Insurance news

• Marsh promotes former FINPRO head to lead Pacific North Partnership

  14-01-2015 22:15
  Marsh L.L.C. has promoted Lou Ann Layton to lead its Pacific North Partnership, which includes Marsh’s Denver, Honolulu, Salt Lake City, San Francisco, San Jose, Seattle and Portland offices, Marsh said in a statement.
  
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• Fidelis, subsidiary Continental Underwriters form ocean cargo division

  14-01-2015 22:09
  Marine insurance provider Fidelis Group Holdings L.L.C. and its subsidiary Continental Underwriters Ltd. have formed an ocean cargo division, Continental Underwriters said Wednesday.
  
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• Panzera Joins Woodruff-Sawyer in California

  14-01-2015 21:43
  
  Woodruff-Sawyer & Co. has named Kevin Panzera vice president and private client growth leader. Panzera will be based in the firm’s San Francisco, Calif. headquarters, and will be responsible for working with all private client teams in various offices. Prior …
  The article Panzera Joins Woodruff-Sawyer in California appeared first on Insurance Journal.
  
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• Business interruption, natural catastrophes top risk manager concerns

  14-01-2015 21:07
  Business interruption risks and natural catastrophes are top concerns of risk managers in 2015, according to a study released on Wednesday by Allianz Global Corporate & Specialty S.E.
  
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• Global Aerospace president, COO Cassidy to step down

  14-01-2015 21:06
  The president and chief operating officer of aerospace insurance provider Global Aerospace Inc., Jeffrey Cassidy, will step down April 1, the company said.
  
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• Global Aerospace president and COO to step down

  14-01-2015 21:06
  The president and chief operating officer of aerospace insurance provider Global Aerospace Inc., Jeffrey Cassidy, will step down April 1, the company said.
  
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• Here's what insurance executives expect for the industry in 2015

  14-01-2015 20:58
  Good news, bad news and a lot more talk about cyber coverage.
  
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• U.S. states ask JPMorgan Chase for security data as they probe hack

  14-01-2015 20:48
  (Reuters) — States probing last summer’s massive hack at JPMorgan Chase & Co. have asked for detailed data on the company’s security practices and want to know whether the bank is certain that no sensitive account data was stolen.
  
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• What does terrorism insurance program mean for Las Vegas? Quite a lot - Las Vegas Sun

  14-01-2015 20:39 via lasvegassun.com
  Las Vegas Sun
  What does terrorism insurance program mean for Las Vegas? Quite a lot
  Las Vegas Sun
  “Casinos are a potential target, as are other businesses, for terrorists because there are large numbers of people who are potential victims,” said Gary Thompson, Caesars spokesman. “The need for federal protection from terrorist attacks in terms of ...
  
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• More than 15000 Alaskans sign up for ACA insurance - Alaska Dispatch

  14-01-2015 20:28 via adn.com
  
  Merced Sun-Star
  More than 15000 Alaskans sign up for ACA insurance
  Alaska Dispatch
  The individual mandate of the Affordable Care Act brought major changes to insurance coverage in the U.S., creating essential benefits that must be covered and requiring that most Americans have health insurance. The mandate is now in its second year, ...
  Health Insurance Sign-Ups Edge Higher Last WeekInsurance News Net
  
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• Be careful: Here are the top 5 business risks for 2015

  14-01-2015 20:25
  Globalization leads to greater exposure for businesses, and that's not all.
  
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• EEOC workplace harassment task force to include employers, worker advocates

  14-01-2015 20:23
  Equal Employment Opportunity Commission Chair Jenny R. Yang announced the creation of a task force to address the issue of workplace harassment during a public hearing on the issue Wednesday.
  
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• AIR survey reveals steady growth of expected average annual insured losses

  14-01-2015 19:54
  A new survey released by catastrophe modeling firm AIR Worldwide Corp. on Wednesday finds expected average annual insured losses increasing steadily.
  
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• Proposed medical fee schedule changes could boost Florida comp costs 1.9%

  14-01-2015 19:44
  Potential updates to Florida’s medical fee schedule for workers compensation health care providers could increase the state’s workers comp system costs by $61 million, or 1.9% annually, NCCI says.
  
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• New Day Underwriting Managers Hires Johns as Account Manager in N.J.

  14-01-2015 19:36
  
  New Day Underwriting Managers LLC, a Hamilton, New Jersey-based specialty intermediary of environmental and construction-related professional liability coverage, has hired Kim Johns as account manager within the firm’s Construction Group. She is based in the firm’s Hamilton office. At New …
  The article New Day Underwriting Managers Hires Johns as Account Manager in N.J. appeared first on Insurance Journal.
  
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• Boston Insurance Brokerage Promotes Dickson to VP

  14-01-2015 19:32
  
  Boston Insurance Brokerage Inc. has promoted Carl Dickson to the position of vice president of the Property/Casualty & Environmental Division. Dickson served as assistant vice president at the firm for last two years. Established in 2001, Boston Insurance Brokerage is …
  The article Boston Insurance Brokerage Promotes Dickson to VP appeared first on Insurance Journal.
  
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• Global shifts might make for more volatile markets

  14-01-2015 19:31
  Insurers should fasten their seat belts, because it could be a bumpy ride ahead when it comes to global economic trends and emerging exposures in 2015.
  
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• Your Insurance Score Demystified - Nasdaq

  14-01-2015 19:23 via nasdaq.com
  
  Your Insurance Score Demystified
  Nasdaq
  When insurers set how much you'll pay for coverage, they don't just pull a number out of a hat. They depend on complicated algorithms to predict your risk of filing an auto or home insurance claim – they'll charge lower-risk policyholders less for ...
  
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• FDA approves EnteroMedics' novel device to treat obesity

  14-01-2015 19:02
  (Reuters) — The Food and Drug Administration said on Wednesday it has approved a new device to treat obesity, the first since 2007, sending shares of its maker, EnteroMedics Inc., up as much as 74%.
  
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• FDA approves EnteroMedics' medical device to treat obesity

  14-01-2015 19:02
  (Reuters) — The Food and Drug Administration said on Wednesday it has approved a new device to treat obesity, the first since 2007, sending shares of its maker, EnteroMedics Inc., up as much as 74%.
  
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• Federal health exchange enrollment nearly 6.8 million: HHS

  14-01-2015 19:00
  Nearly 6.8 million individuals signed up for health insurance plans through the federal exchange during the first eight weeks of the 2015 open enrollment season, HHS reported Wednesday.
  
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• 89 Fires Reported Near Ohio State in Post-Game Revelry

  14-01-2015 18:49
  
  Nearly 90 fires were reported near Ohio State’s campus early in the morning on Jan. 13 after the Buckeyes won the first national title game in college football’s playoffs, the Columbus Fire Department said. The fires involved trash bins, Dumpsters …
  The article 89 Fires Reported Near Ohio State in Post-Game Revelry appeared first on Insurance Journal.
  
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• New York City Council Members Take Aim at Uber Surge Pricing

  14-01-2015 18:35
  
  New York’s turf war on wheels reached fever pitch Monday as City Council members grilled representatives of the app-based Uber service — a fierce competitor of the city’s 13,000 yellow cabs hailed with a flailing hand. When first offered in …
  The article New York City Council Members Take Aim at Uber Surge Pricing appeared first on Insurance Journal.
  
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• Louisiana Audits Find $31M in Unclaimed Life Insurance

  14-01-2015 18:33
  
  State Treasurer John Kennedy says audits of life insurance company policies have uncovered more than $31 million in unclaimed property for beneficiaries in the past eight years. The Treasury Department discovered the benefits after comparing the outstanding policies of a …
  The article Louisiana Audits Find $31M in Unclaimed Life Insurance appeared first on Insurance Journal.
  
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• Ex-Kansas Insurance Agent Gets Prison Sentence for Client, Company Theft

  14-01-2015 18:32
  
  Prosecutors say a former insurance agent in Kansas has been sentenced to 42 months in prison for stealing from his clients. The U.S. attorney’s office said that 43-year-old Jason Matthew Pennington of Wichita pleaded guilty to two counts of wire …
  The article Ex-Kansas Insurance Agent Gets Prison Sentence for Client, Company Theft appeared first on Insurance Journal.
  
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• Dauphin County embarking on effort to lower flood insurance rates - PennLive.com

  14-01-2015 18:31 via pennlive.com
  
  Dauphin County embarking on effort to lower flood insurance rates
  PennLive.com
  The commissioners last fall hired Tetra Tech, based in Susquehanna Township, to catalog and assess flood management efforts in the participating municipalities, which is expected to ultimately help lower flood insurance rates between 5 and 45 percent ...
  
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• Former Deputy AG Mattax Named Texas Insurance Commissioner

  14-01-2015 18:29
  
  A former top deputy of Republican Gov.-elect Greg Abbott is taking over the Texas Department of Insurance. David Mattax was named commissioner on Jan. 12. He is currently a deputy attorney general who took the lead defending Republican-drawn Texas voting …
  The article Former Deputy AG Mattax Named Texas Insurance Commissioner appeared first on Insurance Journal.
  
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• Sign Up for Affordable Health Insurance Today - Huffington Post

  14-01-2015 18:27 via huffingtonpost.com
  
  The News-Press
  Sign Up for Affordable Health Insurance Today
  Huffington Post
  Lack of health insurance is one of the major barriers contributing to our community's health challenges. In fact, Latinos are the ethnic group that is least likely to have health insurance. Without health insurance, it can be hard to afford even basic ...
  More Texans signing up for insurance under Affordable Care ActDallas Morning News (blog)
  Health insurance premiums rising for FloridiansThe News-Press
  What Are My
  
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• OFF BEAT: Man's tales of damaged high-tech equipment finally break down

  14-01-2015 18:25
  A word of advice to would-be insurance crooks: Just because a claims adjuster can’t easily recognize a piece of supposedly damaged equipment doesn’t mean it’s a safe bet for fraud.
  
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• Texas Plant with Fatal Gas Leak Had Been Cited for Infractions

  14-01-2015 18:25
  
  A DuPont and Co pesticide plant where four people died in a gas leak in November had been cited for emissions violations by a state agency on several occasions before the accident, the Houston Chronicle reported. The newspaper cited public …
  The article Texas Plant with Fatal Gas Leak Had Been Cited for Infractions appeared first on Insurance Journal.
  
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• Fischer, Prout to Lead Fidelis Group Holdings’ New Ocean Cargo Unit

  14-01-2015 18:21
  
  Fidelis Group Holdings LLC (FGH) and its subsidiary, Continental Underwriters Ltd., a have formed an ocean cargo division and named Doug Fischer and Crystal Prout as managing directors of the unit. The new ocean cargo division will be based out of …
  The article Fischer, Prout to Lead Fidelis Group Holdings’ New Ocean Cargo Unit appeared first on Insurance Journal.
  
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• Fischer, Prout Named to Lead Fidelis Group Holdings’ New Ocean Cargo Unit

  14-01-2015 18:21
  
  Fidelis Group Holdings LLC (FGH) and its subsidiary, Continental Underwriters Ltd., a have formed an ocean cargo division and named Doug Fischer and Crystal Prout as managing directors of the unit. The new ocean cargo division will be based out of …
  The article Fischer, Prout Named to Lead Fidelis Group Holdings’ New Ocean Cargo Unit appeared first on Insurance Journal.
  
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• Senate bill targets 2.3% ACA tax on medical device manufacturers

  14-01-2015 18:17
  Bipartisan legislation introduced Tuesday by Senate Finance Committee Chairman Orrin Hatch, R-Utah, would repeal a health care reform law provision that imposes a 2.3% federal excise tax on manufacturers on medical devices.
  
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• Obama seeks enhanced cybersecurity laws to fight hackers

  14-01-2015 18:13
  (Reuters) — President Barack Obama on Tuesday renewed a push to beef up U.S. cybersecurity laws after recent headline-grabbing hacking attacks against companies like Sony Pictures, Home Depot and Target.
  
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• Integro Promotes Crain to Boston Operations Leader, Hires Lavery as Principal

  14-01-2015 18:11
  
  Insurance brokerage and risk management firm Integro has promoted Ethan Crain to Boston operations leader, and hired Peter Lavery as a principal in the Boston office. Crain succeeds Ruth Kilduff, who was appointed chairman of Integro USA in 2014 and …
  The article Integro Promotes Crain to Boston Operations Leader, Hires Lavery as Principal appeared first on Insurance Journal.
  
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• Virginia Judge Orders New Trial on Damages in Coal Contract Dispute

  14-01-2015 18:00
  
  A Virginia judge has ordered a new trial on damages in a coal contract dispute between Massey Energy and the owner of three defunct coal companies. In May 2014, a jury in Buchanan County, Virginia, awarded $4 million to Hugh …
  The article Virginia Judge Orders New Trial on Damages in Coal Contract Dispute appeared first on Insurance Journal.
  
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• Stateline Insurance Hires Dougherty as Commercial Lines Representative in R.I.

  14-01-2015 17:55
  
  Stateline Insurance & Financial Services, an independent agency in East Providence, Rhode Island, has hired Kellie Dougherty as commercial lines representative. Dougherty has over 10 years of experience in the insurance industry. She is a Certified Insurance Service Representative (CISR) …
  The article Stateline Insurance Hires Dougherty as Commercial Lines Representative in R.I. appeared first on Insurance Journal.
  
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• Stateline Insurance Hires Dougherty as Commercial Lines Rep. in R.I.

  14-01-2015 17:55
  
  Stateline Insurance & Financial Services, an independent agency in East Providence, Rhode Island, has hired Kellie Dougherty as commercial lines representative. Dougherty has over 10 years of experience in the insurance industry. She is a Certified Insurance Service Representative (CISR) …
  The article Stateline Insurance Hires Dougherty as Commercial Lines Rep. in R.I. appeared first on Insurance Journal.
  
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• Rand Paul: Disability Insurance Wasted On People With Anxiety And Back Pain - Huffington Post

  14-01-2015 17:43 via huffingtonpost.com
  
  Rand Paul: Disability Insurance Wasted On People With Anxiety And Back Pain
  Huffington Post
  Everybody over 40 has a little back pain.” Rand's comment comes as congressional Republicans are poised to push reforms to the Social Security Disability Insurance program, the little brother of the much larger Social Security retirement insurance program.
  
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• Insurer CEOs say success depends on smart risk selection

  14-01-2015 17:39
  NEW YORK — Increased capacity in the property/casualty market is putting more pressure on insurers and reinsurers, and they will need to adapt their operating strategies in order to succeed, a group of senior executives from across the sector said.
  
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• 3 Executives Charged in West Virginia Chemical Spill Plead Not Guilty

  14-01-2015 17:33
  
  Three executives charged in last January’s West Virginia chemical spill have pleaded not guilty in federal court. The pleas came a day after an FBI affidavit was unsealed, saying Freedom Industries knew about critical flaws at its Charleston plant more …
  The article 3 Executives Charged in West Virginia Chemical Spill Plead Not Guilty appeared first on Insurance Journal.
  
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• Penn. Gov.-Elect Wolf Appoints Miller to Lead Insurance Department - Insurance Journal

  14-01-2015 17:32 via insurancejournal.com
  
  Penn. Gov.-Elect Wolf Appoints Miller to Lead Insurance Department
  Insurance Journal
  Miller is an attorney and former administrator of Oregon Insurance Division. She will succeed Pennsylvania's current insurance commissioner, Michael Consedine, who will leave the Insurance Department after Gov.-elect Wolf's inauguration on Jan. 20.
  
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• About 65% of workers comp costs traced to top five injury types

  14-01-2015 17:31
  The five leading causes of workplace injuries accounted for about 65% of workers compensation costs in 2012, according to new research by Liberty Mutual Group Inc.
  
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• Florida Approves Removal of 93,500 Policies from Citizens

  14-01-2015 17:30
  
  The Florida Office of Insurance Regulation has approved the removal of up to 93,000 personal residential policies and 500 commercial residential polices from Citizens Property Insurance Corp. as part of the state’s ongoing effort to reduce the number of policies …
  The article Florida Approves Removal of 93,500 Policies from Citizens appeared first on Insurance Journal.
  
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• Novant offers health insurance help - Charlotte Observer

  14-01-2015 17:20 via charlotteobserver.com
  
  Charlotte Observer
  Novant offers health insurance help
  Charlotte Observer
  Novant Health is hosting three health insurance sign-up events around Mecklenburg County as the 2015 enrollment period for subsidized coverage enters its final month. People who don't have insurance can buy it on the federal exchange, www.
  
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• Detroit’s soaring auto insurance costs add roadblock to comeback

  14-01-2015 17:18
  Lawrence Williamson moved three years ago from Macon, Georgia, to Detroit and paid $17,000 for a 4,500- square-foot historic-district limestone house at a tax sale. Then he suffered sticker shock when his car insurance premium tripled.
  
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• Barney & Barney in California Names Berk Chief Financial Officer

  14-01-2015 17:12
  
  San Diego, Calif.-based Barney & Barney Insurance Services LLC has named Steven Berk its new chief financial officer. Berk assumes CFO responsibilities from Hal Dunning, who has served as both CFO and Chief Operating Officer of Barney & Barney since …
  The article Barney & Barney in California Names Berk Chief Financial Officer appeared first on Insurance Journal.
  
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• Check Up on Your Homeowners Insurance - Kiplinger Personal Finance

  14-01-2015 16:55 via kiplinger.com
  
  Check Up on Your Homeowners Insurance
  Kiplinger Personal Finance
  The amount of homeowners insurance you need is based on the cost to rebuild your house, not the market value. Even if housing values in your area have gone down, the cost of building materials may have increased, which would boost the replacement cost ...
  Why It Takes So Long For Insurance Carriers To Respond To A Claim — And ...Mondaq News Alerts (registration)
  
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• Deadline looms for those without health insurance - Indianapolis Star

  14-01-2015 16:54 via indystar.com
  
  Indianapolis Star
  Deadline looms for those without health insurance
  Indianapolis Star
  The single father knew about the health insurance marketplace enrollment period thanks only to his young son. A few months ago when his son came to live with him from out-of-state, the man sought help getting the boy insurance from a St. Vincent Health ...
  Deadlines approaching for Affordable Care Act insuranceLas Vegas Sun
  Health insurance enrollment up since Nov. 15Fayetteville Observer
  About 41000 enro
  
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• President Urges Congress to Pass Bipartisan Cybersecurity Legislation

  14-01-2015 16:52
  
  President Barack Obama sought to rally Congress to pass stalled U.S. cybersecurity legislation, an effort that may face obstacles as tensions with key Republicans quickly began to surface. Obama announced Tuesday revised legislation that would give companies legal protections for …
  The article President Urges Congress to Pass Bipartisan Cybersecurity Legislation appeared first on Insurance Journal.
  
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