Saturday, October 15, 2005

Insurance News 10/15/2005

Rate hikes of up to 135.5% proposed for hurricane insurance in S. Florida

Palm Beach County homeowners who rely on state-backed Citizens Property Insurance Corp. for hurricane coverage could face major increases in the rates they pay, with premiums more than doubling in some coastal communities.

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Buy only the life insurance you need

Without a doubt, life insurance should be an important part of many people's financial plan. Having heard that, don't be scared into buying insurance you don't need.

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Once More, With Feeling: Who Needs Insurance?

Without a doubt, life insurance should be an important part of many people's financial plan. Having said that, don't be scared into buying insurance you don't need.

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GE boosted by increased demand, insurance sale

General Electric Co.'s third-quarter earnings climbed 15 percent, bolstered by demand for products ranging from jet engines to credit cards and the sale of a stake in an insurance company. Net income rose to $4.68 billion, or 44 cents a share, from $4.07 billion, or 38 cents, a year earlier, Fairfield, Conn.-based GE said in a statement Friday.GE is the world's biggest provider of power-plant

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Should Age of Mother Factor in Fertility Insurance Coverage?

As more states mandate insurance coverage for fertility treatments, debate over age limits emerges.

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County's Health Insurance Cost Rises

By Jennifer Learn-Andes, Wilkes-Barre, Pa., Times Leader Oct. 14--Health insurance costs are estimated to rise 15 percent for Luzerne County government workers in 2006.

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Farmers Insurance Group Announces Hybrid/Alternative Fuel Vehicle Discount for California Customers; First Insurance

What: Farmers Insurance announces it will offer a discount to California auto insurance customers who own a hybrid / alternative fuel vehicle. Farmers is the first insurance company in the nation to offer this type of discount.

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Governor Backs Plan For Disaster Insurance

TAMPA -- Gov. Jeb Bush expressed support Friday for federal legislation to create a nationwide insurance program for disasters. Speaking at a hurricane preparedness forum, Bush backed a bill in Congress to create the insurance fund, but with some qualifications.

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Insurance coverages extended

State Insurance Commissioner Robert Wooley has ordered insurance companies to keep covering victims of Hurricane Katrina even if they can't pay their premiums.

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Centre plans task force on health insurance

The ministry of health and family welfare is toying with the idea of setting up a Task Force in a bid to evolve innovative and low cost health insurance programme. This will form part of the National Rural Health Mission.

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