Mobile home owners and renters often choose to go without property insurance, potentially exposing them to catastrophic losses such as those suffered in Southern California’s weekend firestorms.
Most homeowners are required by their mortgage lenders to purchase property insurance, but those who either own their residence outright or rent may choose to go without insurance. In [...]
Employer-provided health care benefits are not likely to disappear even as a growing number of Americans lose their jobs amid a struggling economy, the head of the nation’s third-largest health insurer said on Wednesday.
While growing layoffs are likely to push growth in Aetna’s offerings for individuals, Williams said large companies are still at the forefront [...]
About two months after the government first announced its multibillion-dollar bailout of insurance giant AIG, more insurance companies are lining up for federal dollars, leaving some consumers worried about their insurance policies.
Insurance companies “are suffering very badly because of the losses in their investment portfolios,” said Neena Mishra, a senior financial analyst who covers banking [...]
The health insurance industry said Wednesday it will support a national health care overhaul that requires them to accept all customers, regardless of pre-existing medical conditions — but in return it wants lawmakers to mandate that everyone buy coverage.
Lawmakers have signaled their intent to craft health care legislation early next year, and the insurance industry’s [...]
OneAmerica Financial Partners, Inc. and Shenandoah Life Insurance Company announced today the signing of a letter of intent that describes a proposal to merge the two organizations. Under the proposal, Shenandoah would become a subsidiary of OneAmerica(R), joining American United Life Insurance Company, The State Life Insurance Company, Pioneer Mutual Life and R.E. Moulton, Inc. [...]
The claims team at Mercury Insurance is standing by to assist homeowners who were forced to evacuate their homes and suffered property damage from wind-whipped wildfires that ravaged Southern California this past weekend.
“The Mercury claims team is here for our customers in the event they need to make a claim during this difficult time,” said [...]
After a Senate inquiry found evidence of deceptive marketing, AARP, the lobby for older Americans, has hired an outside investigator to look into sales of some of its popular health insurance products.
AARP and UnitedHealth Group, one of the nation’s largest insurers, have voluntarily suspended sales of the policies, which pay fixed cash benefits often much [...]
The funds are also available as designated investment options for Transamerica’s recently upgraded Retirement Income Choice living benefit rider, and the Double Enhanced Death Benefit. The four funds are: AllianceBernstein Balanced Wealth Strategy Portfolio, Franklin Templeton VIP Founding Funds Allocation Fund, Transamerica Efficient Markets VP, and Huntington VA Balanced Fund.
“These additions to our popular investment [...]
Retirement, insurance and financial services company Principal Financial Group Inc. said Tuesday it plans to apply to the U.S. Treasury for participation in the capital purchase program.
The Des Moines-based company, which offers 401(k) retirement plans, has an Internet bank and life and health insurance divisions, said it would issue preferred shares and warrants to the [...]
State regulators Monday approved a 12.3 percent rate increase for the Texas Windstorm Insurance Association, marking the first time the state wind pool will raise rates more than 10 percent.
State law caps the association’s annual rate increases at 10 percent, but the state insurance commissioner can bypass the cap after catastrophic losses.
The association, which sells [...]
