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National Insurance News

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05/06/2016 04:11 PM

Penn State insurance decision has big money impact - Centre Daily Times


Centre Daily Times

Penn State insurance decision has big money impact
Centre Daily Times
A judge's ruling in an insurance dispute between Penn State and Pennsylvania Manufacturers' Association is gaining attention for one line that alleged late coach Joe Paterno may have known about sexual abuse by Jerry Sandusky as early as 1976.
Joe Paterno Knew of Sandusky Abuse Allegations as Early as 1976, Insurance Company ClaimsNBCNews.com
Joe Paterno Knew About Jerry Sandusky Sexual Abuse Allegations in 1976, Insurance Company Claims: ReportsPeople Magazine
Insurance dispute focuses on when Penn State's Paterno knew of abuse claimsBusiness Insurance
WHIO -WTTV CBS4Indy -Onward State
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05/06/2016 03:58 PM

Medical insurance premiums set to soar - Financial Times


Financial Times

Medical insurance premiums set to soar
Financial Times
Prices will rise by 6.5 per cent this year, according to insurance broker Willis Towers Watson. Not only is that the fastest rate for five years, but it is well ahead of expected increases in countries such as Spain, Italy, Germany and France. In the ...

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05/06/2016 02:49 PM

Out-of-Control Premium Hikes for Long-Term Care Insurance - U.S. News & World Report


U.S. News & World Report

Out-of-Control Premium Hikes for Long-Term Care Insurance
U.S. News & World Report
Some people with long-term care insurance started 2016 with unpleasant news. Premiums are rising, and the media reported policyholders, such as customers in Pennsylvania, could be paying as much as 130 percent more for their coverage this year.

 

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05/06/2016 02:06 PM

Real World Best Practices For Agencies in Reviewing Insurance Certificates - Insurance Journal


Real World Best Practices For Agencies in Reviewing Insurance Certificates
Insurance Journal
The certificate of insurance acknowledges the writing and existence of an insurance policy. It should accurately reflect the coverage provided by a specific policy and be aligned with, for instance, a complementary written contract setting out an ...

 

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05/06/2016 06:40 PM

Bessemer Fire Department nets top insurance rating; first to do so in Jeffco - AL.com


AL.com

Bessemer Fire Department nets top insurance rating; first to do so in Jeffco
AL.com
Fire insurance costs should drop for Bessemer homeowners and business owners following an upgrade in public protection classification. The Bessemer Fire Department this week announced they are being reclassified from Class 4 to Class 1, the highest ...

 

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05/06/2016 03:48 PM

Axa Looks to Keep Expanding in Brazil's Growing Insurance Market - Bloomberg


Axa Looks to Keep Expanding in Brazil's Growing Insurance Market
Bloomberg
Axa sees an opportunity to gain a commanding position in a growing market where only 25 percent of Brazilians have health insurance and only 10 percent have homeowners insurance, he said. Axa bought the high-risk insurance business of Sul America SA ...

 

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05/06/2016 09:33 AM

Terror Attacks and Change Fees Cause Travelers to Rethink Travel Insurance - Skift


Skift

Terror Attacks and Change Fees Cause Travelers to Rethink Travel Insurance
Skift
Global events during the past year have fundamentally shifted how travelers view insurance and how they want to interact with providers during their trips. What was once overlooked by many U.S. travelers is now largely thought of as necessary, and ...

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05/05/2016 11:06 PM

Pet Insurance: Is it worth the cost? - Part 2 - WNDU-TV


WNDU-TV

Pet Insurance: Is it worth the cost? - Part 2
WNDU-TV
Only 1 percent of pet owners have pet insurance. John and Lenore had it for their previous dog. So did it pay off? John says, "It probably did because, now that I think of it and recall, it did cover a lot of the vet visits and so on. It covered ...

 

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05/06/2016 02:49 PM

Accidents abroad: don't get caught out by insurance rules - Telegraph.co.uk


Telegraph.co.uk

Accidents abroad: don't get caught out by insurance rules
Telegraph.co.uk
Sarah Dennis of the Health Insurance Group, which is an independent specialist adviser, said: “UK nationals are really fortunate to have access to the NHS and free treatment, but outside of the UK most countries will require the costs to be covered by ...

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05/06/2016 03:25 PM

Confie Buys Auto Insurance Specialists, Trinity Insurance & Whitehead Insurance - Insurance Journal


Confie Buys Auto Insurance Specialists, Trinity Insurance & Whitehead Insurance
Insurance Journal
Confie acquired the assets of: Auto Insurance Specialists Inc. of Las Vegas, whose primary focus since its founding in 2007 is personal auto insurance; Trinity Insurance LLC, operating three locations in South Florida, Homestead, Cutler Bay, and ...

 

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International Insurance News

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04/21/2016 11:10 PM

Attempts to Embezzle Millions From Global Insurance Company Results in Jail - Lawfuel (blog)


Attempts to Embezzle Millions From Global Insurance Company Results in Jail
Lawfuel (blog)
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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05/06/2016 09:33 AM

Terror Attacks and Change Fees Cause Travelers to Rethink Travel Insurance - Skift


Skift

Terror Attacks and Change Fees Cause Travelers to Rethink Travel Insurance
Skift
U.S. travelers historically chose travel insurance for cancellation reasons if something unexpected happenS before their trip, and mainly for international rather than domestic trips. ... Rutledge added that insurance regulation also inflates travel ...

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05/06/2016 04:00 PM

Why Our Food Keeps Making Us Sick - Fortune


Fortune

Why Our Food Keeps Making Us Sick
Fortune
When the Grocery Manufacturers Association surveyed three dozen international companies in 2011, more than half reported being impacted by a food recall during the previous five years. Eighteen percent of those said the hit from the recall ... That ...

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05/06/2016 10:56 AM

Ex-AIA insurance agent pleads guilty to fraud in Singapore - International Adviser


International Adviser

Ex-AIA insurance agent pleads guilty to fraud in Singapore
International Adviser
A former agent of pan-Asian life insurance company AIA pleaded guilty for the second time on Thursday to defrauding an elderly couple of more than $5m (£3.4m, €4.4m) after withdrawing her earlier plea.

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05/05/2016 09:17 AM

American International Group: 4 Positive Takeaways From The Earnings Release - Seeking Alpha


Seeking Alpha

American International Group: 4 Positive Takeaways From The Earnings Release
Seeking Alpha
Are things finally getting better for insurance company American International Group, Inc. (NYSE:AIG)? I was looking forward to the company's Q1'16 earnings release to see if American International Group managed to turn things around in the last quarter.
BTIG Research Reaffirms Outperform Rating for American International Group Inc (AIG)Web Breaking News

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05/06/2016 03:53 PM

The Navigators Group's (NAVG) CEO Stanley Galanski on Q1 2016 Results - Earnings Call Transcript - Seeking Alpha


Web Breaking News

The Navigators Group's (NAVG) CEO Stanley Galanski on Q1 2016 Results - Earnings Call Transcript
Seeking Alpha
U.S. insurance, international insurance and global reinsurance. Despite challenging market conditions and the non-renewal of a significant treaty Navigators Re, we were able to grow our business with gross written premium up 4.4% over the first quarter ...
Stock Earnings Analysis: The Navigators Group, Inc. (NAVG)CWRU Observer
Latest Analyst Ratings For The Navigators Group, Inc. (NASDAQ:NAVG)Share Trading News
Navigators Group Inc (NAVG) Releases Earnings Results, Beats Expectations By $0.04 EPSMarket Digest
The Wall Street Transcript -Web Breaking News
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05/06/2016 07:12 PM

AIG Maintains Strong Balance Sheet with Improved ROE - Market Realist


Market Realist

AIG Maintains Strong Balance Sheet with Improved ROE
Market Realist
In 2015, American International Group (AIG) continued its simplification process for its balance sheet. The continued active wind down of the direct investment book and the substantial termination of the credit default swap (or CDS) in global capital ...

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05/04/2016 08:31 PM

ERISA pre-empts breach of contract lawsuit against Reliance Standard Insurance Company, IBEW - The Pennsylvania Record


The Pennsylvania Record

ERISA pre-empts breach of contract lawsuit against Reliance Standard Insurance Company, IBEW
The Pennsylvania Record
PHILADELPHIA -- A federal court has dismissed a lawsuit alleging breach of contract and breach of fiduciary duty filed against Reliance Standard Life Insurance Company, the International Brotherhood of Electrical Workers (IBEW) Local 380 and the Union ...

 

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