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National Insurance News

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12/18/2014 09:28 PM

Insurance may not cover Sony's $100 million 'Interview' loss - New York Post


New York Post

Insurance may not cover Sony's $100 million 'Interview' loss
New York Post
Despite the cyber-terrorist hackers' threats of violence at theaters that showed the Seth Rogen and James Franco comedy, it would be hard to cash in on an insurance policy on terrorism claims, according to insurance consultant Eric Moody. The term “act ...
"The Interview" may turn into an insurance mess for SonyCBS News
Breach insurance might not cover losses at Sony PicturesCSO Online
US blames N.Korea for Sony cyber attack, vows 'consequences'Business Insurance

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12/18/2014 06:10 PM

Rideshare Drivers Still Cornered Into Insurance Secrecy - Forbes


Forbes

Rideshare Drivers Still Cornered Into Insurance Secrecy
Forbes
Even though insurance coverage for UberX and Lyft drivers has greatly improved over the last year, many drivers are still confused by mixed messages about when and what to tell their personal insurance providers. When Sarah, a Lyft driver from Los ...

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12/18/2014 08:08 PM

Insurance Fairness for Transgender People - New York Times


Insurance Fairness for Transgender People
New York Times
New York law requires insurance policies sold in the state to cover the diagnosis and treatment of psychological disorders. In a letter sent to insurance companies, Mr. Cuomo said insurers will no longer be allowed to exclude from that coverage hormone ...

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12/19/2014 09:00 AM

5 Bay Area insurance brokers used fake applications to defraud company ... - San Jose Mercury News


San Jose Mercury News

5 Bay Area insurance brokers used fake applications to defraud company ...
San Jose Mercury News
As part of the scheme, the suspects allegedly created phony driver's licenses and took medical exams pretending to be life insurance applicants. They also opened hundreds of bank accounts to fund the premiums on the fraudulent policies and briefly paid ...

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12/19/2014 09:51 AM

State rejects proposed homeowners insurance increases - WRAL.com


WRAL.com

State rejects proposed homeowners insurance increases
WRAL.com
“The rates I have ordered are the result of the most thorough inspection of North Carolina homeowners insurance rates in more than 20 years,” Goodwin said in a statement. “After considering all of the evidence and data available, I have determined that ...
Insurance Commissioner denies home insurance rate hike requestWITN
Goodwin says no to insurance rate hikeRichmond County Daily Journal
North Carolina Couple Charged with Insurance FaudInsurance Journal

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12/19/2014 06:47 AM

Senate fails to extend Terrorism Risk Insurance Act - The Real Deal Magazine (blog)


The Real Deal Magazine (blog)

Senate fails to extend Terrorism Risk Insurance Act
The Real Deal Magazine (blog)
The Terrorism Risk Insurance Act is currently set to expire on December 31, after the Senate was unable to pass an extension Tuesday night. The act provides a backstop for property insurers in case of a terrorist attack and is widely supported by the ...
Congressional Roadblock Upends Market for Terrorism InsuranceNew York Times
Terrorism insurance in jeopardy as Senate wraps upUSA TODAY
Terrorism insurance program set to expire after bill blocked in SenateFox News
PropertyCasualty360 -International Business Times -Wall Street Journal
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12/19/2014 03:09 PM

20 arrested in insurance fraud sweep; 2 fugitives still at large (MUGSHOTS) - WPXI Pittsburgh


WFMZ Allentown

20 arrested in insurance fraud sweep; 2 fugitives still at large (MUGSHOTS)
WPXI Pittsburgh
Attorney General Kathleen Kane announced the arrest of 20 Pennsylvanians for a variety of unrelated insurance fraud offenses that are among some of the most commonly committed crimes. The recent sweep is the result of investigations by the Office of ...
20 arrested in statewide insurance fraud sweep; 2 fugitives still at largeWFMZ Allentown

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12/19/2014 12:59 PM

Surprised US lobbyists push quick 2015 terrorism insurance renewal - Reuters


Surprised US lobbyists push quick 2015 terrorism insurance renewal
Reuters
WASHINGTON (Reuters) - Lobbyists for insurers, real estate financiers and businesses launched into action this week to urge quick renewal of a terrorism insurance program in 2015 after U.S. lawmakers left it to expire at the end of this year. Industry ...
Terrorism Insurance In Question As Federal Law ExpiresNational Retail Federation

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12/18/2014 09:33 AM

Oregon star suffers knee injury, school paid for his draft insurance - NBCSports.com


Headlines & Global News

Oregon star suffers knee injury, school paid for his draft insurance
NBCSports.com
But Ekpre-Olomu did something wise before the season, something every prospect who returns to school should do: He got Oregon to pay for an insurance policy that could pay him up to $3 million if he slides in the draft. According to ESPN, Ekpre-Olomu ...
NCAA Football: Oregon Paid for Star CB's Draft InsuranceHeadlines & Global News

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12/19/2014 08:22 AM

Exclusive: India looks to sway Americans with nuclear power insurance plan - Reuters


Reuters

Exclusive: India looks to sway Americans with nuclear power insurance plan
Reuters
Under the plan, insurance would be bought by the companies contracted to build the nuclear reactors who would then recoup the cost by charging more for their services. Alternatively, state-run operator Nuclear Power Corporation of India (NPCIL) would ...

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International Insurance News

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12/15/2014 02:33 AM

The International Insurance Company acknowledged as “the Insurance ... - Azerbaijan Business Center


The International Insurance Company acknowledged as “the Insurance ...
Azerbaijan Business Center
Baku, Fineko/abc.az. The International Insurance Company OJSC has been acknowledged as “the Insurance Company of the year” in Azerbaijan. According to IIC, presentation of awards took place last week in Baku. The Company regarded such award as ...

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12/04/2014 04:56 PM

Insurance giant Hub International bullish about growth in Sacramento - Sacramento Business Journal


Sacramento Business Journal

Insurance giant Hub International bullish about growth in Sacramento
Sacramento Business Journal
Hub International aims to expand business from its new Sacramento operation, sources say. The global insurance company announced Tuesday that it bought John O. Bronson Co. But local folks will continue to call most of the shots. "That's why we agreed ...

 

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12/16/2014 11:35 PM

Queensland businessman starts up new, Australian owned and operated global ... - PRWire (press release)


Queensland businessman starts up new, Australian owned and operated global ...
PRWire (press release)
For managing director, Tony Venning it was in late 2013, when, after a 20 year career working in London, Melbourne and Sydney for major international insurance company, JLT he decided to go it alone. Two months ago (September 2014) Tony started his ...
Coast man delivers for adventurous travellersThe Sunshine Coast Daily

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12/17/2014 01:31 AM

IIC named top insurance company of the year - CISTran Finance


IIC named top insurance company of the year
CISTran Finance
The International Bank of Azerbaijan (IBA) said its subsidiary International Insurance Company (IIC) was named the country's top insurer on Monday. IIC representatives accepted the honor at the Consulting & Business Magazine awards event held at the ...

 

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12/18/2014 11:42 AM

ACE to buy Fireman's Fund personal insurance business from Allianz - PropertyCasualty360


PropertyCasualty360

ACE to buy Fireman's Fund personal insurance business from Allianz
PropertyCasualty360
The sale is in line with Allianz's plans, announced earlier in 2014, to reposition its US property and casualty insurance business by integrating the Fireman's Fund Insurance Company (FFIC) commercial business into Allianz Global Corporate & Specialty ...
Allianz SE: Allianz to sell Fireman's Fund personal insurance business to ACE ...The Wall Street Transcript
Allianz to sell Fireman's Fund personal insurance business to ACECanadian Underwriter

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12/19/2014 12:23 PM

People News: Dec. 19, 2014 - Accounting Today


People News: Dec. 19, 2014
Accounting Today
She brings more than eight years of audit and accounting experience to her role at Hood & Strong, where she manages audit engagements for various types of clients that include technology, international software development, and death care service ...

 

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12/19/2014 08:11 AM

Hyundai Marine and Fire Insurance named official insurance supplier for ... - Insidethegames.biz


Hyundai Marine and Fire Insurance named official insurance supplier for ...
Insidethegames.biz
In addition, the insurance company has a vast wealth of experience working with international events and organisations, including the 2002 World Cup in South Korea and Japan, and Expo 2012 Yeosu, an international exposition aimed at identifying ways to ...

 

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12/19/2014 05:32 PM

Stock Traders Purchase High Volume of American International Group Put ... - The Legacy


Stock Traders Purchase High Volume of American International Group Put ...
The Legacy
American International Group logo American International Group (NYSE:AIG) was the recipient of unusually large options trading activity on Friday. Stock traders purchased 8,554 put options on the stock, AR Network reports. This represents an increase ...

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12/19/2014 02:32 AM

Already 2 out of 28 Azerbaijani insurers are in 'technical bankruptcy' – with ... - Azerbaijan Business Center


Already 2 out of 28 Azerbaijani insurers are in 'technical bankruptcy' – with ...
Azerbaijan Business Center
For 2012 the leaders on compensation payments were as follows: Pasha Insurance (AZN 22.87 million), Azersigorta (AZN 11.77 million), Ateshgah Sigorta (AZN 9.429 million), International Insurance Company (AZN 6.4 million), A-Qroup (AZN 6.06 million), ...

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12/19/2014 11:58 AM

AM Best Affirms Ratings of Nomad Insurance Company JSC - Fort Mills Times


AM Best Affirms Ratings of Nomad Insurance Company JSC
Fort Mills Times
The ratings of Nomad also reflects its relatively small size (by international standards), which A.M. Best views as reducing its ability to defend against sudden changes in the operating and regulatory environment. The capital management strategy of ...

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