Latest insurance news

Huge rises in car insurance premiums for city motorists

Car insurance premiums have seen a steep 14% increase in the past year according to the AA British Insurance Premium Index. This is the highest rate increase on record and average premiums for comprehensive motor cover jumped by 5.6% in the third quarter of the year, the biggest quarterly increase since the AA first started monitoring the market in 1994. A City Car Club survey showed that mostly t... [more]

Drivers struggle to understand the terms used in their car insurance policy

According to research by swiftcover.com, almost one in five drivers (18%) think car insurance policies are purposely designed to confuse them. The survey found that 42% of Brits struggle to understand the terms used in their car policy, leaving them uncertain over what they are actually covered for. Nearly a quarter of people (23%) have no idea what voluntary excess means, despite the fact that... [more]

Holidaymakers must make sure they have adequate travel insurance

Sainsbury’s Travel Insurance estimates that some 11.3 million Britons, over a third (37%) of those who went on holiday this summer, did so without any travel insurance to cover their trip. The new research from Sainsbury’s Travel Insurance indicates that those under the age of 34 were most likely not to bother buying travel insurance. With the travel insurance industry paying out just under £40... [more]

Carole Nash enters military vehicle market

Carole Nash has entered the military vehicle market pledging to repeat the success it achieved in the highly specialist motorcycle insurance sector where it is market leader. And it says its new policies have been directly influenced by feedback from military vehicle owners themselves. “Prior to launch we conducted extensive research which included taking our draft proposals out to enthusiasts.... [more]

Get £30 off your car insurance when you buy at least 30 litres of TOTAL EXCELLIUM

TOTAL has partnered with swiftcover.com to give away £30 off car insurance when you buy at least 30 litres or more of its advanced fuel TOTAL EXCELLIUM (unleaded or diesel fuel). From now until 3rd November 2009, customers will be given a voucher when they buy 30 litres or more of fuel at selected TOTAL forecourts. This voucher can then be redeemed online when purchasing car insurance with s... [more]

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Insurance Software facilitates property and casualty processing. (ThomasNet)

Built on model-driven, service-oriented architecture that embeds full enterprise service bus in system, StoneRiver Stream(TM) Suite includes Customer Stream(TM), Distribution Stream(TM), and Billing Stream(TM) - Direct, which can be used individually or together. Emphasis is on speed with straight through processing, web quote and submission, and built-in work management. By providing business ...

An Occasional Review of Auto Insurance Policies May Lower Premiums (PR Newswire via Yahoo! Finance)

The average motorist has the tendency of purchasing an auto insurance policy and continues paying premiums without reviewing whether the current coverage listed is still beneficial or if the rate being paid for protection is still competitive; OnlineAutoInsurance.com advises consumers to revisit their policies to ensure that they are not overpaying for coverage or maintaining unnecessary ...

Msdienste.de (MS Dienste)

Diese Domain jetzt kaufen! Save Hundreds on Car Insurance ! Get Your Free Quote in Minutes. StateFarm.com/Car

Kathleen Sebelius Pushes Health Care Reform In Front Of Insurance Companies (SPEECH EXCERPTS) (The Huffington Post)

The head of the Health and Human Services Department sketched out a stark choice for the nation's insurers: oppose reform and eventually lose customers, or work with the Obama administration to improve the legislation.

West Point Underwriters Selects DRC's DecisionMaker Rating Enterprise Solution (PropertyandCasualty.com)

Decision Research Corporation (DRC), a rating and policy processing software solution provider to the property & casualty insurance industry, announced recently that West Point Underwriters (WPU), a Florida based Managing General Agency and Backroom Processing Operation for personal & commercial homeowners and property insurance, has selected Decision Research's (DRC) DecisionMakerT Rating ...

Excerpts from Secretary Sebelius's Address to America's Health Insurance Plans (The White House)

**As Prepared for Delivery** Please find below excerpts from Secretary Sebelius’s remarks at the AHIP conference, scheduled for 10:30 this morning, as prepared for delivery. “I’ve met with many of you, and heard how the increasing number of young, healthy Americans leaving the market in this economy has forced up your risks, and therefore, your rates. But put yourselves in the shoes of your ...

WPS Health Insurance Announces Fixed-Rate Individual Health Insurance Plan for Wisconsinites Ages 60-64 (PR Newswire via Yahoo! Finance)

WPS Health Insurance today announced WPS Bridge65, a new individual health plan for people ages 60 to 64 who want the security of a fixed monthly premium. The WPS Bridge65 monthly rate can be "locked" for up to five years, offering peace of mind to anyone concerned about rising health insurance costs.

Pittsburgh Pirates Team Report (USA Today)

Paul Maholm pitched one scoreless inning to start the Pirates' exhibition season and pronounced that the left knee injury that had an impact on his 2009 season was no longer a factor.

AIG's Taiwan sale hit by regulator scrutiny

The attempted $2.2bn purchase of AIG's Taiwan insurance unit by a Hong Kong consortium is facing intense scrutiny amid concerns the buyers are backed by Chinese funds

UK results: Morrison to continue expansion

Thursday's UK results round-up: WM Morrison outlines its plans to continue its expansion programme and JD Wetherspoon posts record half-year profits

Old Mutual puts US life business up for sale

Insurer confirms it is exploring a sale of its US life assurance arm, adding that it also envisages an initial public offering of shares in its US asset management business

Standard Life eyes pension growth

David Nish, the chief executive of the insurance group, says there are 'great' opportunities in the UK pensions business as it reports better-than-expected full-year profits for 2009

Fortis fined over market manipulation

The Belgian insurance group is fined €576,000 by the Dutch financial regulator for market manipulation and late publication of market-sensitive information in 2008

AIG / Nan Shan

The bidders' in Taiwan's biggest inbound financial deal face suspicions that they are backed by China-sourced funds

Insurers challenged on US healthcare

Kathleen Sebelius, US health secretary, threw down the gauntlet to the health insurance industry, telling executives "it's not too late to work together" and pass healthcare reforms

Study says longevity hedges can help funds

Pension schemes seeking to offload risk that their members live longer face a long and complex process but could stabilise liabilities and free up cash

AIG sells Alico to MetLife for $15.5bn

AIG took another step away from its troubled past, selling its non-US life assurance business to MetLife in a deal that will enable it to settle part of its debts to US taxpayers

Largest UK groups take pensions bet

The study, prepared by actuarial consultants Hymans Robertson, concluded that most pension schemes run by FTSE 350 companies were not a significant financial burden

Other insurance news

NAR Calls for Affordable, Comprehensive, Proactive Disaster Insurance Policy (Marketwire via Yahoo! Finance)

WASHINGTON, DC--(Marketwire - 03/10/10) - U.S. policy toward natural catastrophe risk is largely reactive and a comprehensive, forward-looking national natural disaster policy is needed, the National Association of Realtors said in testimony to two House panels today. Charles McMillan, immediate past president of NAR, told Congress that it must improve affordability of property insurance for ...

NAR Calls for Affordable, Comprehensive, Proactive Disaster Insurance Policy (Marketwire)

WASHINGTON, DC--(Marketwire - March 10, 2010) - U.S. policy toward natural catastrophe risk is largely reactive and a comprehensive, forward-looking national natural disaster policy is needed, the National Association of Realtors ® said in testimony to two House panels today.

Sebelius warns insurance execs of demise (The Washington Times)

Health and Human Services Secretary Kathleen Sebelius warned insurance executives Wednesday that failing to support President Obama's comprehensive plan to reform U.S. health care likely will result in their demise. "We are in a situation where the market is unsustainable," Mrs. Sebelius said at the American Health Insurance Plans national policy conference in Washington. "You can choose to ...

Insurance cover likely for railway accident victims (Hindustan Times)

The railways may soon draft an insurance policy covering the hospitalisation costs of railway accident victims. The Bombay High Court on Wednesday asked a private reinsurance firm to come up with guidelines for the insurance scheme and asked the railways authorities to consider it.

Insurance Department releases ‘Medigap’ guide (Mississippi Business Journal)

JACKSON — The difference between what Medicare covers and actual medical bills can put an extra financial burden on the already strained budgets of Mississippi Medicare recipients. Many seniors turn to a Medicare supplemental insurance (Medigap) policy to ease that gap.

Hexaware Strengthens Insurance Capabilities; Forges Strategic Partnership With eBaoTech (PropertyandCasualty.com)

Hexaware Technologies, a leading global provider of IT & BPO services and consulting, recently, announced a global partnership with eBaoTech, a leading provider of a complete suite of new generation core application software and services for life and general insurance industries

Interstate health insurance fails (Tacoma News Tribune)

A bill giving Washington consumers an opportunity to buy health insurance from other states died in the Legislature this year under pressure from advocates for mental health equality, massage therapists and others.

Guidewire Wins Insurance Canada.ca's 'Best In Class Technology Provider - Insurer Solutions' Award (PropertyandCasualty.com)

Guidewire Software, a leading provider of flexible core systems to property/casualty insurers, recently announced that it has won an Insurance Canada.ca Technology Award (ICTA)

An Occasional Review of Auto Insurance Policies May Lower Premiums (PR Newswire via Yahoo! Finance)

Louisiana Legislature Should Ask Tough Questions About Insurance (Bayou Buzz)

A number of Louisiana legislators are feeling increasing heat back in their districts about why Louisiana continues, year after year, to have the highest insurance rates in the nation. A small deep southern state should be way down the list of most expensive states.