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National Insurance News

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05/04/2015 05:08 AM

How to Cushion the Costs of Long-Term-Care Insurance - TIME


TIME

How to Cushion the Costs of Long-Term-Care Insurance
TIME
A lengthy stay in a nursing home could wipe out your savings—the national average for a shared room in a nursing home is $77,380 a year. Long-term-care insurance can protect you and your family, but the policies are increasingly expensive and not ...

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05/04/2015 07:49 AM

Eagles fans to get jersey insurance, because Chip Kelly - Washington Post (blog)


Washington Post (blog)

Eagles fans to get jersey insurance, because Chip Kelly
Washington Post (blog)
One Philadelphia-area sporting-goods store has you covered, just in case you want to plop down good money for a Tim Tebow jersey even though a roster spot is far from guaranteed: Schuylkill Valley Sports is offering jersey insurance at its 18 locations.
Philly area sporting goods store offering NFL jersey insuranceComcast SportsNet Philadelphia (blog)
Report: Philly sports chain offering Tebow, Bradford jersey insuranceCBSSports.com
Local NFL product merchants now offering jersey insurancePhilly.com (blog)
SportingNews.com -LancasterOnline
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05/04/2015 10:09 AM

RIMS Report: Uber Touts Ridesharing Insurance Solution - Insurance Journal


RIMS Report: Uber Touts Ridesharing Insurance Solution
Insurance Journal
In the rapid rollout of mobile app-based ridesharing services that compete with traditional taxicabs and other urban transportation, taxi businesses have bristled over the higher insurance costs they must bear compared to what drivers for Uber, Lyft ...

 

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05/04/2015 12:24 PM

Capacity Insurance Company AM Best Rating Affirmed - MarketWatch


Capacity Insurance Company AM Best Rating Affirmed
MarketWatch
SUNRISE, FL, May 04, 2015 (Marketwired via COMTEX) -- Capacity Insurance Company (Capacity Insurance), a wholly-owned subsidiary of Team Focus Insurance Group (Team Focus), recently received an A.M. Best Financial Strength Rating of B (Good) ...

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05/03/2015 10:20 PM

Mounting insurance claims are remnants of a savage winter - Boston Globe (subscription)


Boston Globe (subscription)

Mounting insurance claims are remnants of a savage winter
Boston Globe (subscription)
Remember winter? Insurance companies would like to forget it, too, but the bills for all those ice dams, roof leaks, and waterlogged plaster continue to come in. Nationwide, claims for winter storm damage have totaled $2.3 billion in the first quarter ...

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05/03/2015 12:34 PM

Philadelphia store offering jersey insurance - ABC News


ABC News

Philadelphia store offering jersey insurance
ABC News
OAKLAND, Calif. -- Golden State Warriors guard Stephen Curry has been voted the NBA's 2014-15 Most Valuable Player, according to league sources. Editor's Picks. Curry the best of the best. Check out ESPN Stats & Information's infographic summarizing ...

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05/04/2015 08:18 AM

Why Warren Buffett Is Growing More Cautious About the Insurance Industry - 24/7 Wall St.


24/7 Wall St.

Why Warren Buffett Is Growing More Cautious About the Insurance Industry
24/7 Wall St.
From an insurance investor perspective, the biggest takeaway by Janney was that Buffett put an end to the popular parlor game of which large commercial underwriter that he would like to acquire by asserting they are unlikely to ever buy one and will ...
BHSI will not grow through M&A: BuffettThe Insurance Insider (subscription)
Buffett downbeat on reinsurance prospectsRoyal Gazette

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05/03/2015 12:39 PM

Guo's Fosun to Buy Ironshore in $1.84 Billion Insurance Deal - Bloomberg


Bloomberg

Guo's Fosun to Buy Ironshore in $1.84 Billion Insurance Deal
Bloomberg
Fosun's unit Mettlesome Investment 2 will combine with Ironshore to boost its presence in the insurance business, the Shanghai-based company said in a statement to the Hong Kong stock exchange on Sunday. The company completed the acquisition of a 20 ...
China's Fosun offers $1.8 billion for 80% of US insurerBusiness Insurance
Chinese firm to buy out IronshoreRoyal Gazette
Fosun Shells Out $1.8B For US Insurance Group IronshoreLaw360 (subscription)
Taipei Times -Financial Times
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05/04/2015 05:01 AM

Midsize businesses face loss of lower-cost health insurance - Crain's New York Business (blog)


Midsize businesses face loss of lower-cost health insurance
Crain's New York Business (blog)
Health insurance companies will descend on the state capital today for two days of lobbying—and might need both of them to explain the bill at the top of their agenda. The measure would allow businesses with 51 to 100 employees to continue purchasing ...

 

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05/04/2015 06:16 AM

Download: Would you buy insurance with a sports jersey? - fox8.com


fox8.com

Download: Would you buy insurance with a sports jersey?
fox8.com
NEWTON, Pa. — A store in Pennsylvania has come up with a way to protect your investments — in sports jerseys. MyFoxPhilly reports that Schuylkill Valley Sports is offering insurance to customers when they buy jerseys, which can cost upward of $100 to ...

 

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International Insurance News

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05/04/2015 02:59 AM

Oman Insurance Company Signs a Corporate Pension Plan with Aircrew ... - Zawya (registration)


Oman Insurance Company Signs a Corporate Pension Plan with Aircrew ...
Zawya (registration)
Oman Insurance Company (OIC) announces its selection as a preferred provider for Aircrew Protection International (API) offering airline pilots life insurance and investment plans. Each of the 1,700 members will have the opportunity to subscribe to a ...

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04/24/2015 10:04 AM

AM Best Upgrades Ratings of AGA International SA and Jefferson Insurance ... - MarketWatch


AM Best Upgrades Ratings of AGA International SA and Jefferson Insurance ...
MarketWatch
... WIRE) -- A.M. Best has upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit ratings to “aa-” from “a+” of AGA International SA (AGAI) (France) and its subsidiary, Jefferson Insurance Company (Jefferson ...

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04/27/2015 05:19 AM

Tennessee Farmers Life Insurance Company Selects Sapiens ALIS for Its Next ... - SYS-CON Media (press release)


Tennessee Farmers Life Insurance Company Selects Sapiens ALIS for Its Next ...
SYS-CON Media (press release)
Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance and retirement industry, with an emerging focus on the broader financial services sector, announced today that Tennessee ...
Farm Bureau Insurance of Tennessee selects Sapiens ALIS in the cloud to ...Virtual Press Office (press release)

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05/03/2015 01:15 AM

American International Group: On Its Way To A $100 Per Share Book Value? (AIG) - Seeking Alpha


American International Group: On Its Way To A $100 Per Share Book Value? (AIG)
Seeking Alpha
In February, when American International Group reported fourth quarter earnings, it seemed that the insurance company would have a long way to go before shareholders saw higher share prices. With the release of American International Group's first ...

 

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04/06/2015 04:00 AM

Biolab participates in the Medical Day of Jordan International Insurance Company - Al-Bawaba


Al-Bawaba

Biolab participates in the Medical Day of Jordan International Insurance Company
Al-Bawaba
Biolab, the leading accredited diagnostic laboratories in the Kingdom, has participated in the medical day organized recently by the Jordan International Insurance Company (JIIG) for its employees in the company's premises. During the medical day ...

 

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05/04/2015 11:59 AM

Share Placement Attracts Strong Shareholders, Chinasoft International's Value ... - MarketWatch


Share Placement Attracts Strong Shareholders, Chinasoft International's Value ...
MarketWatch
BOCOM International Holdings Company Limited ("BOCOM International") will subscribe to 50 million shares, The People's Insurance Company (Group) of China Limited ("PICC") and China Life Franklin Asset Management Co. Limited ("China Life") will each ...

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04/09/2015 08:02 AM

Your insurance company can now use drones to check up on you - Quartz


Quartz

Your insurance company can now use drones to check up on you
Quartz
Insurance giant American International Group yesterday (April 8) announced it has won approval from the US Federal Aviation Administration to fly drones. That means AIG will now be able to use unmanned aerial vehicles to get to disaster-stricken towns ...
AIG Becomes The Latest Company To Use DronesBenzinga

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05/04/2015 07:47 AM

American International Group Given "BBB+" Credit Rating (AIG) - sleekmoney


American International Group Given "BBB+" Credit Rating (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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04/06/2015 01:45 AM

S&P upgrades International General Insurance Company Ltd to A- (stable) - Zawya (registration)


S&P upgrades International General Insurance Company Ltd to A- (stable)
Zawya (registration)
Standard & Poor's Ratings Services (S&P) has upgraded the financial strength ratings for International General Insurance Company Ltd (IGI) to "A-" with a stable outlook. The new rating, which was announced recently, raises the rating to A- from BBB+ ...

 

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05/01/2015 07:48 AM

Congress Intervenes On International Insurance Standards - Insurance News Net


Congress Intervenes On International Insurance Standards
Insurance News Net
WASHINGTON -- Congressional members want to intervene on behalf of state regulators to ensure that international insurance rules being negotiated by the Treasury and the Federal Reserve Board do not impact the current state-based U.S. insurance ... Van ...

 

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