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posted by gogo @ 8:25 AM
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JPMorgan's insurance biz for sale: source
JPMorgan Chase & Co. has put its life insurance and annuity operations up for sale, a source familiar with the matter said on Saturday, in the latest move by the No. 3 U.S. bank to shed a smaller noncore business.
Companies turn empty lot into 'insurance village' to speed claims process
PLANTATION -- Part insurance adjuster convention, part RV show, a crowded parking lot has become an oasis of customer service.
Divine protection? The popularity and number of `church plans' is rising along with the cost of health insurance
When his wife spent a week in Georgetown University Hospital's intensive care unit last year recovering from life-saving brain surgery, Joe Huff never worried about who would pay her $120,000 hospital bill, even though his family has no health insurance.
‘Easy Way' insurance not the smart way for most
Nov 06, 2005: STUPID INVESTMENT OF THE WEEK: ‘EASY WAY' INSURANCE FROM UNITED OF OMAHA
Gomoa Insurance Scheme signs memorandum
Apam (C/R), Nov. 3, GNA - Ghanaians have been urged to exercise maximum restraint to enable to them cope with the numerous challenges that would be unfolded during the implementation of the National Health Insurance Scheme (NHIS).
Qatar insurance firms likely to be merged
DOHA — Studies are underway to assess the feasibility of merging or otherwise linking Qatar’s major insurance companies to help strengthen their position against international competition in the market.
State Workers' Insurance
A break in health insurance costs is welcome news for thousands of state workers. The new rates take effect January 1. The state is also starting a pilot program called Healthy KIDS, which will pay 90 percent of health care premiums for children of low-income employees.
JPMorgan puts life insurance business up for sale-source
JPMorgan, which last year bought Chicago-based rival Bank One Corp. for $58 billion (33 billion pounds), owns a U.S. life insurance and annuity business that Bank One bought from Zurich Financial Services Group in 2003 for $500 million, in addition to its own small operation.
INSURANCE EXECUTIVE BILLY HIBBS DIES AT 67
Billy Earl Hibbs of Tyler, founder of Heartland Security Insurance Group, died Saturday morning at the age of 67. Hibbs died in his home from the effects of Alzheimer's disease, according to family members.
Tripped Up By Trip Insurance
Carol and Mike Gettings of Amherst were very excited about a trip they had booked to Nova Scotia back in February. Since her mom Mary is in poor health, Carol thought it would be a good idea to purchase travel insurance-which she did.
posted by gogo @ 2:05 AM
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Insurance warning over flood risk
UK homes and businesses may become uninsurable unless better flood defences are built, an insurance firm claims.
All parties urge Ont. to cover $25 prostate test under health insurance plan
TORONTO (CP) - The Ontario Health Insurance Plan should cover the $25 cost of PSA prostate tests for men that advocates say is the best tool for early detection of cancer, members of all three parties said Thursday as they threw their support behind a private member's bill.
HCC Insurance subsidiary changes name
ASU International Inc., a specialty underwriting agency unit of HCC Insurance Holdings Inc., has changed its corporate name to HCC SpecialtyUnderwriters Inc.
Two denied bond in insurance scam
Two of 10 Atlanta city employees charged with filing bogus insurance claims have prior felony convictions, prosecutors revealed Friday at a first court appearance hearing.
Mis-selling of insurance exposed
The UK's financial watchdog discovers that some insurance firms are mis-selling payment protection policies.
Rell signs bill to extend health insurance for poor children
HARTFORD, Conn. -- Gov. M. Jodi Rell on Friday signed legislation designed to help nearly 1,900 children who were at risk of losing their state-sponsored health insurance.
Tax collector’s office discusses fake auto insurance cards, property taxes
Florida is near the top of the list of those states experiencing an increase in the number of unauthorized insurers selling phony insurance. This ranges from health insurance that will leave thousands of people owning many millions in unpaid medical bills.
Higher home-insurance rates are forecast
Odalys Arbelaez and her daughter, Gabrielle, fill out paper work for their claim at the Citizens Insurance area. PLANTATION, Fla. This hurricane season is projected to be the most expensive ever for insurers.
Rell signs bill to extend health insurance for poor children
(Hartford-AP, Nov. 4, 2005 10:38 PM) _ Governor Rell has signed legislation designed to help nearly 1,900 children who were at risk of losing their state-sponsored health insurance.
Research uncovers failures in selling of insurance protection
Companies selling payment protection insurance have been urged to take "urgent action" to comply with regulatory standards after research uncovered evidence of poor selling practices.
posted by gogo @ 2:05 AM
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Insurance agents investigate fires at flooded homes
Some of the New Orleans homes drowned by the flooding that followed Hurricane Katrina have been damaged by a second calamity fire. Investigators suspect some blazes may have been set by desperate people who had no flood insurance but want to collect on their policies.
Foreign-funded insurance firms hike China mkt share
BEIJING, Oct 30 (Reuters) - Assets of foreign-funded insurance firms in China accounted for 12.77 percent of China's insurance industry at the end of August, compared with 2.6 percent a year earlier, the official Xinhua news agency said on Sunday.
Consider insurance and financing
So you’ve found the perfect collector car at the right price. Before you buy, don’t forget to factor in the other two money issues behind any car — insurance and financing.
Many term insurance policies require conversion
Dear Bruce: I am 70 years old and have a small-term insurance policy (not my only coverage) purchased through my credit union. I was recently notified that my term policy would expire when I become 75. I was offered the option of converting a portion or the entire policy amount to whole life.
Insurance Fund has grand plans
The National Health Insurance Fund (NHIF) has announced major service improvement plans that come into effect early next year. However, the plans will not in any way involve hiking members’ monthly contributions.
Insurance industry urged to enhance market conduct standards
SINGAPORE : Enhancing market conduct standards is the way forward in the insurance industry.
Insurance Award Raises Eyebrows
(AP) Hibbing, Minn. An unusually large insurance award that a jury gave a Hibbing family is raising eyebrows. This week a jury awarded the Rafinski family more than $720,000 for losing its relationship with Ryan Rafinski. The 27-year-old was killed in a car accident in April 2004.
Insurance award raises eyebrows
HIBBING, Minn. - An unusually large insurance award that a jury gave a Hibbing family is raising eyebrows. This week a jury awarded the Rafinski family more than $720,000 for losing its relationship with Ryan Rafinski. The 27-year-old was killed in a car accident in April 2004.
Insurance: Good Time To Buy?
How has the devastating hurricane season of 2005 -- easily the most expensive in U.S. history -- affected the insurance
Questions for Life Insurance Applicants
These questions might be different depending on which Insurance Company you are requesting a Life Insurance Policy from.
posted by gogo @ 2:05 AM
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SHANGHAI'S INSURANCE SECTOR REALIZES HIGHER INCOME TO SEPT
Statistics The premium income of insurance companies in Shanghai reached 24.838 billion yuan (US$3 billion) by the end of September this year, up 6.24 per cent year-on-year.
Shanghai's Insurance Sector Realizes Higher Income To Sept
The premium income of insurance companies in Shanghai reached 24.838 billion yuan (US$3 billion) by the end of September this year, up 6.24 per cent year-on-year.
Panel Votes for Higher Pension Insurance Fees
With a broad pension reform bill apparently stalled in the Senate, a House committee yesterday voted to boost sharply fees employers pay to the government's pension insurance agency.
In-use insurance fund up 25.8 pct
By the end of September this year, the in-use insurance outstanding volume in China totaled 1.3071 trillion yuan (161.36 billion US dollars), up 25.8 percent from the beginning of this year.
Senate Passes Bill to Require Truck-Insurance Notification
By Christopher Keating, The Hartford Courant, Conn. Oct. 27--The state Senate on Wednesday took the first steps toward closing a loophole in state law, passing a bill that requires the state to be notified when a commercial truck owner drops its insurance.
House OKs All Kids insurance plan Kurt Erickson
SPRINGFIELD -- Calling it an "historic step," Gov. Rod Blagojevich hailed passage Thursday of an initiative aimed at making sure every child in Illinois has health insurance.
Mobile offices help speed homeowners' insurance-claims process
PLANTATION — Amber Filion had waited an hour and a half on the telephone to file a hurricane damage claim with an operator at Citizens Property Insurance only to be thwarted.
All Kids insurance proposal sails through Senate
SPRINGFIELD - Gov. Rod Blagojevich's plan to provide health insurance to all children in Illinois zoomed out of the state Senate on Wednesday and is poised for passage in the Illinois House today.
Denham Springs man indicted in insurance fraud
A Denham Springs lawyer accused of submitting doctored records to get money from an insurance company now faces an insurance fraud charge. An East Baton Rouge Parish grand jury indicted Douglas C. Dorhauer, 31, 39592 Hess Road, on the charge Thursday.
Many term insurance policies require conversion
Dear Bruce: I am 70 years old and have a small-term insurance policy (not my only coverage) purchased through my credit union. I was recently notified that my term policy would expire when I become 75. I was offered the option of converting a portion or the entire policy amount to whole life.
posted by gogo @ 2:05 AM
6 comments
Panel Votes for Higher Pension Insurance Fees
With a broad pension reform bill apparently stalled in the Senate, a House committee yesterday voted to boost sharply fees employers pay to the government's pension insurance agency.
Senate Passes Bill To Require Truck-Insurance Notification
The state Senate on Wednesday took the first steps toward closing a loophole in state law, passing a bill that requires the state to be notified when a commercial truck owner drops its insurance.
Will rate increases buoy insurance brokers Marsh, Aon?
SAN FRANCISCO (MarketWatch) -- Intense regulatory scrutiny followed by cutthroat competition has made life tough this year for the world's largest insurance brokers.
Senate passes Avon truck insurance bill
HARTFORD, Conn. -- State lawmakers moved closer Wednesday toward making it a felony for the owner of a commercial vehicle to knowingly operate it without insurance.
State sets up a 'village' for insurance claims in Plantation, West Palm
Hurricane Wilma could deliver another serious financial blow to state-backed Citizens Property Insurance Corp., already crippled by claims from last year's storms.
Valley's flood insurance rates expected to decrease
And now for some good news about flooding. Kane County residents who have purchased government-backed flood insurance could get a break worth between $65 and $100 a year.
CHINA AIMS TO COLLECT US$12.3 BLN MORE IN SOCIAL INSURANCE FEES
Insurance China will continue to strengthen the collecting of social insurance fees, aiming to draw in 100 billion yuan (US$12.3 billion) more this year than in 2004, according to the Ministry of Labor and Social Security (MLSS).
BRITAIN FOR FASTER REFORMS IN BANKING, INSURANCE, LAW IN INDIA
Regulations / Law Britain would like to see faster liberalisation in sectors such as insurance, banking and law in India, its High Commissioner to India Michael Arthur said on Wednesday.
Britain For Faster Reforms In Banking, Insurance, Law In India
Britain would like to see faster liberalisation in sectors such as insurance, banking and law in India, its High Commissioner to India Michael Arthur said on Wednesday.
PHILIPPINES BUSINESS BRIEFS:BPI Insurance Unit OKs Merger
MANILA (Dow Jones)--Bank of the Philippine Islands (BPI.PH) said shareholders of its 49.38%-owned insurance company, Universal Malayan Reinsurance Corp., or UMRE, have approved its merger with National Reinsurance Corp. BPI said the merger still needs approval from the Insurance Commission and the Securities and Exchange Commission.
posted by gogo @ 2:05 AM
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RAND eyes uninsured in US terror insurance review
Congress should be more concerned about uninsured business losses than taxpayers' potential liability after a terrorist attack because single events are unlikely to trigger a federal payout under the U.S. terrorism insurance program, a RAND Corp. study said Tuesday.
Prudential to Bolster Egg, Move Beyond Life Insurance (Update1)
Oct. 26 (Bloomberg) -- Prudential Plc, Britain's second- largest insurer, will develop Internet bank Egg Plc as part of a wider U.K strategy and consider expanding beyond its focus on life insurance under new plans laid out by Chief Executive Mark Tucker.
Prudential to Bolster Egg, Move Beyond Life Insurance (Update2)
Oct. 26 (Bloomberg) -- Prudential Plc, Britain's second- largest insurer, may expand beyond its focus on life insurance while developing Internet bank Egg Plc under a new strategy laid out by Chief Executive Officer Mark Tucker.
New Type Of Insurance Shifts Responsibility To Consumers
Insurance experts, academics, policy advocates and officials gathered in Hartford Tuesday to discuss a new, but controversial breed of health insurance that shifts responsibility for managing health care expenses to patients.
Doctors get subsidies to offset insurance premiums
TRENTON New Jersey began sending out $11,000 checks to physicians in select categories Tuesday to help offset the premiums they pay to carry malpractice insurance, and maybe prevent them from fleeing to lower-cost states.
San Diego County Medical Society endorses malpractice insurance provider
The Doctors Company, a physician-owned medical malpractice insurance provider and the leading writer of California physicians, announced Tuesday it has received the endorsement of the San Diego County Medical Society (SDCMS).
Govt Studying Insurance Coverage For Rural Teachers
KUALA LUMPUR, Oct 26 (Bernama) -- The Education Ministry is studying a proposal to provide insurance coverage and sponsor fees to institutions of higher learning for teachers serving the rural areas.
Many term insurance policies require conversion
Dear Bruce: I am 70 years old and have a small-term insurance policy (not my only coverage) purchased through my credit union. I was recently notified that my term policy would expire when I become 75. I was offered the option of converting a portion or the entire policy amount to whole life.
Number of kids relying on government health insurance increases
The number of uninsured children and those who depend on government-sponsored programs is growing, according to a new report. The Wisconsin Council on Children and Families report, released today, found that 93 percent of Wisconsin's children have some form of health insurance coverage.
Report: More Wisconsin kids miss out on health insurance
Statewide statistics released today reinforce the concern of state and local officials that too many Wisconsin children are without health insurance.
posted by gogo @ 2:05 AM
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