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National Insurance News

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07/22/2016 11:26 PM

US government's bid to block insurance mergers could spawn new ones - Reuters


Reuters

US government's bid to block insurance mergers could spawn new ones
Reuters
The potential bust-up of two mega deals among America's largest health insurance companies may have an unintended result - more mergers. The U.S. Department of Justice on Thursday sued to block Aetna Inc's (AET.N) $37 billion purchase of Humana Inc ...
Justice Department Moves To Block 2 Big Health Insurance MergersNPR
What's Next After Feds Move To Block Insurance Mergers?Hartford Courant
DOJ files lawsuits to block mergers of insurance giantsPolitico
Houston Chronicle -Gwinnettdailypost.com -NBCNews.com
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07/23/2016 11:14 AM

State seeks bids for self-insurance for state workers - Portage Daily Register


Portage Daily Register

State seeks bids for self-insurance for state workers
Portage Daily Register
Currently, nearly all of the workers and dependents, almost 100,000 of whom are in Dane County, are covered by 17 HMOs that receive premiums and accept the risk for claims. Under self-insurance, the state would pay benefits directly and take on the risk.

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07/22/2016 01:16 PM

Why Insurance Companies Don't Renew Policies - New York Times


New York Times

Why Insurance Companies Don't Renew Policies
New York Times
After Nancy Wergeles lost her engagement ring, she and her husband contacted their insurer, Travelers Insurance. Within weeks, Ms. Wergeles had a check for $19,000 to replace the ring. But this spring, Travelers said it wouldn't renew the Wergeleses' ...

 

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07/23/2016 02:36 AM

No jail time for Missouri drivers without insurance - KMOV.com


No jail time for Missouri drivers without insurance
KMOV.com
In the past two years, close to 70,000 people were convicted of driving without insurance in Missouri. According to the Consumer Federation of America, while at least 14 states provide jail time as a form of punishment for a first offense of driving ...

 

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07/22/2016 04:51 PM

Alabama Releases Insurance Guide for Coastal Residents - Insurance Journal


Insurance Journal

Alabama Releases Insurance Guide for Coastal Residents
Insurance Journal
The Alabama Center for Insurance Information & Research (ACIIR) in partnership with Smart Home America and the Coastal Alabama Partnership has released its new Alabama Coastal Insurance Shopper's Guide to help homeowners on the Gulf Coast ...

 

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07/22/2016 02:23 PM

Your Money: What I didn't know about auto insurance until an accident - Minneapolis Star Tribune


Minneapolis Star Tribune

Your Money: What I didn't know about auto insurance until an accident
Minneapolis Star Tribune
No one was hurt, no air bags deployed, and the driver's vehicle looked undamaged, according to him. The damage to my aged Malibu was about $1,800. It was my first auto accident in decades. That's my excuse for knowing so little about collision insurance.

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07/23/2016 01:42 AM

Missouri senator, wife win contraceptive insurance suit - STLtoday.com


STLtoday.com

Missouri senator, wife win contraceptive insurance suit
STLtoday.com
ST. LOUIS • A federal judge here has sided with a Missouri state senator in his fight to opt out of family birth-control coverage through the state health insurance plan. In a ruling Thursday, U.S. District Judge Jean C. Hamilton said the federal ...

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07/22/2016 10:02 AM

Starbucks unveils a private health insurance exchange. Is that a good thing? - Los Angeles Times


Los Angeles Times

Starbucks unveils a private health insurance exchange. Is that a good thing?
Los Angeles Times
To hear Starbucks tell it, the company's introduction this week of expanded insurance choices for workers represents a major advance in health coverage. “Providing industry-leading benefits for eligible full- and part-time partners is a cornerstone of ...

 

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07/23/2016 11:10 AM

Court agrees insurance company doesn't owe shooting victim - Rapid City Journal


Court agrees insurance company doesn't owe shooting victim
Rapid City Journal
PIERRE | The South Dakota Supreme Court has agreed insurance benefits weren't owed to a young man who had been shot in the head with a handgun by another student. The incident occurred while they were in the shooter's pickup truck in the ...

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07/23/2016 04:11 AM

Public hearings scheduled on insurance rates - Great Falls Tribune


Great Falls Tribune

Public hearings scheduled on insurance rates
Great Falls Tribune
HELENA — Commissioner of Securities and Insurance Monica J. Lindeen will hold two public hearings in the next couple of weeks to gather comments on rate increases that range from 3 percent to 62 percent proposed for 2017 for individual and small group ...

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International Insurance News

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07/22/2016 11:05 AM

Why Form A Captive Insurance Company In Barbados‎ - Mondaq News Alerts (registration)


Why Form A Captive Insurance Company In Barbados‎
Mondaq News Alerts (registration)
Apart from Barbados' reputation as one of the premier holiday destinations in the world and its recognition as being among the top developing nations worldwide, the island has developed and enjoys a reputation as one of the world's leading ...

 

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07/01/2016 05:55 PM

A.M. Best Affirms Ratings of Markel International Insurance Company Limited and Lloyd's Syndicate 3000 - Business Wire (press release)


A.M. Best Affirms Ratings of Markel International Insurance Company Limited and Lloyd's Syndicate 3000
Business Wire (press release)
LONDON--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of Markel International Insurance Company Limited (MIICL) (United Kingdom) and Lloyd's Syndicate 3000 (United ...

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07/01/2016 09:49 PM

A.M. Best Assigns Ratings to Sirius Bermuda Insurance Company Ltd. and Affirms Ratings of Sirius International Group ... - Business Wire (press release)


A.M. Best Assigns Ratings to Sirius Bermuda Insurance Company Ltd. and Affirms Ratings of Sirius International Group ...
Business Wire (press release)
Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of “a” of Sirius International Insurance Corporation (publ) (Sirius International) (Sweden) and its subsidiary, Sirius America Insurance Company (Sirius America) (New York, NY).

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07/18/2016 07:30 AM

Berkshire Hathaway Specialty Insurance Company Names Ulrich Kremer Head of Claims, Northern Europe - Business Wire (press release)


Berkshire Hathaway Specialty Insurance Company Names Ulrich Kremer Head of Claims, Northern Europe
Business Wire (press release)
BOSTON--(BUSINESS WIRE)--Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it has expanded its Northern European operations, appointing Ulrich Kremer as Senior Vice President, Claims, Northern Europe. ... In Europe, the ...

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07/11/2016 09:47 AM

SA wine company wins insurance bid - The Advertiser


The Advertiser

SA wine company wins insurance bid
The Advertiser
A SOUTH Australian wine maker has successfully sued its international insurance company for $250,000 after it refused to cover money lost when a US buyer failed to pay for wine it had ordered. Adelaide company Heath Wines took its US-based insurance ...

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07/11/2016 01:54 PM

Edelweiss gets nod from IRDA to set up insurance company in India - International Business Times, India Edition


International Business Times, India Edition

Edelweiss gets nod from IRDA to set up insurance company in India
International Business Times, India Edition
Edelweiss General Insurance Company (EGIC) cleared the first step in becoming an insurance company in India with the Insurance Regulatory and Development Authority of India (IRDAI) approving its registration application, as disclosed by Edelweiss ...

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07/22/2016 06:59 PM

People on the move in the P&C insurance industry: July 22, 2016 - PropertyCasualty360


PropertyCasualty360

People on the move in the P&C insurance industry: July 22, 2016
PropertyCasualty360
Bala Cynwyd, Pennsylvania-based property and casualty and professional liability insurance company Philadelphia Insurance Cos. said it has hired Brian Kilroy as national vice president of marketing. He joins from Zurich North America, where he was a ...

 

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07/22/2016 08:09 AM

Moon Capital Management Lowers stake in American International Group Inc (AIG) - TheFounders Daily


Moon Capital Management Lowers stake in American International Group Inc (AIG)
TheFounders Daily
American International Group Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance life insurance retirement products mortgage insurance and other financial services. Its various offerings include products and ...

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07/22/2016 04:17 PM

Proposed insurance discount gives homeowners less options - KXAN.com


KXAN.com

Proposed insurance discount gives homeowners less options
KXAN.com
As the rates keep going up, homeowners looking for a way to save money might be enticed by a new option currently being proposed by one major Texas insurance company. If the Texas Department of Insurance approves of the proposal, consumer ...

 

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07/23/2016 05:03 AM

Marion County court records: July 19-22 - Statesman Journal


Statesman Journal

Marion County court records: July 19-22
Statesman Journal
Fidelity and Deposit Company of Maryland, Zurich American Insurance Company, Base 3 LLC d.b.a Gibson Electric. Kenneth W. Broadwell vs. Carol Ann Scott, United Parcel Service, Inc. ... Angie M. Nieto. Acctcorp International of Salem vs. Stacey Jones ...

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