Archive for May, 2011

EU CREDIT-IFR-Insurance companies capitalise on bank sub vacuum – Reuters

Sunday, May 22nd, 2011

oh i can’t beleive it

LONDON, May 20 (IFR) – The paucity of subordinated debt supply from European banks has left the pitch clear for insurance companies which are rushing to the bond markets. Volumes for 2011 look set to outpace bank subordinated issuance for the first time in …

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Sunday, May 22nd, 2011

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Florida Investigates Unfair Life Insurance Practices

Sunday, May 22nd, 2011

life insurance companies ratings

TALLAHASSEE, Fla — Florida is investigating a routine practice among life insurance companies that raises questions about its fairness

Insurance industry to spend more on IT

Sunday, May 22nd, 2011

maybe this will change things

SINGAPORE, 20 MAY 2011-Insurance companies in the region are expected to have bigger IT budgets this year, according to a report from analyst firm IDC.

Auto insurance premiums for young drivers vary widely

Sunday, May 22nd, 2011

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Drivers younger than 25 can save $1,000 a year or more by comparing auto insurance premiums from different companies. If you’re younger than 25 and planning to buy car insurance, you can save big by shopping around.

Lawmakers hope new bill fixes hurricane insurance

Sunday, May 22nd, 2011

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BRENT KALLESTAD Associated Press TALLAHASSEE, Fla. Florida hasn’t been hit by a hurricane since the disastrous years of 2004 and 2005 — but the state’s property insurance companies say they are still losing money despite collecting billions in premiums. That has industry leaders, Gov. Rick Scott and Republican lawmakers hoping that a recently signed bill will make them profitable and spur …

State proposal would send $250 million to certified capital companies

Sunday, May 22nd, 2011

I like this:)

Legislation that Gov. Scott Walker says will create jobs would provide hundreds of millions of dollars in tax breaks to insurance companies, while giving control of a $250 million fund to out-of-state financial management companies.

Only on FOX6: Slip and fall scam takes insurance companies for millions

Sunday, May 22nd, 2011

can believe what i am reading, so unfair

Insurance companies want state agency to pursue insurance fraud Con artists are ripping off local stores by pretending to fall and get hurt. These price of these cons end up being passed on to the customers. FOX6 Investigators confronts one of the women accused of operating a massive slip and fall ring in Milwaukee.

Florida Investigates Unfair Life Insurance Practices – First Coast News

Friday, May 20th, 2011

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… of life insurance policies are not getting paid and part of the problem results from the way some life insurance companies operate. McCarty subpoenaed two life insurance companies and their executives took an oath at a hearing on Thursday to tell the …

Insurers Told to Justify Rate Increases Over 10 Percent – New York Times

Friday, May 20th, 2011

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“Health insurance companies have recently reported some of their highest profits in years and are holding record reserves,” Ms. Sebelius said. “Insurers are seeing lower medical costs as people put off care and treatment in a recovering …