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National Insurance News

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09/29/2016 03:50 PM

Insurance May Be Dropped for Properties That Repeatedly Flood - Scientific American


Scientific American

Insurance May Be Dropped for Properties That Repeatedly Flood
Scientific American
Congress is taking aim at how communities address some of the most troublesome properties that require repeated federal flood insurance payouts under the National Flood Insurance Program. Bipartisan legislation introduced yesterday would force ...

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09/29/2016 11:59 AM

Insurance industry sees drones taking claims work to new heights - Marketplace.org


Marketplace.org

Insurance industry sees drones taking claims work to new heights
Marketplace.org
“It will be something that — most field people will have a drone in their trunk or their back pocket,” said Jay Jablonski with Hartford Steam Boiler, an insurance company that among other things, not surprisingly, covers steam boilers — sometimes ...

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09/29/2016 01:02 PM

Is your workplace life insurance enough? - Reuters


Reuters

Is your workplace life insurance enough?
Reuters
But be sure to pay careful attention to your life insurance options when you fill out your annual enrollment forms. That is because the typical U.S. company usually only offers one- to three-times salary as a life insurance benefit at no cost to ...

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09/29/2016 10:33 AM

600000 Veterans May Go Without Health Insurance Next Year: Report - NBCNews.com


NBCNews.com

600000 Veterans May Go Without Health Insurance Next Year: Report
NBCNews.com
More than 600,000 veterans will go without health insurance next year unless 19 states stop holding out against expanding Medicaid, researchers said Wednesday. Even with Medicaid expansion, hundreds of thousands of vets are going to go without a way ...

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09/29/2016 10:11 PM

City OKs health insurance payout of nearly $1M - Fond du Lac Reporter


Fond du Lac Reporter

City OKs health insurance payout of nearly $1M
Fond du Lac Reporter
FOND DU LAC - The Fond du Lac City Council voted Wednesday night to buy out a staff pension program with nearly $1 million in city funds, despite a motion to explore giving staffers more money. The move dedicates $15,000 for 66 city staffers upon ...

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09/29/2016 03:59 AM

Not All Captive Insurance Risk Pools Are Created Equally - Forbes


Not All Captive Insurance Risk Pools Are Created Equally
Forbes
A “risk pool” is a device used by captive insurance companies to pool their risk with other, like captives, so as to attempt to meet the IRS's so-called “50% third-party insurance” test for risk distribution. The risk pool itself is usually an ...

 

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09/28/2016 07:50 AM

Is Online Insurance China's Next Big Money Maker? - Forbes


Forbes

Is Online Insurance China's Next Big Money Maker?
Forbes
China's technology scene has been making headlines since innovation became one of the government's main priorities in 2013. The latest news stories have focused on its social media “super” apps, such as WeChat, and its developments in electric vehicles.

 

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09/29/2016 10:20 PM

Will You Need Auto Insurance for a Self-Driving Car? - NJTV News


NJTV News

Will You Need Auto Insurance for a Self-Driving Car?
NJTV News
While engineers are testing and tweaking Teslas and other automakers' self-driving and fully driverless vehicles, the conversation over insurance is revving up. There's a growing consensus that autonomous cars will drive down roadway fatalities, that ...

 

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09/29/2016 10:08 PM

KU taking away health insurance subsidy for graduate students - Lawrence Journal World


KU taking away health insurance subsidy for graduate students
Lawrence Journal World
The University is Kansas is taking away health insurance subsidies for graduate student employees, the students learned this week. Because of a recent federal ruling, as of next summer KU will no longer be allowed to offer a subsidy for health plans, ...

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09/29/2016 03:57 PM

Was your car caught in Detroit's floods? Here are some insurance tips - Detroit Free Press


Detroit Free Press

Was your car caught in Detroit's floods? Here are some insurance tips
Detroit Free Press
Editor's note: This story originally published Aug. 13, 2014. In the wake of flooding, Michigan homeowners and drivers should tap into some tips from insurance professionals. If your car was stranded in water, AAA Michigan suggests you call the claim ...

 

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International Insurance News

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09/29/2016 09:07 PM

A.M. Best Upgrades Credit Ratings of Mutual Trust Life Insurance Company, a Pan-American Life Insurance Group ... - Yahoo Finance


A.M. Best Upgrades Credit Ratings of Mutual Trust Life Insurance Company, a Pan-American Life Insurance Group ...
Yahoo Finance
A.M. Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “a-” of Mutual Trust Life Insurance Company, a Pan-American Life Insurance Group Stock ...

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09/23/2016 07:32 PM

Chubb Names Graham Fulcher Chief Actuary of its International General Insurance Business - PR Newswire (press release)


Chubb Names Graham Fulcher Chief Actuary of its International General Insurance Business
PR Newswire (press release)
23, 2016 /PRNewswire/ -- Chubb today announced that Graham Fulcher has been appointed Chief Actuary for Overseas General Insurance, the company's international general insurance business. He succeeds Michael Kessler, who was recently appointed Vice ...

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09/27/2016 12:12 PM

SEC Watch Reporter: Manufacturers Life Insurance Company The Cut Its Stake in Royal Bk Cda Montreal Que (RY) by ... - Chester News


SEC Watch Reporter: Manufacturers Life Insurance Company The Cut Its Stake in Royal Bk Cda Montreal Que (RY) by ...
Chester News
Manufacturers Life Insurance Company The who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be less bullish one the $90.16 billion market cap company. ... Cards and Payment Solutions (Canadian Banking), Caribbean and ...

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09/29/2016 08:46 PM

FASB Proposes Changing Standards for Insurance Contracts - Accounting Today


FASB Proposes Changing Standards for Insurance Contracts
Accounting Today
The new standard would also eliminate the use of an asset rate (that is, an insurance company's expected investment yield) to discount liability cash flows. Instead it would require cash flows to be discounted at a high-quality fixed-income instrument ...

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09/29/2016 10:31 PM

Snow Plow Drivers Train at Mitchell International Airport - WDJT


WDJT

Snow Plow Drivers Train at Mitchell International Airport
WDJT
Local DPW crews are brushing up on their plowing skills as Milwaukee County readies drivers for their upcoming winter calls. The county's insurance company is hosting a training and education program at Mitchell International Airport. They call it a ...

 

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09/27/2016 01:06 AM

Dubai regulator fines insurer for sales outside permitted zone - International Adviser


International Adviser

Dubai regulator fines insurer for sales outside permitted zone
International Adviser
The Dubai Financial Services Authority (DFSA) has cracked down on an international insurance company based in the DIFC for selling products to customers outside the centre. Print · Dubai regulator fines insurer for sales outside permitted zone ...

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09/29/2016 10:01 PM

RIA Federal Credit Union celebrating International Credit Union Day all month - Quad-Cities Online


Quad-Cities Online

RIA Federal Credit Union celebrating International Credit Union Day all month
Quad-Cities Online
BETTENDORF — R.I.A. Federal Credit Union is celebrating International Credit Union Day into a whole month. During October, R.I.A. Federal Credit Union will award $500 to one new member and one current member. It also plans to raise money for United ...

 

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09/29/2016 05:19 AM

ICICI Prudential Life Insurance Company slips on debut - Business Standard


Business Today

ICICI Prudential Life Insurance Company slips on debut
Business Standard
ICICI Prudential is a joint venture between ICICI Bank and Prudential Corporation Holdings, a part of the Prudential Group, an international financial services group. The company is one of the first private sector life insurance companies in India. It ...
Nifty, Midcap remain higher; ICICI Prudential lists at Rs 329Moneycontrol.com

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09/29/2016 09:11 AM

Fitch: Excess/Surplus Insurance Lines Expected to Outperform Standard Market - Claims Journal


Fitch: Excess/Surplus Insurance Lines Expected to Outperform Standard Market
Claims Journal
... 2011-2015 period include Alleghany Group; QBE North America; and Travelers Companies, Inc. Insurers with the worst and most volatile results are American International Group, Inc.; Fairfax Financial Holdings, Ltd.; and State National Insurance ...

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09/29/2016 08:11 PM

MICROCAPITAL BRIEF: BlueOrchard Launches $120m Japan ASEAN Women Empowerment Fund to Invest in ... - MicroCapital


MICROCAPITAL BRIEF: BlueOrchard Launches $120m Japan ASEAN Women Empowerment Fund to Invest in ...
MicroCapital
... include the Japanese government's Japan International Cooperation Agency (JICA), the government-backed Japan Bank for International Cooperation (JBIC) and Japan's Sumitomo Life Insurance Company. While the size of Sumitomo's commitment has ...

 

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