Insurance news

• Supreme Court to rule on same-sex marriage this term

  16-01-2015 22:54
  The U.S. Supreme Court will weigh the question of whether state-level bans on same-sex marriage violate the U.S. Constitution before the end of its current term.
  
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• Mining company settles derivative litigation for $137.5 million

  16-01-2015 21:51
  A mining company has reached a $137.5 million settlement of derivative litigation stemming from its 2013 acquisition of two firms in which some company directors and officers had been charged with conflict of interest.
  
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• What Canceling An Insurance Program Meant For Arizona's Kids - FiveThirtyEight

  16-01-2015 21:37 via fivethirtyeight.com
  
  What Canceling An Insurance Program Meant For Arizona's Kids
  FiveThirtyEight
  Arizona is the only state without a Children's Health Insurance Program (CHIP); the programs provide insurance to low-income children whose families earn too much to qualify for Medicaid. The report from Georgetown University's Center for Children and ...
  
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• Farmers Insurance to cover rideshare drivers between fares

  16-01-2015 21:13
  Farmers Insurance Group of Cos. has rolled out a rideshare drivers coverage endorsement in Colorado that addresses the state’s new insurance requirements for rideshare services.
  
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• Cyber-terrorists are targeting your cell phone right now

  16-01-2015 20:33
  A new wave of malware is causing havoc for cell phone users, and more good news.
  
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• Paving Company Owner, Wife, and Employee Charged with Insurance Fraud - Santa Barbara Independent

  16-01-2015 20:21 via independent.com
  
  Paving Company Owner, Wife, and Employee Charged with Insurance Fraud
  Santa Barbara Independent
  Their arrest was the result of an investigation by the California Department of Insurance Fraud Division, the Santa Barbara County District Attorney's Office, the Franchise Tax Board, the Employment Development Department, and the Division of Labor ...
  
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• Workers’ comp issues to watch in 2015

  16-01-2015 20:10
  Advances in medical treatment and lack of quality drug rehab programs are likely to increase costs in 2015.
  
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• Lawsuit: Should accused killer collect $1.5 million insurance claim? - The Denver Post

  16-01-2015 19:55 via denverpost.com
  
  Lawsuit: Should accused killer collect $1.5 million insurance claim?
  The Denver Post
  An insurance company is asking a federal judge to tell it how to handle a $1.5 million claim in the case of a man accused of shoving his wife to her death at Rocky Mountain National Park. American General of Texas on Thursday filed the suit in United ...
  
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• Arizona Rangers torn by strife over insurance, spending - azcentral.com

  16-01-2015 19:48 via azcentral.com
  
  Arizona Rangers torn by strife over insurance, spending
  azcentral.com
  Rangers, who carry pistols as primary weapons and batons or pepper spray as secondary weapons, conducted police and security services at public events for years without adequate liability insurance, according to Weber. Other Rangers dispute the ...
  
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• California tops in margin insurance sign-ups - Capital press

  16-01-2015 19:39 via capitalpress.com
  
  California tops in margin insurance sign-ups
  Capital press
  The new federal insurance program drew 50.4 percent of the nation's 47,273 dairy producers to sign up for basic coverage, guaranteeing a margin of $4 per hundredweight of milk between a national average milk price and a national average feed cost.
  
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• Frequency of workers comp indemnity claims in California continues to rise

  16-01-2015 19:06
  Workers compensation indemnity claim frequency in California continues to increase as most other states see a downward trend, according to the state’s Workers Compensation Insurance Rating Bureau.
  
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• Storm Slickens Virginia Roads, Troopers Respond to 344 Wrecks

  16-01-2015 18:56
  
  Virginia State Police report more than 300 wrecks across the state due to roads slickened by a winter storm. State police spokeswoman Corinne Geller says no injuries were reported in a majority of the wrecks. Geller says troopers responded to …
  The article Storm Slickens Virginia Roads, Troopers Respond to 344 Wrecks appeared first on Insurance Journal.
  
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• Target tries to pin breach costs on credit card issuers in latest legal move

  16-01-2015 18:53
  Credit card issuers themselves are responsible for any losses they sustained as a result of the Target Corp. breach, says the retailer, in a court filing Thursday in response to litigation filed by the financial institutions.
  
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• Court Upholds $5M Liability Cap in Indiana Stage Collapse Case

  16-01-2015 18:50
  
  The Indiana Court of Appeals has upheld the state’s $5 million cap on liability damages in a case brought by a 13-year-old Ohio girl who was hurt when a stage collapsed at the Indiana State Fair. A three-judge panel rejected arguments by …
  The article Court Upholds $5M Liability Cap in Indiana Stage Collapse Case appeared first on Insurance Journal.
  
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• Gillette sues former employees for divulging trade secrets

  16-01-2015 18:44
  (Reuters) — Procter & Gamble Co. unit Gillette filed a lawsuit against four former employees for disclosing trade secrets to ShaveLogic Inc., their current employer.
  
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• Ambers Named CEO by Vertafore Users Group, NetVU

  16-01-2015 18:38
  
  Kitty Ambers has been promoted to chief executive officer of the Network of Vertafore Users (NetVU). Ambers’ responsibilities as CEO include directing and improving NetVU operations; communicating with the executive committee, board of directors, staff and Vertafore management; and acting …
  The article Ambers Named CEO by Vertafore Users Group, NetVU appeared first on Insurance Journal.
  
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• North Dakota Insurance Commissioner Seeks Reduced Operating Budget

  16-01-2015 18:37
  
  Efficiencies at the North Dakota Insurance Department have led the state’s insurance commissioner to ask for a reduced operating budget for 2015 – 2017, the department announced. North Dakota Insurance Commissioner Adam Hamm testified before the Senate Appropriations Committee presenting …
  The article North Dakota Insurance Commissioner Seeks Reduced Operating Budget appeared first on Insurance Journal.
  
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• U.S. safety regulators open probe into new Jeep Cherokees after fire

  16-01-2015 18:34
  (Reuters) — U.S. safety regulators said on Friday they have opened an investigation into an estimated 50,415 newer Jeep Cherokee SUVs, a key model for the profitability of Fiat Chrysler Automobiles N.V.
  
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• Damages Denied in Iowa Whistleblower Case

  16-01-2015 18:31
  
  A former Lee County, maintenance supervisor cannot collect $186,000 in damages a jury awarded him for being fired by the county supervisors, the Iowa Court of Appeals has ruled. A three-member panel of the court, in a 2-1 decision issued …
  The article Damages Denied in Iowa Whistleblower Case appeared first on Insurance Journal.
  
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• Unemployment insurance doesn't just help the unemployed - PBS NewsHour

  16-01-2015 18:22 via pbs.org
  
  PBS NewsHour
  Unemployment insurance doesn't just help the unemployed
  PBS NewsHour
  The following summary was written by the NBER and doesn't necessarily reflect the views of Making Sen$e. We will tell you, however, what the takeway is: The expansion of unemployment insurance averted about 1.4 million foreclosures and $70 billion of ...
  
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• State shuts down unlicensed Southfield insurance agencies - Crain's Detroit Business

  16-01-2015 18:15 via crainsdetroit.com
  State shuts down unlicensed Southfield insurance agencies
  Crain's Detroit Business
  In a statement, DIFS said Coleman violated a variety of state insurance codes by selling insurance without a license, maintaining a website (rpminsurancegroup.com) to solicit insurance and issuing fraudulent auto polices through a fictitious company ...
  
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• Florida Broker AmPro to Open Tampa Office, Hires Smid as Senior Broker

  16-01-2015 18:10
  
  Florida-based American Professional Liability Underwriters, Inc. (AmPro) has added Gary Smid as a senior broker to its new office opening in Tampa. Smid has more than 18 years of insurance underwriting experience, including eight plus years as a professional liability …
  The article Florida Broker AmPro to Open Tampa Office, Hires Smid as Senior Broker appeared first on Insurance Journal.
  
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• 5 steps that agents and carriers can take right now to optimize the independent channel

  16-01-2015 18:10
  Agents and carriers can work together for mutually beneficial results. Here's how.
  
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• Texas Regulators Recover $32.4M in Premium Refunds, Claim Payments

  16-01-2015 18:06
  
  Consumer Protection staff for the Texas Department of Insurance (TDI) were able to recover $32.4 million for Texas consumers during the past year as a result of complaint resolution, the agency announced recently. The money came from premium refunds and …
  The article Texas Regulators Recover $32.4M in Premium Refunds, Claim Payments appeared first on Insurance Journal.
  
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• Felton Named Asst. VP – Marketing and Development at U.S. Risk Solutions

  16-01-2015 17:58
  
  Dallas-based managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., announced it has named Adam Felton as assistant vice president of marketing and development for U.S. Risk Solutions, its affinity group sales and servicing division. Felton will …
  The article Felton Named Asst. VP – Marketing and Development at U.S. Risk Solutions appeared first on Insurance Journal.
  
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• Another Setback for Sirius XM in Turtles Copyright Case

  16-01-2015 17:33
  
  A New York federal judge on Thursday largely rejected Sirius XM Holdings Inc’s request to reconsider her Nov. 14 decision in favor of members of the 1960s band The Turtles over the payment of royalties for songs made before 1972. …
  The article Another Setback for Sirius XM in Turtles Copyright Case appeared first on Insurance Journal.
  
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• OFF BEAT: New London insurance district skyscraper sheds bolts

  16-01-2015 17:31
  British insurers moving into a new London high-rise may be recalculating their risks after parts of three huge bolts plunged to the ground from the recently opened building.
  
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• Paying For Quake-Proofing Buildings Weighted by Los Angeles

  16-01-2015 17:28
  
  The Los Angeles City Council is mulling ways to pay for expensive retrofits of buildings in danger of collapsing during a major earthquake. Councilman Tom LaBonge said Wednesday he favors a state bond because strengthening at-risk apartments and other buildings …
  The article Paying For Quake-Proofing Buildings Weighted by Los Angeles appeared first on Insurance Journal.
  
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• Oregon City Fining Uber $2K A Day For Running Without License

  16-01-2015 17:26
  
  Eugene, Ore. fines against Uber now total $120,000 and are going up $2,000 a day that the ride-hailing business operates without a license. A lawyer for Uber says the license requirement does not apply because Uber does not own or …
  The article Oregon City Fining Uber $2K A Day For Running Without License appeared first on Insurance Journal.
  
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• Judge Approves Montana Diocese $16.4M Sex Abuse Settlement

  16-01-2015 17:24
  
  A federal bankruptcy judge has approved a reorganization plan for the Roman Catholic Diocese of Helena in Montana that includes a $16.4 million settlement for hundreds of people who sued over clergy sex abuse from the 1940s to the 1970s. …
  The article Judge Approves Montana Diocese $16.4M Sex Abuse Settlement appeared first on Insurance Journal.
  
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• Strong catastrophe bond market forecast for 2015

  16-01-2015 17:23
  The catastrophe bond market should remain strong in 2015 following a robust 2014 fourth quarter, according to a report released Friday by Aon Benfield Securities.
  
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• New Year, new health insurance? - WHIO

  16-01-2015 17:22 via whio.com
  
  New Year, new health insurance?
  WHIO
  Insurance plans can vary and can have minor coverage distinctions between plans. It may seem like one doctor takes your insurance, but it may not be your particular plan. Confirm that the doctor is in-network prior to visiting to avoid any unforeseen ...
  
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• Apple, Google settle U.S. poaching lawsuit for $415M

  16-01-2015 17:15
  (Reuters) — Four Silicon Valley companies including Apple Inc. and Google Inc.
  
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• HIIG acquires Elite Underwriting Services

  16-01-2015 17:05
  Houston International Insurance Group Ltd. has acquired Malvern, Pennsylvania-based Elite Underwriting Services.
  
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• Small businesses struggle to comply with health insurance requirement - Ktoo

  16-01-2015 17:02 via ktoo.org
  
  Ktoo
  Small businesses struggle to comply with health insurance requirement
  Ktoo
  Starting this month, businesses in Alaska with more than 100 full time workers have to provide health insurance. And under the Affordable Care Act “full time” is any employee who works more than 30 hours a week. Senator Lisa Murkowski is sponsoring ...
  
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• Do as I say, not as I do: Most law firms lack adequate cyber protection

  16-01-2015 17:00
  Marsh survey reveals many law firms have not assessed the effects of a security breach on their business, despite acknowledging the damages associated with cyber threats.
  
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• Increasing Customer Satisfaction Top Concern for P&C Insurance Executives - Insurance Networking News

  16-01-2015 16:56 via insurancenetworking.com
  
  Increasing Customer Satisfaction Top Concern for P&C Insurance Executives
  Insurance Networking News
  Increasing customer satisfaction, promoting growth and reducing costs top the challenges insurance executives face today, according to a new study from Genpact Limited, a global business process outsourcing and information technology services company.
  
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• Health care executives say health care reform is not going anywhere

  16-01-2015 16:56
  (Reuters) — U.S.
  
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• Secura Insurance promotes Dominick Mongarella to director of risk management

  16-01-2015 16:51
  Appleton, Wisconsin-based Secura Insurance Cos. has promoted Dominick Mongarella to director of risk management.
  
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• More banks targeted for mortgage securities fraud: N.Y. attorney general

  16-01-2015 16:43
  (Reuters) — New York's top law enforcement official said he plans to help bring more fraud cases against the world's biggest banks for selling shoddy mortgage-backed securities before the 2008 financial crisis.
  
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• British police arrest man over Christmas Xbox, Playstation hacks

  16-01-2015 16:40
  (Reuters) — British police said on Friday they had arrested a man in northwest England following the 2014 cyber attacks on Sony PlayStation and Microsoft Xbox systems.
  
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• Oregon Insurance Commissioner Laura Cali answers reader questions about ... - OregonLive.com

  16-01-2015 16:36 via oregonlive.com
  
  Glamour (blog)
  Oregon Insurance Commissioner Laura Cali answers reader questions about ...
  OregonLive.com
  We find that people who haven't had health insurance before have a lot of questions about how to use their coverage. Now that open enrollment happens every year, we also hear that many people don't realize that they can switch insurance companies or ...
  Health Insurance, Decoded: Why You Need to Register TODAY and More Must ...Glamour (blog)
  More Americans have health insurance
  
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• Missing AIG insurance executive dead, family says - CNN

  16-01-2015 16:30 via cnn.com
  
  CNN
  Missing AIG insurance executive dead, family says
  CNN
  (CNN) An AIG insurance company executive who'd been missing for a week is dead, his family said on a Facebook page Thursday evening. Omar Meza went missing after a company dinner last Thursday at the JW Marriott Desert Springs Resort & Spa in ...
  Family: Missing AIG insurance executive deadKSPR
  Family of missing California AIG insurance executive confirms his deathTheCelebrityCafe.com
  
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• Florida Court Upholds Workers’ Compensation ‘Exclusive Remedy’

  16-01-2015 16:26
  
  Florida’s insurers are breathing easier after the state’s high court ruled that the workers’ compensation law bars injured workers from seeking additional benefits in civil court. The Florida Supreme Court recently handed down a ruling in a case (Morales v. …
  The article Florida Court Upholds Workers’ Compensation ‘Exclusive Remedy’ appeared first on Insurance Journal.
  
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• Data breach costs not assessed at most law firms: Survey

  16-01-2015 16:25
  The vast majority of law firms view cyber security as one of the top 10 risks in their overall risk strategy but still have not assessed the potential cost of a data breach, says a survey.
  
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• LevelFirst, Church Mutual Partner on Coverage for Religious Marketplace

  16-01-2015 15:59
  
  Dallas-based wholesale insurance broker LevelFirst LLC has entered into an agreement with Church Mutual Insurance Co. to provide members of the Independent Insurance Agents of Texas with exclusive access to market-leading products for churches, schools, camps, conference centers, assisted living …
  The article LevelFirst, Church Mutual Partner on Coverage for Religious Marketplace appeared first on Insurance Journal.
  
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• West Virginia Judge Dismisses Parts Suit Against Body Shop, Liberty Mutual

  16-01-2015 15:55
  
  A Kanawha County, W. Va., judge has dismissed a lawsuit that accused a St. Albans body shop owner of illegally installing junkyard parts on new vehicles. Former Attorney General Darrell McGraw filed the lawsuit in 2011 against Greg Chandler’s Frame …
  The article West Virginia Judge Dismisses Parts Suit Against Body Shop, Liberty Mutual appeared first on Insurance Journal.
  
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• Top 10 Causes of Workplace Injuries

  16-01-2015 15:46
  
  Overexertion and falls account for more than $25 billion in workers’ compensation costs in the U.S. Being hurt by an object or equipment ranks third in workplace injury causes and claims costs in the Liberty Mutual Research Institute for Safety’s …
  The article Top 10 Causes of Workplace Injuries appeared first on Insurance Journal.
  
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• U.K.’s RSA Considers Sale of Middle East Business

  16-01-2015 15:31
  
  RSA Insurance Group plc is considering the sale of its Middle Eastern business as the U.K. insurer seeks to raise capital, people with knowledge of the matter said. RSA, whose operations span Europe, Asia, Latin America and Canada, is working …
  The article U.K.’s RSA Considers Sale of Middle East Business appeared first on Insurance Journal.
  
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• AXA ART Announces New Global Organizational Structure

  16-01-2015 15:18
  
  As part of its ongoing efforts to expand into new markets and bolster effective delivery of innovative product and service offerings to clients around the world, AXA ART announced it has structured its global operating presence into four regions: South-West …
  The article AXA ART Announces New Global Organizational Structure appeared first on Insurance Journal.
  
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