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National Insurance News

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04/28/2016 11:38 PM

City, FEMA seek deal on flood insurance suspension - Indianapolis Star


Indianapolis Star

City, FEMA seek deal on flood insurance suspension
Indianapolis Star
The city and the Federal Emergency Management Agency were in settlement talks Thursday to lift a suspension of flood insurance policy renewals for Marion County homeowners. The possible deal averted a showdown in U.S. District Court in Indianapolis ...

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04/28/2016 09:18 PM

NJ man admits he stripped his motorcycle for insurance cash. Twice. - NJ.com


NJ.com

NJ man admits he stripped his motorcycle for insurance cash. Twice.
NJ.com
TRENTON — A Woodbridge man admitted Thursday to claiming thieves had stripped his motorcycle for parts when he actually had an auto shop temporarily remove them so he could collect insurance payments. Lew Alicock was caught on his second attempt ...
Woodbridge man pleads guilty to insurance fraudMyCentralJersey.com
Woodbridge Man Admits to Motorcycle Insurance FraudPatch.com

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04/28/2016 02:20 PM

Cyberbullying Insurance Helps Lower the Cost of Repairing Your Reputation - Money Magazine


Money Magazine

Cyberbullying Insurance Helps Lower the Cost of Repairing Your Reputation
Money Magazine
Chubb Ltd recently began offering optional cyber bullying coverage for its homeowners insurance clients. The coverage is included in the company's Family Protection policy, which costs around $70 a year. It covers up to $60,000 in compensation to ...

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04/28/2016 09:30 PM

Auto insurance discounts older drivers may qualify for - kfor.com


kfor.com

Auto insurance discounts older drivers may qualify for
kfor.com
Most auto insurance companies offer policyholders a wide variety of discounts, many of which can benefit retirees. Auto insurers love older drivers because they're experienced behind the wheel and they drive less than younger age groups, which makes ...

 

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04/28/2016 07:14 PM

Clash between Gov. Rick Scott, CFO Jeff Atwater over insurance post goes public Friday - Miami Herald


Miami Herald

Clash between Gov. Rick Scott, CFO Jeff Atwater over insurance post goes public Friday
Miami Herald
A clash of wills between Gov. Rick Scott and Chief Financial Officer Jeff Atwater over choosing Florida's next insurance commissioner threatens to come to a head Friday. Nearly four months after Kevin McCarty announced his resignation as the state's ...
Scott, Atwater can't agree on new insurance commissioner — or old oneMyPalmBeachPost
Squabble over next insurance chief growsFlorida Politics (blog)
Atwater Disputes Scott Over Insurance Chief's ExitWGCU News

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04/28/2016 11:03 PM

Long-term care insurance rate increase under debate - Baltimore Sun (blog)


Baltimore Sun (blog)

Long-term care insurance rate increase under debate
Baltimore Sun (blog)
Senior citizens already paying heavy premiums on their long-term insurance plans strongly urged state regulators on Thursday to oppose any additional rate hikes wanted by insurance carriers. The seniors, who complained about the financial pressures ...
Md. holding public hearing on long-term care insuranceWTOP

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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 ...
Health insurance premiums could jumpThe Charlottesville Newsplex

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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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04/28/2016 05:17 PM

Insurance Regulation Belongs to the 50 States - Wall Street Journal


Insurance Regulation Belongs to the 50 States
Wall Street Journal
The U.S. is home to the world's largest insurance market. It is highly competitive and provides the strongest consumer protections and guarantees. Yet, the state-based insurance system sometimes is overlooked in the frenetic regulatory matrix in ...

 

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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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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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04/08/2016 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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04/28/2016 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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04/05/2016 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 08:05 PM

James T. Morris Joins Edison International and Southern California Edison Boards of Directors - Business Wire (press release)


James T. Morris Joins Edison International and Southern California Edison Boards of Directors
Business Wire (press release)
Morris, 56, is the chairman, president and chief executive officer of Pacific Life Insurance Company, and its parent companies Pacific Mutual Holding Company and Pacific LifeCorp. He has served as president and chief executive officer since 2007 and ...

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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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04/28/2016 06:55 PM

Old Republic International's (ORI) CEO Al Zucaro on Q1 2016 Results - Earnings Call Transcript - Seeking Alpha


Web Breaking News

Old Republic International's (ORI) CEO Al Zucaro on Q1 2016 Results - Earnings Call Transcript
Seeking Alpha
... Vice President and Chief Financial Officer, Craig Smiddy, President of the Old Republic's General Insurance Group; Rande Yeager, Chief Executive Officer of the Old Republic's Title Insurance Company; and Al Zucaro, Chairman and Chief Executive Officer.
Old Republic International Co. (ORI) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPSWeb Breaking News

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