Wednesday, October 31, 2012

Tuesday, October 30, 2012

To improve the profitability of insurance companies, Guy Carpenter launches a ProfitPoint+

Guy Carpenter has launched ProfitPoint+, an integrated portfolio management solution designed to help insurance companies improve profitability, enhance underwriting performance and drive growth.

Monday, October 29, 2012

Lawsuit Against Auto Club Alleges Unfair Use of Coverage History

A class-action lawsuit brought against Auto Club of Southern California by one of its former agents alleges that the insurer engaged in practices meant to dodge state regulations barring insurers from using prior coverage history to help determine the price of a policy or whether a driver is insurable.

Friday, October 26, 2012

Pension Insurance Corporation and Luxembourg-based Reinet agreed that Fund will invest up to £400 million in the business.

Pension Insurance Corporation (PIC), which provides insurance solutions for defined benefit pension funds, has completed a transaction whereby Luxembourg-based Reinet Fund will invest up to £400 million in the business.

Thursday, October 25, 2012

Homeowners can save substantial amounts of money by finding the best energy supplier!

The winter season is when the real worth of heating systems is evident, warming up millions of households as the temperatures drop dramatically outside.

Wednesday, October 24, 2012

From 2006 to 2011, direct earned premiums for lender-placed insurance more than tripled

BORROWERS who allow their homeowners’ insurance to lapse will often get stuck with a bill for much more expensive coverage, courtesy of their lenders.

Tuesday, October 23, 2012

The new guidance from of Aon Benfield

Aon Benfield has launched the “CRO Guide to Solvency II”, a new report aimed at helping chief risk officers (CROs) maintain a competitive position and boost financial strength while meeting regulatory compliance.

Monday, October 22, 2012

Independent Insurance Agencies said the number of independent agencies has grown

Insurance Navy, a leading independent insurance agency in Chicago and Northwest Indiana areas said that findings of recent studies showing that the number of independent agencies has grown to 38,500 in 2010, up from 37,500 in 2006 come as no surprise.

Friday, October 19, 2012

Munich Re: Climate change leads to a redistribution of insurance claims

A new study from Munich Re shows that North America has been most affected by weather-related extreme events in recent decades – the continent being exposed to every type of hazardous weather peril, partly because there is no mountain range running east to west to separate hot from cold air.

Thursday, October 18, 2012

HealthCompare developed a program Health insurance options people to Quit drinking alcohol and smoking tobacco

The nationally recognized health insurance comparison site, HealthCompare, understands quitting smoking is hard enough, even for the healthy. But for those that suffer a second addiction with alcohol, it’s almost impossible.

Wednesday, October 17, 2012

Now the homegrown insurer wants to grow a little more.

Florida Peninsula Insurance Co. decided 2005 was a good time to get into the property insurance market when others were getting out. Months after the Palm Beach County-based carrier entered the market, Hurricane Wilma hit. "You could question our timing," said CEO Roger Desjadon, "but we're experienced and road-tested."

Tuesday, October 16, 2012

Reforms in the insurance test positive on Rates

The effect of no-fault coverage reform is taking shape as the Florida Office of Insurance Regulation (FLOIR) released more data this week from the rate filings of large-scale insurers, which are supposed to reflect cost savings from the provisions of the reform law.

Monday, October 15, 2012

Allstate Expanded with the use of technology Drive Wise

Allstate recently announced that it is expanding its usage-based insurance (UBI) product, called Drive Wise, into more states this year, with further expansion planned for next year.

Friday, October 12, 2012

Willis and Zurich introduce full e-Accounting

Willis has launched a full electronic accounting process with the London-based operations of Zurich Global Corporate UK, using the current (2010.2) ACORD data standard and exchanging messages via TMEL (The Message Exchange Limited).

Thursday, October 11, 2012

Zurich in North America (ZNA) appointed a new chief financial officer

Zurich in North America (ZNA) has appointed Dalynn Hoch as its new chief financial officer. She is based in Zurich’s North American headquarters in Schaumburg, Ill.

Tuesday, October 9, 2012

Aviva’s research, a third of employees feel that mental health remains a “taboo”!

Increased understanding of mental health issues at work has prompted a steady rise in the number of UK employees claiming for psychiatric disorders on both income protection and private medical policies, Aviva reports.

Monday, October 8, 2012

Rachel Perry appointed Managing Director of Aon Risk Solutions in the Atlanta office

Aon Risk Solutions, the brokerage and risk management business of Aon plc, recently announced the addition of Rachel Perry as managing director and Southeast region casualty leader in the Atlanta office.

Friday, October 5, 2012

EU adopted new rules for the insurance sector

EU insurance watchdog EIOPA on Friday blasted "stagnation" in political talks to finalize new risk-capital rules for the insurance sector in a strongly worded letter to the EU Commissioner in charge of regulation, Michel Barnier.

Thursday, October 4, 2012

Health insurance reform - problems and solutions!

The Maine Center for Clean Elections (MCCE) has issued a report linking the health insurance reform passed last year to greater contributions by Anthem to Republican candidates than in the past.

Wednesday, October 3, 2012

Horace Mann, Progressive Companies Hike Rates

The latest batch of filings from Pennsylvania regulators, consisting mostly of hikes to insurance prices, means that consumers retrieving an auto insurance quote online could see a handful of new, higher rates.

Tuesday, October 2, 2012

United HealthCare is launching a program that gives small business owners more plan.

In a bid to increase its 5 percent share in the local health insurance market, United HealthCare is launching a program that gives small business owners more plan options to offer their employees.

United's Multi-Choice allows employers with 50 or fewer workers to select any number of plans among 30 separate options, from high-deductible to full-coverage plans.

Monday, October 1, 2012

Health Insurance At Work Will Cost You More

It will take a bigger money pile to pay for your health insurance again.

If you get health insurance at work, it's just about time to pick your plan again. The good news for this open enrollment season is that premiums aren't expected to increase quite as much for 2013 as they did this year.