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  • Insurer considers Ebola exclusion in some policies Tuesday, 21 Oct 2014 | 6:34 PM ET

    Global property and casualty insurer Ace Ltd. says it may exclude Ebola coverage from some of its general liability policies. The Swiss company said Tuesday that it is making the decision on a "case by case" basis for new and renewal policies under its global casualty unit, which offers coverage for U.S.-based companies and organizations that travel or have...

  • Insurer warns of Ebola-related restrictions Tuesday, 21 Oct 2014 | 2:36 PM ET

    A big name insurer is warning of possible Ebola-related restrictions on business liability coverage.

  • ACE Ltd. warns of Ebola restrictions     Tuesday, 21 Oct 2014 | 2:33 PM ET

    CNBC's Mary Thompson reports Zurich based ACE Limited has warned of Ebola related restrictions on insurance coverage.

  • *Insurers face $800 mln bill; outstrips $60- $90 mln premiums. *Follows downing of MH17 over Ukraine, other incidents. The hefty bill dwarfs the $60- $90 million in income insurers received last year to cover the incidents, which have included the downing of Malaysia Airlines' MH17 passenger jet in Ukraine, and could mean some bow out of the market if the price...

  • Oct 21- Property and casualty insurer Travelers Cos Inc reported a better-than-expected rise in quarterly operating profit, helped by higher net investment income and a fall in disaster-related losses. Operating earnings of $2.61 per share in the third quarter ended Sept. 30 handily beat the average analyst estimate of $2.27, according to Thomson Reuters...

  • TOKYO, Oct 21- Japan's Nippon Life Insurance will "have no choice" but to invest more in foreign bonds if yields on domestic ones remain too low, a company official said on Tuesday. Nippon Life, Japan's largest private insurer with total assets of about 58 trillion yen, said at the start of the 2014/ 15 financial year in April that it wanted to increase yen bond holdings,...

  • TOKYO, Oct 21- Japan's Nippon Life Insurance plans to keep raising yen bond holdings in the financial year through March 2015 but will invest more in foreign bonds if domestic yields are too low, a company official said on Tuesday.

  • Sears said Chief Executive Officer Eddie Lampert and his hedge fund, ESL Investments Inc, would purchase roughly half of the offering, in which the right to buy unsecured senior notes and warrants will be issued to existing shareholders. The move comes after some insurers who offer protection to suppliers against the risk of nonpayment had cancelled or scaled...

  • 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 "...

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