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Insurance News 06/2012



Large farms' crop insurance subsidies criticized
Washington -- An unidentified farm in Kern and Kings counties received $1.64 million in government subsidies to buy crop insurance last year, according to data released Thursday by the Environmental Working Group, an organization that opposes such ...

Computer Quote Insurance Joins comparethemarket.com Pet Panel
LONDON, June 1, 2012 /PRNewswire via COMTEX/ -- comparethemarket.com, one of the UK's leading price comparison website, is pleased to welcome Computer Quote Insurance to its pet insurance panel. Computer Quote is a long established insurance broker, ...

TEXT-Fitch places OJSC Rossiya Insurance Company on RWN
(The following statement was released by the rating agency) June 01 - Fitch Ratings has placed OJSC Rossiya Insurance Company's (Rossiya) Insurer Financial Strength (IFS) rating of 'B-' and National IFS rating of 'BB-(rus)' on Rating Watch Negative ...

California health insurance exchange awards operational contract
By Chad Terhune, Los Angeles Times California's new health insurance exchange awarded a contract worth nearly $360 million to create a website and enrollment system to help Californians shop for health coverage and determine whether they are eligible ...

Health System Owners of American Excess Insurance Exchange, RRG Share $25 ...
Health System Owners of American Excess Insurance Exchange, RRG Share $25 ...

Facts About the Health Insurance Compensation Gap
Yet that earnings ratio actually understates the extent of women's disparate treatment in the workforce because they also experience a health insurance compensation gap. Below are the answers to some key questions about this gap, as well as how the ...

Atradius Won't Insure New Greek Export Credits
Credit export insurance ensures that exporters are paid if their clients default. The loss of such cover is likely to have a major impact on the willingness of companies to trade with the country involved. Atradius said it won't provide trade credit ...

Health insurance mandate may restrict MSU's ability to raise tuition
By Chad Livengood Lansing— Michigan State University's student health insurance mandate may restrict its ability to raise tuition next year under a budget deal for universities passed Friday by the state House . The $1.39 billion higher education ...

Eastern Insurance Holdings Inc.'s Kevin Shook Named "CFO Of The Year" Finalist
LANCASTER, Pa., June 1, 2012 /PRNewswire via COMTEX/ -- Eastern Insurance Holdings, Inc. ("EIHI" "Eastern") (NASDAQ:EIHI) announced that its Executive Vice President, Treasurer and Chief Financial Officer, Kevin M. Shook, was named a finalist in the ...

FEMA National Flood Insurance Program Reauthorized for 60 Days to Ensure the ...
FEMA National Flood Insurance Program Reauthorized for 60 Days to Ensure the ...

Heffernan Insurance Brokers Announces Launch of InsureMyDICEproduction.com
LOS ANGELES, June 1, 2012 /PRNewswire via COMTEX/ -- Heffernan Insurance Brokers, one of the largest independent brokerage firms in the United States, announced today that it has launched its online platform for production insurance for documentary, ...

Summer Travel, Entertaining can Bring Special Insurance Concerns
By Pennsylvania Department of Insurance HARRISBURG, Pa., June 1, 2012 -- /PRNewswire-USNewswire/ -- The Pennsylvania Insurance Department is reminding consumers to keep insurance needs in mind when vacationing, entertaining or enjoying other ...

Insure Yourself in Hurricane Season
As president of the Florida Association of Public Insurance Adjusters, I urge businesses and homeowners to take time to fully understand their insurance policies. Having a trusted public adjuster can ease the burden for policyholders faced with damage, ...

Strike health insurance tax
This Health Insurance Tax, or HIT, will strike a blow to small businesses across the United States as it will cost them and their employees $87 billion within the first 10 years alone. Supposedly intended as a tax on large insurance companies to help ...

Want More Dental Insurance Patients - Or Not? IDA's New Dental Websites Give ...
Want More Dental Insurance Patients - Or Not? IDA's New Dental Websites Give ...

St. Johns Insurance Agency Helps Protect Clients on the Road with FL Car ...
St. Johns Insurance Agency Helps Protect Clients on the Road with FL Car ...

Houston Insurance Claims Lawyer Urges Property Owners to Review Insurance ...
Houston Insurance Claims Lawyer Urges Property Owners to Review Insurance ...

High-deductible insurance plans become more common
But the Wisconsin mom was dismayed when husband Dan's employer switched to an insurance plan that increased the family's medical expenses tenfold. Two years ago, the company put white-collar workers on a “high-deductible” plan similar to those ...

INSURANCE PROBE SET TO DRIVE DOWN COSTS
By Holly Thomas MOTORISTS who have suffered crippling increases to their insurance could pay less for cover if a new investigation leads to stricter rules in the market on price and capping premiums. Last week the Office of Fair Trading (OFT) announced ...

Online Insurance Marketplace Helps People Make Right Choices about Term Life ...
Online Insurance Marketplace Helps People Make Right Choices about Term Life ...

Lew Ebert - Broken unemployment insurance system a threat to jobs, economy
Our unemployment insurance system is broke, with an unsustainable annual deficit of $470 million/year. North Carolina's unemployment insurance system is broke and broken. The state agency in charge of unemployment benefits reflects poor management and ...

South Bay surgery clinics overbilled, insurance giant claims
Aetna Insurance reached the same conclusion: In a $20 million lawsuit, it claims the Santa Clara County company behind that check is making millions of dollars and enriching doctors by sidestepping state laws meant to protect patients and control costs ...

Brent Batten: One word explanation for growth of Citizens Insurance — politics
By BRENT BATTEN In case you were wondering how Citizens Property Insurance Co. went from being an insurer of last resort with high rates to being an insurer of first resort with relatively low rates and a portfolio that threatens both customers and ...

Insurance Is Key to Disaster Preparation
With the official start of hurricane season on June 1 and an already active spring storm season, the Texas Department of Insurance encourages you to review your basic insurance needs to make sure you and your loved ones are financially protected from a ...

New farm bill would end direct payments to farmers
The Senate is expected to begin debate this week on a five-year farm and food aid bill that would save $9.3 billion by ending direct payments to farmers and replacing them with subsidized insurance programs for when the weather turns bad or prices go ...

IRDA's new insurance document a must-read
After the ULIP clean-up of 2010 and along with the traditional policy clean-up that's work-in-progress, the Insurance Regulatory and Development Authority (IRDA) has also initiated a clean-up of the health insurance sector. The regulator has released a ...

The new normal in health insurance: High deductibles
But the Wisconsin mom was dismayed when husband Dan's employer switched to an insurance plan that increased the family's medical expenses tenfold. Two years ago, the company put white-collar workers on a “high-deductible” plan similar to those ...

CodeObjects Introduces InsuranceEnterprise -- A Complete, Ready-To-Use, Cloud ...
CodeObjects Introduces InsuranceEnterprise -- A Complete, Ready-To-Use, Cloud ...

InsuranceQuotesUSA.com Provides Competitive Car Insurance Quotes to Consumers ...
InsuranceQuotesUSA.com Provides Competitive Car Insurance Quotes to Consumers ...

Zurich Insurance General Insurance Head To Quit To Be Assicurazioni Generali CEO
(RTTNews.com) - Zurich Insurance Group (ZURVY) Monday said Mario Greco, CEO General Insurance, has decided to return to Italy to be the chief executive of Assicurazioni Generali SpA (ARZGY.PK), as the Italian insurer revoked the powers of its CEO ...

Argo Insurance Announces New Pest Control Program
SAN ANTONIO, Jun 04, 2012 (BUSINESS WIRE) -- Argo Insurance, a member of Argo Group International Holdings, Ltd. (nasdaqgs:AGII), announced today that its Commercial Specialty Programs unit will partner with Britt/Paulk Insurance Underwriters to offer ...

New York's Milbrandt Insurance Unveils New Website for Personal and Business ...
New York's Milbrandt Insurance Unveils New Website for Personal and Business ...

Marsh Launches Innovative Insurance Solution for Cloud Computing Risks
NEW YORK, Jun 04, 2012 (BUSINESS WIRE) -- To assist companies in managing the risks associated with cloud computing, Marsh today announced the launch of what is believed to be the industry's first insurance solution designed to protect companies ...

President Obama Signs Flood Insurance Extension
As expected, President Barack Obama on May 31 signed into law an extension of the federal flood insurance program until July 31. HR 5740, agreed to by the House and Senate last week, reauthorizes the National Flood Insurance Program (NFIP) to enter ...

Christopher Clinton Joins Fremont Insurance
FREMONT, Mich., June 4, 2012 /PRNewswire via COMTEX/ -- Fremont Insurance, a Michigan-exclusive property and casualty insurance carrier with headquarters in Fremont, Michigan, announced today that the Company has hired Christopher Clinton, ...

Responding to Workplace Trends, Sun Life Financial Launches Group Voluntary ...
Responding to Workplace Trends, Sun Life Financial Launches Group Voluntary ...

The Business Finance Store Discusses Insurance Requirements for Small Business
The Business Finance Store discusses the different types of insurance small businesses are required to have in the United States. (PRWEB) June 04, 2012 New numbers from the Labor Department show that only 69000 new jobs were added in May of 2012, ...

EWG study criticizes crop insurance
WASHINGTON — As the Senate makes plans to take up the farm bill, the Environmental Working Group last week released a study of crop insurance that shows some farms get big premium subsidies including those in North Dakota and Minnesota and urged ...

Closures, shortages loom as insurers exit Greece
* Greek importers say insurance move catastrophic * Greece heavily dependent on imports * Shortages of medicine, fuel, raw materials ahead * Greek exporters also affected By Karolina Tagaris ATHENS, June 4 (Reuters) - Faced with the prospect of closing ...

Insurance Auto Auctions to Help Raise $100000 For Alex's Lemonade Stand ...
Insurance Auto Auctions to Help Raise $100000 For Alex's Lemonade Stand ...

Hallmark Financial Services, Inc. Announces the Appointment of Accident ...
Hallmark Financial Services, Inc. Announces the Appointment of Accident ...

Automobile.com survey finds BMW drivers pay 25% more for insurance than ...
Automobile.com survey finds BMW drivers pay 25% more for insurance than ...

AIG settles workers compensation insurance complaint with all 50 states, DC ...
AIG settles workers compensation insurance complaint with all 50 states, DC ...

Soon, health insurance cover may cost more
Insurers may soon go for a correction in the prices of individual health insurance plans. “Any hike in the premium of health policies should be justified by the concerned insurer before the regulator. Health insurers who are having a stress at their ...

High health insurance deductibles hit Fortune 500
But the Wisconsin mom was dismayed when husband Dan's employer switched to an insurance plan that increased the family's medical expenses tenfold. Two years ago, the company put white-collar workers on a "high-deductible" plan similar to those ...

HomeCare Insurance: The Lowdown for Consumers
HomeCare Insurance Plans Offer a Valuable Service for Homeowners, Offering Efficient Repairs for a Variety of Household Problems, but What is Included in the Most Comprehensive Packages? LONDON, UNITED KINGDOM, Jun 05, 2012 (MARKETWIRE via COMTEX) ...

Erie Insurance appoints new chief investment officer
ERIE, Pa., June 5, 2012 /PRNewswire via COMTEX/ -- Erie Insurance is pleased to announce the appointment of Brad Postema as senior vice president and chief investment officer. Postema will be responsible for the investment strategies of Erie Insurance ...

BancorpSouth Insurance Services Joins The ProspX Platform
AUSTIN, Texas, Jun 05, 2012 (BUSINESS WIRE) -- ProspX, Inc., developer of the largest social business solution for the commercial insurance industry, today announced that BancorpSouth Insurance Services, Inc., one of the nation's largest brokers, ...

Celebrity chefs join farm bill food fight
Citing a July 2011 poll in which 78% of respondents said making nutritious and healthy foods more affordable and accessible should be a top priority in the farm bill, the group said the bill before the Senate would reward wealthy farmers and insurance ...

Grandparents.com to Offer Health, Life and Other Insurance Products
NEW YORK, June 5, 2012 /PRNewswire via COMTEX/ -- Grandparents.com, Inc. (OBB:GPCM) , The Ultimate Resource for Grandparents, has announced the expansion of its current business to insurance and other ventures focusing on serving America's 120 million ...