Insurance news

• Fitch: Chilean Insurance Sector: Stable Outlook for 2015 - Reuters

  18-12-2014 23:01 via reuters.com
  BusinessDay
  Fitch: Chilean Insurance Sector: Stable Outlook for 2015
  Reuters
  (The following statement was released by the rating agency) SANTIAGO/NEW YORK, December 18 (Fitch) Fitch Ratings has published its 2015 outlook report for the Chilean insurance industry. The stable sector outlook for the Chilean insurance industry ...
  Fitch: Outlook Stable for Peru's Insurance Sector in 2015Insurance News Net
  
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• "The Interview" may turn into an insurance mess for Sony - CBS News

  18-12-2014 23:01 via cbsnews.com
  
  New York Post
  "The Interview" may turn into an insurance mess for Sony
  CBS News
  Big corporations tend to have insurance to protect them from nearly all imaginable risks. But Sony (SNE) may find it difficult to get its insurers to cover the $100 million or so it's reportedly losing from canceling the release of the film "The ...
  Insurance may not cover Sony's $100 million 'Interview' lossNew York Post
  Breach insurance might not cover losses at Sony PicturesCSO Onli
  
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• Ebola Crisis Underscores Failures of ACA 'Market-Driven' Insurance, the Need ... - Huffington Post

  18-12-2014 22:18 via huffingtonpost.com
  
  The Federalist
  Ebola Crisis Underscores Failures of ACA 'Market-Driven' Insurance, the Need ...
  Huffington Post
  Past president of the American Public Health Association, Dr. Walter Tsou observes, "One out of every seven Americans are uninsured and the Affordable Care Act specifically exempts immigrants from obtaining insurance." Those who cannot access health ...
  Can My Husband Buy His Own Plan on the Health Insurance Marketplace?Forbes
  Guest column: Health insurance prem
  
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• Helping Hands to connect clients with health insurance, affordable housing - Daily Astorian

  18-12-2014 22:17 via dailyastorian.com
  
  Helping Hands to connect clients with health insurance, affordable housing
  Daily Astorian
  Suzanne Evans, Helping Hands' crisis manager, was trained and certified to sign up people for Medicare, Medicaid, the Oregon Health Plan and other state-sponsored health insurance by computer. The state will provide two encrypted computers, one for ...
  
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• Flood insurance consumer advocate to launch next week - Asbury Park Press

  18-12-2014 22:04 via app.com
  
  Valley News Live
  Flood insurance consumer advocate to launch next week
  Asbury Park Press
  Thousands of superstorm Sandy victims didn't know where to turn when they ran into issues with their flood insurance providers. The Federal Emergency Management Agency will announced today that a new, independent consumer advocate will be ...
  Flood insurance countdown for homeowners in floodplainValley News Live
  FEMA creating new flood insurance advocacy office, though Congress hasn't yet ...NO
  
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• Price Optimization Allegations Challenged, NAIC Investigating Practice

  18-12-2014 21:59
  
  Reaction to industry-wide price optimization allegations from a consumer group known to call out the insurance industry has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the practice. Consumer Federation of …
  The article Price Optimization Allegations Challenged, NAIC Investigating Practice appeared first on Insurance Journal.
  
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• Insurance exec, ex-councilman Beach died Tuesday - The Daily News Journal

  18-12-2014 21:57 via dnj.com
  
  The Daily News Journal
  Insurance exec, ex-councilman Beach died Tuesday
  The Daily News Journal
  Beach was the founder of what would become the Miller Loughry Beach insurance agency located on South Church Street. He also served on the council for a single term from 1976 to 1980, said former Murfreesboro City Manager Roger Haley. He was the ...
  Insurance executive, former Councilman Beach dies at age 82Murfreesboro Post
  
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• 14 Charged for Roles in Deadly 2012 Meningitis Outbreak

  18-12-2014 21:38
  
  In the biggest criminal case ever brought in the U.S. over contaminated medicine, 14 owners or employees of a Massachusetts pharmacy were charged Wednesday in connection with a 2012 meningitis outbreak that killed 64 people. The nationwide outbreak was traced …
  The article 14 Charged for Roles in Deadly 2012 Meningitis Outbreak appeared first on Insurance Journal.
  
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• New York Will Move to Prohibit Fracking

  18-12-2014 21:34
  
  New York Gov. Andrew Cuomo’s administration will move to prevent fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique. New York Environmental Commissioner Joe Martens said Wednesday that he was recommending …
  The article New York Will Move to Prohibit Fracking appeared first on Insurance Journal.
  
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• Arthur J. Gallagher Acquires Affinity Marketing Group in Massachusetts

  18-12-2014 21:22
  
  Arthur J. Gallagher & Co. announced the acquisition of Affinity Marketing Group LLC in Natick, Massachusetts. Terms of the transaction were not disclosed. Established in 2001, Affinity Marketing Group (AMG) is a national program broker that provides access to products …
  The article Arthur J. Gallagher Acquires Affinity Marketing Group in Massachusetts appeared first on Insurance Journal.
  
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• ISO policy contract language for terrorism cover triggered

  18-12-2014 21:22
  The sunset of the federal government's terrorism insurance backstop will trigger the activation of Insurance Services Office Inc.'s conditional commercial policy contract language for terrorism cover, ISO said Thursday.
  
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• Ace buying Fireman's Fund high-net-worth business for $365 million

  18-12-2014 21:19
  
  Ace Ltd. on Thursday announced it has signed an agreement to acquire the Fireman's Fund Insurance Co.'s U.S. high-net-worth personal lines insurance business from Munich-based Allianz S.E. for $365 million.
  
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• Rise of the car-sharing apps poses threat to auto sector

  18-12-2014 20:59
  (Reuters) — The humble smartphone could throw a spanner in the works of the car sector's post-crisis turnaround, with the big manufacturers facing a long-term threat from apps that make it easier and cheaper to share or hire vehicles than to buy...
  
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• Aspen Insurance Agency Announces New Hires in N.H.

  18-12-2014 20:56
  
  Aspen Insurance Agency in Manchester, New Hampshire, has hired two additional staff members. Lyndsay Lee has joined the agency as commercial marketing representative. Lee brings seven years of insurance industry experience to Aspen Insurance Agency. Her primary responsibilities include placing …
  The article Aspen Insurance Agency Announces New Hires in N.H. appeared first on Insurance Journal.
  
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• Pair sentenced to life in prison in insurance-related slaying - Columbus Dispatch

  18-12-2014 20:51 via dispatch.com
  
  Pair sentenced to life in prison in insurance-related slaying
  Columbus Dispatch
  Lambert, 29, testified that Williams, her heroin dealer, came up with the idea of killing Payne for his $100,000 life-insurance policy and that she helped carry out the murder. She and another eyewitness told jurors that Williams and Hawkins forced ...
  
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• Citadel discloses stake in D.E. Shaw’s insurer after IPO

  18-12-2014 20:30
  Citadel, the hedge-fund firm led by Ken Griffin, owned 1.47 million shares of the specialty insurer as of Dec. 12, according to a regulatory filing.
  
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• Workers comp-specific Ebola care guidelines take sick worker's perspective

  18-12-2014 20:28
  Managed care services provider Genex Services L.L.C. on Wednesday said it has developed workers compensation-specific clinical guidelines for treating Ebola and the related Marburg virus from an injured worker's perspective.
  
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• Workers comp-specific Ebola care guidelines take sick worker’s perspective

  18-12-2014 20:28
  Managed care services provider Genex Services L.L.C. on Wednesday said it has developed workers compensation-specific clinical guidelines for treating Ebola and the related Marburg virus from an injured worker’s perspective.
  
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• Integro Acquires Ventura Insurance Brokerage in New York

  18-12-2014 20:26
  
  Insurance brokerage and risk management firm Integro announced its acquisition of Ventura Insurance Brokerage in New York City. Financial details of the transaction were not disclosed. Ventura Insurance Brokerage is an entertainment specialist brokerage firm providing insurance services to the …
  The article Integro Acquires Ventura Insurance Brokerage in New York appeared first on Insurance Journal.
  
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• Deere to sell crop insurance business to Farmers Mutual Hail

  18-12-2014 20:11
  Deere & Co. said Thursday it has reached a definitive agreement to sell its crop insurance business to West Des Moines, Iowa-based Farmers Mutual Hail Insurance Co. of Iowa.
  
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• U.S. weighs response to Sony hacking attack blamed on North Korea

  18-12-2014 19:55
  (Reuters) — The United States was considering possible options on Thursday in response to a major cyber attack on Sony Pictures blamed on North Korea, amid calls for tougher sanctions on Pyongyang to cut it off from the global banking system.
  
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• Avon to pay $135M in fines over bribes to Chinese officials

  18-12-2014 19:47
  
  Avon Products Inc. will pay $135 million to settle charges that its China unit concealed more than $8 million in gifts, cash and non-business meals, travel and entertainment it gave to government officials to obtain and retain business benefits.
  
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• Deere to sell crop insurance unit to Farmers Mutual Hail

  18-12-2014 19:28
  Deere & Co., the world’s largest manufacturer or agricultural machinery, agreed to sell its crop insurance segment to Farmers Mutual Hail Insurance Co. of Iowa, retreating from a business that suffered years of losses.
  
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• Sony Pictures holds $60 million Cyber policy with Marsh

  18-12-2014 19:09
  Sony Pictures Entertainment holds $60 million in Cyber insurance with Marsh, according to documents leaked by the group claiming responsibility for the attack on the movie studio.
  
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• GM’s bankrupt predecessor tells carmaker to pay customers

  18-12-2014 19:00
  General Motors Co. customers won a key ally in their quest for $10 billion in compensation: the automaker’s bankrupt predecessor, which said switch defects were illegally hidden from consumers during the company’s 2009 bailout.
  
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• With TRIA Renewal Efforts Killed, Some Predict Market Chaos

  18-12-2014 18:57
  
  Property/casualty insurance industry groups, business associations and observers alike were quick to condemn the death of TRIA renewal for 2014. Without federal terrorism reinsurance in place for 2015, they predicted canceled coverage, market chaos and more unless the measure can …
  The article With TRIA Renewal Efforts Killed, Some Predict Market Chaos appeared first on Insurance Journal.
  
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• South Louisiana Property Owners not Happy with Levee Plan

  18-12-2014 18:46
  
  A levee proposal by the North Lafourche Levee District in Louisiana is receiving flak from landowners who aren’t pleased with updated plans, causing the project to stall. A section of the Lockport to Larose levee project, south of Louisiana Highway …
  The article South Louisiana Property Owners not Happy with Levee Plan appeared first on Insurance Journal.
  
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• Iowa’s Farmers Mutual Hail Insurance to Acquire John Deere Crop Insurance

  18-12-2014 18:43
  
  Farmers Mutual Hail Insurance Co. of Iowa (FMH) announced it is acquiring John Deere Insurance Co. and John Deere Risk Protection Inc. The action is a result of Deere’s previously announced review of strategic options for the crop insurance business. Headquartered in West …
  The article Iowa’s Farmers Mutual Hail Insurance to Acquire John Deere Crop Insurance appeared first on Insurance Journal.
  
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• ACE to buy Fireman’s Fund personal insurance business from Allianz

  18-12-2014 18:38
  The deal, announced Thursday, is valued at $365 million.
  
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• Deere to Sell Crop Insurance Unit to Farmers Mutual Hail - Bloomberg

  18-12-2014 18:33 via bloomberg.com
  Reuters UK
  Deere to Sell Crop Insurance Unit to Farmers Mutual Hail
  Bloomberg
  Deere & Co. (DE), the world's largest manufacturer of agricultural machinery, agreed to sell its crop insurance segment to Farmers Mutual Hail Insurance Co. of Iowa, retreating from a business that suffered years of losses. The sale comprises John ...
  Deere sells crop insurance businessQuad City Times
  Farmers Mutual Hail to acquire John Deere's crop insurance armAgri-Pulse
  Deere to sell crop insurance busi
  
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• Arkansas Governor-Elect Names Kerr as Next Insurance Commissioner

  18-12-2014 18:28
  
  Arkansas Gov.-Elect Asa Hutchinson has announced that state Rep. Allen Kerr will be the new state insurance commissioner. Kerr has been a Farmers Insurance agent for more than 30 years and along with his wife owns the Allen Kerr Agency …
  The article Arkansas Governor-Elect Names Kerr as Next Insurance Commissioner appeared first on Insurance Journal.
  
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• Milwaukee Archdiocese Reaches $10.3 Million Insurance Settlement - Wall Street Journal

  18-12-2014 18:14 via wsj.com
  
  Wall Street Journal
  Milwaukee Archdiocese Reaches $10.3 Million Insurance Settlement
  Wall Street Journal
  After years of negotiations, insurance carriers have agreed to turn over $10.3 million to help the Roman Catholic Archdiocese of Milwaukee, in the middle of a long and contentious period of bankruptcy protection, settle allegations of sexual abuse by ...
  
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• Rockford, Illinois Settles Police Shooting Lawsuit for $1.1M

  18-12-2014 17:42
  
  The city of Rockford, Ill.,  has reached a $1.1 million settlement with the estate of an unarmed black man who was fatally shot inside a church-run day care by two white police officers in 2009, according to officials. In a …
  The article Rockford, Illinois Settles Police Shooting Lawsuit for $1.1M appeared first on Insurance Journal.
  
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• North Dakota to Receive $1.2M for Flood Mitigation Efforts

  18-12-2014 17:37
  
  North Dakota is receiving $1.2 million in federal funds for flood mitigation efforts and home buyouts in Cass County. Members of the state’s congressional delegation announced the funding from the Federal Emergency Management Agency. The funds are to be used …
  The article North Dakota to Receive $1.2M for Flood Mitigation Efforts appeared first on Insurance Journal.
  
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• Illinois Landlord Gets Life in Deadly Arson-for-Insurance Case

  18-12-2014 17:34
  
  A Cicero, Ill., landlord has been sentenced to life in prison for the deaths of seven people during a Valentine’s Day 2010 apartment fire that prosecutors say was set for insurance money. Cook County prosecutors say Judge Carol Kipperman sentenced …
  The article Illinois Landlord Gets Life in Deadly Arson-for-Insurance Case appeared first on Insurance Journal.
  
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• Leavitt Group Adds Gourgues as VP, Benefits in Houston

  18-12-2014 17:33
  
  Leavitt Group announced that Dawn Gourgues joined the agency as vice president of benefits in their Houston office. Previously, she was a health and welfare consultant working with middle market energy related accounts. Gourgues’ experience also includes financial projects and …
  The article Leavitt Group Adds Gourgues as VP, Benefits in Houston appeared first on Insurance Journal.
  
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• Fond du Lac health insurance rates up 6% this year - Fond du Lac Reporter

  18-12-2014 17:19 via fdlreporter.com
  
  Fond du Lac Reporter
  Fond du Lac health insurance rates up 6% this year
  Fond du Lac Reporter
  The report said Fond du Lac insurance rates are up 6 percent this year. The average single monthly premium cost in the Fond du Lac region for large group insurance was listed at $775.58. Cost for small group and individual market insurance was $376.76 ...
  Area health insurance costs quadrupleGreen Bay Press Gazette
  Health insurance premiums up 4 percent in Wisconsin next yearMadison.com
  Report: Mad
  
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• Wyoming Workplace Fatality Bill Endorsed by Lawmakers

  18-12-2014 17:18
  
  Lawmakers have  advanced a proposal that would sharply increase penalties when employee deaths occur because of safety violations at large companies in Wyoming, which has long been among the top states for workplace deaths. Members of the Joint Labor, Health and …
  The article Wyoming Workplace Fatality Bill Endorsed by Lawmakers appeared first on Insurance Journal.
  
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• California Woman Settles for $25K After Bad Buzz

  18-12-2014 17:15
  
  A woman who claims she was served a pot-laced cookie at a Los Angeles hair salon has received a settlement of $25,000. Seventy-two-year-old Jo Ann Nickerson said she had never tried marijuana in her life before she partook of the …
  The article California Woman Settles for $25K After Bad Buzz appeared first on Insurance Journal.
  
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• Cooper Gay launches reinsurance unit in Uruguay

  18-12-2014 17:12
  Cooper Gay Swett & Crawford Ltd. on Wednesday said it has launched Cooper Gay Uruguay to place facultative and treaty reinsurance for personal, health, property and casualty lines for insurance companies in the region.
  
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• Are you ready for insurance in 2015? You will be if you follow these 6 key digital trends

  18-12-2014 17:10
  Insurance is changing...fast. Here's how to remain competitive in the evolving market.
  
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• Sony cancels N. Korea movie in apparent win for Pyongyang hackers

  18-12-2014 16:54
  (Reuters) — Sony Pictures has canceled the release of a comedy on the fictional assassination of North Korea's leader, in what appears to be an unprecedented victory for Pyongyang and its abilities to wage cyber-warfare.
  
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• Fraud Scheme Leads to Prison for Former Oklahoma Insurance Firm Employee

  18-12-2014 16:41
  
  The former employee of an insurance company faces two years in federal prison and more than $168,000 in restitution after being sentenced on a fraud conviction by U.S. district judge in Oklahoma City. Carla Jo Mires, of Oklahoma City, was …
  The article Fraud Scheme Leads to Prison for Former Oklahoma Insurance Firm Employee appeared first on Insurance Journal.
  
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• Bennett Awarded Matt Wells Scholarship to National Alliance Producer School

  18-12-2014 16:41
  
  A former college and professional basketball player and coach is the most recent recipient of Insurance Journal’s Matt Wells Scholarship to the National Alliance Producer School. The scholarship honors Matt Wells, son of Wells Media Group Chairman Mark Wells. Wells …
  The article Bennett Awarded Matt Wells Scholarship to National Alliance Producer School appeared first on Insurance Journal.
  
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• Oregon star suffers knee injury, school paid for his draft insurance - NBCSports.com

  18-12-2014 16:33 via profootballtalk.nbcsports.com
  
  Headlines & Global News
  Oregon star suffers knee injury, school paid for his draft insurance
  NBCSports.com
  But Ekpre-Olomu did something wise before the season, something every prospect who returns to school should do: He got Oregon to pay for an insurance policy that could pay him up to $3 million if he slides in the draft. According to ESPN, Ekpre-Olomu ...
  NCAA Football: Oregon Paid for Star CB's Draft InsuranceHeadlines & Global News
  Ifo Ekpre-Olomu (knee) out for seasonESPN
  
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• School Bus Driver Licensing Questioned in Tennessee

  18-12-2014 16:11
  
  Knox County Schools Superintendent Jim McIntyre has ordered a full review of all licensing documents for school bus drivers after questions arose about the qualifications of a driver involved in a fatal crash. The Knoxville News Sentinel reports the action …
  The article School Bus Driver Licensing Questioned in Tennessee appeared first on Insurance Journal.
  
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• North Carolina Driver Charged with DWI Twice in Same Day

  18-12-2014 16:08
  
  Officials in Asheville, North Carolina said a woman was charged with driving while impaired twice in the same day by the same sheriff’s deputy. Area media outlets report warrants at the Buncombe County magistrate’s office show 24-year-old Brittney Lashaun Box …
  The article North Carolina Driver Charged with DWI Twice in Same Day appeared first on Insurance Journal.
  
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• Vermont governor dumps statewide universal health care law effort

  18-12-2014 16:08
  Vermont is abandoning efforts to move to a publicly financed health care system to ensure universal coverage, Gov. Peter Shumlin said Wednesday.
  
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• UK Government, Insurers Reach Agreement to Establish Flood Re

  18-12-2014 15:35
  
  The UK’s insurance industry and Government have announced the final agreement securing the development and delivery of Flood Re, described as a “pooled insurance system which will allow even the highest risk homes to insure against floods,” by the Association …
  The article UK Government, Insurers Reach Agreement to Establish Flood Re appeared first on Insurance Journal.
  
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• Boston Uber Driver Charged With Raping Woman Who Sought Ride

  18-12-2014 15:20
  
  A Boston man who works as an Uber Technologies Inc. driver was charged with taking a woman to a secluded area and raping her, as questions about the company’s driver-screening process prompted it to begin an assessment of its safety …
  The article Boston Uber Driver Charged With Raping Woman Who Sought Ride appeared first on Insurance Journal.
  
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