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National Insurance News

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08/29/2016 02:49 PM

Obamacare Is Creating Monopolies For Insurance Companies - Daily Caller


Townhall

Obamacare Is Creating Monopolies For Insurance Companies
Daily Caller
The number of counties in America that have a single insurer participating in the exchange is astronomically higher in 2017, the research indicates. Some 225 counties (roughly 7 percent of American counties) had just one insurance option in 2016, and ...
Insurance Commissioner: Obamacare is 'Very Near Collapse' in My StateTownhall
Enrollment in Affordable Care Act insurance exchanges half of initial forecastThe Denver Post
Insurance rates under Affordable Care Act set to spike in 2017KCRG
The Chattanoogan -MarketWatch -Herald-Whig -Avalere Health
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08/29/2016 08:38 PM

Insurance rate hikes approved for thousands of Iowans - DesMoinesRegister.com


DesMoinesRegister.com

Insurance rate hikes approved for thousands of Iowans
DesMoinesRegister.com
Iowa Insurance Commissioner Nick Gerhart has approved rate increases sought by four companies who provide health insurance in the state, Gerhart's agency announced Monday. The increases include plans covered by Wellmark Blue Cross & Blue Shield, ...
Iowa approves health insurance rate hikes for 4 companiesWashington Times

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08/29/2016 12:36 PM

Even millennials need life insurance. Here are some reasons why - CNBC


CNBC

Even millennials need life insurance. Here are some reasons why
CNBC
Millennials have plenty on their plate as they save for retirement and pay down loans, but here's another concern: Do they have enough life insurance? It's no secret that 20- and 30-somethings are holding off on some of the traditional milestones that ...

 

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08/29/2016 09:57 AM

What's the difference between term and whole life insurance? - MarketWatch


MarketWatch

What's the difference between term and whole life insurance?
MarketWatch
There are two main types of life insurance: term and permanent. Term life insurance is the easiest to understand and has the lowest cost. Whole life is the most well-known and simplest form of permanent life insurance coverage, which tends to be more ...
Colonial Life Enhances Life Insurance Coverage OptionsInsurance News Net

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08/29/2016 02:14 PM

AIG, Chubb, XL Lead in $1 Billion US Cyber Insurance Market: Fitch - Insurance Journal


Insurance Journal

AIG, Chubb, XL Lead in $1 Billion US Cyber Insurance Market: Fitch
Insurance Journal
The P/C insurance industry sees cyber-related insurance coverage as a significant growth opportunity. Insurance broker Marsh & McLennan has estimated that in 2014 the global insurance market wrote approximately $2 billion in cyber insurance premiums, ...

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08/29/2016 03:34 PM

Peak Hurricane Season Is Here; Don't Delay Reviewing Insurance Coverage - PR Newswire (press release)


PR Newswire (press release)

Peak Hurricane Season Is Here; Don't Delay Reviewing Insurance Coverage
PR Newswire (press release)
Review Your Insurance Coverage: Homeowners insurance provides financial protection against disasters. It insures the home itself and the things you keep in it. Because homes get upgrades and possessions get added and replaced, your insurance must ...
Tropical activity signals insurance reviewWJXT Jacksonville

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08/29/2016 09:01 PM

Editorial: A welcome law to protect consumers from insurance company greed - STLtoday.com


Illinois News Network

Editorial: A welcome law to protect consumers from insurance company greed
STLtoday.com
Insurance companies in Illinois and Missouri for years have been pocketing hundreds of millions of dollars from life insurance policies when beneficiaries don't step forward to file claims. For once, Republicans and Democrats are lining up on the same ...
New Illinois Law Makes Insurance Companies Find, Pay BeneficiariesInsurance Journal
New state law aims to ensure life insurance firms pay out benefitsIllinois News Network
Life Insurance Benefits Assessment May Be Easier SoonWNIJ and WNIU
Idaho Statesman
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08/29/2016 05:49 PM

State Insurance Commissioners Name New Jersey's Hartt to Financial Oversight Panel - Insurance Journal


State Insurance Commissioners Name New Jersey's Hartt to Financial Oversight Panel
Insurance Journal
The National Association of Insurance Commissioners (NAIC) has appointed Peter L. Hartt, director of New Jersey's Insurance Division, to a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC).
NAIC Wants to Make it Easier to Find Lost Life Insurance PoliciesInsurance Networking News

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08/29/2016 06:17 PM

Blockchain Huge Potential For The Insurance Industry - Seeking Alpha


Seeking Alpha

Blockchain Huge Potential For The Insurance Industry
Seeking Alpha
New research from Long Finance, sponsored by PwC and conducted by Z/Yen, shows the wholesale insurance* market is enthusiastic about implementing blockchain solutions**. The report is based on interviews with brokers, insurers, reinsurers, regulators ...

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08/29/2016 04:23 PM

Lockton Opens Portland Operation to Serve Commercial Insurance Clients - PR Newswire (press release)


Lockton Opens Portland Operation to Serve Commercial Insurance Clients
PR Newswire (press release)
PORTLAND, Ore., Aug. 29, 2016 /PRNewswire/ -- Lockton Insurance Brokers has opened a new commercial insurance operation in Portland to serve the needs of its expanding client base. Lockton, the world's largest privately held, independent insurance ...

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International Insurance News

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08/28/2016 08:17 AM

AM Best affirms ratings of Jordan International Insurance Company - CPI Financial


AM Best affirms ratings of Jordan International Insurance Company
CPI Financial
A.M. Best affirms ratings of Jordan International Insurance Company. A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Jordan International Insurance Company (JIIC) (Jordan). The outlook for ...

 

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08/25/2016 04:31 PM

A.M. Best Affirms Ratings of Doha Insurance Company Q.S.C. - Digital Journal


A.M. Best Affirms Ratings of Doha Insurance Company Q.S.C.
Digital Journal
In order to diversify its insurance portfolio and broaden its footprint, DIC opened in November 2015 MENA Re, a fully owned reinsurance MGA. MENA Re operates out of the Dubai International Financial Centre, writing inward facultative business in the ...

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08/23/2016 08:27 AM

Shropshire insurance company shortlisted for international award - shropshirelive.com


shropshirelive.com

Shropshire insurance company shortlisted for international award
shropshirelive.com
Health and safety specialists at a Shropshire company have been shortlisted for an international award – for the third year in a row. The team from Henshalls in Newport and Shrewsbury are finalists in the Specialist Company of the Year category at this ...

 

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08/29/2016 02:40 PM

Navigators Appoints New Leadership for Claims Operations - Insurance Journal


Navigators Appoints New Leadership for Claims Operations
Insurance Journal
In addition in the International segment, Michael Phipps joined Navigators on August 22, 2016 as claims manager for Navigators International Insurance Co., the company's recently authorized U.K. domiciled insurance company. Phipps previously worked at ...

 

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08/29/2016 09:17 PM

Fitch Affirms AIG's Ratings; Outlook Stable - Yahoo Sports


Fitch Affirms AIG's Ratings; Outlook Stable
Yahoo Sports
Earlier this year the company completed the sale of its independent broker-dealer network for a pre-tax gain of $225 million and reduced its investment in People's Insurance Company (Group) of China Limited. AIG also announced the proposed sale of its ...

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08/29/2016 02:10 PM

China Life Hurt by Low Interest Rates, Market Share Loss - Nasdaq


China Life Hurt by Low Interest Rates, Market Share Loss
Nasdaq
Also, stiff completion from new entrants in both domestic and international markets raises caution. Moreover ... Nevertheless, premiums - the main source of business for an insurance company - have been increasing in the recent years. The uptrend was ...

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08/29/2016 08:56 AM

Global piracy focus shifts to Gulf of Guinea, spike in crew abductions - Platts


Global piracy focus shifts to Gulf of Guinea, spike in crew abductions
Platts
"Curbing piracy in [the] Gulf of Aden was a success story but the problem is not going away and instead increasing in the Gulf of Guinea due to the severe unrest in Nigeria," Intertanko's regional manager for Asia, Tim Wilkins said at an international ...

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08/29/2016 06:37 PM

The Terrible Amusement Park that Explains Chongqing's Economic Miracle - Yahoo News


Yahoo News

The Terrible Amusement Park that Explains Chongqing's Economic Miracle
Yahoo News
State companies did some of the other big deals: China Life — the country's biggest state-owned life insurance company — paid city-owned utility Chongqing Water about $90 million for a 24 percent stake in Chongqing International Trust, a financial ...

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08/26/2016 04:10 PM

People on the move in the P&C insurance industry: Aug. 26, 2016 - PropertyCasualty360


PropertyCasualty360

People on the move in the P&C insurance industry: Aug. 26, 2016
PropertyCasualty360
Des Moines, Iowa-based EMC Reinsurance Co. said Ron Hallenbeck, who served as president for nearly 22 years, has retired, and Vicki Freese, EMC Reinsurance's assistant reinsurance manager, has been named president. Freese has been with EMC for ...

 

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08/29/2016 07:49 AM

SportTechie Startup Profile Series: ProHero Connects Fans, Friends And Athletes For Unique Experiences - SportTechie


SportTechie

SportTechie Startup Profile Series: ProHero Connects Fans, Friends And Athletes For Unique Experiences
SportTechie
Exits include: Cvent (NYSE: CVT) exit through IPO, Zip (Board Member) – IAC completed an investment in Zip, it was ultimately acquired by a leading insurance company. ... She is a marketing executive who spent over a decade winning multiple gold medals ...

 

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