Insurance

First reported 7 hours ago - Updated 1 hour ago - 3 reports

McCaskill Talks Jobs in Springfield Ahead of Crucial Senate Vote

Targeted News ServiceSPRINGFIELD, Mo., Aug. 26 -- The office of Sen. Claire McCaskill, D-Mo., has issued the following news release:U.S. Senator Claire McCaskill today visited Custom Metalcraft to meet with executives and employees, and rally support ... [Published Insurance News Net - 1 hour ago]
First reported 20 hours ago - Updated 2 hours ago - 8 reports

Senate passes insurance bill now backed by Uber, Lyft

The California Senate passed a bill Wednesday that would add new insurance requirements on Uber and Lyft, the ridesharing companies that now support the measure after vigorously opposing it all year. The companies were successful this week in greatly ... [Published Sacramento Business Journal - 2 hours ago]
First reported Aug 27 2014 - Updated 3 hours ago - 3 reports

Competition, Earnings Pressure, Threatens Global Reinsurer Ratings: S

[Originally published on 8/14/2014]The increased competition in the global reinsurance market, created by excess capital which is driving down rates, could threaten the ratings of global reinsurers and create greater volatility in their earnings, warns ... [Published Seeking Alpha - 3 hours ago]
First reported 6 hours ago - Updated 4 hours ago - 3 reports

Ex-Arista liability boss cites market ambitions for Gresham switch

Managing general agent Gresham Underwriting has confirmed the appointment of Arista’s head of liability Tony Collman to the position of chief underwriting officer.Before joining Arista in January 2011 , Collman, pictured , served as liability manager ... [Published Insurance Insight - 4 hours ago]
First reported 5 hours ago - Updated 5 hours ago - 3 reports

MOVES-Direct Line Insurance Group appoints Sebastian James to its board

Aug 28 (Reuters) - U.K.-based general insurer Direct Line Insurance Group PLC appointed Sebastian James to its board as a non-executive director.James, who has held senior positions in retail, consulting and insurance sectors, comes from Dixons Carphone ... [Published Yahoo! Finance - 5 hours ago]
First reported 15 hours ago - Updated 5 hours ago - 3 reports

Munich Re Joins Broker Steadfast to Acquire Australia’s Calliden Insurance Operations

Munich Re’s primary insurance subsidiary Great Lakes Australia (GLA) has reached an agreement to support Australia’s largest broker network, Steadfast Group in their proposed acquisition of Calliden Group Ltd.Munich Re said it plans to “acquire the authorized ... [Published Insurance Journal - 5 hours ago]
First reported Aug 27 2014 - Updated 5 hours ago - 4 reports

Health Insurance Should Be Incentivized for People to Make Health Insurance a Big Movement in the Country: Dr Harsh Vardhan

Targeted News ServiceNEW DELHI, Aug. 27 -- The Confederation of Indian Industry issued the following news release:The National Health Assurance Mission is a priority for the Government, said Dr Harsh Vardhan, Minister of Health and Family Welfare, Government ... [Published Insurance News Net - 5 hours ago]
First reported Aug 27 2014 - Updated 5 hours ago - 15 reports

Insurance losses from catastrophes fall in 2014

The figures from the firm’s Sigma database found that of these, natural catastrophe-related insurance claims made up $19bn, which was also down from $21bn in the same period last year.Overall, total economic losses from disaster events were $44bn, and ... [Published The Actuary - 5 hours ago]
Entities: Snow Storm, Sigma, Disaster
First reported 23 hours ago - Updated 6 hours ago - 5 reports

Capital Insurance Group hires Arne

Western region property and casualty insurer Capital Insurance Group has hired Arnold Chatterton as president and CEO.Chatterton’s hire follows the retirement of Peter Cazzolla, who is stepping down from his leadership role after 21 years. He will stay ... [Published Captive Insurance Times - 6 hours ago]
First reported Aug 27 2014 - Updated 10 hours ago - 6 reports

Steadfast on Calliden acquisition: ‘No plans to rebrand’

Steadfast has no plans to rebrand the eight Calliden agency businesses it will keep after selling Calliden ’s general insurance operations and the Business Package and Middle Market Agencies portfolios to Munich Re Group.As reported yesterday, Steadfast ... [Published Corporate Risk & Insurance - 15 hours ago]
First reported Aug 27 2014 - Updated 17 hours ago - 5 reports

New Zealand: Court allows multiple insurance claims on building

Property investor, Ridgecrest NZ, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. The court ruled that IAG - New Zealand's biggest general insurer ... [Published Asian Insurance Directory - 17 hours ago]
First reported Aug 26 2014 - Updated 23 hours ago - 8 reports

ICBC Requests 5.2% Rate Hike

The Insurance Corporation of British Columbia is asking the provincial utilities commission for a 5.2 percent increase to its basic auto rates, due to a spike in injury claims costs.ICBC says it paid out $1.9 billion in injury claims last year—a modest ... [Published Canadian Insurance Top Broker - Aug 27 2014]

Quotes

"The controversy surrounding the use of power morcellators in laparoscopic hysterectomies and fibroid removals shows no signs of abating. We are not surprised that UPMC and other insurers are rethinking these procedures" says Bernstein Liebhard LLP, a nationwide law firm representing victims of defective drugs and medical devices...
"This is an important issue," Johnson said. "We obviously don't want them to lose their federal flood insurance availability."
"We think that this is a good opportunity for the rural part of the county" Oldroyd said, adding that the company also had considered Colton, California , and Sugarland, Texas , for the $30.4 million expansion
Regardless of the financial impacts of federal health care reform, Couture says, "We're going to continue to stay very consistent with our mission, and our mission is to care for the poor and vulnerable."

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