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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 05:00 AM

Driverless cars to dent insurance industry, warns Volvo chief - The Guardian


The Guardian

Driverless cars to dent insurance industry, warns Volvo chief
The Guardian
“Volvo believes the insurance industry will have no choice but to react to these seismic challenges to its existing business model by fundamentally restructuring – or face competition from new entrants into its market from technology-savvy disrupting ...
Self-driving cars set to disrupt UK's £14bn motor insurance industryTelegraph.co.uk
Autonomous cars will radically change the auto insurance industryDigital Trends
Self-driving cars to affect UK motor insurance industry, warns Volvo chiefInternational Business Times UK

all 24 news articles »
 

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05/03/2016 05:45 AM

Driverless cars may lead to more crashes, says UK insurance group - Financial Times


Financial Times

Driverless cars may lead to more crashes, says UK insurance group
Financial Times
Driverless car technology may give consumers a “false sense of security” that leads to an increase in the number of accidents in the short term, a leading insurance trade body has cautioned. The warning from the Association of British Insurers goes ...
UK insurance industry boss casts doubts over autonomous vehiclesAutocar

all 7 news articles »
 

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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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05/03/2016 02:14 PM

Two wins expected from driverless cars, fewer accidents and lower insurance bills - Digital Trends


Digital Trends

Two wins expected from driverless cars, fewer accidents and lower insurance bills
Digital Trends
The great promise of driverless cars is improved safety. With this laudable advantage comes another, less-expected benefit that might help you pay for a connected car: Car insurance premiums will be lower. Insurance companies might not be too crazy ...

 

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05/02/2016 02:17 PM

Warren Buffett says that self-driving cars will be bad for insurance companies - The Verge


The Verge

Warren Buffett says that self-driving cars will be bad for insurance companies
The Verge
Anything that makes cars safer is very pro-social, and it's bad for the auto insurance industry. But nevertheless, the auto insurance industry has always worked on making cars safer. I mean, they've led the way on things like seat belts and all that ...
Warren Buffett: Self-driving cars will upend car insuranceAutoblog (blog)
Self-driving cars will be bad for insurance, Buffett saysInsurance Business America
Berkshire Hathaway earnings rise despite stumbles in insurance, railroadsMarketWatch

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05/03/2016 04:00 PM

7 Ways To Save Money on Your Home Insurance - Popular Mechanics


Popular Mechanics

7 Ways To Save Money on Your Home Insurance
Popular Mechanics
A $500 deductable is commonplace for home insurance. But raising it to $1,000 can cut your premium by 8 to 10 percent, Ducich says. The higher deductible is always a bit of a gamble, since you'll have to pay more money upfront in the event of a claim.

 

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05/03/2016 04:21 PM

Chinese public warned over online 'quasi-insurance' firms - South China Morning Post


South China Morning Post

Chinese public warned over online 'quasi-insurance' firms
South China Morning Post
Regulators have warned the mainland public against investing in insurance-style schemes run by unregistered online firms. The insurance watchdog referred to Shanghai-based Quark Alliance as an example, saying it was not a registered mutual insurer and ...

 

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05/03/2016 10:48 AM

Insurance companies adding staff for Fort Smith hail claims - Times Record


Times Record

Insurance companies adding staff for Fort Smith hail claims
Times Record
Extra insurance agents are being called into the Fort Smith area this week to pick up some slack on the hail storm that hit the area Friday. Homes, cars and gardens in Fort Smith and parts of Crawford County were pummelled with golf ball-sized hail ...

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05/03/2016 03:05 PM

Cooperation in Social Insurance Investigation - JAMA: The Journal of the American Medical Association


Cooperation in Social Insurance Investigation
JAMA: The Journal of the American Medical Association
During the last ten years, The Journal has frequently commented on the development of social insurance in Germany, England, Denmark, Norway and Sweden and other European countries. No other social movement in modern economic development is so ...

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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 03:57 AM

AIG Sells Shares in Chinese Insurance Company: Report - CRIENGLISH.com


CRIENGLISH.com

AIG Sells Shares in Chinese Insurance Company: Report
CRIENGLISH.com
American International Group has reportedly raised 1.25 billion U.S. dollars 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 ...
American International Group Inc (AIG): Offloading Holdings in ChinaBusiness Finance News
AIG to Sell Stake in Chinese Insurance Company PICC P&C: ReportChinaTopix

all 33 news articles »
 

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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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05/03/2016 12:57 PM

Certified tobacco cessation specialist helps people butt out - International Falls Journal


International Falls Journal

Certified tobacco cessation specialist helps people butt out
International Falls Journal
Quitting smoking is one of the best things you can do for your health, but it's also one of the hardest. To help smokers in their quest to quit, the Essentia Health-International Falls Clinic is now offering a new tobacco cessation program. The program ...

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05/02/2016 09:38 PM

Insurance titan American International Group posts lower than expected profits for third consecutive quarter - City A.M.


City A.M.

Insurance titan American International Group posts lower than expected profits for third consecutive quarter
City A.M.
US insurance titan American International Group (AIG) reported a lower-than-expected quarterly operating profit in the third consecutive quarter to fall below analysts' estimates. AIG's profits suffered as income from underwriting and returns on ...
Why These Stocks Are in Spotlight Today?Insider Monkey (blog)
American International Group's (AIG) "Buy" Rating Reiterated at Citigroup Inc.Web Breaking News
American International Group Inc (AIG) Releases Earnings Results, Misses Expectations By $-0.35 EPSMarket Digest

all 53 news articles »
 

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05/03/2016 04:31 PM

MetLife Inc (MET): Low Interest Rates Could Hamper Earnings' Upside Potential - Bidness ETC


Bidness ETC

MetLife Inc (MET): Low Interest Rates Could Hamper Earnings' Upside Potential
Bidness ETC
American International Group Inc. recently released its last quarterly results, missing earnings expectations. The results give an insight into the potential linchpins for MetLife Inc. (NYSE:MET), which is one of the leading insurance company. It is ...

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