Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said the BSP is in favor of the proposal for the temporary increase in deposit insurance to avoid moral hazard issues.
Tetangco told reporters over the weekend that deposit insurance should have the flexibility to respond to emerging conditions in the financial system but the mechanism [...]
The troubled credit insurance sector has suffered a further blow with the complete withdrawal from the market by Amlin.
The insurance group has decided not to write any new policies for businesses supplying goods to other businesses on credit, partially because of problems securing reinsurance.
Charles Phillips, Amlin’s chief executive, said: “Getting reinsurance for credit insurance is [...]
Rarely have lawmakers in Lansing done anything right when they’ve been rushed. Recall last year’s much-maligned and ultimately ill-fated service tax, which gave way to the equally despised surcharge on the Michigan Business Tax. Both measures were the result of legislators scurrying to balance the budget while giving little thought to the consequences of their [...]
It was a hot election topic that continues to sizzle long after the votes have been counted: Lawrence County government employees’ insurance.
Opting not to wait until the new year to make changes, the current commission moved forward with a one-year plan to avoid an 18 percent increase by switching from Medical Mutual to United Health [...]
Next year, for the second year in the past three, state and local governments won’t have to pay premiums to a state selfinsured program that provides bond coverage for the theft of money, securities or property by their employees.
The program was created to provide coverage in lieu of blanket bonds that were required for various [...]
As the 2008 hurricane season comes to a close, Floridians can breathe easier.
But there may not be much relief in the form of lower insurance premiums.
Rates could actually edge higher because of higher back-up insurance costs.
The slowdown in the economy is crimping premium revenues as home sales dwindle and foreclosures continue to mount. Insurers and [...]
The Texas Supreme Court must decide if an insurance company should pay in the case of a boy injured by a driver who was speeding away from police.
Richard Gibbons was evading San Marcos police in 1999 when his pickup smashed into Greg and Maribel Tanner’s car at an intersection.
The wreck left 7-year-old Roney Tanner in [...]
With terror attack claims likely to wipe out over 70 per cent of the Rs 700-crore terror pool, insurers are expected to chip in with additional funds to replenish the corpus and raise the premium paid for terrorism insurance.
According to initial industry estimates, insurance companies will take a hit of over Rs 500 crore on [...]
Ohio based company, is now offering free instant health insurance quotes for Cincinnati area residents. Ohioquotes.com is the premier Ohio source for providing affordable Ohio Health Insurance plans. This service is free to Ohio residents.
Customers can choose to receive an instant online quote, or receive a personalized proposal detailing various policy options. Applying for coverage [...]
Consumer complaints have led to two insurance companies to pay fines to the state.
Conseco Health’s fine ranks among the largest ever paid by an insurance company to the state.
Nebraska Department of Insurance investigators said Conseco Health failed to explain the denial of claims, overlooked claims and had delays in processing claims far greater than allowed [...]
