Archive for the 'Insurance Weekly' Category


Largest US insurer joins Mass. market

In a move that signals the state’s newly deregulated auto insurance system is making the market more competitive, American International Group Inc., the nation’s largest insurance company, will soon start selling auto policies in Massachusetts.
The New York-based insurer’s decision to do business here is an endorsement of the …

Slow-moving tropical storm nears Bermuda

HAMILTON, Bermuda (AP) — Tropical Storm Bertha kicked up deadly surf as far away as New Jersey on Sunday and threatened to lash Bermuda with rain and high winds in the next 24 hours.
Several business owners in this British Atlantic territory said they planned to send workers home by noon …

Why So Many Seniors Allow Their Life Insurance to Lapse

Causes Include Rising Premiums, Changing Insurance Needs and Many Times Not Knowing the Option of Selling the Policy Exists, Says J.G. Wentworth Why do so many seniors allow their life insurance policies to lapse? There are many factors — including rising premiums and changes in the original need for …

Consider Comparing Life Insurance Policies

Life insurance is arguably one of the most important insurance policies as it offers protection for family and loved ones. As with all types of insurance, there are lots of different policies on the market so ensure complete peace of mind for yourself and security for your family by carefully …

Why So Many Seniors Allow Their Life Insurance to Lapse

Causes Include Rising Premiums, Changing Insurance Needs and Many Times Not Knowing the Option of Selling the Policy Exists, Says J.G. Wentworth Why do so many seniors allow their life insurance policies to lapse? There are many factors — including rising premiums and changes in the original need for …

Consider Comparing Life Insurance Policies

Life insurance is arguably one of the most important insurance policies as it offers protection for family and loved ones. As with all types of insurance, there are lots of different policies on the market so ensure complete peace of mind for yourself and security for your family by carefully …

State orders Allstate to cut rates

California insurance regulators have ordered Allstate Insurance Co. to cut rates for homeowners coverage by an average of 28.5 percent, representing a savings of $255 million for policyholders.
Allstate customers would save an average of $242 per policy per year, state Insurance Commissioner Steve Poizner said in a news release Thursday.
Allstate, …

2008 Half-Year Natural Catastrophes Figures Above Average

This year will probably go down in history as a year with one of the highest numbers of victims and insured losses in the wake of natural catastrophes. More than 150,000 lives have been lost between January and June, while overall losses so far total about $50 billion. The insured …

Ward Group Recognizes 2008 Ward’s 50 Top-performing Insurance Companies

The list of Ward Group’s 50 top-performing insurance companies was released recently by the company, which is a consulting firm that specializes in the insurance industry and is the leading provider of benchmarking and best-practices services.
Annually, Ward Group analyzes the financial performance of insurance companies domiciled in the United States …

Home Oxygen Care Leaders Applaud U.S. Senate for Passing Medicare Bill to Improve and Protect Home Oxygen Benefit

WASHINGTON, July 10 /PRNewswire-USNewswire/ — The Council for Quality Respiratory Care (CQRC), an alliance of the nation’s 11 leading home oxygen therapy providers and manufacturers representing nearly one half of Medicare’s home oxygen beneficiaries, today praised the Senate for passing the House’s Medicare package (HR. 6331), which protects Medicare’s home …