Insurance news

• Deadline confusion: Portland insurance agent claims loophole, more time on ... - OregonLive.com

  19-12-2014 23:52 via oregonlive.com
  
  KTVZ
  Deadline confusion: Portland insurance agent claims loophole, more time on ...
  OregonLive.com
  Portland agent Andrew Eachon at Century Benefits says his firm has continued to use the federal health insurance exchange, HealthCare.gov, to help enroll people in tax credits and coverage that begins on Jan. 1 -- contrary to advertising and Cover ...
  Oregon insurance signups through HealthCare.gov inch up againPortland Business Journal (blog)
  Oregon health insurance signups low for 2015KTVZ
  
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• Oregon insurance signups through HealthCare.gov inch up again - Portland Business Journal (blog)

  19-12-2014 22:55 via bizjournals.com
  
  KTVZ
  Oregon insurance signups through HealthCare.gov inch up again
  Portland Business Journal (blog)
  A little more than half of the number of people who enrolled in insurance plans through Cover Oregon last year enrolled through the federal exchange as of last Friday. There were 40,581 signups through HealthCare.gov, and likely many more on Monday, ...
  Deadline confusion: Portland insurance agent claims loophole, more time on ...OregonLive.com
  Oregon health insurance signups low for 2015KTV
  
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• 20 arrested in insurance fraud sweep; 2 fugitives still at large (MUGSHOTS) - WPXI Pittsburgh

  19-12-2014 22:09 via wpxi.com
  
  WFMZ Allentown
  20 arrested in insurance fraud sweep; 2 fugitives still at large (MUGSHOTS)
  WPXI Pittsburgh
  Attorney General Kathleen Kane announced the arrest of 20 Pennsylvanians for a variety of unrelated insurance fraud offenses that are among some of the most commonly committed crimes. The recent sweep is the result of investigations by the Office of ...
  20 arrested in statewide insurance fraud sweep; 2 fugitives still at largeWFMZ Allentown
  
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• Staples says breach may have affected 1.16 million payment cards

  19-12-2014 22:03
  (Reuters) — Office equipment supplier Staples Inc. said the investigation of a data security breach showed that malware may have affected about 1.16 million payment cards.
  
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• Terrorism Insurance In Question As Federal Law Expires - National Retail Federation

  19-12-2014 21:17 via nrf.com
  The CT Mirror
  Terrorism Insurance In Question As Federal Law Expires
  National Retail Federation
  The Senate went home for its holiday recess this week without giving final approval to legislation to renew the Terrorism Risk Insurance Act, ending any chance that the program could be extended before Congress returns in January. Retailers should not ...
  Senate's failure to act on terrorism risk insurance roils industryThe CT Mirror
  Congress' Failure To Extend Terrorism Risk Insurance Act Re
  
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• Zurich North America names Terry McCafferty head of group captive insurance

  19-12-2014 20:52
  Zurich North America on Friday said it has named Terry McCafferty as head of group captives in the company’s programs and direct markets division, effective Feb. 1, 2015.
  
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• China sets up trust insurance fund to cap industry risk

  19-12-2014 20:51
  (Reuters) — China on Friday set up its first insurance fund for its $2.1 trillion trust industry in a move to reduce financial risk in shadow banking, the country’s banking regulator said.
  
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• Obama vows U.S. response to North Korea over Sony cyber attack

  19-12-2014 20:36
  
  (Reuters) — President Barack Obama vowed that the United States will respond to the devastating cyber attack on Sony Pictures Entertainment Inc. blamed on the North Korean government.
  
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• Police Investigate Insurance Fraud - WOWT

  19-12-2014 20:35 via wowt.com
  
  WOWT
  Police Investigate Insurance Fraud
  WOWT
  Owner Timothy Egan was arrested and booked for committing insurance fraud and criminal conspiracy. Police have not provided many details except that they have recovered several stolen vehicles and vehicle parts from at least two address in Douglas ...
  
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• Aspen renews special purpose insurer Silverton Re for 2015

  19-12-2014 20:19
  Aspen Insurance Holdings Ltd.’s Aspen Reinsurance operation’s Aspen Capital Markets division has renewed Silverton Re for 2015, Hamilton, Bermuda-based Aspen announced Friday.
  
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• Attorney General Holder moves to protect transgendered under Civil Rights Act

  19-12-2014 20:16
  In a reversal of an earlier position that will affect public employers, U.S.
  
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• Cascade County gets $83000 insurance dividend - Great Falls Tribune

  19-12-2014 20:12 via greatfallstribune.com
  
  Cascade County gets $83000 insurance dividend
  Great Falls Tribune
  Employees with Montana State Fund and PayneWest, the county's insurance agent, presented the check to Linda Cargill, the county's safety and risk manager. The large check amount was the result of an excellent safety record and loss control program in ...
  Cascade County gets $83K insurance dividend from Montana State FundKRTV Great Falls News
  
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• Boston Children’s Hospital to Pay $40K Over Data Breach Allegations

  19-12-2014 20:03
  
  Boston Children’s Hospital (BCH) has agreed to pay $40,000 and take steps to prevent future security violations following allegations related to a data breach that affected patient information, Massachusetts Attorney General Martha Coakley announced Friday. The consent judgment, entered Friday …
  The article Boston Children’s Hospital to Pay $40K Over Data Breach Allegations appeared first on Insurance Journal.
  
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• Surprised US lobbyists push quick 2015 terrorism insurance renewal - Reuters

  19-12-2014 19:59 via reuters.com
  Surprised US lobbyists push quick 2015 terrorism insurance renewal
  Reuters
  WASHINGTON (Reuters) - Lobbyists for insurers, real estate financiers and businesses launched into action this week to urge quick renewal of a terrorism insurance program in 2015 after U.S. lawmakers left it to expire at the end of this year. Industry ...
  
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• Obamacare has not led employers to drop insurance coverage, study finds - NJBIZ

  19-12-2014 19:39 via njbiz.com
  
  NJBIZ
  Obamacare has not led employers to drop insurance coverage, study finds
  NJBIZ
  Since the ACA was signed into law in 2010, some critics have predicted that businesses would discontinue offering employer-sponsored health insurance, moving employees into the individual exchanges. In New Jersey, more than 160,000 people have ...
  New Findings About The ACA's Impact On Employer-Sponsored Health InsuranceHealth Affairs (blog)
  Ebola Crisis Underscores Failures of ACA 'Market-Driven
  
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• PCRB Proposes 5.99% Average Workers’ Comp Loss Cost Decrease in Penn.

  19-12-2014 19:34
  
  The Pennsylvania Compensation Rating Bureau (PCRB) has submitted a filing of Pennsylvania loss costs and related rating values with a proposed effective date of April 1, 2015. PCRB said in its Circular No. 1636 on Dec. 15 that its filing, …
  The article PCRB Proposes 5.99% Average Workers’ Comp Loss Cost Decrease in Penn. appeared first on Insurance Journal.
  
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• Large claims drive insurance costs higher for Lee County employees - The Albany Herald

  19-12-2014 19:11 via albanyherald.com
  
  The Albany Herald
  Large claims drive insurance costs higher for Lee County employees
  The Albany Herald
  ##The employees will pay more for their county insurance coverage beginning Feb. 1, 2015. The rate increase will be 5 percent for those employees with employee-only coverage. Rates for those who coverage themselves and a child will rise 6 percent.
  
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• LeapFrog, Lombard to Acquire Stakes in Thai Insurer SMK from RSA

  19-12-2014 18:57
  
  LeapFrog Investments, Lombard Investments, and Syn Mun Kong Insurance Public Company Limited (SMK) [SMK:Bangkok] announced today that LeapFrog and Lombard will each acquire approximately 11 percent of SMK, from Royal & Sun Alliance Insurance Plc (RSA). The venture is the …
  The article LeapFrog, Lombard to Acquire Stakes in Thai Insurer SMK from RSA appeared first on Insurance Journal.
  
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• Texans Can Expect More Troopers on Patrol During Holidays

  19-12-2014 18:54
  
  Texas troopers will increase patrols over the more than two-week holiday period with officers on the lookout for drunken drivers. The Texas Department of Public Safety says expanded patrols begin Dec. 19 and run through Jan. 2. The period includes …
  The article Texans Can Expect More Troopers on Patrol During Holidays appeared first on Insurance Journal.
  
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• Donald Gaddis Co. Acquires Chicago-Based Kelly and Elliott

  19-12-2014 18:51
  
  Wholesale insurance broker and general agency, Donald Gaddis Co. Inc., has purchased rights to all the renewals of Kelly and Elliott Ltd. Both companies are headquartered in Chicago. Gaddis also hired all of Kelly and Elliott’s employees. The transaction was effective …
  The article Donald Gaddis Co. Acquires Chicago-Based Kelly and Elliott appeared first on Insurance Journal.
  
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• Reincke Promoted to Brokerage Manager at J.M. Wilson

  19-12-2014 18:49
  
  Portage, Mich.-based wholesale insurance specialist, J.M. Wilson, has promoted James Reincke to brokerage manager for the newly formed brokerage department  Reincke is responsible for developing and strengthening new and existing agency and company relationships, as well as growing the brokerage …
  The article Reincke Promoted to Brokerage Manager at J.M. Wilson appeared first on Insurance Journal.
  
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• Dallas-based Waldman Bros Promotes 5 to Vice President Positions

  19-12-2014 18:48
  
  Waldman Bros, a Dallas-based insurance and financial services firm, has promoted five employees to serve as vice presidents, including Leigh Bennett, Eric Goldberg, Rita Rolf, Melanie Rasansky and Tina Sparks. In their new roles, they will be responsible for developing …
  The article Dallas-based Waldman Bros Promotes 5 to Vice President Positions appeared first on Insurance Journal.
  
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• Work-Related Injuries, Illnesses Requiring Days Off Decreased in Texas in 2013

  19-12-2014 18:47
  
  Private industry employers in Texas reported 51,890 cases involving days away from work and an incidence rate of 66.6 injuries and illnesses per 10,000 full-time equivalent employees in 2013, the Texas Department of Insurance – Division of Workers’ Compensation (DWC) …
  The article Work-Related Injuries, Illnesses Requiring Days Off Decreased in Texas in 2013 appeared first on Insurance Journal.
  
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• McGowan Installed as President of the Independent Insurance Agents of Indiana

  19-12-2014 18:46
  
  The Independent Insurance Agents of Indiana Inc. (Indiana Big “I”) has installed its slate of officers for 2015, including Hugh M. McGowan of the McGowan Insurance Group in Indianapolis as president. In addition to McGowan, the members of the executive …
  The article McGowan Installed as President of the Independent Insurance Agents of Indiana appeared first on Insurance Journal.
  
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• OFF BEAT: Birthdays carry greater risks than having too much fun

  19-12-2014 18:44
  Despite the potential for presents and cake, birthdays aren’t always happy occasions, according to a new study.
  
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• Goodwin orders no insurance increase for North Carolina homeowners - WTVD-TV

  19-12-2014 18:29 via abc11.com
  
  WTVD-TV
  Goodwin orders no insurance increase for North Carolina homeowners
  WTVD-TV
  "The rates I have ordered are the result of the most thorough inspection of North Carolina homeowners insurance rates in more than 20 years," said Goodwin in a news release. "After considering all of the evidence and data available, I have determined ...
  NC insurance commissioner denies industry's request for rate hike on ...Charlotte Observer
  Insurance rate increase deniedGreensboro News & Rec
  
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• Ringling Bros. Disputes OSHA Citation for Hair-Hanging Accident in R.I.

  19-12-2014 18:28
  
  Ringling Bros. and Barnum & Bailey Circus has contested a citation it received from federal regulators for an accident that sent eight hair-hanging acrobats plummeting to the ground during a live performance, severely injuring most of them. Stephen Payne, a …
  The article Ringling Bros. Disputes OSHA Citation for Hair-Hanging Accident in R.I. appeared first on Insurance Journal.
  
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• Ringleader of Auto Insurance Fraud Scam Pleads Guilty in Massachusetts

  19-12-2014 18:18
  
  The ringleader of an automobile insurance fraud scheme in which dozens of New York City residents claimed they lived at fictional addresses in western Massachusetts has pleaded guilty in a deal she hopes will help her avoid deportation. Lefen Chen …
  The article Ringleader of Auto Insurance Fraud Scam Pleads Guilty in Massachusetts appeared first on Insurance Journal.
  
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• Winter is coming: 4 simple tips to make sure you’re covered

  19-12-2014 18:03
  The polar vortex caused almost $1.8 billion in claims and settlements, but there are easy ways to make sure you're covered this winter.
  
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• Paralyzed California Teen’s Pop Warner Suit Can Continue, Judge Says

  19-12-2014 17:59
  
  A Los Angeles judge has refused to throw out a lawsuit by a teenager who was paralyzed while making a tackle during a Pop Warner football game. City News Service says the judge on Wednesday rejected a motion to dismiss …
  The article Paralyzed California Teen’s Pop Warner Suit Can Continue, Judge Says appeared first on Insurance Journal.
  
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• Private Auto Premiums See Largest Q3 Growth in 10 Years: SNL

  19-12-2014 17:48
  
  Private auto insurance industry direct premiums written rose 5.13 percent in the third quarter of 2014, the largest third-quarter year-over-year growth in the past 10 years, according to an analysis by SNL Financial. The 30 largest auto writers by market …
  The article Private Auto Premiums See Largest Q3 Growth in 10 Years: SNL appeared first on Insurance Journal.
  
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• Uber in a California Regulatory Standoff Over Data

  19-12-2014 17:39
  
  Uber argued Thursday that it should not have to turn over ride data in a California regulatory standoff that shows how the transportation service is falling afoul of officials who could threaten its expansion. The issue, which is being heard in a …
  The article Uber in a California Regulatory Standoff Over Data appeared first on Insurance Journal.
  
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• SIIA petitions Supreme Court to review Michigan health claims tax

  19-12-2014 17:37
  The Self-Insurance Institute of America Inc. has formally petitioned the U.S. Supreme Court to review and overturn an appeals court decision upholding a Michigan law that imposes a 1% tax on paid health care claims.
  
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• California health exchange logs 144,178 new enrollees in first month

  19-12-2014 17:32
  California, which has the biggest public health insurance exchange, says enrollment for 2015 is far ahead of the enrollment rate during a similar period last year.
  
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• Arizona Insurance Council Elects 2015 Board Officers

  19-12-2014 17:31
  
  The membership of the Arizona Insurance Council has elected its officers for 2015. They are: Tim Goeller, President of AIC and regional vice president for Business Insurance at State Auto Insurance; Phyllis Senseman, vice president of AIC and vice president …
  The article Arizona Insurance Council Elects 2015 Board Officers appeared first on Insurance Journal.
  
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• U.S. blames N.Korea for Sony cyber attack, vows 'consequences'

  19-12-2014 17:23
  (Reuters) — The U.S. government on Friday blamed North Korea for a devastating cyber attack against Sony Pictures Entertainment Inc., calling it an unacceptable act of intimidation and vowing to impose "costs and consequences" on those responsible.
  
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• FBI concludes North Korean government responsible for Sony cyber attack

  19-12-2014 17:23
  (Reuters) — The United States on Friday blamed North Korea for the devastating cyberattack against Sony Pictures Entertainment Inc.
  
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• An insurance agent commits fraud while running for Congress in Arizona - PropertyCasualty360

  19-12-2014 17:23 via propertycasualty360.com
  PropertyCasualty360
  An insurance agent commits fraud while running for Congress in Arizona
  PropertyCasualty360
  The evidence showed that Renzi, who owned and operated an insurance agency, misappropriated clients' insurance premiums to fund his congressional campaign, and lied to insurance regulators and clients to cover his tracks. Finally, the evidence ...
  
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• 5 ways to reduce small business fraud

  19-12-2014 17:11
  Small business owners are exposed to fraud every day. Are your clients properly protected?
  
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• XL offers insurance for risks from chemical, nuclear and other weapons

  19-12-2014 17:03
  XL Group P.L.C. has launched a liability insurance product covering chemical, biological, radiological and nuclear weapons events.
  
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• Rating agencies take calm approach to TRIA expiration

  19-12-2014 17:01
  The lapse of the federal governments’ terrorism insurance backstop program is unlikely to have any short-term impact on the ratings of insurance companies, according to rating agencies.
  
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• State rejects proposed homeowners insurance increases - WRAL.com

  19-12-2014 16:51 via wral.com
  
  WRAL.com
  State rejects proposed homeowners insurance increases
  WRAL.com
  “The rates I have ordered are the result of the most thorough inspection of North Carolina homeowners insurance rates in more than 20 years,” Goodwin said in a statement. “After considering all of the evidence and data available, I have determined that ...
  Insurance Commissioner denies home insurance rate hike requestWITN
  NC insurance commissioner denies industry's request for rate hike on ...Charlotte Observer
  Go
  
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• Sony’s costs from ‘The Interview’ and cyber attack are approaching $200M

  19-12-2014 16:38
  Sony Pictures’ decision to let Seth Rogen make a comedy about a plot to kill a head of state will potentially cost the studio hundreds of millions of dollars after a devastating cyber-attack linked to North Korea.
  
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• Indian Ocean tsunami: 10 years later

  19-12-2014 16:29
  The deadly Indian Ocean earthquake and tsunami hit ten years ago. How are affected areas faring now?
  
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• Scalia on Retirees Losing Their Health Insurance: 'I Can't Feel Bad About It' - Huffington Post

  19-12-2014 16:22 via huffingtonpost.com
  
  Scalia on Retirees Losing Their Health Insurance: 'I Can't Feel Bad About It'
  Huffington Post
  In Apple Grove, West Virginia, there are some retirees from a chemical plant whose Christmas wishes probably include this: They want to keep the health insurance they were promised. The United Steelworkers union negotiated a series of collective ...
  
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• A timeline of Fireman's Fund's fading brand

  19-12-2014 16:07
  The sale of a Fireman’s Fund unit from Allianz SE to Ace Ltd. stands to further diminish an iconic U.S. insurance brand that dates to the 1800s.
  
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• 5 Bay Area insurance brokers used fake applications to defraud company ... - San Jose Mercury News

  19-12-2014 16:00 via mercurynews.com
  
  San Jose Mercury News
  5 Bay Area insurance brokers used fake applications to defraud company ...
  San Jose Mercury News
  As part of the scheme, the suspects allegedly created phony driver's licenses and took medical exams pretending to be life insurance applicants. They also opened hundreds of bank accounts to fund the premiums on the fraudulent policies and briefly paid ...
  
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• Tumbling oil prices expose weakness in shale drillers’ insurance

  19-12-2014 15:54
  Tumbling oil prices have exposed a weakness in the insurance that some U.S. shale drillers bought to protect themselves against a crash.
  
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• An insurance agent commits insurance fraud while running for Congress in ... - PropertyCasualty360

  19-12-2014 15:39 via propertycasualty360.com
  PropertyCasualty360
  An insurance agent commits insurance fraud while running for Congress in ...
  PropertyCasualty360
  The evidence showed that Renzi, who owned and operated an insurance agency, misappropriated clients' insurance premiums to fund his congressional campaign, and lied to insurance regulators and clients to cover his tracks. Finally, the evidence ...
  
  and more »
  
  Read more

• An insurance agent commits insurance fraud while running for Congress in Arizona

  19-12-2014 15:27
  Case analysis: Although Congressmen write the law, they are not above it.
  
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