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National Insurance News

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01/27/2015 09:18 AM

Indian Hill couple files $60M suit against insurance company after fire - WLWT Cincinnati


WLWT Cincinnati

Indian Hill couple files $60M suit against insurance company after fire
WLWT Cincinnati
The first two counts of the suit demand $14,975,409 for breach of contract of the insurance policy. The second two counts demand punitive damages of $44,926,227 because Chubb National, according to the Deckers, intentionally failed to act in good faith ...
Couple sues insurance company for $59.9MWKRC TV Cincinnati

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01/26/2015 04:06 PM

Asia's Life Agents Sing to Sell Insurance - Wall Street Journal


Wall Street Journal

Asia's Life Agents Sing to Sell Insurance
Wall Street Journal
HONG KONG—When insurance agents in Indonesia try to “evoke a new spirit,” it isn't a religious matter. They are revving up to do battle for customers—in song. From Jakarta to Hong Kong, thousands of life-insurance agents use internal gatherings, such ...

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01/27/2015 08:29 AM

Am I Responsible If The Insurance Exchange Flubs My Subsidies? - NPR (blog)


NPR (blog)

Am I Responsible If The Insurance Exchange Flubs My Subsidies?
NPR (blog)
Our annual income is $41,000, from a combination of his Social Security disability insurance (SSDI) and a disability policy he had from a previous job. Last year I bought a single policy on the health insurance exchange. My husband gets coverage ...
The Health Insurance Store expands services with ACA Tax SolutionsOrlando Business Journal

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01/27/2015 09:57 AM

Mutual Underwriters owners joining Old National Insurance - Louisville Business First


Louisville Business First

Mutual Underwriters owners joining Old National Insurance
Louisville Business First
Jack Matthews, president of the Old National Insurance Louisville region, said in the release that adding Ball and Rassiga will help the firm. "With their experience and expertise, they make an already strong team even stronger, while also helping to ...

 

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01/26/2015 05:19 PM

Lawmaker: Raise insurance requirements for Ariz. drivers - azcentral.com


azcentral.com

Lawmaker: Raise insurance requirements for Ariz. drivers
azcentral.com
An estimated 10.6 percent of Arizona drivers don't have insurance, according to a new study by WalletHub.com, a Washington, D.C.-based consumer advocacy group. This fact, combined with lenient minimum liability insurance requirements, put Arizona ...

 

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01/26/2015 04:50 AM

Wilmington man sees insurance go up 120 percent - WRAL.com


WRAL.com

Wilmington man sees insurance go up 120 percent
WRAL.com
The state insurance commissioner last month ruled against any increase in homeowners' rates. The N.C. Rate Bureau, which represents insurers, sought an average 25.6 percent increase statewide and up to 35 percent in parts of the Wilmington area.
Lawmakers hear uproar over ballooning homeowner insurance ratesNew Bern Sun Journal
North Carolina Homeowners Face Higher Insurance Rates or No CoverageClaimsJournal.com

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01/26/2015 05:03 AM

When Terrorists Attack Online, Is Cyber-Insurance Enough? - Hartford Courant


Hartford Courant

When Terrorists Attack Online, Is Cyber-Insurance Enough?
Hartford Courant
Cyber insurance policies tend to have vague or ambiguous language regarding acts of war or terrorism. A claim resulting from an attack by North Korea, or a self-proclaimed Islamic caliphate, would likely result in a legal battle over whether such a ...

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01/27/2015 05:48 AM

Auto-Insurance Bills Rise 40% After an Accident - Wall Street Journal (blog)


Wall Street Journal (blog)

Auto-Insurance Bills Rise 40% After an Accident
Wall Street Journal (blog)
A low-risk driver who injures a person or causes property damage in an accident can see her insurance bill jump more than 40% as a result, according to a new study. The average increase nationwide is 45% for a claim of $2,000 or more in bodily injury ...
Even a single insurance claim can send rates jumpingColumbus Dispatch (blog)
Why Millennials Aren't as Afraid of Pay-As-You-Drive Insurance as Half the CountryMainStreet
Car Insurance Costs Increase 41% After One Claim, Costs More Than Double ...PR Newswire (press release)

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01/27/2015 09:42 AM

Lee County backs away from insurance captive plan - The Albany Herald


Lee County backs away from insurance captive plan
The Albany Herald
##The captive would include like-minded companies that would invest in a pool to offset the risk of having a year of overwhelming health insurance claims. The plan features an aggressive wellness program. The concept is that the partners would share in ...
Lee Co. commission makes changes to insuranceWALB-TV

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01/27/2015 09:31 AM

Bucks County family accused of using massive insurance fraud scheme to ... - Bucks Local News


The Pennsylvania Record

Bucks County family accused of using massive insurance fraud scheme to ...
Bucks Local News
22 announced the arrest of Claire Risoldi of Buckingham Township and four members of her family who allegedly conspired to defraud insurance companies in excess of $20 million to live an "excessively extravagant lifestyle." Two co-conspirators, Mark ...
Bucks County attorney charged with massive insurance fraud schemeThe Pennsylvania Record
Penn. Family Faces Charges in Alleged $20M Insurance Fraud SchemeInsurance Journal
Insurance fraud the family business?CBS News
Philly.com
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International Insurance News

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01/23/2015 02:15 PM

AM Best Affirms Ratings of Houston International Insurance Group, Ltd.'s ... - Business Wire (press release)


AM Best Affirms Ratings of Houston International Insurance Group, Ltd.'s ...
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 Houston Specialty Insurance Company (HSIC) and its 100% reinsured subsidiary, Oklahoma Specialty ...

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01/26/2015 05:54 PM

Accident Support Services International Partners With Insurance Solutions ... - Marketwired (press release)


Accident Support Services International Partners With Insurance Solutions ...
Marketwired (press release)
The program incorporates powerful fraud deterrent measures and an efficient information management and communication system connecting the reporting centers and insurance company claims offices which provides extensive accident, vehicle damage, ...

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01/05/2015 11:57 AM

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Sells Dai-ichi ... - MicroCapital


MICROCAPITAL BRIEF: International Finance Corporation (IFC) Sells Dai-ichi ...
MicroCapital
Dai-ichi Life Insurance Company (Dai-ichi Life) is a Japanese insurance company that was established in 1902 and is based in Tokyo. The organization offers life, property and casualty insurance as well as investment trust and related services. In ...

 

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01/16/2015 10:26 AM

Global insurance company to move subsidiary to Lehigh Valley - Lehigh Valley Business


Global insurance company to move subsidiary to Lehigh Valley
Lehigh Valley Business
American International Group Inc., a global insurance company headquartered in New York City, is moving a subsidiary of its company into the Lehigh Valley. American General Life Insurance, a company owned by AIG, will move about 20 sales employees to ...

 

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01/14/2015 09:45 PM

Trademark Application for "OXFORD LIFE INSURANCE COMPANY" Filed by U ... - Insurance News Net


Trademark Application for "OXFORD LIFE INSURANCE COMPANY" Filed by U ...
Insurance News Net
... by VerticalNews journalists, a trademark application has been made for " OXFORD LIFE INSURANCE COMPANY " by Stephen R. Winkelman , representing U-Haul International . This application was made available to the public on January 07, 2015 .

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01/08/2015 06:29 AM

World's Top 10 Insurance Companies - Investopedia


World's Top 10 Insurance Companies
Investopedia
Zurich Insurance Group, a Switzerland-headquartered global insurance company, was founded in 1872. Zurich Group, together with its subsidiaries, operates in more than 170 countries, providing insurance products and services. The core businesses of ...

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01/16/2015 01:35 PM

AM Best Withdraws Ratings of State Farm International Life Insurance Company ... - Business Wire (press release)


AM Best Withdraws Ratings of State Farm International Life Insurance Company ...
Business Wire (press release)
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has withdrawn the financial strength rating of A+ (Superior) and the issuer credit ratings of “aa” of State Farm International Life Insurance Company Ltd. (SFI) (Bermuda). The rating actions follow the ...

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01/25/2015 10:07 PM

LOUISE FAIRSAVE: Universal Life Insurance - Nation News


LOUISE FAIRSAVE: Universal Life Insurance
Nation News
Universal life policies are interest sensitive and the insurance company would tend to offer a guaranteed return on the savings component ranging between two and three per cent. The insurance company typically would invest the funds raised from such ...

 

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01/26/2015 10:37 PM

American International Group Bond Prices Rise 2.3% (AIG) - sleekmoney


American International Group Bond Prices Rise 2.3% (AIG)
sleekmoney
American International Group, Inc (NYSE:AIG) is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 130 ...

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01/22/2015 08:10 AM

American International Group Inc. (AIG) Acquires Ireland's 2nd Largest Health ... - InvestCorrectly


Herald.ie

American International Group Inc. (AIG) Acquires Ireland's 2nd Largest Health ...
InvestCorrectly
The health insurance company also offers life, dental and travel insurance in addition to its health care plans. The merger could not have come at a better time as American International Group Inc. (NYSE:AIG) has operated in Ireland for over 40 years ...
Update: AIG - Laya Healthcare Acquisition Setting The Tone For 2015? (AIG)Seeking Alpha (registration)
AIG Agrees to Acquire Ireland's Laya HealthcareInsurance News Net
AIG has taken over Laya HealthcareIrish Health

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