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National Insurance News

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05/02/2016 02:17 PM

Warren Buffett says that self-driving cars will be bad for insurance companies - The Verge


The Verge

Warren Buffett says that self-driving cars will be bad for insurance companies
The Verge
Anything that makes cars safer is very pro-social, and it's bad for the auto insurance industry. But nevertheless, the auto insurance industry has always worked on making cars safer. I mean, they've led the way on things like seat belts and all that ...
Climate change won't hurt the insurance industry – or at least Berkshire Hathaway, Buffett saysInsurance Business America
Berkshire Hathaway earnings rise despite stumbles in insurance, railroadsMarketWatch

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05/02/2016 07:48 PM

Blue Cross to stop accepting credit cards for insurance payments - Chicago Tribune


Chicago Tribune

Blue Cross to stop accepting credit cards for insurance payments
Chicago Tribune
Starting June 1, the Chicago-based health insurer will no longer accept credit cards as a form of payment for members who buy their own health insurance on or off the Illinois marketplace. The company began notifying customers of the change last month.
Health insurance premiums topic of Trenton R-9 Board of Educ...kttn

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05/02/2016 01:07 PM

How to shop for affordable homeowners insurance - Washington Post


Washington Post

How to shop for affordable homeowners insurance
Washington Post
Kevin Brasler is executive editor of Consumers' Checkbook. You're probably paying too much for homeowners insurance coverage. Each year, most Washington-area homeowners let hundreds of dollars — and, for many, more than $1,000 — slip through ...

 

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05/02/2016 07:16 PM

Moda Health to leave Alaska's individual insurance market in 2017 - Alaska Dispatch News


Alaska Dispatch News

Moda Health to leave Alaska's individual insurance market in 2017
Alaska Dispatch News
About 23,000 Alaskans have health insurance plans from the individual marketplace, a component of the Affordable Care Act intended to provide coverage to people who cannot get insurance through employers or other means. About 75 percent of those ...

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05/02/2016 06:29 AM

A remote Himalayan village in India runs its own insurance scheme for its extraordinary horses - Quartz


Quartz

A remote Himalayan village in India runs its own insurance scheme for its extraordinary horses
Quartz
On a sunny May day last year, with not a cloud to mar the blue sky, Kishan Kumar opened the barn doors and led the whinnying horses and nickering foals out. They joined the steady stream of equine traffic in the narrow alley of Sagnam village on the ...

 

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05/02/2016 04:51 PM

Prime Risk Partners to buy Midwest agency Old National Insurance - Thomson Reuters' peHUB (press release)


Prime Risk Partners to buy Midwest agency Old National Insurance
Thomson Reuters' peHUB (press release)
Prime Risk Partners agreed to buy Old National Insurance, which will operate as ONI Risk Partners. The Midwest insurance agency will keep its existing offices and intends to expand. Prime Risk Partners will also acquire ONI subsidiaries JWF Specialty Co.

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05/02/2016 04:58 PM

PSU insurance cos to see Rs 675 crore outgo on 13.5% wage hike - Economic Times


PSU insurance cos to see Rs 675 crore outgo on 13.5% wage hike
Economic Times
MUMBAI: The employees of five public sector insurance companies have got the wage hike of 13.5 per cent with retrospective effect from August 2012, involving an outgo of Rs 675 crore including the arrears. The wage settlement was implemented in ...

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05/02/2016 09:24 PM

Private flood insurance support bill now in Senate hands - Sun Sentinel


Sun Sentinel

Private flood insurance support bill now in Senate hands
Sun Sentinel
Called the Flood Insurance Market Parity and Modernization Act, the bill is that rarest of animals in the House — widely supported by Republicans and Democrats and by a broad coalition of environmental organizations, insurance lobbying groups ...
Coalition Urges Senators to Take Up House-Passed Flood Insurance BillMorning Consult
New Flood Insurance Legislation Offers Consumers Support, FlexibilityRisMedia.com (press release)
Lynch Statement on House Passage of Flood Insurance BillInsurance News Net

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05/02/2016 04:13 PM

Altmaier Promoted to Florida Insurance Commissioner - Claims Journal


PropertyCasualty360

Altmaier Promoted to Florida Insurance Commissioner
Claims Journal
After a contentious and bumpy process that saw Florida's top Republican officials deadlock several times, the state has a new insurance commissioner just weeks before the start of hurricane season. During an emergency meeting on Friday, Gov. Rick Scott ...
Florida leaders choose new insurance commissionerPropertyCasualty360
David Altmaier's quick rise to state insurance commissionerMiami Herald
Hiring of new state insurance commissioner breaks impasseBay News 9
CBS Local -Tampabay.com -WorkersCompensation.com (press release)
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05/02/2016 11:01 AM

How to Avoid Pricey Homeowners Insurance Claims - Money Magazine


Money Magazine

How to Avoid Pricey Homeowners Insurance Claims
Money Magazine
Sure, that spring breeze wafting through the open windows is nice (unless you have allergies), but wind has a nasty side, too: Wind damage is responsible for about one in four homeowners' claims, according to Travelers Insurance, making it the most ...
The Most Likely Reasons Home Insurance Claims Are FiledNasdaq

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International Insurance News

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04/30/2016 10:23 PM

Insurer gets gong for bad behaviour - Radio New Zealand


Radio New Zealand

Insurer gets gong for bad behaviour
Radio New Zealand
The insurance company said it was disappointed to have been named New Zealand's worst transnational corporation. IAG's head of corporate affairs, Craig Dowling, said the award showed a tragic lack of understanding of earthquake issues, and the ...

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04/21/2016 11:06 PM

Attempts to Embezzle Millions From Global Insurance Company Results in Jail - Lawfuel (blog)


Attempts to Embezzle Millions From Global Insurance Company Results in Jail
Lawfuel (blog)
From January 2012 through December 2013, SHEA and FALLON engaged in a scheme to embezzle approximately $2.6 million from SHEA's employer, the North American subsidiary of an international insurance company (“Company-1”). SHEA, who rose to ...

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04/25/2016 11:14 PM

Paramus Man Sentenced To 18 Months For Scheme To Embezzle Millions From International Insurance Company - Bergen Dispatch


Bergen Dispatch

Paramus Man Sentenced To 18 Months For Scheme To Embezzle Millions From International Insurance Company
Bergen Dispatch
Preet Bharara, the United States Attorney for the Southern District of New York, announced today that James J. Shea, age 49 of Paramus, New Jersey, was sentenced in Manhattan federal court to 18 months in prison for participating in a scheme to ...

 

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05/02/2016 07:13 PM

American International Group Inc (AIG): Offloading Holdings in China - Business Finance News


Business Finance News

American International Group Inc (AIG): Offloading Holdings in China
Business Finance News
On Saturday, American International Group Inc. (NYSE:AIG) offered around $1.2 billion worth of shares for sale in People's Insurance Company of China Property and Casualty Co Ltd (PICC P&C) in a report by IFR, according to Reuters. Before the stock ...
AIG to Sell Stake in Chinese Insurance Company PICC P&C: ReportChinaTopix

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04/08/2016 05:57 PM

Manufacturers Life Insurance Company The buys $142.8 Million stake in Magna International (USA) (MGA) - Los Angeles Mirror


Manufacturers Life Insurance Company The buys $142.8 Million stake in Magna International (USA) (MGA)
Los Angeles Mirror
Magna International (USA) (MGA) : Manufacturers Life Insurance Company The scooped up 32,296 additional shares in Magna International (USA) during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now ...

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05/02/2016 07:34 PM

American International Group, Inc. (NYSE:AIG) Expected to Report $0.99 - Franklin Independent


American International Group, Inc. (NYSE:AIG) Expected to Report $0.99
Franklin Independent
American International Group, Inc. (NYSE:AIG) currently has an ABR of 2.17 heading into today's announcement. This number is also based on the 7 sell-side firms polled by Zacks. American International Group, Inc. (AIG) is a global insurance company.

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05/02/2016 09:36 PM

Insurance titan American International Group posts lower than expected profits for third consecutive quarter - City A.M.


City A.M.

Insurance titan American International Group posts lower than expected profits for third consecutive quarter
City A.M.
US insurance titan American International Group (AIG) reported a lower-than-expected quarterly operating profit in the third consecutive quarter to fall below analysts' estimates. AIG's profits suffered as income from underwriting and returns on ...

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05/02/2016 07:45 PM

Raleigh hedge fund manager bets another $4 million on Genworth - Triangle Business Journal


Triangle Business Journal

Raleigh hedge fund manager bets another $4 million on Genworth
Triangle Business Journal
Raleigh hedge fund manager Himanshu Shah is getting increasingly bullish on his investment in the Richmond, Virginia-based insurer Genworth Financial (NYSE: GNW). According to federal securities filings, Shah Capital added 1.54 million shares of ...
Broker Roundup: First Solar, Inc. (FSLR), Genworth Financial Inc (GNW)Smarter Analyst

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05/02/2016 01:50 PM

Parents of woman killed in duck boat crash said she 'brought happiness everywhere she went' - Boston.com


Boston.com

Parents of woman killed in duck boat crash said she 'brought happiness everywhere she went'
Boston.com
Warmuth grew up in Ohio and moved to Boston five years ago after landing a job at Lexington Insurance Company, where she worked as an insurance underwriter. She was about to accept a promotion in Chicago, her parents said. She was an adventurer ...
Woman killed in duck boat crash was 'incredible person'The Boston Globe

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05/02/2016 02:04 PM

Christian Colombera Joins Everest Syndicate 2786 as Head of Financial Lines - Business Wire (press release)


Christian Colombera Joins Everest Syndicate 2786 as Head of Financial Lines
Business Wire (press release)
Mr. Colombera joins the Syndicate from Zurich Insurance Group where he served as Global Underwriting Manager, Financial Lines overseeing a significant portfolio of management and professional liability business. ... Everest National Insurance Company ...

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