Insurance News

May

Records: Joplin twister was costliest since 1950 - Kansas City Star

2012-05-19

Kansas City StarRecords: Joplin twister was costliest since 1950Kansas City StarBy DAVID A. LIEB AP FILE - In this May 25, 2011 file photo, Shirley Waits sits outside her mother's home and waits for an insurance adjuster to arrive, in Joplin , Mo., after a massive tornado moved through Joplin three days earlier, leveling much of ...2011 Joplin, Mo., tornado costliest since at least 1950Gadsden Timesall 262 news articles »

May

Insurance Firm Is Set Up for Land Trusts, Which See Legal Costs Soaring - New York Times

2012-05-19

New York TimesInsurance Firm Is Set Up for Land Trusts, Which See Legal Costs SoaringNew York TimesThe national Land Trust Alliance came up with the idea of creating an insurance company to help trusts with legal costs, and it petitioned the Internal Revenue Service to grant the new company, called Terra Firma, nonprofit status.

May

FDIC closes small bank in Alabama - Philadelphia Inquirer

2012-05-19

FDIC closes small bank in AlabamaPhiladelphia InquirerThe Federal Deposit Insurance Corp. said Friday that it closed Alabama Trust Bank NA in Sylacauga. The bank had about $51.6 million in assets and $45.1 million in deposits as of March 31. Southern States Bank, based in Anniston, Ala., agreed to take ...Alabama Trust is year's 24th US bank failureMarketWatchRegulators Close Small Bank In Alabama; US Bank Closures Reach 24 In 2012RTT Newsall 95 news articles »

May

Camargo Insurance Agency, Inc. Offers an Interactive Way to Purchase Insurance ... - San Francisco Chronicle (press release)

2012-05-19

Camargo Insurance Agency, Inc. Offers an Interactive Way to Purchase Insurance ...San Francisco Chronicle (press release)Camargo Insurance Agency has partnered with Astonish Results, LLC - a digital marketing and insurance sales training company that specializes in modernizing the way by which the independent insurance industry does business - to create an innovative new ...and more »

May

Federal flood insurance compared to President Barack Obama's health care overhaul - NOLA.com

2012-05-19

Live Insurance NewsFederal flood insurance compared to President Barack Obama's health care overhaulNOLA.comCandice Miller no doubt made some of her GOP colleagues uneasy last week when she railed against the federal flood insurance program that members were about to extend for another 30 days. She compared it to President Barack Obama's health overhaul ...Flood Insurance Program Still in LimboWall Street Journal (blog)House of Representatives votes on 30-day flood insurance program extensionLive Insurance NewsSchumer on Flood Insurance BillWBNG-TVLoanSafe -The Advocate -Insurance News Net (press release)all 79 news articles »

May

Windham officials worry self-insurance too risky - Norwich Bulletin

2012-05-19

Windham officials worry self-insurance too riskyNorwich BulletinBy FRANCESCA KEFALAS If the Board of Finance's initial reaction to the idea of moving to self-insurance is any indication, the plan could be dead before it begins. Board of Finance members said they reacted strongly to the idea of moving both Board of ...and more »

May

California Insurance Agency, Best Buy Insurance, Provides Tips for Planning a ... - San Francisco Chronicle (press release)

2012-05-19

California Insurance Agency, Best Buy Insurance, Provides Tips for Planning a ...San Francisco Chronicle (press release)The locally based California insurance agency, Best Buy Insurance, provides tips to help their community have a safe and happy summer! Ontario, California (PRWEB) May 19, 2012 The locally based California insurance agency, Best Buy Insurance, ...and more »

May

NY to boot crooked doctors from no-fault insurance - Wall Street Journal

2012-05-19

NY to boot crooked doctors from no-fault insuranceWall Street JournalAP ALBANY, NY — Insurance regulators plan to start kicking crooked doctors out of New York's no-fault program next month, calling them linchpins in fake-accident scams that cost insurers and ultimately policyholders hundreds of millions of dollars.and more »

May

Erie Insurance Arena suite plan back on track - GoErie.com

2012-05-19

Erie Insurance Arena suite plan back on trackGoErie.comBy KEVIN FLOWERS, Erie Times-News Now that Erie Insurance Arena has an additional $3 million for its extensive makeover, the Erie County Convention Center Authority has resurrected plans to build and market 13 luxury suites at the downtown ...

May

Insurers pulling back on hurricane discount - Sarasota Herald-Tribune

2012-05-19

First Coast NewsInsurers pulling back on hurricane discountSarasota Herald-TribuneEnglewood resident Bob Dodds spent $12000 on hurricane shutters and other storm protections in recent years, but Citizens Property Insurance recently informed the 72-year-old retired high school teacher that his insurance discount for wind mitigation ...All pain, no gain for Citizens insurance customersSun-SentinelCitizens Property Insurance Corp. mulls rate increasesFlorida TodayCitizens Property Insurance's board chairman wants legislators involved in ...Tampabay.comwmbb -Pensacola News Journal -NorthEscambia.comall 130 news articles »

May

Farmers Insurance Announces Partnership With the Golf Coaches Association of America

2012-05-18

LOS ANGELES, CA-- - Farmers Insurance, the sponsor of the PGA TOUR's Farmers Insurance Open, is proud to announce a partnership with the Golf Coaches Association of America as the presenting sponsor of ...

May

Insurance broker admits defrauding Philly Housing Authority

2012-05-19

A politically connected insurance broker pleaded guilty Friday to defrauding the Philadelphia Housing Authority of $2.3 million and is now naming names for federal authorities of public officials and others who allegedly have accepted bribes or kickbacks in return for business.

May

NY hearings on 'forced' insurance in foreclosure

2012-05-18

Premiums for so-called force-placed insurance have more than tripled since 2004, producing enormous profits for insurers and the banks that take out policies when a homeowner fails to maintain coverage required by the mortgage, according to New York regulators.

May

Insurance

2012-05-19

The good uncle says that if there are life principles he wants to teach young people, they are two: Buy insurance and back up your files.

May

Backers of health insurance rate regulation edge closer to ballot

2012-05-18

Supporters of a proposed ballot measure seeking tighter regulation of health insurance rates in California turned in 800,000 petition signatures, confident that they will qualify for the Nov. 6 election. Supporters of a proposed ballot measure seeking tighter regulation of health insurance rates in California turned in 800,000 petition signatures, confident that they will qualify for the Nov. 6 ...

May

Wells Fargo Insurance Reaches $1 Million Milestone in Awards to the Fire Service

2012-05-17

Wells Fargo Insurance – part of Wells Fargo & Company – announced today it has awarded $7,499 to the Cordelia Fire Protection District in Fairfield, CA, becoming the only broker to provide $1 million in grants to local fire departments and burn prevention organizations through the Heritage Program® at Fireman’s Fund Insurance Company.

May

Insurance Commissioner Dave Jones Announces Good News for California Drivers

2012-05-16

SACRAMENTO, Calif., May 16, 2012 /PRNewswire/ -- Insurance Commissioner Dave Jones today announced important changes to the California Low Cost Automobile Insurance Program. Beginning May 15, the cost ...

May

Michigan CO-OP Awarded $72 Million to Provide Health Insurance Options in 2014

2012-05-18

LANSING, Mich., May 18, 2012 /PRNewswire/ -- The Centers for Medicare and Medicaid Services (CMS) today announced its award of $72 million in financing for the new Michigan Consumers Healthcare CO-OP (MCHCO), ...

May

Insurance Networking News, Celent Announce Top Technology Vendors In 2012 Customer Survey

2012-05-16

ORLANDO, Fla., May 16, 2012 /PRNewswire/ -- ( http://www.myprgenie.com ) -- Insurance Networking News (INN) and Celent released INN's sixth annual technology solution provider ranking for the insurance ...

May

Selective Insurance Group Announces Officer Appointments

2012-05-16

BRANCHVILLE, N.J., May 16, 2012 /PRNewswire/ -- Selective Insurance Group, Inc. (SIGI), announced the following appointments by its subsidiary, Selective Insurance Company of America:Sarita Chakravarthi ...

May