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National Insurance News

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11/21/2014 09:14 PM

Hartford Insurer Earl O'Garro Charged With Insurance Fraud - Hartford Courant


CBS Local

Hartford Insurer Earl O'Garro Charged With Insurance Fraud
Hartford Courant
HARTFORD — Federal authorities accused once-rising Hartford insurance star Earl O'Garro Jr. of fraud Friday, saying that he lied to obtain $126,000 in state economic assistance money and embezzled more than $1 million more in insurance premiums from ...
Insurance Agent O'Garro Charged With $1.5 Million Wire FraudCBS Local
Hartford Insurance Broker Accused of Defrauding the StateNBC Connecticut
Insurance broker indicted for allegedly stealing money from state and private ...FOX CT
WNPR News
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11/20/2014 10:20 PM

Harland Stonecipher, Insurance Pioneer, Dies at 76 - New York Times


Harland Stonecipher, Insurance Pioneer, Dies at 76
New York Times
Mr. Stonecipher's innovation was to allow people to pay monthly premiums for help with legal matters — from divorce to warranty disputes, from arrests to identity theft — in the manner of health insurance. He also built an army of sales employees ...

 

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11/21/2014 03:36 AM

Nashville insurance broker killed in Caribbean - The Tennessean


The Tennessean

Nashville insurance broker killed in Caribbean
The Tennessean
Netherland, a Nashville-based insurance executive, was found dead in his secluded rental home on the island of St. John in the U.S. Virgin Islands by his housekeeper, according to Bob Carney, the St. John contractor and real estate businessman who had ...

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11/21/2014 08:18 AM

With 'Luck,' Illinois hopes to lure young adults to buy insurance - Chicago Tribune


With 'Luck,' Illinois hopes to lure young adults to buy insurance
Chicago Tribune
The 30-second spots aired on network television in Illinois this week, the first week of open enrollment under the Affordable Care Act. The campaign targets millennials, whose participation in insurance is important to the health law's success but who ...
How do you sell Millennials on health insurance? Make them laugh, and then ...MedCity News

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11/21/2014 12:20 PM

Nashville insurance executive killed in Caribbean - USA TODAY


USA TODAY

Nashville insurance executive killed in Caribbean
USA TODAY
Netherland, a Nashville-based insurance executive, was found dead in his secluded rental home on the island of St. John in the U.S. Virgin Islands by his housekeeper, according to Bob Carney, a St. John contractor and real estate businessman who owned ...

 

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11/19/2014 09:21 AM

State Insurance Chief To Leave Dec. 11 - Hartford Courant


The CT Mirror

State Insurance Chief To Leave Dec. 11
Hartford Courant
State Insurance Commissioner Thomas B. Leonardi, who led the department for nearly four years and traveled widely as an industry expert, is resigning to take a job with a New York investment firm. Leonardi, 60, is taking a job at Evercore Partners Inc ...
Insurance commissioner Leonardi stepping downThe CT Mirror
Connecticut Insurance Commissioner to Join EvercoreNew York Times
MOVES-Connecticut Insurance Commissioner Leonardi to join EvercoreReuters
ClaimsJournal.com -Insurance News Net
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11/22/2014 12:11 PM

The fatal flaw in employers' health-insurance plans - Arizona Republic


Arizona Republic

The fatal flaw in employers' health-insurance plans
Arizona Republic
In the meantime, I called my insurance to ask how much this was going to cost me. Four lengthy phone calls later, which involved collecting all sorts of technical information from my dentist, I still didn't know. I got sort of an estimate, but even ...

 

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11/21/2014 05:43 PM

Family waits months for bank to pay out insurance check - WLS-TV


WLS-TV

Family waits months for bank to pay out insurance check
WLS-TV
Having homeowners pay upfront and wait for reimbursements is a common policy with many lenders and insurance companies. People who live in a flood zone should know their policies inside and out to make sure they get that line of credit up front.

 

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11/18/2014 10:45 PM

The Upshot|How Much Did Health Insurance Rates Go Up? It's Complicated - New York Times


New York Times

The Upshot|How Much Did Health Insurance Rates Go Up? It's Complicated
New York Times
Shortly after the numbers were released, think tanks, consultants and reporters all crunched the data to produce varying estimates of what's happening to insurance premiums in the new marketplaces. (The Upshot, of course, had its own take on the numbers.).

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11/22/2014 12:17 PM

Crop insurance calms farmer's nerves Policies protect against potential losses - LimaOhio.com


Crop insurance calms farmer's nerves Policies protect against potential losses
LimaOhio.com
Crop insurance can protect farmers when it comes to revenue loss, yield loss and weather damage, according to Rex Williamson with Williamson Insurance in Payne, a company that only provides crop insurance. Williamson is already getting claims for the ...

 

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International Insurance News

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11/20/2014 01:41 PM

International Insurance Regulation - Insurance News Net


International Insurance Regulation
Insurance News Net
It is important to note that any standards adopted by the IAIS are not binding on the Federal Reserve, the FIO, state insurance regulators, or any U.S. insurance company. During the development of global standards for insurance firms by the IAIS, the ...

 

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10/14/2014 08:29 AM

Venetico Marine SA vs International General Insurance Company Limited and ... - Lexology (registration)


Venetico Marine SA vs International General Insurance Company Limited and ...
Lexology (registration)
The IRENE EM (the "Vessel") was insured for hull and machinery, increased value and anticipated costs of replacement under several fleet policies. The hull and machinery policies comprised five policies subscribed by the first 18 defendants, and under ...

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11/06/2014 01:43 PM

AM Best Removes Ratings of International Fidelity Insurance Company and Its ... - Business Wire (press release)


AM Best Removes Ratings of International Fidelity Insurance Company and Its ...
Business Wire (press release)
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has removed from under review with negative implications and affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings of “a-” of International Fidelity Insurance Company (IFIC ...

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08/03/2014 11:47 PM

Top 10 Global Health Insurance Providers - Healthcare Global


Healthcare Global

Top 10 Global Health Insurance Providers
Healthcare Global
Aviva- A British multinational, Aviva is the sixth-largest insurance company in the world measured by net premium income and has around 43 million customers across 21 countries. Aviva provides health insurance in countries like Ireland and India, and ...

 

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11/21/2014 08:15 PM

KPMG International | IRS Chief Counsel - Interest paid by insurance company on ... - Linex Legal (press release) (registration)


KPMG International | IRS Chief Counsel - Interest paid by insurance company on ...
Linex Legal (press release) (registration)
TaxNewsFlash - United States-IRS Chief Counsel - Interest paid by insurance company on funding agreements is “policy interest” under section 812(b)(2) November 21: The IRS today publicly released a redacted field advice memorandum* that concludes ...

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05/09/2014 11:25 PM

Update on International Fidelity Insurance Company's A.M. Best Rating - Insurance News Net (press release)


Update on International Fidelity Insurance Company's A.M. Best Rating
Insurance News Net (press release)
International Fidelity Insurance Company (IFIC) is pleased to announce that its AM Best Company rating remains A- ("Excellent") after self reporting to AM Best that it will revise and re-file its 2013 Annual Statement. AM Best has stated: "…based on ...

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10/03/2014 06:03 AM

Chicago insurance company acquires Winter Park firm - Orlando Sentinel


Chicago insurance company acquires Winter Park firm
Orlando Sentinel
Kuykendall Gardner Risk & Insurance, founded in Winter Park in 1953, is the second Hub International Limited acquisition in Florida. Ballard Insurance Agency in Melbourne was acquired in August. It will be the eighth Hub office in the Sunshine State.

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05/02/2014 01:08 PM

Sierra Leone News: ACTIVA International Insurance Company - Awoko


Awoko

Sierra Leone News: ACTIVA International Insurance Company
Awoko
... Chief Executive Officer of the Holding Company of the ACTIVA Group said “we are very excited by the opportunities created by the acquisition of the licence to operate as an Insurance Company in Sierra Leone and by the economic outlook for Sierra ...

 

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10/16/2014 05:22 PM

Global Indemnity Agrees To Purchase American Reliable Insurance Company - PR Newswire (press release)


Global Indemnity Agrees To Purchase American Reliable Insurance Company
PR Newswire (press release)
DUBLIN, Ireland, Oct. 16, 2014 /PRNewswire/ -- Global Indemnity plc's (NASDAQ: GBLI) U.S. affiliate agreed to purchase American Reliable Insurance Company from Assurant, Inc. (NYSE: AIZ). In a transaction with an enterprise value of approximately ...

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05/08/2014 02:10 PM

A.M. Best Places Ratings of International Fidelity Insurance Company and Its ... - Business Wire (press release)


A.M. Best Places Ratings of International Fidelity Insurance Company and Its ...
Business Wire (press release)
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has placed under review with negative implications the financial strength rating of A- (Excellent) and the issuer credit ratings of “a-” of International Fidelity Insurance Company (IFIC) (Newark, NJ) and its ...

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