Insurance news

• Two more homeowners allege that reports were forged to deny Sandy insurance ... - Newsday

  13-01-2015 23:32 via newsday.com
  
  Newsday
  Two more homeowners allege that reports were forged to deny Sandy insurance ...
  Newsday
  Lawyers for homeowners in Long Beach and East Rockaway filed documents in federal court Tuesday saying they have uncovered two more instances of engineering companies forging reports to deny flood insurance settlements to superstorm Sandy victims ...
  
  Read more

• Tax penalties for no health insurance double in 2015 - Sacramento Business Journal

  13-01-2015 23:30 via bizjournals.com
  
  Tax penalties for no health insurance double in 2015
  Sacramento Business Journal
  "With some exceptions, everyone in America is now required to have health insurance -- buying coverage for themselves and their families rather than relying on others to pay for their care," Lee said in a news release. "As the penalty increases, it ...
  
  and more »
  
  Read more

• Mercury Insurance ordered to pay nearly $27.6 million fine - SFGate

  13-01-2015 23:11 via sfgate.com
  
  Los Angeles Times
  Mercury Insurance ordered to pay nearly $27.6 million fine
  SFGate
  State regulators on Monday ordered Mercury Insurance to pay a nearly $27.6 million fine for improperly collecting unapproved broker fees from its auto customers. The fine, issued by the Department of Insurance, was the culmination of years of ...
  State fines Mercury Insurance $27.5 million for unapproved feesLos Angeles Times
  State orders Mercury Insurance to pay $27.6 million fineSacramento Bee
  Mercury Insuranc
  
  Read more

• P/C insurers need to contend again in 2015 with soft market

  13-01-2015 22:33
  
  NEW YORK — The commercial property insurance sector faces the challenge of continued softening rates, while prudently managing reserve releases to prop up profit in 2015, according to industry experts.
  
  Read more

• Advertisement

• Chief risk officers' broad cyber challenges outlined in report

  13-01-2015 22:33
  Companies’ chief risk officers should promote a culture of open communication, increased awareness of cyber risk at senior firm levels, and facilitate discussions and understanding of cyber risk at both the business and board level, says a report...
  
  Read more

• State Offers Guides to Help Consumers Save Money on Insurance - Honolulu Civil Beat

  13-01-2015 22:30 via civilbeat.com
  
  Honolulu Civil Beat
  State Offers Guides to Help Consumers Save Money on Insurance
  Honolulu Civil Beat
  The Hawaii Insurance Division has released its annual premium comparison guide aimed at helping consumers save money by shopping around for more affordable plans. “You could potentially save hundreds of dollars by reviewing our premium ...
  Breaking down the online auto insurance comparison marketplacePropertyCasualty360
  
  all 3 news articles »
  
  Read more

• Senate support grows for bill redefining ACA full-time work week to 40 hours

  13-01-2015 22:26
  Following approval last week by the House of Representatives, legislation that would ease the health care reform law’s definition of a full-time employee by changing it to those working an average of 40 hours a week is quickly picking up support in...
  
  Read more

• 2014 was the least expensive year for natural catastrophes since 2009, and other good news

  13-01-2015 21:30
  What's more, insured losses were down 38% from their 10-year averages.
  
  Read more

• Advertisement

• Health care workers’ comp claims steady in 2014 despite safety programs

  13-01-2015 20:55
  Workers compensation claim frequency for health care workers declined by about 1% in 2014, but comp claim severity among medical workers increased 2% last year as health systems say they struggle with safety procedures that can reduce worker injuries,...
  
  Read more

• Jockeys, you're covered!

  13-01-2015 20:51
  Racetracks have a new option for providing important coverage for jockeys.
  
  Read more

• Altru launches professional liability coverage in Midwest, South

  13-01-2015 19:35
  Cincinnati-based managing general underwriter Altru L.L.C. has launched a miscellaneous professional liability coverage form in nine states in the Midwest and South.
  
  Read more

• What Are My Alternatives To Affordable Care Act Health Insurance? - Forbes

  13-01-2015 18:54 via forbes.com
  
  ETF Trends
  What Are My Alternatives To Affordable Care Act Health Insurance?
  Forbes
  I am diabetic and can't go without health insurance for my supplies and insulin. But I make too much to qualify for Medicaid in my state and not enough to qualify for tax credits under the Affordable Care Act. What are my options? How can I find ...
  Colorado Springs Gazette: Insurance not the same as affordable careNewsOK.com
  
  all 92 news articles »
  
  Read more

• Westfield Insurance Improves Claims Process - ClaimsJournal.com

  13-01-2015 18:53 via claimsjournal.com
  ClaimsJournal.com
  Westfield Insurance Improves Claims Process
  ClaimsJournal.com
  Effectively managing insurance claims is a complex business, especially for a carrier like Westfield Insurance. From the company's rural roots in Ohio – formed in 1848 by a small group of farmers to protect their property – Westfield has grown into one ...
  
  Read more

• Obama proposes 30-day national data breach notification standard

  13-01-2015 18:44
  In light of the high-profile Sony Pictures and JPMorgan data breaches, the White House is making a renewed push for stalled cyber legislation
  
  Read more

• No Contamination Detected after Ohio Refinery Explosion

  13-01-2015 18:41
  
  No dangerous contaminants were released into the air by an explosion at an oil refinery that was felt 10 miles away and sparked a fire that burned for more than 14 hours, the Ohio Environmental Protection Agency said. Testing was …
  The article No Contamination Detected after Ohio Refinery Explosion appeared first on Insurance Journal.
  
  Read more

• Michigan-Based Amerisure Insurance Promotes Loss Control Executives

  13-01-2015 18:33
  
  Amerisure Mutual Insurance Co. based in Farmington Hills, Mich., has promoted Jim Flynn to assistant vice president of loss control and Anne Marie May to regional vice president of loss control. Both Flynn and May report to Kevin Clary, Amerisure’s …
  The article Michigan-Based Amerisure Insurance Promotes Loss Control Executives appeared first on Insurance Journal.
  
  Read more

• Kaufman Financial Acquires Canadian MGA Avec Insurance Managers

  13-01-2015 18:29
  
  Burns & Wilcox Canada, a subsidiary of Kaufman Financial Group, announced it has acquired Avec Insurance Managers, a Toronto-based managing general agent with expertise in marine, inland marine and other specialty commercial lines. Avec will become part of Burns & …
  The article Kaufman Financial Acquires Canadian MGA Avec Insurance Managers appeared first on Insurance Journal.
  
  Read more

• Texas Auto Injury, Fatality Crashes Rise Again in 2014

  13-01-2015 18:27
  
  Contrary to a nationwide trend, Texas automobile crashes resulting in injuries and fatalities have risen for the past three years, the Insurance Council of Texas reports. Nationally, roadway crashes involving injuries and fatalities have been going down. Since 2011, however, injury …
  The article Texas Auto Injury, Fatality Crashes Rise Again in 2014 appeared first on Insurance Journal.
  
  Read more

• ‘One-Day’ Policy Sales Lead to Agent License Suspensions in Michigan

  13-01-2015 18:24
  
  The Michigan Department of Insurance and Financial Services (DIFS) announced it has suspended the licenses of father and son insurance agents Ali Ali and Adnan Ali-Aljadri and their insurance agencies AAS and ASA for violating numerous provisions of the Michigan …
  The article ‘One-Day’ Policy Sales Lead to Agent License Suspensions in Michigan appeared first on Insurance Journal.
  
  Read more

• Northwest Savings Bank Acquires B.J. Petruso Agency in Penn.

  13-01-2015 18:23
  
  Northwest Savings Bank in Warren, Pennsylvania, announced the acquisition of B.J. Petruso Agency, a property/casualty and life insurance agency located in Meadville, Pennsylvania. Terms of the transaction were not disclosed. B.J. Petruso Agency offers personal and business insurance services for …
  The article Northwest Savings Bank Acquires B.J. Petruso Agency in Penn. appeared first on Insurance Journal.
  
  Read more

• It's not too late: 7 New Year's resolutions guaranteed to grow your business

  13-01-2015 18:00
  Although the New Year has passed, it's still early enough in the year to make (and keep) a resolution. Here, seven of National Underwriter P&C's columnists weigh in on what independent agents should resolve to do in 2015.
  
  Read more

• Gallagher acquires California employee benefits consulting firm

  13-01-2015 17:59
  Arthur J. Gallagher & Co. has acquired Newport Beach, California-based employee benefits consulting firm e3 Financial.
  
  Read more

• Arthur J. Gallagher acquires California employee benefits consulting firm

  13-01-2015 17:59
  Arthur J. Gallagher & Co. has acquired Newport Beach, California-based employee benefits consulting firm e3 Financial.
  
  Read more

• Breaking down the online auto insurance comparison marketplace

  13-01-2015 17:58
  It is no secret that consumers want choice and convenience when shopping for car insurance. Where do online comparison shopping sites factor in?
  
  Read more

• Health insurance paperwork wastes $375 billion - CNBC

  13-01-2015 17:54 via cnbc.com
  
  CNBC
  Health insurance paperwork wastes $375 billion
  CNBC
  The United States health-care system wastes an estimated $375 billion annually in billing and insurance-related paperwork that could be saved if the nation moved from a "multipayer" health coverage system to a "single-payer" system run by the ...
  
  and more »
  
  Read more

• No legislative hearing planned on insurance changes - Shreveport Times

  13-01-2015 17:44 via shreveporttimes.com
  
  Shreveport Times
  No legislative hearing planned on insurance changes
  Shreveport Times
  BATON ROUGE – The chairman of the House budget committee says he hasn't decided whether he'll hold a legislative hearing about proposed changes to the state employee health insurance program. Rep. Jim Fannin, of Jonesboro, said committee ...
  
  and more »
  
  Read more

• Sarah Pacini named CEO of Cooperative of American Physicians

  13-01-2015 17:43
  The Cooperative of American Physicians Inc. has named Sarah E. Pacini as CEO, effective Feb. 1.
  
  Read more

• Florida’s Citizens Settled Almost 70% of Sinkhole Claims in 2014

  13-01-2015 17:27
  
  Citizens Property Insurance Corp. has reached settlement agreements with more than 1,650 Florida homeowners to end litigation on sinkhole repair cases that was delaying critical repairs to their properties. As of Dec. 15, 2014, Citizens had reached agreements with 1,669 …
  The article Florida’s Citizens Settled Almost 70% of Sinkhole Claims in 2014 appeared first on Insurance Journal.
  
  Read more

• Traffic Deaths Decline in Tennessee

  13-01-2015 17:14
  
  The Department of Safety and Homeland Security and the Department of Transportation reported 961 traffic deaths in 2014 — 35 fewer than in 2013, when 995 fatalities were recorded. A joint statement from the agencies says the number is the …
  The article Traffic Deaths Decline in Tennessee appeared first on Insurance Journal.
  
  Read more

• North Carolina Insurers Request Mobile Home Rate Changes

  13-01-2015 17:08
  
  The North Carolina Rate Bureau has filed for mobile homeowners insurance rate changes with the North Carolina Department of Insurance (NCDOI). The N.C. Rate Bureau has requested an average statewide decrease of 0.8 percent for the MH(C) form and an …
  The article North Carolina Insurers Request Mobile Home Rate Changes appeared first on Insurance Journal.
  
  Read more

• Despite demand, video health exams largely not covered by insurance in ... - Pittsburgh Post Gazette

  13-01-2015 17:04 via post-gazette.com
  
  Pittsburgh Post Gazette
  Despite demand, video health exams largely not covered by insurance in ...
  Pittsburgh Post Gazette
  Currently, 21 states do have some form of what's called a “parity” law requiring private insurance companies to reimburse for televisits, according to the September 2014 review of the laws by the American Telemedicine Association. Pennsylvania is not ...
  
  Read more

• Miller named Pennsylvania Insurance Commissioner - Pittsburgh Business Times (blog)

  13-01-2015 16:55 via bizjournals.com
  
  Miller named Pennsylvania Insurance Commissioner
  Pittsburgh Business Times (blog)
  She also administered the Oregon Insurance Division and worked at the Oregon Department of Justice, Portland General Electric, Tresidder Co. and other organizations. Miller received her law degree from Willamette University College of Law and a ...
  Wolf names Miller next Pennsylvania insurance commissionerIFAwebnews.com
  
  all 8 news articles »
  
  Read more

• Health insurance enrollment period winding down - Traverse City Record Eagle

  13-01-2015 16:53 via record-eagle.com
  
  Traverse City Record Eagle
  Health insurance enrollment period winding down
  Traverse City Record Eagle
  People who haven't signed up for health insurance by that date — unless they qualify for an exemption — will be subject to federal fines. People who are part of an employer-sponsored health insurance plan generally don't need to worry about the ...
  Sparks Offers Health Insurance Enrollment GuidanceTimes Record
  "Strong Start" for IL in Health Insurance Marketplace Enrollmen
  
  Read more

• To fight hackers, Obama wants companies to share threats

  13-01-2015 16:46
  (Reuters) — President Barack Obama on Tuesday will announce a renewed push for cybersecurity legislation after recent headline-grabbing hacks against companies like Sony Pictures and Home Depot.
  
  Read more

• Better late than never: Obama signs TRIA into law

  13-01-2015 16:26
  Industry groups praise the bill's passage, which had been delayed after the Senate failed to reauthorize the legislation in December.
  
  Read more

• 5 Tips to increase sales among new producers

  13-01-2015 16:13
  Getting started in the insurance business is difficult, at best. Follow these guidelines to have a better chance of closing the sale
  
  Read more

• New Tax Forms to Fill out on Health Insurance Coverage - ABC News

  13-01-2015 15:53 via abcnews.go.com
  Kansas City Star
  New Tax Forms to Fill out on Health Insurance Coverage
  ABC News
  Be prepared for the tax man to get even more personal this year ? with questions about your health insurance. For the first time, you'll have to state whether you had health insurance, through an employer, one of the exchanges or purchased privately.
  IRS to ask about health insurance coverage on tax forms this yearNOLA.com
  
  all 220 news articles »
  
  Read more

• Litigation and court decisions: Adjusters as judge, jury and litigation manager

  13-01-2015 15:51
  The decisions adjusters make today can have far-reaching consequences tomorrow.
  
  Read more

• Litigation and court decisions

  13-01-2015 15:51
  The decisions adjusters make today can have far-reaching consequences tomorrow.
  
  Read more

• Troubleshooter: Son fights for cancer-stricken mom's life insurance - WTVD-TV

  13-01-2015 15:40 via abc11.com
  Troubleshooter: Son fights for cancer-stricken mom's life insurance
  WTVD-TV
  A rep for the State's Department of Public Safety tells us when it comes to payments and premiums for life or health insurance it is up to the worker to keep up with it on their own and make sure the premiums are paid. She also adds that the state ...
  
  Read more

• Natural catastrophe insured losses down 38% in 2014: Aon Benfield

  13-01-2015 15:32
  Natural catastrophes caused total insured losses of $39 billion in 2014, 38% lower than the 10-year-average loss of $63 billion, according to a report published Tuesday by Impact Forecasting, the catastrophe modeling team of Aon Benfield Group Inc.
  
  Read more

• Obama signs bill to renew terrorism risk insurance program - CBS News

  13-01-2015 15:27 via cbsnews.com
  
  CBS News
  Obama signs bill to renew terrorism risk insurance program
  CBS News
  WASHINGTON -- President Obama has signed into law a renewal of a federal program credited with reviving the market for insurance against terrorist attacks after its collapse in the aftermath of 9/11. The White House says Obama signed the bill Monday ...
  Obama signs terrorism risk insurance bill into lawReuters
  President Obama signs TRIA extension bill into lawBusiness Insurance
  
  all 1,637 news articles »
  
  Read more

• Tax Time Gets New Ritual: Proof Of Health Insurance - NPR (blog)

  13-01-2015 15:22 via npr.org
  
  NPR (blog)
  Tax Time Gets New Ritual: Proof Of Health Insurance
  NPR (blog)
  If you had health insurance for only part of 2014 or didn't have coverage at all, it's a bit more complicated. In that case, you'll have to file Form 8965, which allows you to claim an exemption from the requirement to have insurance or calculate your ...
  How Do I Report My Health Insurance On My Tax Return For Obamacare?Forbes
  
  all 19 news articles »
  
  Read more

• TRIA extension bill signed into law

  13-01-2015 15:17
  President Barack Obama has signed into law legislation extending the federal terrorism insurance backstop through Dec. 31, 2020.
  
  Read more

• President Obama signs TRIA extension bill into law

  13-01-2015 15:17
  
  President Barack Obama has signed into law legislation extending the federal terrorism insurance backstop through Dec. 31, 2020.
  
  Read more

• Health insurance concerns: Oregon Insurance Commissioner Laura Cali ... - OregonLive.com

  13-01-2015 15:11 via oregonlive.com
  
  Health insurance concerns: Oregon Insurance Commissioner Laura Cali ...
  OregonLive.com
  Are your health insurance costs taking a bigger bite out of your paycheck? Are you tapping your checking and savings accounts to pay your deductibles and other out-of-pocket costs? Are you an employer struggling to keep health insurance premium costs ...
  
  Read more

• Insurer MetLife says to sue U.S. regulators over tougher rules

  13-01-2015 14:36
  (Reuters) — MetLife Inc. said it would file a lawsuit Tuesday against regulators subjecting it to tougher oversight, challenging their verdict that the firm harbors enough risk to bring down the financial system in a crisis.
  
  Read more

• Insurer MetLife plans to sue U.S. regulators over tougher rules

  13-01-2015 14:36
  (Reuters) — MetLife Inc. said it would file a lawsuit Tuesday against regulators subjecting it to tougher oversight, challenging their verdict that the firm harbors enough risk to bring down the financial system in a crisis.
  
  Read more

• OFF BEAT: Who’s to blame if car has no driver?

  13-01-2015 14:19
  If the safety — if not the very notion — of driverless cars has left you scratching your head, you’re in good company.
  
  Read more

• President Obama Signs TRIA Renewal Bill Into Law

  13-01-2015 14:06
  
  President Barack Obama signed into law on Monday a bill that renews for six years a terrorism risk insurance program created in response to the Sept. 11, 2001, attacks, the White House said. The program provides a federal insurance backstop …
  The article President Obama Signs TRIA Renewal Bill Into Law appeared first on Insurance Journal.
  
  Read more

Follow @Insurance_Newsl on Twitter!