Insurance news

• House passes national insurance-agent registry - InvestmentNews

  07-01-2015 23:09 via investmentnews.com
  
  InvestmentNews
  House passes national insurance-agent registry
  InvestmentNews
  By a 416-5 vote, the House passed a measure renewing a federal terrorism insurance program that contained a provision establishing the National Association of Registered Agents and Brokers, a clearinghouse for insurance professionals who want to ...
  
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• Dwyer Joins XL Group’s Distribution & Network Team in New York

  07-01-2015 22:52
  
  XL Group’s Distribution & Network team has added June H. Dwyer as Northeast regional lead. Based in XL Group’s New York office, Dwyer reports to Ken Riegler, head of XL Group’s North America Distribution and Network team. Dwyer joins XL …
  The article Dwyer Joins XL Group’s Distribution & Network Team in New York appeared first on Insurance Journal.
  
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• Hub International Northeast Hires Giué as VP in New Jersey

  07-01-2015 22:31
  
  Hub International Northeast, a division of Hub International Limited, has hired Ciro J. Giué as vice president and voluntary/worksite benefits practice leader of the Employee Benefits division. In this role, Giué will be responsible for developing and implementing the voluntary/worksite …
  The article Hub International Northeast Hires Giué as VP in New Jersey appeared first on Insurance Journal.
  
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• TRIA clears House; just a Senate vote away from long-term extension

  07-01-2015 22:03
  On Wednesday, the U.S. House of Representatives passed H.R. 26, the “Terrorism Risk Insurance Program Reauthorization Act of 2015” during the first days of the 114th Congress by a 416-5 bipartisan vote.
  
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• TRIA clears House; industry groups encourage last steps to long-term extension

  07-01-2015 22:03
  On Wednesday, the U.S. House of Representatives passed H.R. 26, the “Terrorism Risk Insurance Program Reauthorization Act of 2015” during the first days of the 114th Congress by a 416-5 bipartisan vote.
  
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• Pip Insurance Could Continue To Receive Green Light - CBS Local

  07-01-2015 21:48 via miami.cbslocal.com
  
  Pip Insurance Could Continue To Receive Green Light
  CBS Local
  House Insurance & Banking Chairman John Wood, R-Winter Haven, said Wednesday the state has yet to see the full impact of the law and he'd be surprised if there was “major” PIP legislation before the issue is settled in court. The annual legislative ...
  
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• House passes bill to renew terror insurance program - PBS NewsHour

  07-01-2015 21:46 via pbs.org
  
  PBS NewsHour
  House passes bill to renew terror insurance program
  PBS NewsHour
  The 416-5 vote revives the government's terrorism risk insurance program, which provides a backstop in which the government steps in to cover the bulk of losses in the event of a major terrorist attack. The guarantee has made private companies more ...
  House passes terrorism insurance billThe Hill (blog)
  
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• Amazing fact: Obamacare 'beyond repair,' yet brings insurance to millions - Los Angeles Times

  07-01-2015 21:34 via latimes.com
  
  Los Angeles Times
  Amazing fact: Obamacare 'beyond repair,' yet brings insurance to millions
  Los Angeles Times
  When it comes to the Affordable Care Act, you have two choices about what to believe. You can go with objective statistics from Gallup, a respected survey organization, which indicate that the law has increased the number of Americans with health ...
  A sharp drop in Americans who do not have health insuranceseattlepi.com (blog)
  In US, Uninsured Rate Sinks to 12.9%Gallup.com
  Advo
  
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• House passes bill extending terrorism risk insurance act - MarketWatch

  07-01-2015 21:25 via marketwatch.com
  
  House passes bill extending terrorism risk insurance act
  MarketWatch
  WASHINGTON (MarketWatch) -- The House of Representatives overwhelmingly approved a bill on Wednesday that would extend the terrorism risk insurance act until the end of 2020. The program expired on Dec. 31 following a failure by lawmakers to reach ...
  
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• Harvard's health insurance costs: Doing the math - CNBC

  07-01-2015 21:24 via cnbc.com
  
  CNBC
  Harvard's health insurance costs: Doing the math
  CNBC
  A controversial cost change to their health insurance plans may have some Harvard professors crawling the walls like ivy—but many, if not most of them, could actually end up paying less under the new plan than they previously did. For the first time ...
  Harvard Professors Complain About Changes To Their Very Generous Health ...ThinkProgress
  Harvard professors are angry that their amazing health insurance is getting ...Washington P
  
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• House Passes TRIA Renewal; Senate Leader Vows Quick Action Also

  07-01-2015 21:24
  
  The U.S. House of Representatives voted to reauthorize a government backstop for insurers’ losses from acts of terrorism after lawmakers let the measure expire last month. The legislation, which will extend the Terrorism Risk Insurance Act for six years, was …
  The article House Passes TRIA Renewal; Senate Leader Vows Quick Action Also appeared first on Insurance Journal.
  
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• Ex-NFL players' case against EA Sports' video game franchise can proceed

  07-01-2015 20:57
  A federal appeals court has refused to dismiss a case filed by former professional football players against a video game producer over the use of their likenesses, rejecting the producer’s argument that the use is protected under the First...
  
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• Inspector General: Miami-Dade airport insurance scam led to loss of over $400000 - MiamiHerald.com

  07-01-2015 20:55 via miamiherald.com
  
  MiamiHerald.com
  Inspector General: Miami-Dade airport insurance scam led to loss of over $400000
  MiamiHerald.com
  An insurance company and its president overbilled Miami-Dade's airport and a baggage-handling company by over $400,000, authorities said Wednesday. Ian Norris and the company itself, Sabal Insurance Group, were charged Wednesday with five counts ...
  Insurance exec arrested for defrauding Miami-Dade Aviation out of $400000South Florida Business Journal
  
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• Inspector General: Miami-Dade airport insurance scam cost taxpayers over ... - MiamiHerald.com

  07-01-2015 20:55 via miamiherald.com
  
  Inspector General: Miami-Dade airport insurance scam cost taxpayers over ...
  MiamiHerald.com
  An insurance company and its president overbilled Miami-Dade's airport and a baggage-handling company by over $400,000, authorities said Wednesday. Ian Norris and the company itself, Sabal Insurance Group, were charged Wednesday with five counts ...
  Insurance exec arrested for defrauding Miami-Dade Aviation out of $400000South Florida Business Journal
  
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• Benefits group urges delay of health reform law's 95% coverage requirement

  07-01-2015 20:55
  Federal lawmakers should extend part of a 2014 Treasury Department regulation that phases in rules requiring employers to extend coverage to 95% of their full-time employees in order to avoid a big penalty under the health care reform law, an employer...
  
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• Sony CEO sees no major financial impact from cyber attack

  07-01-2015 20:45
  (Reuters) — Sony Corp.
  
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• House passes bill to extend terrorism insurance backstop through 2020

  07-01-2015 20:39
  
  Moving quickly after the federal terrorism insurance program expired on Dec. 31, 2014, the House of Representatives on Wednesday overwhelmingly approved a bill to extend the terrorism insurance backstop until the end of 2020.
  
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• FHA will cut mortgage-insurance premiums - Columbus Dispatch

  07-01-2015 20:34 via dispatch.com
  
  FHA will cut mortgage-insurance premiums
  Columbus Dispatch
  WASHINGTON — The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday. In a statement, the White House said the move was part ...
  
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• Obama's Phoenix housing speech: Lower mortgage insurance - azcentral.com

  07-01-2015 20:20 via azcentral.com
  
  azcentral.com
  Obama's Phoenix housing speech: Lower mortgage insurance
  azcentral.com
  President Barack Obama will announce Thursday in Phoenix a plan to cut the mortgage insurance in half for most first-time homebuyers and some existing owners, a move to make homeownership more affordable for hundreds of thousands, according to the ...
  FHA to lower cost of mortgage insuranceCNNMoney
  Obama to Cut FHA Mortgage Insurance Premiums to Boost HomeownershipBloomberg
  White House says FHA to cut
  
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• Workplace harassment hearing set for Jan. 14 at EEOC headquarters

  07-01-2015 20:16
  The U.S. Equal Employment Opportunity Commission on Wednesday said it has scheduled a hearing on workplace harassment for 9:30 a.m. EST Jan. 14 at its headquarters.
  
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• Start off 2015 With an Insurance Check-Up - news.delaware.gov

  07-01-2015 20:15 via news.delaware.gov
  
  Start off 2015 With an Insurance Check-Up
  news.delaware.gov
  Dover, DE-The start of a new year is a great time to reevaluate your current insurance policies. Insurance Commissioner Karen Weldin Stewart is passing along recommendations from the National Association of Insurance Commissioners (NAIC), which is ...
  
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• Federal health insurance exchange enrollment nearly 6.6 million: HHS

  07-01-2015 19:49
  Nearly 6.6 million individuals signed up for health insurance plans through the federal exchange during the first seven weeks of the 2015 open enrollment season, the U.S. Department of Health and Human Services reported Wednesday.
  
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• Brown & Brown MGA unit buys Hall-Wright General Agency

  07-01-2015 19:08
  Managing general agent Texas Security General Insurance Agency Inc., a subsidiary of Brown & Brown Inc., has acquired San Antonio, Texas-based MGA Hall-Wright General Agency Inc.
  
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• OFF BEAT: Cold weather rattles Great White North with 'frost quake'

  07-01-2015 19:02
  Has the latest cold snap given us insight into yet another North American earthquake risk — or is it just one more reason to dread winter?
  
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• House passes bill offering smaller employers relief from ACA coverage mandate

  07-01-2015 19:00
  More small employers would be shielded from a health care reform law provision that requires employers to offer coverage or be liable for a stiff financial penalty under veterans-related OK legislation approved by the House of Representatives.
  
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• AssuredPartners Acquires A.J. Lupas Insurance Agency in Pennsylvania

  07-01-2015 18:59
  
  AssuredPartners Inc. has acquired A.J. Lupas Insurance Agency Inc. in Plains, Pennsylvania. Terms of the transaction were not disclosed. A.J. Lupas provides coverage for individuals, businesses, and life and health insurance products. The firm reports approximately $3 million in revenues. …
  The article AssuredPartners Acquires A.J. Lupas Insurance Agency in Pennsylvania appeared first on Insurance Journal.
  
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• No State Mandate to Shovel Sidewalks in Ohio, but Local Laws May Require It

  07-01-2015 18:57
  
  As far as Ohio state law goes, homeowners don’t have a legal obligation to shovel sidewalks due to a natural accumulation of snow and ice, but this doesn’t mean they shouldn’t at least try to maintain them, according to the …
  The article No State Mandate to Shovel Sidewalks in Ohio, but Local Laws May Require It appeared first on Insurance Journal.
  
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• Berkshire Hathaway Specialty Insurance Enters Environmental Segment - Insurance Journal

  07-01-2015 18:56 via insurancejournal.com
  
  Berkshire Hathaway Specialty Insurance Enters Environmental Segment
  Insurance Journal
  BHSI provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, and homeowners insurance for customers. It underwrites on the paper of Berkshire Hathaway's National Indemnity ...
  Berkshire Hathaway Specialty Insurance Expands US Casualty Appetite ...MarketWatch
  Berkshire Hathaway Specialty Insurance Enhances US Casualty Capabilitie
  
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• American Red Cross pressured to rid itself of tobacco money

  07-01-2015 18:53
  (Reuters) — The American Red Cross risks damaging the reputation of the global Red Cross brand because of its refusal to stop accepting donations from tobacco companies, a top official with the humanitarian network said.
  
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• Berkshire Hathaway Specialty Insurance Enters Environmental Segment

  07-01-2015 18:51
  Berkshire Hathaway Specialty Insurance (BHSI) is expanding its U.S. casualty underwriting capabilities to include pollution exposures and has named Chuck Hasselback to head its environmental group. According to Meredith Bullock, vice president, Casualty, the latest expansion reflects BHSI’s strategy to …
  The article Berkshire Hathaway Specialty Insurance Enters Environmental Segment appeared first on Insurance Journal.
  
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• Western National Insurance, Michigan Millers Mutual Join Forces

  07-01-2015 18:50
  
  Minnesota-based Western National Insurance Group announced an affiliation between Michigan Millers Mutual Insurance Co. and Western National Mutual Insurance Co. This affiliation will be final after the necessary regulatory approvals are completed, which are expected to be done by the …
  The article Western National Insurance, Michigan Millers Mutual Join Forces appeared first on Insurance Journal.
  
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• Around the Industry: January 7, 2015

  07-01-2015 18:44
  News from Lockton, the Amerisure Cos., Markel, Baldwin Krystyn Sherman Partners and more
  
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• Texas Staged Accident Scam Leads to 9 Years in Prison

  07-01-2015 18:43
  A Dallas-area man has been sentenced to nine years in federal prison for running a staged traffic accident insurance scam since 2005. Leroy Nelson of DeSoto must also repay nearly $5 million as part of sentencing announced Tuesday. The 61-year-old …
  The article Texas Staged Accident Scam Leads to 9 Years in Prison appeared first on Insurance Journal.
  
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• North Texas Doctor Gets 12 Years for Insurance fraud

  07-01-2015 18:43
  
  A North Texas chiropractor has been sentenced to more than 12 years in prison for billing health care providers for services that were never rendered. Dr. Abbas Zahedi of Carrollton was sentenced in federal court and ordered to pay $2.4 …
  The article North Texas Doctor Gets 12 Years for Insurance fraud appeared first on Insurance Journal.
  
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• Peters Named President, Exec. Director of Texas Independent Agents Group

  07-01-2015 18:41
  
  The Independent Insurance Agents of Texas (IIAT) has selected Marit Peters as its president and executive director. She will replace David VanDelinder, who is retiring from the leadership role. Peters has spent the past 20 years working across various industries …
  The article Peters Named President, Exec. Director of Texas Independent Agents Group appeared first on Insurance Journal.
  
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• Markel Names Huels Managing Director, Brokerage Casualty in Chicago

  07-01-2015 18:40
  
  Markel appointed Matt Huels as managing director, brokerage casualty, for its product line leadership team. He is based in Chicago. Huels comes to Markel from XL, where he was vice president of the casualty product line nationwide. Huels has also …
  The article Markel Names Huels Managing Director, Brokerage Casualty in Chicago appeared first on Insurance Journal.
  
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• Michigan-Based Insurer, Hagerty, Hires Hutchinson as President

  07-01-2015 18:39
  
  Classic vehicle insurer, Traverse City, Mich.-based Hagerty, hired Richard Hutchinson as the company’s president, effective Jan. 5, 2015. Hutchinson joins Hagerty from the Progressive Corp., where he has held many leadership positions during his 29-year tenure there. His insurance acumen …
  The article Michigan-Based Insurer, Hagerty, Hires Hutchinson as President appeared first on Insurance Journal.
  
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• Paris on highest terrorism alert after 12 killed in attack on magazine

  07-01-2015 18:28
  France was put on the highest terrorist alert after one of the country’s deadliest attacks since World War II killed at least 12 people in shootings at the office of satirical weekly 'Charlie Hebdo' in eastern Paris.
  
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• AmTrust Acquires New York’s Oryx Insurance Brokerage

  07-01-2015 18:22
  
  AmTrust Financial Services Inc. announced that it has acquired privately held Oryx Insurance Brokerage Inc. from Oryx’s principals for cash. Further terms of the transaction were not disclosed. Oryx was established in 1996 as a managing general agent (MGA) and …
  The article AmTrust Acquires New York’s Oryx Insurance Brokerage appeared first on Insurance Journal.
  
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• Washington Company Fined $199K After Worker Death

  07-01-2015 18:08
  
  The Washington Department of Labor & Industries has fined an Everett company $199,000 for 16 safety violations related to the death of a worker last July. Nineteen-year-old Bradley Hogue was killed by a rotating auger while working inside the hopper of …
  The article Washington Company Fined $199K After Worker Death appeared first on Insurance Journal.
  
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• Aldermen kill equality, same-sex insurance resolutions - The Commercial Dispatch

  07-01-2015 18:07 via cdispatch.com
  Aldermen kill equality, same-sex insurance resolutions
  The Commercial Dispatch
  Five Starkville aldermen on Tuesday repealed the city's equality resolution -- a non-discrimination policy that included language protecting lesbian, gay, bi-sexual and transgender employees -- and ended its plus-one insurance option available to ...
  Starkville aldermen: No insurance for same-sex partnersSunHerald.com
  
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• Hub International Acquires MMZ Associates in New York

  07-01-2015 18:02
  
  Hub International Limited announced that its subsidiary Hub International Northeast Limited has acquired the assets of MMZ Associates Inc., a Westchester County, New York-based brokerage. Terms of the acquisition were not disclosed. MMZ is a multi-line property/casualty insurance and risk …
  The article Hub International Acquires MMZ Associates in New York appeared first on Insurance Journal.
  
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• U.S. sets air safety rule, airlines must implement in three years

  07-01-2015 17:55
  (Reuters) — The U.S. government on Wednesday said it is requiring domestic airlines to put in place proactive safety measures designed to highlight risks, deter accidents and make air travel safer.
  
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• Falling interest rates hit pension plans' funding status: Milliman

  07-01-2015 17:45
  The funded status of very large pension plans sponsored by public companies slipped in December as interest rates, which increased the value of plan liabilities, continued to fall, according to a Milliman Inc. survey released Wednesday.
  
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• Sorry, California: Here are the top 10 worst cities for jobseekers

  07-01-2015 17:25
  You've seen the best. Now here are the rest.
  
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• Sorry, California: Here are the top 10 worst cities for job-seekers

  07-01-2015 17:25
  You've seen the best. Now here are the rest.
  
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• Obama to Cut FHA Mortgage Insurance Premiums to Boost Homeownership - Bloomberg

  07-01-2015 17:15 via bloomberg.com
  
  Bloomberg
  Obama to Cut FHA Mortgage Insurance Premiums to Boost Homeownership
  Bloomberg
  In an effort to expand homeownership among lower-income buyers, President Barack Obama plans to cut mortgage-insurance premiums charged by a government agency. The annual fees the Federal Housing Administration charges to guarantee mortgages ...
  
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• P&C rates: Commercial market 'on the cusp of soft market,' as personal lines stabilize

  07-01-2015 17:15
  Commercial rates fell in December 2014 -- sending out warning signs for the return of a soft market -- while personal rates moderated during the same period, according to a report by MarketScout.
  
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• Is your home office covered by your homeowners insurance? Here's what you need to know

  07-01-2015 17:01
  Your home is your castle but is it also your business? Your homeowners policy may not be enough.
  
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• North American 2014 insured cat losses hit $18B: Munich Re

  07-01-2015 16:59
  North American insured catastrophe losses totaled about $18 billion in 2014, according to an analysis released Wednesday by Munich Reinsurance Co.
  
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