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2 Insurance Companies Fined By State (KOLN Lincoln)
Consumer complaints have led to two insurance companies to pay fines to the state. Conseco Health Insurance Co. has paid a $25,000 fine and Washington National Insurance Co. a $5,000 fine.
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FDI cap increase may bring in Rs 7,000 cr to insurance sector (Business Standard India)
The Union Government’s recent approval to the insurance Bill, which proposes, among other things, to raise the cap on foreign direct investment (FDI) to 49 per cent from 26 per cent for private sector insurance companies, is expected to bring around Rs 7,000 crore into the industry, according to industry representatives.
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MID: Is credit insurance a good buy? (Mississippi Business Journal)
JACKSON — The Mississippi Insurance Department (MID) is advising Mississippi shoppers to look closely at credit insurance before buying. Credit card companies are pushing the insurance this holiday season, the MID reports.
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Risk Specialists Companies Announces First Takaful Homeowners Product for U.S. (Business Wire via Yahoo! Finance)
NEW YORK----Risk Specialists Companies, Inc. , a subsidiary of AIG Commercial Insurance, today announced it is introducing a Takaful Homeowners Policy, the first installment in Lexington Takaful Solutionssm, a series of Shari’ah-compliant product offerings in the U.S.
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Insurance companies pay settlements over claims investigations (Lincoln Journal Star)
Two insurance companies have settled with the Nebraska Department of Insurance after the agency investigated consumer complaints. Conseco Health Insurance Co. agreed in October to pay a $25,000 fine and cooperate with the department on future complaints.
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Rs 7,000 cr may come into insurance sector (rediff.com)
The Union government's recent approval to the insurance Bill, which proposes, among other things, to raise the cap on foreign direct investment to 49 per cent from 26 per cent for private sector insurance companies, is expected to bring around Rs 7,000 crore (Rs 70 billion) into the industry, according to industry representatives. However, the Bill is yet to be introduced in Parliament.
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Court asks insurance companies to be consumer friendly (Calcutta News)
A consumer court Friday reprimanded insurance companies for rejecting claims on flimsy grounds and asked them to be consumer friendly.
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ESCONDIDO: Insurance requirements for cabs stirring debate (North County Times)
ESCONDIDO ---- A recent decision to triple the liability insurance requirements for Escondido cab drivers has raised questions about the survival of small cab companies in the city.
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Provider Insurance Group Promotes Tetreault (Insurance Journal)
Provider Insurance Group, a Needham, Massachusetts-based independent insurance agency, has named Kelley Tetreault its new financial services team leader. Tetreault joined Provider nine months ago,
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Court asks insurance companies to be consumer friendly (New Kerala)
New Delhi, Nov 28: A consumer court Friday reprimanded insurance companies for rejecting claims on flimsy grounds and asked them to be consumer friendly.
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