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National Insurance News

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08/29/2016 10:26 PM

Supreme Court starting hearings on Mpls. minimum wage, police insurance - Minnesota Public Radio News


Supreme Court starting hearings on Mpls. minimum wage, police insurance
Minnesota Public Radio News
One of the measures would set a $15 an hour minimum wage in the city, and the other would require Minneapolis police officers to carry professional liability insurance. On the minimum wage issue, the city of Minneapolis is appealing a ruling made by ...

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08/29/2016 08:38 PM

Insurance rate hikes approved for thousands of Iowans - DesMoinesRegister.com


DesMoinesRegister.com

Insurance rate hikes approved for thousands of Iowans
DesMoinesRegister.com
Iowa Insurance Commissioner Nick Gerhart has approved rate increases sought by four companies who provide health insurance in the state, Gerhart's agency announced Monday. The increases include plans covered by Wellmark Blue Cross & Blue Shield, ...
Iowa approves health insurance rate hikes for 4 companiesThe Daily Progress

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08/29/2016 03:37 PM

Insurance rates under Affordable Care Act set to spike in 2017 - KCRG


KCRG

Insurance rates under Affordable Care Act set to spike in 2017
KCRG
CEDAR RAPIDS, Iowa (KCRG-TV9) - Iowa's Insurance Division approved big rate hikes Monday for companies offering insurance plans under the Affordable Care Act, also known as Obamacare. The largest hike was for Wellmark, which will raise rates an ...
Obamacare Is Creating Monopolies For Insurance CompaniesDaily Caller
Insurance Commissioner: Obamacare is 'Very Near Collapse' in My StateTownhall
Enrollment in Affordable Care Act insurance exchanges half of initial forecastThe Denver Post
Clarifying Health (blog) -The Chattanoogan -Business Insider -Avalere Health
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08/29/2016 12:36 PM

Even millennials need life insurance. Here are some reasons why - CNBC


CNBC

Even millennials need life insurance. Here are some reasons why
CNBC
Millennials have plenty on their plate as they save for retirement and pay down loans, but here's another concern: Do they have enough life insurance? It's no secret that 20- and 30-somethings are holding off on some of the traditional milestones that ...

 

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08/29/2016 09:29 PM

Turn to Insurers for Some Portfolio Insurance - TheStreet.com


TheStreet.com

Turn to Insurers for Some Portfolio Insurance
TheStreet.com
This combination has been a boon to insurance stocks, the one part of the financial sector that broke out to new all-time highs last week, as reflected in the SPDR S&P Insurance ETF (KIE) . However, that move largely was overshadowed by the ...
Insurance Stocks To Watch As Sector Breakout Hits All-Time HighsSee It Market (blog)

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08/29/2016 02:14 PM

AIG, Chubb, XL Lead in $1 Billion US Cyber Insurance Market: Fitch - Insurance Journal


Insurance Journal

AIG, Chubb, XL Lead in $1 Billion US Cyber Insurance Market: Fitch
Insurance Journal
The P/C insurance industry sees cyber-related insurance coverage as a significant growth opportunity. Insurance broker Marsh & McLennan has estimated that in 2014 the global insurance market wrote approximately $2 billion in cyber insurance premiums, ...

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08/29/2016 05:49 PM

State Insurance Commissioners Name New Jersey's Hartt to Financial Oversight Panel - Insurance Journal


State Insurance Commissioners Name New Jersey's Hartt to Financial Oversight Panel
Insurance Journal
The National Association of Insurance Commissioners (NAIC) has appointed Peter L. Hartt, director of New Jersey's Insurance Division, to a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC).

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08/29/2016 09:57 AM

What's the difference between term and whole life insurance ... - MarketWatch


MarketWatch

What's the difference between term and whole life insurance ...
MarketWatch
Buying life insurance now helps protect your dependents later if you're not around to take care of them. After you're gone, your family can use the proceeds to ...
Colonial Life enhances life insurance coverage optionsYahoo Finance

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08/29/2016 09:01 PM

Editorial: A welcome law to protect consumers from insurance company greed - STLtoday.com


STLtoday.com

Editorial: A welcome law to protect consumers from insurance company greed
STLtoday.com
Insurance companies in Illinois and Missouri for years have been pocketing hundreds of millions of dollars from life insurance policies when beneficiaries don't step forward to file claims. For once, Republicans and Democrats are lining up on the same ...
New Illinois Law Makes Insurance Companies Find, Pay BeneficiariesInsurance Journal
New Idaho law protects life-insurance beneficiariesIdaho Statesman
New state law aims to ensure life insurance firms pay out benefitsIllinois News Network
WSIL TV
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08/29/2016 10:27 PM

Local insurance agent arrested on counts of identity theft and - Kern Golden Empire


Kern Golden Empire

Local insurance agent arrested on counts of identity theft and
Kern Golden Empire
The investigation shows McGinley misrepresented information on over 100 auto and homeowner policies by "manipulating the company database and falsifying insurance applications, unbeknownst to her clients, in order to meet sales quotas, increase ...
Bakersfield agent arrested for insurance fraud scheme involving more than 100 policiesKERO 23ABC News

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International Insurance News

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08/28/2016 08:17 AM

AM Best affirms ratings of Jordan International Insurance Company - CPI Financial


AM Best affirms ratings of Jordan International Insurance Company
CPI Financial
A.M. Best affirms ratings of Jordan International Insurance Company. A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Jordan International Insurance Company (JIIC) (Jordan). The outlook for ...

 

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08/23/2016 08:27 AM

Shropshire insurance company shortlisted for international award - shropshirelive.com


shropshirelive.com

Shropshire insurance company shortlisted for international award
shropshirelive.com
Health and safety specialists at a Shropshire company have been shortlisted for an international award – for the third year in a row. The team from Henshalls in Newport and Shrewsbury are finalists in the Specialist Company of the Year category at this ...

 

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08/29/2016 02:40 PM

Navigators Appoints New Leadership for Claims Operations - Insurance Journal


Navigators Appoints New Leadership for Claims Operations
Insurance Journal
In addition in the International segment, Michael Phipps joined Navigators on August 22, 2016 as claims manager for Navigators International Insurance Co., the company's recently authorized U.K. domiciled insurance company. Phipps previously worked at ...

 

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08/29/2016 09:17 PM

Fitch Affirms AIG's Ratings; Outlook Stable - Yahoo Sports


Fitch Affirms AIG's Ratings; Outlook Stable
Yahoo Sports
Earlier this year the company completed the sale of its independent broker-dealer network for a pre-tax gain of $225 million and reduced its investment in People's Insurance Company (Group) of China Limited. AIG also announced the proposed sale of its ...

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08/29/2016 02:10 PM

China Life Hurt by Low Interest Rates, Market Share Loss - Nasdaq


China Life Hurt by Low Interest Rates, Market Share Loss
Nasdaq
Also, stiff completion from new entrants in both domestic and international markets raises caution. Moreover ... Nevertheless, premiums - the main source of business for an insurance company - have been increasing in the recent years. The uptrend was ...

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08/29/2016 08:56 AM

Global piracy focus shifts to Gulf of Guinea, spike in crew abductions - Platts


Global piracy focus shifts to Gulf of Guinea, spike in crew abductions
Platts
"Curbing piracy in [the] Gulf of Aden was a success story but the problem is not going away and instead increasing in the Gulf of Guinea due to the severe unrest in Nigeria," Intertanko's regional manager for Asia, Tim Wilkins said at an international ...

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08/29/2016 11:40 PM

Insider Selling: The Navigators Group Inc. (NAVG) SVP Sells 2760 Shares of Stock - BBNS


Insider Selling: The Navigators Group Inc. (NAVG) SVP Sells 2760 Shares of Stock
BBNS
The Company is an international insurance company focused on marine insurance. The Company's segments are U.S. Insurance, International Insurance (Int'l Insurance), Global Reinsurance (GlobalRe) and Corporate. The Company's Property and Casualty ...

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08/29/2016 09:27 PM

Air Canada Charged $200 To Passenger After His Mom Died - Huffington Post Canada


Huffington Post Canada

Air Canada Charged $200 To Passenger After His Mom Died
Huffington Post Canada
A view of Air Canada planes at Toronto Pearson International Airport. (Photo: Artur ... The airline extended its sympathy to Lade in a statement to CBC News, adding he would have to talk to his insurance company if he wants a reimbursement. Lade told ...

 

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08/29/2016 06:36 PM

The Terrible Amusement Park that Explains Chongqing's Economic Miracle - Yahoo News


Yahoo News

The Terrible Amusement Park that Explains Chongqing's Economic Miracle
Yahoo News
State companies did some of the other big deals: China Life — the country's biggest state-owned life insurance company — paid city-owned utility Chongqing Water about $90 million for a 24 percent stake in Chongqing International Trust, a financial ...

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08/26/2016 04:10 PM

People on the move in the P&C insurance industry: Aug. 26, 2016 - PropertyCasualty360


PropertyCasualty360

People on the move in the P&C insurance industry: Aug. 26, 2016
PropertyCasualty360
Des Moines, Iowa-based EMC Reinsurance Co. said Ron Hallenbeck, who served as president for nearly 22 years, has retired, and Vicki Freese, EMC Reinsurance's assistant reinsurance manager, has been named president. Freese has been with EMC for ...

 

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