Insurance News

Posts Tagged ‘post

If health insurers are hoping to keep Washington out of their industry, they’re going about it in a strange way.

A new report by health care activists shows that the nation’s five largest health insurers covered fewer people last year and still piled up combined profits that were 56 percent higher than the previous year. This is what prompts governments to regulate.

The soaring cost of health care is threatening to drive the American Read the rest of this entry »

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Louisiana?s top insurance regulator said Citizen?s Property Insurance Corp. will be able to post a $95 million bond so the state-backed carrier can appeal a crushing $92.8 million judgment.

Insurance Commissioner Jim Donelon said he was ?certain? it would not be necessary to assess Citizens? policyholders for the cash to appeal to the Louisiana State Supreme Court in a case involving Hurricane Katrina claims.

Mr. Donelon Read the rest of this entry »

NEW YORK (Reuters) – Hartford Financial Group (NYSE:HIG – News) posted its third straight net loss and said it plans to stop selling new policies in Japan and the United Kingdom, as the insurer reeled from the same weak financial markets that triggered a net loss at MetLife Inc (NYSE:MET – News).

Both posted results worse than analysts had expected, and their shares dropped after hours, with Hartford down 12 percent.

But Hartford Read the rest of this entry »

HOUSTON (AP) The Federal Emergency Management Agency has denied nearly 650,000 applications for housing aid after Hurricane Ike hit southeast Texas, finding that nearly 90 percent of all claimants were ineligible for FEMA help.

Those rejected and their attorneys say the inspectors are unqualified or poorly trained and the inspection system is flawed in ways that withhold help from deserving people. FEMA says the numbers reflect a widespread Read the rest of this entry »

HOUSTON (AP) The Federal Emergency Management Agency has denied nearly 650,000 applications for housing aid after Hurricane Ike hit southeast Texas, finding that nearly 90 percent of all claimants were ineligible for FEMA help.

Those rejected and their attorneys say the inspectors are unqualified or poorly trained and the inspection system is flawed in ways that withhold help from deserving people. FEMA says the numbers reflect a widespread Read the rest of this entry »

HOUSTON (AP) The Federal Emergency Management Agency has denied nearly 650,000 applications for housing aid after Hurricane Ike hit southeast Texas, finding that nearly 90 percent of all claimants were ineligible for FEMA help.

Those rejected and their attorneys say the inspectors are unqualified or poorly trained and the inspection system is flawed in ways that withhold help from deserving people. FEMA says the numbers reflect a widespread Read the rest of this entry »

HOUSTON (AP) The Federal Emergency Management Agency has denied nearly 650,000 applications for housing aid after Hurricane Ike hit southeast Texas, finding that nearly 90 percent of all claimants were ineligible for FEMA help.

Those rejected and their attorneys say the inspectors are unqualified or poorly trained and the inspection system is flawed in ways that withhold help from deserving people. FEMA says the numbers reflect a widespread Read the rest of this entry »