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 [...]
Global insurance broker Lockton has published its Fall 2008 Market Update, a snapshot guide to the latest trends and emerging risks confronting risk managers and insurance carriers today.
The 2008 Lockton Market Update reports that insurance carriers face an ominous set of facts entering the final weeks of 2008. While it is not clear that prices [...]
MILAN, Italy (Reuters)— Assicurazioni Generali S.p.A. is open to finding an earlier solution for its agreement with Commerzbank over insurance , which runs to 2010, now the German bank has struck a deal with rival Allianz, the Italian insurer ’s co-chief executive officer said on Sunday. “We’ve
Tags: allianz, assicurazioni generali, chief executive officer, commerzbank, generali [...]
SAN FRANCISCO—A federal appeals court ruling last week rejecting the assertion that a flood exclusion is ambiguous and shouldn’t apply to Hurricane Katrina-related storm surge losses marks the third court defeat for policyholders on the issue, insurer attorneys say. But policyholder attorneys…
Tags: 9th circuit, attorneys, federal appeals court, hurricane katrina, insurer, policyholder, policyholders, san francisco, [...]
Although patients with advanced kidney cancer have been denied four drugs on the NHS, those with private medical insurance will be covered.
But there can be time limits as short as three months on how long insurers will pay for these drugs. The four drugs rejected by the National Institute for Health and Clinical Excellence are [...]
Insurance is a kind of protection, a safety net against unforeseeable losses. No one knows what the future holds, and insurance is a good way of preparing for what may come. Health insurance is a protection against medical costs. The insurer pays the cost of the insured person if the latter falls ill due to [...]
The invitation to bid went out to insurance carriers in Florida but it doesn’t appear they are chomping at the bit.
That’s in stark contrast to the fanfare given this past spring to legislation lauded by Gov. Charlie Crist called Cover Florida, to provide low-cost insurance plans to the uninsured.
“The (coverage) mandates are what drive the [...]
A recent study tracking declining medical liability insurance premiums in Massachusetts fails to tell the whole story, physicians say.
The report analyzed data between 1975 and 2005 from the state’s largest insurer, ProMutual Group. It found that although average rates for high-risk specialists such as ob-gyns, neurosurgeons and some orthopedic surgeons increased significantly since 1990, those [...]
State Farm Florida Insurance Co. is seeking a 47.1 percent rate increase in homeowners insurance policies in Florida.
“We simply must be able to charge the rates to cover our expected costs,” she said.
State Farm is the largest home insurer in the Jacksonville metro area, with 108,763 policies as of the end of 2007. That represents [...]
Mary Wusterbarth thought her toddler was struggling with an ear infection when she seemed sluggish. Instead, a virus had attacked the little girl’s heart, damaging it beyond repair. Brea needed a transplant.
Within three weeks of a 2007 doctor visit, the 20-month-old had exhausted the $1 million lifetime maximum on her health insurance. Her parents have [...]
