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National Insurance News

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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
Our rescue dog, Scout, is six, we think, and very well-loved. 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 ...

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05/03/2016 09:50 PM

An Insurance Exodus From Obamacare Could Come in 2017 - Daily Signal


Daily Signal

An Insurance Exodus From Obamacare Could Come in 2017
Daily Signal
Insurers with narrow provider networks appear to have done relatively well, while the Affordable Care Act created health insurance cooperatives (co-ops), established with government funding, incurred the greatest losses. Additionally, the authors ...

 

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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 ...
Self-driving cars set to disrupt UK's £14bn motor insurance industryTelegraph.co.uk
Self-driving cars to affect UK motor insurance industry, warns Volvo chiefInternational Business Times UK
Autonomous cars will radically change the auto insurance industryDigital Trends
Canadian Underwriter
all 35 news articles »
 

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05/03/2016 09:32 PM

Japan-to-U.S. Insurance M&A Wave Not Over Yet, Bankers Say - Bloomberg


Japan-to-U.S. Insurance M&A Wave Not Over Yet, Bankers Say
Bloomberg
Japanese buyers' willingness to keep striking deals in the U.S. should help buoy an otherwise slow market for U.S. insurance dealmaking in 2016, panelists said. New rules aimed at curbing so-called inversion deals have put a chill on cross-border deals ...

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05/03/2016 05:45 AM

Driverless cars may lead to more crashes, says UK insurance group - Financial Times


Financial Times

Driverless cars may lead to more crashes, says UK insurance group
Financial Times
Driverless car technology may give consumers a “false sense of security” that leads to an increase in the number of accidents in the short term, a leading insurance trade body has cautioned. The warning from the Association of British Insurers goes ...

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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 09:30 PM

Why are earthquake insurance rates on the rise in Oklahoma? - kfor.com


kfor.com

Why are earthquake insurance rates on the rise in Oklahoma?
kfor.com
OKLAHOMA CITY – Earthquake insurance rates are on the rise but so are the number of higher magnitude quakes in the state. In the past couple of weeks, several quakes that were magnitude three and higher have rattled Luther, Harrah, Perry and Fairview.

 

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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)
Self-driving cars will be bad for insurance, Buffett saysInsurance Business America
Berkshire Hathaway earnings rise despite stumbles in insurance, railroadsMarketWatch

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05/03/2016 11:08 PM

Fake Insurance Card Results In $1000 Fine - KARK


Fake Insurance Card Results In $1000 Fine
KARK
“I wish to thank our Criminal Investigation Division for their hard word resulting in separate guilty pleas; one for using a fake insurance card to register a vehicle, and another for leaving a car in one state and claiming it was stolen when returning ...

 

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05/03/2016 04:00 PM

7 Ways To Save Money on Your Home Insurance - Popular Mechanics


Popular Mechanics

7 Ways To Save Money on Your Home Insurance
Popular Mechanics
A $500 deductable is commonplace for home insurance. But raising it to $1,000 can cut your premium by 8 to 10 percent, Ducich says. The higher deductible is always a bit of a gamble, since you'll have to pay more money upfront in the event of a claim.

 

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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


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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05/03/2016 05:15 PM

AXA's revenue buoyed by international business - MarketWatch


AXA's revenue buoyed by international business
MarketWatch
... by combining the value of payments on new regular premium policies, and 10% of the value of payments made on one-time, single-premium products. The company said its solvency ratio--a key measure of an insurance company's financial strength--stood ...

 

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05/03/2016 07:41 AM

AIG sells shares in Chinese insurance company: report - gbtimes


gbtimes

AIG sells shares in Chinese insurance company: report
gbtimes
American International Group has reportedly raised US$1.25 billion by selling a large chunk of its stake in China's PICC Property and Casualty Company. According to a report by the International Financing Review, AIG sold about 740 million shares at ...
American International Group Inc (AIG): Offloading Holdings in ChinaBusiness Finance News
AIG to Sell Stake in Chinese Insurance Company PICC P&C: ReportChinaTopix

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05/03/2016 02:38 PM

Financial Services Market Daily: UBS Group, American International Group, HSBC Holdings - Bidness ETC


Bidness ETC

Financial Services Market Daily: UBS Group, American International Group, HSBC Holdings
Bidness ETC
American International Group Inc. (NYSE:AIG) reported its third straight quarterly loss for 1QFY16. Results were largely hurt by losses in hedge fund and other investments. The insurance company recorded a net loss of $183 million for the reporting ...

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05/03/2016 10:02 PM

Granite Investment Advisors Lowers stake in American International Group Inc (AIG) - Market Digest


City A.M.

Granite Investment Advisors Lowers stake in American International Group Inc (AIG)
Market Digest
The investment management company now holds a total of 197,891 shares of American International Group Inc which is valued at $11,046,276 after selling 3,836 shares in American International Group Inc , the firm said in a disclosure report filed with ...
Insurance titan American International Group posts lower than expected profits for third consecutive quarterCity A.M.
American International Group Inc (AIG) Sees Unusually-High Trading Volume After Dividend AnnouncementWeb Breaking News
Why These Stocks Are in Spotlight Today?Insider Monkey (blog)

all 58 news articles »
 

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05/03/2016 07:08 PM

Brave new world for US financial stability council after MetLife - Reuters Blogs (blog)


Reuters Blogs (blog)

Brave new world for US financial stability council after MetLife
Reuters Blogs (blog)
On the face of it, the council relies on a methodology that draws upon six criteria used by the Basel Committee, the Financial Stability Board, and the International Association of Insurance Supervisors (IAIS). ... based on same reasoning for ...

 

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05/03/2016 12:57 PM

Certified tobacco cessation specialist helps people butt out - International Falls Journal


International Falls Journal

Certified tobacco cessation specialist helps people butt out
International Falls Journal
Quitting smoking is one of the best things you can do for your health, but it's also one of the hardest. To help smokers in their quest to quit, the Essentia Health-International Falls Clinic is now offering a new tobacco cessation program. The program ...

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