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National Insurance News

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05/03/2016 07:22 AM

'My pet insurance premiums have already risen 233pc - with more to come. This is what I'll do...' - Telegraph.co.uk


Telegraph.co.uk

'My pet insurance premiums have already risen 233pc - with more to come. This is what I'll do...'
Telegraph.co.uk
Our rescue dog, Scout, is six, we think, and very well-loved. Was I wrong to cancel his insurance? The renewal notice last summer took his premiums up from £23 to £30 a month. Once, they cost just £9. By comparison, my wife and I pay £25 a month to ...

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05/03/2016 09:32 PM

Japan-to-U.S. Insurance M&A Wave Not Over Yet, Bankers Say - Bloomberg


Japan-to-U.S. Insurance M&A Wave Not Over Yet, Bankers Say
Bloomberg
Japanese buyers' willingness to keep striking deals in the U.S. should help buoy an otherwise slow market for U.S. insurance dealmaking in 2016, panelists said. New rules aimed at curbing so-called inversion deals have put a chill on cross-border deals ...

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05/03/2016 09:50 PM

An Insurance Exodus From Obamacare Could Come in 2017 - Daily Signal


Daily Signal

An Insurance Exodus From Obamacare Could Come in 2017
Daily Signal
Insurers with narrow provider networks appear to have done relatively well, while the Affordable Care Act created health insurance cooperatives, established with government funding, incurred the greatest losses. Additionally, the authors estimate that ...

 

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05/04/2016 12:00 AM

John McManus: the great motor insurance price hike mystery - Irish Times


Irish Times

John McManus: the great motor insurance price hike mystery
Irish Times
Quinn Insurance headed by Seán Quinn entered the Irish market in the 1990s and started to aggressively drive down prices. The other players in the market all expressed their bafflement at how Quinn could write insurance profitably at such prices, but ...

 

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05/02/2016 08:01 PM

Insurance brokerage is broken - TechCrunch


TechCrunch

Insurance brokerage is broken
TechCrunch
I've worked on a number of projects over the past year as an MBA Associate with the General Catalyst team. One of my principal areas of focus has been a deep dive into the emerging field of insurance technology startups, piggybacking GC's early work in ...

 

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05/04/2016 12:27 AM

Why You Should Consider Buying Flood Insurance - ConsumerReports.org


Tampabay.com

Why You Should Consider Buying Flood Insurance
ConsumerReports.org
The storms are a reminder that it can be a good idea to have flood insurance, even if you don't live in a recognized flood zone. Floods can take place at any time and in unexpected places, according to the National Flood Insurance Program, which ...
Column: Floridians cannot afford to see their flood insurance wash awayTampabay.com
Bristol Township to hold flood insurance meetingBucks County Courier Times

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05/03/2016 09:30 PM

Why are earthquake insurance rates on the rise in Oklahoma? - kfor.com


kfor.com

Why are earthquake insurance rates on the rise in Oklahoma?
kfor.com
OKLAHOMA CITY - Earthquake insurance rates are on the rise but so are the number of higher magnitude quakes in the state. In the past couple of weeks, several quakes that were magnitude three and higher have rattled Luther, Harrah, Perry and Fairview.

 

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05/04/2016 01:27 AM

Woman charged with filing false $16000 car insurance claim - OCRegister


Woman charged with filing false $16000 car insurance claim
OCRegister
A 40-year-old woman pleaded not guilty Monday to submitting a false insurance claim for a vehicle driven by someone else involved in a traffic collision last year. Orange County prosecutors believe Amezuca Alejandra Rodriguez of Santa Ana filed a $16 ...

 

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05/03/2016 08:39 PM

How Your Relatives' Health Affects Your Life Insurance Rates - NerdWallet (blog)


How Your Relatives' Health Affects Your Life Insurance Rates
NerdWallet (blog)
You probably know your health will affect prices when you shop for life insurance coverage. What you might not realize is that your family's health history can also influence your rates. Life insurers consider your parents' and sometimes your siblings ...

 

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05/03/2016 11:08 PM

Fake Insurance Card Results In $1000 Fine - KARK


Fake Insurance Card Results In $1000 Fine
KARK
“I wish to thank our Criminal Investigation Division for their hard word resulting in separate guilty pleas; one for using a fake insurance card to register a vehicle, and another for leaving a car in one state and claiming it was stolen when returning ...

 

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insurance news feeds
 

International Insurance News

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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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04/21/2016 11:06 PM

Attempts to Embezzle Millions From Global Insurance Company Results in Jail - Lawfuel


Attempts to Embezzle Millions From Global Insurance Company Results in Jail
Lawfuel
From January 2012 through December 2013, SHEA and FALLON engaged in a scheme to embezzle approximately $2.6 million from SHEA's employer, the North American subsidiary of an international insurance company (“Company-1”). SHEA, who rose to ...

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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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04/08/2016 05:57 PM

Manufacturers Life Insurance Company The buys $142.8 Million stake in Magna International (USA) (MGA) - Los Angeles Mirror


Manufacturers Life Insurance Company The buys $142.8 Million stake in Magna International (USA) (MGA)
Los Angeles Mirror
Magna International (USA) (MGA) : Manufacturers Life Insurance Company The scooped up 32,296 additional shares in Magna International (USA) during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now ...

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05/03/2016 05:15 PM

AXA's revenue buoyed by international business - MarketWatch


AXA's revenue buoyed by international business
MarketWatch
... by combining the value of payments on new regular premium policies, and 10% of the value of payments made on one-time, single-premium products. The company said its solvency ratio--a key measure of an insurance company's financial strength--stood ...

 

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05/03/2016 11:51 PM

Know before you go: the importance of a medical travel consultation for members of the Stanford community - Stanford University News


Stanford University News

Know before you go: the importance of a medical travel consultation for members of the Stanford community
Stanford University News
Are you planning an international trip this summer? You won't be alone. According to research from the university's travel registry, many Stanford students, faculty and staff travel internationally during the summer whether for recreation or research.

 

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05/03/2016 07:41 AM

AIG sells shares in Chinese insurance company: report - gbtimes


gbtimes

AIG sells shares in Chinese insurance company: report
gbtimes
American International Group has reportedly raised US$1.25 billion by selling a large chunk of its stake in China's PICC Property and Casualty Company. According to a report by the International Financing Review, AIG sold about 740 million shares at ...
American International Group Inc (AIG): Offloading Holdings in ChinaBusiness Finance News
AIG to Sell Stake in Chinese Insurance Company PICC P&C: ReportChinaTopix

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05/03/2016 10:02 PM

Granite Investment Advisors Lowers stake in American International Group Inc (AIG) - Market Digest


City A.M.

Granite Investment Advisors Lowers stake in American International Group Inc (AIG)
Market Digest
The investment management company now holds a total of 197,891 shares of American International Group Inc which is valued at $11,046,276 after selling 3,836 shares in American International Group Inc , the firm said in a disclosure report filed with ...
Insurance titan American International Group posts lower than expected profits for third consecutive quarterCity A.M.
American International Group Inc (AIG) Sees Unusually-High Trading Volume After Dividend AnnouncementWeb Breaking News
Why These Stocks Are in Spotlight Today?Insider Monkey (blog)

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05/04/2016 04:12 AM

MetLife & HKUST to Launch Second Annual Hong Kong Business Amazing Race - Business Wire (press release)


MetLife & HKUST to Launch Second Annual Hong Kong Business Amazing Race
Business Wire (press release)
Both MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited are authorized insurers carrying long term business in Hong Kong. ^ Based on 2015 written premiums. Source: Axco Global Statistics 2016. # Based on non-banking assets ...

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05/03/2016 02:38 PM

Financial Services Market Daily: UBS Group, American International Group, HSBC Holdings - Bidness ETC


Bidness ETC

Financial Services Market Daily: UBS Group, American International Group, HSBC Holdings
Bidness ETC
American International Group Inc. (NYSE:AIG) reported its third straight quarterly loss for 1QFY16. Results were largely hurt by losses in hedge fund and other investments. The insurance company recorded a net loss of $183 million for the reporting ...

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