Insurance news

• New legislation could forgive $23B in flood insurance debt - HousingWire

  08-09-2016 23:40 via housingwire.com
  
  HousingWire
  New legislation could forgive $23B in flood insurance debt
  HousingWire
  Congresswoman Maxine Waters (D-Calif.), ranking member of the committee on financial services, just introduced bill H.R. 5953 that would forgive $23 billion in debt for the National Flood Insurance Program. The bill would place the NFIP program on a ...
  How to Assess Private Flood InsuranceNew York Times
  Louisiana Commissioner Urges Flood Insurance Proof of Loss ...Insurance Journalall 9 news articles »
  
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• ‘Game Changing’ Climate Disclosure Guidelines Coming Soon

  08-09-2016 22:55
  
  A global task force’s efforts to create new disclosure guidelines for the world’s financial industry – including insurers in the U.S. and abroad – are far from the first attempt to urge companies to be upfront with the public about …
  
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• Office of Insurance Regulation email scam circulating - WCTV - WCTV

  08-09-2016 22:37 via wctv.tv
  
  WCTV
  Office of Insurance Regulation email scam circulating - WCTV
  WCTV
  The Office of Insurance Regulation (OIR) and the Department of Financial Services (DFS) are warning Floridians about an email scam.
  Florida Warns of Insurance Email Scam Targeting ConsumersInsurance Journalall 3 news articles »
  
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• Office of Insurance Regulation email scam circulating - WCTV

  08-09-2016 22:37 via wctv.tv
  
  WCTV
  Office of Insurance Regulation email scam circulating
  WCTV
  TALLAHASSEE, Fla. (WCTV) -- The Office of Insurance Regulation (OIR) and the Department of Financial Services (DFS) are warning Floridians about an email scam. Officials say a fraudulent email is circulating that claims to be sent from OIR Commissioner ...
  Florida Warns of Insurance Email Scam Targeting ConsumersInsurance Journalall 3 news articles »
  
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• Hanover Insurance Group Becomes Oversold - Forbes - Forbes

  08-09-2016 22:09 via forbes.com
  
  Hanover Insurance Group Becomes Oversold - Forbes
  Forbes
  The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to ...and more »
  
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• Many seniors miss out on longevity insurance - Futurity: Research News

  08-09-2016 21:30 via futurity.org
  
  LifeHealthPro
  Many seniors miss out on longevity insurance
  Futurity: Research News
  As life expectancy for American seniors continues to rise, many aging adults face the problem of outliving their retirement savings. Annuities can help, but despite their benefits, few older adults buy them. Recently, the federal government has begun ...
  Insurance commissioner announces release of consumer guide on annuitiesCentre Daily Timesall 6 news articles »
  
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• Many seniors miss out on longevity insurance - Futurity - Futurity: Research News

  08-09-2016 21:30 via futurity.org
  
  LifeHealthPro
  Many seniors miss out on longevity insurance - Futurity
  Futurity: Research News
  "Longevity insurance is designed to insure that older adults never run out of money," says Michael Guillemette. So why don't more seniors have it?
  PA Insurance Commissioner announces consumer guide on ...Centre Daily Timesall 6 news articles »
  
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• CPS committee recommends increased health insurance premiums for spouses, children - Columbia Daily Tribune

  08-09-2016 21:06 via columbiatribune.com
  
  CPS committee recommends increased health insurance premiums for spouses, children
  Columbia Daily Tribune
  Columbia Public Schools employees will pay more to have spouses and children on their health insurance plans if the school board approves an administration proposal. Because the recommendation will change the structure of the plan, Columbia Public ...
  
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• ACA Round-Up: Insurance Market Concentration, Statutory Reach, And Coverage Gains - Health Affairs (blog)

  08-09-2016 21:03 via healthaffairs.org
  
  Fox News
  ACA Round-Up: Insurance Market Concentration, Statutory Reach, And Coverage Gains
  Health Affairs (blog)
  On September 6, the Government Accountability Office (GAO) released a report entitled, “In Most States and New Exchanges, Enrollees Continued to be Concentrated among Few Issuers in 2014.” The report reviews concentration of insurers in the individual, ...
  How insurance companies are getting in the way of patient careFox News
  Model health care on insurance for autosK
  
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• Reinsurer Greenlight Re enters deal to expand in Asia and Europe

  08-09-2016 20:36
  
  Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting.
  
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• Reinsurer Greelight Re enters deal to expand in Asia and Europe

  08-09-2016 20:36
  
  Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting.
  
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• Why Your Insurance Company Can Deny Your Claim and Get Away With It - RoadandTrack.com

  08-09-2016 20:13 via roadandtrack.com
  
  RoadandTrack.com
  Why Your Insurance Company Can Deny Your Claim and Get Away With It
  RoadandTrack.com
  Outside of the fact that most states require drivers to have it, the reason you get insurance is so you're not stuck with a big bill in the event that something bad happens to your car. You pay your premium every month, and if you're involved in a ...
  
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• Lloyd’s wins right to fight in New York over Oklahoma quake coverage

  08-09-2016 19:45
  
  A federal judge in New York agreed Wednesday to decide the lawsuit by Lloyd’s seeking to be released from liability for earthquake damage in Oklahoma blamed on fracking.
  
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• Alliant Acquires Farmin, Rothrock & Parrott in Washington

  08-09-2016 19:27
  
  Alliant Insurance Services Inc. has acquired Spokane, Wash.-based Farmin, Rothrock & Parrott. Terms of the deal were not disclosed. This marks Alliant’s fifth acquisition in the Northwest since 2014. John Richardson, president of FRP, along with the management team and staff, …
  
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• Allianz Expands Global Environmental Impairment Liability Team

  08-09-2016 19:15
  
  Allianz Global Corporate & Specialty (AGCS) is expanding its global Environmental Impairment Liability (EIL) team with new senior hires in the North American and Mediterranean regions. “Environmental claims pose an immense financial and reputational risk for companies today and we …
  
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• ISN Publishes Its First Insurance Benchmarking Report - PR Newswire (press release)

  08-09-2016 19:09 via prnewswire.com
  
  PR Newswire (press release)
  ISN Publishes Its First Insurance Benchmarking Report
  PR Newswire (press release)
  DALLAS, Sept. 8, 2016 /PRNewswire/ -- ISN, the global leader in contractor and supplier information management, is pleased to announce the release of its first insurance benchmarking publication, Insurance Requirements for Contractors: Hiring Client ...
  
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• 10 things your homeowners insurance might not cover - MarketWatch - MarketWatch

  08-09-2016 19:09 via marketwatch.com
  
  MarketWatch
  10 things your homeowners insurance might not cover - MarketWatch
  MarketWatch
  You may be surprised at what you're on the hook for.and more »
  
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• 10 things your homeowners insurance might not cover - MarketWatch

  08-09-2016 19:09 via marketwatch.com
  
  MarketWatch
  10 things your homeowners insurance might not cover
  MarketWatch
  If you own a home, you most likely have homeowners insurance (it's typically required to secure a mortgage). You know your insurance policy covers your home and the possessions inside it in the event of a fire or theft, but you may not realize there ...and more »
  
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• Ocwen Fails Settlement Test Over Force-Placed Insurance - National Mortgage News

  08-09-2016 18:52 via nationalmortgagenews.com
  
  Ocwen Fails Settlement Test Over Force-Placed Insurance
  National Mortgage News
  Ocwen Financial Corp. failed two compliance tests related to force-placed insurance during the fourth quarter of 2015, according to a report from Joseph A. Smith Jr., monitor of the National Mortgage Settlement. The West Palm Beach, Fla.-based servicer ...and more »
  
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• Catastrophe-bond offerings fall as performance shines, Aon says

  08-09-2016 18:52
  
  Catastrophe-bond issuance slipped to its lowest level since 2011 over the past year as the securities outperformed the S&P 500 Index, according to insurance broker Aon.
  
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• Disruption in the insurance industry: Displacement or innovation? - PropertyCasualty360

  08-09-2016 18:41 via propertycasualty360.com
  
  PropertyCasualty360
  Disruption in the insurance industry: Displacement or innovation?
  PropertyCasualty360
  Panelists at this year's Entrepreneurial Insurance Symposium give a glimpse of how technology will change the insurance industry. (Photo: Roslie Donlon). According to James Keating, founder, CEO and chairman of Phoenix-based TKG Wholesale ...
  
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• Michigan to Conduct Surprise Inspections of Demolition Sites

  08-09-2016 18:35
  
  Michigan’s workplace safety agency plans to step up unannounced inspections of demolition sites around the state to ensure workers are properly protected against hazards such as exposure to asbestos. The Detroit Free Press reports the Michigan Occupational Health and Safety …
  
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• Disruption in the insurance industry: Displacement or innovation?

  08-09-2016 18:35
  
  Panelists at this year's Entrepreneurial Insurance Symposium give a glimpse of how technology will change the insurance industry.
  
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• Davis Insurance Agency Merges with Fort Worth-Based Higginbotham - Insurance Journal

  08-09-2016 18:27 via insurancejournal.com
  
  Davis Insurance Agency Merges with Fort Worth-Based Higginbotham
  Insurance Journal
  Davis Insurance is an independent broker with a workforce of 26 in its Lufkin home office and Amarillo branch. The union adds East Texas and Panhandle offices to Higginbotham and grows it to 800 professionals and 26 locations statewide. This is the ...and more »
  
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• Davis Insurance Agency Merges with Fort Worth-Based Higginbotham

  08-09-2016 18:27
  
  Fort Worth, Texas-based Higginbotham and Davis Insurance Agency, headquartered in Lufkin, have merged. Davis Insurance is an independent broker with a workforce of 26 in its Lufkin home office and Amarillo branch. The union adds East Texas and Panhandle offices to Higginbotham and grows it to 800 …
  
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• Louisiana Commissioner Urges Flood Insurance Proof of Loss Extension

  08-09-2016 18:19
  
  As a result of the record-breaking flooding in his state in August, Louisiana Insurance Commissioner Jim Donelon is asking the Federal Emergency Management Agency (FEMA) to extend the filing deadline for Louisiana policyholders impacted by  the flooding. FEMA’s National Flood …
  
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• Lawyers Say St. Jude’s Lawsuit Against Short-Seller Faces Steep Climb

  08-09-2016 18:07
  
  St. Jude Medical will face an uphill battle in its corporate defamation lawsuit over a short-seller’s report that said the medical device company’s heart implants were vulnerable to cyber attacks, lawyers familiar with such cases said. The Minnesota-based company has …
  
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• Insurance deductible raised over Lake Elmo council's conflicts - Minnesota Public Radio News

  08-09-2016 18:03 via mprnews.org
  
  Stillwater Gazette
  Insurance deductible raised over Lake Elmo council's conflicts
  Minnesota Public Radio News
  Insurers say they've significantly raised the deductible on insuring Lake Elmo because the city is being managed in a way that creates too much of a risk of lawsuits. The Insurance Trust Board of the League of Minnesota Cities has raised the deductible ...
  Lake Elmo insurance deductible rockets to $200000Stillwater Gazetteall 2 news articles »
  
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• Oklahoma Quake Upgraded to 5.8 Mag, More Waste Wells Shut Down

  08-09-2016 17:55
  
  Oklahoma drillers are being ordered to shut more fracking wastewater wells just as the U.S. Geological Survey is upgrading last weekend’s earthquake to a record magnitude. The Environmental Protection Agency said it has ordered the closure of 17 additional disposal …
  
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• Why insurance denies your claim, but pays your neighbor's - CBS News

  08-09-2016 17:53 via cbsnews.com
  
  Why insurance denies your claim, but pays your neighbor's
  CBS News
  Tracey Stahl lost part of a leg to bone cancer last fall, and she has to wince through bouts of crippling pain from an ill-fitting artificial limb because of a strange health insurance limit: Her plan covers just one limb per lifetime. She now has to ...and more »
  
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• Viewpoint: How Trade Agreements Could Help P/C Insurers in Global Market

  08-09-2016 17:38
  
  The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected global economy resulting in measurable …
  
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• Trade Agreements Could Help Overcome Barriers for P/C Insurers in Global Market

  08-09-2016 17:38
  
  The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected global economy resulting in measurable …
  
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• Munich Re Partners With Trov To Bring On-Demand Insurance To ... - Forbes

  08-09-2016 17:20 via forbes.com
  
  Forbes
  Munich Re Partners With Trov To Bring On-Demand Insurance To ...
  Forbes
  Munich Re has won the bid to underwrite the on-demand insurance platform called Trov in the U.S. The tech company's application will begin rolling out across ...
  Munich Re to Underwrite Trov's World Leading On-Demand ...PR Newswire (press release)all 4 news articles »
  
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• Hacker Used Employee Credentials to Breach University of Alaska Data

  08-09-2016 16:47
  
  University of Alaska officials say someone used an employee’s credentials to hack into a network drive that contained private information like Social Security numbers of more than 5,400 students at the Mat-Su campus. Officials said in a release that there …
  
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• AIA Backs California Bill Changing Workers’ Comp Filing Requirements

  08-09-2016 16:33
  
  The American Insurance Association is asking California Gov. Jerry Brown to sign into law a bill that would exempt large employers from waiting for insurance commissioner approval of ancillary agreements that are part of high-deductible workers’ compensation policies. Assembly Bill …
  
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• Top 10 Reasons Why Your Business Needs Insurance - Small Business Trends

  08-09-2016 16:31 via smallbiztrends.com
  
  Small Business Trends
  Top 10 Reasons Why Your Business Needs Insurance
  Small Business Trends
  Running a business comes with inherent risks: An employee could get injured on the job; a natural disaster could destroy property; or a client could file suit, alleging a contractual breach. For those and other reasons, it is important to protect your ...
  
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• Current State of P/C Insurance Agency Mergers and Valuations - Insurance Journal

  08-09-2016 16:21 via insurancejournal.com
  
  Insurance Journal
  Current State of P/C Insurance Agency Mergers and Valuations
  Insurance Journal
  The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as second-most-active six-month period since 2008. According to a new report on agency merger acivity by Chicago-based investment banking and consulting firm ...
  Insurance agency mergers continue at high rateEmployee Benefit Adviser (registration)all 3 news articles »
  
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• Current State of P/C Insurance Agency Mergers and Valuations

  08-09-2016 16:10
  
  The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as second-most-active six-month period since 2008. According to a new report on agency merger acivity by Chicago-based investment banking and consulting firm OPTIS Partners, which …
  
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• Insurer Appeals Order to Pay Connecticut Diocese $945K for Abuse Settlements

  08-09-2016 15:23
  
  An insurance company has appealed an order by a federal judge in Connecticut to reimburse the Roman Catholic Archdiocese of Hartford $945,000 for payments church officials made to settle sexual misconduct cases involving priests. Judge Janet Bond Arterton in New …
  
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• Everest Insurance Adds Murray to New York City Office

  08-09-2016 15:16
  
  Everest Insurance, a subsidiary of Bermuda based Everest Re Group Ltd., has hired Matt Murray as regional leader of marketing and distribution for the East region. In his new role, he will be based in the firm’s New York City office. …
  
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• New York Headquartered QBE North America Promotes Fanti

  08-09-2016 14:51
  
  QBE North America, a New York headquartered operating division of QBE Insurance Group, has promoted Jonathon Fanti to senior vice president and underwriting leader in the firm’s public company management liability division. In this role, he will report to John …
  
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• How much did that lead cost you?

  08-09-2016 13:00
  
  It's essential to invest time analyzing which lead generation initiatives work well to avoid becoming overwhelmed.
  
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• Adjuster tools for water losses

  08-09-2016 13:00
  
  The insurance policy is an adjuster's best "tool."
  
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• 6 trends that will change insurance claims

  08-09-2016 13:00
  
  Insurers' claims departments will end up with fewer employees as new tools and technology will handle most of the reporting, inspecting and adjusting.
  
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• 6 disrupters impacting insurance claims

  08-09-2016 13:00
  
  The future will look very different in the claims space.
  
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• Court Rules Massachusetts Law Applies in Rhode Island Contamination Suit

  08-09-2016 12:30
  
  The Massachusetts Appeals Court has ruled that Massachusetts law should apply in deciding whether Narragansett Electric Co. (NEC), a Rhode Island-based utilities provider, is entitled to insurance coverage for environmental contamination at several of its sites. The August 31 decision reverses …
  
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• How insurance companies are getting in the way of patient care - Fox News

  08-09-2016 12:05 via foxnews.com
  
  Fox News
  How insurance companies are getting in the way of patient care
  Fox News
  There's a war raging in doctor's offices— and in each case the winner's decision can have a significant impact on the patient's outcome. Increasingly insurance companies are overruling physicians' recommended treatment plans in the name of cutting costs.
  ACA Round-Up: Insurance Market Concentration, Statutory Reach, And Coverage GainsHealth Affairs (blog)
  Model health care on insurance for autosKnoxville News
  
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• Insurance industry impact from Hurricane Hermine is 'modest' - Tampabay.com

  08-09-2016 12:00 via tampabay.com
  
  Tampabay.com
  Insurance industry impact from Hurricane Hermine is 'modest'
  Tampabay.com
  STEINHATCHEE, Fl. --Lynne Garrett speaks to loved ones on the phone as she surveys damage outside her home after Hurricane Hermine made landfall last week. [Getty Images]. Hurricane Hermine, the first hurricane to strike Florida in 11 years, will only ...
  Here's what you need to keep in mind as you file insurance claimsTallahassee.comall 19 news articles »
  
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• Australia Airlines Ban Use of Samsung Galaxy Note 7 Phones After Battery Fires

  08-09-2016 11:14
  
  Three Australian airlines have banned passengers from using or charging Samsung Electronics’ Galaxy Note 7 smartphones during flights due to concerns over the phone’s fire-prone batteries. Qantas, its budget unit Jetstar and Virgin Australia said they had not been directed …
  
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• Sompo Canopius Hires Pearce (Former AIG Exec) as Head of Heavy Industry

  08-09-2016 10:40
  
  Sompo Canopius AG announced the hire of Spencer Pearce as head of heavy industry. Pearce, one of a number of recent senior hires for Sompo Canoipius, joins from AIG. He will report to Mike Southgate, head of Marine, Energy & Engineering, …
  
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