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National Insurance News

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05/24/2016 11:26 PM

Business Of Disaster: Insurance Firms Profited $400 Million After Sandy - NPR


NPR

Business Of Disaster: Insurance Firms Profited $400 Million After Sandy
NPR
At the center of that system is the National Flood Insurance Program, which is designed to help in disasters like Sandy. Almost everyone with a mortgage who lives near water pays for flood insurance through the program, so more than three years later ...
How Much Do Insurance Companies Profit After a Natural Disaster?FRONTLINE
Frontline, NPR Investigates Insurance Companies Short-Changing Victims of SandyNJTV News
FEMA Changes Handling of Flood Insurance Claims, AppealsEmergency Management
Asbury Park Press -NJ.com -News & Observer
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05/24/2016 08:29 PM

Insurance companies taking too big a risk on fossil fuels, report says - The Guardian


The Guardian

Insurance companies taking too big a risk on fossil fuels, report says
The Guardian
Cynthia McHale, the report's lead author, says the public is largely unaware of the extent of fossil fuel investments by their insurance companies. Poor investment strategies could negatively affect the financial health of insurance firms and their ...

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05/24/2016 06:00 PM

As Zenefits Stumbles, Gusto Goes Head-On by Selling Insurance - Bloomberg


Bloomberg

As Zenefits Stumbles, Gusto Goes Head-On by Selling Insurance
Bloomberg
Gusto plans to begin selling health insurance plans to customers on Tuesday, putting it in direct competition with Zenefits. Gusto's software pulls what the company knows about its 30,000 small-business customers from their payroll data —such as the ...

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05/24/2016 12:10 PM

AIG to Sell Crowdfunding Insurance, Looking to Make Money Off Investors' Worries - Wall Street Journal (blog)


Wall Street Journal (blog)

AIG to Sell Crowdfunding Insurance, Looking to Make Money Off Investors' Worries
Wall Street Journal (blog)
The New York company is set to launch what it is calling “Crowdfunding Fidelity,” an insurance product developed to protect investors on equity crowdfunding platforms against fraud. In announcing the new coverage Tuesday morning, AIG noted that there ...
AIG Introduces Equity Crowdfunding Insurance For InvestorsCrowdfund Insider
AIG Launches a New Equity Crowdfunding Insurance Product to Protect InvestorsBusiness Wire (press release)

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05/24/2016 06:54 PM

Allstate Plays Both Sides Of The Insurance Coin With Mayhem And Adam Devine - Forbes


Forbes

Allstate Plays Both Sides Of The Insurance Coin With Mayhem And Adam Devine
Forbes
In what appears to be a parallel campaign to Allstate's long-running “Mayhem” campaign, comedian and Modern Family cast member, Adam Devine, is contributing his Millennial magic to a couple new spots. He's not the only one. Leslie Jones from Saturday ...

 

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05/24/2016 01:24 PM

After a grilling over OMNIA, Christie's top insurance official wins Senate panel OK - NJ.com


NJ.com

After a grilling over OMNIA, Christie's top insurance official wins Senate panel OK
NJ.com
TRENTON — Gov. Chris Christie's pick for state Banking and Insurance commissioner won the support of a Senate panel Monday, but not before the nominee endured a grilling over the administration's approval of a controversial insurance plan. The Senate ...

 

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05/24/2016 04:02 AM

Can startups disrupt the $20 billion cyber insurance market? - TechCrunch


TechCrunch

Can startups disrupt the $20 billion cyber insurance market?
TechCrunch
Over the past few years, cyber insurance markets have been growing at between 25-50 percent CAGR each year. According to The Betterley Report 2015, annual policy premiums are approaching $2.75 billion. The ecosystem of insurance underwriters, ...
Insurance claims from December floods exceed 15000BT.com
Insure against a cyberwhat now? How the heck do we crunch those numbers?The Register
Insurers urge anonymous database to help underwrite cyber risksBusiness Insurance

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05/24/2016 11:13 PM

Oklahoma insurance commissioner investigating earthquake insurance in the state - KOCO Oklahoma City


KOCO Oklahoma City

Oklahoma insurance commissioner investigating earthquake insurance in the state
KOCO Oklahoma City
During a public hearing Tuesday, Commissioner John Doak heard new details about fluctuating earthquake insurance rates. “I'm concerned the competition in the earthquake line is not sufficient to protect consumers,” Doak said. Doak is investigating to ...
Oklahoma officials examining whether system for earthquake insurance is workingkfor.com
Oklahoma regulators raise concerns on quake insurance rate hikesThomson Reuters Foundation

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05/24/2016 06:34 PM

CDB approves US$3.5-m grant to pay Haiti's catastrophe risk insurance - Jamaica Observer


Jamaica Observer

CDB approves US$3.5-m grant to pay Haiti's catastrophe risk insurance
Jamaica Observer
Given Haiti's fragility and high vulnerability to natural hazards, the CDB committed to paying its annual Caribbean Catastrophe Risk Insurance Facility (CCRIF) premiums, as part of the CDB country partnership strategy for Haiti for the period 2013-2016.

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05/24/2016 05:00 PM

NFL versus Its Own Insurance Companies is the Fight the NFL Never Wants to Go Public - The Big Lead


The Big Lead

NFL versus Its Own Insurance Companies is the Fight the NFL Never Wants to Go Public
The Big Lead
A day after ESPN's Outside The Lines reported that a Congressional report says the NFL improperly tried to influence head trauma research, the NFL is in the news again. This one may have greater long-term implications, even if something with insurance ...

 

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International Insurance News

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05/19/2016 04:28 PM

AIG: Don't Be Fooled, Icahn Doubling Down On This Insurance Company Is A Big Deal - Seeking Alpha


AIG: Don't Be Fooled, Icahn Doubling Down On This Insurance Company Is A Big Deal
Seeking Alpha
Billionaire investor and AIG shareholder Carl Icahn recently increased his stake in the insurance company, adding to his clout and growing his influence on AIG's Board of Directors. American International Group is going to return $25 billion in cash to ...

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05/23/2016 07:55 AM

Anadolu Insurance Company Signs a Multi-Million Dollar Agreement with Sapiens, Expanding Their Strategic ... - PR Newswire (press release)


Anadolu Insurance Company Signs a Multi-Million Dollar Agreement with Sapiens, Expanding Their Strategic ...
PR Newswire (press release)
Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, announced today that Anadolu Insurance Company (Anadolu), ...
Sapiens Expands Strategic Alliance with Anadolu Insurance Company (NASDAQ:SPNS)Sonoran Weekly Review
Sapiens International expands relationship with Turkish insurerIntelligent Insurer (subscription)

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05/24/2016 03:18 AM

Manufacturers Life Insurance Company The Decreased Stake in American Intl Group INC (NYSE:AIG) by $42.53 ... - CCH Daily News


Manufacturers Life Insurance Company The Decreased Stake in American Intl Group INC (NYSE:AIG) by $42.53 ...
CCH Daily News
American International Group Inc (NYSE:AIG) has declined 5.17% since October 16, 2015 and is downtrending. It has underperformed by 6.57% the S&P500. Manufacturers Life Insurance Company The, which manages about $115.94B US Long portfolio, upped its ...

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04/25/2016 11:14 PM

Paramus Man Sentenced To 18 Months For Scheme To Embezzle Millions From International Insurance Company - Bergen Dispatch


Bergen Dispatch

Paramus Man Sentenced To 18 Months For Scheme To Embezzle Millions From International Insurance Company
Bergen Dispatch
Preet Bharara, the United States Attorney for the Southern District of New York, announced today that James J. Shea, age 49 of Paramus, New Jersey, was sentenced in Manhattan federal court to 18 months in prison for participating in a scheme to ...

 

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05/24/2016 08:28 PM

Vanbridge Holdings Appoints 4 New Board Members in New York - Insurance Journal


Vanbridge Holdings Appoints 4 New Board Members in New York
Insurance Journal
His background includes almost 40 years of insurance and reinsurance experience with American International Group, American Re-Insurance Company, American Risk Management (Reiss Group), Delaney Intermediaries Inc. and Lancer Financial Group.

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05/24/2016 02:54 PM

China's Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3 - Insurance Journal


City A.M.

China's Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3
Insurance Journal
China's second-biggest insurance company, Ping An Group, has become the first Chinese member of a global consortium led by fintech firm R3 which is working on ways blockchain technology can be used in financial markets, the companies said on ...
Chinese Financial Giant Ping An Group Joins R3 Blockchain ConsortiumThe Merkle

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04/30/2016 10:23 PM

Insurer gets gong for bad behaviour - Radio New Zealand


Radio New Zealand

Insurer gets gong for bad behaviour
Radio New Zealand
The insurance company said it was disappointed to have been named New Zealand's worst transnational corporation. IAG's head of corporate affairs, Craig Dowling, said the award showed a tragic lack of understanding of earthquake issues, and the ...

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05/24/2016 12:02 PM

Gawker Founder Suspects a Common Financer Behind Lawsuits - CNBC


CNBC

Gawker Founder Suspects a Common Financer Behind Lawsuits
CNBC
Kenneth G. Langone, the co-founder of Home Depot and former director of the New York Stock Exchange, helped fund Maurice R. Greenberg's lawsuit against the United States government over the bankruptcy of the American International Group, which was ...
Morning Agenda: Founder of Gawker Suspects Lawsuits Have a Common FinancerNew York Times (blog)

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05/24/2016 06:56 PM

AXA Tobacco Divestment: Why The Insurer Is Ditching A Thriving Industry, Amid Broader Debate Over Socially ... - International Business Times


International Business Times

AXA Tobacco Divestment: Why The Insurer Is Ditching A Thriving Industry, Amid Broader Debate Over Socially ...
International Business Times
For Paris-headquartered insurance company AXA, the choice seemed apparent. “It makes no sense for us to continue our investments within the tobacco industry,” Thomas Buberl, AXA's deputy CEO, ... A driving factor in AXA's decision was Tobacco Free ...

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05/24/2016 02:24 AM

Why so many international students are getting abortions - The Age


The Age

Why so many international students are getting abortions
The Age
About one third of international students' health claims at insurance company Bupa are pregnancy-related. The company's head of work and student health, Paul Richards, said poor sex education in students' home countries had led to the high number of ...

 

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