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National Insurance News

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07/01/2015 08:21 PM

Tech Upended Banks and Stock Trading. Insurance Is Next - Wired


Wired

Tech Upended Banks and Stock Trading. Insurance Is Next
Wired
The World Economic Forum released a report this week examining how fintech startups—the venture-backed upstarts out to reinvent financial services—are changing the finance industry. Sounds like a cure for insomnia, right? Not for the global financial ...

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07/01/2015 08:53 PM

California Forces Uber and Its Rivals to Bolster Insurance - Wired


Wired

California Forces Uber and Its Rivals to Bolster Insurance
Wired
Starting today, California's strict new insurance rules for Uber and its ride-hailing rivals take effect. The law, passed close to a year ago, aims to clear up the ambiguity around when drivers are truly on the roads working versus just driving around ...
New California law provides insurance coverage to ride-share drivers during ...abc7news.com
Bill Allowing Uber to Stay in South Carolina is Officially LawInsurance Journal
Everything you need to know about California's new rideshare insurance lawPropertyCasualty360
FOX40 -Techwire.net -Capital Public Radio News
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07/01/2015 06:32 PM

New Laws Push Uber And Lyft To Bump Up Insurance Coverage, But A Collision ... - Forbes


Forbes

New Laws Push Uber And Lyft To Bump Up Insurance Coverage, But A Collision ...
Forbes
In response to new laws going into effect in 19 states Wednesday, Uber and Lyft both recently bumped up their liability insurance coverage to primary — meaning it steps in first, before other policies — for that on-duty-but-unmatched period, a no-man ...

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07/02/2015 04:23 PM

Gov. Bentley appoints work group to study coastal insurance - AL.com


Gov. Bentley appoints work group to study coastal insurance
AL.com
In the last five years, a number of laws and regulations have been put into place aimed at deciphering the insurance rate-setting process, creating opportunities to mitigate against potential storm damage and study insurance and the creation of a ...

 

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07/02/2015 12:19 PM

Insurance acquisition: Centene buying Health Net - USA TODAY


USA TODAY

Insurance acquisition: Centene buying Health Net
USA TODAY
The consolidation steamboat that's charging its way through the health care insurance industry added another target as St. Louis-based Centene Corp. agreed to acquire Los Angeles-based Health Net in a deal valued at $6.8 billion. The companies said ...
Health-Insurance Deal Making: It's Not Just for the Biggest PlayersWall Street Journal (blog)
US health insurance deal action as Centene buys Health Net, Athem and Cigna ...DIGITALLOOK
UPDATE 3-Health insurer Centene adds muscle with $6.3 bln Health Net dealReuters
CFO
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07/01/2015 04:46 PM

Why Chubb's $28.3 Billion Takeover May Fuel More Insurance Deals - TheStreet.com


TheStreet.com

Why Chubb's $28.3 Billion Takeover May Fuel More Insurance Deals
TheStreet.com
The takeover of Chubb, which offers both business and consumer products including home and auto insurance, is the latest in a long line of ACE purchases as CEO Evan Greenberg, the son of legendary former AIG (AIG) CEO Hank Greenberg, focuses on ...
ACE buys upmarket Chubb in biggest ever insurance takeoverReuters
Insurance ETFs Jump as ACE Agrees to Buy Chubb - ETF News And CommentaryNasdaq
Ace Buying Chubb, Deal to Create Insurance GiantABC News
Zacks.com -Wall Street Journal -Business Insider
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07/02/2015 12:42 AM

Insurance for Olympics won't cover every risk - Boston Globe


Boston Globe

Insurance for Olympics won't cover every risk
Boston Globe
The goal is to create a web of insurance policies to cover nearly every possible cause for a cost overrun and to protect taxpayers from having to pick up the bill. The policies, likely spread among dozens of insurers, would make the Boston Olympics the ...
Boston's Olympics promise to pay $128mn in insurance not enough, experts sayInsurance Business America
Boston's Revised 2024 Olympics Bid Promises 'Most Insured Games in History'Insurance Journal

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07/02/2015 04:54 PM

Ohio law change will cost insurance companies in many injury cases - cleveland.com


cleveland.com

Ohio law change will cost insurance companies in many injury cases
cleveland.com
Gov. John Kasich signs the new budget bill Tuesday night. Kasich kept budget language that changes how much money insurance companies can collect in certain injury cases, though he vetoed two other proposed changes to the state's subrogation law.

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07/02/2015 03:29 PM

Jeffrey Webber's Cayman Insurance Shelter Nixed By Tax Court - Forbes


Jeffrey Webber's Cayman Insurance Shelter Nixed By Tax Court
Forbes
Mr. Webber established a grantor trust that purchased “private placement” variable life insurance policies insuring the lives of two elderly relatives (That's the ghoulish part). The premiums paid to Lighthouse Capital Insurance Co. (Cayman Islands ...

 

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07/02/2015 06:44 PM

Farmers Insurance will refund millions for overcharges under court ruling - Dallas Morning News (blog)


Farmers Insurance will refund millions for overcharges under court ruling
Dallas Morning News (blog)
AUSTIN – A proposed settlement between Farmers Insurance and the state that would resolve a long-running lawsuit alleging massive overcharges by the company in its homeowners policies more than a dozen years ago was tentatively approved by a state ...

 

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International Insurance News

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07/02/2015 01:06 PM

AM Best Affirms Ratings of International General Insurance Holdings Limited ... - MarketWatch


AM Best Affirms Ratings of International General Insurance Holdings Limited ...
MarketWatch
LONDON, Jul 02, 2015 (BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) “a-” of International General Insurance Company Limited (IGI) (Bermuda) and International General ...

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06/26/2015 08:03 PM

Meadowbrook Insurance Group, Inc. Announces California Department of ... - MarketWatch


Meadowbrook Insurance Group, Inc. Announces California Department of ...
MarketWatch
... -0.12% ("Meadowbrook") announces that on June 25, 2015, Fosun International Limited has received the required approval from the California Department of Insurance regarding the acquisition of control of Meadowbrook's insurance company subsidiaries ...

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07/02/2015 10:29 AM

Analyst Price Target Update on American International Group, Inc. - Insider Trading Report


OctaFinance.com

Analyst Price Target Update on American International Group, Inc.
Insider Trading Report
The 50-Day Moving Average price is $60.50 and the 200 Day Moving Average price is recorded at $56.19. American International Group, Inc. (AIG) is a global insurance company. The Company provides a range of property casualty insurance, life insurance, ...
American International Group Receives $64.18 Consensus PT from Brokerages ...sleekmoney
Value Stock Watch: American International Group, Inc. (NYSE:AIG)Enterprise Leader
Large Outflow of Money Witnessed in American International Group, Inc.News Watch International

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06/12/2015 12:38 PM

Navigators Group (NAVG) Makes Two Changes to International Insurance ... - StreetInsider.com


Navigators Group (NAVG) Makes Two Changes to International Insurance ...
StreetInsider.com
He will continue to work closely with Bach, Hennessy and Sprott in developing the Company's international strategy and platform, including plans for the formation of Navigators International Insurance Company. Stan Galanski, President and CEO of The ...
International insurer promotes executivesBusiness Insurance

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06/10/2015 08:43 AM

Tokio Marine of Japan Agrees to Acquire HCC Insurance for $7.5 Billion - New York Times


New York Times

Tokio Marine of Japan Agrees to Acquire HCC Insurance for $7.5 Billion
New York Times
And over the past few years, Nippon Life Insurance Company, Dai-ichi and Sumitomo Life Insurance Company have each taken stakes in several Indonesian insurers in hopes of tapping the rapidly expanding Southeast Asian market. ... “With Tokio Marine, HCC ...
Tokio Marine to buy HCC Insurance for $7.5BUSA TODAY
Tokio Marine Holdings agrees to acquire HCC Insurance Holdings for $7.5 bndomain-B
Oxford Industries and HCC are big market moversSTLtoday.com

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06/29/2015 08:16 AM

Company Shares of United Insurance Holdings Corp. Rally 3.52% - News Watch International


Company Shares of United Insurance Holdings Corp. Rally 3.52%
News Watch International
Its business is conducted principally through four wholly-owned subsidiaries, including United Property and Casualty Insurance Company (UPC), which writes insurance policies; United Insurance Management, L.C. (UIM), the managing general agent that ...
Company Shares of The Travelers Companies, Inc. Drops by -1.54%Insider Trading Report

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07/01/2015 08:03 PM

Meadowbrook Insurance Group, Inc. Announces Ohio Department of Insurance ... - MarketWatch


Meadowbrook Insurance Group, Inc. Announces Ohio Department of Insurance ...
MarketWatch
... Inc. MIG, +0.23% ("Meadowbrook") announces that on July 1, 2015, Fosun International Limited has received the required approval from the Ohio Department of Insurance regarding the acquisition of control of Meadowbrook's insurance company subsidiary ...

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07/01/2015 06:19 PM

Recent Competition Commission developments - International Law Office (registration)


Recent Competition Commission developments
International Law Office (registration)
Section 166(3) of the Insurance Ordinance provides that all insurance business that relates to public property, or to any risk or liability regarding public property, will be conducted with the National Insurance Company Limited only and not with any ...

 

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07/02/2015 07:38 AM

Willis Group, Towers Watson Agree to $18 Billion Merger - Insurance Journal


Insurance Journal

Willis Group, Towers Watson Agree to $18 Billion Merger
Insurance Journal
Global reinsurance and insurance broker Willis Group Holdings and professional services and analytics firm Towers Watson have agreed to an all-stock merger of equals valued at $18 billion. Upon completion of the merger, Willis shareholders will own ...
Willis Group buying Towers Watson in $18B dealHilton Head Island Packet
Willis, Towers Watson to merge into $18 billion companyIFAwebnews.com

all 237 news articles »
 

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07/01/2015 02:35 PM

Life Insurance Stock Prices And Higher Interest Rates - Seeking Alpha


Life Insurance Stock Prices And Higher Interest Rates
Seeking Alpha
We begin by computing the simple correlations between Treasury yields and insurance company stock prices. Readers who are interested in a more complex analysis are referred to the Technical Notes section below. We measure how many of the ...

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