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  • Petition drive to limit hospital charges gets OK Monday, 20 Oct 2014 | 4:01 PM ET

    LANSING, Mich.— Michigan's elections board gave the go-ahead Monday for a petition drives seeking to limit what hospitals can charge uninsured and underinsured patients and auto accident victims. He acknowledged that insurers are supportive of the effort, which was blasted by defenders of Michigan's auto insurance law as a "cynical ploy" by the insurance...

  • Not knowing what you don't know about auto and homeowners insurance could be an expensive mistake, according to a new Insure.com survey.

  • *Munich Re, Hannover Re see stable German premiums. BADEN-BADEN, Germany, Oct 20- Germany's Munich Re and Hannover Re expect stable reinsurance prices in their home market next year, cushioning the blow from a slide in prices on world markets. "I see no reason why reinsurance prices should fall," Munich Re board member Ludger Arnoldussen told a news conference in the...

  • Sears shares rose about 7.5 percent in early trading. Most of this will come from Lampert and his hedge fund, ESL Investments Inc, which together own 48.5 percent of Sears. Sears' deepening financial troubles have forced insurers and banks to raise the cost of guaranteeing payment to vendors, rattling the retailer's supply chain ahead of the key holiday season.

  • TOKYO, Oct 20- Tokio Marine& Nichido Fire Insurance expects to keep its Japanese bond holdings largely unchanged this fiscal year ending in March 2015, and might consider buying U.S. Tokio Marine& Nichido Fire is the core arm of Tokio Marine Holdings, one of Japan's big three non-life insurer groups. Yoshiaki Nakahara, deputy general manager of portfolio...

  • NC insurers press for higher homeowner rates Monday, 20 Oct 2014 | 4:01 AM ET

    RALEIGH, N.C.— North Carolina's insurance commissioner on Monday began deciding whether to allow homeowner's coverage costs to rise by as much as 35 percent even as more insurers demand even higher rates in agreements with customers. Craig Smith has seen the annual insurance premium for his rural Pitt County home double to $2,000 since he and his wife Brenda...

  • Oct 17- Unable to reach a compromise with JPMorgan Chase& Co over the use of the term "smart" in relation to its lucrative retirement savings products, major life insurance provider MassMutual is taking the banking company to court. The insurer is asking for a declaration that it is not infringing on JPMorgan's trademark. JPMorgan first told MassMutual it was...

  • Ebola: New insurance deal with an outbreak Friday, 17 Oct 2014 | 5:37 PM ET
    A custodial worker wears a mask and eye protection to guard against the Ebola virus as he prepares to clean Ruth Cherry Intermediate School in Dallas.

    A Lloyd's of London unit is underwriting two forms of insurance to cover businesses that shut down as a result of Ebola and other diseases.

  • British broker Miller Insurance Services LLP said the product it created with U.S. broker William Gallagher Associates would also protect hospitals against any potential losses to revenue in the aftermath of a quarantine. The news comes as U.S. health officials said they were monitoring 16 people in Ohio, including one in quarantine, who had close contact...

  • Johnson levels lying charge over health rates Thursday, 16 Oct 2014 | 3:10 PM ET

    ST. PAUL, Minn.— Republican Jeff Johnson seized Thursday on new insurance data to accuse Democratic Gov. In early October, Commerce Department officials projected an average premium increase of 4.5 percent for plans sold through the MNsure insurance exchange. Officials with the Minnesota Association of Health Underwriters told MNsure's board of directors...

  • DETROIT, Oct 16- Detroit announced on Thursday a last-minute settlement with its final major holdout creditor, Financial Guaranty Insurance Co., as it edged closer to exiting the biggest-ever municipal bankruptcy. Corinne Ball, an attorney at law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the settlement includes an option for FGIC to...

  • Oct 16- UnitedHealth Group Inc said on Thursday that patients had used medical services at low rates in the third quarter, easing worries among investors that higher admissions reported by hospitals would cost insurers more than they planned. UnitedHealth reported a net profit increase that beat Wall Street expectations and described medical use as "...

  • DETROIT, Oct 16- A settlement between Detroit and its last major holdout creditor, Financial Guaranty Insurance Co, resolves all issues involving the city's outstanding pension debt, an attorney for the city said on Thursday. Corinne Ball, an attorney at law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the settlement includes an option for...

  • Oct 16- UnitedHealth Group Inc said on Thursday that its third-quarter net profit increased as patients' use of medical services remained "restrained," helping to keep the cost of health insurance claims down. The largest U.S. managed care company reported earnings of $1.6 billion, or $1.63 per share, up from $1.57 billion, or $1.53 per share, a year earlier.

  • UnitedHealth tops 3Q expectations, raises forecast Thursday, 16 Oct 2014 | 6:06 AM ET

    UnitedHealth Group's third-quarter earnings inched up 2 percent but that was enough to help the nation's largest health insurer trump Wall Street expectations and raise its 2014 forecast for the first time this year. Overall, UnitedHealth earned $1.6 billion, or $1.63 per share, in the quarter that ended Sept. 30. Health insurance is UnitedHealth's largest...

  • MNsure races to ready exchange for open enrollment Wednesday, 15 Oct 2014 | 4:41 PM ET

    ST. PAUL, Minn.— Officials racing to ready Minnesota's health insurance exchange for open enrollment one month from now said Wednesday it's a high-risk project because of tight timelines but they expect consumers will have a better experience than last year. Dec. 15 is the deadline for signing up for coverage that takes effect Jan. 1. Insurance agents started...

  • Platinum Underwriters misses 3Q profit forecasts Wednesday, 15 Oct 2014 | 4:33 PM ET

    PEMBROKE, Bermuda _ Platinum Underwriters Holdings Ltd. on Wednesday reported net income of $29.1 million in its third quarter. On a per-share basis, the Pembroke, Bermuda- based company said it had net income of $1.12. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

  • NEW YORK, Oct 15- The cost for insuring Venezuelan sovereign debt against default or restructuring surged on Wednesday as global oil prices swooned to a 27- month low before rebounding, illustrating rising investor concerns over the OPEC member nation's ability to service its debt. In addition they would have to pay $500,000 annually, for the duration of the...

  • 4 questions to ask before renewing health coverage Wednesday, 15 Oct 2014 | 2:29 PM ET

    The health care overhaul makes renewing insurance so easy you don't have to do a thing. However, there are many reasons to resist this temptation. Open enrollment returns starting Nov. 15, and experts say it brings with it the perfect chance to take stock in your insurance coverage, even if you like the plan you have this year.

  • DETROIT, Oct 14- A settlement with Financial Guaranty Insurance Co, the last major holdout creditor in Detroit's historic bankruptcy case, is close and could be announced on Thursday, attorneys said on Tuesday. Detroit's attorney, Thomas Cullen at law firm Jones Day, told U.S. FGIC, which has $1.1 billion on the line from insuring Detroit pension debt, is facing the...

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