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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


DesMoinesRegister.com

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 balance sheets ...
Insurance rate hikes approved for thousands of IowansDesMoinesRegister.com
Iowa approves health insurance rate hikes for 4 companiesKSFY

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08/30/2016 12:34 AM

State seeks to discipline county over fair insurance - Great Falls Tribune


Great Falls Tribune

State seeks to discipline county over fair insurance
Great Falls Tribune
The Office of the Montana State Auditor, Commissioner of Securities and Insurance is proposing disciplinary action against Cascade County for arranging insurance for some vendors at the Montana State Fair in 2013 and 2014 when it's not a licensed ...
Cascade County could face penalties for selling insurance to Montana State Fair vendorsKRTV Great Falls News

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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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08/30/2016 01:35 AM

California Insurance Agent Nabbed for Fraud Scheme Involving 100-plus Policies - Insurance Journal


Kern Golden Empire

California Insurance Agent Nabbed for Fraud Scheme Involving 100-plus Policies
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 and seven counts of insurance fraud after allegedly misrepresenting policy and premium information ...
Local insurance agent arrested on counts of identity theft andKern Golden Empire

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08/29/2016 10:26 PM

Supreme Court starting hearings on Mpls. minimum wage, police insurance - Minnesota Public Radio News


Supreme Court starting hearings on Mpls. minimum wage, police insurance
Minnesota Public Radio News
One of the measures would set a $15 an hour minimum wage in the city, and the other would require Minneapolis police officers to carry professional liability insurance. On the minimum wage issue, the city of Minneapolis is appealing a ruling made by ...

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08/30/2016 04:10 AM

Insurance Companies Losing Money? Give Me A Break! - Townhall


Townhall

Insurance Companies Losing Money? Give Me A Break!
Townhall
As always, the losers are the patients who in many states have no choices remaining when shopping for health insurance. The Kaiser Family Foundation expects the average insurance premium to rise nine percent in 2017, which means a monthly premium of ...
Insurance rates under Affordable Care Act set to spike in 2017KCRG
Obamacare Is Creating Monopolies For Insurance CompaniesDaily Caller
Will Some Counties Be Faced with No Individual Health Insurance Exchange Options in 2017?Clarifying Health (blog)
The Denver Post -MarketWatch -Business Insider -Kaiser Family Foundation
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08/29/2016 12:36 PM

Even millennials need life insurance. Here are some reasons why - CNBC


CNBC

Even millennials need life insurance. Here are some reasons why
CNBC
Millennials have plenty on their plate as they save for retirement and pay down loans, but here's another concern: Do they have enough life insurance? It's no secret that 20- and 30-somethings are holding off on some of the traditional milestones that ...

 

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08/29/2016 09:33 PM

Federal life insurance Open Season signals time to reevaluate health benefits - FederalNewsRadio.com


FederalNewsRadio.com

Federal life insurance Open Season signals time to reevaluate health benefits
FederalNewsRadio.com
According to documents from OPM Healthcare and Insurance Director John O'Brien addressed to agency benefits officers, beginning mid-September employees will start receiving checklists, FAQs and Federal Employees Health Benefits announcements, ...

 

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08/29/2016 09:29 PM

Turn to Insurers for Some Portfolio Insurance - TheStreet.com


TheStreet.com

Turn to Insurers for Some Portfolio Insurance
TheStreet.com
This combination has been a boon to insurance stocks, the one part of the financial sector that broke out to new all-time highs last week, as reflected in the SPDR S&P Insurance ETF (KIE) . However, that move largely was overshadowed by the ...

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08/29/2016 02:14 PM

AIG, Chubb, XL Lead in $1 Billion U.S. Cyber Insurance Market: Fitch - Insurance Journal


Insurance Journal

AIG, Chubb, XL Lead in $1 Billion U.S. Cyber Insurance Market: Fitch
Insurance Journal
About 120 U.S. insurance groups wrote an estimated $1 billion in cyber insurance direct written premiums in 2015, according to Fitch. Fitch aggregated the.

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insurance news feeds
 

International Insurance News

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08/28/2016 08:17 AM

AM Best affirms ratings of Jordan International Insurance Company - CPI Financial


AM Best affirms ratings of Jordan International Insurance Company
CPI Financial
A.M. Best affirms ratings of Jordan International Insurance Company. 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 ...

 

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08/25/2016 04:31 PM

A.M. Best Affirms Ratings of Doha Insurance Company Q.S.C. - Digital Journal


A.M. Best Affirms Ratings of Doha Insurance Company Q.S.C.
Digital Journal
In order to diversify its insurance portfolio and broaden its footprint, DIC opened in November 2015 MENA Re, a fully owned reinsurance MGA. MENA Re operates out of the Dubai International Financial Centre, writing inward facultative business in the ...

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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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08/29/2016 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 06:21 AM

Iowa at center of debate over 'shadow insurance' deals - Kansas City Star


Kansas City Star

Iowa at center of debate over 'shadow insurance' deals
Kansas City Star
Belth said he got interested in Iowa's practices two years ago, when Bellevue, Washington-based Symetra Life Insurance Company announced it was moving its legal headquarters to Iowa "to take advantage of the state-of-the-art statutes and regulations ...

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08/30/2016 01:11 AM

UAE plans to impose fund registration fees on life products - International Adviser


International Adviser

UAE plans to impose fund registration fees on life products
International Adviser
Bob Pain, chairman of international insurance company Investors Trust, said he believes a possible outcome of the new regulations could be that fund companies may close some of their funds to sales in the UAE, or reduce the number to just the large ...

 

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08/30/2016 03:29 AM

Lockport residents express concerns after plant fire - wivb.com


wivb.com

Lockport residents express concerns after plant fire
wivb.com
LOCKPORT, N.Y. (WIVB) — Three weeks after crews battled a massive fire at High Tread International, Lockport residents have a list of concerns for city officials. The fire ... “We can't go after their company, our insurance company would have to go ...

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08/30/2016 06:25 AM

Clinton Group Inc adds American International Group Inc (AIG) to its portfolio - TheFounders Daily


Clinton Group Inc adds American International Group Inc (AIG) to its portfolio
TheFounders Daily
The investment management firm now holds 497,732 shares of American International Group Inc which is valued at $29,291,528 , the company said in a statement filed on Aug 12, 2016 with the SEC.American International Group Inc makes up approximately 1.23 ...

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08/29/2016 09:19 PM

Fitch Affirms AIG's Ratings; Outlook Stable - Yahoo Finance


Fitch Affirms AIG's Ratings; Outlook Stable
Yahoo Finance
Fitch Ratings has affirmed American International Group, Inc.'s (AIG) ratings including the Long-term Issuer Default Rating (IDR) at 'A-' and senior debt obligations at 'BBB+'. Additionally, Fitch has affirmed the Insurer Financial Strength (IFS ...

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08/29/2016 09:27 PM

Air Canada Charged $200 To Passenger After His Mom Died - Huffington Post Canada


Huffington Post Canada

Air Canada Charged $200 To Passenger After His Mom Died
Huffington Post Canada
A view of Air Canada planes at Toronto Pearson International Airport. (Photo: Artur ... The airline extended its sympathy to Lade in a statement to CBC News, adding he would have to talk to his insurance company if he wants a reimbursement. Lade told ...

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