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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
Ascot has operations in Asia and Houston, which could further extend the reach of the Canadian fund's insurance operations. The possible deal highlights the Canadian fund's focus on using its investments to gain meaningful scale in industries ...
AIG in talks to sell Lloyd's insurance business to CPPIB: WSJReuters
American International Mulling Over Lloyds Insurance SaleNasdaq

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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 ...
Public Option Would Fix Health Insurance MarketplaceThe American Prospect
Josh Kushner's Health-Insurance Start-Up Is StrugglingVanity Fair
Oscar Health Insurance latest to withdraw from Obamacare coverage in NJNorthJersey.com
The Tennessean -NewsChannel5.com -NJ.com -Avalere Health
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08/23/2016 07:36 PM

State insurance regulators say U.S. government ignored them in MetLife case - Business Insider


Business Insider

State insurance regulators say U.S. government ignored them in MetLife case
Business Insider
WASHINGTON (Reuters) - 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.".
MetLife (MET) Stock Closed Up, State Insurance Regulators Defend SIFI RulingTheStreet.com

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08/24/2016 12:34 PM

Less is more: The dilemma over long term care insurance - CNBC


CNBC

Less is more: The dilemma over long term care insurance
CNBC
Low interest rates, lower-than-expected numbers of clients who drop their policies, and higher-than-predicted claims are to blame, said Scott Witt, a fee-only insurance financial advisor and founder of Witt Actuarial Services in New Berlin, Wisconsin.

 

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08/24/2016 03:12 PM

Vietnam woman 'cuts off limbs for insurance payout' - BBC News


BBC News

Vietnam woman 'cuts off limbs for insurance payout'
BBC News
A Vietnamese woman has admitted to paying for her foot and part of her arm to be cut off in order to claim an insurance payout, police say. In May, the 30-year-old woman, named as "Ly Thi N", pretended she had been hit by a train, the People's Police ...

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08/23/2016 02:49 PM

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


Wall Street Journal

Anbang Insurance Plans IPO for Life-Insurance Unit - WSJ
Wall Street Journal
Anbang Insurance plans an initial public offering of its life-insurance unit, a move that will increase disclosure at the opaque Chinese company as it tries to ...
Chinese Insurance Giant Anbang Said to Seek Bank Pitches for IPO ...Bloomberg
Anbang life-insurance unit plans IPOMarketWatch
Waldorf Astoria owner Anbang plans Hong Kong IPO of life ...Reuters
Insurance Journal
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08/24/2016 01:59 PM

Insurance providers exit Texas market, spelling trouble for Obamacare - KGBT-TV


KGBT-TV

Insurance providers exit Texas market, spelling trouble for Obamacare
KGBT-TV
Insurance start-up Oscar announced on Tuesday it would pull out of the Texas market, joining veteran health plans Aetna, UnitedHealthcare and Scott and White on the list of companies that recently announced they would abandon the marketplace created ...

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08/24/2016 09:02 AM

Insurance Assessors Spread Out Across Flooded Louisiana - NPR


Insurance Assessors Spread Out Across Flooded Louisiana
NPR
Insurance assessors are on the ground in Baton Rouge, Louisiana, counting the material cost of the flooding. Renee Montagne talks to Mark Cockerham an assessor with State Farm. Facebook; Twitter. Google+. Email ...

 

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08/24/2016 01:24 AM

Man accused of offering insurance cash, pills for wife's murder - New York Daily News


New York Daily News

Man accused of offering insurance cash, pills for wife's murder
New York Daily News
A Virginia Navy sailor is accused of trying to pay for his estranged wife's murder with insurance money and Adderall. Chadwick Stanley Ghesquiere, a 38-year-old Petty Officer 2nd Class in Virginia Beach, was going through a divorce and custody battle ...

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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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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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08/24/2016 02:57 PM

Why Russians Like Donald Trump (Sort of) - NBCNews.com


Why Russians Like Donald Trump (Sort of)
NBCNews.com
Much of what the Russian people pay attention to in any international event is how Russia will be impacted, policy experts say. However .... said Alexis Platonov, who works at an insurance company in Moscow told NBC News earlier this year. "Well, I don ...

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08/24/2016 12:20 PM

Did Aetna Commit Blackmail? Did the US Ransom Hostages? - Newsweek


Newsweek

Did Aetna Commit Blackmail? Did the US Ransom Hostages?
Newsweek
Suppose that a firm expressly did what some have accused Aetna of doing. Suppose that the Shmaetna Insurance Company literally did make the threat and did so simply as a means of gaining an advantage in the antitrust case. In this scenario, we assume ...

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08/23/2016 10:00 PM

MetLife (MET) Stock Closed Up, State Insurance Regulators Defend SIFI Ruling - TheStreet.com


TheStreet.com

MetLife (MET) Stock Closed Up, State Insurance Regulators Defend SIFI Ruling
TheStreet.com
The New York City-based insurance company MetLife sued the federal government last year after the Financial Stability Oversight Council (FSOC) designated it as a SIFI, a label that can lead to further regulations and capital requirements. The markets ...

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08/24/2016 08:48 AM

Obamacare Supporters Oppose ColoradoCare - CounterPunch


Obamacare Supporters Oppose ColoradoCare
CounterPunch
... a loss of $300 M; Humana is cutting back its coverage from 1,350 counties to 156; Blue Cross lost $715 M in just three states and the nation's largest health care insurance company, UnitedHealthGroup lost $450 M in 2015 and is cutting back to three ...

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08/23/2016 01:36 PM

American International Group Inc. (AIG) Price Target Raised to ... - Community Financial News


FTSE News

 

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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 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 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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08/24/2016 12:03 AM

Midway offers something new at Oregon State Fair - Statesman Journal


Statesman Journal

Midway offers something new at Oregon State Fair
Statesman Journal
In addition to the annual inspections mandated by the state, Rainier undergoes periodic third-party inspections during the fair season through their insurance company. During an event, every ride is inspected every day before the gates open. .... A ...

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