. 4, 2011 at their Lancaster, Pa. office. This ...

Dealing With Your Life Insurance Agen
Before you buy a life insurance policy, understand the coverage. Ask your agent for these details.

What You Need To Know About Insurance Fraud
Insurance fraud is as old as commerce. Discover the types of life insurance fraud and how they affect you.

Insurance group gives top safety ratings to five minivans
Insurance trade group gives top safety ranking to 2012 Chrysler Town & Country, Dodge Grand Caravan, Volkswagen Routan, Honda Odyssey and Toyota Sienna minivans.

TEXT-S&P affirms rtg on Jupiter Insurance at 'A'
Nov 02--- Jupiter Insurance Ltd. qualifies as a captive insurerunder Standard & Poor's captive methodology and as such is ratedat a level commensurate with its parent.-- We are therefore affirming ...

Flood insurance misconceptions: 8 facts you should know
If you don't think your home is at risk for flooding, think again. People outside of high-risk flood areas receive one-third of disaster assistance for flooding and file more than 20 percent

Follow These Tips To Score A Better Life Insurance Policy
Life insurance really has only one purpose: replacing the income of someone who dies prematurely. If you die, you want your loved ones to live the lifestyle they're accustomed to.

First Person: My Car Insurance Education Is Saving Me $25 a Month
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Self-inflicted car insurance wounds: I crashed into myself!
Drivers often are their own worst enemies, causing car insurance claims and failing to recognize the things they could have done -- or not done -- to avoid them.

Insurance group Aviva logs falling sales
British insurer Aviva said on Thursday that sales recoiled in the first nine months of 2011, but added it was on course to meet its annual targets despite challenging conditions.

Is iPhone insurance worth it?
When you decide it's time to upgrade to a new smartphone, it sets in motion a major shopping project. These are, after all, pocket-sized computers these days, with a constellation of apps, cameras, voice recognition tools and a host of other bells and whistles.

Insurance exchanges could harm states' autonomy
WASHINGTON (Reuters) - Some of the federal healthcare law's requirements related to insurance exchanges threaten the autonomy of U.S. states, which need more support in establishing the marketplaces, state governors said in a letter released on Thursday.

Insurance Penalties For Smokers Draw Wide Support
A solid majority — 59 percent — say that smokers should pay more for health insurance than nonsmokers in the latest NPR-Thomson Reuters Health Poll.

The Jekyll and Hyde of the Specialty Insurance Sector
Investing in the wrong industry could alter the complexion of your portfolio.

CGI Launches Fraud Detection Service for the Insurance Industry, Solution Powered by SAS
TORONTO, ONTARIO-- - CGI Group Inc. , a leading provider of information technology and business process services, today announced a new, state-of-the-art, comprehensive service to assist Canadian property ...

Sword Insurance Recognized as ACORD Standards Leader
BOSTON & LONDON--(BUSINESSWIRE)-- Three Employees Complete Rigorous ACE Certification; Sword Insurance Customer, Chubb, Wins Three 2011 ACORD Awards; Software Leader Secures Two ACORD Awards Sword Insurance ...

Give Your Life Insurance a Checkup
Are you getting the right amount of life insurance?

Flood Insurance Misconceptions: 8 Facts You Should Know
If you don't think your home is at risk for flooding, think again. F lood insurance is one of the most misunderstood types of insurance coverage.

Health Insurance Deduction for S-Corp
You can't claim a deduction for your health plan at the corporate level, but you can on Form 1040.

Need more life insurance?
This life insurance calculator is provided by Insure.com. Insure.com provides consumers with helpful information about life insurance, helps them find the right life insurance companies , and gives them the opportunity to receive free insurance quotes .

Farmers Insurance leads in consumer claim complaints
Farmers Insurance has received more complaints about its handling of homeowner claims than any other insurer in Texas, state records compiled by a watchdog group show. Farmers, whose various Texas units combine to make it the state's third-largest insurer, received 207 complaints from Oct. 1, 2010, to Sept. 30, 2011, according to Austin-based Texas Watch, which obtained complaint data from state ...

A scramble to shape the new health insurance exchanges
From insurance companies to drug stores to doctors, just about any industry that touches the health care system has a different opinion on how the Obama administration should shape the new insurance markets at the heart of the health-care reform law. But they all agree on one thing: now is the time to weigh in. Health and Human Services has received thousands of comments on preliminary exchange ...

Health insurance costs rising more slowly
Health insurance premiums for next year are still rising, but the rate of increase may be starting to slow, according to experts in the insurance field.

A health insurance exchange lobbying scramble, from drugstores to doctors
From insurance companies to drugstores to doctors, just about every industry that touches the health-care system has a different opinion on how the Obama administration should shape the new insurance markets at the heart of the health-care reform law. But they all agree on one thing: Now is the time to weigh in. The U.S. Department of Health and Human Services has received thousands of comments ...

Why health insurance is important in financial planning
Why one must take health insurance seriously to achieve the best in financial planning.

Health insurance exchanges begin to take shape
From insurance companies to drug stores to doctors, just about any industry that touches the health-care system has a different opinion on how the Obama administration should shape the new insurance markets at the heart of the health-care reform law. But they all agree on one thing: Now is the ...

Microsoft Software Assurance: Insurance? Or Extortion?
If you are like me you hate being asked to purchase insurance against a product failing. I regularly refuse insurance coverage for computers and electronics. It always seems underhanded for the product manufacturer to make claims about the reliability of their products yet ask you to pay extra for an "extended warranty".?? That said, hard ...

Willis Named Broker of the Year at the Asia Insurance Awards
LONDON--(BUSINESSWIRE)-- Willis Group Holdings plc (NYSE: WSH), the global insurance broker, was named “Broker of the Year” at the Asia Insurance Industry Awards in Singapore for being in the “vanguard ...

XL Insurance (Bermuda) Ltd Launches New Complex Situational Insurance Department
HAMILTON, Bermuda, Nov. 7, 2011 /PRNewswire/ -- XL Insurance (Bermuda) Ltd ("XLIB") today announced that it has created a new department within its Professional Lines unit to handle unique, complex insurance risks. The department, CSI-Complex Situational Insurance, will be led by former...

Insurance Technologies Welcomes Access Insurance Company into the TurboRater Comparative Rating System in Tennessee
Insurance Technologies Corporation, a leading provider of insurance rating, agency management, and website solutions, reported the addition of Access Insurance Company http://accessgeneral.com into the TurboRater comparative rating system in Tennessee.(PRWEB) November 07, 2011 Insurance Technologies Corporation, a leading provider of insurance rating, agency management, and website solutions ...

Insurance you don't need
Don't let some salesperson sell you insurance you may not have even heard of before they made their pitch.

Can insurance protect against a decline in your home value?
Tumbling home values around the country have tormented homeowners in recent years, particularly those who have had to sell in a declining real estate market. In response to dropping home values, the Home Value Insurance Company recently introduced a "Home Value Protection" insurance policy that pays if you sell your home at a loss.

Universal Insurance Holdings, Inc. Reports Third-Quarter and First Nine-Months 2011 Financial Results
FORT LAUDERDALE, FL-- - Universal Insurance Holdings, Inc. , a vertically integrated insurance holding company, reported net income of $1.0 million, or $0.02 per diluted share, in the third quarter of ...

Congress Eyes Income Insurance Protection for Farmers
Farm-state lawmakers are moving to create a whole new subsidy that would protect farmers when their revenue drops — an unprecedented program that critics say could pay billions of dollars to farmers now enjoying record-high crop prices. The subsidy, free …

Management: the limits of insurance in preventing large losses
The $40bn-plus bill for BP's Gulf of Mexico spill last year could pale in comparison with the costs of any similar event off the coasts of Europe, if moves by Brussels to extend an environment directive ...

Key man insurance: steps to secure against the loss of mission-critical staff
Every institution has key people without whom it would find it difficult to function, whether this be the chief executive of a publicly listed company or a star fund manager.

Prudential An Appealing Life Insurance Play
Prudential Financial offers solid annual stock return potential for shareholders.

Arbella Insurance Group Announces Partnership With Boston Bruins Goalie Tim Thomas
QUINCY, MA-- - The Arbella Insurance Group today announced a new, multi-year partnership with Boston Bruins Goalie Tim Thomas. Thomas will represent Arbella via television, radio and social media channels, ...

Strange Insurance Policies From Across The Globe
When you think of the world of insurance and its numerous policies, the first things which springs to mind are the standard forms of automobile, life and home coverage utilized by citizens throughout the U.S. However, the worlds glorious history is littered with examples of far more imaginative and creative insurance policies, ranging from the ...

XL Insurance (Bermuda) Ltd Launches New Complex Situational Insurance Department
XL Insurance (Bermuda) Ltd ("XLIB") today announced that it has created a new department within its Professional Lines unit to handle unique, complex insurance risks

Direct Travel Insurance is Shortlisted in the 2012 Consumer Moneyfacts Survey in the Best Travel Insurance Provider ...
LONDON, UNITED KINGDOM-- - Direct Travel Insurance has been informed by Moneyfacts Group plc it has been shortlisted to their annual Consumer Moneyfacts Survey because its products are technically amongst ...

Individual Health Insurance For Dummies - eHealthInsurance Publishes Free Book to Help Educate Consumers
MOUNTAIN VIEW, CA-- - Today eHealthInsurance , the leading online source of health insurance for individuals, families and small businesses, announced the release of its new book, Individual Health Insurance ...

Can you drive without car insurance?
Sure, you can legally drive without car insurance . Just make sure you have a lot of money. In Ohio, for example, you can get by with proof of financial responsibility. How do you

Insurance Industry is a Leading Economic Driver in Ontario: Conference Board
Insurance Industry is a Leading Economic Driver in Ontario: Conference Board

Proposed health insurance rate regulation initiative submitted
Consumer group files papers to try to qualify a health insurance rate regulation initiative.

First Person: You've Been Turned Down for Health Insurance. Now What?
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First Person: What My Homeowners Insurance Covers, and What it Doesn't
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First Person: GAP Insurance Skipped, On the Hook for $5,000
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