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National Insurance News

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08/30/2016 06:33 AM

Iowa at center of debate over 'shadow insurance' deals - Washington Post


Washington Post

Iowa at center of debate over 'shadow insurance' deals
Washington Post
IOWA CITY, Iowa — For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off ...
Insurance rate hikes approved for thousands of IowansDesMoinesRegister.com
Iowa approves health insurance rate hikes for 4 companiesKSFY

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08/30/2016 10:01 AM

Same drug, different insurance tiers, crazy-high co-pays - Los Angeles Times


Los Angeles Times

Same drug, different insurance tiers, crazy-high co-pays
Los Angeles Times
As sky-high EpiPen costs show, price gouging of patients by greedy drug companies is one part of our dysfunctional healthcare system. Another is what may appear to be the arbitrary way that insurers decide what co-pay to charge. Santa Ana residents ...

 

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08/30/2016 12:34 AM

State seeks to discipline county over fair insurance - Great Falls Tribune


Great Falls Tribune

State seeks to discipline county over fair insurance
Great Falls Tribune
The Office of the Montana State Auditor, Commissioners of Securities and Insurance is proposing disciplinary action against Cascade County for selling ...
Cascade County could face penalties for selling insurance to Mon ...KRTV Great Falls News

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08/30/2016 02:54 AM

Despite Damaging Storms, Insurance Spike Hits Homeowners ... - CBS Local


CBS Local

Despite Damaging Storms, Insurance Spike Hits Homeowners ...
CBS Local
DALLAS (CBSDFW.COM) – If you have not received the call or a letter, brace yourself. Insurance rates are likely going up after a year of damaging storms in ...

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08/30/2016 01:35 AM

California Insurance Agent Nabbed for Fraud Scheme Involving 100 ... - Insurance Journal


Kern Golden Empire

California Insurance Agent Nabbed for Fraud Scheme Involving 100 ...
Insurance Journal
Vicki Lee McGinley, 58, a licensed insurance agent in California, was arrested by the Kern County Sheriff's department on seven counts of identity theft an.
Local insurance agent arrested on counts of identity theft andKern Golden Empire

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08/29/2016 10:26 PM

Supreme Court starting hearings on Mpls. minimum wage, police insurance - Minnesota Public Radio News


Supreme Court starting hearings on Mpls. minimum wage, police insurance
Minnesota Public Radio News
One of the measures would set a $15 an hour minimum wage in the city, and the other would require Minneapolis police officers to carry professional liability insurance. On the minimum wage issue, the city of Minneapolis is appealing a ruling made by ...

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08/30/2016 04:10 AM

Insurance Companies Losing Money? Give Me A Break! - Townhall


Townhall

Insurance Companies Losing Money? Give Me A Break!
Townhall
As always, the losers are the patients who in many states have no choices remaining when shopping for health insurance. The Kaiser Family Foundation expects the average insurance premium to rise nine percent in 2017, which means a monthly premium of ...
Insurance rates under Affordable Care Act set to spike in 2017KCRG
Obamacare Is Creating Monopolies For Insurance CompaniesDaily Caller
(Dreamstime image: Ezumeimages)National Review Online
The Denver Post -Clarifying Health (blog) -MarketWatch -Kaiser Family Foundation
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08/29/2016 10:12 PM

Homeowners focus on insurance issues in wake of flash floods - WLWT Cincinnati


WLWT Cincinnati

Homeowners focus on insurance issues in wake of flash floods
WLWT Cincinnati
George Best, with Arthur J Gallagher Insurance, is an expert on flooding issues and said when it comes to surface water, and not a sewer backup, a standard homeowner's policy is not much help. "Surface water is from any source," Best said. "It's not ...

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08/29/2016 12:36 PM

Life insurance can protect student loan co-signers, namely Mom and Dad - CNBC


CNBC

Life insurance can protect student loan co-signers, namely Mom and Dad
CNBC
It's no secret that 20- and 30-somethings are holding off on some of the traditional milestones that would warrant buying life insurance. The median age in 2015 of individuals getting married for the first time was 27.1 for women and 29.2 for men. The ...

 

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08/30/2016 08:28 AM

UK company pension insurance deals drop 39 pct in H1 -Aon Hewitt - Reuters


UK company pension insurance deals drop 39 pct in H1 -Aon Hewitt
Reuters
Deal volume was likely to accelerate in the second half, Aon Hewitt added, pointing to deals completed by insurers Legal & General and Pension Insurance Corp in July and August. Falling UK interest rates have widened UK company pension deficits, ...

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International Insurance News

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08/25/2016 03:23 PM

A.M. Best Affirms Ratings of Jordan International Insurance Company - Business Wire (press release)


A.M. Best Affirms Ratings of Jordan International Insurance Company
Business Wire (press release)
LONDON--(BUSINESS WIRE)--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 each rating remains stable. The ratings reflect ...
A.M. Best Affirms Ratings of Doha Insurance Company Q.S.C.Digital Journal

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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 02:30 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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08/30/2016 11:03 AM

Qatar Re profits leap amid rapid expansion - Royal Gazette


Royal Gazette

Qatar Re profits leap amid rapid expansion
Royal Gazette
The company cedes 70 per cent of its business via a quota share agreement to its parent Qatar Insurance Company. In a statement, Qatar Re said ... Qatar Re has branch offices in Zurich and the Dubai International Financial Centre. Mr Saacke said: “We ...
Qatar Re net profit increases 79 per cent for H1 2016CPI Financial

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08/30/2016 01:11 AM

UAE plans to impose fund registration fees on life products - International Adviser


International Adviser

UAE plans to impose fund registration fees on life products
International Adviser
Bob Pain, chairman of international insurance company Investors Trust, said he believes a possible outcome of the new regulations could be that fund companies may close some of their funds to sales in the UAE, or reduce the number to just the large ...

 

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08/30/2016 03:29 AM

Lockport residents express concerns after plant fire - wivb.com


wivb.com

Lockport residents express concerns after plant fire
wivb.com
LOCKPORT, N.Y. (WIVB) — Three weeks after crews battled a massive fire at High Tread International, Lockport residents have a list of concerns for city officials. The fire ... “We can't go after their company, our insurance company would have to go ...

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08/30/2016 09:13 AM

Death On Verrückt Sparks National Debate About Regulations At Amusement Parks - KCUR


Death On Verrückt Sparks National Debate About Regulations At Amusement Parks
KCUR
But Paul Noland, who heads the International Association of Amusement Parks and Attractions, says that's just not necessary. "There's no evidence at all that federal oversight would improve on this already ... Collins says that inspectors or, auditors ...

 

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08/30/2016 06:21 AM

Iowa at center of debate over 'shadow insurance' deals - Kansas City Star


Kansas City Star

Iowa at center of debate over 'shadow insurance' deals
Kansas City Star
Belth said he got interested in Iowa's practices two years ago, when Bellevue, Washington-based Symetra Life Insurance Company announced it was moving its legal headquarters to Iowa "to take advantage of the state-of-the-art statutes and regulations ...

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08/30/2016 04:00 AM

People in Business - Post Register


Post Register

People in Business
Post Register
Kohn, who started his career with Ernst & Young, an international CPA firm, is a graduate of Ohio State University and holds an MBA from the University of Miami, Fla., the release said. “(Kohn's) vast experience in finance and accounting coupled with ...

 

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08/30/2016 06:25 AM

Clinton Group Inc adds American International Group Inc (AIG) to its portfolio - TheFounders Daily


Clinton Group Inc adds American International Group Inc (AIG) to its portfolio
TheFounders Daily
The investment management firm now holds 497,732 shares of American International Group Inc which is valued at $29,291,528 , the company said in a statement filed on Aug 12, 2016 with the SEC.American International Group Inc makes up approximately 1.23 ...
Perry Corp Lowers stake in American International Group Inc (AIG)Market Digest

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