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National Insurance News

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04/20/2015 01:16 PM

This $1.5B Startup Is Making Health Insurance Suck Less - Wired


VentureBeat

This $1.5B Startup Is Making Health Insurance Suck Less
Wired
In less than two years, Oscar Health, a New York City-based health insurance company, has already amassed 40,000 members, with its member-friendly plans and tech-driven approach. Now, the startup has landed another $145 million round of funding at a ...
Oscar, a Health Insurance Start-Up, Valued at $1.5 BillionNew York Times
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 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 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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04/20/2015 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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04/20/2015 09:12 AM

Single Payer Health Insurance: Why Bernie Sanders Just Doesn't Get It - Forbes


Forbes

Single Payer Health Insurance: Why Bernie Sanders Just Doesn't Get It
Forbes
Vermont Democratic Sen. Bernie Sanders appeared on Fox News yesterday and Chris Wallace asked him why his own state had abandoned all plans to implement single payer health insurance – something that is apparently allowed under Obamacare.

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04/20/2015 07:00 AM

Private Insurance Exchanges Thrive While Obamacare's Falter - Forbes


Forbes

Private Insurance Exchanges Thrive While Obamacare's Falter
Forbes
But most people have refused. When the exchanges officially closed in February, the U.S. Treasury estimated that there were still some 6 million people who would have to pay the penalty established by Obamacare for going without insurance. So the White ...
Obamacare repeal unlikely as insurance revenue projections rise by billionsInsurance Business America
Obamacare grace period attracts few enrolleesCNBC
Kansans Purchasing Obamacare Coverage Have Greater Health Care NeedsKCUR

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04/20/2015 05:59 PM

Bentley, ex-mayor of Milledgeville, arrested on insurance fraud charges - Macon Telegraph (blog)


Macon Telegraph (blog)

Bentley, ex-mayor of Milledgeville, arrested on insurance fraud charges
Macon Telegraph (blog)
Those include seven counts of misappropriation of insurance premiums -- more than $34,000 altogether -- and five counts of issuing fraudulent certificates of insurance, Glenn Allen, a spokesman for Georgia Commissioner of Insurance Ralph Hudgens, said ...
Former Milledgeville mayor charged with insurance fraud13WMAZ
Former Milledgeville mayor arrested for insurance fraud41 NBC News (blog)

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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 06:07 AM

Insurance Companies Often Don't Have a Clue You Got a Ticket — Unless You ... - MainStreet


MainStreet

Insurance Companies Often Don't Have a Clue You Got a Ticket — Unless You ...
MainStreet
NEW YORK (MainStreet) — If you get a traffic ticket, conventional wisdom say's you'll wind up seeing a hike in your insurance rates — you know, for not being a "safe" driver and all. But the conventional wisdom might be wrong. It turns out insurance ...

 

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04/20/2015 03:40 PM

PA Insurance Department schedules public hearing on Highmark grant request ... - WTAE Pittsburgh


WTAE Pittsburgh

PA Insurance Department schedules public hearing on Highmark grant request ...
WTAE Pittsburgh
HARRISBURG —Acting Insurance Commissioner Teresa Miller today announced that her department will hold a public hearing on Monday, May 4, 10 a.m., in the second floor auditorium of the Rachel Carson Office Building, 400 Market Street, regarding ...
PA Insurance Department Schedules Public Hearing on Highmark Grant ...Insurance 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
Insurers AIG, USAA Receive OK to Test Use of DronesInsurance Journal

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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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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 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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03/30/2015 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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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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04/20/2015 05:48 AM

China's People's Insurance Company of China gets approval to set up online ... - Economic Times


China's People's Insurance Company of China gets approval to set up online ...
Economic Times
International · Emerging Businesses · SME SectorStartupsSME Policy & TrendsRegional HubsNorthSouthEastWestEntrepreneurshipHardware. More. India UnlimitedSwachh BharatMake in IndiaSmart Cities24X7 PowerModel VillagesFinancial InclusionTax ...

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