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National Insurance News

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06/27/2016 12:15 PM

Even With Private Insurance, Out-of-Pocket Costs for Hospital Visits Shot Up 37% - Bloomberg


Bloomberg

Even With Private Insurance, Out-of-Pocket Costs for Hospital Visits Shot Up 37%
Bloomberg
They include co-payments (a per-visit fee)​,​ deductibles (the amount that must be paid before insurance coverage kicks in), and co-insurance (the percentage of the hospital's charge people must pay​ even after insurance kicks in). A separate, 2013 ...
Even 'good' insurance comes with hidden hospital billsUPI.com
Hospitalized Americans with insurance are paying more and more of their own health care costsTyler Morning Telegraph

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06/27/2016 03:11 PM

Heading to the hospital? Even with insurance, it may cost $1000 or more, study finds - Science Daily


Heading to the hospital? Even with insurance, it may cost $1000 or more, study finds
Science Daily
Co-payments, which are different from co-insurance and are a kind of 'entry fee' to a hospitalization, actually fell during this time. But this was due to the fact that fewer insurance plans charged a co-pay for a hospital stay in 2013 than had charged ...

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06/27/2016 09:24 AM

China's biggest online marketplace is selling 'breakup insurance' for Taylor Swift's love life - Mashable


Mashable

China's biggest online marketplace is selling 'breakup insurance' for Taylor Swift's love life
Mashable
When it comes to Tay-Tay's love life, one day you're in and the next you're out, so you can never be too sure. Cashing in on Taylor Swift's latest unconfirmed relationship with actor Tom Hiddleston are several Taobao retailers who have started to sell ...
A Website Was Selling “Breakup Insurance” For Taylor Swift's Love LifeTeenVogue.com

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06/27/2016 03:42 AM

Reward offered to help catch robbers who shot insurance agent - WSB Atlanta


WSB Atlanta

Reward offered to help catch robbers who shot insurance agent
WSB Atlanta
Insurance agent Emmanuel Turkson is offering a reward for information about the person who shot him during an attempted armed robbery at his office in March. Turkson and Fulton County police say there were three other witnesses, two clients who were ...

 

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06/27/2016 03:13 PM

Millennials can't afford health insurance, adopt risky alternatives - CNBC (subscription)


CNBC (subscription)

Millennials can't afford health insurance, adopt risky alternatives
CNBC (subscription)
Even as the percentage of millennials without health insurance drops, 16 percent of young adults do not plan on having insurance in 2017, according to the survey. That includes 47 percent of those who are already uninsured. The most common reason: lack ...

 

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06/27/2016 10:37 AM

Insurance shares hit after Brexit vote - Telegraph.co.uk


Telegraph.co.uk

Insurance shares hit after Brexit vote
Telegraph.co.uk
Shares in London-listed insurance firms have taken another tumble today as analysts try to judge the damage that Brexit could inflict on their customer base and investment portfolios. Insurance firms, while suffering less than the British banks in the ...

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06/27/2016 11:49 AM

Mayor: Let's settle on health-insurance issue - Plattsburgh Press Republican


Mayor: Let's settle on health-insurance issue
Plattsburgh Press Republican
PLATTSBURGH — The City of Plattsburgh is still hoping its retirees will consider an offer for a new health insurance plan in hopes of settling an ongoing dispute. "We are not trying to cut anybody's benefits," Mayor James Calnon told the Press-Republican.

 

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06/27/2016 02:45 PM

Windhaven™ Insurance Taps Nationally Recognized Actuary to Serve as President - PR Newswire (press release)


Windhaven™ Insurance Taps Nationally Recognized Actuary to Serve as President
PR Newswire (press release)
MIAMI, June 27, 2016 /PRNewswire/ -- Windhaven™ Insurance has named Ben Turner, a longtime Board Member and nationally recognized actuary who has provided clear and credible leadership for close to two decades, to serve as President of the ...

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06/27/2016 01:46 PM

Cyber-security insurance becomes an important purchase - Buffalo Business First (blog)


Cyber-security insurance becomes an important purchase
Buffalo Business First (blog)
If a business serves other companies, at some point it will be asked to sign documents acknowledging it has cyber insurance. That's according to John Jablonski, a partner at Goldberg Segalla who is the information security and privacy officer. He also ...

 

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06/27/2016 12:54 PM

A push to make cops buy liability insurance in Minneapolis - Chicago Reporter


Chicago Reporter

A push to make cops buy liability insurance in Minneapolis
Chicago Reporter
Then six years ago she got a different idea: professional liability insurance. Doctors and lawyers carry malpractice insurance. Why not require police officers to purchase coverage and make them, not just the city, pick up the tab in misconduct ...

 

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insurance news feeds
 

International Insurance News

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06/13/2016 01:47 PM

Int'l Bank of Azerbaijan reduces sharply number of International Insurance Company's board members - Azerbaijan Business Center


Int'l Bank of Azerbaijan reduces sharply number of International Insurance Company's board members
Azerbaijan Business Center
Baku, Fineko/abc.az. The International Bank of Azerbaijan (IBA) continues working over optimization of its group of companies. In accord with the IBA's decision the number of members in the Board of International Insurance Company (IIC), part of the ...
Management changes at Azerbaijani insurance companyTrend News Agency

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06/14/2016 11:59 PM

Canton insurance company appoints new officer - Wicked Local Canton


Canton insurance company appoints new officer
Wicked Local Canton
Canton-based Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and at the workplace, announced the appointment of Joseph W. Sullivan, J.D., as vice president, chief underwriting and product officer ...

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06/27/2016 03:47 PM

Intrepidus: New Local Insurance Broker Launches - Bernews


Bernews

Intrepidus: New Local Insurance Broker Launches
Bernews
In the event a customer needs to file a claim, the insurance broker will guide them through the process, helping them to achieve a timely and fair settlement with their insurance company. If a dispute arises, the broker serves as an advocate to ...

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06/27/2016 04:28 PM

American International Group: Hooray, Only 62 Cents On The Dollar - Seeking Alpha


Seeking Alpha

American International Group: Hooray, Only 62 Cents On The Dollar
Seeking Alpha
Another favorite of mine is insurance company American International Group, Inc. (NYSE:AIG) which I singled out just two days before the referendum was held in Britain last week. The article was titled "AIG: A Brexit Play?", and lays out the rational ...
Shares of American International Group (NYSE:AIG) Sees Large Inflow of Net Money FlowTrade Calls

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06/27/2016 08:57 AM

Waldorf Astoria To Close For Condo Rebuild In 2017: Reports - International Business Times


International Business Times

Waldorf Astoria To Close For Condo Rebuild In 2017: Reports
International Business Times
The Chinese insurance company's restoration plan calls for the closing down of the 1,413-room property in the spring for up to three years, the Wall Street Journal reported, citing people familiar with the matter. As many as 1,100 hotel rooms are set ...

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06/23/2016 12:15 PM

China's Fosun International Pursues US IPO of Insurer Ironshore - Wall Street Journal


Wall Street Journal

China's Fosun International Pursues US IPO of Insurer Ironshore
Wall Street Journal
Fosun International Ltd. 0656 0.10 % said Thursday it had submitted an application with the Hong Kong stock exchange seeking approval for a spinoff and separate listing of the insurance company on either the New York Stock Exchange or Nasdaq.

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06/09/2016 01:18 PM

Boston Mutual Life Insurance Company appoints new officer - Wicked Local Canton


Boston Mutual Life Insurance Company appoints new officer
Wicked Local Canton
Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and at the workplace, announced the appointment of Joseph W. Sullivan, J.D., as vice president, chief underwriting and product officer. ... Prior to ...

 

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06/01/2016 08:00 AM

Will Cigna And Anthem Merge? How Health Insurance Companies Pump Money Into Politics - International Business Times


International Business Times

Will Cigna And Anthem Merge? How Health Insurance Companies Pump Money Into Politics
International Business Times
That age-old question is no abstraction when it comes to your healthcare premiums, as Cigna and Anthem Blue Cross Blue Shield are pushing to merge into the largest health insurance company in America. With consumer groups, physicians and hospital ...

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06/27/2016 03:54 PM

Starr Companies Hires Brian Inselberg as Senior Vice President Financial Lines - Business Wire (press release)


Starr Companies Hires Brian Inselberg as Senior Vice President Financial Lines
Business Wire (press release)
Starr Companies (or Starr) is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C.V. Starr & Co., Inc. and its subsidiaries ...

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06/27/2016 04:57 AM

Kenyan Finance Minister Pushes Bank M&A to Force Rates Lower - Bloomberg


Bloomberg

Kenyan Finance Minister Pushes Bank M&A to Force Rates Lower
Bloomberg
“Almost 1 million customers per bank is way below the international norm of about 3 million customers per bank,” Rotich said in an interview June 24 in the capital, Nairobi. “Part of the reason why we have higher interest rates is many banks are ...

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