insurance News Archive

'Ship owners avoid ransom insurance, seek naval help (rediff.com)Indian shipping companies' reluctance to take piracy insurance is probably linked to sky-rocketing costs. According to the site of London-based corporate security firm BGN Risk, piracy in the Gulf of Aden could increase insurance and transport costs by $400 million. Special risk insurance for crossing the Gulf has soared from $500 a voyage last year to $20,000 now, the company said.

'Farmers' Health Insurance: A Costly Row To Hoe (NPR)Many U.S. farmers struggle to meet their health care costs. A recent survey by the nonprofit Access Project says farmers pay twice as much as nonfarmers for insurance and out-of-pocket expenses. As small-business owners, they have few options and often buy insurance as individuals.

'EU Scales Back Insurance Overhaul Sought by Industry (Update2) (Bloomberg)Nov. 20 (Bloomberg) -- European Union negotiators scaled back an industry-supported overhaul of insurance rules, dealing a blow to insurers who are seeking more centralized oversight of their risk management policies.

'Woman Dies After Losing Health Insurance (WFTV 9 Orlando)ORANGE COUNTY, Fla. -- An Orange County woman lost her life because she lost her health insurance in the faltering economy. Sakina Rivers lost her health insurance because she was cut back to part time at her job. So she treated a constant cough with cold medicine.

'RBC Insurance enhances seg fund line-up (Investment Executive)RBC Insurance has made several enhancements to its segregated funds, the company said Thursday.

'Senators oppose Blues insurance merger (The Morning Call)A Pennsylvania Senate committee says the state's insurance commissioner should reject the proposed merger of the state's two largest health insurers.

'EU agreement to boost supervision of insurance industry (AFP via Yahoo! News) EU nations reached agreement Wednesday, though not unanimously, on boosting supervision of the increasingly multinational insurance sector.

'Integrity Capital Partners sells unwanted life insurance policies (BizJournals)Integrity Capital Partners has facilitated the sale of $130 million in life insurance policies for a public company. (XRIT)