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Insurance News 02/2013



Who now has Medicaid insurance in Pa. and N.J. - before possible expansion
Expansion of Medicaid in January is at the core of the federal health-care overhaul's effort to reduce the number of Americans without health insurance. In June, the U.S. Supreme Court decision on the constitutionality of the Affordable Care Act ...

STXNEWS LATAM-JPMorgan ups Cielo, Brasil Insurance as buffer against weak ...
STXNEWS LATAM-JPMorgan ups Cielo, Brasil Insurance as buffer against weak ...

Jardine Lloyd Thompson Snaps Up Malaysia's Insfield Insurance
Jardine Lloyd Thompson Group, a U.K.-based insurance broker and consultancy, said Friday that its Malaysian unit has acquired privately held Insfield Insurance Brokers as part of a plan to expand its presence in the region's insurance sector. The ...

State investigating possible insurance fraud by Narconon
Georgia Insurance Commissioner Ralph Hudgens said his office is investigating a Norcross drug rehabilitation clinic that recently had its license revoked by the state. Narconon of Georgia stands accused of billing a patient's insurer $166,275 for ...

Changes to Health Insurance Contraceptive Mandate Unlikely to Appease ...
Changes to Health Insurance Contraceptive Mandate Unlikely to Appease ...

Validus CEO Pushes Expansion in US Crop Insurance
The worst drought since the 1930s led to record payouts on crop-insurance claims. Farmers collected more than $13 billion in the crop year through Jan. 28, exceeding the record of $10.84 billion set in 2011, according to a Risk Management Agency report ...

Requiring Gun Insurance Will Increase Safety
Those searching for a compromise in the ongoing gun-control debate should pay special attention to the beneficial consequences of requiring gun owners to carry insurance. Rapid-fire weapons capable of mass casualties would require higher premiums ...

Bill: Mandate Utah insurance coverage for autism treatment
Brian Shiozawa, R-Cottonwood Heights and past president of the Utah Medical Association, released SB55, which would require health insurance plans to cover autism treatment. At a glance. —. What's next. P SB55 is scheduled to be discussed Monday at 4 ...

Freedom National Insurance Services Announces the Release of Dorado for ...
Freedom National Insurance Services Announces the Release of Dorado for ...

Insurance companies sue shipping company over vanishing tractor-trailer full ...
Insurance companies sue shipping company over vanishing tractor-trailer full ...

ACA: Subsidy for Insurance Limited
The health law will offer federal subsidies to purchase health coverage through an insurance exchange if an individual's share of their employer-sponsored insurance is not affordable. "Not affordable" is defined in the law as more than 9.5% of the ...

Kadlub: You have health insurance, why not your pet?
Like many of you, I can't imagine going home without having my canine family members there to greet me. And like you, I cringe every time one of them goes to the vet for something beyond a routine physical or when the vet tells me a dental cleaning ...

Supreme Court reverses Sheboygan insurance case
The family made a claim on the uninsured motorist insurance policy Bethke had bought, and the Auto-Owners Insurance Company, based in Lansing, Mich., denied it because the rental car was not an “uninsured vehicle” as its defined in the policy. The ...

HealthCompare Offers New Prescription Card for Health Insurance Consumers
About Health Compare: HealthCompare was launched in 2009 to work with brokers and carriers to help individuals and families easily research, compare, buy, and enroll in the right health insurance plan at the right price. Based in Orange, Calif., it ...

Free help for homeowners fighting insurance companies after Sandy
“Nothing could have prepared me for six feet of water filling my home. It came in like a tsunami. Covered my feet, then my waist and before I knew it, it was up to my neck,” said Marano. When the water receded, she figured, she was alive, she had ...

Insurance hinders removal of Ore. man's big tumor
PENDLETON, Ore. (AP) — Scot Jacobson has his own personal Mount Everest to climb — and he must make the trek carrying more than 500 pounds of body weight and a basketball-sized tumor named Wilson. The Pendleton man faces two separate ...

Self-insurance saves Portage schools cash
Instead, officials decided to enter the world of self-insurance, hire an administrator for the insurance program and embark on a program to improve employee safety and lower the number of claims and costs to the district — and taxpayers. After 12 ...

Legislative preview: Tax cuts, schools, coal, insurance rates on agenda
Steve Bullock's business tax cut as well as bills on school funding, campaign finance, power lines and health insurance top this week's hearings agenda at the Montana Legislature. Here's a look at what's coming up at the Capitol: TAXES: Gov. Steve ...

Brain imaging to detect Alzheimer's urged for insurance coverage
Advanced imaging that detects plaque in the brain should be covered by Medicare and private insurers for select people with dementia to help diagnose or rule out Alzheimer's disease, advocates and doctors say. The recommendations released last week ...

Hagerty Insurance releases annual list of future classic car predictions
After the recent unveilings of new vehicles at the North American International Auto Show, Hagerty Insurance, the Traverse City-based insurer of classic automobiles, has released its annual list of future classics -- cars that collectors will covet 20 ...

Business taxes, education, campaign finance, health insurance top week's ...
Business taxes, education, campaign finance, health insurance top week's ...

IRA New Policy to Streamline Insurance
The Insurance Regulatory Authority has issued draft insurance policies aiming at uniformity in the basic insurance covers. This is geared at improving consumers' attitude towards insurance products and enhance uptake of policies by removing ambiguous ...

Money & the Law: The role of title insurance
Title insurance is a unique insurance product in that the insurance company has almost total control over the risks it insures. This is because what the title insurance company insures is the accuracy of its own search of the public records and the ...

Cheap Imports Must Pay Double Premiums - Insurance Expert
THE insurance industry should double the premiums levied on motor vehicles imported from Asia to avoid losses in this class, an expert has warned. Motor is the dominant class with a contribution of 40% to Zimbabwe's gross insurance premium written in ...

New York Health Benefit Exchange recruiting insurance companies
ALBANY (AP) -- New York has starting recruiting insurance companies to provide coverage through the New York Health Benefit Exchange created under national health care reforms. The exchange says that plans must provide comprehensive health ...

An Easier Way to Buy Health Insurance
Many of you have heard about a new place to buy health insurance starting at the end of this year called the exchange. As part of the Affordable Care Act (Obamacare), starting in 2014 ALL Americans must have a minimum amount of health insurance or be ...

Crown Point tweaking employee health insurance plans
CROWN POINT — City officials made some tweaks to the Employee Handbook and health insurance plan in anticipation of compliance requirements of the Affordable Healthcare Act, commonly known as Obamacare. The Board of Public Works and Safety ...

A costly gamble: Lack of renters insurance a big problem for fire victims, Red ...
A costly gamble: Lack of renters insurance a big problem for fire victims, Red ...

Thousands on LI still waiting for Sandy flood insurance settlements
Thousands of Long Islanders trying to rebuild from superstorm Sandy are still waiting for final insurance settlements, leaving them struggling to pay contractors and frustrated at having half-gutted homes more than three months after being flooded ...

HealthCompare Gives Health Insurance Consumers New Tools to Help Search ...
HealthCompare Gives Health Insurance Consumers New Tools to Help Search ...

Certain Behaviors Can Jeopardize Insurance Coverage
Many people don't realize that no matter how much insurance you have, certain behaviors can jeopardize your coverage. NY1's Jill Urban filed the following report. With the new year here and in the aftermath of Hurricane Sandy, many New Yorkers are ...

ADP study finds health insurance costs highest for New Jerseyans at large ... - The Star-Ledger
ADP study finds health insurance costs highest for New Jerseyans at large ...

Pension Insurance Corp takes on insolvent UK pension scheme
Feb 4 (Reuters) - Britain's Pension Insurance Corp is taking over the pension liabilities of the insolvent UK pension fund of Swiss aircraft services firm SR Technics, providing improved retirement benefits for the scheme's 2,500 members. A growing ...

Biz Brain: To pay or not to pay a life insurance loan - The Star-Ledger
Q. My husband has an ordinary life insurance policy with a death benefit of about $118,000 and a cash value of $86,380. We took a loan out on it years ago and have paid it off slowly. There is now about $12,000 remaining at 5 percent per year. My ...

Three Insurance Policies That Could Help Pay for Retirement
"In most cases life insurance is probably not appropriate until all of the tax qualified plans -- IRAs, 401Ks, etc. -- have been maxed out and one doesn't have any more of those vehicles to invest in," says Rob Drury, executive director of the ...

OneBeacon Professional Insurance and NetDiligence Enter Relationship ...
OneBeacon Professional Insurance and NetDiligence Enter Relationship ...

Jerry Springer on ObamaCare, Affordable Health Insurance
Details. Description. Talk show host Jerry Springer discusses the pros and cons of ObamaCare and the gap between those who can afford health insurance and those who cannot. Duration 7:25; Date Feb 4, 2013. Advertisement ...

Unclaimed Life Insurance Payouts Top $1 Billion
In 2011, New York State began looking into how life insurance companies handled their claims. Last week, Governor Andrew Cuomo announced that this investigation has resulted in more than $665 million being paid to more than 89,000 people across the ...

Insurance company picks future classic cars
Insurance company picks future classic cars. February 4, 2013|Houston Chronicle Web Staff. Hagerty Insurance picked 10 current models they believe could grow in value over time. The company, which insures high-dollar classic cars, looked for timeless ...

Do I Have Enough Long-Term Care Insurance?
When insurance companies began offering long-term care products that covered care anywhere -- at home or assisted living facilities, in addition to nursing homes -- it was common to offer an option for benefits payable for a lifetime. However, claims ...

Own a Gun, Carry Insurance
The White House's nine-point Plan to Reduce Gun Violence, as it's called, offers a reasoned, reasonably centrist reaction to the aching pain resulting from December's massacre at Sandy Hook Elementary School, a wound that in passing weeks seems to be ...

More mismanagement issues arise at Citizens Insurance
TALLAHASSEE -- State regulators knocked Citizens Property Insurance Corp. this month for unnecessary travel costs, failing to negotiate on multimillion-dollar vendor contracts and spending more than $10,000 a month on vacant office space. The Office of ...

The Hanover Insurance Group To Present At The Bank Of America Merrill Lynch ...
The Hanover Insurance Group To Present At The Bank Of America Merrill Lynch ...

Utica man who staged crash for insurance benefits sent to federal prison, must ...
Utica man who staged crash for insurance benefits sent to federal prison, must ...

As water rate hike starts, Tri-City customers being offered optional insurance ...
As water rate hike starts, Tri-City customers being offered optional insurance ...

For insurance exchanges, states need 'navigators' — and hiring them is a huge ...
For insurance exchanges, states need 'navigators' — and hiring them is a huge ...

Health Law Bars Opting Out Of Maternity Coverage; Long Term Care Insurance ...
Health Law Bars Opting Out Of Maternity Coverage; Long Term Care Insurance ...

Delayed insurance checks for Sandy victims could slow recovery
Bob Hunter, insurance director at the Consumer Federation of America, said flood checks shouldn't be delayed since the National Flood Insurance Program is funded by the U.S. government. It gets more complicated when there is both wind and flood damage ...

Central NY man sentenced for $1.4M insurance scam
SYRACUSE, N.Y. — A 66-year-old central New York man has been sentenced to 2½ years in federal prison and ordered to pay more than $1.4 million for staging a car crash to collect insurance. The U.S. Attorney's Office in Syracuse says Joseph Dellerba ...

Insurance payments for autism services rise in Missouri
A new report shows that health insurance payments for autism-related treatments in Missouri rose by more than 50 percent last year. The state insurance department says more than 2,500 people received treatment covered by insurance for autism spectrum ...