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Insurer Chubb Ltd on Friday said that it will stop underwriting a National Rifle Association-branded insurance policy for gun owners. Chubb gave notice three months ago of its plan to stop participating in the NRA insurance program, known as “NRA Carry Guard,”

After 173 years, insurer swamped by wave of workers’ comp claims. Atlantic Mutual Insurance Co. managed to pay out claims when the legendary Titanic passenger liner sank in April 1912, but the insurer couldn’t survive a wave of workers’ compensation claims, industry publication BestWire reported Friday. The company was placed into liquidation and New York’s superintendent of insurance was appointed liquidator on April 27, according to the website of the New York Liquidation Bureau. Atlantic Mutual Insurance was incorporated under the laws of the state of New York on April 11, 1842. ... Workers’ compensation insurance covers the cost of...

HHS Defends Consumer Website After Insurer Group Questions A New FeatureArticle Date: 04 Oct 2010 - 0:00 PDT HealthCare.Gov, the consumer health care insurance website run by the federal government, unveiled a slew of new features Friday morning, but the insurance industry raised some concerns. The Hill: New data posted Friday on the government's health insurance Web portal offer consumers a "pretty good measure" of their chances of being denied coverage, the deputy director of HHS's Office of Consumer Support said. 'It's not perfect,' said Karen Pollitz, 'but it gives you a pretty good idea about what to expect in...

WASHINGTON -- President Obama yesterday bowed to criticism that his new health-care laws exempt him from buying coverage at the government-run "exchanges" and announced the first family will get its insurance just like everyday folks. The White House revealed Obama's pledge to shop at the "exchanges" in response to an amendment by Sen. Charles Grassley (R-Iowa) that would have stripped the president and other executive-branch officials of the exemption. "We think the amendment is unnecessary; the president will participate in the exchange. But let's be clear: the amendments being offered by Senate Republicans, including this one, are just a ploy...

A Rancho Cordova-based insurer Monday launched what it calls the first nationally available insurance coverage designed specifically for the medical marijuana industry. Only 14 states allow use of medical marijuana today, but Statewide Insurance Services is nonetheless offering coverage in all 50 states.

Insurer AIG's shares slide on analyst downgrade1 hour, 35 minutes ago (AP:NEW YORK) The near-term sale of American International Group Inc.'s assets will leave little value for common equity holders, a Credit Suisse analyst said Tuesday, downgrading the troubled insurance giant and slashing his price target for the stock in half. Shares slid $3.58, or 8.9 percent, to $36.47 in late trading. Analyst Thomas Gallagher downgraded his AIG rating to "underperform" from "neutral" and wrote in a research note that the government's plan to be a bridge rather than a permanent stakeholder suggests meaningful asset sales or initial pubic offers...

Former Assembly Speaker Fabian Núñez has taken a lucrative seat on the board of directors for a workers' compensation insurer after helping broker a 2004 deal that benefited the industry. The Los Angeles Democrat was termed out of the Assembly on Sunday, and on Monday, Zenith National Insurance Corp. appointed him to its board. Company filings say that directors are paid $90,000 per year, with an additional $40,000 paid for every committee on which they serve. Núñez said he did not know if his post was paid. "You have to ask Zenith," he said. Zenith did not return calls for...

Stanley Biber, one of the few doctors in the nation who performs sex-reassignment surgeries, is having trouble buying malpractice insurance. "I guess they think I'm too old," said Biber, 80. Medical coverage companies consider any practicing surgeon older than 65 to fall into a high-risk category, said Karen Reese, an independent agent with Houston-based Professional Medical Insurance Services, a brokerage company that matches clients and insurance companies. Reese said she worked with nine companies to try to help Biber, whose base of operations is Mount San Rafael Hospital. "All of the markets I checked with who would have insured him...