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Insurance News 09/2014



Brick Versus Wood Frame Home Perils Affect Insurance Premiums
When people look to buy or rent a home, they know their budget and taste. Brick homes offer old-fashioned elegance. A wood frame home offers a less expensive, easy to maintain alternative. The taste preference many not be a good idea, however, based on ...

State uses insurance policy to pay for wildfires
For the second straight year, Oregon has tapped into its insurance coverage to help cover the growing cost of firefighting. Acres burned by wildfires this year have already tripled the 10-year average, and scientists expect that to become a trend as ...

Chinese Insurance Policies Cover Some Really Bizarre Things
HONG KONG (Reuters) - Your child throws a tantrum and smashes something? Take out "naughty child insurance." Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer World Cup, ...

American Family Insurance All-USA Indy area high school football performances ...
American Family Insurance All-USA Indy area high school football performances ...

Is Earthquake Insurance Worth the Cost?
Over the past two decades, the percentage of California homeowners holding an earthquake insurance policy has dropped from around one-third of homeowners to about 9 percent now. Part of the reason for the dip could be complacency — prior to Sunday's ...

Finding the Best Car Insurance for Teens
When parents of a teen first watch their baby take the wheel, they may be too busy seeing the years flash before their eyes to focus on insurance for the family's newest driver. Putting a new teen driver on the road can be scary -- and expensive ...

Schools weigh insurance options
Right now school system employees can choose between two options in health insurance. When Five Points met with the insurance committee they introduced a new option that would use a cheaper insurance plan and would supplement it through with a gap ...

Angle: If Obamacare Stays, Employer Based Insurance Will Go
JIM ANGLE, FOX NEWS: In yet another controversy for Obamacare, analysts predict it will mean the end of employer provided insurance, with former Obama adviser Zeke Emanuel writing that 80 percent of such plans will disappear within 10 years. EZEKIEL ...

Siam Commercial Bank in talks to sell 25 percent stake in insurance unit: sources
Rising personal income in Asia is giving, for the first time in many cases, individuals and families the ability to afford insurance. That new demand has boosted stock prices and corporate valuations, culminating in a spate of M&A transactions in the ...

China Insurance Boom Spurs Taiping Subordinated Debt Sale
China Taiping Insurance Holdings Co. (966) is marketing the first dollar-denominated subordinated perpetual notes from a Chinese insurer as policy subscriptions rise and regulators consider tightening capital requirements. China Taiping, whose ...

California Law Would Enable Uber, Lyft Drivers to Finally Get Insurance
AB 2293, the TNC insurance bill that passed the California Legislature last week, could pave the way for drivers for companies like Lyft and Uber to finally get coverage for both personal and commercial use of their vehicles. Ever since we've been ...

3 Types of Insurance You Need – And 3 You Don't
There isn't a lot of talk about insurance in school. So when we become adults, we're left to consider the dizzying array of insurance policies on our own and wonder if we need all of them, just some, or none of them. It's almost as confusing as ...

Immigration issue could cost 500 Iowans their insurance
About 500 Iowans could lose their government-subsidized health insurance if they don't prove by Friday that they're in the country legally. Federal officials said last month that they'd sent letters to 700 Iowans warning that they needed to submit ...

Baldwin asks administration for special Wisconsin insurance enrollment
In a letter released Tuesday to Centers for Medicare and Medicaid Services Administrator Marilyn Tavenner, Baldwin said that about 38,000 individuals have been left without health insurance after Wisconsin Gov. Scott Walker decided to reject federal ...

Council To Review Conflicting Health Insurance Numbers
With city government's open enrollment period for health insurance beginning in October and new details of health insurance benefit cuts approved in June being distributed later this month, Memphis City Council members meet in a special committee ...

Cyber Attacks on Banks Color Terrorism Insurance Renewal Debate
The Insurance Information Institute, an industry group, estimates that policies paid out about $42.9 billion after the Sept. 11 attacks. Economic losses, given the closure of lower Manhattan, grounded flights and shuttered financial markets, were much ...

NJ Department of Education fines Deptford school district over insurance contract
DEPTFORD — The state Department of Education (DOE) will fine the township school board nearly $32,000 over its choice of employee insurance broker. A report filed Aug. 12 from the department's Office of Accountability and Compliance said the board's ...

Missouri workers' comp insurance costs could fall
The state insurance department says a new report by the National Council on Compensation Insurance indicates that insurers are likely to see a 3.7 percent drop in their "loss costs" for claims in 2015. Those loss projections typically are used by ...

Hawaii Insurance Division online guide lets small businesses compare health ...
Hawaii Insurance Division online guide lets small businesses compare health ...

There's More To Business Life Insurance Than The Claims It Pays
Although my career in financial services has been varied, life insurance continually pops up as a topic. Particularly when working with privately-owned businesses, the issues concerning this product are complex and many; and, of course no one really ...

Las Vegas Chamber shifts health insurance strategy
The Las Vegas Metro Chamber of Commerce has a new battle plan in its fight to keep members insured. Mandates in the Affordable Care Act are forcing the chamber to surrender its group-health policies. In their place, the association will launch a ...

Pickup tailgate theft is on the rise, insurance industry says
The insurance industry is warning pickup drivers to watch their backs. Tailgate theft is surging. Tailgates have a rough life. They get rear-ended, backed into objects and dented by shifting cargo. That's why thieves find a ready market for ...

Insurance accelerator names interim managing director
An upcoming insurance accelerator has named one of Iowa's most-active startup advocates as its managing director for the remainder of the year. Tej Dhawan, an entrepreneur who was one-half of the leadership team at the startup incubator StartupCity Des ...

Council Aims at Moving Insurance Targets
At just about every turn of the debate at City Hall about changes in health insurance coverage, Memphis City Council members have seen crucial numbers shift about the impact of the changes and the city's liability. With city employees and retirees ...

Kansas City father won't get insurance money to bury son
For the past 24 years, as an employee at Ford Motors assembly plants in both Chicago and the Kansas City area, he had been making monthly life insurance payments for himself and his two children. He still remembers signing up for the service more than ...

Judge Sides With Parents Of Missing Mom Susan Powell In Insurance Money ...
Judge Sides With Parents Of Missing Mom Susan Powell In Insurance Money ...

Woman pays insurance premiums, doesn't have insurance
That made her eligible to sign up through the Washington Exchange. She started paying for coverage set to start in July. She paid $332 a month. When she hadn't received her insurance card, six weeks later she started calling Premera. Premera hadn't ...

Lyft hearing focuses on insurance issues
The second day of testimony in Lyft's hearing before the Pennsylvania Public Utility Commission's administrative law judges dealt mainly with insurance issues, and how passengers would be protected in the event of an accident. But at one point, Judge ...

Susan Powell's father wins insurance battle, scolded in process
SALT LAKE CITY — A 3rd District judge has ruled in favor of Susan Powell's father, Chuck Cox, in his fight over conservatorship of his daughter's life insurance money. Judge L.A. Dever on Wednesday denied a request by Terrica and Alina Powell, Josh ...

Mpls. Couple Has Insurance Warning For Homeowners
MINNEAPOLIS (WCCO) — A Twin Cities couple calls their experience with an insurance company a lesson that all homeowners should learn. David Hettlinger and his wife are still trying to recover from a storm two summers ago. Wind damaged the roof of ...

YOUR MIND ON MONEY: Life insurance can be an effective tool (with caveat)
Section 7702 of the IRS code pertains to the tax treatment of cash value life insurance, so with a little more digging it turns out that a 770 plan is a new marketing technique being used to sell whole life insurance products. I guess the mystery was ...

Appeals Court to Rehear Health Insurance Subsidies Case
As part of that move, the court vacated its July opinion, issued by a three-judge panel, that struck down an Internal Revenue Service regulation that made subsidies for insurance purchases available nationwide to qualifying middle- and low-income ...

Many spend 15 minutes or less picking health insurance
Many people (41%) spent 15 minutes or less researching their health insurance plan options during the 2013 open enrollment period, according to an Aflac survey, out Thursday. That's far less time than they take on other major purchases. Other data show ...

Why Real-Estate Agents Should Consider Insurance
Professional liability insurance in the real-estate world—known as errors and omissions coverage or E&O—is akin to medical malpractice insurance for doctors. Helping a client sell a home may not require the precision of brain surgery, but even simple ...

What Interns Need to Know About Health Insurance
A few weeks ago I was quickly preparing to make the big move up to New York City from my hometown in suburban Florida. While I was finding housing, packing up all my belongings and preparing for my internship, I can't say health insurance ever crossed ...

Florida regulators approve biggest-ever removal of policies from Citizens ...
Florida regulators approve biggest-ever removal of policies from Citizens ...

House Republicans blast Quinn's new insurance tax
A seemingly minor change in state insurance law that passed both the House and Senate with no opposition has turned into a major controversy after it was discovered that the bill has the potential to cost Illinois-based firms “at least” $100 million a ...

Hacker Breached HealthCare.gov Insurance Site
The attack comes as the federal government and insurance companies prepare for the second year of open enrollment to buy health insurance under the law, beginning on Nov. 15. Federal officials said that the incident shouldn't have an effect on the ...

Consumer alert for renters: Do you have renters insurance?
Carmen: MANY PAINFUL LESSONS HAVE BEEN LEARNED SINCE THE HISTORIC FLOODING THAT SOAKED METRO DETROIT LAST MONTH. Devin: WE'VE HEARD ABOUT HOME OWNER'S INSURANCE, BUT MANY RENTERS LACK THE ...

HEMET: Man accused of insurance fraud
A Hemet man is facing felony insurance-fraud charges after allegedly filing a false insurance claim for damage to his vehicle. Santiago Benjamin Ruiz, 33, surrendered to officials in Riverside Superior Court in late July, the state Department of ...

N.Y. limits average health insurance increases to 5.7%
For small-group insurance, insurers wanted a 13.9 percent increase. The state reduced it to 6.7 percent. "We closely scrutinized the proposed rate increases insurers requested and reduced them significantly where appropriate," said Benjamin Lawsky, the ...

Analysis of 2015 Premium Changes in the Affordable Care Act's Health ...
Analysis of 2015 Premium Changes in the Affordable Care Act's Health ...

When to Buy Fare Insurance on an Airline Ticket
British Airways (IAG:LN) recently joined Iberian Airlines, United (UAL), and a company called Options Away in offering fare insurance, a call option on an airline ticket. For a small fee ($5.99 on United), you get the option to buy a ticket at the fare ...

Insurance website hacked; no damage
WASHINGTON — Hackers breached HealthCare.gov, but no consumer information was taken from the health-insurance website that serves more than 5 million Americans, the Obama administration disclosed yesterday. Instead, the hackers installed ...

Health insurance rates going up in Nebraska
Health insurance will cost more in Nebraska next year for most people buying policies individually, but group insurance rates won't be going up so much, according to the state's dominant carrier, Blue Cross Blue Shield of Nebraska, and the Nebraska ...

Nashville insurance rates rise fast, but still lowest in US
Nashville residents will still have some of the cheapest health insurance plans on the federal Marketplace in 2015, even though local premiums rose faster than other major metro areas, according to a new report released today by the Kaiser Family ...

Some good news — and some concerning news — for health insurance premiums
For all of the dire warnings about health insurance premiums spiking in the coming year, the numbers this summer have been pretty ho-hum. Although no one's ever going to tell you that they're particularly happy about seeing their premiums go up, the ...

Hacker breached HealthCare.gov insurance site
An HHS official said the attack appears to mark the first successful intrusion into the website, where millions of Americans bought insurance starting last year under the Affordable Care Act. It raised concerns among federal officials because of how ...

SEC Drops Stanford Suit Against Brokerage Insurance Fund
WASHINGTON—The Securities and Exchange Commission plans to abandon its legal battle to require a brokerage industry insurance fund to pay investors in R. Allen Stanford's $7 billion Ponzi scheme, two months after an appellate court rejected the SEC's ...

Want lower car insurance rates? Big Brother may need to watch you
Dave says he barely drives his car -- maybe 5 miles a week. He wants to know how he can lower his insurance costs. What he's asking about here is the mileage discount most insurers provide for customers who don't spend as much time behind the wheel as ...