Study shows moderate health insurance premium growth for employer-sponsored coverageSeptember 15th, 2009 Health insurance premiums rose modestly in 2009Researchers say the cost of employer-sponsored health insurance is rising modestly again this year but bigger increases may lie over the horizon. The average annual premium for employer-sponsored family health coverage rose 5 percent in 2009 to more than $13,000, mirroring last year's increase.
Summary Box: FDIC says bank deposit insurance fund down 20 percent in second quarterAugust 27th, 2009 Summary Box: Bank insurance fund down 20 percentDWINDLING INSURANCE FUND: The Federal Deposit Insurance Corp. says the fund that guarantees bank deposits (up to $250,000 for regular accounts) dropped 20 percent in the second quarter to $10.4 billion, its lowest point since 1992.
Calif. insurance commissioner says sale of workers' compensation business unlawful; he'll sueAugust 27th, 2009 Calif. insurance regulator to sue over state fundSACRAMENTO, Calif. — California's insurance commissioner says he plans to sue Gov.
HCC Insurance raises dividend to 13.5 cents per share from 12.5 cents per shareAugust 21st, 2009 HCC Insurance increases dividend to 13.5 centsHOUSTON — HCC Insurance Holdings Inc. on Friday said that its board increased its dividend by 8 percent, to 13.5 cents per share from 12.5 cents per share.
Obama says he's not trying to vilify insurers with calls for 'health insurance reform'August 14th, 2009 Obama says he's not trying to vilify insurersBELGRADE, Mont. — President Barack Obama says he isn't trying to vilify the insurance companies.
AIG closes $697.5M sale of life insurance premium finance portfolio as part of restructuringJuly 28th, 2009 AIG sells life insurance premium finance businessNEW YORK — Insurer American International Group Inc. said on Tuesday that it closed the sale of its life insurance premium finance business for $679.5 million in cash.
Calif. insurance commissioner wants insurers to report on indirect investments in IranJune 29th, 2009 Calif. to seek Iran investment info from insurersSACRAMENTO, Calif. — Insurance companies in California will have 90 days to report all Iran-related investments.
Senate budget chairman doubts there are enough votes to back Obama's gov't insurance optionJune 14th, 2009 Conrad says gov't insurance plan short of supportWASHINGTON — The Democrat who heads the Senate Budget Committee says he doubts there are enough votes in the Senate to support President Barack Obama's plan for a government health insurance option. Sen. Kent Conrad of North Dakota says that there are good arguments for the proposal but probably not the votes it needs in the Senate.
Panjab University to provide insurance cover for students, parentsApril 14th, 2009 CHANDIGARH - Panjab University (PU) has decided to provide all its students insurance cover of Rs. 200,000 from the next academic session.
National Insurance chalking out Nano insurance schemeMarch 25th, 2009 KOLKATA - State-owned non-life insurance company National Insurance, which tied up with Tata Motors two months ago, expects the comprehensive insurance premium for the auto major's small car Nano to be around Rs.3,000-Rs.4,000 a year initially, a top company official said here Wednesday. 'If we provide the insurance for Nano, rates would be adjusted after studying the accident claims for a period of at least a year,' V.
India's first third party insurance licensee exits businessFebruary 5th, 2009 CHENNAI - The Hyderabad-based Dawn Services, the first third party administrator (TPA) to be licensed by the Indian insurance watchdog, has decided to exit the business. According to Insurance Regulatory Development Authority (IRDA), the TPA licence to Dawn Services has not been renewed upon request.
Future Generali eyes Rs.10 bn premium income by 2010January 13th, 2009 KOLKATA - Future Generali, the joint venture with the Italian insurance giant Generali, is expecting to touch a premium income of about Rs.10 billion by 2010, a senior official said Wednesday. Future Generali is the insurance joint venture between Future Group of India and Italy-based Generali Group with a 74:26 stake.
Regulator eases solvency norms for life insurersJanuary 1st, 2009 CHENNAI - India's insurance watchdog Friday offered life insurers, and more particularly the private life insurers, a mega New Year gift by easing solvency norms for the third time in recent days. Solvency margin is the excess of assets that a life insurer has to maintain over its liabilities.
Over 1,700 insurance employees strike work in northeastDecember 22nd, 2008 AGARTALA - Over 1,700 insurance employees in the northeast went on strike Tuesday as part of a nationwide protest against the government's move to raise foreign direct investment (FDI) in the insurance sector. More than 1,700 insurance employees belonging to 22 branches of Life Insurance Corp of India (LIC) and the General Insurance Corp (GIC) in Tripura, Manipur, Mizoram and Assam took part in the strike, said Dipankar Chakraborty, a spokesman of the All India Insurance Employees Association (AIIEA).
Insurance sector staff strike work in West BengalDecember 22nd, 2008 KOLKATA - Around 99 percent of Kolkata-based National Insurance Corp and 76 percent of General Insurance Corp non-management staff stayed away from work Tuesday in support of a nationwide insurance sector strike. Employees unions claimed 98 percent of Life Insurance Corp's non-management staff in the eastern region also participated in the strike.