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Insurance News 12/2011



Desjardins Financial Security launches Contact 360°™, an innovative disability insurance management and prevention ...
Desjardins Financial Security launches Contact 360°™, an innovative disability insurance management and prevention service offer for groups

Life insurance comes at a price for South Africans with HIV
As people with HIV live longer, South African life insurance providers are offering more policies to tap into a growing market, but for many people the premiums remain prohibitively expensive.

Farmers Insurance Claims Teams Helping Wind Storm Victims Throughout California
LOS ANGELES, CA-- - Farmers Insurance claims personnel, agents, District Managers and employees throughout California are helping victims of the wind storms that have continued steady the past two days.Farmers ...

Farmers Insurance Claims Teams Helping Wind Storm Victims Throughout Utah
LOS ANGELES, CA-- - Farmers Insurance claims personnel, agents, District Managers and employees throughout Utah are helping victims of the wind storms that have continued steady the past two days.Farmers ...

Insurance Solutions Helps Local Eateries Prepare for the Holiday Rush with Restaurant Insurance
The insurance experts at California-based Insurance Solutions know that the holidays are the busiest season for many local food suppliers.Mission Viejo, California (PRWEB) December 02, 2011 The insurance experts at California-based Insurance Solutions know that the holidays are the busiest season for many local food suppliers. From caterers to large, formal establishments, many California ...

5 myths about unemployment insurance
Congress is about to decide whether to renew unemployment benefits for the long-term jobless. Unless it acts by December 31, millions who have been unemployed for more than six months will begin losing benefits. With unemployment at nearly 9% and likely to remain high for the next few years, cutting off benefits for the long-term unemployed would have severe consequences for them and our economy.

Insurance firms agree to limit data
Six insurance companies and two IT software firms have agreed to limit the data they share with each other after a trading watchdog warned their actions could dampen competition in the motor insurance market.

Insurance body worried about impact of higher premiums on household clients
The Thai General Insurance Association is concerned that household and retail customers might be more seriously affected by higher insurance premiums resulting from the flood crisis than the business sector.

Insurance Brokers' Fees Won't Count As A Health Care Expense
That decision, in one of the regulations for implementing the health overhaul, is sure to disappoint insurance agents, as you might have guessed. But it's more important than you might have imagined. The ruling makes it more likely that insurers will have to pay rebates to customers.

Senators wade into flood insurance fray again
NEW YORK (Reuters) - Two members of the Senate have revived the debate over the federal government's flood insurance program, with one pushing to extend the program before it expires and the other demanding faster payment on existing claims. The National Flood Insurance Program has survived for years on a series of last-minute annual extensions. The program has an unsustainable debt load after a ...

Farmers Insurance Claims Teams Continuing to Help Wind Storm Victims Throughout Utah
LOS ANGELES, CA-- - Farmers Insurance claims personnel, agents, District Managers and employees throughout Utah are continuing to help victims of the wind storms that have continued steadily this week.Farmers ...

Farmers Insurance Claims Teams Help Wind Storm Victims Throughout New Mexico
LOS ANGELES, CA-- - Farmers Insurance claims personnel, agents, District Managers and employees throughout New Mexico are helping victims of the wind storms that have continued steadily this week.Farmers ...

Insurance experts say look at your policy, prevent further damage and avoid insurance fraud
State Insurance Commissioner Dave Jones said Friday he expects a high number of damage claims in the San Gabriel Valley following the devastating Thursday winds that destroyed homes and cars from Pasadena to Azusa.

5 Lifestyle Apps to Help You Get Cheaper Life Insurance
Life insurance is necessary for every family. It can provide a sense of security as well as assure that your goals for your family can still be met even after you're gone. Yet, for all these benefits, a good life insurance policy can be quite expensive. While you do not want to skimp now and ...

Where car insurance fraud is a sport
The accountant tapped the bumper of the van in front of her while creeping along in Tampa's rush-hour traffic. The van's driver said he was fine. Then he called an accident referral service.

Insurance agent: Fire a reminder
Insurance. It's something that comes in handy when you need it. So as Pulaski fire victims try to pick up the pieces, some say the blaze should be a lesson to everyone.

Bay State health insurance premiums highest in country
Massachusetts has the most expensive family health insurance premiums in the country, according to a new analysis that highlights the state's challenge in trying to rein in medical costs after passage of a landmark 2006 law that mandated coverage for nearly everyone.

How Old Is Your Health Insurance ?
Have you had your medical insurance plan for more years than you can count? Unlike fine wine, health insurance policies do not necessarily improve with age. Recently a gentleman came in to the office who had the same medical insurance policy for “the past 20 some years” in his words.

Business Insurance 's 2011 Women to Watch
Business Insurance's annual Women to Watch feature recognizes individuals doing exceptional work in risk management, benefits management, commercial insurance and related fields. Meet this year's honorees.

Employers consider cutting health-insurance premiums for lower-paid workers
At most companies, employee health insurance premiums vary only by family size and type of plan. At a small percentage of firms, however, another variable is taken into account: salary. At these companies, workers’ premiums are pegged to how much they earn. Workers who earn less, pay less. Now, as employers look toward 2014 — when companies that don’t offer affordable coverage to their workers ...

Philadelphia Financial to Acquire Private Placement Insurance Operations Unit From The Hartford
PHILADELPHIA, PA-- - Philadelphia Financial Group, Inc., a leader in the ultra-high net worth private placement insurance market, today announced its agreement with affiliates of The Hartford Financial ...

Insurance Auto Auctions Footprint Leads the Industry with a Relocation to an Even Larger Auction Facility in Shirley ...
Insurance Auto Auctions, Inc. (IAA) the leading live and live-online salvage auto auction company and ...

Manulife Financial Makes Travel Insurance Convenient and Easy
Manulife Financial Makes Travel Insurance Convenient and Easy

First Person: The 4 Insurance Policies I Just Don’t Need
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.

Universal Insurance Holdings, Inc. Declares $0.14 per Share Year-End Cash Dividend
FORT LAUDERDALE, FL-- - Universal Insurance Holdings, Inc. announced today that its Board of Directors declared a year-end cash dividend of $0.14 per share on its common stock. The dividend is payable ...

San Francisco Bay Area Insurance Agency Achieves Record $5 Billion in Life Insurance Coverage in Force
WALNUT CREEK, CA-- - The San Francisco Bay Area Insurance Agency LLC , a Massachusetts Mutual Life Insurance Company general agency based in Walnut Creek, Calif., announced today it has reached an agency ...

Insurance bigs sat on cash owed NYers 
Insurance companies will pay out a total of $52.6 million in overdue life insurance benefits to nearly 8,000 beneficiaries after the government ordered the insurers to do their homework.

Insurance firms agree on limits to exchange of pricing intentions
Six insurance companies and two IT software and service providers have agreed to change the way price information for motor insurance is shared following concerns that previous practices were violating competition laws.

Life Insurance In China
Last week, it was announced that New China Life Insurance Co., a state-backed insurer that is partially owned by Zurich Financial Service AG and is the third-largest life insurance company in China, may raise up to $2.3 billion in an initial public offering in Hong Kong and Shanghai.

Obamacare's MLR 'Bomb' Will Create Private Insurance Monopolies and Drive Premiums Skyward. Hallelujah!
The bottom line is that Obamacare’s MLR regulations won’t deliver us a utopia of government-run single-payer health care. Instead, they will usher in a new era of private insurance monopolies and significantly drive up the cost of health insurance, things that neither liberals nor conservatives should cheer.

Ignoring Warnings, Investors Seek Returns Through Insurance
The spike in demand for whole life has helped spur insurers to launch new marketing campaigns in recent weeks.

Health insurance for poor? Maine eyes cutting it.
Health insurance program costs Maine $40 million in the past two years, says governor, who's expected to unveil plan that cuts the health insurance initiative.

Pethealth Inc. Pet Insurance Provider Launches "Home for the Holiday Cheques" Campaign
OAKVILLE, ONTARIO-- - Pethealth Inc.-There's nothing quite like the gift of a little extra cash before the holidays, which is why pet insurance representatives of Pethealth Inc. are spreading holiday cheer, ...

Pethealth Inc. Pet Insurance Provider Launches "Home for the Holiday Checks" Campaign
ROLLING MEADOWS, ILLINOIS-- - Pethealth Inc.-There's nothing quite like the gift of a little extra cash before the holidays, which is why pet insurance representatives of Pethealth Inc. are spreading holiday ...

Uncle Sam Can Help You Pay For Long-Term Care Insurance
If you’re in the market for long term care insurance, you may be able to snag a tax deduction to make it more affordable.

Life Insurance In China
With most of China's largest insurance companies going public, Jack explains how China's insurance industry has grown so fast, so quickly.

What to do if your family holds a life insurance policy hostage
Imagine this nightmare scenario: A relative has just died and you know he or she had life insurance. What you don't know, however, is which insurer issued your loved one's life insurance policy -- and there are hundreds of life insurance companies in America.

Markel to buy Thompson Insurance Enterprises
Specialty insurance provider Markel Corp. said Wednesday it is buying the privately held company Thompson Insurance Enterprises LLC.

Infants: Public insurance better, cheaper
SAN DIEGO, Dec. 8 (UPI) -- Public health insurance coverage for infants is more comprehensive and costs less than private health insurance plans, a U.S. researcher found.

Insurance Industry Charitable Foundation Harnesses New Technology to Reach Independent Agents
Insurance industry charity makes use of new technologies offered by the 2012 Virtual Insurance Marketplace to reach the industry’s independent agents.Walnut Creek, CA (PRWEB) December 08, 2011 The Insurance Industry Charitable Foundation (IICF) will make use of the new technologies available through the Virtual Insurance Marketplace to bring the organization’s philanthropic message to ...

Insurance policyholders leave nearly $270 million in rebates unclaimed
Money is from assessments imposed to pay off bonds issued by Louisiana Citizens Property Insurance Co.

Risk Strategies Company Acquires Global Insurance Network Inc.
BOSTON, MA-- - Risk Strategies Company , a national insurance brokerage and risk management firm headquartered in Boston, today announced that it has acquired Needham, Mass.-based Global Insurance Network, ...

5 Ways to Save on Auto Insurance
Ways to bring your rates down.

5 Ways to Save on Auto Insurance
Just like paying taxes and waiting in line at the DMV, paying for auto insurance is an inescapable part of modern life. If you live in a big city or in the suburbs and do not have a car, there is a good chance you may not be able to get to work very easily. Most states force drivers to purchase auto insurance by penalty of law and if you are caught without coverage, you could face stiff fines ...

Pronto Insurance Partners With U.S. Marine Corps Reserves Toys for Tots
BROWNSVILLE, Texas -- Pronto Insurance announced they are partnering this Christmas season with the U.S. Marine Corps Reserves Toys for Tots program as a Community Partner Sponsor. Pronto Insurance is ...

Gallup Shows Employer Health Insurance at New Low
Only 44.5 percent of Americans have health insurance through their employer.

Insurance Company IT Failures Diagnosed by X by 2's Sundaram in Best's Review
FARMINGTON HILLS, MI-- - Insurers' IT transformation projects often implode, levying devastating costs in time, money and morale, K. Ram Sundaram, senior principal of X by 2, writes in the November issue ...

Economix Blog: Uwe E. Reinhardt: Social Insurance and Individual Freedom
The United States might learn a good deal from Germany's approach to health care insurance, which provides both a broad net and significant individual choice, an economist writes.

Insurance Regulators Change Rules For Hurricane Deductibles
Get Business Mobile Text Alerts The next time Connecticut houses and buildings are damaged by a major storm swirling up the East Coast, property owners won't face higher insurance deductibles unless that storm has sustained hurricane winds recorded somewhere in the state.

Berkshire’s Krutter Says Insurance Regulators May Miss Next AIG
American International Group Inc.’s near failure in 2008 shows that government watchdogs may struggle to curb risk beyond insurers’ traditional underwriting businesses, an executive at rival Berkshire Hathaway Inc. said.