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National Insurance News

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08/30/2016 06:15 AM

Iowa at Center of Debate Over 'Shadow Insurance' Deals - ABC News


Iowa at Center of Debate Over 'Shadow Insurance' Deals
ABC News
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 their books. So-called ...

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08/30/2016 10:59 PM

Lawmakers Demand Answers After Massive Insurance Rate Hikes - NewsChannel5.com


NewsChannel5.com

Lawmakers Demand Answers After Massive Insurance Rate Hikes
NewsChannel5.com
Tennessee Democrats have called for legislative hearings to find out why 100 percent of the requested rate increases by insurance companies were approved without any negotiations. Last week Commissioner of Insurance Julie McPeak announced massive ...
Lawmakers asking questions about insurance rate hikesWRCB-TV

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08/30/2016 01:23 PM

'The Mother of All Risks': Insurance Giants Call on G20 to Stop Bankrolling Fossil Fuels - Common Dreams (press release)


Common Dreams (press release)

'The Mother of All Risks': Insurance Giants Call on G20 to Stop Bankrolling Fossil Fuels
Common Dreams (press release)
Multi-national insurance giants Aviva, Aegon, and Amlin, which together manage $1.2tn in assets, released a statement Tuesday calling on the leaders of the world's biggest economies to commit to ending coal, oil, and gas subsidies within four years.

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08/30/2016 12:15 PM

Don't Be Scared of a Health-Insurance Public Option - Bloomberg


Bloomberg

Don't Be Scared of a Health-Insurance Public Option
Bloomberg
One of the big debates in health care right now is whether to create a public option for health insurance. Most observers of Obamacare agree that the big problem is private insurers pulling out of health-care exchanges. That leaves smaller states with ...
'Insurance costs more under Obamacare' - Shreveport TimesShreveport Times

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08/29/2016 08:50 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, ...
Health Insurance Rate Increases ApprovedKIWARadio.com
Obamacare needs a lot of work, Iowa insurance commissioner saysCNBC
Insurance Commissioner approves health care rate increases for 4 companiesRadio Iowa
KTTC
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08/30/2016 10:03 AM

Tokio Marine in Talks to Acquire RHB's Non-Life Insurance Unit: Sources - Insurance Journal


Tokio Marine in Talks to Acquire RHB's Non-Life Insurance Unit: Sources
Insurance Journal
Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank's general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer's products through the Malaysian lender, people familiar with the matter told Reuters ...

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08/30/2016 01:35 AM

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


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.

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08/30/2016 05:24 PM

Tesla enters car insurance business as self-driving cars prepare to disrupt the industry - Electrek


Electrek

Tesla enters car insurance business as self-driving cars prepare to disrupt the industry
Electrek
Self-driving cars will almost completely eliminate the occurrence of car accidents caused by humans, which represents about 90% of all car accidents in the U.S. according to NHTSA. Consequently, autonomous driving has the potential to save millions of ...

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08/30/2016 12:40 PM

Insurance industry campaigns to keep unlawful ObamaCare cash - The Hill (blog)


The Hill (blog)

Insurance industry campaigns to keep unlawful ObamaCare cash
The Hill (blog)
To fund it, the Centers for Medicare and Medicaid Services (CMS) levied a stealth tax that affected most people with private health insurance coverage. Revenues from this levy have disappointed: They fell $3.5 billion short of projections over the ...

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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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International Insurance News

sort international news by: headlines | date | relevance

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 ...

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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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08/30/2016 02:54 PM

Commissioners plan to fix sewers in pockets of pollution by next summer - Columbus Dispatch


Commissioners plan to fix sewers in pockets of pollution by next summer
Columbus Dispatch
In some cases, gravity-based sewers were installed so that sewage flowed the wrong way. Deer Creek went out of business, and its insurance company, International Fidelity, has refused to pay. The county has hired a law firm to deal with International ...

 

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08/30/2016 09:13 PM

Baldwin & Lyons Appoints William C. Vens Chief Financial Officer, W. Randall Birchfield Company President - GlobeNewswire (press release)


Baldwin & Lyons Appoints William C. Vens Chief Financial Officer, W. Randall Birchfield Company President
GlobeNewswire (press release)
Mr. Birchfield has an extensive background in the property and casualty insurance industry through his many years working for Allstate Insurance Company, Farmers Insurance Company, American International Group and Progressive Insurance Company.

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08/30/2016 07:59 PM

Fresh twist as Equity boss joins Moi city land saga - Daily Nation


Daily Nation

Fresh twist as Equity boss joins Moi city land saga
Daily Nation
The land in upmarket Muthaiga North is also claimed by United States International University – Africa and private developer George Kiongera. ... The university says it acquired the land for Sh90 million from Insurance Company of East Africa in 1999.

 

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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 04:00 PM

Validus Holdings, Ltd. to Release Third Quarter 2016 Financial Results on October 27, 2016 - Business Wire (press release)


Validus Holdings, Ltd. to Release Third Quarter 2016 Financial Results on October 27, 2016
Business Wire (press release)
PEMBROKE, Bermuda--(BUSINESS WIRE)--Validus Holdings, Ltd. (“Validus” or the “Company”) (NYSE:VR) announced today that it plans to release its financial results for the quarter ended September 30, 2016, after the close of trading on the New York ...

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08/30/2016 07:19 PM

Fitch Affirms PPG's IDR at 'A-'; Outlook Stable - Yahoo Finance


Fitch Affirms PPG's IDR at 'A-'; Outlook Stable
Yahoo Finance
3, 2016, PPG completed the transfer of certain U.S. pension obligations to Massachusetts Mutual Life Insurance Company and Metropolitan Life Insurance Company. ... of the commodity chemicals business in early 2013, the acquisition of the North American ...

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08/30/2016 12:46 PM

AIG Rides Annuity Sales To Financial Success - Insurance News Net


Insurance News Net

AIG Rides Annuity Sales To Financial Success
Insurance News Net
Nearly a decade after American International Group almost collapsed, the New York-based insurance giant has re-invented itself as the top seller of fixed and variable annuities. In the first half of the year, AIG finished in the No. 1 spot with $9.78 ...

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08/30/2016 09:08 PM

Scharf Investments buys $204633043 stake in American International Group Inc (AIG) - TheFounders Daily


Review Fortune

Scharf Investments buys $204633043 stake in American International Group Inc (AIG)
TheFounders Daily
American International Group Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance life insurance retirement products mortgage insurance and other financial services. Its various offerings include products and ...
Mackenzie Financial Corp Lowers stake in American International Group Inc (AIG)Market Digest

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