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National Insurance News

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03/31/2015 08:24 AM

China to Begin Deposit Insurance in May - Wall Street Journal


Wall Street Journal

China to Begin Deposit Insurance in May
Wall Street Journal
BEIJING—By moving to insure bank deposits at home, China's leadership has its eyes abroad. China on Tuesday detailed a plan to launch a deposit-insurance system in May, a long-awaited move that is aimed at better disciplining its lenders and their ...
China to Insure Deposits in Move Toward Scrapping Rate CurbsBloomberg
China announces plans for deposit insurance in bank reformU.S. News & World Report

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03/31/2015 11:33 AM

Jewelry Expert Testifies in $20M Insurance Fraud-Fires Case - ABC News


ABC News

Jewelry Expert Testifies in $20M Insurance Fraud-Fires Case
ABC News
A local GOP fundraiser charged in a $20 million insurance scheme after three mansion fires in five years cursed and discussed the Mafia while meeting with a jewelry appraiser about her claims, the appraiser testified Tuesday. Claire Risoldi's "salty ...
Family faces hearing in burning mansion-insurance fraud caseWKBN.com

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03/31/2015 07:45 AM

Lufthansa Expects Insurance Claim of $300 Million After Germanwings Plane ... - Wall Street Journal


Wall Street Journal

Lufthansa Expects Insurance Claim of $300 Million After Germanwings Plane ...
Wall Street Journal
FRANKFURT—Deutsche Lufthansa AG expects an insurance claim of around $300 million in connection with the crash of its Germanwings aircraft in the French Alps, a spokesman for Germanwings' parent Lufthansa said Tuesday. The $300 million includes ...
Germanwings crash likely to lead to a near-300-million-euro insurance claimeuronews

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03/30/2015 08:52 AM

Driving without insurance? Police in Michigan can now tell just by running ... - MLive.com


MLive.com

Driving without insurance? Police in Michigan can now tell just by running ...
MLive.com
Bay County Deputy Josh Rytlewski sits in his patrol vehicle to demonstrate the in-car computer system. As of Wednesday, Nov. 12, police throughout the state can determine if a motor vehicle has insurance simply by running its license plate. (Yfat ...
Police officers in Michigan can see if you have car insurance before you show ...Michigan Radio
Police in Michigan use easy way to check vehicle insuranceUpNorthLive.com
Police in Mich. use easy way to check vehicle insuranceThe Detroit News
Port Huron Times Herald
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03/31/2015 09:11 AM

Here's the Average Cost of Homeowner Insurance. Are You Paying Too Much? - Motley Fool


Motley Fool

Here's the Average Cost of Homeowner Insurance. Are You Paying Too Much?
Motley Fool
There's something that you probably use that's been rising in price faster than inflation lately: homeowners insurance. If you're feeling pinched by the rates you're paying, know that you may be able to secure a less expensive policy. According to a ...

 

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03/31/2015 03:58 PM

Haslam requests $30 million for teacher insurance - The Tennessean


The Tennessean

Haslam requests $30 million for teacher insurance
The Tennessean
Haslam announced Tuesday he is requesting $30 million in recurring money to fund 11 months of insurance for teachers. The state pays 45 percent of health insurance premiums for 10 months, meaning local districts and teachers statewide are left with the ...
Haslam budget amendment includes extra $30 million for teacher insuranceChattanooga Times Free Press

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03/31/2015 04:26 AM

D.A. announces charges against 11 in massive insurance fraud scheme - The Delaware County Daily Times


Philly.com

D.A. announces charges against 11 in massive insurance fraud scheme
The Delaware County Daily Times
All of the alleged additional damage would take place before an insurance adjustor saw the vehicle. Once the insurance claim had been paid, Wilson would fix the customer's vehicle for a much lower price and pocket the balance of the claim, according to ...
11 charged in Delco insurance fraudPhilly.com
Delaware County Body Shop Smashes Cars, Workers Face Fraud Charges: DANBC 10 Philadelphia
Delco DA: 11 Charged In Alleged Auto Body Shop Insurance Fraud SchemeCBS Local
6abc.com -Patch.com
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03/31/2015 09:40 AM

Cost of a DUI in Hawaii After Insurance Increases: $2961 and Up - NerdWallet (blog)


NerdWallet (blog)

Cost of a DUI in Hawaii After Insurance Increases: $2961 and Up
NerdWallet (blog)
On average, first-time offenders convicted of DUI in Hawaii can expect to see their car insurance premiums rise 76.6% to $1,765.80 a year, up from the statewide average of $999.85, according to a NerdWallet study. Typically, the higher premium will be ...

 

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03/31/2015 01:55 PM

Uber and Auto Insurance: Regulators Weigh In - Wall Street Journal (blog)


Wall Street Journal (blog)

Uber and Auto Insurance: Regulators Weigh In
Wall Street Journal (blog)
State regulators are shining a spotlight on the potential insurance gaps associated with ride-sharing operations such as Uber and Lyft—even as some insurers are rolling out new policies intended to fill the gaps. On Tuesday, the National Association ...
Uber bill would lower insurance for some cabsazcentral.com
NAIC Adopts Ridesharing White Paper for State PolicymakersInsurance Journal
Riding can carry insurance riskThe Ledger

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03/31/2015 09:18 AM

Obamacare Could Be in Trouble if It Drives Businesses From Insurance Market - GovExec.com


GovExec.com

Obamacare Could Be in Trouble if It Drives Businesses From Insurance Market
GovExec.com
Next year, Obamacare insurance rules will start to apply to a new pool of small businesses, and experts say that could lead many of them to take a look at insuring themselves—that is, stepping outside of the health care law's market and supplying ...
ACA Has Pushed Insurance Premiums to New HeightsWall Street Journal (blog)
Mind Your Own Business: Health insurance tops list of most desirable employee ...NewsOK.com
We need access to health care, not health insuranceAsheville Citizen-Times

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International Insurance News

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03/31/2015 12:19 PM

S&P upgrades International General Insurance Company Ltd to A- (stable) - Today in Bermuda


S&P upgrades International General Insurance Company Ltd to A- (stable)
Today in Bermuda
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 ...
You are here: HomeLatest newsS&P upgrades IGI after re/insurer outperforms ...Reactions (subscription)
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 ...
Fosun CEO: In Exclusive Talks to Buy Five Insurance Firms in Europe, US, Asia ...Capital.gr (press release)

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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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03/04/2015 09:41 PM

Hanwha Life Emerges as Global Insurance Company 6 Years After Overseas ... - BusinessKorea


BusinessKorea

Hanwha Life Emerges as Global Insurance Company 6 Years After Overseas ...
BusinessKorea
Hanwha Life Insurance, which is Korea's first life insurance company and symbolizes all Korean life insurance companies, has sequentially succeeded in entering the global markets of China, Vietnam, and Indonesia. Hanwha Life Insurance is the first ...

 

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03/31/2015 05:02 PM

Colliers Finalizes Lease to Amica Mutual Insurance Company - Nevada Business Magazine


Colliers Finalizes Lease to Amica Mutual Insurance Company
Nevada Business Magazine
LAS VEGAS – Colliers International – Las Vegas announced the finalization a lease to Amica Mutual Insurance Company. The approximately 12,451-square-foot office property is located at 2475 Village View Drive in Henderson, Nevada. Taber Thill, SIOR ...

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03/19/2015 03:56 AM

International Insurance Company: changes in exchange rate of manat made no ... - Azerbaijan Business Center


International Insurance Company: changes in exchange rate of manat made no ...
Azerbaijan Business Center
Baku, Fineko/abc.az. It's already been a month since the Azerbaijani manat was devalued by 34% against the US dollar and the first effect of devaluation can now be estimated. According to the International Insurance Company, changes in the rate of the ...
TOP-10 Azerbaijani insurance companies provide over 83% of premiumsTrend News Agency

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03/31/2015 07:37 AM

International Business Machines Corp. To Invest $3 Billion In Internet Of ... - Bidness ETC


Bidness ETC

International Business Machines Corp. To Invest $3 Billion In Internet Of ...
Bidness ETC
This will be beneficial for both parties as the insurance company might save millions, and the customers would not have to go through the rigorous task of replacing car parts, such as windows, and claiming the insurance amount. The partnership of the ...
IBM says to invest Sh276 billion in 'Internet of Things' unitThe Standard Digital News (satire) (press release) (registration) (blog)

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03/31/2015 07:02 AM

2015's Most And Least Reliable Countries To Do Business In - Forbes


Forbes

2015's Most And Least Reliable Countries To Do Business In
Forbes
For country-by-country shortcut answers to those questions, consider the “2015 FM Global Resilience Index,” a ranking of 130 countries by FM Global, the 180-year-old international commercial and industrial insurance company based in Johnston, RI.

 

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03/27/2015 03:05 PM

American International Group: No Power To Move Higher? (AIG) - Seeking Alpha (registration)


American International Group: No Power To Move Higher? (AIG)
Seeking Alpha (registration)
Even though shares of the insurance firm are up 9.70% over the last twelve months, American International Group's shares don't excite shareholders. Shares of the insurance company have repeatedly failed to break the very strong resistance level at $56.

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