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National Insurance News

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05/05/2016 09:30 AM

Why Cleveland and Philly might want "riot insurance" - CBS News


CBS News

Why Cleveland and Philly might want "riot insurance"
CBS News
With political conventions shaping up to be more and more like heavyweight wrestling matches, Cleveland has made what may be a smart decision, but undoubtedly an expensive one. The city's Board of Control, which answers to its mayor, voted ...

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05/05/2016 02:45 PM

Is There Enough Insurance For Mom? - CBS Local


CBS Local

Is There Enough Insurance For Mom?
CBS Local
Homeowners Insurance: If mom owns her home make sure she has a homeowner's policy. No one requires you to have insurance coverage if you no longer have a mortgage. If she is renting be sure she has a renter's policy. When you and mom did her net ...

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05/05/2016 12:41 PM

Cyber insurance can be your worst nightmare, best friend - Network World


Network World

Cyber insurance can be your worst nightmare, best friend
Network World
LAS VEGAS -- Cyber insurance can pay out millions of dollars to cover the cost of data breach liability, but buying the policies can be a nightmare for info security pros, and premiums for similar coverage can vary wildly, an Interop audience was told.
Expert: Cyber insurance will generate $5B in premiums by 2020CIO Dive

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05/05/2016 06:58 AM

20 home insurance traps and how to avoid them - Telegraph.co.uk


Telegraph.co.uk

20 home insurance traps and how to avoid them
Telegraph.co.uk
For instance, incorrectly estimate the total amount of insurance needed and you could see a pay out reduced even if it's well within your coverage limit. Here Telegraph Money takes you through the must-know home insurance points that will ensure your ...

 

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05/05/2016 05:38 AM

HDFC Said to Pick Banks for $400 Million IPO of Insurance Unit - Bloomberg


HDFC Said to Pick Banks for $400 Million IPO of Insurance Unit
Bloomberg
HDFC last year sold a 0.95 percent stake in the insurance unit to PremjiInvest, a fund set up by Indian outsourcing billionaire Azim Premji, in a deal that valued the insurer at about 209.5 billion rupees, data compiled by Bloomberg show. Edinburgh ...

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05/04/2016 10:35 PM

Pet insurance: Is it worth the cost? - WNDU-TV


WNDU-TV

Pet insurance: Is it worth the cost?
WNDU-TV
Consumer Reports estimates fewer than one percent of pets in the U.S. and Canada were insured at the end of 2014, but that trend is changing. So is it worth it? Our pooches come in all shapes, sizes and colors. Some are mutts and some are pure bred.

 

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05/04/2016 10:23 PM

NC insurance commissioner: Blue Cross likely to be fined 'millions' for IT woes - Charlotte Observer


Charlotte Observer

NC insurance commissioner: Blue Cross likely to be fined 'millions' for IT woes
Charlotte Observer
North Carolina's insurance commissioner expects to issue a fine against Blue Cross and Blue Shield “in the millions of dollars” for ongoing technology problems that have botched coverage, billing and payments for thousands of customers and doctors in ...

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05/04/2016 11:55 AM

What is cyber insurance and why you need it - CIO


CIO

What is cyber insurance and why you need it
CIO
A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach ...

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05/05/2016 08:30 AM

RSA Irish premiums rebound as insurance pricing rise - Irish Times


Irish Times

RSA Irish premiums rebound as insurance pricing rise
Irish Times
Irish motor insurance costs rose almost 4 per cent on the month in March and over 32 per cent compared with the same period last year, according to the latest figures from the Central Statistics Office. Home insurance rates rose by an annual 9.5 per ...
RSA Insurance says profit ahead of viewsMarketWatch
Insurance giant RSA enjoys strong first quarter of tradingLiverpool Echo
Should you buy Smith & Nephew plc, eSure plc and RSA Insurance Group plc following today's updates?Motley Fool UK
Nasdaq -City A.M.
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05/05/2016 11:04 AM

Manulife Profit Jumps 45% on Interest Rates, Asian Insurance - Bloomberg


Manulife Profit Jumps 45% on Interest Rates, Asian Insurance
Bloomberg
Manulife Financial Corp., Canada's largest life insurer, reported a 45 percent gain in first-quarter profit after benefiting from interest-rate movements and record insurance sales in Asia. Net income in the first quarter was C$1.045 billion ($812 ...

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International Insurance News

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04/30/2016 10:23 PM

Insurer gets gong for bad behaviour - Radio New Zealand


Radio New Zealand

Insurer gets gong for bad behaviour
Radio New Zealand
The insurance company said it was disappointed to have been named New Zealand's worst transnational corporation. IAG's head of corporate affairs, Craig Dowling, said the award showed a tragic lack of understanding of earthquake issues, and the ...

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04/21/2016 11:06 PM

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


Attempts to Embezzle Millions From Global Insurance Company Results in Jail
Lawfuel
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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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.
Morgan Stanley Releases American International Group Price Target With Potential 14.86% UpsideShare Trading News

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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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05/04/2016 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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05/05/2016 01:35 PM

Berkshire Hathaway Specialty Insurance Appoints Bryan Betts to Lead Customer & Broker Engagement, Central U.S. ... - Business Wire (press release)


Berkshire Hathaway Specialty Insurance Appoints Bryan Betts to Lead Customer & Broker Engagement, Central U.S. ...
Business Wire (press release)
Bryan comes to BHSI from Zurich Insurance Company, Ltd, where he was International Sales & Distribution Manager, Executive Staff, in Zurich, Switzerland. Immediately prior, Bryan was Senior Vice President, Global Relationship Leader, at Zurich in Atlanta.

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05/04/2016 12:55 PM

American International Group Inc. | $AIG Stock | Shares Sink On Poor Earnings Results - TickerTV News (press release)


TickerTV News (press release)

American International Group Inc. | $AIG Stock | Shares Sink On Poor Earnings Results
TickerTV News (press release)
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 ...
Granite Investment Advisors Lowers stake in American International Group Inc (AIG)Market Digest
Insurance titan American International Group posts lower than expected profits for third consecutive quarterCity A.M.

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05/05/2016 05:45 AM

Foreign Investors at Wit's End After Developments Fizzled - ABC News


ABC News

Foreign Investors at Wit's End After Developments Fizzled
ABC News
Antonius Van Usen, originally from Utrecht, the Netherlands, said he had several options, including a life insurance company in Seattle and other commercial ventures, but chose to invest in Jay Peak in 2008 because the Vermont government was in favor ...

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05/04/2016 07:00 PM

IBM and Cisco Have the Same Security Strategy - Motley Fool


Motley Fool

IBM and Cisco Have the Same Security Strategy
Motley Fool
The Wall Street Journal estimated that cybercrime costs in the U.S. totaled $100 billion in 2013, and British insurance company Lloyd's put the global figure at $400 billion in 2015. Juniper Research expects global cybercrime costs to balloon to over ...

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