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Insurance News 04/2012



George Norcross' slippery insurance deal with Delaware River Port Authority ... - The Star-Ledger
George Norcross' slippery insurance deal with Delaware River Port Authority ...

Motor insurance premium rates to go up
Place: New Delhi | Agency: PTI Owners of cars, commercial vehicles and two-wheelers will have to pay more towards insurance with enhanced motor insurance rates coming into effect from Sunday. The premium rates for third party motor insurance in certain ...

Insured catastrophe losses total $116 billion in 2011
Nevertheless, the insurance industry proved to be “highly effective” in dealing with the losses, which made 2011 the second-costliest year in insured losses. It was surpassed only by 2005, when a series of major hurricanes, including Katrina, ...

Automobile Insurance from FoxQuotes.com is Now Available in Orange County ...
Automobile Insurance from FoxQuotes.com is Now Available in Orange County ...

Insurance Commissioner Responds to Column
For the writer to suggest that much of the financial blame for the recession might lie on the shoulders of me or any previous North Carolina insurance commissioner is, simply put, ridiculous. And the call for my incarceration is completely without ...

Obama's insurance requirement not the only health mandate
WASHINGTON (AP) – The individual insurance requirement that the Supreme Court is reviewing isn't the first federal mandate involving health care. By Pablo Martinez Monsivais, AP In this May 12, 2009, file photo Jonathan Gruber, professor of Economics ...

More US employers tie health insurance to medical tests
Those who don't smoke, aren't obese and whose blood pressure and cholesterol fall below specific levels get to shave as much as $2000 off their annual health insurance deductibles. By William Rozier, for USA TODAY By William Rozier, for USA TODAY At ...

Auto insurance changes could affect premiums, acupuncture treatment
But what happens after that could affect insurance rates and medical treatment. "The way people seek medical attention after they're injured in a crash changes," says Lynn McChristian, Florida representative for the insurance education nonprofit ...

followup: Health insurance is not health care
In her Contexts essay, she said people were able to grasp the “individual mandate” – requiring everyone to purchase health care insurance – when she likened it to requiring vehicle owners have insurance. “This rule, I explained, is like car insurance, ...

Truth Needle: Teachers-union ad on health-insurance bill mostly true
A radio ad by the Washington Education Association says that part-time state senators get $850 a month for health-insurance benefits but the state spends only $384 a month on half-time teachers' insurance. By Andrew Garber We base our Truth Needle ...

Time will tell if new law fixes rampant car insurance fraud
Rick Scott made curbing fraud in the state's no-fault car insurance a high priority. A new law addresses the issue, but it might raise new issues. By Tia Mitchell TALLAHASSEE -- The long list of suspected car insurance scammers now includes food truck ...

TEXT-S&P summary: ORIX Life Insurance Corp.
(The following statement was released by the rating agency) Apr 02 - =============================================================================== Summary analysis -- ORIX Life Insurance Corp. --------------------- 02-Apr-2012 ...

'Obamacare' and rising health insurance premiums
“Six in 10 Americans are seeing their [health insurance] premiums rise. The average cost of a family policy is up $1300. Another part of President Obama's health care takeover will cost $111 billion more than promised.” --Voiceover in a Republican ...

Clal Insurance: Several Parties Interested In Buying US Unit Guard
Jerusalem (Dow Jones)--Clal Insurance Enterprises Holding Ltd. (CLIS.TV) said Monday it has received several inquiries about the purchase of Guard Financial Group Ltd., a US holding company in the insurance sector. The comment comes after several ...

JD Power and Associates Reports: Overall Customer Satisfaction with Homeowners ...
JD Power and Associates Reports: Overall Customer Satisfaction with Homeowners ...

Car Insurance Searches Soar at the Expense of Home and Travel
LONDON, UNITED KINGDOM, Apr 02, 2012 (MARKETWIRE via COMTEX) -- UK consumers made close to 2 million searches for insurance products online and queries for car insurance were the most popular. This is according to the latest report 'Insurance Sector ...

Mack-Cali Announces New Lease With Leading Insurance Provider at Harborside ...
Mack-Cali Announces New Lease With Leading Insurance Provider at Harborside ...

Leading Health Insurance Company in California, Sofi Insurance, is Now ...
Leading Health Insurance Company in California, Sofi Insurance, is Now ...

PreLicense.com(R) Becomes the First Insurance Exam-Prep Service to Add State ...
PreLicense.com(R) Becomes the First Insurance Exam-Prep Service to Add State ...

AM Best Affirms Ratings of National General Insurance Corporation (NAGICO) NV ...
AM Best Affirms Ratings of National General Insurance Corporation (NAGICO) NV ...

Insurance broker admits funneling millions in bribes to Toms River school official - The Star-Ledger
TRENTON — A former insurance broker admitted today that he helped funnel up to $2 million in bribes to a disgraced Toms River schools superintendent by padding insurance contracts with the district. The plea by the broker, Frank Gartland, ...

Can I list a friend on my insurance policy?
Would that person then be considered a named insured? Answer: The portion of the policy you appear to be asking about is the section that defines who owns the car. This is where you list yourself and any other co-owner that is on the title and/or ...

FoxQuotes.com Makes Driver Insurance Available in Napa County, California
FoxQuotes.com Has Announced That Residents Of Napa County Now Have Their Auto Insurance Available To Them. They Can Now Save Money On Insurance Driver insurance company FoxQuotes.com announced their services have made their way all the way to Napa ...

Is 'Black Box' Telematics Insurance the Future for Drivers?
LONDON, UNITED KINGDOM, Apr 03, 2012 (MARKETWIRE via COMTEX) -- More and more people are choosing to explore the benefits of having telematics insurance with motor trade insurance experts at Quote Me Today spotting a noted increase in the interest of ...

Commentary: Health care mandate is about personal responsibility
The public doesn't want private insurance companies to be able to throw people off their rolls for the sin of getting too sick, or for denying them coverage because of a pre-existing condition, something they will no longer be able to do under the ...

Health Insurance Exchange Seeks Public Input on Specifics
April 2, 2012 -- People have until April 13 to submit responses to Oregon's health insurance exchange about the top three things they consider most important when choosing a health plan. The exchange launched this survey to get constructive feedback ...

Rising insurance costs likely to bump new home prices
Builders and new home buyers face higher insurance rates under a new state directive. By Zac Anderson Fewer homes may be built near the coast and prices are likely to increase for projects that do go forward after Citizens Property Insurance stopped ...

Great American opens regional office in New York
Cincinnati-based Great American Insurance's Environmental Division has opened a new regional office in New York in a bid to expand specialty environmental business and service to its customers. According to Great American, the New York City office will ...

Judge May Release MF Global's Insurance Money To Pay For Jon Corzine's Defense
By Nick Brown and Aruna Viswanatha April 2 (Reuters) - An MF Global bankruptcy trustee asked a judge on Monday to release $25 million in insurance money to pay defense costs for Jon Corzine and other former MF Global officers facing civil lawsuits over ...

The $83000 Finger: Insurance May Not Protect You From Large Medical Bills
By Gerri Detweiler Think you're covered when it comes to your medical bills because you have good health insurance? Don't be so sure. The "out-of-network" trap can leave you with costly medical debt that could, in turn, ruin your credit if you don't ...

TEXT-S&P assigns Aspen Insurance Holdings 'BBB-' rating
April 3 - -- Bermuda-based Aspen Insurance Holdings Ltd. announced its intention to issue perpetual preferred shares. -- We are assigning a rating of 'BBB-' to this proposed share issuance. -- We are expecting to classify the issuance as having ...

FirstBest Growth Financing Round Reflects Insurer Interest in Front-Office ...
FirstBest Growth Financing Round Reflects Insurer Interest in Front-Office ...

Cosmetic Surgery Insurance, CosmetAssure, Available in 45 States
Many patients are unaware that the majority of major health insurance policies exclude treatment of a complication following elective cosmetic surgery, even if medically necessary. With an average claim amounting to $6000 per case, there is an obvious ...

Universal Health Insurance and the Failure of Liberal Framing
Obama's health care program, with its private doctors, hospitals and insurance companies, isn't close to socialism, of course. Conservatives frame economics as if there were only two legitimate philosophies: conservatism on the right and socialism on ...

Flying-Car Insurance May Cost $60000
“There's no off-the-shelf policy for something like this,” says Robert Hartwig, president of the Insurance Information Institute. There are perhaps only few insurers in the nation that would even consider creating such a hybrid offering, says insurance ...

Affordable Care Act Repeal Would Have Immediate Consequences
If the mandate is struck down, insurance premiums might shoot up and millions of Americans would be left uninsured. But for some, the Affordable Care Act without the mandate looks a lot better than no law at all. "It's a choice between a wrecking ...

Brown & Brown Insurance Services Buys Assets Of D. Bezona & Co Insurance
(RTTNews.com) - Brown & Brown Insurance Services of California, Inc., d/b/a Sitzmann Morris & Lavis Insurance Agency or "SML" announced that it has acquired substantially all of the assets of D. Bezona & Company Insurance Services, Inc. in Santa Rosa, ...

Catholic university in Ohio ends birth-control coverage
The abrupt cancellation of insurance benefits at the Jesuit university in Ohio comes amid a furious dispute between the Obama administration and the nation's Catholic bishops over contraception. The administration has mandated that nearly all health ...

TEXT-Fitch places Brit Insurance Limited on rating watch negative
Apr 04 - Fitch Ratings has placed Brit Insurance Limited's (BIL) Insurer Financial Strength (IFS) rating of 'A' on Rating Watch Negative (RWN). Brit Insurance Holdings BV's (BIH BV) Long-term Issuer Default Rating (IDR) has been affirmed at 'BBB+' with ...

Hooper Holmes Receives 2012 Insurance Industry Leadership Award from iPipeline
BASKING RIDGE, NJ, Apr 04, 2012 (BUSINESS WIRE) -- Hooper Holmes (ASE:HH) has received a 2012 Insurance Industry Leadership Award from iPipeline®, the leader in on-demand marketing, selling and processing solutions for the nation's top insurance ...

Protect Your Bubble Launches in US and Selects Hartville Group as Pet ...
Protect Your Bubble Launches in US and Selects Hartville Group as Pet ...

New California Auto Insurance For Nevada County Announces FoxQuotes.com
FoxQuotes.com Announces New California Car Insurance For Nevada County. Residents Of This County May Start With Their Vehicle Insurance Quote Service Today, FoxQuotes.com made an announcement in regards to being able to sell their California auto ...

GCC Servicing Systems Streamlines Insurance Renewal Process for Mortgage ...
GCC Servicing Systems Streamlines Insurance Renewal Process for Mortgage ...

Insurance law casts shadow on new workers contract with Safeway, Giant Food
Its 19-month duration stems from uncertainty surrounding the federal Patient Protection and Affordable Care Act, whose constitutionality will be decided by the US Supreme Court, and the law's impact on the workers' insurance benefits, according to a ...

AM Best Assigns Ratings to AMI Insurance (Operations) Limited
HONG KONG, Apr 04, 2012 (BUSINESS WIRE) -- AM Best Co. has assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” to AMI Insurance (Operations) Limited (the new AMI) (New Zealand). The outlook assigned to both ratings ...

The Hanover Expands West With New Pacific Region
Kuhn comes to The Hanover from QBE Insurance where he served as business practice leader. Prior to that, he held senior management positions at Bank of America Insurance Group, Countrywide Insurance Group; and served as regional president St. Paul ...

Oil Insurance Limited (OIL) 2012 Annual General Meeting and Operational Report
HAMILTON, Bermuda, April 4, 2012 /PRNewswire via COMTEX/ -- Oil Insurance Limited (OIL) held its 2012 Annual General Meeting (AGM) on March 28th, 2012 at the Fairmont Southampton Hotel in Bermuda. OIL Chairman, Trygve Imsland, opened the meeting by ...

Health Insurance Premiums to Rise Up to 20% for 1 Million Californians on May 1
Four of the largest health insurance companies in California have increased premiums for 1.1 million Californians and small business owners by as much as 20% on April and May 1st according to data filed with state regulators, said Consumer Watchdog ...

Meadowbrook Insurance Group, Inc. Announces Date for First Quarter 2012 ...
Meadowbrook Insurance Group, Inc. Announces Date for First Quarter 2012 ...

Farmers Insurance and the University of Farmers Receive Learning Elite Award ...
Farmers Insurance and the University of Farmers Receive Learning Elite Award ...