Insurance News

Swiss Reinsurance Co. estimated Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion.

March 8, 2010 - President Barack Obama speaks about health care reform at Arcadia University in Glenside, Pa. (Charles Dharapak/AP) WASHINGTON — President Barack Obama will try to rally a skeptical public behind his health insurance overhaul in a speech in St. Charles today that may remind Missourians of Obama's days as a hard-charging candidate.

TAIPEI, Taiwan --Department of Health (DOH) Minister Yaung Chih-liang said Wednesday that he will brief President Ma Ying-jeou on a national health insurance premium reform plan March 17.

Swiss Re said on Wednesday the insurance sector stood to lose $4-$7 billion from the earthquake in Chile, a sum unlikely to bring the long hoped-for increase in reinsurance prices.

WASHINGTON — In a reverse twist on the old protest tactic of getting arrested to make a point, union leaders and other backers of President Barack Obama's health care plan issued "citizen's arrest" warrants for health insurance executives Tuesday — accusing them of exploiting consumers.

Zurich and Sonoma Risk Insurance Agency are now offering an attorneys' fees insurance program in the U.S. called Plaintiff Contract Litigation Insurance (PCLI). This new PCLI program is designed ...

A local insurance holding company has raised $80 million in capital and is starting operations as a specialist in business coverage. Kinsale Capital Group’s new Kinsale Insurance Co. subsidiary is selling commercial insurance in 31 states and the District of Columbia, CEO and President Michael P. Kehoe said yesterday. The company will provide liability insurance to professionals, such as ...

WASHINGTON — Legislation extending unemployment insurance for the long-term jobless appears poised to clear a key hurdle in the Senate Tuesday, its momentum helped by about 60 popular tax breaks for individuals and businesses that expired at the end of last year.

Just a small fraction of the thousands of consumers whose health coverage was unfairly revoked by their insurers have benefited from state-brokered settlements with insurance companies, according to an Assembly report made public Tuesday.

An insurance company that issued policies to Mid-Atlantic Youth Services Inc. claims criminal acts allegedly committed in the Luzerne County juvenile justice scandal bar its coverage of related civil suits.