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National Insurance News

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07/28/2016 01:14 PM

Bamboozled: Could your auto insurance policy be a fake? - NJ.com


NJ.com

Bamboozled: Could your auto insurance policy be a fake?
NJ.com
Last month, we took a look at why you should worry if you regularly receive someone else's mail. So when we heard about a car insurance scam linked to mail delivery, we wanted to know more -- even though the scam is thousands of miles away in Scotland.

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07/28/2016 08:27 AM

As Banks Spurn Risk, Insurers Emerge as Financial Supermarkets - Bloomberg


Bloomberg

As Banks Spurn Risk, Insurers Emerge as Financial Supermarkets
Bloomberg
Together with hedge funds, private equity shops and tech startups, insurance companies have joined the ranks of shadow banks -- firms that act like banks without being regulated like them. Lawmakers and regulators have taken notice of the changing ...

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07/28/2016 09:04 AM

Single Mom's Search For Therapist Foiled By Insurance Companies - Kaiser Health News


Kaiser Health News

Single Mom's Search For Therapist Foiled By Insurance Companies
Kaiser Health News
But when she logged onto her insurance website to find a therapist, she realized her copay for a mental health visit was going to be upwards of $75 — more than double her copay for other doctors' appointments. Under a 2008 federal mental health law ...

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07/28/2016 12:00 PM

NBA Enters Health Insurance In Unprecedented Way - Forbes


Forbes

NBA Enters Health Insurance In Unprecedented Way
Forbes
Yesterday, in pioneering fashion, the National Basketball Players Association (NBPA) did something that no North American professional sports organization has ever done. The league's union voted unanimously to provide funding for a health insurance ...
NBA players vote unanimously to fund health insurance coverage for retired playersSB Nation
National Basketball Players Association to fund health insurance for ...ESPN
Players union to fund health insurance for retired NBA playersNBA.com (blog)
New York Daily News -CBSSports.com -Deadspin -NBPA
all 28 news articles »
 

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07/28/2016 01:58 PM

Meet Taikang: The Chinese Insurance Giant That Just Bought a Big Chunk of Sotheby's - Wall Street Journal


Wall Street Journal

Meet Taikang: The Chinese Insurance Giant That Just Bought a Big Chunk of Sotheby's
Wall Street Journal
Now, the Chinese insurance tycoon is going after the original. The $233 million investment by Mr. Chen's Taikang Life Insurance Co., disclosed Wednesday, makes China's No. 5 insurer by sales the biggest shareholder in one of the world's most storied ...

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07/28/2016 01:19 PM

Michigan auto insurance rates go up in October - WZZM13.com


WZZM13.com

Michigan auto insurance rates go up in October
WZZM13.com
LANSING, MICH. - In October, an estimated 2 million Michigan drivers can expect to pay $40 more per vehicle for their auto insurance. Auto insurers blame the rate increase on the removal of an $80 million tax credit from the state's 2016-2017 budget.

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07/28/2016 02:23 PM

US, EU Report on Re/Insurance Covered Agreement Talks - Insurance Journal


Insurance Journal

US, EU Report on Re/Insurance Covered Agreement Talks
Insurance Journal
Representatives of the United States and the European Union met in Brussels this week to continue their joint negotiations for a bilateral agreement on insurance and reinsurance measures. “Both sides continued to discuss in good faith matters relating ...

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07/28/2016 02:01 PM

New Jersey, Allstate Recover Millions in PIP Insurance Fraud Case - Insurance Journal


New Jersey, Allstate Recover Millions in PIP Insurance Fraud Case
Insurance Journal
New Jersey insurance officials said they have recovered $3.5 million in a personal injury insurance fraud case involving chiropractors, physicians, medical facilities, billing companies and others. In a case connected to the same operation, Allstate ...

 

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07/28/2016 04:33 AM

Acentria Insurance Expands Presence in Florida - Insurance Journal


Acentria Insurance Expands Presence in Florida
Insurance Journal
Acentria Insurance is a full-service independent insurance agency who works with several national and regional carriers. The company offers coverage for both individual and businesses. While maintaining a corporate office in Destin, Florida, Acentria ...

 

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07/27/2016 08:42 PM

State recovers $3.5 million in insurance fraud case - MyCentralJersey.com


MyCentralJersey.com

State recovers $3.5 million in insurance fraud case
MyCentralJersey.com
Suit was filed against Gregorio Lajara of Perth Amboy and others, health care practitioners and facilities. Individuals allegedly were involved in scheme to defraud Allstate and other insurance companies. Allstate New Jersey Insurance Company and its ...

 

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International Insurance News

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07/01/2016 05:55 PM

A.M. Best Affirms Ratings of Markel International Insurance Company Limited and Lloyd's Syndicate 3000 - Business Wire (press release)


A.M. Best Affirms Ratings of Markel International Insurance Company Limited and Lloyd's Syndicate 3000
Business Wire (press release)
LONDON--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of Markel International Insurance Company Limited (MIICL) (United Kingdom) and Lloyd's Syndicate 3000 (United ...

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07/25/2016 07:03 AM

Houston International Insurance Group Announces Senior Management Promotions - Insurance Journal


Houston International Insurance Group Announces Senior Management Promotions
Insurance Journal
Houston International Insurance Group (HIIG) announced senior management promotions for its holding company, property/casualty underwriting operations and other business units. Peter Smith has been promoted to president of the holding company and ...

 

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07/01/2016 09:49 PM

A.M. Best Assigns Ratings to Sirius Bermuda Insurance Company Ltd. and Affirms Ratings of Sirius International Group ... - Business Wire (press release)


A.M. Best Assigns Ratings to Sirius Bermuda Insurance Company Ltd. and Affirms Ratings of Sirius International Group ...
Business Wire (press release)
Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of “a” of Sirius International Insurance Corporation (publ) (Sirius International) (Sweden) and its subsidiary, Sirius America Insurance Company (Sirius America) (New York, NY).

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07/22/2016 11:05 AM

Why Form A Captive Insurance Company In Barbados? - Mondaq News Alerts (registration)


Why Form A Captive Insurance Company In Barbados?
Mondaq News Alerts (registration)
Apart from Barbados' reputation as one of the premier holiday destinations in the world and its recognition as being among the top developing nations worldwide, the island has developed and enjoys a reputation as one of the world's leading ...

 

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07/27/2016 05:03 PM

Kotoko sign five-year deal with insurance company Hollard Ghana - GhanaWeb


GhanaWeb

Kotoko sign five-year deal with insurance company Hollard Ghana
GhanaWeb
Hollard Ghana combines its deep local knowledge of the market with the world-class expertise of an international insurance brand. [With their headquarters] in South Africa but [their] feet firmly planted on Ghanaian soil, [they] deliver innovative ...

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07/28/2016 09:48 AM

People News: HIIG, Farmers, Engle Martin - Claims Journal


People News: HIIG, Farmers, Engle Martin
Claims Journal
... Nationwide Mutual Insurance Company. Christ will be tasked with aligning human resources strategy to overall business goals, attracting and retaining talent, developing current and future leaders, and supporting acquisition and international endeavors.

 

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07/27/2016 03:09 PM

Iranian private sector calls for development of international insurance ties - Tehran Times


Tehran Times

Iranian private sector calls for development of international insurance ties
Tehran Times
Underscoring the role of insurance coverage as the developer of business activities, he exemplified the Italian insurance company, SACE, who signed three collaboration agreements with the major Iranian private banks, Bank Pasargad, Bank Parsian and ...

 

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07/11/2016 01:54 PM

Edelweiss gets nod from IRDA to set up insurance company in India - International Business Times, India Edition


International Business Times, India Edition

Edelweiss gets nod from IRDA to set up insurance company in India
International Business Times, India Edition
Edelweiss General Insurance Company (EGIC) cleared the first step in becoming an insurance company in India with the Insurance Regulatory and Development Authority of India (IRDAI) approving its registration application, as disclosed by Edelweiss ...

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07/28/2016 05:04 AM

National Security Cloud Hangs Over Ironshore IPO - Insurance Journal


National Security Cloud Hangs Over Ironshore IPO
Insurance Journal
Chinese acquirers are continuing their buy-and-flip strategy and this time, it's Fosun International's turn. However the question isn't only whether the fundraising will lower the company's debt load, but how easy it will be to sell the asset in the ...

 

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07/28/2016 09:40 AM

Power 100 Women: 70 to 41 - Buffalo Business First


Buffalo Business First

Power 100 Women: 70 to 41
Buffalo Business First
... in nanotechnology and magnetism, Folks holds 14 U.S. patents. She was the 2014 president of the international IEEE Magnetics Society. ... claims operations, coordination of benefits, enrollment and billing. Syracuse joined the insurance company in ...

 

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