July 18, 2013
Insurance claims resulting from hail storm damage increased 84 percent in 2012 from their 2010 level, according to the National Insurance Crime Bureau. In 2010, there were 467,602 hail damage claims filed. That number increased to 689,267 in 2011 and …
July 18, 2013
Blue Cross & Blue Shield of Mississippi has told the state’s second-largest hospital owner that it will end its contract with the company’s 10 Mississippi hospitals at the end of August. The insurer sent the termination notice to Health Management …
July 18, 2013
Alabama Emergency Management Agency officials received an early wake-up call Tuesday and were told that a hurricane named Juliet had made landfall about 2 a.m. near Pascagoula, Miss. Hurricane Juliet wasn’t real, but the fictitious storm gave the EMA, local …
July 18, 2013
Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 million pounds). Resolution Life Holdings Inc., a …
July 18, 2013
Hoping to gain the high ground in an escalating war of words over Obamacare, the U.S. administration on Thursday forecast sharply lower than expected insurance costs for consumers and small businesses in new online state healthcare exchanges. A report by …
July 18, 2013
India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker vessels calling at Indian ports, in a move that should clear a backlog of non-oil shipments. The three-month extension …
July 18, 2013
The Federation of European Risk Management Associations (FERMA) announced that it has told the European Commission that “any new insurance solutions for catastrophe risks should be market based and respect freedom of choice for company insurance buyers.” FERMA made the …
July 18, 2013
French reinsurer SCOR Group announced that “the June flood event in Alberta, which resulted in mass evacuations of people from their homes and major disruption to the Central Business District of Calgary, may ultimately become the largest insured loss in …
July 18, 2013
The UK’s Financial Conduct Authority (FCA) [the successor to the FSA] has fined Swinton Group Limited, one of the country’s largest insurance retailers, £7,380,400 [$11.215 million] for mis-selling. After an investigation the FCA said it had “found that Swinton’s aggressive …
July 18, 2013
A Missouri appeals panel says it agrees with a lower court ruling that said a Kansas gun store is protected from lawsuits in a 2007 fatal shooting at a Kansas City mall. The Kansas City Star reports the appeals court …