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Japan's regulator punishes non-life insurers

TOKYO, March 14 (Reuters) - Japan's financial regulator on Wednesday punished 10 non-life insurance firms and slapped several with orders to temporarily halt some operations, after they failed to pay medical insurance claims worth nearly $9.5 million.

Two units of U.S. insurance firm American International Group Inc. (AIG.N: Quote, Profile, Research) were among those reprimanded.

Japanese insurers Tokio Marine & Nichido Fire Insurance Co. Ltd., a unit of Millea Holdings Inc. (8766.T: Quote, Profile, Research), and Nipponkoa Insurance Co. Ltd. (8754.T: Quote, Profile, Research) are prohibited from signing up new customers for certain products during the three months to July 1, the Financial Services Agency said in a statement.

They are also prevented from applying for the approval of some new products during the three months to June 14, the FSA said.


Phone laws to hit car insurance premiums

The new mobile phone laws will make it increasingly difficult for UK drivers to find competitive insurance premiums, a report has claimed.Drivers caught using a mobile phone at the wheel can now receive a £60 fine and three points on their licence, as part of the government's attempt to hammer home the importance of concentration in the car.Insurance broker Quoteline Direct believes that 10,000 drivers will be pushed into the non-standard insurance bracket as a result of convictions, as insurers take an unforgiving approach to this particular folly.Quoteline Direct's Paul O' Gorman said: "Insurers will be using this as an excuse to push people automatically into the non-standard insurance bracket. Three points on a licence for speeding or jumping a red light has always bumped up premiums slightly but I expect many insurers to take a harsher view of people convicted of this offence.


Florida Health Insurance Quotes And Plans Are Necessary

Florida Health Insurance Quotes are easy to come by these days for anyone searching for health insurance on the World Wide Web. Many polls taken by the New York Post said, "American's without health insurance coverage has increased by 16%, from 2005". 55% of those polled didn't know the difference between individual and group health insurance coverage. They also reported that "healthcare in the United States has an inflation rate of nearly 21% ", the highest inflation, with higher education coming in a close second. How can this issue be solved?

Florida health insurance is something that all of Florida residents and businesses would require at some point in time. One of the major concerns of Florida residents though is that the health insurance prices are constantly on the rise.


'Brits want new cars with lower motor insurance'

Despite many drivers wanting to find a car with a lower motor insurance quote, most are not shopping around for the best motoring deals, an expert has claimed.According to research by AA Personal Loans, demand for sporty cars is slipping while environmentally-friendly vehicles are growing in popularity.A quarter of Britons are planning to purchase a new car sometime this year, with the number being driven by environmental issues, the financial services provider suggests.Some 31 per cent stated that they wanted a new car which was cheap to maintain, while 27 per cent wanted a vehicle which fell into a lower motor insurance group and had better fuel economy.Those planning to buy a 'green' car rose from six per cent in February to 20 per cent.Lloyd East, Director of AA Personal Loans, said that money issues were becoming difficult to separate from environmental factors as consumers were looking for vehicles in low motor insurance groups which are cheap to maintain and to run."Our concern at the AA is that the savvyness people show in the cost of running a car is not mirrored in how they buy them.


Press Release: swiftcover.com Debuts Instant Quote-ability

LONDON, 05 April 2007 - swiftcover.com, Steak Media and creative agency MWO today launch a live motor insurance quote in an online advertisement. Steak Media and MWO developed the concept for the ad to further enhance the message that swiftcover.com makes the task of getting car insurance quicker and easier than its competitors. Steak believes it is a media first for a car insurer to have a fully functioning car insurance quote within an ad where the user doesn't have to click away to get their specific premium returned. The interactive ad, which runs from 05-30 April, will be in the form of a 300x250 MPU into which the user will be able to enter a set of short details. The user will then receive a quote instantly within the MPU and be encouraged to follow a link to swiftcover.com to complete the sale.


Driving down cost of insurance products

SHOPPING around for cheaper car , travel and health insurance may not be as exciting as a little retail therapy, but you could end up saving enough money to fund your next buying extravaganza. It's simple to buy cover on the Internet as policies are easily compared and buying online can save hundreds of pounds. Moneyextra offers some top tips on ways to avoid paying over the odds for your insurance policies. Shop till you drop The price of any insurance cover can vary enormously so don't accept the first insurance quote that comes your way . By obtaining several quotes you can compare prices and ensure you are getting cover that meets your exact requirements. If you are changing your policy, always ensure you are buying like-for-like or you may discover you do not have the same level of cover when you come to claim.


Online Health Insurance Quotes for Ohio Residents

View Health Insurance, a full service Ohio health insurance broker, is proud to announce its online quoting application, which provides Ohio health insurance quotes to the public. Ohio residents can now get free online quotes from multiple carriers including United Healthcare, Nationwide, Celtic and Humana.

(PRWEB) February 15, 2007 -- View Health Insurance, a full service Ohio health insurance broker, is proud to announce its online quoting application, which provides Ohio health insurance quotes to the public. Ohio residents can now get free online quotes from multiple carriers including United Healthcare, Nationwide, Celtic and Humana.

The Ohio health insurance quotes are up to date, and provide visitors with a quick and easy way to compare multiple plans from multiple vendors in one spot.


President of Health Insurance Agency Advises Businesses on What ...

There are so many types of plans available to small businesses today. Knowing how to chose the right one should not be hard if a logical approach is used, according to Chuck Mondrus, President of American Health Insurance, a top-producing agency in the United States.

(PRWEB) March 15, 2007 -- Chuck Mondrus, President of top-producing insurance agency, American Health Insurance, says buying quality self employed health insurance coverage that's right for any stage of business growth with an eye to the future, is easy to do.

An employer may be the only employee of the company but still needs the peace of mind provided by a quality insurance plan. Before the employer ask for a self employed health insurance quote, though, look at these three business growth scenarios.


Radian Group clears antitrust hurdle for MGIC merger

April 9 (Reuters) - Diversified insurance and financial service company Radian Group Inc. (RDN.N: Quote, Profile, Research) said the 30-day waiting period under the antitrust act for its merger with mortgage insurer MGIC Investment (MTG.N: Quote, Profile, Research) has expired.

Radian and MGIC expect to complete the merger late in the third quarter or early in the fourth quarter of 2007, Radian said in a statement.

MGIC plans to buy Radian for about $5.47 billion. (Reporting by Deepti Chaudhary in Bangalore) ((Editing by Anil Kumar; Reuters Messaging: deepti.chaudhary.reuters@reuters.net: within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800))

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Squaremouth Launches Comparative Visitors, Students and ...

St Pete Beach, FL (FV Newswire) - Squaremouth launches Visitors Insurance, the latest in a long line of feature additions to the travel insurance site which now also allows visitors, immigrants, international students, US Visa applicants and Visa holders to compare every medical insurance product, research insurance plans, purchase and receive instant printable confirmation -- all from one simple interface.

Squaremouth offers specialist medical products suitable for the following:

-- USA work visa holders and applicants
-- International students
-- Foreign students studying within the USA
-- Family members visiting relatives in the USA
-- Missionaries
-- Aid workers, etc.

"We have taken great care to create a comparative quote engine that is unique, simple, fast and much more than just a list of products," said Chris Harvey, CEO of Squaremouth "No other site out there matches Squaremouth's comparative tools, ease of use or depth of information with instant quote, purchase and confirmation."

Squaremouth's visitors can obtain and compare quotes from hundreds of medical insurance products by answering a few simple questions.


Supporting Small Business in Texas

OVERLAND PARK, Kan., March 26 /PRNewswire/ -- Small business owners in Texas now have access to world-class insurance protection from one of the world's leading providers -- Swiss Re. Swiss Re's Commercial Insurance today announced the introduction of its workers compensation coverage to the Lone Star state, delivered with the power of its exclusive CyberComp platform.

CyberComp is a digitized system that gives agents and employers the most efficient way to underwrite workers compensation coverage and handle claims. Agents can enter data, get quotes and issue policies online, all in a matter of minutes.

Swiss Re is appointing agents and installing its technology in the state.

"We're proud to have the opportunity to support a vibrant and vast economy by providing smart solutions to the top small businesses in the state," said Jeff Argotsinger, CyberComp leader for Swiss Re's Commercial Insurance.


Berkshire Hathaway buys into two other rails

NEW YORK, April 9 (Reuters) - Warren Buffett's Berkshire Hathaway Inc. (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research), which built a 10.9 percent stake in Burlington Northern Santa Fe Corp. (BNI.N: Quote, Profile, Research), has acquired stakes in two other rail companies, CNBC television said on Monday.

Citing an interview with the billionaire investor, CNBC said Omaha, Nebraska-based Berkshire spent $700 million on one of the additional rail investments and slightly less on the other.

It was not immediately clear in which other railroads Berkshire invested. The insurance and investment company was not immediately available for comment.

Buffett made his name by investing in companies with strong management and businesses that he considers undervalued.


How to beat the insurers' age limits

LOBBY groups for the elderly accused the insurance industry of blacklisting the retired, effectively trapping them in their homes, at a conference last week held to highlight the problems faced by the over-65s when it comes to buying insurance.

Age Concern and Help the Aged published a damning study, titled 'Insurance and Age: Exploring behaviour, attitudes and discrimination', which revealed research showing that one in five are unable to get any kind of quote.

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The Hanover Insurance Group Launches Connections(TM) Home in ...

WORCESTER, Mass., April 5 /PRNewswire-FirstCall/ -- The Hanover Insurance Group, Inc. (NYSE:THG) , a leading super regional property and casualty company, today announced the launch of a new homeowners insurance product, Connections(TM) Home, in Indiana and Wisconsin. This announcement follows the launch of Connections Home in Connecticut, Illinois, Maine, New York, Ohio and Tennessee, where the product has increased homeowners' quotes for The Hanover since its launch.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO )

Connections Home makes it easier for agents to sell and retain more business by providing a total account solution, competitive coverage packages, enhanced premium choices, an expanded appetite and reliable, more convenient service.


A healthy high-risk pool

RALEIGH - The General Assembly is finally working on a serious proposal to make health insurance more affordable. State Rep. Verla Insko's health insurance high-risk pool bill has already passed two House committees. The debate offered a preview of what's ahead for the state's first significant health reform in years.Some people, because they have a serious health condition such as multiple sclerosis, are quoted $1,000 to $2,000 a month premiums when they try to buy insurance. A high-risk pool for health coverage -- like the high-risk insurance pool for automobile insurance -- puts people with serious health problems (or risks) into a pool where they pay still-high but more affordable premiums for decent coverage.Even though people in the pool pay a higher premium than those without serious health problems, it still costs more to insure them than the premiums collected to cover medical costs, because people in the pool are so sick.


Getting better insurance cover needn't cost the earth

Home insurance is boring. But not as boring as being burgled, flooded or burned out and losing half your most prized possessions. Home insurance really is one of the most important things you might never need. But that doesnt mean you should just to accept your insurance companys renewal quote without checking to see if there are better deals on offer. Not only could you save yourself well over 100 a year by changing provider, you might also find that you end up with better quality insurance cover. Shopping around has also become pretty painless these days, especially if you use our insurance wizards to do the legwork for you. Track down the best insurance providers for you in a few clicks Compare the cover as well as the price For the vast majority of people, their home is the most expensive possession they will ever own, so protecting it - and everything inside - against unforeseen circumstances is really a no-brainer.



 

 

 

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