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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 ...
Driverless cars may lead to more crashes, says UK insurance groupFinancial Times
Self-driving cars set to disrupt UK's £14bn motor insurance industryTelegraph.co.uk
Autonomous cars will radically change the auto insurance industryDigital Trends
International Business Times UK -Autocar -Motoring Research
all 21 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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05/02/2016 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.
Health insurance premiums topic of Trenton R-9 Board of Education meetingkttn

all 2 news articles »
 

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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)
Climate change won't hurt the insurance industry – or at least Berkshire Hathaway, Buffett saysInsurance Business America
Berkshire Hathaway earnings rise despite stumbles in insurance, railroadsMarketWatch

all 887 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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05/03/2016 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 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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05/03/2016 06:01 AM

Endsleigh won't refund our insurance policy despite a warning not to travel - The Guardian


The Guardian

Endsleigh won't refund our insurance policy despite a warning not to travel
The Guardian
Endsleigh won't refund our insurance policy despite a warning not to travel. We had booked to volunteer in a Zika virus area, then I found out I was pregnant. No-go areas … but our insurance company would not refund our policy. Photograph: Ha Sa-hun/AP.

 

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05/02/2016 11:23 PM

Taxi industry urges council to demand Uber drivers prove insurance - Toronto Sun


Toronto Sun

Taxi industry urges council to demand Uber drivers prove insurance
Toronto Sun
“Toronto council is going to vote once again on Uber, thinking there is insurance when they have absolutely no way of knowing whether or not any of those UberX drivers have purchased any policy that might cover them,” she said. Smith said when council ...
City should demand UberX drivers prove proper insurance: Taxi industryToronto Star

all 78 news articles »
 

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05/02/2016 07:28 PM

Buyout firms to snatch insurance software provider for $2.7 billion - Business Insurance


Buyout firms to snatch insurance software provider for $2.7 billion
Business Insurance
(Reuters) — Buyout firms Bain Capital L.L.C and Vista Equity Partners Management L.L.C. said on Monday they agreed to acquire Vertafore Inc., in a deal that sources said values the U.S. insurance software provider at about $2.7 billion, including debt.
Insurance software company Vertafore acquired for $2.7B by Bain Capital and Vista EquityGeekWire
Bain Capital and Vista Equity Partners agree to buy insurance tech firm VertaforeFinextra (press release)

all 6 news articles »
 

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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 (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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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 31 news articles »
 

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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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05/02/2016 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

all 36 news articles »
 

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05/03/2016 12:07 PM

Lombard International Appoints New CEO for United States - Marketwired (press release)


Lombard International Appoints New CEO for United States
Marketwired (press release)
Before BNY Mellon, Mr. Gordon was an executive at New York Life Insurance Company, leading investment and insurance product management, sales and marketing functions. The announcement is part of a series of strategic developments for Lombard ...

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05/02/2016 07:45 PM

Raleigh hedge fund manager bets another $4 million on Genworth - Triangle Business Journal


Triangle Business Journal

Raleigh hedge fund manager bets another $4 million on Genworth
Triangle Business Journal
Raleigh hedge fund manager Himanshu Shah is getting increasingly bullish on his investment in the Richmond, Virginia-based insurer Genworth Financial (NYSE: GNW). According to federal securities filings, Shah Capital added 1.54 million shares of ...
Genworth Financial Inc (NYSE:GNW) Shifting Institutional Investors SentimentB.O.D.Y Confidential

all 20 news articles »
 

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05/03/2016 12:10 PM

Bank of America Corp Settles Fraudulent Mortgage-Backed Securities Lending Charges - Bidness ETC


Bidness ETC

Bank of America Corp Settles Fraudulent Mortgage-Backed Securities Lending Charges
Bidness ETC
In the same year, Bank of America also settled charges with insurance giant American International Group (AIG). The bank agreed to pay $650 million to the insurance company to resolve claims over the fraudulent selling of defected MBS products to ...

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