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National Insurance News

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05/05/2016 06:58 AM

20 home insurance traps and how to avoid them - Telegraph.co.uk


Telegraph.co.uk

20 home insurance traps and how to avoid them
Telegraph.co.uk
For instance, incorrectly estimate the total amount of insurance needed and you could see a pay out reduced even if it's well within your coverage limit. Here Telegraph Money takes you through the must-know home insurance points that will ensure your ...

 

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05/04/2016 10:35 PM

Pet insurance: Is it worth the cost? - WNDU-TV


WNDU-TV

Pet insurance: Is it worth the cost?
WNDU-TV
Consumer Reports estimates fewer than one percent of pets in the U.S. and Canada were insured at the end of 2014, but that trend is changing. So is it worth it? Our pooches come in all shapes, sizes and colors. Some are mutts and some are pure bred.

 

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05/05/2016 05:38 AM

HDFC Said to Pick Banks for $400 Million IPO of Insurance Unit - Bloomberg


HDFC Said to Pick Banks for $400 Million IPO of Insurance Unit
Bloomberg
HDFC last year sold a 0.95 percent stake in the insurance unit to PremjiInvest, a fund set up by Indian outsourcing billionaire Azim Premji, in a deal that valued the insurer at about 209.5 billion rupees, data compiled by Bloomberg show. Edinburgh ...

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05/04/2016 11:43 PM

Insurance coverage for autism treatment becomes law in Oklahoma - Tulsa World


KTUL

Insurance coverage for autism treatment becomes law in Oklahoma
Tulsa World
Jason Nelson, R-Oklahoma City, mandates that insurance policies issued in the state provide coverage for the screening, diagnosis and treatment of autism spectrum disorder for children younger than 9 or for up to six years for children diagnosed after ...
Oklahoma governor signs autism insurance measure, 6 othersWashington Times

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05/04/2016 10:23 PM

NC insurance commissioner: Blue Cross likely to be fined 'millions' for IT woes - Charlotte Observer


Charlotte Observer

NC insurance commissioner: Blue Cross likely to be fined 'millions' for IT woes
Charlotte Observer
North Carolina's insurance commissioner expects to issue a fine against Blue Cross and Blue Shield “in the millions of dollars” for ongoing technology problems that have botched coverage, billing and payments for thousands of customers and doctors in ...

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05/04/2016 11:55 AM

What is cyber insurance and why you need it - CIO


CIO

What is cyber insurance and why you need it
CIO
A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach ...

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05/04/2016 06:43 PM

Looking for an alternative to long-term-care insurance? - MarketWatch


MarketWatch

Looking for an alternative to long-term-care insurance?
MarketWatch
Unfortunately, Medicare and most Medigap health-insurance policies don't cover nursing-home care. So the default is Medicaid for those who reach poverty levels. I've seen some examples of such poor Medicaid assistance they can't help but make you cry, ...

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05/04/2016 07:35 PM

Bermuda Insurance Institute to give Stephen Catlin lifetime achievement award - Business Insurance


Business Insurance

Bermuda Insurance Institute to give Stephen Catlin lifetime achievement award
Business Insurance
Stephen Catlin is on tap to receive the Bermuda Insurance Institute's lifetime achievement award as one of the winners of the 2015 Insurance Industry Awards. The awards honor “exceptional companies and individuals whose contributions to the (re ...

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05/04/2016 08:43 PM

Former insurance agent charged in decade-long alleged - Kern Golden Empire


Kern Golden Empire

Former insurance agent charged in decade-long alleged
Kern Golden Empire
A former Bakersfield insurance agent has been formally charged with felony insurance fraud. Valerie Ann Verdugo, 38, is accused of obtaining insurance coverage without paying the carrier on those policies for more than 10 years. "Verdugo allegedly used ...
Valerie Ann Verdugo allegedly embezzled from insurance accounts for a decadeKERO 23ABC News
Former Bakersfield insurance agent charged with fraudBakersfield Now
Bakersfield insurance agent to be arraigned on grand theft, embezzlement chargesThe Bakersfield Californian

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05/05/2016 01:30 AM

Humana weighs exit from health-insurance marketplaces in some states - azcentral.com


azcentral.com

Humana weighs exit from health-insurance marketplaces in some states
azcentral.com
Humana Inc. may become the latest health-insurance company to exit Affordable Care Act insurance exchanges in some states next year as it seeks to curb financial losses. Humana officials said Wednesday that the insurer will evaluate each state and ...
Humana might exit some states' insurance exchanges next yearLouisville Business First
Humana weighs limiting public exchange offerings; merger costs hit bottom lineBusiness Insurance

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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


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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05/04/2016 08:31 PM

ERISA pre-empts breach of contract lawsuit against Reliance Standard Insurance Company, IBEW - The Pennsylvania Record


The Pennsylvania Record

ERISA pre-empts breach of contract lawsuit against Reliance Standard Insurance Company, IBEW
The Pennsylvania Record
PHILADELPHIA -- A federal court has dismissed a lawsuit alleging breach of contract and breach of fiduciary duty filed against Reliance Standard Life Insurance Company, the International Brotherhood of Electrical Workers (IBEW) Local 380 and the Union ...

 

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05/05/2016 04:54 AM

Foreign Investors in Fizzled Development at Wit's End - ABC News


Foreign Investors in Fizzled Development at Wit's End
ABC News
Antonius Van Usen, of Utrecht, the Netherlands, said he had several options, including a life insurance company in Seattle and other commercial ventures, but chose to invest in the Jay Peak hotel and water park in 2008 because the Vermont government ...

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05/05/2016 04:21 AM

Palo Alto: Lot where ex-city manager's house burned has sold - San Jose Mercury News


Palo Alto: Lot where ex-city manager's house burned has sold
San Jose Mercury News
Dreyfus Sotheby's International Realty received three offers for the 5,250-square-foot lot at 2257 Bryant St. The escrow closed on ... Benest's share was about $1.2 million from the lot sale and about $205,144 from the insurance company. The State Farm ...

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05/04/2016 07:00 PM

IBM and Cisco Have the Same Security Strategy - Motley Fool


Motley Fool

IBM and Cisco Have the Same Security Strategy
Motley Fool
The Wall Street Journal estimated that cybercrime costs in the U.S. totaled $100 billion in 2013, and British insurance company Lloyd's put the global figure at $400 billion in 2015. Juniper Research expects global cybercrime costs to balloon to over ...

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05/04/2016 11:05 PM

Jon Stewart, Stephen Colbert and Social Justice Films at the Montclair Film Festival - Huffington Post


Jon Stewart, Stephen Colbert and Social Justice Films at the Montclair Film Festival
Huffington Post
This new documentary feature film on the life and music of Sharon Jones and the Dap Kings debuted at the prestigious Toronto International Film Festival. Directed by two-time Academy Award winner Barbara Kopple film will close Festival film and ...

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05/04/2016 02:17 PM

Term Sheet -- Wednesday, May 4 - Fortune


Term Sheet -- Wednesday, May 4
Fortune
Prior to joining the firm, Quinn was a group VP for Baxter International. A memorial service will be held at First Presbyterian Church of Lake Forest tomorrow at 1pm. His family asks that, ... lender to buyers of manufactured homes. No financial terms ...

 

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05/04/2016 01:53 PM

E-signature application saves insurer time and money - TechTarget


E-signature application saves insurer time and money
TechTarget
After implementing an e-signature application from Adobe roughly two years ago, the international insurance company saw those turnaround times go from nearly three weeks to about 90 minutes. "That's a huge change -- not only for us internally, but for ...

 

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