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National Insurance News

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07/27/2016 04:06 PM

Michigan auto insurance rates go up in October - Lansing State Journal


Lansing State Journal

Michigan auto insurance rates go up in October
Lansing State Journal
LANSING – In October, an estimated 2 million Michigan drivers can expect to pay $40 more per vehicle for their auto insurance. Auto insurers blame the rate increase on the removal of an $80 million tax credit from the state's 2016-2017 budget.

 

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07/27/2016 08:42 PM

State recovers $3.5 million in insurance fraud case - MyCentralJersey.com


MyCentralJersey.com

State recovers $3.5 million in insurance fraud case
MyCentralJersey.com
TRENTON — The state Department of Banking and Insurance has recovered $3.5 million in fines, penalties and attorneys' fees in an insurance fraud case against Gregorio Lajara of Perth Amboy and various other individuals, health care practitioners and ...

 

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07/27/2016 06:48 PM

CareFirst ups insurance rate increase request for 2017 - Baltimore Business Journal


Baltimore Business Journal

CareFirst ups insurance rate increase request for 2017
Baltimore Business Journal
CareFirst BlueCross BlueShield is seeking a higher rate increase than expected — asking for a 27.8 percent increase to its HMO plan and a 36.6 percent increase to its PPO plan. Those rates are higher than the initial request CareFirst made of 12 ...

 

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07/27/2016 03:27 PM

Say what? Average health insurance prices fell — really — after Obamacare - CNBC


CNBC

Say what? Average health insurance prices fell — really — after Obamacare
CNBC
The average premiums in the nation's individual health insurance market "actually dropped significantly" in 2014, the year that the Affordable Care Act took effect, "even while consumers got better coverage," according to two health-care analysts whose ...

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07/26/2016 10:26 PM

Insurance company founded by Trump relative will slash coverage - New York Daily News


New York Daily News

Insurance company founded by Trump relative will slash coverage
New York Daily News
An insurance company popular among Silicon Valley investors that was co-founded by the brother of Donald Trump's son-in-law announced Tuesday it is leaving thousands of its customers high and dry. Oscar insurance slashed its coverage in half — from ...

 

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07/27/2016 06:17 AM

Graduate of Disabled Veterans Insurance Careers Hired to Florida Insurance Agency - Insurance Journal


Insurance Journal

Graduate of Disabled Veterans Insurance Careers Hired to Florida Insurance Agency
Insurance Journal
Disabled Veterans Insurance Careers (DVIC), the non-profit organization that helps train, educate and create employment opportunities within the insurance industry for disabled veterans, celebrated the graduation of Joanne Smith on June 30.

 

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07/27/2016 10:33 AM

Low wages, high insurance force deputies out of Putnam Co. - Firstcoastnews.com


Firstcoastnews.com

Low wages, high insurance force deputies out of Putnam Co.
Firstcoastnews.com
PUTNAM COUNTY, Fla. -- An unexpected insurance hike, coupled with perpetual low wages, is forcing Putnam County Sheriff's Office deputies out in droves. The sheriff's department hasn't seen a raise or significant budget increase in nearly a decade.

 

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07/26/2016 07:11 PM

Big news for Chicago-area Obamacare insurance exchange: Cigna seeks to join - Chicago Tribune


Chicago Tribune

Big news for Chicago-area Obamacare insurance exchange: Cigna seeks to join
Chicago Tribune
Cigna's arrival is some welcome news for consumers who face uncertainty over their 2017 Obamacare medical plans on the Illinois health insurance exchange. Insurers have struggled with rising medical costs under President Barack Obama's landmark ...
ObamaCare and Big InsuranceWall Street Journal
Would a new round of insurance mergers include Centene?St. Louis Business Journal

all 117 news articles »
 

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07/27/2016 02:24 PM

Anthem Tells Judge Cigna Deal Will Help Health Insurance Market - Bloomberg


Bloomberg

Anthem Tells Judge Cigna Deal Will Help Health Insurance Market
Bloomberg
The Indianapolis-based company also said the combined carrier would fortify the online insurance exchanges created under the Affordable Care Act at a time when other insurers are withdrawing from them, according to papers filed late Tuesday in federal ...
Insurance companies blocked from averting suicideOneNewsNow

all 38 news articles »
 

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07/26/2016 11:49 AM

Chinese Buyers on Acquisition Spree Eye Insurance Firms - Wall Street Journal


Wall Street Journal

Chinese Buyers on Acquisition Spree Eye Insurance Firms
Wall Street Journal
HONG KONG—For Chinese bidders shopping overseas there is a new must-have: an insurance company. The latest example is a $1 billion bidding war for Singapore-based Asia Capital Reinsurance Group Pte. Ltd. All three of the leading bidders are ...
Chinese buyers target foreign insurance companiesChina Daily

all 13 news articles »
 

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International Insurance News

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07/01/2016 05:55 PM

A.M. Best Affirms Ratings of Markel International Insurance Company Limited and Lloyd's Syndicate 3000 - Business Wire (press release)


A.M. Best Affirms Ratings of Markel International Insurance Company Limited and Lloyd's Syndicate 3000
Business Wire (press release)
LONDON--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of Markel International Insurance Company Limited (MIICL) (United Kingdom) and Lloyd's Syndicate 3000 (United ...

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07/25/2016 07:03 AM

Houston International Insurance Group Announces Senior Management Promotions - Insurance Journal


Houston International Insurance Group Announces Senior Management Promotions
Insurance Journal
Houston International Insurance Group (HIIG) announced senior management promotions for its holding company, property/casualty underwriting operations and other business units. Peter Smith has been promoted to president of the holding company and ...

 

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07/22/2016 11:05 AM

Why Form A Captive Insurance Company In Barbados‎ - Mondaq News Alerts (registration)


Why Form A Captive Insurance Company In Barbados‎
Mondaq News Alerts (registration)
Apart from Barbados' reputation as one of the premier holiday destinations in the world and its recognition as being among the top developing nations worldwide, the island has developed and enjoys a reputation as one of the world's leading ...

 

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07/01/2016 09:49 PM

A.M. Best Assigns Ratings to Sirius Bermuda Insurance Company Ltd. and Affirms Ratings of Sirius International Group ... - Business Wire (press release)


A.M. Best Assigns Ratings to Sirius Bermuda Insurance Company Ltd. and Affirms Ratings of Sirius International Group ...
Business Wire (press release)
Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of “a” of Sirius International Insurance Corporation (publ) (Sirius International) (Sweden) and its subsidiary, Sirius America Insurance Company (Sirius America) (New York, NY).

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07/27/2016 03:09 PM

Iranian private sector calls for development of international insurance ties - Tehran Times


Tehran Times

Iranian private sector calls for development of international insurance ties
Tehran Times
Underscoring the role of insurance coverage as the developer of business activities, he exemplified the Italian insurance company, SACE, who signed three collaboration agreements with the major Iranian private banks, Bank Pasargad, Bank Parsian and ...

 

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07/27/2016 05:15 PM

Kotoko sign five-year deal with insurance company Hollard Ghana - GhanaWeb


GhanaWeb

Kotoko sign five-year deal with insurance company Hollard Ghana
GhanaWeb
Hollard Ghana combines its deep local knowledge of the market with the world-class expertise of an international insurance brand. [With their headquarters] in South Africa but [their] feet firmly planted on Ghanaian soil, [they] deliver innovative ...

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07/27/2016 06:51 AM

Correction: Catalina to Buy Hartford Financial Products International & Downlands Liability Management - Insurance Journal


Hartford Courant

Correction: Catalina to Buy Hartford Financial Products International & Downlands Liability Management
Insurance Journal
Catalina Holdings (Bermuda) Ltd. announced its wholly owned subsidiary Catalina Holdings UK Ltd. has signed a definitive agreement to acquire Hartford Financial Products International Ltd. (HFPI) and Downlands Liability Management Ltd. (DLM) from ...
The Hartford To Sell UK P&C Runoff Subsidiaries To CatalinaHartford Courant
The Hartford sells UK property and casualty subsidiaries to CatalinaIntelligent Insurer (subscription)
Catalina to acquire ExcessThe Insurance Insider (subscription)
StreetInsider.com -Insurance Business Review
all 12 news articles »
 

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07/11/2016 01:54 PM

Edelweiss gets nod from IRDA to set up insurance company in India - International Business Times, India Edition


International Business Times, India Edition

Edelweiss gets nod from IRDA to set up insurance company in India
International Business Times, India Edition
Edelweiss General Insurance Company (EGIC) cleared the first step in becoming an insurance company in India with the Insurance Regulatory and Development Authority of India (IRDAI) approving its registration application, as disclosed by Edelweiss ...

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07/27/2016 08:04 PM

Arch Capital Group Ltd. Reports 2016 Second Quarter Results - Business Wire (press release)


Arch Capital Group Ltd. Reports 2016 Second Quarter Results
Business Wire (press release)
The mortgage segment includes the Company's U.S. and international mortgage insurance and reinsurance operations as well as government sponsored enterprise (“GSE”) credit-risk sharing transactions. Arch Mortgage Insurance Company (“Arch MI U.S.”) ...

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07/27/2016 08:00 PM

Jewish Insider's Daily Kickoff: July 27, 2016 - Haaretz


Haaretz

Jewish Insider's Daily Kickoff: July 27, 2016
Haaretz
The model sits at Tel Aviv's Ben Gurion International Airport. "The advantage that we have compared to other teams that are doing this is that the space industry here in Israel is focused on very small spacecraft already today," said Privman." [CNNMoney]

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