Archive for March, 2009

Court issues string of policyholder-friendly rulings in insurance cases (New Orleans Times-Picayune)

After siding with insurance companies in early rulings after Hurricane Katrina, the 5th U.S. Circuit Court of Appeal has suddenly cranked out a stream of policyholder-friendly rulings in hurricane cases….

Comments Off

Increase in bank failures threatens insurance fund (The Columbus Dispatch)

WASHINGTON — The head of the Federal Deposit Insurance Corp. has warned that the fund insuring Americans’ bank deposits could be wiped out this year unless the agency gets the money it is seeking in new fees from U.S. banks and thrifts.

Comments Off

Young adults put off health insurance (Tulsa World)

About 300,000 of Oklahoma’s uninsured are between 18 and 32. Insurance industry experts estimate that 20 percent of Oklahoma’s population is without health coverage. Of that 600,000 people, about half are between the ages of 18 and 32.

Comments Off

Ten tips for buying travel insurance (Daily Telegraph)

The internet is where to search for the best rates when buying travel insurance writes Sophie Butler.

Comments Off

Low-cost health insurance available in Broward, Palm Beach counties (Sun-Sentinel)

Health care Low-cost insurance offers safety net Losing health insurance coverage through an employer after a job loss can be a major blow. But laid-off and uninsured people should not give up because the area has a safety net: Local tax-supported health districts that provide medical care or comprehensive health coverage. For information:

Comments Off

Will insurance companies be next to fail?

The life insurance industry is weakening, and policyholders across the country are calling their agents to ask the same question: Is my policy safe? Probably. - RSS widgets and RSS feeds on Feedzilla.com

Comments Off

Former AIG Vice President Sentenced to Four Years in Prison for Role in Fraudulent Manipulation Scheme

WASHINGTON, Jan. 27 /PRNewswire-USNewswire/ — The former vice president of reinsurance of American International Group Inc. (AIG), was sentenced today to four years in prison for his role in a fraudulent scheme to manipulate AIG’s financial statements, th… - RSS and News widget on Feedzilla.com

Comments Off

More Than Half of Insurers May Be Downgraded By Fitch

(Bloomberg) — More than half of insurers worldwide may be downgraded by Fitch Ratings this year on declines in the value of their investments backing policies. “Many insurers are feeling significant pressures from the financial crisis,” the r… - RSS widgets and RSS feeds on Feedzilla.com

Comments Off

Marine Insurers Continue To Seek Increases For P&I Cover

Ship owners will experience another round of premium increases as underwriters have been seeking increases ranging from 10-29 percent for the 2009-2010 protection and indemnity insurance renewals, according to an executive with Aon. P&I is broad cover… - RSS news feeds and Widgets on Feedzilla.com

Comments Off

Reports names AIG’s derivative counterparties

The federal bailout of insurance giant American International Group Inc. has benefited at least two dozen U.S. and foreign financial institutions who collected some $50 billion, according to media reports Saturday.AIG _ once the world’s largest insurer _ i… - News widgets and RSS feeds on Feedzilla.com

Comments Off