Insurance Network

News

Molina, WellPoint Join California Exchange as Rates May Rise

By Alex Wayne, Bloomberg News

Thirteen insurers join amidst speculation that rates are going to skyrocket in the most-populous U.S. state when exchange enrollment begins on October 1.

Social Media Lacks Effectiveness for Internal Use

By Justin Stephani

Surprisingly few companies are trying to build community among employees through social tools, and those do are not impressed.

Total Annuity Sales Decline 6%

By Chris McMahon

LIMRA finds indexed annuity sales at lowest point in two years; though deferred income annuities sales increased 174 percent.

Esurance, GEICO and Progressive Top Web-Usability Rankings

By Chris McMahon

J.D. Power report ranks auto insurers' websites on shopping and self-service, and finds that web-usability trumps price among customers.

Missouri Passes E-Card and 2 Other Insurance-related Bills

By Carrie Burns

PCI applauds the passing of "No Play, No Pay" and Workers’ Comp Reform in Missouri; new legislation also permits electronic proof of insurance for consumers.

OK Tornado Expected to Rank Among 5 Costliest in U.S. History

By Justin Stephani

Moore, Okla., suffered $1.4 billion in damages from a 1999 tornado; experts predict yesterday’s EF-4 will result in similar figures.

U.K. Coverage Comparison Site Adds Telematics Brand

By Jennifer Morrell

Tiger.co.uk introduces new telematics-based product from PolicyWise, giving it a dozen such products for consumer comparisons.

P&C Reserve Positions Stable and Improving

By Chris McMahon

Research from Conning attributes improvement to increasing premiums and reduction in incurred losses.

Insurers Hit Most by Housing Crash Now Attracting Hedge Funds

By Zachary Tracer, Bloomberg News

Mortgage insurers are gaining attention after operating income doubled in the first quarter of 2013 while loan delinquencies continued to decline.

INN Issues WIL Awards Call for Nominations

By Carrie Burns

Now in its eighth year, INN's Women in Insurance Leadership program has detailed the extraordinary efforts of more than 60 professionals whose leadership has set the standard for the application of technology in the insurance business.

Claims Begin to Pile Up in Wake of Texas Tornadoes

By Justin Stephani

Mobile claims adjusters have been issued to the area by at least three insurers, and thousands of claims have already been filed.

The Hartville Group and Crum & Forster to Merge

By Jennifer Morrell

Crum & Forster has already underwritten the pet insurer's plans since 2006.

ACE Maximizes the Potential of International Travel Products

By Bob Violino

Sensing an opportunity among small commercial buyers, ACE Commercial Risk Services created a simpler international travel package policy and a Web-based platform to support it.

USAA Hires New Life Insurance Lead

By Justin Stephani

Former 24 Hour Fitness CEO gives up his place on USAA’s board of directors to join the senior management team.

Berkshire Cut to AA by S&P as Ratings Firm Revises Criteria

By Noah Buhayar and Zachary Tracer, Bloomberg News

S&P cites the firm’s practice of holding less capital to back insurance operations than competitors as a factor in the downgrade.