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National Insurance News

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03/27/2015 05:48 AM

Financial Conduct Authority Made a 'Serious Error' on Insurance Review, Panel ... - New York Times


The Guardian

Financial Conduct Authority Made a 'Serious Error' on Insurance Review, Panel ...
New York Times
LONDON — The Financial Conduct Authority of Britain made a “serious error” in providing an exclusive briefing to a newspaper reporter last year on its plans to review the life insurance industry, and in not responding quickly after the report ...
Financial Conduct Authority criticised by MPs over insurance industry reviewThe Guardian
UK lawmakers slam financial watchdog over insurance debacleReuters
FCA lambasted by MPs over insurance market panicThe Independent
The Actuary -Yahoo Finance UK
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03/27/2015 07:43 AM

Fosun International Eyes Multiple Insurance Deals - Wall Street Journal


Wall Street Journal

Fosun International Eyes Multiple Insurance Deals
Wall Street Journal
Insurance is the most important business segment for us—the build-out of insurance gives us a cheap and sustainable source of funding,” said Mr. Liang, who is one of Fosun's four founders. “The persistent low interest rate environment in the U.S. and ...

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03/26/2015 12:46 PM

Does Ted Cruz really need to buy insurance through Obamacare? - CBS News


CBS News

Does Ted Cruz really need to buy insurance through Obamacare?
CBS News
Now, it turns out, the Cruz family might not purchase their insurance through an ACA exchange after all. Rick Tyler, a spokesman for Cruz's just-launched presidential bid, told CBS News the senator "is weighing all the available options to choose what ...
What Are Ted Cruz's Health Insurance Options -- And What Motivations Are You ...RushLimbaugh.com
Despite Opposition, Texas Senator Eyes Obamacare Insurance for FamilyInsurance Journal
Media freakout over Ted Cruz buying ObamaCare insurance reaches day twoHot Air
ABC News -STLtoday.com
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03/27/2015 06:21 AM

Audit says Maryland overbilled federal government $28.4M in health exchange ... - Baltimore Sun


Audit says Maryland overbilled federal government $28.4M in health exchange ...
Baltimore Sun
A long-awaited audit of Maryland's health insurance exchange has found that the state improperly billed the federal government $28.4 million as former Gov. Martin O'Malley's administration struggled to launch what would become one of the most troubled ...

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03/26/2015 07:42 PM

House Approves Bill on Changes to Medicare - New York Times


Wall Street Journal (blog)

House Approves Bill on Changes to Medicare
New York Times
The measure, which would establish a new formula for paying doctors, increase premiums for some Medicare beneficiaries and extend a popular health insurance program for children, has already been endorsed by President Obama and awaits a vote in the ...
In House 'Doc Fix,' an Unconservative Approach to Insurance ReformWall Street Journal (blog)

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03/26/2015 06:16 AM

Zhong An Online Property Insurance In Talks To Raise Up to $1 Billion - Wall Street Journal


Bidness ETC

Zhong An Online Property Insurance In Talks To Raise Up to $1 Billion
Wall Street Journal
Other investors in discussions to put capital into Zhong An Online Property Insurance Co., a business that is less than two years old, include high net-worth clients from Chinese private-equity firm CDH Investment's wealth management platform and Hong ...
Alibaba Group Holding Ltd, TENCENT HOLDINGS ADR: Insurance Joint ...Bidness ETC

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03/27/2015 11:57 AM

Lufthansa Liability May be Unlimited; Insurance in Play - Insurance Journal


Insurance Journal

Lufthansa Liability May be Unlimited; Insurance in Play
Insurance Journal
“We believe there is at least $1 billion of insurance cover on offer for Germanwings,” James Healy-Pratt, an aviation lawyer at Stewarts Law LLP in London, said in a phone interview. “We have actually assessed the likely compensation total to be around ...
Germanwings pilot may have deliberately crashed: What it means for insuranceInsurance Business America

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03/27/2015 11:32 AM

Homebuyers crave title insurance information early in purchasing process ... - Inman.com


Homebuyers crave title insurance information early in purchasing process ...
Inman.com
It's no secret that consumers are confused about title insurance and its value, but the American Land Title Association (ALTA) is equally concerned about the misconceptions that real estate partners have about its industry and its place in the closing ...

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03/27/2015 12:08 PM

Personal Insurance Federation of Florida Releases TNC Legislation Guidelines - Insurance Journal


Personal Insurance Federation of Florida Releases TNC Legislation Guidelines
Insurance Journal
Transportation network companies such as Uber and Lyft represent a promising technology that can serve consumers well in the future, but Florida legislators should clarify the insurance requirements for these services in state law in order to ...

 

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03/27/2015 09:06 AM

Court battle settled over Susan Powell insurance money - KOMO News


KOMO News

Court battle settled over Susan Powell insurance money
KOMO News
Josh Powell's sister Alina Powell and mother, Terrica Powell, had argued they were entitled to half the proceeds from life-insurance policies taken out on the couple and their two sons. They argued that Susan Powell's father, Charles Cox, wrongly shut ...

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International Insurance News

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03/27/2015 07:43 AM

Fosun International Eyes Multiple Insurance Deals - Wall Street Journal


Wall Street Journal

Fosun International Eyes Multiple Insurance Deals
Wall Street Journal
Its largest purchase so far, according to Dealogic, has been Fidelidade Group, Portugal's largest insurance company, which it bought for $1.5 billion last year. It also bought a 20% stake in U.S. insurer Ironshore for about $463.8 million last year. In ...
Fosun CEO: In Exclusive Talks to Buy Five Insurance Firms in Europe, US, Asia ...Capital.gr (press release)

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03/23/2015 01:54 PM

Mapfre – global insurance company with presence in 47 countries, Malta included - Malta Independent Online


Malta Independent Online

Mapfre – global insurance company with presence in 47 countries, Malta included
Malta Independent Online
The Mapfre Group held its annual general meeting for its 2,450,000 shareholders in Madrid last Friday. Although the hall of the Palacio de Congresos y Esposiciones in Madrid was rather full, they were by no means all shareholders. Other shareholders ...

 

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03/04/2015 09:41 PM

Hanwha Life Emerges as Global Insurance Company 6 Years After Overseas ... - BusinessKorea


BusinessKorea

Hanwha Life Emerges as Global Insurance Company 6 Years After Overseas ...
BusinessKorea
Hanwha Life Insurance, which is Korea's first life insurance company and symbolizes all Korean life insurance companies, has sequentially succeeded in entering the global markets of China, Vietnam, and Indonesia. Hanwha Life Insurance is the first ...

 

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03/19/2015 03:56 AM

International Insurance Company: changes in exchange rate of manat made no ... - Azerbaijan Business Center


International Insurance Company: changes in exchange rate of manat made no ...
Azerbaijan Business Center
Baku, Fineko/abc.az. It's already been a month since the Azerbaijani manat was devalued by 34% against the US dollar and the first effect of devaluation can now be estimated. According to the International Insurance Company, changes in the rate of the ...
TOP-10 Azerbaijani insurance companies provide over 83% of premiumsTrend News Agency

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03/27/2015 09:21 AM

American International Group Stock Rating Reaffirmed by Zacks (AIG) - sleekmoney


American International Group Stock Rating Reaffirmed by Zacks (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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03/23/2015 04:34 AM

Fosun International, China's Largest Holding Company, Pivots Abroad - The Epoch Times


The Epoch Times

Fosun International, China's Largest Holding Company, Pivots Abroad
The Epoch Times
The winning bid came from Fosun International Ltd., a Chinese investment holding company that, until recently, was little known in the West. With total assets of 313 billion yuan ($51 billion), Fosun is China's largest privately owned conglomerate.

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03/09/2015 05:53 AM

Great American Insurance Group to Launch Singapore Operation - Insurance Journal


Great American Insurance Group to Launch Singapore Operation
Insurance Journal
Great American Insurance Group announced its lead insurer, Great American Insurance Company, has received preliminary approval from the Monetary Authority of Singapore to establish a branch operation. It plans to begin underwriting risks once all pre ...

 

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03/14/2015 03:15 PM

International Insurance Association Names New Officers - Insurance News Net


International Insurance Association Names New Officers
Insurance News Net
Mr. Beckman is Vice President – Claims of ISMIE Mutual Insurance Company in Chicago, Illinois , which is Illinois's largest medical liability insurer. Prior to that, Scott was Vice President of Risk Management & Insurance for Advocate Health Care Network .

 

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03/25/2015 07:09 AM

IAIS' International Capital Standards Have Ambitious Timeline: AM Best - Insurance Journal


IAIS' International Capital Standards Have Ambitious Timeline: AM Best
Insurance Journal
A.M. Best said if agreement is not reached on key technical issues in the relative near term, it will leave limited opportunity for the type of extensive vetting and field testing of varying insurance company business lines through the changeable ...

 

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03/13/2015 08:36 AM

A.M. Best Affirms Ratings of Eurasia Insurance Company JSC - Insurance News Net


A.M. Best Affirms Ratings of Eurasia Insurance Company JSC
Insurance News Net
However, the company's technical results remain volatile and have been trending above the five-year average in more recent years, owing to the high frequency of large single risk losses mainly arising from its international portfolio. A.M. Best ...

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