Nationwide Insurance Initiates Fire Response in Santa Barbara County
The News Review:
- Nationwide Insurance Initiates Fire Response in Santa Barbara County
- AM Best Places Ratings of Exporters Insurance Company (Europe) Ltd …
- PEMCO Insurance Finds First Ultimate ‘Supercharged Seahawks Fans’
- AIG Injects NT$45.11 Billion Capital Into Taiwan Life Insurance Unit
- Texas Mutual Insurance Gains ‘Great Victory’ in Appeals Court Case …
- Insurance company charges by the mile
- CA considers health insurance plan freeze
Nationwide Insurance Initiates Fire Response in Santa Barbara County
MarketWatch
, Nov 14, 2008 (BUSINESS WIRE) –
Nationwide Insurance claim representatives and agents are prepared to
assist customers affected by the Tea Fire in Santa Barbara County. Procedures are in place providing quick response to customers’
needs. Policyholders with storm damage should call the Nationwide
Insurance claims hotline at 1-800-421-3535. Nationwide Insurance is reminding customers that walking around
fire-damaged property is very dangerous and to use extreme caution. Some
key safety tips to keep in mind when re-entering any burned area:
–
Report any electrical damage to authorities immediately, and use
caution around burned trees and power poles since they may have lost
their stability.
AM Best Places Ratings of Exporters Insurance Company (Europe) Ltd …
MarketWatch
Best expects Exporters Europe’s
strong management to pilot the company effectively through global
economic expansions and contractions. Partially offsetting these positive factors are the potential exposure
to significant net losses due to major localized or global economic
downturns. Also, premium rates for select credit and political risk
insurance coverages in certain parts of the world have been constrained
under competitive pressures. Rate concerns are mitigated by the recent
firming of market rates and improvements in insurance policy terms and
conditions. Exporters Europe’s ratings have been placed
under review with negative implications due to the announcement that the
company has entered into an agreement with QBE Holdings Inc. (QBE)
for it to acquire Exporters Europe’s
core underwriting and risk management group and to administer the run
off of Exporters Europe’s existing portfolio. The transaction is expected to formally close on November 21, 2008.
PEMCO Insurance Finds First Ultimate ‘Supercharged Seahawks Fans’
MarketWatch
As weekly winners, Reynolds and Simon will receive a “Supercharged
Seahawks Fan” gift pack full of game-day essentials. The Supercharged Seahawks Fan photo contest is a promotion designed to
allow Seattle Seahawks fans to display their team spirit while supporting a
local charity. For each photo submission, PEMCO Insurance donates $1 to the
Bicycle Helmet Program at Seattle Children’s Hospital. Seahawks devotees can submit photos at.
AIG Injects NT$45.11 Billion Capital Into Taiwan Life Insurance Unit
CNNMoney.com
insurance company American International Group Inc. (AIG) has injected NT$45. 36 billion) in fresh capital into its95%-owned Nan Shan Life Insurance Co. as planned, the Taiwanese life insurersaid late Friday.
Texas Mutual Insurance Gains ‘Great Victory’ in Appeals Court Case …
MarketWatch
13 in a Texas appeals court case challenging an
abusive pattern of questionable hospital bills for injured workers covered by
workers’ compensation insurance. The Austin Court of Appeals overturned a Travis County District Court
ruling about the interpretation of a Texas Division of Workers’ Compensation
guideline dealing with hospital fees. “This Court of Appeals ruling puts a stop to questionable billing
practices of certain hospitals in Texas that inflate costs in the workers’
compensation system and ultimately drive up premiums for Texas employers,”
Russell Oliver, president of Texas Mutual Insurance, said. The guideline allowed an exception to the general rule that hospitals be
paid on a per diem basis for treatment of injuries involving workers’
compensation claims.
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Insurance company charges by the mile
KVUE, TX
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CA considers health insurance plan freeze
abc7news.com, CA
There is a $11 billion gap to close this fiscal year. There is one program that may be frozen that will directly affect sick children and their families. Born with a digestive problem, little Tadd Sexton needed three surgeries and relied on a state-funded health insurance program called Healthy Families to make him all better. “It’s meant everything for us. It’s meant great health care coverage for our son and our whole family,” said Jason Sexton, Healthy Families participant. Story continues below Advertisement digGetAd(”Rectangle”); More than 900,000 California kids are enrolled in Healthy Families and would not have health insurance otherwise. But at a time when parents are losing their jobs and health benefits, the state, for the first time ever, is considering freezing enrollment and starting a waiting list.