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Insurance News

Seniors struggling with healthcare costs, retirement planning

The proverbial "golden years" aren't so golden for an alarming and growing number of seniors in the United States today.
In the Media by Michael Essany - 2 comments

Aviva says sells stake in S.Korea venture

London - British insurer Aviva has agreed to sell its stake in its South Korean venture for an undisclosed amount as it focuses on its core Asian businesses, the group said Monday.
In the Media by AFP

New Zealand Property Institute warns of looming insurance crisis

Property Institute Chief Executive David Clark warns that changes to home insurance will bring problems for New Zealand.
In the Media by Nicole Weddington

Munich Re to buy back up to 1.0 bn euros in shares

Frankfurt - German reinsurance giant Munich Re said Thursday it plans to buy back up to 1.0 billion euros ($1.4 billion) worth of shares by 2015."In the period commencing after the 2014 annual general meeting and extending up to the 2015 annual general meeting, Mu...
In the Media by AFP

Uber expands insurance coverage for ridesharing drivers

UberX on Friday expanded the insurance coverage it offers to ridesharing drivers, a step toward easing U.S. regulators' and lawmakers' concerns and creating broader acceptance of the services.
In the Media by Sarah McBride (Reuters)

Generali says efficiency drive boosts profits

Milan - Italian insurance group Generali reported on Thursday a leap in net profits for 2013 and said it expected to do better this year.Net profit last year amounted to 1.915 billion euros ($2.7 billion), the highest figure for six years, from a profit of 94 ...
In the Media by AFP

Insurer Prudential 2013 net profits tumble

London - Insurance giant Prudential said on Wednesday that net profits slumped by nearly 40 percent last year, as it suffered from turbulence in emerging markets.Earnings after taxation sank to £1.346 billion in 2013 on short-term fluctuations in investment va...
In the Media by AFP

Insurer Aviva eyes further recovery after return to profit

London - British insurer Aviva on Thursday said it had swung back into profit during 2013 as it underwent major restructuring and after it avoided a huge write-down suffered the previous year.Chief executive Mark Wilson warned against "complacency", while Aviva...
In the Media by AFP

No insurance, no ridesharing, cities tell UberX, Lyft and others

Using mobile apps to connect passengers with drivers, ridesharing services like UberX and Lyft say they are bringing new zip to transportation.
In the Media by Sarah McBride (Reuters)

U.S. looks at Swiss insurers in offshore probe: WSJ

U.S. prosecutors are widening their probe of how Swiss banks helped wealthy Americans avoid taxes to look at insurers as well, the Wall Street Journal reported on Monday, citing unnamed sources.
In the Media by Reuters

AXA insurance profits leap 10% on asset sales

Paris - French insurance group AXA, number two in Europe after German giant Allianz, raised net profit by 10.0 percent last year with a boost from asset sales and reduced debt, it said on Friday.The price of shares in the group initially fell, as the result mi...
In the Media by AFP

Hannover Re stands by 2014 profit forecast

Frankfurt - German reinsurance giant Hannover Re stood by its forecast for 2014 on Thursday, saying that renewal of its contracts with insurers had gone well at the beginning of the year.
In the Media by AFP

Insurance against bullying in South Korea

Seoul - One of South Korea's largest insurance companies is to begin offering a policy for victims of school bullies, as part of a government campaign to stamp out the problem.
In the Media by AFP

Munich Re says profits up in 2013

Frankfurt - Munich Re, the world's leading reinsurer, said on Tuesday that it beat its own full-year forecasts and booked net profit of 3.3 billion euros ($4.5 billion) in 2013.
In the Media by AFP

Op-Ed: Is the real Obama deceptive, out of touch, or just incompetent?

Washington - The show “To Tell the Truth” first aired in 1956 on CBS, five years before the birth of President Obama. The show was originally titled “Nothing but the Truth,” but CBS chose to change it to “To Tell the Truth” the night before its debut.
In the Media by W. Mark Dendy - 31 comments

Op-Ed: The Affordable Care Act — Show me the numbers

The Affordable Care Act aka “Obamacare” got off to a shaky start plagued with glitches, system overloads, and numerous other problems that continue as the program enters week two.
In the Media by W. Mark Dendy - 2 comments

Video: Protesting firemen spray cops with foam in Brussels

Brussels - Firemen in Brussels, Belgium were protesting against national budget cuts in the fire department on Monday. They set fires and thoroughly foamed police officers along the way.
In the Media by Anne Sewell - 2 comments

Top 10 auto insurance tips every driver should know Promoted

Auto insurance isn't just a pragmatic opt-in; it's the law. How, then, can consumers fulfill their legal obligation to be insured while fulfilling their wallet's desire to be, well, not completely emptied?
Promoted Content by Kelli Korducki

Ontario auto insurances to be reduced by 15% in two years

The Ontario government announced on Aug. 23 that auto insurances would be cut by 15 percent within the next two years. An eight percent reduction is targeted by August 2014. The government is introducing a number of steps to progress this initiative.
In the Media by Dawn Denmar - 1 comment

How the car you drive affects your auto insurance rates Promoted

When buying a new car you might not consider how the type of car you get affects your insurance quotes. Although every auto insurance company has its own method for setting rates, all include the type of car to be insured as a variable.
Promoted Content by JohnThomas Didymus - 3 comments

What drivers need to know about no-fault insurance Promoted

Have you ever wondered what no-fault auto insurance means after you've been in an accident? Why are your rates increasing even though no-fault is supposed to lower them or keep them even?
Promoted Content by Taylor Carmine

What drivers need to know after getting into an accident Promoted

After being in a car accident, drivers might feel anxious about what to do next, including how to file a report and assessing damage to a vehicle. Read on to learn the best tips on covering your bases post-accident.
Promoted Content by Alexandra Christopoulos - 1 comment

Insurance advice for people impacted by the Toronto flood Promoted

Toronto - The rainstorm that drenched Toronto on Monday night delivered over a month’s worth of rain in only a few hours. Were you impacted?
Promoted Content by /newsrooms

8 common auto insurance myths you need to know now Promoted

Being aware of some common myths and popular beliefs about auto insurance can help save you money. From knowing how accidents affect coverage to finding out more about using rental cars, here are eight myths debunked.
Promoted Content by Elizabeth Parker - 2 comments

How location impacts car insurance rates and what to do about it Promoted

Many people believe that the main factor determining the cost of an auto-insurance premium is the year and make of the vehicle being insured. In fact, that is far from the truth. Where you live can play a very significant role in determining your rates.
Promoted Content by John Duarte - 1 comment

7 things to avoid if you faint when you see your car insurance bill Promoted

Saving on car insurance should be something on the mind of every driver. Everybody knows that accidents and traffic violations can increase premiums, but even if you're the safest, most law-abiding driver you could be facing high costs.
Promoted Content by Taylor Carmine - 1 comment

5 secrets to lowering your car insurance Promoted

All motorists in Canada are required to carry auto insurance but a savvy driver can find many ways to save money when shopping for car insurance and knowing what to look for can help.
Promoted Content by Taylor Carmine - 1 comment

Insurance company says Musician Timbaland's claim is bogus

According to legal documents filed by an insurance company, Timbaland is trying to get one over on them by filing a bogus $1.8 million claim over a missing watch.
In the Media by Owen Weldon - 1 comment

Costs and efficiencies of Affordable Care Act in question Special

A new study revealed a 32 percent increase in costs under the Affordable Care Act, and the question of treatment efficiency versus costs remains an uncertainty.
Digital Journal Report by Michael Krebs - 1 comment

Op-Ed: Floods pressure government and insurance industry to seal a deal

What with a short-sighted government and the money-hungry insurance companies it will ultimately be the public who have to pay the price and suffer the consequences if a consensus between the two cannot be arranged.
In the Media by Alan Cairns
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