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National Insurance News

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05/26/2016 10:52 PM

Washington Summit Inserts Insurance Industry into Climate Change Discussion - Insurance Journal


Washington Summit Inserts Insurance Industry into Climate Change Discussion
Insurance Journal
Washington Insurance Commissioner Mike Kreidler next week is holding a climate risk summit at the University of Washington to raise awareness among insurers for the need to consider climate risks when providing insurance products to customers.

 

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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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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 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, ...
Travelers promotes exec, 30-year veteran to retireBusiness Insurance

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05/26/2016 10:45 PM

Give Florida drivers a break on auto insurance - Sun Sentinel


Sun Sentinel

Give Florida drivers a break on auto insurance
Sun Sentinel
With Florida having a new insurance commissioner, it's time to take a new look at auto insurance. That begins with abolishing the state's no-fault system for minor crashes. All drivers must buy $10,000 of Personal Injury Protection coverage, even if ...
Auto insurance rates rise as gas gets cheaper, economy improvesOrlando Sentinel

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05/26/2016 07:24 PM

3 Insurance Discounts For Parents Of Teen Drivers - Huffington Post


Huffington Post

3 Insurance Discounts For Parents Of Teen Drivers
Huffington Post
Adding a young and inexperienced driver is also going to raise your insurance rates. Auto insurance companies hate the risk these drivers create and they force you to pay for it. There are , however, ways to mitigate the cost of adding your child onto ...

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05/27/2016 01:43 AM

Insurers file double-digit rate increases with Iowa Insurance Division - The Gazette: Eastern Iowa Breaking News and Headlines


The Gazette: Eastern Iowa Breaking News and Headlines

Insurers file double-digit rate increases with Iowa Insurance Division
The Gazette: Eastern Iowa Breaking News and Headlines
Rising medical costs and the end of a federal program designed to stabilize premiums in the individual insurance plan market have pushed companies selling plans on the Iowa exchange to ask the Iowa Insurance Division for double-digit increases for the ...

 

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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 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 ...
Lawsuit: Insurance-Giant Wellmark Owes Rehab Center $12Mwhotv.com

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05/26/2016 04:26 PM

Autonomous vehicles, ride-sharing could push insurance premiums down 30%, study finds - Automotive News


The Actuary

Autonomous vehicles, ride-sharing could push insurance premiums down 30%, study finds
Automotive News
The technological changes threatening to undermine automakers' traditional business models could do the same to the insurance industry, though Deloitte principal John Matley said there is plenty of opportunity for insurers to adjust and thrive in the ...
Motor insurance industry struggling to generate underwriting profitThe Actuary

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International Insurance News

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05/26/2016 07:18 AM

Activa International Insurance supports SWAG for 4 years - Myjoyonline.com


News Ghana

Activa International Insurance supports SWAG for 4 years
Myjoyonline.com
Activa International Insurance Company, has presented a cheque for GH¢30,000 as a sponsorship support to the Sports Writers Association of Ghana (SWAG) towards the smooth organization of this year's SWAG Awards Night slated for Saturday, June 4, ...
Activa Gives Towards MTN SWAG Awards NightNews Ghana

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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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05/24/2016 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 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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05/26/2016 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 DividendNasdaq

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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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