Newswires

July 19– Insurance rates in Indiana will increase 72 percent for those with individual plans and 8 percent for small group plans under President Barack Obama’s healthcare overhaul, according to the state’s insurance department. The spike in costs is due primarily to new mandates under the law, which requires insurers to cover those with pre-existing…

My name is Frank Nutter and I am President of the Reinsurance Association of America. The RAA is a national trade association representing reinsurance companies doing business in the United States. Thank you for the opportunity to testify before the committee to address the RAA’s perspective on weather and climate-related weather impacts in the United…

July 19– A quick turnaround of flood insurance claims will get Lockport back on its feet sooner, U.S. Both are urging the Federal Emergency Management Administration and property casualty insurers who administer FEMA’s National Flood Insurance Program to ramp up the resources at their disposal to handle the surge of incoming flood and other insurance…

The U.S. Department of Health& Human Services issued the following news release:. HHS Secretary Kathleen Sebelius today released a new report that finds premiums in the Health Insurance Marketplace will be nearly 20 percent lower in 2014 than previously expected. In addition, when the Health Insurance Marketplace opens for enrollment on October 1, 2013…

Former insurance agent Teresa E. Williams of Morristown, N.J., pleaded guilty in a Maryland court to one count of misappropriation by a fiduciary…

July 19– KULPMONT– A rising insurance premium could be the reason for temporary suspension of the borough police force. Chief Rick Wilson acknowledged after an executive session Wednesday night the decision involved an “insurance issue.” But it’s believed the borough may have been forced to find a new police liability insurance policy that is costing much more…

July 19– No one is sure how, and no one is sure why, but the Public Employees Insurance Agency was $52.9 million under budget through May. While PEIA budgeted for $367.8 million in medical expense claims through May, members submitted only $325 million in claims. PEIA budgeted $115.6 million for drug claims through May but paid out only $108 million.

FEMA is revising the boundaries of areas in Bradford County where residents under certain circumstances must buy flood insurance, which will cause significant flood insurance rate increases for some homeowners, the solicitor for Bradford County said. FEMA has issued new, preliminary Flood Insurance Rate Maps for Bradford County, which show the new,…

The Property Casualty Insurers Association of America issued the following news release:. The Property Casualty Insurers Association of America issued the following statement in response to the Financial Stability Board’s vote to designate certain insurance companies as Global Systemically Important Insurers and the International Association of…

“We are profoundly disappointed that HB 5263/SB 465, which is part of the agenda of a few body shops, will become law at the expense of hard working Rhode Island consumers,” said Frank O’Brien, vice president state government relations for the Property Casualty Insurers Association of America (PCI).

The independent authority on products and services, reviewauthority.com, has released their list of the ten best travel insurance services for the month of July 2013. The Ten Best Travel Insurance Companies for July 2013 are:. 1) Travel Guard 2) TravelSafe 3) Travel Insured International 4) Travelex Insurance Services Inc. 5) STA Travel 6) Global Travel Shield 7) MH…

Research and Markets has announced the addition of the ” Trade Credit Insurance in Spain” report to its offerings. In a release, Research and Markets noted that report highlights include:. Trade Credit Insurance in Spain is a report about the market for trade credit cover in Spain.

Frias joined Segal Consulting’s New York office in 1998. After a series of promotions, he was named a Vice President in 2007 and Vice President and Actuary in 2011. Frias has more than 15 years of experience as a pension and retiree health actuary working with multiemployer and public sector pension and health plans. Heppner joined Segal Consulting’s Chicago…

Hub International Insurance Services, an insurance brokerage firm, announced that Viesha Treadwell has joined the organization as the Senior Vice President of their San Francisco Commercial Division. Treadwell and her team will be based at one of Hub’s newest locations at 3 Embarcadero, Suite 560, San Francisco, CA.. Executive Vice President of Hub…

Regions Insurance announced it has established a new office in Columbia, S.C. and hired tenured insurance executive Frank Norris to lead the office, its first in the state of South Carolina. According to the company, Norris and his team join Regions Insurance from Frank B. Norris and Co., a Columbia- based insurance and risk management brokerage.

Research and Markets has announced the addition of the “The Insurance Industry in Ecuador, Key Trends and Opportunities to 2016” report to its offerings. Colonial Insurance Company is the leading insurance company in Ecuador. -Colonial Insurance Company is the leading insurance company in Ecuador.

Tallahassee insurance agent Vicki Catsimpiris and her team are celebrating the achievement of one of their own, Sarah Law, who recently received the top designations for the insurance and financial services industry. Already a Chartered Life Underwriter, or CLU, for a number of years, Sarah took it upon herself to round out her abilities as a financial advisor…

HAMILTON, Bermuda, July 18, 2013– American Overseas Group Limited today announced that its operating subsidiary, American Overseas Reinsurance Company Limited, has completed a private repurchase of its Class B Preference Shares from a holder. Under the terms of the repurchase agreement, AORE repurchased nine of its Shares at a price of $25,000 per share from…

A health insurance broker violated federal law by subjecting three employees over 40 to age-based discrimination including harassment, failure to promote, termination, and retaliation for complaining of age discrimination, the U.S. Equal Employment Opportunity Commission (EEOC) charged…