Citizens Insurance bashes “hyperventilating” media over coverage of ‘uncapped rate’ plan

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 Insurance News       

“Explosive,” “inaccurate,” “exaggerated” and “hyperventilating” were some of the invectives hurled at the media by board members of Citizens Property Insurance on Thursday.
The collective media-bashing took place during a committee meeting Thursday when Citizens discussed a plan to remove a 10-percent cap on rate increases for new customers, potentially costing …

19 May 2012  No comments

Catholic University Drops Student Health Insurance Rather Than Pay for Birth Control

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 Insurance News       

Franciscan University of Steubenville in Ohio has made the very interesting choice to stop offering health insurance coverage to its students come this fall rather than have to comply with the federal mandate that says its insurance plan must provide free contraception. The university said in a statement,

19 May 2012  No comments

Little-Known Report May Affect Your Car Insurance Rates

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 Insurance News       

A Northern California driver thinks a mistake on his record caused his car insurance to double.
When he learned of a little-known report we all have, called a C.L.U.E. report, he called CBS to investigate.
When Del Barrett’s car insurance doubled, he learned his insurance company used something called a C.L.U.E. report …

19 May 2012  No comments

Second Catholic university may drop health insurance

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 Insurance News       

On the heels of the decision by Franciscan University to dump their health insurance due to the combined effects of the HHS mandate and escalating costs, Fox News reports that a second Catholic university may opt to cancel their insurance coverage. For Ave Maria University in Florida, the issue …

19 May 2012  No comments

Catholic college dropping student health-insurance plan over contraception mandate

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 Insurance News       

A Catholic university in eastern Ohio is ending health-insurance coverage for students in response to a much-debated federal mandate.
Ohio Dominican and Mount Carmel College of Nursing, Catholic schools in central Ohio, already don’t provide health insurance for students, spokeswomen at the colleges said on Wednesday.
Catholic-affiliated institutions across the country are …

19 May 2012  No comments

Travel Insured is Named the 2012 U.S Insurance Provider Partner of the Year at Vacation.com’s ‘POP’ Awards

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 Insurance News       

Travel Insured International was awarded the title of 2012 U.S Insurance Provider Partner of the Year at Vacation.com’s Power of ‘Partnership’ Awards.
Vacation.com recently held their 14th Annual International Conference and Trade Show on a cruise in the Caribbean with over 1,000 suppliers and agents present. During the Annual Conference and …

19 May 2012  No comments

Citizens Property Insurance Corp. mulls rate increases

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 Insurance News       

Citizens Property Insurance Corp. could face dire consequences if it fails to involve Florida lawmakers before deciding whether to approve a dramatic rate increase for new policyholders, the state-backed firm’s board president warned Thursday.
The corporation’s Board of Governors is scheduled in July to consider raising rates on new policies covering …

19 May 2012  No comments

Reno air race organizers get OK to continue event

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 Insurance News       

Organizers of the Reno National Championship Air Races cleared a major hurdle Thursday in their bid to continue the annual event this fall, winning approval of a special one-year permit and moving closer to securing the necessary $100 million in insurance in the aftermath of last year’s tragic mass-casualty crash.
The …

19 May 2012  No comments

Fate of ‘uninsurables’ hinges on Supreme Court

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 Insurance News       

Cancer patient Kathy Watson voted Republican in 2008 and believes the government has no right telling Americans to get health insurance. Nonetheless, she says she’d be dead if it weren’t for President Barack Obama’s health care law.
Now the Florida small businesswoman is worried the Supreme Court will strike down her …

19 May 2012  No comments

ING’s Asia life insurance sale shifts into top gear

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 Insurance News       

Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N) are among suitors expected to place first-round bids on Friday to buy ING Groep’s (ING.AS) Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, sources familiar with the matter said.
A sale topping …

19 May 2012  No comments
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