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National Insurance News

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04/20/2015 08:26 AM

Oscar, a Health Insurance Start-Up, Valued at $1.5 Billion - New York Times


VentureBeat

Oscar, a Health Insurance Start-Up, Valued at $1.5 Billion
New York Times
Sixteen months after going live, the insurance company Oscar has joined the elite group of start-ups known as unicorns, or those with billion-dollar valuations. The company plans to announce on Monday that it has raised $145 million from a group led by ...
This $1.5B Startup Is Making Health Insurance Suck LessWired
Health insurance startup Oscar gets unicorn valuation with $145 million in new ...Fortune
Oscar insurance pulls in a monster $145M round at a $1.5B valuationVentureBeat
The Verge -NJBIZ -Financial Times
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04/20/2015 09:51 PM

Former Milledgeville mayor charged with insurance fraud - 13WMAZ


13WMAZ

Former Milledgeville mayor charged with insurance fraud
13WMAZ
Former Milledgeville Mayor Richard Bentley, accused of insurance fraud, turned himself in Monday afternoon to the Baldwin County jail. Baldwin County Sheriff Bill Massee said Bentley was booked into the jail around 4 p.m., his bond set at $50,000.
Former Georgia mayor charged with insurance fraudAtlanta Business Chronicle
Bentley, ex-mayor of Milledgeville, arrested on insurance fraud chargesMacon Telegraph (blog)
Ex-Georgia mayor charged with 12 counts of insurance fraudOnline Athens
41 NBC News
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04/20/2015 12:50 PM

Y Combinator-Backed Health Insurance Startup SimplyInsured Pulls In $1.75 ... - TechCrunch


Y Combinator-Backed Health Insurance Startup SimplyInsured Pulls In $1.75 ...
TechCrunch
Online health insurance for small businesses platform SimplyInsured has raised a total of $1.75 million in seed funding from Starling Ventures, Altair, NerdWallet co-founders Jake Gibson and Tim Chen, Amee and Adil Chaudry, Sam Melamed and Y ...

 

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04/21/2015 07:10 AM

Flood Insurance Crisis: If the High Water Doesn't Get You, the High Premiums ... - MainStreet


MainStreet

Flood Insurance Crisis: If the High Water Doesn't Get You, the High Premiums ...
MainStreet
The National Flood Insurance Program is some $24 billion in the hole. Many homeowners in flood zones are beginning to feel that fiscal pain as flood insurance premiums skyrocket. Rate increases of 18% to 25% for some policyholders have gone into effect ...
Council To Vote On Higher Flood Plain Insurance Standards; Decision Probably ...K2 Radio
Flood plan faces wave of criticismDaily Item
Buyers in flood zones bewareInsurance News Net

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04/20/2015 07:57 PM

Special ACA health insurance period ends April 30 - The Tennessean


The Tennessean

Special ACA health insurance period ends April 30
The Tennessean
People who paid a fee for being uninsured last year have until April 30 to enroll in health insurance on the federally run exchange or risk facing a heftier fee next year on their income taxes. To qualify to buy insurance, one must have paid a fee for ...

 

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04/20/2015 09:50 PM

Bogus Stamps, Phony Bonds Backed Failed Insurer - Wall Street Journal


Wall Street Journal

Bogus Stamps, Phony Bonds Backed Failed Insurer
Wall Street Journal
Insurance regulators are liquidating an Oklahoma insurer after capital injected by new owners, a New York financial firm, turned out to include bonds linked to an admitted counterfeiter and a supposed $40 million stamp collection that couldn't be ...

 

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04/20/2015 10:18 PM

Insurance companies pay more for hail damage after complaints to state - KXAN.com


KXAN.com

Insurance companies pay more for hail damage after complaints to state
KXAN.com
“Most insurance companies honor their insurance policies and handle claims properly,” said Jerry Hagins, a spokesperson for the Texas Department of Insurance. “Occasionally there is a problem and TDI's Consumer Protection specialists are available to ...
What to do if your homeowner's insurance is deniedkjrh.com

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04/20/2015 11:44 PM

7 On Your Side: Those with no health insurance face tax penalties - abc7news.com


abc7news.com

7 On Your Side: Those with no health insurance face tax penalties
abc7news.com
7 On Your Side: Tax penalties coming for those with no health insurance. Tax penalties coming for those with no health insurance. A number of people face hundreds, if not thousands of dollars, in tax penalties, if they don't get health coverage by the ...
Enrollment deadline nearing for Covered CaliforniaKABC-TV

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04/20/2015 11:15 PM

Your roommate could affect your car insurance rates - AZFamily


AZFamily

Your roommate could affect your car insurance rates
AZFamily
“I need to be able to have insurance on it. I want good insurance. That's why I use them." Anderson has auto insurance through a company called Ameriprise, which she bought through Costco. Anderson said she's been pretty satisfied with Ameriprise -- at ...

 

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04/20/2015 05:42 PM

EEOC files discrimination suit against Maryland Insurance Administration - Washington Post


Maryland Daily Record (subscription)

EEOC files discrimination suit against Maryland Insurance Administration
Washington Post
The federal Equal Employment Opportunity Commission is suing a Maryland insurance regulatory agency over allegations that it paid female employees less than their male counterparts. The EEOC filed a lawsuit against the Maryland Insurance ...
EEOC Alleges Maryland Insurance Administration Violated Equal Pay ActInsurance Journal
EEOC sues Md. state insurance agency over pay discriminationMaryland Daily Record (subscription)
EEOC Sues Maryland Insurance Administration for Sex-Based Pay DiscriminationInsurance News Net

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International Insurance News

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03/31/2015 11:59 AM

S&P upgrades International General Insurance Company Ltd to A- (stable) - MarketWatch


Captive Insurance Times

S&P upgrades International General Insurance Company Ltd to A- (stable)
MarketWatch
HAMILTON, Bermuda, Mar 31, 2015 (BUSINESS WIRE) -- Standard & Poor's Ratings Services (S&P) has upgraded the financial strength ratings for International General Insurance Company Ltd (IGI) to “A-” with a stable outlook. The new rating, which was ...
S&P Upgrades International General InsuranceBernews
IGI gets S&P upgrade and confirms Loucaides appointmentThe Insurance Insider (subscription)

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03/27/2015 07:43 AM

Fosun International Eyes Multiple Insurance Deals - Wall Street Journal


Wall Street Journal

Fosun International Eyes Multiple Insurance Deals
Wall Street Journal
Its largest purchase so far, according to Dealogic, has been Fidelidade Group, Portugal's largest insurance company, which it bought for $1.5 billion last year. It also bought a 20% stake in U.S. insurer Ironshore for about $463.8 million last year. In ...

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04/09/2015 08:02 AM

Your insurance company can now use drones to check up on you - Quartz


Quartz

Your insurance company can now use drones to check up on you
Quartz
Insurance giant American International Group yesterday (April 8) announced it has won approval from the US Federal Aviation Administration to fly drones. That means AIG will now be able to use unmanned aerial vehicles to get to disaster-stricken towns ...
AIG Becomes The Latest Company To Use DronesBenzinga

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04/06/2015 04:00 AM

Biolab participates in the Medical Day of Jordan International Insurance Company - Al-Bawaba


Al-Bawaba

Biolab participates in the Medical Day of Jordan International Insurance Company
Al-Bawaba
Biolab, the leading accredited diagnostic laboratories in the Kingdom, has participated in the medical day organized recently by the Jordan International Insurance Company (JIIG) for its employees in the company's premises. During the medical day ...

 

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04/02/2015 11:52 AM

S&P Upgrades International General Insurance Company Ltd - Venture Magazine


Venture Magazine

S&P Upgrades International General Insurance Company Ltd
Venture Magazine
Standard & Poor's Ratings Services (S&P) has upgraded the financial strength ratings for International General Insurance Company Ltd (IGI) to “A-” with a stable outlook. The new rating, which was announced on March 31, 2015, raises the rating to A ...

 

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04/20/2015 09:29 AM

American International Group Given BBB+ Credit Rating by Morningstar (AIG) - The Legacy


American International Group Given BBB+ Credit Rating by Morningstar (AIG)
The Legacy
American International Group, Inc (NYSE:AIG) is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 130 ...

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03/30/2015 01:20 AM

International Insurance Company suddenly increased its assets - Azerbaijan Business Center


International Insurance Company suddenly increased its assets
Azerbaijan Business Center
Baku, Fineko/abc.az. International Insurance Company OJSC (IIC), the largest player of the free insurance market in Azerbaijan (the market without regulated compulsory kinds of insurance), has suddenly increased its assets. IIC informs that the audit ...

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04/20/2015 04:11 AM

Willis Takes On Big Banks Seeking Asia M&A under Walkiewicz and Guo - Insurance Journal


Willis Takes On Big Banks Seeking Asia M&A under Walkiewicz and Guo
Insurance Journal
Willis advised Meadowbrook Insurance Group Inc. on its $433 million agreement in December to sell itself to Fosun International Ltd., the Chinese investment firm led by billionaire Chairman Guo Guangchang. Fosun purchased a stake in Bermuda-based ...

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03/23/2015 01:54 PM

Mapfre – global insurance company with presence in 47 countries, Malta included - Malta Independent Online


Malta Independent Online

Mapfre – global insurance company with presence in 47 countries, Malta included
Malta Independent Online
The Mapfre Group held its annual general meeting for its 2,450,000 shareholders in Madrid last Friday. Although the hall of the Palacio de Congresos y Esposiciones in Madrid was rather full, they were by no means all shareholders. Other shareholders ...

 

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04/21/2015 08:00 AM

St. Louis-area members of Congress depended heavily on PACs for early '16 ... - STLtoday.com


STLtoday.com

St. Louis-area members of Congress depended heavily on PACs for early '16 ...
STLtoday.com
The largest donations of $5,000 included those from the PACs of the American Academy of Ophthalmology in St. Louis; American Crystal Sugar; Caterpillar; the International Association of Firefighters; New York Life; and Koch Industries. Bost also ...

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