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Insurance News 07/2012



Pay for health insurance or pay the penalty?
Health law experts say business owners may be pleasantly surprised to find that more insurance alternatives will be available - especially because the law provides for the creation of exchanges to sell insurance to companies and individuals. If a ...

Farmers Insurance Claims Teams Helping Storm Victims in Richmond, Virginia ...
Farmers Insurance Claims Teams Helping Storm Victims in Richmond, Virginia ...

Insurance exchange next step for Montana
HELENA — State officials said Thursday they will continue to implement the federal health care law after the U.S. Supreme Court decision to uphold it, a ruling the state attorney general pointed to as proof the lawsuit he declined to join was a waste ...

HealthCompare Utilizes a New Media Trend to Educate Today's Health ...
HealthCompare Utilizes a New Media Trend to Educate Today's Health ...

National Flood Insurance Program extended until July 31, Congressman ...
National Flood Insurance Program extended until July 31, Congressman ...

After court rules, Idaho has dilemma over exchange
BOISE, Idaho - Incensed over "Obamacare," Idaho lawmakers last session snubbed $20 million from the federal government earmarked for an insurance exchange and refused even to make baby steps toward establishing this online marketplace for ...

InsuranceQuotesUSA.com Opens an Insurance Affiliate Program to Selected ...
InsuranceQuotesUSA.com Opens an Insurance Affiliate Program to Selected ...

Pelosi Health Insurance Mandate 'Myth Buster' Busted
The website still includes a posting from 2009 — when the House was in the middle of the intense debate over President Obama's health care plan — that calls any effort to call the penalty on those who fail to buy health insurance a tax. It was part ...

Obama Aide Rejects 'Tax' Label for Health Care Law
The Supreme Court affirmed the so-called individual mandate to buy health insurance on the ground that it might be “reasonably characterized as a tax.” Since the ruling, Republican leaders have denounced the White House for raising the tax burden on ...

The states that are dying for healthcare coverage
The lack of medical insurance has had grave consequences for individuals and the nation. In 2010 alone, 26100 people died because they had no health insurance — that amounts to 502 preventable deaths a week. However, some states fared better than ...

Condo Insurance Loss Assessment Coverage
Virtually every condominium owner's insurance policy (HO-6), not to be confused with the condo's master insurance policy, provides for a minimal amount of Loss Assessment coverage, usually $1000. The Loss Assessment coverage covers a portion of the ...

New State Laws That Go Into Effect Today Tackle Health Insurance, Bullying ...
New State Laws That Go Into Effect Today Tackle Health Insurance, Bullying ...

European Corporate Debt Insurance Costs Fall Slightly - Markit
European corporate default insurance costs fell slightly in early trading Monday, as positive sentiment stemming from the European Union summit last week continued, with Asia currencies and equity markets broadly stronger. At around 0645 GMT, the ...

June Online Auto Insurance News Wrap-Up
A comScore survey of 4000 Internet users showed that online car insurance policy sales jumped 6 percent between 2010 and 2011. Altogether, there were approximately 3.1 million policies sold online last year, which is 41 percent larger than the amount ...

Guest post: Health Insurance Rebates Show How Bad Insurers and State ...
Guest post: Health Insurance Rebates Show How Bad Insurers and State ...

Insurance Supervisors Draft Rules For Global Insurers
ZURICH--An international group of insurance supervisors Monday released an updated draft of a global framework to foster cooperation among local regulators, which face the challenge of regulating companies with sizeable business outside their home ...

Mountain States Insurance Group Selects Accenture to Replace Legacy Policy ...
Mountain States Insurance Group Selects Accenture to Replace Legacy Policy ...

InPro Insurance Group Acquires Industrial Insurance Services; Further Expands ...
InPro Insurance Group Acquires Industrial Insurance Services; Further Expands ...

CSE Insurance Group Partners with Ben Clymer's The Body Shop for Car ...
CSE Insurance Group Partners with Ben Clymer's The Body Shop for Car ...

Fact check: candidates on keeping your current health plan
In promoting the health care law, President Barack Obama is repeating his persistent and unsubstantiated assurance that Americans who like their health insurance can simply keep it. Republican rival Mitt Romney says quite the opposite, but his doomsday ...

Farmers Insurance Claims Teams Helping Victims of Chicago Storms
CHICAGO, IL, Jul 02, 2012 (MARKETWIRE via COMTEX) -- Farmers Insurance agents, claims personnel and district managers from Farmers Insurance Group of Companies(R) are on the scene assisting Farmers policyholders who have suffered damage ...

Kansas insurance chief bucks GOP
TOPEKA — Kansas Insurance Commissioner Sandy Praeger has found herself at odds with Gov. Sam Brownback and other fellow Republicans over setting up an online system for consumers to comparison shop for health insurance. The federal health care ...

Replacement Insurance Policy Referral Fees Cost Stockbroker An Outside ...
Replacement Insurance Policy Referral Fees Cost Stockbroker An Outside ...

Former state insurance official charged in probe
Chambers and his attorney, Assistant Federal Public Defender Mark Upton, signed a waiver of Chambers' right to have the matter sent to a grand jury for possible indictment. Chambers' racketeering charge resulted from the FBI's ongoing Operation ...

KQ Insurance Services Releases Video on California Individual Health Insurance
About KQ Insurance Services Since 2005, KQ Insurance Services has ranked as one of the top online individual and group health insurance agencies. The company consists of benefits specialists who provide personalized insurance services to individuals ...

Long road awaits state efforts to cut health care costs [Yakima Herald ...
Long road awaits state efforts to cut health care costs [Yakima Herald ...

Affordable Care Act means $1.1 billion insurance rebate
The nation's health insurance companies will refund approximately $1.1 billion dollars to their customers this summer. It's one of the new benefits of the health care reform law. The U.S. Health and Human Services Department expects 12.8 million ...

AM Best Affirms Ratings of Combined Insurance Company of America and Its ...
AM Best Affirms Ratings of Combined Insurance Company of America and Its ...

A post-Supreme Court guide to the health care law
There are two ways to purchase health insurance, either directly from a private health insurance plan, just as you would now, or through a marketplace, or exchange, run by the states. If you live in a state that chooses not to participate, the federal ...

Health insurer to pay more than $1.7 million to settle charges of deceptive ...
Health insurer to pay more than $1.7 million to settle charges of deceptive ...

Deputy Louisiana insurance commissioner who is accused in bribe scheme also ...
Deputy Louisiana insurance commissioner who is accused in bribe scheme also ...

Automobile.com survey reveals Allstate annual insurance premiums cost 24.3 ...
Automobile.com survey reveals Allstate annual insurance premiums cost 24.3 ...

Insurance commissioner rejects Blue Shield closure
"When consumers purchase health insurance, they should not have to worry that their health insurer will make decisions to open new products and close others in ways that put the policyholder at risk of being pooled with unhealthy lives whose claims ...

More insured drivers in Texas
DALLAS — The number of uninsured drivers in Texas has dropped more than 38 percent from a year ago, state statistics show, and officials attribute the decline to a program focused on getting those drivers either insured or off the road and a clean up ...

Irish Debt Insurance Costs at 20-Month Low as Outlook Brightens
Credit default swaps are derivatives that function like an insurance contract for debt. If a borrower defaults, sellers compensate buyers. Irish CDS have tightened more than 100 basis points since European leaders agreed last week to allow euro-zone ...

HealthCompare Announces Release of Ebooks And Infographics To Help ...
HealthCompare Announces Release of Ebooks And Infographics To Help ...

Insurance may not cover violators of fireworks ban
Fourth of July enthusiasts who ignite personal fireworks despite bans in their counties may not be covered by insurance if their fireworks cause any damage. Indiana Insurance Commissioner Stephen Robertson says many insurance policies deny coverage ...

The insurance industry won't let them
Other provisions that don't affect the budget, such as some of the requirements placed on insurance companies to cover preexisting conditions and keep young adults on their parents' plans, probably can't be, because their effect on federal finances is ...

Bond set for ex-ND insurance man accused of theft
In December, both the North Dakota Insurance Department and the North Dakota Securities Department issued cease-and-desist orders against Kitzan and his company, Kitzan and Associates, for alleged misappropriation of client funds. A married couple ...

Long-term care insurance takes a hit
It's happening again. Another long-term care insurance company is limiting the coverage it will offer in the future. While other insurers have raised premiums, Genworth has just announced that it will suspend offering some of its most appealing policy ...

Piers Morgan Still Comparing Auto Liability Insurance to ObamaCare Mandate
On the night after seeming oblivious when Michele Bachmann explained the difference in principle between pushing all Americans to purchase health insurance versus pushing only the portion of Americans who make the choice to drive to buy car insurance, ...

Insurance damage assessment teams visit fire victims
It's the next step in the recovery process following a destructive wildfire: insurance assessment. Wednesday, Waldo Canyon Fire damage assessment teams from Allstate and State Farm insurance companies were going door-to-door, advising residents what ...

Romney: Insurance mandate is a tax
WOLFEBORO, N.H. -- Mitt Romney on Wednesday said requiring all Americans to buy health insurance amounts to a tax, contradicting a senior campaign adviser who days ago said the Republican presidential candidate viewed President Barack Obama's ...

Poll: Fewer insured through work
Fewer Americans are getting health insurance from their employer, a continuation of a trend that started in 2008, according to a Gallup Poll out Thursday. Only 55.9 percent of adults aged 26 to 64 received employer-provided health insurance in 2012 ...

New Hong Kong Insurance Product In Line With Globalsurance Forecast
HONG KONG, July 5, 2012 /PRNewswire via COMTEX/ -- AXA, a leader in the global health insurance industry, has launched a new Medical Insurance plan in Hong Kong to compete with more traditional International medical insurance products currently ...

REPEAT-BMO Insurance Study: Canadians Without Travel Insurance Risk ...
REPEAT-BMO Insurance Study: Canadians Without Travel Insurance Risk ...

Viewpoints: The Medicaid Expansion 'Dilemma;' Mandate Not The Only Health ...
Viewpoints: The Medicaid Expansion 'Dilemma;' Mandate Not The Only Health ...

Huatai Insurance Chooses FICO Insurance Fraud Solution to Fight Mounting ...
Huatai Insurance Chooses FICO Insurance Fraud Solution to Fight Mounting ...

AM Best Revises Outlook to Positive for Universal Life Insurance Company
OLDWICK, N.J., Jul 05, 2012 (BUSINESS WIRE) -- A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and issuer credit rating of "bbb+" of Universal Life Insurance Company (Universal Life ...

AM Best Affirms Ratings of Guardian Life of the Caribbean Limited and Guardian ...
AM Best Affirms Ratings of Guardian Life of the Caribbean Limited and Guardian ...