Industry News

Barbican reveals reverse takeover for insurer Omega

Barbican has formalized its latest offer for Omega Insurance in the hope of fending off rival bids for the Lloyd’s of London specialist

Published: Fri, 23 Sep 2011 05:41:00 GMT


Uganda: SMEs Need Insurance Even More

Traders trying to salvage their goods in the recent Owino fire. Insurance mitigates the impact of such incidents A stitch in time saves nine. But many micro businesses owned by our mothers, fathers, brothers in Uganda have not taken on insurance , the

Published: Fri, 23 Sep 2011 05:41:00 GMT


2011 U.S. Health & Medical Insurance Carriers Industry-Capital & Expenses Report through bharat book bureau

The 2011 U.S. Health & Medical Insurance Carriers Industry-Capital & Expenses Report, published annually by Barnes Reports, contains timely and accurate industry statistics, forecasts and demographics. (

Published: Fri, 23 Sep 2011 05:33:00 GMT


Senen Jimenez is fighting his insurance company over damage to his Miramar home from Hurricane Wilma in 2005. And he’s not alone. “We probably still have approximately 3,000 open cases from Hurricane Wilma,”

Published: Fri, 23 Sep 2011 05:33:00 GMT


Texas Independent Health Insurance Agents Recognized at National Level

the organization’s national chapter, NAHU. TAHU is a professional organization of more than 1,900 independent health insurance agents. A recognition introduced earlier this year, NAHU’s Certification Program evaluates state and area chapters in key

Published: Fri, 23 Sep 2011 05:33:00 GMT


Published: Fri, 23 Sep 2011 05:33:00 GMT


Published: Fri, 23 Sep 2011 05:33:00 GMT


Mamun resigns as IDRA member

Dr. Muhammad Ziaulhaq Mamun has resigned as a member of the Insurance Development and Regulatory Authority (IDRA). Dr. Mamun submitted Wednesday his res

Published: Fri, 23 Sep 2011 05:15:00 GMT


MI School District to Cut 403b Contribution

Education Association calls for teachers to pay 12.5% of cost of their MESSA Choices II health care insurance for the first year of the contract. In addition, they will start paying $10 co-payments for office visits and deductibles of $100 for an

Published: Fri, 23 Sep 2011 05:15:00 GMT


State Insurance Divisions Differ From One Another in Terms of Addressing Repairer Concerns

It’s a common complaint among collision repairers: It’s not worth contacting the state insurance commissioner’s office because they don’t do anything about our complaints. To view a PDF of this article please click HERE. Yet in recent months,

Published: Fri, 23 Sep 2011 05:15:00 GMT


Exchanges may mean more insured, but may not lower costs

to demonstrate their ability to operate them – or the federal government will do it for them. Health insurance exchanges seek to increase transparency and potentially lower costs for healthcare insurance consumers. The establishment of the exchanges is

Published: Fri, 23 Sep 2011 05:03:00 GMT


Allianz Takaful, MedGulf announce partnership in Bahrain and Qatar

Allianz Takaful announced a partnership with MedGulf for the markets of Bahrain and Qatar to further develop their insurance platforms. To start the partnership Allianz Takaful will transfer 75% of Allianz Takaful to MedGulf BSC (Bahrain). In this new

Published: Fri, 23 Sep 2011 05:03:00 GMT


States Still Unclear on Health Insurance Exchanges

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Published: Fri, 23 Sep 2011 05:03:00 GMT


Rating Action on MRH’s MUSIC – Analyst Blog

Re U.S. Holdings Ltd., a wholly-owned subsidiary of Montpelier Re Holdings Ltd. (MRH), to divest Montpelier US Insurance Company (MUSIC), A.M. Best Co. has put the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of

Published: Fri, 23 Sep 2011 05:03:00 GMT


Fitch Ratings : insurance roadshow Amsterdam

Join Fitch Ratings at its annual Insurance Roadshow to hear about the opportunities and challenges facing the European and US Insurance sectors. Fitch’s senior analysts will be joined by leading figures from the Insurance market to

Published: Fri, 23 Sep 2011 05:03:00 GMT


Published: Fri, 23 Sep 2011 05:03:00 GMT


FEMA: Officials Urge Vermonters to Get Flood Insurance Before Sept. 30

Caused by Tropical Storm Irene, state and federal officials are encouraging Vermonters to sign up for federally-backed flood insurance before the end of the month, when the program is set to expire. While funding for the National Flood Insurance Program

Published: Fri, 23 Sep 2011 05:03:00 GMT


Tough Times For Rail Starting Fall 2011

Warren Buffett’s favorite sector (besides insurance and banking) is rail. American railroads had a good run for the past couple of years but now the rolling slowdowns in other sectors are hitting the rails (ha

Published: Fri, 23 Sep 2011 05:03:00 GMT


Insurance all play leading role in economic transformation â Jonathan

The Federal Government has said that the insurance sector will play a leading role in its transformation agenda. President Goodluck Jonathan said this at the inauguration of the permanent headquarters building of the National Insurance Commission in Abuja

Published: Fri, 23 Sep 2011 05:03:00 GMT


Bank of the West Names Mike Boub President of BW Insurance Agency

Bank of the West announced today that Mike Boub, national sales manager for BW Insurance Agency (BWIA), has been named to head the Fargo, N.D.-based insurance agency. “Mike has been a tremendous contributor to the bank’s success. In the past year alone

Published: Fri, 23 Sep 2011 05:03:00 GMT


Viewpoints: Ron Paul, USA Today on individual mandate; NYT’s Greenhouse on court challenges to health law

USA Today: Editorial: Everyone Should Be Required to Have Insurance. Massachusetts leads the nation in health insurance coverage of its citizens (5% or fewer are uninsured), and Texas is dead last (26% have no coverage). You’d think that former

Published: Fri, 23 Sep 2011 05:03:00 GMT


California: LTC lethargy continues

California residents are somewhat more likely to say they have thought about private long term care (LTC) insurance now than they were in 1994, but fewer than 10 percent have LTC coverage. The California Partnership for Long-Term Care, an arm of the

Published: Fri, 23 Sep 2011 05:03:00 GMT


Wait for bancassurance norms gets longer

time to come out. The regulator is considering the reaction to certain issues, such as protests from bank-backed insurance companies and the Life Insurance Corporation of India (LIC). The bancassurance report, which came out in June, recommended that

Published: Fri, 23 Sep 2011 05:03:00 GMT


Over 45,000 Sign Up For Federal Long-Term Care Insurance Program

More than 45,000 federal employees, spouses and same-sex domestic partners signed up for the Federal Long Term Care Insurance Program (FLTCIP) during the open season period earlier this year. The open season period, which ran from April 4 to June 24, allowed

Published: Fri, 23 Sep 2011 05:03:00 GMT


Roads Insurance Difficulties ‘Incredible’

of roads from natural disasters. Queensland Premier Anna Bligh says a worldwide search has failed to find any insurance company prepared to cover the state’s 170,000 kilometers of roads. Road damage accounted for almost half of the $6.8 billion repair

Published: Fri, 23 Sep 2011 05:03:00 GMT


Patron opposes FSC’s ‘churn’ proposals

Patron Financial Advice has opposed a Financial Services Council proposal to introduce a binding standard for insurance business, saying it would restrict consumer choice, unfairly penalize financial planners, and push

Published: Fri, 23 Sep 2011 05:03:00 GMT


1M more insured due to healthcare reform

WASHINGTON, Sept. 22 (UPI) — Healthcare reform, which allows children to stay on their parents’ insurance until age 26, means 1 million more young adults are covered, U.S. officials say. Data from the National Health Interview Survey showed in the first

Published: Fri, 23 Sep 2011 05:03:00 GMT


Published: Fri, 23 Sep 2011 05:03:00 GMT


Published: Fri, 23 Sep 2011 05:03:00 GMT


N.H. firm added to Cross’ roster (posted Today at 11:00am)

Bangor-based Cross Insurance has made another acquisition, this time in New Hampshire, marking its seventh acquisition in 2011. Cross yesterday announced it acquired Watson Insurance Agency in Manchester, N.H., for an undisclosed

Published: Fri, 23 Sep 2011 05:03:00 GMT


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