Insurance news

• Safety net clinics available for those in insurance coverage gap - Ocala

  17-12-2014 23:36 via ocala.com
  
  Safety net clinics available for those in insurance coverage gap
  Ocala
  The directory lists doctor's officers and organizations in a 16 Florida counties, including Alachua and Marion, that provide medical, dental and mental health care and other services for free or on a sliding fee scale to people without insurance.
  
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• Arthur J. Gallagher Acquires Independent Benefit Services in Maryland

  17-12-2014 23:17
  
  Arthur J. Gallagher & Co. today announced the acquisition of Independent Benefit Services Inc. (iBEN) located in Rockville, Maryland. Terms of the transaction were not disclosed. Founded in 1989, iBEN provides employee benefits, human resources and retirement plan consultation and …
  The article Arthur J. Gallagher Acquires Independent Benefit Services in Maryland appeared first on Insurance Journal.
  
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• Guest column: Health insurance premiums poised to spike in 2017 - The Advocate

  17-12-2014 23:10 via theadvocate.com
  MiamiHerald.com
  Guest column: Health insurance premiums poised to spike in 2017
  The Advocate
  The law contains two programs that will expire at the beginning of that year: “Risk corridors” and “re-insurance.” Both programs conceal health insurance's true costs — costs that truly have skyrocketed thanks to the ACA's mandates and regulations.
  Can My Husband Buy His Own Plan on the Health Insurance Marketplace?Forbes
  Health insurance kvetch-fest coming to NYCCrain's New York Busin
  
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• Mass. Vehicle Thefts Down 90% From Peak in 1975, Report Shows

  17-12-2014 21:14
  
  From its peak auto theft year in 1975 when 91,563 vehicles were stolen, Massachusetts has experienced a significant decline ending 2013 with 9,122 thefts. That’s a reduction of 90 percent since 1975, according to the National Insurance Crime Bureau (NICB). …
  The article Mass. Vehicle Thefts Down 90% From Peak in 1975, Report Shows appeared first on Insurance Journal.
  
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• New England pharmacists face murder charges over meningitis outbreak

  17-12-2014 20:55
  The head and supervisory pharmacists at New England Compounding Center Inc.
  
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• Falling oil prices, political unrest top 2015’s international risks: Marsh

  17-12-2014 20:40
  Falling oil prices, political violence and separatist movements will influence the global risk landscape in 2015, broker Marsh L.L.C. said in a report released on Wednesday.
  
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• N.Y. extends fracking ban after health report

  17-12-2014 20:37
  (Reuters) — New York Environmental Commissioner Joseph Martens said Wednesday he will issue an order early next year banning fracking in New York “at this time,” extending an already six-year halt to fracking in the state.
  
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• Shock, dismay and disappointment: P&C insurance industry's reaction to TRIA news

  17-12-2014 20:05
  The U.S. Senate adjourned for the year on Dec. 15 without passing the Terrorism Risk Insurance Program Reauthorization Act.
  
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• OFF BEAT: Heavy machinery mishap can’t stop love

  17-12-2014 19:59
  While some people fall head over heels in love, a man in Amsterdam toppled over in a construction crane while attempting an extreme wedding proposal.
  
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• E.U. urged to use automation to protect underground Internet systems

  17-12-2014 19:50
  European Union member states should consider the benefits of automated information systems to prevent damage to their underground Internet infrastructures, the European Union Agency for Network and Information Security said in a report.
  
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• U.S. fears Sony hackers may never be caught: law enforcement official

  17-12-2014 19:40
  (Reuters) — Government investigators fear the hackers behind the unprecedented attack on Sony's Hollywood studio may never be caught if they are under the protection of North Korea, a U.S. official said on Wednesday.
  
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• Louisiana to cut workers compensation insurance rates by 2.4%

  17-12-2014 19:15
  Louisiana businesses will see a 2.4% cut in workers compensation insurance rates as of May 1, 2015, according to the state’s insurance department.
  
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• Backlash expected from Senate's inaction on terrorism insurance backstop

  17-12-2014 19:10
  The failure of the Senate to vote on legislation extending the federal terrorism insurance program, will likely reverberate quickly through the insurance industry and the entire U.S economy, according to observers.
  
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• National insurance registry falls short of goal line, tax extenders passes - InvestmentNews

  17-12-2014 19:03 via investmentnews.com
  
  National insurance registry falls short of goal line, tax extenders passes
  InvestmentNews
  Mr. Coburn opposed the National Association of Registered Agents and Brokers, a clearinghouse for insurance professionals who want to register in a state outside their home state. His stated rationale for opposing NARAB was that it didn't allow states ...
  
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• N.J. Assembly Delays Vote on ‘Electronic’ Auto Insurance Bill

  17-12-2014 18:58
  
  The New Jersey Assembly has delayed a vote on a measure that would allow drivers in New Jersey to use smart phones, computers or tablets to prove they carry auto insurance during traffic stops. The bill was due to be …
  The article N.J. Assembly Delays Vote on ‘Electronic’ Auto Insurance Bill appeared first on Insurance Journal.
  
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• NICB: Vehicle Thefts in New York Down 92% From Peak in 1990

  17-12-2014 18:53
  
  From its peak auto theft year in 1990 when 187,591 vehicles were stolen, New York has experienced a significant decline ending 2013 with 15,482 thefts. That’s a reduction of 92 percent since 1990, according to the National Insurance Crime Bureau …
  The article NICB: Vehicle Thefts in New York Down 92% From Peak in 1990 appeared first on Insurance Journal.
  
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• Fire Damage at North Dakota Grain Elevator Likely to Surpass $1M

  17-12-2014 18:20
  
  The Farmers Elevator in Colfax, N.D., is working to resume grain-handling operations while crews clean up after a fire that caused heavy damage and investigators work to determine the cause of the blaze. Estimates are still being compiled, but damage …
  The article Fire Damage at North Dakota Grain Elevator Likely to Surpass $1M appeared first on Insurance Journal.
  
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• Technology Tops List of Texas-Based Group’s Fraud Predictions for 2015

  17-12-2014 18:17
  
  Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Austin, Texas-based Association of Certified Fraud Examiners (ACFE) who were asked for their top fraud …
  The article Technology Tops List of Texas-Based Group’s Fraud Predictions for 2015 appeared first on Insurance Journal.
  
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• Technology Dominates Texas-Based Group’s Fraud Predictions for 2015

  17-12-2014 18:17
  
  Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Austin, Texas-based Association of Certified Fraud Examiners (ACFE) who were asked for their top fraud …
  The article Technology Dominates Texas-Based Group’s Fraud Predictions for 2015 appeared first on Insurance Journal.
  
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• Washington Artist’s ‘Angry Birds’ Lawsuit Goes Forward

  17-12-2014 18:10
  
  A federal judge has refused to dismiss a lawsuit brought by a Seattle, Wash. artist who designed a line of plush pet toys called “Angry Birds.” Juli Adams designed the plush “Angry Birds” toys in 2006 for The Hartz Mountain …
  The article Washington Artist’s ‘Angry Birds’ Lawsuit Goes Forward appeared first on Insurance Journal.
  
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• Lava on Track To Hit Gas Station, Stores in Hawaii

  17-12-2014 18:08
  
  Lava from a volcano on Hawaii’s Big Island is on course to reach a shopping center with a gas station and a supermarket in seven to 10 days, officials said. Lava is about 1 mile from the shopping center in …
  The article Lava on Track To Hit Gas Station, Stores in Hawaii appeared first on Insurance Journal.
  
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• State Designing Bypass Around Louisiana’s Bayou Corne Sinkhole

  17-12-2014 18:04
  
  State highway designers have settled on a preferred route for an emergency detour of Louisiana Highway 70 around the Bayou Corne-area sinkhole in Assumption Parish and will seek the public’s input on the proposal this evening. A new state analysis …
  The article State Designing Bypass Around Louisiana’s Bayou Corne Sinkhole appeared first on Insurance Journal.
  
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• Colburn Named President of Senior Care Division at MedPro Group

  17-12-2014 18:00
  
  Berkshire Hathaway’s healthcare liability insurance unit, MedPro Group, has appointed Charles “Chuck” Colburn as president of its newly-formed senior care division. He is based in Chicago. Before assuming his new leadership role at MedPro, Colburn led the aging services department …
  The article Colburn Named President of Senior Care Division at MedPro Group appeared first on Insurance Journal.
  
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• Why do clients leave their brokers?

  17-12-2014 18:00
  PwC report provides insight into the evolving risk environment and the relationship between clients and brokers
  
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• Ohio Vehicle Thefts Down 64% from Peak in 1991

  17-12-2014 17:51
  
  From its peak auto theft year in 1991 when 54,744 vehicles were stolen, Ohio has experienced a significant decline ending 2013 with 19,532 thefts. That’s a reduction of 64 percent since 1991, according to the National Insurance Crime Bureau (NICB). Thefts in Ohio began …
  The article Ohio Vehicle Thefts Down 64% from Peak in 1991 appeared first on Insurance Journal.
  
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• IICF Midwest Awards $545K in Grants to Local Non-Profits

  17-12-2014 17:47
  
  The Insurance Industry Charitable Foundation’s (IICF) Midwest Division announced it is awarding $545,000 in community grants to local non-profit organizations in Illinois, Michigan, Nebraska, Ohio and Wisconsin for 2015. Grants range in contribution from $10,000 to $50,000 and support 29 …
  The article IICF Midwest Awards $545K in Grants to Local Non-Profits appeared first on Insurance Journal.
  
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• Los Angeles Police and NICB Warn of Bandit Tow Truck Scams

  17-12-2014 17:47
  
  The Los Angeles Police Department and the National Insurance Crime Bureau are warning motorists of a growing problem with unauthorized tow truck operators in the L.A. area. These “bandit” tow truck operators monitor police radios and respond to accidents seeking …
  The article Los Angeles Police and NICB Warn of Bandit Tow Truck Scams appeared first on Insurance Journal.
  
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• NCR signs $160 million pension buyout deal

  17-12-2014 17:43
  NCR Corp. on Wednesday said it is buying a group annuity to provide pension benefits to about 4,500 retirees and their beneficiaries.
  
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• Integro Acquires UK’s Howard Global Insurance Services

  17-12-2014 17:17
  
  International insurance broker and risk management firm Integro announced its acquisition of Howard Global Insurance Services Ltd., a Lloyd’s-registered specialty broker headquartered in London. Financial details of the transaction have not been disclosed. Howard Global was established in 2000, and …
  The article Integro Acquires UK’s Howard Global Insurance Services appeared first on Insurance Journal.
  
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• How the NLRB may expand responsibility for labor violations

  17-12-2014 16:46
  (Reuters) — The National Labor Relations Board is expected to rule soon on if, and how, companies can be held responsible for labor violations carried out by their contractors or franchisees — a move that could have far-reaching implications...
  
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• Applied Epic 2014 software to manage both P&C, benefits

  17-12-2014 16:29
  Applied System eliminates need for multiple systems, enables cross-sell opportunities
  
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• Allstate Realigns Customer Units; Promotes Winter, Other Executives

  17-12-2014 16:23
  
  The Allstate Corp. announced organizational and leadership changes in its personal lines management, agency distribution, multiple-customer operations and technology that CEO Thomas J. Wilson says prepare the company to serve the next generation. “These changes will help us build the …
  The article Allstate Realigns Customer Units; Promotes Winter, Other Executives appeared first on Insurance Journal.
  
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• Obama signs multiemployer pension measure into law

  17-12-2014 16:13
  President Barack Obama on Tuesday signed into law legislation that will allow trustees of financially distressed multiemployer pension plans to cut participants' benefits to prevent the plans from becoming insolvent.
  
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• Catlin Says XL Group Made $3.9 Billion Takeover Bid; Talks Are Ongoing

  17-12-2014 16:12
  
  Catlin Group Ltd. said it received a takeover approach from Ireland’s XL Group plc valued at about 2.5 billion pounds ($3.9 billion). The shares surged the most on record. Under the terms, XL would buy Catlin for 410 pence in …
  The article Catlin Says XL Group Made $3.9 Billion Takeover Bid; Talks Are Ongoing appeared first on Insurance Journal.
  
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• The ugliest new and redesigned cars of 2014

  17-12-2014 16:05
  Sorry Chevrolet, buyers just aren't digging the new Spark EV.
  
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• Terrorism Insurance Set to End After Senator's Objections - Bloomberg

  17-12-2014 15:53 via bloomberg.com
  
  Bloomberg
  Terrorism Insurance Set to End After Senator's Objections
  Bloomberg
  Senator Charles Schumer, a New York Democrat, said he warned House Majority Leader John Boehner weeks ago that the modifications “risked killing terrorism insurance.” He urged lawmakers to pass an extension quickly, because “billions of dollars of ...
  One Senator's Objection Doomed Guaranteed Terrorism Insurance BillNew York Times
  Terrorism insurance program set to expire after bill blocked in Senat
  
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• U.S. terrorism insurance set to end after senator’s objections

  17-12-2014 15:53
  A U.S. program that backstops insurance companies’ losses from acts of terrorism is set to end after the Senate didn’t extend it.
  
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• Terrorism Risk Insurance Act (TRIA) set to expire after senate's failure to renew

  17-12-2014 15:53
  A U.S. program that backstops insurance companies’ losses from acts of terrorism is set to end after the Senate failed to extend it.
  
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• Around the Industry: December 17, 2014

  17-12-2014 15:47
  News from Spencer Re, Brownyard Group, EvoSure, ISO and more
  
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• Integro acquires bloodstock broker Howard Global Insurance Services

  17-12-2014 15:32
  New York-based Integro Ltd. has acquired London-based Howard Global Insurance Services Ltd., a Lloyd's of London broker that specializes in bloodstock, Integro announced Wednesday.
  
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• Third Worker This Year Dies at Kentucky Patriot Mine

  17-12-2014 15:29
  
  A worker was killed Tuesday in a Kentucky mine owned by Patriot Coal Co., the company’s third such fatality this year. Eli Eldridge, 34, of Sturgis, Kentucky died after he was struck by a vehicle shuttling coal to the feeder …
  The article Third Worker This Year Dies at Kentucky Patriot Mine appeared first on Insurance Journal.
  
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• New Report About How Insurance Companies Determine Rates - KKTV 11 News

  17-12-2014 15:27 via kktv.com
  KKTV 11 News
  New Report About How Insurance Companies Determine Rates
  KKTV 11 News
  However, he says there are some companies that look at the history of the house to figure out how much to charge for home insurance. In some cases, if the house has a lot of previous claims, the company might decide it's not worth of risk of trying to ...
  
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• The ins and outs of identifying contraband

  17-12-2014 15:25
  Contraband may not be a covered loss.
  
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• Disasters caused $34B in insured losses worldwide in 2014: Swiss Re

  17-12-2014 15:19
  Insured losses from natural catastrophes and man-made disasters totaled $34 billion in 2014, down 24% from $45 billion in 2013, according to preliminary estimates released Wednesday by Swiss Re Ltd.
  
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• TRIA dead for 2014 as Senate fails to reauthorize

  17-12-2014 15:18
  
  The federal terrorism insurance backstop will expire on Dec. 31 after the Senate failed to reauthorize it Tuesday.
  
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• Top 10 Casualty Insurance Trends for 2015: Marsh - Insurance Journal

  17-12-2014 15:13 via insurancejournal.com
  
  Top 10 Casualty Insurance Trends for 2015: Marsh
  Insurance Journal
  While casualty insurance rates remain stable overall and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh's U.S. Casualty Practice. The following report outlines 10 key trends ...
  
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• Top 10 Casualty Insurance Trends for 2015: Marsh

  17-12-2014 15:09
  
  While casualty insurance rates remain stable overall and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. The following report outlines 10 key trends that Marsh …
  The article Top 10 Casualty Insurance Trends for 2015: Marsh appeared first on Insurance Journal.
  
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• U.S. Safety Agency Readies for Legal Battle with Takata

  17-12-2014 15:07
  
  U.S. regulators investigating failures of Takata Corp. air bags are preparing for a legal fight in case the Japanese parts maker doesn’t comply with a request to expand a recall. The National Highway Traffic Safety Administration is working as quickly …
  The article U.S. Safety Agency Readies for Legal Battle with Takata appeared first on Insurance Journal.
  
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• Senate Confirms Rosekind As U.S. Highway Safety Chief

  17-12-2014 15:03
  
  The Senate confirmed Mark Rosekind to lead the U.S. National Highway Traffic Safety Administration, which has come under criticism this year for not responding more quickly to evidence of potentially deadly vehicle defects. Rosekind, an expert on human fatigue, has …
  The article Senate Confirms Rosekind As U.S. Highway Safety Chief appeared first on Insurance Journal.
  
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• XL proposes $3.9 billion takeover of Catlin

  17-12-2014 14:59
  
  XL Group P.L.C. has approached rival insurer and reinsurer Catlin Group Ltd. with a proposed takeover offer of about £2.5 billion ($3.93 billion).
  
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