Insurance News

Posts Tagged ‘Insurance

Cleveland, OH — March 1, 2011 — Selman & Company, a leading insurance marketing and administrative services provider, and Podiatry Insurance Company of America announced the completion of Selman & Company?s acquisition of the Life & Health Insurance Business of PICA Group Services of Nashville, T.

?Three of the four markets we serve through the marketing and administration of life, health and related insurance product offerings Read the rest of this entry »

If you?re a homeowner, chances are your house is worth less than it was five years ago. But you could still be paying more to insure it.

Despite the deep housing bust of the last few years, the cost of rebuilding a damaged home – in other words, what you pay insurance for – has not changed much, according to industry experts.

That means that unless you have reduced coverage or increased your deductible, chances are you are paying Read the rest of this entry »

MINNEAPOLIS — The federal government proposed Thursday to reward farmers who use crop insurance and demonstrate good management practices that limit their losses.

The awards under the Good Performance Refund plan would average about $1,000 per eligible farmer, and payments would go out in the first quarter, in time to help with spring planting, said William Murphy, administrator of the U.S. Department of Agriculture’s Risk Management Agency. Read the rest of this entry »

Mercury Insurance, a top rated California automobile insurer, recently announced a planned $72 million premium lowering that could see at least 10% of California drivers qualify. Along with this price slash is other programs such as an announced group discount plan for university alumni and the addition of a 24-hour Roadside Assistance initiative for individuals with comprehensive and collision insurance.

?Mercury?s already Read the rest of this entry »

Excessive billings by medical mills, fraudulent companies that provide few if any real health care services to the public, are a key factor in driving New York State’s no-fault automobile insurance fraud crisis. New data shows the problem with medical mills’ excessive treatment is growing, according to the New York Alliance Against Insurance Fraud (NYAAIF).

During the first six months of 2010, questionable liability insurance claims involving Read the rest of this entry »

Excessive billings by medical mills, fraudulent companies that provide few if any real health care services to the public, are a key factor in driving New York State’s no-fault automobile insurance fraud crisis. New data shows the problem with medical mills’ excessive treatment is growing, according to the New York Alliance Against Insurance Fraud (NYAAIF).

During the first six months of 2010, questionable liability insurance claims involving Read the rest of this entry »

Excessive billings by medical mills, fraudulent companies that provide few if any real health care services to the public, are a key factor in driving New York State’s no-fault automobile insurance fraud crisis. New data shows the problem with medical mills’ excessive treatment is growing, according to the New York Alliance Against Insurance Fraud (NYAAIF).

During the first six months of 2010, questionable liability insurance claims involving Read the rest of this entry »

As the nation marks nine years since the 9/11 attacks, the Obama administration’s plans to cut a federal stop-loss program for terrorism insurance would reduce the availability and increase the cost of coverage for acts of terrorism, a property-casualty think tank said Friday.

The Terrorism Risk Insurance Act of 2002 was a result of the 9/11 terrorist attacks. The government functions as a reinsurer to private insurers that offer terrorism Read the rest of this entry »

Citizens Property Insurance Corp. officials were questioned Tuesday about the insurer’s request for an average 8.4 percent statewide rate hike.

That includes an average increase of as much as 11.3 percent in parts of South Florida and a 9.3 percent statewide rate hike for policies that cover homes, condominium units, renters, mobile homes and vacation or rented property.

Some policyholders’ rates would decrease under the proposal. Regulators Read the rest of this entry »

Away from New Orleans, with its unique geography and dependence on levees, discussion of hurricanes inevitably turns to insurance. After Katrina struck in 2005, there was much talk about reforming insurance programs in coastal areas to protect taxpayers and promote responsible development.

By and large, much of this talk has remained just that. Several states — among them Mississippi, Louisiana and both Carolinas — have made important strides Read the rest of this entry »