Archive for April 2010

Insurance Department Approves ‘Green’ Discounts for Homeowners as Environmental Awareness Grows

Apr 29th, 2010 | Category: Insurance Today

(PRNewswire) – The Pennsylvania Insurance Department has approved Travelers Insurance’s discounts on “green” homeowners’ products, Insurance Commissioner Joel Ario said today.  The policy discount is based on having the U.S. Green Building Council’s Leadership in Energy and Environmental Design, or LEED, building certification.   “The LEED certification is the most widely recognized environmental building standard […]

QBE Agrees to Acquire NAU Country Insurance Company

Apr 16th, 2010 | Category: Insurance Today

(PRNewswire) – QBE today announced that it has agreed to acquire NAU Country Insurance Company, a leading writer of crop insurance business based in Ramsey, Minnesota. Completion is expected in July 2010, subject to regulatory approvals. The acquisition supports QBE’s commitment to growing the business through product diversification and new distribution channels. It also strengthens […]

New Long-Term Care Insurance In Health Care Reform Will Provide Flexible Cash Benefits

Apr 15th, 2010 | Category: Insurance Today

(Senior Journal) – Millie Toda of Toledo, Ohio, takes cares of her husband Richard, 83, who is severely disabled from Parkinson’s Disease. She’s grateful that with the help of government-paid home health aides and adult day care, he’s able to continue living at home rather than move to a nursing home. Even with that aid, […]

Sweden, Canada outrank U.S. on healthcare

Apr 15th, 2010 | Category: Insurance Today

(Reuters) – People living in countries with government-run healthcare systems like Sweden and Canada are far more confident than Americans that their families can get good, affordable care, according to a 22-nation survey released on Thursday. The Ipsos/Reuters online poll found 75 percent of Swedes and nearly 70 percent of Canadians thought it would be […]

GEICO and NABC Recycled Rides™ provides free vehicles to three local families

Apr 13th, 2010 | Category: Insurance Today

(BusinessWire) – GEICO recently partnered with the national program, Recycled Rides™, to provide used vehicles to three local families (two from Long Island and one from Brooklyn) who could use the reliable transportation. The vehicles were presented to the three families during a recent ceremony attended by New York Assemblyman Dean Murray. GEICO donated the […]

Universal Casualty May Sell Auto Insurance in Missouri Again

Apr 12th, 2010 | Category: Insurance Today

(ClaimsJournal) – The Missouri Department of Insurance has lifted its restrictions on Chicago-based auto insurance company, Universal Casualty Co., allowing it to start offering new policies in Missouri again. Director John M. Huff issued a cease-and-desist order against Universal Casualty in June 2009, banning it from writing new business until it changed numerous business practices. […]

Minimum liability insurance bill gains 2nd Senate committee OK

Apr 6th, 2010 | Category: Insurance Today

(The Baltimore Sun) – A second Senate committee Monday approved a bill that would raise the minimum amount of liability coverage Maryland vehicle owners must carry on their auto insurance, giving the measure a boost as it heads to a vote on the floor. The Judicial Proceedings Committee acted immediately after holding a hearing on […]