Car Insurance Roundup, May 31, 2016

Car Insurance

7 things you never knew car insurance covered

When you imagine surprises involving your car insurance, visions of mishandled claims or rate increases may be the first things to spring to mind. 

Rising car insurance rates to hit Mississippi motorists – WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

The Memorial Day Weekend winds down with thousands of people getting behind the wheel heading home after spending time with family and friends.

Study: RI car insurance rates depend on city, town where you live | WPRI 12 Eyewitness News

A new study says the city or town where you live in Rhode Island could have a huge impact on your car insurance rates.  

Admiral Group PLC reiterated as Underperform By Macquarie Research

In an analyst rating update on Tuesday shares of Admiral Group PLC (LON:ADM) had their rating reiterated by analysts at Macquarie Research. 

Reasonable Doubt: Here’s what you should do after a bicycle accident – NOW Toronto Magazine – Think Free

All cyclists in Ontario involved in car accidents have access to accident insurance benefits, even if the accident was their fault. 

Millennial Renters are Least Likely to Have Insurance |

The insurance industry should educate this new generation of renters to demonstrate it’s an affordable financial safety net. 

The impact of driverless cars – News – MetroWest Daily News, Framingham, MA – Framingham, MA

Dr. Ryan Chin’s Cambridge-based company, Optimus Ride, envisions a future where a network of self-driving cars can serve the most people with the least number of cars. 

Gone for Gawai, carpark full – at Sibu police station – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News | Largest English Daily In Borneo

SIBU: For crooks preying on vacant houses during Gawai, motorists have done the unthinkable – they parked smack in the police station before making tracks for the holidays. 

Let’s go a few rounds over the roundabout

“I had a little skepticism of that roundabout at Range and Griswold. You know what? That thing is sweet.” 

Beware of Crash for Cash scams – Behind the Wheel

Drivers should be wary of a tactic being used by some unscrupulous people in our community designed to scam car insurance companies. 


Health Insurance Roundup, May 31, 2016

Health Insurance

All you need to know about Dubai health insurance |

By end of June, almost 95 per cent of residents with Dubai visas will have to come under the mandatory health insurance cover as per the Dubai Health Insurance law, a top official said on Monday. 

Most smokers do not have health insurance: report – Livemint

A survey done by ICICI Lombard General Insurance Co. Ltd, What’s your stand on smoking?, found that 57% of the respondents who smoke do not have a health insurance policy. 

All you need to know about OPD health insurance cover; how it also helps in saving tax | The Financial Express

OPD health insurance is an additional cover provided by the insurer who charges extra premium for the enhanced facility. 

Re-elected QC congressman seeks health insurance coverage for breast cancer patients

A re-elected lawmaker has vowed to re-file in the 17th Congress a measure that seeks to require health insurance companies to provide coverage in their plans for a minimum hospital stay for mastectomies and other specific treatment for breast cancer. 

FG begins health insurance coverage for IDPs »

In response to the plight of Internally Displaced Persons (IDPs) across the country, the federal government has commenced a health insurance scheme targeted at ensuring that they get integrated into the larger society. 

Govt to launch health insurance scheme today and other top insurance news

The government in commemoration of the 29th anniversary of the Goa Statehood Day, will launch on May 30 its ambitious flagship scheme namely Din Dayal Swasthya Seva Yojana. 

Health insurance consumer claims collusion against Blue Cross Blue Shield | Legal News Line

A Vermont-based law firm is suing a nationwide health insurance provider, alleging collusion. 

Next Weeks Broker Price Targets For Health Insurance Innovations, Inc. (HIIQ) – Share Trading.News

Recently analysts working for a variety of stock market brokerages have changed their consensus ratings and price targets on shares of Health Insurance Innovations, Inc. (HIIQ). 

Business Owner Forced to Get Rid of Health Care Benefits

When Maryland business owner Thomas Kunkel first learned about the Affordable Care Act, he was excited about the prospect of the new health care law. 

Zane Benefits Releases New Infographic: Health Benefits Reimbursement Compliance Timeline – InsuranceNewsNet

Zane Benefits, the leader in individual health insurance reimbursement for small businesses, announced today the publication of an original infographic, ” Health Benefits Reimbursement Compliance Timeline.” 

The many benefits of Health Savings Accounts – CBS News

Anyone who’s enrolled in a high-deductible health plan (HDHP) has the option of opening a Health Savings Account, or HSA. It’s a special account that allows you to contribute tax-deductible money into it, which can later be withdrawn tax-free to reimburse the account owner for qualified medical expenses. 

Life Insurance Roundup, May 31, 2016

Life Insurance

ClearView to target middle of life insurance market

ClearView Wealth is shifting away from the lower end of the life insurance business because it believes Australians in that market simply aren’t getting any richer. 

4 tips to buy life insurance

Buying an insurance policy has always been a tricky affair. In fact, most people find themselves in a spot while buying an insurance product. But no matter how much you dread these, you cannot ignore them either. 

Chinese bidders vie for ING Life in record South Korea insurance M&A: sources | Reuters

China Life Insurance (601628.SS) and China Taiping Insurance (0966.HK) have expressed initial interest in acquiring ING Life Insurance Korea in a sale that could fetch about $3 billion, two sources with direct knowledge of the deal said on Monday. 

Scots prioritise internet and mobile phones over life insurance (From Herald Scotland)

Scots are more likely to prioritise having internet or a mobile telephone over ensuring financial security if they became seriously ill, according to research. 

ICICI Pru Life Insurance eyes $500-600 mn from IPO: Sources –

ICICI Prudential Life Isurance is planning to raise USD 500-600 million from an initial share sale it is planning in FY17.

Two insurers to stop treating all pot users as smokers as marijuana increasingly accepted | National Post

In a sign of marijuana’s growing normalization in Canada, two major life insurance companies have decided to treat cannabis users as non-smokers, reversing a long-standing policy and offering many of them far cheaper premiums. 

BT life insurance gets A* rating three times in a row for claims and service

The claimant experience is very topical at the moment given the recent mainstream media attention. 

Global life insurance industry is expected to drive the market to a value of $3,249.4billion by the end of 2019 according to new research report – WhaTech

This report is a complete study of current trends in the Global Life Insurance Industry market, industry growth drivers, and restraints. 

Claybrooke Life Insurance Launches Campaign To Make Public Aware Of Massive Need

According to behavioral finance studies, consumers who are confused will invariably put off making decisions. Additional research has shown that this is particularly true for people shopping for life insurance. 

Misconceptions by policyholders diagnosed with HIV

A recent survey by Unusual Risks, found that policyholders diagnosed with HIV still have misconceptions about protection cover. 

A second Zurich Insurance executive has committed suicide – Honolulu, Hawaii News and Weather – KITV Channel 4

The former CEO of Zurich Insurance Group, Martin Senn, has taken his own life just months after leaving the company. 

Car Insurance Roundup, May 30, 2016

Car Insurance

How would celebrity job changes affect car insurance? | This is Money

How would changing job affect your car insurance? We check what would have happened to celebrities who switched careers 

Half-term holiday car hire? Steer clear of these traps

Hiring a car on holiday can end up costing far more than you planned for. 

The Dangers of Driving Without Coverage and How to Find Auto Insurance on Any Budget! |

Liability auto insurance is mandatory in almost every state. Someone who is caught driving without proof of insurance will pay a high fine and depending on the circumstances can have his/her license suspended. Also, the driver, if he/she caused an accident will have to pay all the expenses (including the legal fees) from his/her pocket. 

The sneaky insurance trap you need to be aware of at renewal time | This is Money

‘The cost of my breakdown policy is rising by 60% after just a year’: The sneaky insurance trap you need to be aware of. 

Diana Hayden’s immaculate conception plan |

Former Miss World Diana Hayden, who has publicly discussed having her first child out of eggs she froze nine years ago, said she chose to reveal that intimate part of her life in the hope that it would help women who are finding it difficult to conceive. 

Being uninsured is risky business | IOL

We have all been there: some months are tougher than others, which necessitates some navel-gazing and a serious cost-benefit analysis. Naturally, the luxuries are the first to go. 

Coast Lines, May 30, 2016: Monterey Bay Aquarium to mark World Ocean Day

The Monterey Bay Aquarium will celebrate the ocean and all it provides during World Ocean Day weekend at the aquarium Saturday and Sunday. 

Bob Dyer: Car insurance rip-off continues – Bob Dyer – Ohio

Not long ago I told you about the curious case of Timothy Manning. 

Health Insurance Roundup, May 30, 2016

Health Insurance

Five reforms to make private health insurance cheaper |

Latest government figures confirm more than 13 million people, or more than half the Australian population, has some level of private health insurance. 

Why health insurance is important for women

It is imperative to understand the need for health insurance which can save women from huge financial crisis in time of a medical emergency. The cost of hospitalisation and speciality medical treatments are so expensive today, it is almost impossible to bear that cost by self without necessary support from insurance. 

Connecticut’s health insurance marketplace is helping up to 18,000 people who no longer qualify for Medicaid health coverage to enroll in private insurance plans

Connecticut’s health insurance marketplace is helping up to 18,000 people who no longer qualify for Medicaid health coverage to enroll in private insurance plans. 

Legislator asking colleagues to pay more for insurance – News – Standard Speaker

When Luzerne County voters say how much they pay for medical insurance, state Rep. Gerald Mullery can relate. 

Supporting Mental Health Efforts Beyond The Month Of May – Forbes

May is mental health awareness month, and there’s no hiding that this has been a hot topic of discussion this year. According to the National Alliance on Mental Illness (NAMI), over 43 million adults suffer with a mental illness every year, or approximately 1 in 5 adults in America.

Letter: Lynn Jenkins doesn’t care about mental health |

Congresswoman Lynn Jenkins’s column about Mental Health Month was like something out of a health publication. Everything in the article was correct and it sounded very sincere, but this can’t be proven. 

Briefs: Hazlet man chosen to lead health underwriters

Toby Stark of Hazlet has been elected president of the New Jersey Association of Health Underwriters, a statewide organization representing licensed health insurance agents, brokers, consultants and benefit professionals in New Jersey who service the health insurance needs of large and small employers as well as individuals. 

Madeleine Jacobs, M.D.: ColoradoCare would heal broken health care system – Boulder Daily Camera

As a rural physician in Fremont County for 27 years, I have witnessed the deterioration of the American health-care system both as a provider and a patient. Finally, there is hope, if we, as Coloradans, support ColoradoCare. 

Self-funded health plans can save money, up risks – Crain’s Cleveland Business

Business consulting company Spooner Inc. found itself facing the same challenge its clients and many other employers across the country are grappling with: rapidly rising health plan costs. 

Will insurers hike rates? ‘Read between the lines’ – Houston Chronicle

Health insurers have yet to go public with proposed rate increases for next year’s Affordable Care Act plans, but they’ve hardly kept quiet in bemoaning losses and threatening to pull out of the federally mandated exchanges. 

Scotty Allison: Why do we recommend veterans obtain medical insurance? | Bemidji Pioneer

Many veterans ask this office why they need other medical insurance if they have Veterans Administration medical coverage. I will attempt to answer this from our perspective. 

Life Insurance Roundup, May 30, 2016

Life Insurance

Life insurance helps with retirement planning, but beware of the pitfalls

Cash-value life insurance could prove to be a valuable asset for clients looking to couple an insurance need with tax and portfolio diversification in retirement. But there are some major caveats involved — namely, product considerations are complex and numerous, and using this strategy inappropriately in a retirement income plan can trigger major pitfalls for clients. 

Never too late to buy a term life insurance | Business Standard News

Today, if you want to buy a term plan online, you can do so till the age of 60 years or more-something very difficult to do only a few years back. The coverage will be given till the age of 75 years to 80 years. No wonder, a number of elderly citizens are buying term plans though they are a tad expensive. 

Insurance sector’s tax structure to change – The Express Tribune

The government may bring drastic changes in the income tax structure of the insurance sector, while levying a new tax on insurance premium that could adversely affect the growth of an industry still in its infancy. 

Bill of rights to protect insurance policyholders issued | Inquirer Business

THE INSURANCE Commission has come out with a bill of rights detailing an insurer’s obligations to consumers to better protect policyholders, specifying sanctions for noncompliance. 

Should you buy annuity for regular income? – Livemint

When you retire, you want a worry-free way of getting a regular income from investing the corpus you have accumulated over your working lifetime. In the absence of social security, or sufficient pension, you need a financial instrument that will give you the income you seek for the rest of your life. 

LIC tops loyalty charts, but lead narrows | Business Standard News

Private insurers snap at the heels of the public sector behemoth, closing the gap with the lead insurer according to a survey by IMRB. 

The scary switch that happens to investors over age 60

Aging adults beware: The faith you have in your financial skills might be deceiving. 

Profit-taking caps stock market weekly gain to 1.71 per cent – The Himalayan Times

While bullish investor sentiment caused Nepal Stock Exchange (Nepse) index to advance by double digits in the beginning of the week, profit-booking in mid-week resulted in capping weekly gain to 25.77 points or 1.71 per cent in trading week of May 22 to 26. 

‘Invest For Who You Are’ And More Advice For Millenials’ Financial Future : NPR

Economists say the recession officially ended years ago. But people across the U.S. are still feeling its effects. What a lot of people had been saving and working toward for their whole lives disappeared. 

Car Insurance Roundup, May 27, 2016

Car Insurance

Find Cheap Car Insurance in Arkansas – NerdWallet

Comparison shopping is key to getting cheap car insurance in Arkansas. Policies with the same coverages can command very different prices depending on the insurer, so settling for the first estimate you get might mean losing out on a much better deal elsewhere. 

Are you really covered? Deciphering your UAE car insurance policy | The National

Are you really covered? Deciphering your UAE car insurance policy? 

Fraudster Renan Gomes who left drivers with ‘worthless’ car insurance and pocketed their money is spared jail (From Your Local Guardian)

Fraudster Renan Gomes who left drivers with ‘worthless’ car insurance and pocketed their money is spared jail 

Self-driving car manufacturers will be held responsible for accidents | TheINQUIRER

The government has given more insight into how it thinks driverless car insurance policies could work, revealing that it will hold the vehicle, and by extension the manufacturer, liable for accidents. 

Family displaced after car drives through house – KSLA News 12 Shreveport, Louisiana News Weather & Sports

A Shreveport woman says she’s without a home after a someone drove through her rental duplex. Utilities have been turned off making it unlivable and the mother of 6 says little is being done to help her and her family find another place to live. 

Motor insurance industry struggling to generate underwriting profit | The Actuary, the official magazine of the Institute and Faculty of Actuaries

Insurers in 2015 spent approximately £102 in claims and expenses for each £100 of motor insurance premiums earned, according to research by business adviser Deloitte. 

Watchstone hit by impairment charges as loss narrows to £178m –

The embattled firm – known previously as Quindell – posted an improved annual pre-tax loss of £178 million, down from losses of £205 million in 2014. 

The Magic Number: Trump Now Has Enough Delegates to Clinch the Republican Nomination | VICE News

Donald Trump is nearly ready to drop the “presumptive” from his title of “presumptive Republican nominee” after he officially reached the magic number of delegates needed clinch the party’s presidential nomination on Thursday. 

Indian Automotive Industry in the e-commerce era – AutoLogue by Ketan Salhotra | ET Auto

The “Great Indian e-Commerce story” is unravelling at a breath-taking pace. The e-Commerce industry in India is expected to reach USD 38 billion by 2016, a jump of 67% from 2015 revenues of USD 23 billion, as per the industry lobby ASSOCHAM . Gross merchandize value of the top three e-commerce companies (Flipkart, Snapdeal and Amazon) has already exceeded that of the top 10 offline retailers in the country. 

The ‘imperfect’ consumers shut out of basic financial services

Imagine not being able to go on holiday because you cannot get travel insurance or it costs more than the trip itself because of your health. 

Health Insurance Roundup, May 27, 2016

Health Insurance

Bright Health Partners with Centura Health to Bring New Health Insurance Concept to Colorado | Business Wire

New health insurance startup Bright Health announced today its first market and care provider partnership with Colorado-based health system Centura Health. The collaboration pairs the pioneering leadership of Centura Health with Bright Health’s innovative health insurance solution to bring a new option to Colorado consumers. 

Van Buren council looks at employee health insurance options | Times Record

The Van Buren City Council discussed ways to accommodate a rate increase in city employee health insurance at a special meeting Tuesday. 

There’s nothing like pregnancy to make losing health insurance terrifying

A few months ago, my husband lost his job. Because of his employer’s timing, letting him go on the last day of the month, we were uninsured by the end of the day. In fact, when he got home from work that day, I hurried to our pharmacy but still had to pay out of pocket for a refill of one of my prescriptions. 

Cost of health insurance may be going up – WDRB 41 Louisville News

Companies want to increase rates by an average of 17 percent starting next year. The Kentucky Department of Insurance posted the requested hikes for individuals and small groups yesterday. 

Smart Talk: doctor discipline, Zika, health insurance rates | Smart Talk |

If a doctor makes a mistake, like showing up to work intoxicated or failing to follow regulations, Pennsylvania sends them a warning letter. 

Editorial: Anti-Insure Tenn. lawmakers should use their health insurance for a hearing test

Once again, a respected poll shows that a majority of Tennesseans support Gov. Bill Haslam’s alternative Medicare expansion plan. 

Mississippi losing Federal Health Insurance Exchange participant – WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

United Healthcare (UHC) has announced that it will be leaving Mississippi’s Individual Federal Marketplace, otherwise known as the Federal Health Insurance Exchange, on January 1, 2017.  

Obamacare nonprofit co-op InHealth under Ohio Insurance Department control, to be shut down – Columbus – Columbus Business First

Ohio is the latest state to lose its nonprofit co-op health insurer created under an Affordable Care Act after a Franklin County judge on Thursday appointed the Ohio Department of Insurance as receiver of InHealth Mutual to take control and liquidate the company. 

Guest column: Don’t let the need for health insurance stop you from leaving – – Wallowa County Chieftain

Domestic violence is found across all socioeconomic groups — in fact, more than one in three women and one in four men have been victims of some form of physical violence by an intimate partner. However, women are often economically dependent on their abusers and are less able to leave and more likely to return to abusive partners. Many women are dependent on their spouses for insurance coverage. 

Life Insurance Roundup, May 27, 2016

Life Insurance

Savings Institute Bank & Trust employee recognized for life insurance accomplishments – News – The Bulletin – Norwich, CT

Savings Institute Bank & Trust employee Elaine Ruffo recently received the Vantis Life President’s Council Award for the 21st year in a row. 

Instant Life Insurance | Quick Cover | LV=

QuickCover Life Insurance from LV= provides life cover for a set number of years chosen by you and guarantees to pay out a set amount of money to your loved ones, if you died or are diagnosed with a terminal illness during that time. 

A.M. Best Affirms Ratings of Oxford Life Insurance Company and Subsidiaries | Business Wire

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of Oxford Life Insurance Company (Oxford Life) (Phoenix, AZ) and its subsidiary, Christian Fidelity Life Insurance Company (Christian Fidelity) (Dallas, TX). A.M. 

Retirees’ annuity uptake sparks growth of life insurance | BusinessDay : News you can trust

Growing interest by retirees taking up annuity for retirement benefits as provided in the Pension Reform Act 2014 is resulting in the monumental growth in life business of insurance companies, BusinessDay investigations reveal. 

First Ever National Life Insurance Sales Roundtable Takes Off | Press Releases |

The importance of life insurance in the lives of individuals, families and a nation can never be overestimated. The life insurance scene in Ghana is one that has a lot of room for improvement.  

First-of-its-kind life insurance now available for Canadians deemed difficult to insure

GUELPH, ON, May 26, 2016 /CNW/ – Today, The Co-operators and Hunter McCorquodale announced the launch of a first-of-its kind life insurance product now available to many Canadians seeking substantial amounts of coverage, but who have been unable to obtain it due to their medical or lifestyle history.  

IndiaFirst Life Insurance eyes AUM of Rs 10,000 crore this fiscal year – Times of India

IndiaFirst Life Insurance , the joint venture ofBank of Baroda , Andhra Bankand Legal & General, on Thursday announced that it is targeting Rs 10,000 crore of assets under management (AUM) in the 2015-16 fiscal. The company’s AUM was Rs 9,061 crore during the 2014-15 fiscal. 

Fitch: Overseas Business Key Growth Driver for Japanese Non-Life Insurance | Reuters

(The following statement was released by the rating agency) Link to Fitch Ratings’ Report: Japan Non-Life Dashboard 2016 here HONG KONG/TOKYO, 

ANZ close-lipped on life insurance sale – InvestorDaily

Speaking to InvestorDaily, an ANZ spokesperson said it was “not appropriate” to comment on market speculation while the review is ongoing. Reuters reported earlier this week that the bank was having discussions to sell its life insurance business. 

5 Crucial Insurance Changes After Divorce – Forbes

Any major life change sends a ripple effect through your finances — especially a divorce. Insurance matters may seem trivial next to the emotional upheaval of ending a marriage. But minding the details now can prevent financial pain later. 

Car Insurance Roundup, May 26, 2016

Car Insurance

Donegal TD says it is time to discuss spikes in car insurance | Donegal Now

Sinn Féin’s Finance Spokesperson, Pearse Doherty TD, has welcomed the identification by Central Bank Governor of the lower yield investment environment as the reason for issues in the non-life insurance sector. 

Tips when choosing a car insurance company |

You need insurance and just any old company isn’t going to cut it, however, you don’t want to pick the wrong one and find yourself over paying. 

5 Crucial Insurance Changes After Divorce – Forbes

Any major life change sends a ripple effect through your finances — especially a divorce. Insurance matters may seem trivial next to the emotional upheaval of ending a marriage. But minding the details now can prevent financial pain later. 

Feds say Norwich and New London men staged car accidents

Court documents outline the insurance fraud case against six men who are from Norwich and New London. 

Epsom ghostbroker sentenced for £89,000 fraud | Insurance Age

A 33-year-old man has admitted setting up over 100 fraudulent car insurance policies and defrauding his victims and insurance company out of £89,000. 

Single-car rollover in southwest Loveland sends man to hospital – Loveland Reporter-Herald

Loveland emergency crews responded to a single-car rollover just after 9 a.m. Wednesday in southwest Loveland that sent a 60-year-old man to the hospital. 

Driverless cars will be held responsible for accidents, not the driver | V3

The government has given more insight into how it thinks driverless car insurance policies could work, essentially holding the vehicle, and by extension the manufacturer, liable for accidents. 

GEICO raised rates 7.2% between 1Q 2015-16, reports lower severity than competitors | Repairer Driven News

Facing higher severity and frequency, GEICO raised premiums by 7.2 percent on average between January-March 2015 and the first quarter of 2016. 

Speeding motorists put Elegant Corridor in the dark – Western News –

Speeding motorists have been blamed for the scores of non-functioning street lights on St James’s Elegant Corridor, sections of which have been in darkness for several weeks. 

Know your rights: €15 fee for a no-claims bonus document –

A €15 fee for a no-claims bonus document and problems with a furniture provider. What are your rights? Our expert has the answers…