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National Insurance News

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08/23/2016 05:10 PM

AIG in Talks to Sell Lloyd's Insurance Operations to Canada Pension Fund - Wall Street Journal


Wall Street Journal

AIG in Talks to Sell Lloyd's Insurance Operations to Canada Pension Fund
Wall Street Journal
At the same time, CPPIB is attracted to the insurance business because the recurring cash flows that the industry generates match up well with the fund's long-term pension liabilities. AIG has been under pressure to improve performance since last fall ...
AIG in talks to sell Lloyd's insurance business to CPPIB: WSJReuters
Canada's Biggest Pension Fund May Buy AIG's Lloyd's Insurance BusinessBarron's (blog)

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08/23/2016 03:23 PM

Insurance Startup Oscar Quits Two Markets, Rethinks Obamacare Plans - Bloomberg


Bloomberg

Insurance Startup Oscar Quits Two Markets, Rethinks Obamacare Plans
Bloomberg
Health insurance startup Oscar Insurance Corp. will reevaluate its approach to Obamacare after suffering significant losses under the U.S. program and will pull out of two markets next year. Oscar, which pitches itself as a tech-savvy alternative to ...
Josh Kushner's Health-Insurance Start-Up Is StrugglingVanity Fair
Insurance company ditches N.J. Obamacare marketNJ.com
Oscar Health Insurance latest to withdraw from Obamacare coverage in NJNorthJersey.com
Morning Consult
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08/23/2016 01:18 PM

Anbang Insurance Plans IPO for Life-Insurance Unit - Wall Street Journal


Wall Street Journal

Anbang Insurance Plans IPO for Life-Insurance Unit
Wall Street Journal
HONG KONG—Anbang Insurance Group Co. is planning an initial public offering of its life-insurance unit, a move that could increase disclosure at the opaque Chinese insurer that made an aborted $14 billion bid for Starwood Hotels & Resorts Worldwide Inc.
Chinese Insurance Giant Anbang Said to Seek IPO Bank PitchesBloomberg
Waldorf Astoria owner Anbang plans Hong Kong IPO of life insurance unit: s...Reuters
Waldorf Astoria owner Anbang plans Hong Kong IPO of life insurance unit: sourcesStreetInsider.com

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08/23/2016 06:56 PM

The cost of rudeness? For Lake Elmo, it could… - TwinCities.com-Pioneer Press


TwinCities.com-Pioneer Press

The cost of rudeness? For Lake Elmo, it could…
TwinCities.com-Pioneer Press
In Lake Elmo, it could soon be about $250,000 for every personnel-related insurance claim brought against the city. Citing dysfunction of the city council, insurance officials are considering boosting the city's deductible payments. That would make ...

 

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08/23/2016 07:19 PM

State insurance regulators say US government ignored them in MetLife cas... - Reuters


State insurance regulators say US government ignored them in MetLife cas...
Reuters
WASHINGTON Aug 23 State insurance regulators in a court brief on Monday said a powerful U.S. council made up of the heads of all the federal financial regulatory agencies disregarded their work when it designated of MetLife Inc. as "too big to fail ...

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08/22/2016 08:31 PM

Most of Louisiana's flood victims lack insurance - The Economist (blog)


NOLA.com

Most of Louisiana's flood victims lack insurance
The Economist (blog)
SOUTH Louisiana is pretty well inured to catastrophe. But the still-unfolding disaster that is being dubbed the Great Flood of 2016 came as a particular shock, arriving as it did without a name (unlike a hurricane or a tropical storm) and without the ...
Flood Claims Mount; FEMA Extends Insurance Renewal Period for Some in LouisianaInsurance Journal
FEMA holds flood insurance workshop to explain new rate maps for New OrleansNOLA.com
Most in Louisiana don't have flood insuranceWWLTV.com
The Boston Globe -KATC Lafayette News
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08/23/2016 01:13 PM

Is Personal Insurance Too Expensive? Not Compared to Gadgets, Food And Games - TheStreet.com


TheStreet.com

Is Personal Insurance Too Expensive? Not Compared to Gadgets, Food And Games
TheStreet.com
According to Life Happens, an insurance industry advocacy group, a "majority" of Americans believe life insurance is "too expensive," and 64% have not purchased life insurance because of what they believe to be higher prices. Life Happens points to a ...

 

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08/23/2016 03:30 PM

Shannen Doherty Reaches Settlement In Health Insurance Lawsuit With Ex-Manager - Huffington Post


Huffington Post

Shannen Doherty Reaches Settlement In Health Insurance Lawsuit With Ex-Manager
Huffington Post
The actress initially sued the company, Tanner Mainstain Glynn & Johnson, last year because she said it was their responsibility “to ensure timely payment of the medical insurance premiums she had through the Screen Actors Guild,” according to The ...
Shannen Doherty settles cancer insurance lawsuit with ex-managersFox News
Shannen Doherty Settles Health Insurance Lawsuit With Ex-ManagerE! Online
Shannen Doherty Settles Suit Against Ex-Manager In Breast Cancer Insurance BattlePopCrush
Hollywood Reporter -Entertainment Weekly -Yahoo Sports -TMZ.com
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08/23/2016 12:10 PM

How will self-driving cars affect your insurance? - Phys.Org


Phys.Org

How will self-driving cars affect your insurance?
Phys.Org
Insurance firms will always try to prove they shouldn't have to pay for an accident. And software bugs in self-driving cars could create a new reason manufacturers might have to shoulder the cost of crashes. Yet if drivers remain legally responsible ...
New Tesla Model S Now the Quickest Production Car in the World | TeslaTesla

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08/23/2016 01:35 PM

Cerabino: Billing us for insurance as if we're Miami is a low... | www ... - MyPalmBeachPost


MyPalmBeachPost

Cerabino: Billing us for insurance as if we're Miami is a low... | www ...
MyPalmBeachPost
Have you noticed that insurance companies in Florida never seem to run out of new ways to justify premium increases for hurricane coverage even though ...

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International Insurance News

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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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07/25/2016 07:14 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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08/23/2016 01:36 PM

American International Group Inc. (AIG) Price Target Raised to $64.00 at BMO Capital Markets - Community Financial News


Fiscal Standard

American International Group Inc. (AIG) Price Target Raised to $64.00 at BMO Capital Markets
Community Financial News
American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and ...
Harris Associates L P Lowers stake in American International Group Inc (AIG)Trade Calls
American International Group Inc (NYSE:AIG) Institutional Investor ...Consumer Eagle
Analysts at BMO Capital Markets Reiterate their “Market Perform ...Press Telegraph
Fiscal Standard -Breaking Finance News
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08/23/2016 05:02 PM

Fitch Downgrades Aegon's Insurance Operating Entities' IFS to 'A+'; Outloo... - Reuters


Fitch Downgrades Aegon's Insurance Operating Entities' IFS to 'A+'; Outloo...
Reuters
... Company Transamerica Life International (Bermuda) Ltd. Transamerica Premier Life Insurance Company The following Aegon subsidiary companies' Short-term IFS ratings have been downgraded to 'F1' from 'F1+': Transamerica Life Insurance Company ...

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08/23/2016 06:53 PM

AIG Stock Up, Explores Lloyd's Operations Sale to Canada Pension Fund - TheStreet.com


TheStreet.com

AIG Stock Up, Explores Lloyd's Operations Sale to Canada Pension Fund
TheStreet.com
We rate AMERICAN INTERNATIONAL GROUP as a Hold with a ratings score of C+. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a ...

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08/23/2016 04:53 PM

HEMS at Odds with Insurers, Medicare - Aviation International News


HEMS at Odds with Insurers, Medicare
Aviation International News
... the result of a patient's refusal to engage with us in the process. If they do not engage we cannot help them with the insurance company or complete the required financial relief application which allows us to write down part or all of an air ...

 

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08/23/2016 11:25 AM

3 types of insurance to consider when traveling abroad - PropertyCasualty360


PropertyCasualty360

3 types of insurance to consider when traveling abroad
PropertyCasualty360
This largely contrasts the 171 deaths and 191 injuries due to terrorism reported nearly a half century ago, creating an ever-present need for international travelers to purchase travel medical insurance with a terrorism benefit before they leave home ...

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08/18/2016 03:16 PM

CORRECTING and REPLACING A.M. Best Affirms Ratings of Trust International Insurance & Reinsurance Company ... - Business Wire (press release)


CORRECTING and REPLACING A.M. Best Affirms Ratings of Trust International Insurance & Reinsurance Company ...
Business Wire (press release)
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Trust International Insurance & Reinsurance Company B.S.C. (c) Trust Re (Trust Re) (Bahrain). The outlook for each rating remains stable ...

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08/23/2016 04:14 PM

Midland Explorers Legends take second at ISC 50-and-over nationals - Midland Daily News


Midland Daily News

Midland Explorers Legends take second at ISC 50-and-over nationals
Midland Daily News
The Midland Explorers Legends fastpitch team took second out of 12 teams at the International Softball Congress 50-and-over tournament last weekend in Moline, Ill. Pictured are (front row, from left) scorekeeper Trevor Hoon, Bryan Kuehne, Mike Hoon ...

 

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08/22/2016 04:00 PM

With Two Insurance Firms Taking Total of 69K SF, Occupancy at 4 WTC Hits 80 Percent Mark - Commercial Observer


With Two Insurance Firms Taking Total of 69K SF, Occupancy at 4 WTC Hits 80 Percent Mark
Commercial Observer
The international insurance firm is no stranger to the World Trade Center. Global ... Zurich American Insurance Company signed a 132,000-square-foot deal for the 52nd through 54th floors of the skyscraper, as CO reported earlier this month. “In the ...

 

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