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National Insurance News

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05/03/2016 05:00 AM

Driverless cars to dent insurance industry, warns Volvo chief - The Guardian


The Guardian

Driverless cars to dent insurance industry, warns Volvo chief
The Guardian
“Volvo believes the insurance industry will have no choice but to react to these seismic challenges to its existing business model by fundamentally restructuring – or face competition from new entrants into its market from technology-savvy disrupting ...
Self-driving cars set to disrupt UK's £14bn motor insurance industryTelegraph.co.uk
Autonomous cars will radically change the auto insurance industryDigital Trends
Self-driving cars to affect UK motor insurance industry, warns Volvo chiefInternational Business Times UK

all 22 news articles »
 

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05/03/2016 07:22 AM

'My pet insurance premiums have already risen 233pc - with more to come. This is what I'll do...' - Telegraph.co.uk


Telegraph.co.uk

'My pet insurance premiums have already risen 233pc - with more to come. This is what I'll do...'
Telegraph.co.uk
Was I wrong to cancel his insurance? The renewal notice last summer took his premiums up from £23 to £30 a month. Once, they cost just £9. By comparison, my wife and I pay £25 a month to insure both of our lives. Can I really justify spending more on ...

 

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05/03/2016 01:49 PM

Commercial Auto Insurance Remains a Loser on the Whole: Fitch - Insurance Journal


Commercial Auto Insurance Remains a Loser on the Whole: Fitch
Insurance Journal
While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the fifth consecutive year in 2015. In short, U.S. commercial auto ...

 

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05/03/2016 05:45 AM

Driverless cars may lead to more crashes, says UK insurance group - Financial Times


Financial Times

Driverless cars may lead to more crashes, says UK insurance group
Financial Times
Driverless car technology may give consumers a “false sense of security” that leads to an increase in the number of accidents in the short term, a leading insurance trade body has cautioned. The warning from the Association of British Insurers goes ...
UK insurance industry boss casts doubts over autonomous vehiclesAutocar

all 7 news articles »
 

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05/02/2016 08:01 PM

Insurance brokerage is broken - TechCrunch


TechCrunch

Insurance brokerage is broken
TechCrunch
I've worked on a number of projects over the past year as an MBA Associate with the General Catalyst team. One of my principal areas of focus has been a deep dive into the emerging field of insurance technology startups, piggybacking GC's early work in ...

 

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05/02/2016 02:17 PM

Warren Buffett says that self-driving cars will be bad for insurance companies - The Verge


The Verge

Warren Buffett says that self-driving cars will be bad for insurance companies
The Verge
Anything that makes cars safer is very pro-social, and it's bad for the auto insurance industry. But nevertheless, the auto insurance industry has always worked on making cars safer. I mean, they've led the way on things like seat belts and all that ...
Warren Buffett: Self-driving cars will upend car insuranceAutoblog (blog)
Berkshire Hathaway earnings rise despite stumbles in insurance, railroadsMarketWatch

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05/03/2016 10:48 AM

Insurance companies adding staff for Fort Smith hail claims - Times Record


Times Record

Insurance companies adding staff for Fort Smith hail claims
Times Record
Extra insurance agents are being called into the Fort Smith area this week to pick up some slack on the hail storm that hit the area Friday. Homes, cars and gardens in Fort Smith and parts of Crawford County were pummelled with golf ball-sized hail ...

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05/02/2016 07:48 PM

Blue Cross to stop accepting credit cards for insurance payments - Chicago Tribune


Chicago Tribune

Blue Cross to stop accepting credit cards for insurance payments
Chicago Tribune
Starting June 1, the Chicago-based health insurer will no longer accept credit cards as a form of payment for members who buy their own health insurance on or off the Illinois marketplace. The company began notifying customers of the change last month.

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05/03/2016 12:36 AM

Central Basin must wait to get its insurance back after JPIA puts off decision - The Whittier Daily News


Central Basin must wait to get its insurance back after JPIA puts off decision
The Whittier Daily News
COMMERCE >> Central Basin Municipal Water District will have to wait until at least December before it can get insurance from a regional joint powers authority that had cancelled the district's policy two years ago. A slim majority of board of ...

 

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05/03/2016 01:36 PM

Metro ensures clients have insurance advocates - Mercer Space


Mercer Space

Metro ensures clients have insurance advocates
Mercer Space
You call your insurance company expecting they will honor your policy and cover all expenses once you have met your deductible. The insurance company sends out an insurance adjuster and determines you are owed only a fraction of your expenses, ...

 

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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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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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05/02/2016 07:13 PM

American International Group Inc (AIG): Offloading Holdings in China - Business Finance News


Business Finance News

American International Group Inc (AIG): Offloading Holdings in China
Business Finance News
On Saturday, American International Group Inc. (NYSE:AIG) offered around $1.2 billion worth of shares for sale in People's Insurance Company of China Property and Casualty Co Ltd (PICC P&C) in a report by IFR, according to Reuters. Before the stock ...
AIG Sells Shares in Chinese Insurance Company: ReportCRIENGLISH.com
AIG to Sell Stake in Chinese Insurance Company PICC P&C: ReportChinaTopix

all 33 news articles »
 

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05/03/2016 02:38 PM

Financial Services Market Daily: UBS Group, American International Group, HSBC Holdings - Bidness ETC


Bidness ETC

Financial Services Market Daily: UBS Group, American International Group, HSBC Holdings
Bidness ETC
American International Group Inc. (NYSE:AIG) reported its third straight quarterly loss for 1QFY16. Results were largely hurt by losses in hedge fund and other investments. The insurance company recorded a net loss of $183 million for the reporting ...

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05/03/2016 12:57 PM

Certified tobacco cessation specialist helps people butt out - International Falls Journal


Certified tobacco cessation specialist helps people butt out
International Falls Journal
Quitting smoking is one of the best things you can do for your health, but it's also one of the hardest. To help smokers in their quest to quit, the Essentia Health-International Falls Clinic is now offering a new tobacco cessation program. The program ...

 

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05/02/2016 07:34 PM

American International Group, Inc. (NYSE:AIG) Expected to Report $0.99 - Franklin Independent


American International Group, Inc. (NYSE:AIG) Expected to Report $0.99
Franklin Independent
American International Group, Inc. (NYSE:AIG) currently has an ABR of 2.17 heading into today's announcement. This number is also based on the 7 sell-side firms polled by Zacks. American International Group, Inc. (AIG) is a global insurance company.

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05/03/2016 12:53 PM

Duke Energy (DUK) Meets Q1 Earnings Estimates, View Same - Zacks.com


Wall Street Journal

Duke Energy (DUK) Meets Q1 Earnings Estimates, View Same
Zacks.com
Duke Energy Corporation (DUK - Analyst Report) reported first-quarter 2016 adjusted earnings of $1.13 per share that came in line with the Zacks Consensus Estimate. Quarterly earnings, however, decreased by 8.9% year over year owing to milder winter ...
Duke Energy reports first quarter 2016 adjusted earningsPR Newswire (press release)

all 31 news articles »
 

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05/02/2016 09:38 PM

Insurance titan American International Group posts lower than expected profits for third consecutive quarter - City A.M.


City A.M.

Insurance titan American International Group posts lower than expected profits for third consecutive quarter
City A.M.
US insurance titan American International Group (AIG) reported a lower-than-expected quarterly operating profit in the third consecutive quarter to fall below analysts' estimates. AIG's profits suffered as income from underwriting and returns on ...
American International Group Inc (AIG) Releases Earnings Results, Misses Expectations By $-0.35 EPSMarket Digest
Why These Stocks Are in Spotlight Today?Insider Monkey (blog)

all 42 news articles »
 

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