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National Insurance News

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04/28/2016 11:36 AM

FEMA suspends flood insurance in Indianapolis - Indianapolis Star


Indianapolis Star

FEMA suspends flood insurance in Indianapolis
Indianapolis Star
City lawyers have asked a judge to stop the Federal Emergency Management Agency from suspending flood insurance policy approvals in Marion County. FEMA has placed a hold on policy renewals and new policies because it says Indianapolis made ...

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04/28/2016 03:54 PM

Health Insurance Companies Set to Hike Obamacare Premiums - NBCNews.com


NBCNews.com

Health Insurance Companies Set to Hike Obamacare Premiums
NBCNews.com
The health law's insurance markets offer subsidized private plans, with more than 12 million customers enrolled nationwide. Going into their fourth year, they don't yet seem to have achieved stability. That's a contrast with more-established government ...

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04/28/2016 05:05 AM

Senate panel wants homeowners insurance clarity - The Boston Globe


The Boston Globe

Senate panel wants homeowners insurance clarity
The Boston Globe
The state's closed process for setting homeowners insurance rates has been costly to consumers, prompting a Massachusetts Senate committee to recommend changing the system so residents and the Attorney General's Office can challenge rates before ...

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04/28/2016 01:32 PM

Zika Freak-Out: Travelers Should Check International Insurance Coverage - TheStreet.com


TheStreet.com

Zika Freak-Out: Travelers Should Check International Insurance Coverage
TheStreet.com
As the Zika virus spreads across various countries and is predicted to intensify this summer, wary travelers who are planning to trot around in infected areas should check their health insurance coverage. Globetrotters headed to Caribbean islands and ...

 

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04/28/2016 02:43 PM

What's in Store for Insurance ETF (IAK) in Q1 Earnings? - Zacks.com


What's in Store for Insurance ETF (IAK) in Q1 Earnings?
Zacks.com
While lower rates are dampening insurers' return on their investment portfolios, which are the major sources of their income, increase in the value of bonds is acting as a catalyst to the insurance companies. This is because most insurers' hold a ...

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04/28/2016 06:26 PM

Woodbridge man pleads guilty to insurance fraud - MyCentralJersey.com


MyCentralJersey.com

Woodbridge man pleads guilty to insurance fraud
MyCentralJersey.com
A Woodbridge man has pleaded guilty to insurance fraud for reporting that his motorcycle had been stripped of its parts by thieves on two occasions, when in actuality he directed a repair shop to remove the parts so that he could make claims with his ...

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04/28/2016 03:04 AM

Ark. insurance agent saves the day with .44 Magnum - 12news.com


12news.com

Ark. insurance agent saves the day with .44 Magnum
12news.com
HOT SPRINGS, Ark. (KTHV) - Employees at a Hot Springs insurance agency were shocked to still be alive on Wednesday after a masked man came to their office armed with a rifle. Mike Waymack runs the agency with his wife Kay, and on Wednesday, they ...

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04/28/2016 04:12 AM

Chubb Expands Environmental Insurance Products, Services - Insurance Journal


Chubb Expands Environmental Insurance Products, Services
Insurance Journal
Contractors Pollution Liability Products– Stand-alone pollution or packaged pollution policies for practice or project-specific (i.e., owner controlled insurance program, contractor controlled insurance program, and healthcare) environmental ...

 

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04/27/2016 09:03 PM

Sibley's was an insurance mecca - Rochester Democrat and Chronicle


Rochester Democrat and Chronicle

Sibley's was an insurance mecca
Rochester Democrat and Chronicle
The Christopher Williams Insurance Agency got its start in the iconic Sibley Building in downtown Rochester back when Kennedy was president. While it did well, the agency existed in a small-fish-in-a-big-pond atmosphere. The lower floors were a retail ...

 

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04/28/2016 06:41 AM

Commonwealth Bank customer denied payout after being sold wrong insurance by planner - ABC Online


ABC Online

Commonwealth Bank customer denied payout after being sold wrong insurance by planner
ABC Online
Whilst at the bank in 2008, Jackie Milijash said she was persuaded by the branch's financial planner to cancel her existing insurances, including a long-standing income protection policy with another company, and switch to insurance sold by him. The ...

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International Insurance News

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04/21/2016 11:06 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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04/28/2016 12:01 PM

CIBC a player in insurance market - Nation News


Nation News

CIBC a player in insurance market
Nation News
“As a result, FirstCaribbean International Trust and Merchant Bank (Barbados) Limited can no longer conduct business as an insurance broker in Barbados,” Graham said. He added: “Colonial Medical Insurance Company Limited has been issued with a ...

 

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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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04/05/2016 07:05 AM

Manufacturers Life Insurance Company The buys $318.3 Million stake in Tempur Sealy International Inc (TPX) - SCSUCollegian


Manufacturers Life Insurance Company The buys $318.3 Million stake in Tempur Sealy International Inc (TPX)
SCSUCollegian
Tempur Sealy International Inc (TPX) : Manufacturers Life Insurance Company The scooped up 28,486 additional shares in Tempur Sealy International Inc during the Q4 period, according to a recent disclosure to the SEC. The investment management firm ...

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04/28/2016 01:53 PM

US economy slows, with GDP growing 0.5% in first quarter - Washington Post


Washington Post

US economy slows, with GDP growing 0.5% in first quarter
Washington Post
The relatively tepid growth indicates that the economy is still being held back by apprehension and caution — even as global chaos diminishes, employers continue hiring and the stock market recovers from early-year turmoil. Most analysts say that the ...

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04/28/2016 08:50 AM

President Obama Weighs His Economic Legacy - New York Times


New York Times

President Obama Weighs His Economic Legacy
New York Times
... economic legacy might be judged not just by what he has done, but by how the results compare to a bygone era of middle-class opportunity, one that perhaps no president, faced with the sweeping changes transforming the global economy, could ever ...

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04/28/2016 05:51 PM

Liberty Mutual looks to unbundle insurance, claims - Business Insurance


Business Insurance

Liberty Mutual looks to unbundle insurance, claims
Business Insurance
Liberty Mutual Insurance Co. could soon offer insurance and claims services on an unbundled basis, allowing large policyholders more flexibility and, potentially, lower claims handling costs. Liberty Mutual, the nation's third-largest workers comp ...

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04/27/2016 10:03 AM

Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research - Insurance Journal


Insurance Journal

Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research
Insurance Journal
Additionally, Accenture's findings also indicate that insurance is a more collaborative area than banking when it comes to start-ups – with 70 percent of global investment going into ventures that seek to enhance the propositions of existing incumbents ...

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04/27/2016 10:39 PM

Why You Never Heard About the Largest Disaster in Maritime History - Priceonomics


Priceonomics

Why You Never Heard About the Largest Disaster in Maritime History
Priceonomics
That's largely because significant damages are rare—affecting only 1% or so of cargo according to the International Union of Marine Insurance. This is the reality that leads companies to source, build, and deliver products all over the world. It also ...

 

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