Live Insurance News

Insurance news for Canadian Olympic hockey could cause struggles

July 24, 2013July 22, 2013 Julie Campbell

insurance policy news olympic hockey NHL

Coverage issues have added doubt to the ability of players from Canada to head to Sochi. Hockey Canada has been dealing with a number of different issues in finalizing its plans to be able to send hockey players to the Olympic orientation camp in August 2013, but bad insurance news is continuing to stand in the way. If the current situation doesn’t turn around, it may mean that the players won’t be able to skate after all. The CEO of Hockey Canada, Bob Nicholson, has said that no decision has…

Health insurance rates in New York drop by 50%

July 23, 2013July 20, 2013 S.Vagus

Health insurance premiums are plummeting in New York Health insurance rates are rising throughout the U.S. as insurers prepare to comply with the various regulations being introduced with the Affordable Care Act. These regulations are placing more stringent requirements on insurers, effectively raising the costs associated with administration and general business while also lowering their ability to generate profit. In New York, however, health insurance rates for individuals could plummet due to the state’s health insurance exchange program. Officials approve 17 affordable plans from insurers New York officials have approved…

Insurance fraud scam in the UK to cost another £1 billion

July 23, 2013July 20, 2013 H. Cutner

Banks are now facing a massive bill to pay for millions of customers back for mis-sold products. Millions of customers throughout the United Kingdom who were mis-sold credit card theft policies will be receiving a portion of an insurance fraud compensation fund payout that currently totals £1 billion. The compensations will be issued to the qualifying customers over the next few months. Eligible customers for the insurance fraud compensation payout are from Barclays, HSBC, Nationwide, Santander, and NatWest. They will be receiving the payment that is due to them at…

Health insurance reaches almost 1.3 billion in China

July 23, 2013July 20, 2013 G. Turner

At the same time, however, there are still many Chinese poor who are neglected by the healthcare system. China has been making considerable reforms to its health insurance system and has now reached the point that about 95 percent of its population – approximately 1.3 billion citizens – have coverage with some kind of plan. This, according to the latest figures that have been released by the Chinese government. This level of health insurance coverage throughout the population represents a considerable amount of progress. This most populous country on the…

Insurance news made in NY when judge blocks 9/11 claims against airlines

July 22, 2013July 20, 2013 Julie Campbell

terrorism insurance industry news 9/11 Memorial in 2004

The ruling in New York is that the World Trade Center’s owners cannot demand payouts from the attacks. A federal judge has just made insurance news headlines when he ruled that the owners of the World Trade Center are not permitted to make demands of billions of dollars of additional payments from insurers due to the attacks on September 11, 2001. The owners of the buildings will not be able to receive the money from the airlines and their insurers. The insurance news was made when Judge Alvin Hellerstein made…