Insurers News

Health Insurers Face New Scrutiny Over Price Hikes

U.S. health insurance companies that want to increase premiums by 10 percent or more next year would face tougher government scrutiny under new rules proposed Tuesday. The rules, called for under the sweeping healthcare law passed in March, would require …

Kentucky Builders, Insurer Partner in Workers’ Compensation Program

A builders’ association is teaming with Kentucky’s largest workers’ compensation insurer to offer a new workers’ compensation program to its members in Kentucky and southern Indiana. Kentucky Employers’ Mutual Insurance (KEMI) and the Associated Builders and Contractors of Kentuckiana (ABC) …

Georgia Insurers, Incoming Commissioner Plan Fraud Crackdown

Georgia’s insurance industry is teaming up with state authorities to launch an ambitious effort to crack down on the rising number of insurance fraud cases. Incoming Insurance Commissioner Ralph Hudgens, who takes office in January, said this week he plans …

Suspicious Claims Rose 12% in Q3, Insurers Report

Questionable property/casualty insurance claims rose 12 percent in the third quarter over last year, according to the latest reports from insurance companies. Through the third quarter of 2010, the National Insurance Crime Bureau received 70,295 referrals for questionable claims from …

U.S. Sues BP, Well Owners, Driller, Insurer for Gulf Oil Spill Damages

The Obama administration Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars. The lawsuit seeks damages from the …

Georgia Supreme Court Upholds Insurers in 2 Uninsured Motorist Cases

The Supreme Court of Georgia has ruled in favor of insurance companies in two cases involving how much people injured in car wrecks should get under uninsured motorists coverage. At issue was whether the two injured persons were entitled to …

Insurer Launches Ad Campaign Within Facebook Game ‘Car Town’

Building its brand messages directly into the game play of the popular social game Car Town – the only game on Facebook built around licensed automotive brands –State Farm today launched a six-month advertising campaign that lets players earn bonuses …

Insurer, Agent Help Rebuild West Virginia Fire Station

Sissonville Volunteer Fire Department is getting $10,000 from State Farm Insurance to help replace a fire station and three fire trucks destroyed in a blaze. The insurance company announced Friday it would donate the money to help rebuild the fire …

Insurers, Feds Jointly Pursue Financial Sector Cybersecurity Measures

Leading insurance and other financial services companies have signed a research agreement with federal homeland security officials to improve cybersecurity in the financial sector. Through a public-private sector memorandum of understanding signed on Dec. 6, the National Institute of Standards …

Insurer Covering Baby’s Surgery After Indiana Medicaid Denial

An Indiana infant born with a rare condition that likely would kill him by age 2 will receive a shot at a normal life after an insurance company said it will pay for an experimental procedure that the state’s Medicaid …