Wednesday, 30 April 2014

Expect Health-Insurance Premiums to Rise

March 22, 2014 8:17 p.m. ET You could continue to see prices increasing this year for your health-care coverage. Several recent studies point to provisions in the Affordable Care Act—such as the requirement that insurers cover sick individuals as well as preventive care, like mammograms—that could lead to higher prices, at least in the short term. The underlying cost of care itself, meanwhile, continues to rise at a steady clip. One recent analysis finds that 80% of firms offering employee...

AT&T Mobile Insurance customer contract terms ring hollow

Advertisement There are a lot of really unfriendly consumer contracts out there. But the absurdly worded terms and conditions for AT&T Mobile Insurance, the company's coverage for wireless devices, take corporate meanness to a whole new level. Marianna Yarovskaya thought she was being smart when she recently purchased AT&T's insurance to safeguard the new iPhone 5S she bought before an overseas trip. "With AT&T Mobile Insurance," the company's...

Tuesday, 29 April 2014

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More people opt for travel insurance

With the disappearance of the Malaysia Airlines flight MH370, travel insurance companies, including those in the UAE, have reported an increase in purchasesBy Aya Lowe | Special to GN Focus Image Credit: Reuters Safety concerns: Countries such as the US and the UK have made it mandatory for travellers entering...

Monday, 28 April 2014

Life insurance for retirees: For some it makes sense

You're retired. Your kids are self-sufficient and the house is paid off. There's no need to continue carrying life insurance, right? For the most part, that's correct, said Bob Adams, a certified financial planner with Armstrong Retirement Planning. Life insurance is intended to replace lost income if the policyholder dies prematurely, he explained. If you're no longer working, there's no income to replace. Abel Mitja Varela | Vetta | Getty...

What Makes or Breaks Startups in the Sharing Economy? Insurance Rates

Alexandra Liss rarely uses her car, so first-time renter Kathleen Wernigg picks it up in Nob Hill. Photo: Gus Powell As recently as last year, it wasn't clear that RelayRides' business made financial sense. The company, which lets strangers rent one another's cars, was growing — acquiring rivals like Wheelz and expanding into new markets. It was charging its users a healthy vigorish; car owners paid the company 25% of every rental fee, while...

Sunday, 27 April 2014

Bill Would Free Insurance Firms From Bank Capital Rules

The U.S. lawmaker who wrote a Dodd-Frank Act provision that imposes bank-like capital standards on the insurance industry introduced legislation to ease the requirements. Senator Susan Collins, a Maine Republican, said at a Senate Banking subcommittee hearing today that her 2010 provision was not intended to subject insurance companies to the same capital and liquidity standards as banks. "While it is essential that insurers subject to Federal Reserve Board oversight be adequately capitalized," Collins said at the hearing, "it would be improper,...

Insurance companies in capital bubble

Business News of Thursday, 6 March 2014 Source: Graphic Online Ghana's financial market is undergoing some dramatic capital increases following the country's entry into the league of oil producers. Ghana has also attained the status of a lower middle income country.This has pushed regulators of the financial sector to compel industry players to increase their capital base to conform to the country's desired status as the financial...

Saturday, 26 April 2014

Will flood insurance bill get a vote this week? It's still up in the air.

WASHINGTON -- There is still no definitive word on whether House-passed legislation to limit most flood insurance premiums to increases of 18 percent a year will come up for a Senate vote this week. The Senate is taking up a child-care bill, and leaders were looking to get a vote on another bill, as well, before recessing Thursday night. That might put off a Senate vote on the flood insurance bill until the week of March 24. But there's also a question about whether sponsors of the flood insurance bill could get the unanimous consent to bring...

More Regulations Afoot for New York's Title Insurance Industry

March 9, 2014 8:47 p.m. ET One of the unpleasant surprises involved in buying property in New York is that the state has the highest cost of title insurance in the country—an average of $5,435 on a $200,000 mortgage, according to consumer finance company Bankrate Inc. RATE -5.56% Bankrate Inc. U.S.:...

Friday, 25 April 2014

After Haiyan, Philippines expands crop insurance

The aftermath of Typhoon Haiyan in the Philippines has added urgency to finding a solution to a longstanding problem: less than 10 percent of farmers have crop insurance, and while its advantages are widely understood, few can afford it. Raymundo dela Vina, an 81-year-old farmer in Laguna province near Manila, likened raising crops to betting in a lottery: you go against so many odds including pests and an average of 20 typhoons that pummel...

Euro-Zone Data Point to Recovery Even Amid Ukraine Crisis

April 24, 2014 7:21 a.m. ET German business sentiment improved at the start of the second quarter, a key sentiment indicator showed, suggesting that Europe's largest economy is on track for robust growth even in the face of a mounting geopolitical crisis involving one of Germany's major trading partners, Russia. The upbeat report comes on the heels of business and consumer confidence surveys suggesting that the euro-zone economy, on the whole, is gradually gaining steam after a tepid recovery...

Thursday, 24 April 2014

Obama administration prepares to take over Oregon’s broken health insurance exchange

The Obama administration is poised to take over Oregon's broken health insurance exchange, according to officials familiar with the decision who say that it reflects federal officials' conclusion that several state-run marketplaces may be too dysfunctional to fix. In public, the board overseeing Cover Oregon is scheduled to vote Friday whether to join the federal insurance marketplace that sells health plans in most of the country under the Affordable Care Act. Behind the scenes, the officials say, federal and Oregon officials already have agreed...

Meadowbrook Insurance Group, Inc. Announces Director Nominations

SOUTHFIELD, Mich., April 17, 2014 /PRNewswire/ -- Meadowbrook Insurance Group, Inc. (NYSE: MIG) ("Meadowbrook" or the "Company") today announced the director nominations of Winifred A. Baker, Robert H. Naftaly, Robert W. Sturgis, and Jeffrey A. Maffett for a three year term expiring in 2017, and the director nomination of Bruce E. Thal for a two-year term expiring in 2016. The Company announced that the director nominations are included in Meadowbrook's 2013 Proxy Statement for election at its Annual Meeting scheduled for May 16, 2014 at Meadowbrook's...