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National Insurance News

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05/26/2016 02:03 PM

The Unpleasantness of Selling and Buying Insurance - Insurance Journal


Insurance Journal

The Unpleasantness of Selling and Buying Insurance
Insurance Journal
It isn't easy to sell life insurance. Investing in a mutual fund, you feel like you're saving money. Purchasing insurance, you feel like you're spending it. “It's not a pleasant thing to buy,” said John Schlifske, chief executive officer of ...

 

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05/26/2016 09:15 AM

Terrorism has travelers buying insurance, if not calm - CBS News


CBS News

Terrorism has travelers buying insurance, if not calm
CBS News
Egypt may deny that Egypt Air Flight 804 was a terrorist target when it spun and crashed into the Mediterranean on May 19, but the fear among would-be international travelers is pervasive. And it's leading more and more of them to purchase travel ...

 

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05/26/2016 12:54 PM

Travelers Promotes Toczydlowski to President, Business Insurance; Spadorcia Retires from Personal Insurance - Insurance Journal


Travelers Promotes Toczydlowski to President, Business Insurance; Spadorcia Retires from Personal Insurance
Insurance Journal
Toczydlowski most recently served as executive vice president and president, Small Commercial, Business Insurance Technology and Operations. Since joining Travelers in 1990, he has held numerous positions in systems, finance, underwriting, product, ...

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05/25/2016 11:53 PM

5 Crucial Insurance Changes After Divorce - Forbes


Forbes

5 Crucial Insurance Changes After Divorce
Forbes
Any major life change sends a ripple effect through your finances — especially a divorce. Insurance matters may seem trivial next to the emotional upheaval of ending a marriage. But minding the details now can prevent financial pain later. Here's a ...

 

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05/26/2016 05:45 PM

Kansas Insurance Commissioner reaches out a helping hand to storm victims; How to avoid scammers - WIBW


WIBW

Kansas Insurance Commissioner reaches out a helping hand to storm victims; How to avoid scammers
WIBW
TOPEKA, Kan. (WIBW)- With severe weather outbreaks near Abilene and Dodge City, and with more storms in the forecast, the Kansas Insurance Department is offering its services to those affected. “We are concerned by the impact of the severe weather that ...

 

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05/26/2016 03:22 PM

HALF of Brits travel abroad without insurance - 10 important things you should know before you jet off - Mirror.co.uk


Mirror.co.uk

HALF of Brits travel abroad without insurance - 10 important things you should know before you jet off
Mirror.co.uk
Nearly half of Brits routinely travel abroad without insurance - with a third of 18-24 year olds admitting to never buying into holiday cover, according to TravelSupermarket. Out of the 30 most popular holiday destinations, the places where Brits are ...
What to Know Before Buying Travel InsuranceHuffington Post
Are overseas hospitalization costs covered in travel insurance?Moneycontrol.com

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05/25/2016 07:46 PM

Insurance for Airbnb hosts: Allstate to sell home-sharing coverage - Chicago Tribune


Chicago Tribune

Insurance for Airbnb hosts: Allstate to sell home-sharing coverage
Chicago Tribune
Bob Hunter, Consumer Federation of America insurance director and a former Texas insurance commissioner, said Allstate's HostAdvantage sounds like a "decent idea" but that homeowners should ensure that their existing homeowners' policy doesn't ...
Allstate Debuts Insurance Coverage for Homeowners Sharing Their HomesInsurance Journal

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05/26/2016 05:09 AM

Ask the Times: Insurance companies can't dictate who does repairs - Quad City Times


Quad City Times

Ask the Times: Insurance companies can't dictate who does repairs
Quad City Times
The question I posed to our insurance company, "Has it ever been considered when so many houses need new roofs to get together with the neighborhood regardless of your insurance carrier, have three or four roofing contractors come in and bid all the ...

 

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05/26/2016 08:04 PM

Coventry plans 23% health-insurance premium increase - DesMoinesRegister.com


DesMoinesRegister.com

Coventry plans 23% health-insurance premium increase
DesMoinesRegister.com
About 37,000 Iowans who buy Coventry health insurance could face premium increases averaging 23 percent next year. That's the amount the insurer has proposed raising rates on most Iowans who buy their own Coventry coverage instead of obtaining it via ...

 

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05/26/2016 09:55 PM

Consumer groups oppose insurance company's push for arbitration - MyStatesman.com


MyStatesman.com

Consumer groups oppose insurance company's push for arbitration
MyStatesman.com
Deeia Beck, head of the state's Office of Public Insurance Counsel, wrote this week to David Mattax, the state commissioner of insurance, to tell him that arbitration endorsements on homeowner insurance policies can be harmful to Texans, and the Texas ...

 

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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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05/24/2016 08:30 PM

China's Leading Insurance Company Ping An Joins R3 Blockchain Consortium - newsBTC


newsBTC

China's Leading Insurance Company Ping An Joins R3 Blockchain Consortium
newsBTC
The blockchain consortium of international banking institutions now has a new member in the form of Ping An Financial Services Group. By announcing its inclusion into the consortium, Ping An has become the first financial institution from China to ...
China's Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3Insurance Journal

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05/23/2016 11:56 AM

Sapiens Expands Strategic Alliance with Anadolu Insurance Company (NASDAQ:SPNS) - Sonoran Weekly Review


Sapiens Expands Strategic Alliance with Anadolu Insurance Company (NASDAQ:SPNS)
Sonoran Weekly Review
Sapiens International N.V (NASDAQ:SPNS), a provider of software solutions for the insurance industry, said Monday that it has expanded its strategic relationship with Anadolu Insurance Company, a private insurer operating in Turkey. Under the expanded ...
Sapiens International expands relationship with Turkish insurerIntelligent Insurer (subscription)

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05/26/2016 03:09 PM

A.M. Best Affirms Ratings of Bahrain Kuwait Insurance Company B.S.C. - Business Wire (press release)


A.M. Best Affirms Ratings of Bahrain Kuwait Insurance Company B.S.C.
Business Wire (press release)
LONDON--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Bahrain Kuwait Insurance Company B.S.C. (BKIC) (Bahrain). The outlook for each rating remains stable. The ratings ...

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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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05/26/2016 06:16 PM

A.M. Best Affirms Ratings of Oxford Life Insurance Company and Subsidiaries - Business Wire (press release)


A.M. Best Affirms Ratings of Oxford Life Insurance Company and Subsidiaries
Business Wire (press release)
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of Oxford Life Insurance Company (Oxford Life) (Phoenix, AZ) and its subsidiary, Christian Fidelity ...

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05/26/2016 03:05 PM

A.M. Best Affirms Ratings of Arab Orient Insurance Company - Business Wire (press release)


A.M. Best Affirms Ratings of Arab Orient Insurance Company
Business Wire (press release)
LONDON--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of Arab Orient Insurance Company (gig Jordan) (Jordan). The outlook for each rating remains stable. The ratings reflect ...

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05/26/2016 12:02 PM

After 30 years, Stamford ship insurer offers first dividend - Norwalk Advocate


Norwalk Advocate

After 30 years, Stamford ship insurer offers first dividend
Norwalk Advocate
Navigators is seeking approval from the United Kingdom to create a U.K.-domiciled international insurance company to expand its business in Europe. “Market conditions in general were challenging and are expected to remain so for the foreseeable future ...
The Navigators Group Initiates $0.09 Dividend, First in Company History (NASDAQ:NAVG)Sonoran Weekly Review
Navigators Initiates DividendGlobeNewswire (press release)

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05/26/2016 01:19 PM

A.M. Best Briefing: Mutual Insurance is a Developing Organizational Structure in China - Business Wire (press release)


A.M. Best Briefing: Mutual Insurance is a Developing Organizational Structure in China
Business Wire (press release)
The minimum start-up capital requirement for a mutual insurance company license is based on the type of mutual (e.g., general, professional, or regional). For general mutual insurers, that requirement is CNY 100 ... According to the International ...

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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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