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National Insurance News

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11/20/2014 10:20 PM

Harland Stonecipher, Insurance Pioneer, Dies at 76 - New York Times


Harland Stonecipher, Insurance Pioneer, Dies at 76
New York Times
Mr. Stonecipher's innovation was to allow people to pay monthly premiums for help with legal matters — from divorce to warranty disputes, from arrests to identity theft — in the manner of health insurance. He also built an army of sales employees ...

 

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11/21/2014 09:14 PM

Hartford Insurer Earl O'Garro Charged With Insurance Fraud - Hartford Courant


NBC Connecticut

Hartford Insurer Earl O'Garro Charged With Insurance Fraud
Hartford Courant
HARTFORD — Federal authorities accused once-rising Hartford insurance star Earl O'Garro Jr. of fraud Friday, saying that he lied to obtain $126,000 in state economic assistance money and embezzled more than $1 million more in insurance premiums from ...
Hartford Insurance Broker Accused of Defrauding the StateNBC Connecticut
Insurance broker indicted for allegedly stealing money from state and private ...FOX CT
Insurance Agent O'Garro Charged With $1.5 Million Wire FraudCBS Local
WNPR News
all 7 news articles »
 

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11/21/2014 03:36 AM

Nashville insurance broker killed in Caribbean - The Tennessean


The Tennessean

Nashville insurance broker killed in Caribbean
The Tennessean
Netherland, a Nashville-based insurance executive, was found dead in his secluded rental home on the island of St. John in the U.S. Virgin Islands by his housekeeper, according to Bob Carney, the St. John contractor and real estate businessman who had ...

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11/21/2014 08:18 AM

With 'Luck,' Illinois hopes to lure young adults to buy insurance - Chicago Tribune


With 'Luck,' Illinois hopes to lure young adults to buy insurance
Chicago Tribune
The 30-second spots aired on network television in Illinois this week, the first week of open enrollment under the Affordable Care Act. The campaign targets millennials, whose participation in insurance is important to the health law's success but who ...

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11/21/2014 05:43 PM

Family waits months for bank to pay out insurance check - WLS-TV


WLS-TV

Family waits months for bank to pay out insurance check
WLS-TV
Having homeowners pay upfront and wait for reimbursements is a common policy with many lenders and insurance companies. People who live in a flood zone should know their policies inside and out to make sure they get that line of credit up front.

 

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11/21/2014 12:20 PM

Nashville insurance executive killed in Caribbean - USA TODAY


USA TODAY

Nashville insurance executive killed in Caribbean
USA TODAY
Edward Netherland moved to the U.S. Virgin Islands to get away, his landlord said, to leave stress behind. Tuesday morning, it found him. Netherland, a Nashville-based insurance executive, was found dead in his secluded rental home on the island of St.

 

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11/21/2014 09:06 PM

Title insurance: Don't buy property without it - The Tennessean


Title insurance: Don't buy property without it
The Tennessean
You think you're prepared — you stayed within budget, had the property inspected and you took out homeowners' or business insurance. With so much at stake, though, there's a lot that can go wrong behind the scenes. Unreleased liens, invalid deeds, ...

 

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11/21/2014 03:04 PM

Poll: Employers Watching Insurance Costs Closely - Inc.com


Poll: Employers Watching Insurance Costs Closely
Inc.com
Despite years of rising medical costs and pressure from the health care overhaul, employers consider employee health insurance a priority. But new surveys suggest coverage may grow skimpier in the coming years. A poll from The Associated Press-NORC ...

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11/21/2014 05:34 PM

Access Health says it has 11604 new Medicaid and insurance customers - The CT Mirror


Minneapolis Star Tribune

Access Health says it has 11604 new Medicaid and insurance customers
The CT Mirror
In the first week of open enrollment, 2,659 new customers signed up for private insurance plans and 8,945 people signed up for Medicaid through Access Health CT, the state's health insurance exchange. The figures include people who had not previously ...
Actually, health insurance premiums are rising more slowlyMinneapolis Star Tribune

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11/21/2014 10:26 PM

Man charged with $140K in insurance fraud - Pensacola News Journal


Man charged with $140K in insurance fraud
Pensacola News Journal
A Pensacola insurance agent is facing federal charges for allegedly defrauding his clients of about $140,000, according to a news release from the U.S. Attorney's Office. Kevin D. Webster, 44, has been indicted on 11 counts of felony wire fraud ...

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International Insurance News

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11/21/2014 08:15 PM

KPMG International | IRS Chief Counsel - Interest paid by insurance company on ... - Linex Legal (press release) (registration)


KPMG International | IRS Chief Counsel - Interest paid by insurance company on ...
Linex Legal (press release) (registration)
TaxNewsFlash - United States-IRS Chief Counsel - Interest paid by insurance company on funding agreements is “policy interest” under section 812(b)(2) November 21: The IRS today publicly released a redacted field advice memorandum* that concludes ...

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11/06/2014 01:43 PM

AM Best Removes Ratings of International Fidelity Insurance Company and Its ... - Business Wire (press release)


AM Best Removes Ratings of International Fidelity Insurance Company and Its ...
Business Wire (press release)
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has removed from under review with negative implications and affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings of “a-” of International Fidelity Insurance Company (IFIC ...

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11/09/2014 11:25 AM

International insurance companies to enter Myanmar insurance market - The Nation


International insurance companies to enter Myanmar insurance market
The Nation
"AIA Insurance Company expects to work for long in Myanmar. AIA intends to enter the life and health insurance markets. Life insurance market is one with huge potential. As only a representative office is allowed to be opened right now, we are ready to ...

 

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11/16/2014 10:42 PM

Debub Global, Lucy Join Forces - The Reporter


Debub Global, Lucy Join Forces
The Reporter
The National Bank of Ethiopia (NBE), the country's regulatory body of the financial sector, has turned down the formal application lodged by Debub Global and Addis International banks to establish a sister insurance company while the former managed to ...

 

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11/08/2014 05:53 AM

Ageas - A European Insurance Company With A 43% Upside And 6% Dividend ... - Seeking Alpha (registration)


Ageas - A European Insurance Company With A 43% Upside And 6% Dividend ...
Seeking Alpha (registration)
Creating a balanced portfolio of local and international assets is good for portfolio diversification, and there are some interesting and high-yielding opportunities in the European Union for investors seeking foreign exposure to solid income-producing ...

 

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11/21/2014 09:02 AM

How to Choose Health Insurance if You Travel Frequently - U.S. News & World Report


How to Choose Health Insurance if You Travel Frequently
U.S. News & World Report
One of the most important considerations for travelers is the insurance network, or group of providers that your insurance company agrees to cover. ... Supplemental health insurance that covers international travel is available from some health insurers.

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11/21/2014 04:11 PM

What to ask when getting travel insurance to avoid a million dollar baby - Globalnews.ca


Globalnews.ca

What to ask when getting travel insurance to avoid a million dollar baby
Globalnews.ca
Huculak made international headlines after she was slapped with a $950,000 medical bill last October while vacationing in Hawaii. She was 26-weeks pregnant when she suddenly went into labour two days into her trip. She spent weeks in hospital and her ...

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11/19/2014 01:18 PM

House Financial Services Subcommittee on Housing and Insurance Hearing - Insurance News Net


House Financial Services Subcommittee on Housing and Insurance Hearing
Insurance News Net
It is important to note that any standards adopted by the IAIS are not binding on the Federal Reserve, the FIO, state insurance regulators, or any U.S. insurance company. During the development of global standards for insurance firms by the IAIS, the ...

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11/21/2014 02:38 PM

Bucks County District Attorney's office charges Upper Makefield resident with ... - Bucks Local News


Bucks County District Attorney's office charges Upper Makefield resident with ...
Bucks Local News
DOYLESTOWN (Nov. 19, 2014) – An Upper Makefield man was placed under arrest on Wednesday, charged with perjuring himself before two different judges in separate legal proceedings and costing the taxpayers of the Commonwealth “untold tens of ...

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11/21/2014 08:15 AM

AmTrust: Just-Released Statutory Filings Reveal Substantial Deterioration - Seeking Alpha


AmTrust: Just-Released Statutory Filings Reveal Substantial Deterioration
Seeking Alpha
Another 10% is retained of the underwriting is retained by the US subsidiary that issued the policy (except TIC cedes 10% of policies to Rochdale Insurance Company), and 70% is ceded to AmTrust International Insurance, Ltd. ("AII"), AFSI's reinsurance ...

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