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Supporters of a proposed ballot measure seeking tighter regulation of health insurance rates in California turned in 800,000 petition signatures, confident that they will qualify for the Nov. 6 election.In the coming weeks, county election offices and the California secretary of state will determine whether the measure meets the requirement for 504,760 valid signatures of registered voters. The deadline to qualify is June 28.The initiative is expected to spark an expensive campaign battle over rising health insurance rates, which have angered thousands of California consumers in recent years.

Farmers Insurance Announces Partnership With the Golf Coaches Association of America

LOS ANGELES, CA–(Marketwire -05/18/12)- Farmers Insurance, the sponsor of the PGA TOUR’s Farmers Insurance Open, is proud to announce a partnership with the Golf Coaches Association of America as the presenting sponsor of the Academic Team Awards. The partnership builds upon the success of “University Day” at the Farmers Insurance Open where players have been encouraged to support their alma maters during the third round of the Farmers Insurance Open the past two years. In 2012, $20,000 was awarded to the Florida State University golf program on behalf of top finisher Jonas Blixt and $10,000 to Georgia Tech’s program on behalf of runner-up Cameron Tringale.

American Security Insurance Testifies at New York Hearing on Lender-Placed Insurance

NEW YORK, May 17, 2012 /PRNewswire/ – Representatives of American Security Insurance Co., a unit of Assurant Specialty Property, told New York officials today that lender-placed insurance “fulfills an important need” in the nation’s mortgage system, as a “safety net” protecting homeowners who otherwise would be without coverage. The New York Department of Financial Services is conducting hearings on the topic this week in Manhattan. American Security President John Frobose represented the company. Lender-placed insurance is included in the terms of virtually all home mortgages to ensure continuous insurance coverage, as required by lenders, regulators and mortgage investors. In the event of a lapse in insurance coverage, if a homeowner does not renew or replace their policy, lenders will place insurance on the property.

Allstate Insurance Company Files $14 Million Insurance Fraud Case

HAUPPAUGE, N.Y., May 16, 2012 /PRNewswire/ – Allstate Insurance Company is seeking to recover $14 million against 111 New York area defendants in its 4th insurance fraud lawsuit of 2012. The complaint, filed under the Racketeer Influenced and Corrupt Organizations Act (“RICO”) and principles of common law, alleges that the defendants engaged in schemes in which fraudulent and misleading bills were submitted to Allstate for durable medical equipment, medical supplies and orthotic devices. The complaint specifically cites 49 durable medical retail equipment companies and 41 individuals who allegedly owned one or more of these retail companies and 16 durable medical wholesale companies and 5 individuals who allegedly owned one or more of the wholesale companies. Since 2003, Allstate has filed 40 fraud lawsuits in New York State seeking more than $217 million in damages

Insurance Commissioner Dave Jones Announces Good News for California Drivers

SACRAMENTO, Calif., May 16, 2012 /PRNewswire/ — Insurance Commissioner Dave Jones today announced important changes to the California Low Cost Automobile Insurance Program. Beginning May 15, the cost of an annual premium for the program has decreased up to nine percent across California’s 58 counties and the income eligibility caps for qualifying for the program have increased, allowing more of California’s uninsured drivers to qualify for state-sponsored Low Cost Automobile Insurance.

Jeanette Pavini's Buyer Beware: The insurance policies you don’t need

By Jeanette Pavini SAN FRANCISCO (MarketWatch) — We buy insurance to protect ourselves from liabilities or loss that would be far too expensive to cover on our own. But some policies really don’t offer protection and only add frustration. Which policies are worth paying a premium for

CNA Chosen as Exclusive, Endorsed Insurance Carrier for California Bankers Association

CHICAGO–(BUSINESS WIRE)– CNA recently announced that, effective May 2, it has chosen as the exclusive, endorsed insurance carrier by the California Bankers Association (CBA), one of the nation’s largest state banking trade associations. CNA was chosen because of its history of insuring banks and its demonstrated expertise in providing specialized products, risk management education and service offerings tailored specifically for financial institutions. “CNA is proud to be named the endorsed insurance carrier for the California Bankers Association,” said Mark Tomlinson, assistant vice president – Underwriting, CNA

Health insurance expansion looming, primary care turf battle heats up

President Obama’s health care law is expected to expand health insurance to 32 million Americans over the next decade. Health policy experts anticipate that the wave of new insurance subscribers will lead to a spike in demand for medical services. (Melissa Cannarozzi – The Washington Post) That has a battle heating up over who will provide that care.

Republican state officials stall on setting up health insurance marketplaces

In about two dozen states across the country, the insurance marketplaces at the heart of the 2010 health-care law remain in limbo, with Republican governors or lawmakers who oppose the statute refusing to act until the Supreme Court decides its constitutionality. New Jersey’s Republican governor, Chris Christie, joined the ranks Thursday, vetoing a bill from the majority Democratic legislature that would have set up the Garden State’s version of the “exchanges,” through which individuals and small businesses could shop for insurance

Senator Jerry Behn Bids Farewell to Legislative Session – Patch.com

Submitted by Senate Republican Leader Jerry Behn Thank you Mr. President. Colleagues, friends, family and all Iowans: On the first day of this session, now many weeks ago, I started my opening day speech with a famous Winston Churchill quote that goes as follows, “Courage is the first of human qualities because it is the quality that guarantees all the others.” I asked all of us to have the courage to put aside our differences and work in a spirit of true bi-partisanship on the enormous challenges that face our great state. I asked us to provide the measurable results that the hardworking Iowa taxpayers deserve.