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Insurance News 11/2014



Here's How to Get the Best Deal on Car Insurance - Eventually
He says insurance companies collect incredible amounts of data to set prices. "The sweet spot in the auto marketplace is someone who is recently retired but still vital," according to Agather. "They're not driving to work every day, still with it, and ...

Florida Arrests 5 in Alleged Insurance Fraud Scheme
Atwater said the five arrests were made in Martin, Miami-Dade and Palm Beach counties, following a year-long undercover investigation by the Florida Department of Financial Services' Division of Insurance Fraud. Additional warrants for arrest have been ...

Defects Found Before Debut of Health Insurance Site for Small Businesses
WASHINGTON — The Obama administration has discovered a number of defects in the online marketplace that will offer health insurance to millions of small-business employees, but federal officials said the problems could probably be fixed before the ...

Insurance agents launching site to shop for auto policies
Facing increasing competition from Web-savvy insurers such as Geico and Progressive, as well as startups, the state's insurance agents are moving more of their business online and offering opportunities to get quotes and purchase policies over the ...

Woman accused of setting fire to defraud insurance company
Trenisha M Lavender, 39, of 240 W. 19th St., Alton, is charged with residential arson for allegedly attempting to defraud State Farm Insurance by fire damage to a residence. The insurance fraud count alleges she attempted to obtain by deception between ...

Securitas Secures Big Win For Captive Insurance In U.S. Tax Court
Securitas Holdings, Inc., is a large corporation that provides a variety of services through its operating subsidiaries, including armored truck and securities services. In 1999, Securities acquired Pinkerton's and the following year, Burns', both ...

The doctor is in; insurance is out
She mulls over the health insurance premiums she used to pay, how Farrago has motivated her to take better care of herself, and the advice Farrago gave to her husband — who is having problems with his shoulder — to exercise rather than seek out a ...

Sellers of vacant homes face escalating insurance costs
The challenge of finding homeowners insurance for properties once viewed “insurance easy” continues to plague homebuyers who are finding tougher guidelines and higher premiums from insurance carriers. Insurance protection has not been easy on ...

Insurance Industry Sleeps Through Climate Alarm Calls
The insurance industry is considerably bigger in the US than elsewhere, but only two of the nine companies that earned leading ratings in the survey are based in the US. Non-US companies that gained a leading rating include the re-insurers Swiss Re and ...

Ask SAM: Keep car insurance until you turn in the tag
Q: What constitutes a lapse in auto insurance coverage in North Carolina? I sold a car on Oct. 11 and canceled my insurance coverage that day. When I arrived at the DMV on Oct. 20 to return the tag, I was given a $50 civil penalty. M.B. ...

Analytics Will Moderate The P&C Insurance Cycle
The largest and best-run P&C insurance companies use sophisticated analytics to accurately predict future loss costs and current premium requirements. Analytics has substantially improved the capacity to maintain pricing discipline. While the P&C cycle ...

State propositions: Quick overviews
What it does: Requires the California insurance commissioner to approve rates for certain types of health insurance, specifically individual and small group health plans. The rate-approval process would be similar to a process that is currently used ...

The Real Reason You'll Want An Apple Watch: Your Health Insurance Will Go ...
The Real Reason You'll Want An Apple Watch: Your Health Insurance Will Go ...

Safety Insurance: A 4.5% Dividend Yield Growing At 12% Annually (SAFT)
Safety Insurance is one of the few financial firms that managed to grow its dividend payout during the financial crisis. It offers investors a starting yield of 4.5%, especially impressive in today's low-interest climate. The company has a perfectly ...

Lancaster Gazette once sold life insurance, 1934
Unlike today's tasteful life insurance advertising, which tends to show happy families filled with potential beneficiaries gamboling in some meadow, this full-page ad from the Nov. 4, 1934, Lancaster Gazette contains no less than eight photographs ...

Sentinel Project Hopes to Help Newly Insured Get What They've Paid for
The Affordable Care Act guaranteed that hundreds of thousands of New Jerseyans are covered by insurance, but a new project aims to make sure that the insurance they receive gets them the healthcare they need. The Newark-based Sentinel Project is ...

'Tis open enrollment season: How to pick the right health insurance
It's open enrollment time … again. If it doesn't seem like a full year has gone by since you heard about this, that's because in many places it hasn't. Open enrollment for insurance purchased through the exchanges created by the Affordable Care Act ...

MyPath Portal: Can It Lure Millennials to Insurance Careers?
With the insurance industry employee base rapidly aging and retiring, a number of companies and organizations in the field have come up with something that they hope will draw more young adults into the sector. Their solution: MyPath, an online ...

Aetna to Buy Insurance Exchange Technology Company
Chicago-based bswift uses cloud-based technology to help employers and health-insurance exchanges streamline payroll, benefits and human resources administration. The company's technology is intended to make shopping for insurance more ...

Think you don't need health insurance? Think again
Today, health insurance works the same way. You need coverage to avoid a penalty. And, even if you do everything you can to stay healthy, there are always unpredictable circumstances — a fall, a sudden illness — that can change your health in a ...

Only Buy Insurance When You Can't Afford the Loss
In very rough terms, the world of insurance is divided into life and non-life. Non-life insurance is for such things as your car, house, travel, company, and other non-life things. We all know how it works. You pay £500 to insure your car against a ...

DA files new charges against Jericho man accused of stealing hundreds of ...
DA files new charges against Jericho man accused of stealing hundreds of ...

GOP Assembly candidate in hospital with no insurance
"I don't have insurance," he said. "But I have every intention of paying it back." He blames the Affordable Care Act for pushing insurance rates up to the point he had to drop coverage. When he became a self-employed electrician nine months ago, he ...

Kennebec County court orders housing authority to disclose Amanda Huard ...
Kennebec County court orders housing authority to disclose Amanda Huard ...

Union laments as Shelby County moves forward with new employee health ...
Union laments as Shelby County moves forward with new employee health ...

After fatal Lyft crash, insurance coverage questions arise
The fatal accident highlights an important issue confronting all ride-sharing passengers: Who will pay for medical and other costs if they're hurt while using the service? That's because liability insurance coverage hinges on several factors, such as ...

Ebola and insurance: A complicated mixture
Multinational corporations and nongovernmental organizations that operate at the epicenter of the Ebola epidemic in West Africa as well as U.S. health care facilities are scrambling to make sure they have adequate insurance coverage against the deadly ...

Cast & Crew Launches Obamacare-Compliant Insurance Plan
Cast & Crew Entertainment Services, the provider of payroll and production accounting services, is launching an insurance program that's compatible with the Affordable Care Act and designed to simplify employers' administrative tasks. Dubbed Cast ...

Genstar Sells Significant Interest in Insurance Software Firm Insurity
Private equity firm Genstar Capital said it has sold a significant interest in Insurity, an insurance processing and data integration software business, to TA Associates, a Boston-based private equity firm. San Francisco Genstar acquired the insurance ...

KARE 11 Investigates: A war hero's battle over insurance
But for the retired Air Force Major, winner of the Distinguished Flying Cross, the latest battle has been with his insurance company. Jerry bought long term care health insurance back in 1999 from Continental Casualty Company, also known as CNA. With ...

Medical Malpractice Insurance Costs Ease in Pennsylvania
"Depending on your specialty, it's a costly part of doing business, of practicing medicine in Pennsylvania," said ear, nose and throat specialist Karen Rizzo. She is president the Pennsylvania Medical Society. "Our malpractice insurance premiums are a ...

East Bay GOP Assembly candidate in hospital with no insurance, blames ...
East Bay GOP Assembly candidate in hospital with no insurance, blames ...

2014 crop insurance harvest prices finalized
As the 2014 corn and soybean harvest season is wrapping up, many farm operators in Minnesota and surrounding states are focusing their efforts on 2014 crop insurance claims. Even though USDA is projecting record U.S. corn and soybean production in ...

Herman Cain says more losing insurance through Obamacare than gaining it
More people are losing their insurance than are becoming newly insured, and 51 percent of those enrolled in the exchanges say they will not re-up given the opportunity the next time around. Then there are the 29ers (people being limited to 29 hours a ...

Prop. 45 Attacked by Health Insurance Industry
The measure would give the state's insurance commissioner authority to reject excessive rate hikes in health insurance sold on the individual and small business markets. Consumers who have seen their premiums go up by double digits year after year ...

Woman accused in ex-boyfriend's killing acted out of 'greed,' sought insurance ...
Woman accused in ex-boyfriend's killing acted out of 'greed,' sought insurance ...

Providing Health Insurance Still a Struggle for Small Business
But a year after the law's introduction of the insurance exchanges, provisions that were supposed to help small businesses offer employee health benefits are largely seen as a failure. And Mr. Adams, like many of his fellow business owners, is sending ...

More Problems Expected on Federal Health-Insurance Site in New Year
The problems, while expected to cause headaches for shoppers, insurance companies and the Obama administration, aren't likely to result in the disastrous complications that crippled the first year of health-law enrollment. They won't fully surface ...

Consumers Beware: The Truth About Life Insurance, Annuities And College ...
Consumers Beware: The Truth About Life Insurance, Annuities And College ...

Voters Reject Proposition 45, That Would Allow Insurance Commissioner To ...
Voters Reject Proposition 45, That Would Allow Insurance Commissioner To ...

Proposition 45: California Voters Defeat Health Insurance Rate Initiative
LOS ANGELES (AP) – California voters on Tuesday shot down a ballot initiative that sought to expand the state insurance commissioner's authority after health insurance companies poured millions of dollars into advertising to fight it. With 26 percent ...

Democrat Jones Leads Insurance Commissioner Race
The question of whether health insurers should be treated more like auto and homeowner insurance companies will be put to the test with Proposition 45. Health insurance companies have poured millions of dollars into advertising in an effort to shoot it ...

Democrat Jones wins insurance commissioner race
During his campaign, Jones said he helped save businesses and consumers $1.4 billion by rejecting excessive premium increases for auto, home and other insurance. The 52-year-old also pushed for authority to veto rate increases proposed by health ...

Health-Insurance Deadline Prompts Marketing Blitz to Drum Up Business
That could leave some enrollees surprised and angry when they get their first insurance bills for 2015, if premiums go up and subsidies don't keep pace. Insurers are required by regulators to send letters before Nov. 15 that include enrollees' new ...

Employers Can't Skip Insurance Coverage For Hospitalization
Closing what many see as a loophole that could trap millions of people in sub-standard insurance, the Obama administration said Tuesday that large-employer medical plans lacking hospital coverage will not qualify under the Affordable Care Act's ...

Do I Need To Upgrade My Health Insurance During The Open Enrollment Period ...
Do I Need To Upgrade My Health Insurance During The Open Enrollment Period ...

Lower homeowners insurance rates could be just a phone call away
We talked with one local insurance agent who told us some of his customers saw 30% rate increases for the last two years in a row, so it was great to be able to call some customers and tell them rates would go down, in some cases by $500 next year, ...

Medigap Insurance: Who Needs It?
That's where Medigap insurance kicks in. Depending on the plan you get, Medigap will pay all or a potion of the costs Medicare doesn't cover. 3. Those “extra” charges can't be that substantial, can they? Oh, yes they can. Here are a few examples. If ...

Spacesuit? Helmet? Life insurance? Space tourist loophole may end
NEW YORK (Reuters) - While private pilots and skydivers have to take out extra life insurance to cover the added risk of their pursuits, space tourists do not need special policies on their high flying rides. That loophole is likely to disappear ...

WPS Health Insurance to add 100 jobs in Wausau
WPS Health Insurance expects to hire up to 250 new workers at its Wausau office over the next several months to help administer a new program for the U.S. Department of Veterans Affairs. The work is related to the recently passed Veterans Access ...