Insurance news

• Consumer alert issued after arrest of former insurance agent - WTVA

  23-01-2015 23:47 via wtva.com
  
  WTVA
  Consumer alert issued after arrest of former insurance agent
  WTVA
  INDIANOLA, Miss. (WTVA) -- A representative for the Mid-Delta Insurance Agency in Sunflower County was arrested Friday for false pretense, and that has Commissioner of Insurance Mike Chaney on alert. The commissioner and the Mississippi Insurance ...
  Mid Issues Consumer Alert Following Arrest of Former Sunflower County ...WJTV
  
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• Former California Surplus Lines Chair Gibbs Loved Stories, Clients

  23-01-2015 23:38
  
  George N. Gibbs Jr. was a man who was famous in insurance circles for his ability to tell a good story, and those who knew him say he was passionate about protecting the interests of his clients. Gibbs died on …
  The article Former California Surplus Lines Chair Gibbs Loved Stories, Clients appeared first on Insurance Journal.
  
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• Activists hold Trans Health Insurance Forum at Gay City - CHS Capitol Hill Seattle

  23-01-2015 23:08 via capitolhillseattle.com
  
  CHS Capitol Hill Seattle
  Activists hold Trans Health Insurance Forum at Gay City
  CHS Capitol Hill Seattle
  Askini is speaking on a panel held last Saturday at the Trans Health Insurance Forum, orchestrated by the Coalition for Inclusive Healthcare. And she's laughing because, in the past five years, she's gone from decrying transgender diagnoses to ...
  
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• Mental illness disability claims require specialized input

  23-01-2015 22:40
  PHILADELPHIA — More often than not, effective management of disability insurance claims related to mental illness requires a specialized understanding of the comorbid relationships they share with physical medical conditions.
  
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• After fire, Avon family waits for insurance relief - St. Cloud Times

  23-01-2015 21:17 via sctimes.com
  
  St. Cloud Times
  After fire, Avon family waits for insurance relief
  St. Cloud Times
  AVON – Nine months after a fire destroyed their rural Avon home, Brian Abraham, his wife Jody and their 11- and 9-year-old children are still displaced. The family is now staying in the spare home of a relative along Upper Spunk Lake. Abraham says the ...
  
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• The 2015 Innovation Awards winners are …

  23-01-2015 21:14
  Business Insurance on Friday announced 10 winners of the 2015 Innovation Awards, the publication's recognition program for products and services designed for use by professional risk managers.
  
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• Microelectronic failures covered by Hartford Steam Boiler

  23-01-2015 21:09
  Engineering and technical risk insurer Hartford Steam Boiler Inspection & Insurance Co. has launched HSB TechAdvantage, an equipment breakdown and technology insurance that covers losses from microelectronic failures.
  
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• Insurance fraud the family business? - CBS News

  23-01-2015 20:48 via cbsnews.com
  
  CBS News
  Insurance fraud the family business?
  CBS News
  NEW HOPE, Pa. -- Five members of a Pennsylvania family, and two alleged co-conspirators, are facing charges for allegedly defrauding insurance companies out of millions of dollars, reports CBS Philly. Prosecutors say Claire Risoldi, 67, and her family ...
  Prominent Bucks family faces charges in alleged insurance fraud schemeInsurance News Net
  
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• The collision repair industry is antiquated. Here's how we're going to fix it.

  23-01-2015 20:20
  State government, industry and education collaborate to improve collision repair.
  
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• Porsche recalls 13,500 Cayennes, Panameras to fix fuel-seal flaw

  23-01-2015 19:52
  Porsche is recalling about 13,500 vehicles worldwide to fix a seal that may allow fuel to evaporate.
  
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• Wal-Mart settles with family of comedian killed in Tracy Morgan crash

  23-01-2015 19:08
  Wal-Mart Stores Inc. has reached a settlement with the family of the comedian killed in the crash that seriously injured comedian Tracy Morgan, the retailer said.
  
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• Willis promotes executives in China unit

  23-01-2015 19:00
  Willis Group Holdings P.L.C. on Friday said it has promoted three senior executives in its Willis China unit, effective Jan. 26.
  
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• XL's McGavick Receives St. John's 2014 Insurance Leader of the Year Award - Insurance Journal

  23-01-2015 18:41 via insurancejournal.com
  
  Insurance Journal
  XL's McGavick Receives St. John's 2014 Insurance Leader of the Year Award
  Insurance Journal
  The Insurance Leader of the Year Award, presented annually since 1995, recognizes the contributions of outstanding individuals whose leadership in the worldwide insurance and financial services industry sets them apart from their peers, the School of ...
  
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• Report: Former Cubs pitcher Ted Lilly charged with insurance fraud - Chicago Sun-Times

  23-01-2015 18:32 via chicago.suntimes.com
  
  Chicago Sun-Times
  Report: Former Cubs pitcher Ted Lilly charged with insurance fraud
  Chicago Sun-Times
  Retired Major League Baseball pitcher Ted Lilly has been charged with insurance fraud in San Luis Obispo County, according to KSBY in California. Lilly, 39, pleaded not guilty Tuesday to three separate charges filed by the San Luis Obispo County ...
  UPDATE: In insurance fraud case, state says damage to former MLB player's RV ...KSBY San Luis Obispo News
  Report: Ex-MLBer Ted Lilly charged w
  
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• Bank of England calls for lenders to shore up cyber defenses

  23-01-2015 18:21
  (Reuters) — Britain's banks must do more to protect themselves and the wider financial system from growing and evolving cyber crime, the Bank of England said Friday.
  
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• XL’s McGavick Receives St. John’s 2014 Insurance Leader of the Year Award

  23-01-2015 18:20
  
  St. John’s University’s School of Risk Management (SRM) in New York hosted its 20th Annual Insurance Leader of the Year Award Dinner on Jan. 21 in honor of Mike McGavick, chief executive officer of XL Group plc. The event, held …
  The article XL’s McGavick Receives St. John’s 2014 Insurance Leader of the Year Award appeared first on Insurance Journal.
  
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• Rate cut proposed by monopoly workers comp insurer

  23-01-2015 18:12
  The Ohio Bureau of Workers’ Compensation has proposed a 10.8% workers compensation advisory rate cut for private employers in the state.
  
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• Timken to buy Prudential annuity for pension benefits

  23-01-2015 17:38
  
  North Canton, Ohio-based bearings and power transmissions manufacturer The Timken Co. said it is buying a group annuity to provide pension benefits to about 5,000 retirees and their beneficiaries.
  
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• Wal-Mart Settles With Family of Comedian Who Died in N.J. Turnpike Crash

  23-01-2015 17:25
  
  Wal-Mart Stores Inc. reached a confidential legal settlement with the family of comedian James McNair, who died in a June 7 accident on the New Jersey Turnpike that also seriously injured actor-comedian Tracy Morgan. The settlement followed months of “often …
  The article Wal-Mart Settles With Family of Comedian Who Died in N.J. Turnpike Crash appeared first on Insurance Journal.
  
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• N.Y. Assembly Speaker Silver Accused of Running 15-Year Graft Scheme

  23-01-2015 17:20
  
  New York Assembly Speaker Sheldon Silver reaped millions of dollars in kickbacks in a 15-year conspiracy that involved medical referrals, real estate developers and law firms, the U.S. said. Silver, 70, used his position to refer asbestos cases from a …
  The article N.Y. Assembly Speaker Silver Accused of Running 15-Year Graft Scheme appeared first on Insurance Journal.
  
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• Pinnacol in Colorado Names Brannen Vice President of Human Resources

  23-01-2015 17:16
  
  Pinnacol Assurance in Colorado has named Barbara Brannen vice president of human resources. Brannen will oversee the company’s human resources and learning and organizational development areas. Brannen has 35 years of experience. Her previous roles include vice president of human …
  The article Pinnacol in Colorado Names Brannen Vice President of Human Resources appeared first on Insurance Journal.
  
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• Ex-Partner Defeats California’s Firm’s Bid for Personnel Records

  23-01-2015 17:09
  
  Kleiner Perkins Caufield & Byers, facing gender-bias claims by ex-partner Ellen Pao, may not get access to her performance reviews, complaints about her and other personnel records it sought from her other employers in a case that has focused attention …
  The article Ex-Partner Defeats California’s Firm’s Bid for Personnel Records appeared first on Insurance Journal.
  
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• Committee Advances Bill To Increase Wyoming Workplace Safety Fines

  23-01-2015 17:06
  
  A bill to increase penalties against Wyoming employers when safety violations result in worker fatalities has cleared its first hearing. The Senate Labor, Health and Social Services Committee on Wednesday recommended approval of the bill. Wyoming long has been among …
  The article Committee Advances Bill To Increase Wyoming Workplace Safety Fines appeared first on Insurance Journal.
  
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• Senior Market Presents Opportunities for Young Agent Specialists

  23-01-2015 16:54
  
  The graying of America could be a great opportunity for young entrepreneurs, including young insurance producers. As the nation’s population continues to gray, the people who work in the many businesses and organizations that serve seniors are themselves getting older …
  The article Senior Market Presents Opportunities for Young Agent Specialists appeared first on Insurance Journal.
  
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• In Davos, Big Insurers Embrace 'Micro' Insurance - Businessweek

  23-01-2015 16:49 via businessweek.com
  PropertyCasualty360
  In Davos, Big Insurers Embrace 'Micro' Insurance
  Businessweek
  Eight big insurers, brokers, and reinsurers in Davos announced the creation of a group to support "micro" insurance, which is for people in the developing world who can't or don't get insurance through the regular market. This could be a big deal ...
  Global Insurers, Brokers Establish Micro Insurance ConsortiumInsurance Journal
  The insurance industry is coming together to help the develop
  
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• President of workers comp rating agency to retire

  23-01-2015 16:33
  
  Stephen J. Klingel, president and CEO of the National Council on Compensation Insurance Inc., plans to retire from his post in February 2016, the workers compensation ratemaking agency said Friday.
  
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• Who's Using What: January 23, 2015

  23-01-2015 16:18
  News from Valen Analytics, Nationwide, Guidewire, Hastings Mutual and more
  
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• Drone Pilot Who Challenged FAA Authority Settles

  23-01-2015 15:37
  
  The drone pilot who challenged the U.S. government’s authority over unmanned aircraft agreed to pay a reduced fine of $1,100 to settle his case. Raphael Pirker, a Swiss citizen who flew a small unmanned plane without government permission over the …
  The article Drone Pilot Who Challenged FAA Authority Settles appeared first on Insurance Journal.
  
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• U.S. Adds Automatic Braking to Recommended Car Safety Features

  23-01-2015 15:33
  
  The National Highway Traffic Safety Administration plans to add what it considers two “cutting-edge” automatic emergency braking systems to the recommended safety features included under its rating system for consumers. Transportation Secretary Anthony Foxx said  it is recommending two automatic …
  The article U.S. Adds Automatic Braking to Recommended Car Safety Features appeared first on Insurance Journal.
  
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• Willis China Unveils New Leadership Team to Drive Expansion

  23-01-2015 15:25
  
  Willis Group Holdings plc, the global risk adviser, insurance and reinsurance broker, has announced a group of internal promotions and moves to strengthen the Willis China leadership team. Mitchell Ma has been appointed as chairman of Willis China. Ma has been …
  The article Willis China Unveils New Leadership Team to Drive Expansion appeared first on Insurance Journal.
  
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• Gordon Ramsay burned by family business deal

  23-01-2015 15:17
  People risks are one of the biggest concerns that companies face, and superstar TV chef and restaurateur Gordon Ramsay recently found that even working with family members can pose a risk when he was saddled with a hefty legal bill.
  
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• The insurance industry is coming together to help the developing world

  23-01-2015 15:15
  The goal? To help build risk markets in underserved communities in emerging Asia, Latin America and Africa.
  
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• Trouble With State Health Connector's Call Centers Frustrates Insurance Seekers - WBUR

  23-01-2015 14:56 via commonhealth.wbur.org
  abc40
  Trouble With State Health Connector's Call Centers Frustrates Insurance Seekers
  WBUR
  “Each and every frustration is an unacceptable failure on our part,” says Maydad Cohen, who oversaw the roll-out of the state's new insurance website and the call centers that help people navigate the enrollment process. Cohen says the wait times are ...
  Enrollment low for those with expiring Commonwealth Care health insuranceBoston Business Journal (blog)
  Tens of thousands have picked, p
  
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• State lawmaker seeks to ban homeowner insurance link to dogs - WTNH

  23-01-2015 14:51 via wtnh.com
  
  WTNH
  State lawmaker seeks to ban homeowner insurance link to dogs
  WTNH
  HARTFORD, Conn. (AP) — A state lawmaker wants to make it illegal for insurance companies to inquire about or discriminate against a breed of dog when issuing a homeowners insurance policy in Connecticut. The Hartford Courant reports ...
  Lawmaker Hopes To End Homeowners' Insurance Discrimination Against Pit BullsHuffington Post
  State Rep. Wants To Take Dog Breed Out of Homeowners Policy EquationHartford Courant
  
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• Nervous flyer? Here are the 10 safest airlines for 2015

  23-01-2015 14:25
  AirlineRatings.com has released its list of the top 10 safest airlines and the top 10 safest low-cost airlines for 2015.
  
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• Obama’s Visit to India Ignites Nuclear Accident Liability Debate

  23-01-2015 14:20
  
  It’s a $182 billion question for India with no easy answer. That’s the estimated amount the country plans to spend on nuclear power plants to meet Prime Minister Narendra Modi’s pledge to provide around-the-clock electricity, and end the nation’s blackout …
  The article Obama’s Visit to India Ignites Nuclear Accident Liability Debate appeared first on Insurance Journal.
  
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• Tennessee’s Crichton Group Makes Staff Changes, Names New Partner

  23-01-2015 14:01
  
  The Crichton Group, an independent insurance agency in Middle Tennessee, has appointed a new partner and a new director of risk management. In addition, it has also added an account executive and an account manager to its team. The staff …
  The article Tennessee’s Crichton Group Makes Staff Changes, Names New Partner appeared first on Insurance Journal.
  
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• Kentucky Doctor Accused of Prescribing Drugs that Led to 5 Patient Deaths

  23-01-2015 13:58
  
  A doctor with offices in Louisville, Ky. and southern Indiana has been charged with prescribing pain medications that resulted in the deaths of five patients. The U.S. attorney’s office in Louisville said 47-year-old Jaime Guerrero was charged in a 32-count …
  The article Kentucky Doctor Accused of Prescribing Drugs that Led to 5 Patient Deaths appeared first on Insurance Journal.
  
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• Maine Labor Commissioner Expresses Opposition to OSHA Safety Program Changes

  23-01-2015 13:55
  
  Maine’s Commissioner of Labor Jeanne Paquette said Wednesday that the Maine Department of Labor is opposed to the Occupational Safety and Health Administration’s (OSHA) changes to the Safety and Health Achievement Recognition Program award (SHARP). Maine Gov. Paul R. LePage …
  The article Maine Labor Commissioner Expresses Opposition to OSHA Safety Program Changes appeared first on Insurance Journal.
  
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• Maine Expresses Opposition to OSHA’s SHARP Program Changes

  23-01-2015 13:55
  
  Maine’s Commissioner of Labor Jeanne Paquette said in a statement Wednesday that the state’s Department of Labor is opposed to the Occupational Safety and Health Administration’s (OSHA) changes to the Safety and Health Achievement Recognition Program award (SHARP). The SHARP …
  The article Maine Expresses Opposition to OSHA’s SHARP Program Changes appeared first on Insurance Journal.
  
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• Mississippi Residents, Lawmakers Pushing Bill to Disclose Insurance Costs by Area

  23-01-2015 13:53
  
  A group of lawmakers and residents from the Mississippi Gulf Coast are again pushing a bill that would require insurance companies to disclose, by geographic area, how much they are charging to insure property. The idea, which originated in Alabama, …
  The article Mississippi Residents, Lawmakers Pushing Bill to Disclose Insurance Costs by Area appeared first on Insurance Journal.
  
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• Travelers CEO Fishman Reduces Outside Activities Due To Health

  23-01-2015 12:40
  
  Travelers Cos. Chief Executive Officer Jay Fishman is reducing his activities that aren’t tied to the company after being diagnosed with a neuromuscular condition. “I have already begun to cut back fairly meaningfully on my non-Travelers commitments,” Fishman, 62, said …
  The article Travelers CEO Fishman Reduces Outside Activities Due To Health appeared first on Insurance Journal.
  
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• Health Insurance Mandate Creates New Tax Forms - DailyFinance

  23-01-2015 12:11 via dailyfinance.com
  
  DailyFinance
  Health Insurance Mandate Creates New Tax Forms
  DailyFinance
  Reporting your health insurance coverage begins on line 61 of Form 1040. "For the vast majority of Americans, tax filing under the Affordable Care Act will be as simple as checking a box to show they had health coverage all year," Treasury Secretary ...
  Tax returns to include health insurance questionsSioux Falls Argus Leader
  299750 state residents buy health insurance through exchangeTraverse City Record Eagle
  H
  
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• Global Insurers, Brokers Establish Micro Insurance Consortium

  23-01-2015 12:08
  
  A group of global insurance companies and brokers took advantage of the World Economic Forum meeting in Davos to announce that they have established a micro insurance consortium and micro insurance venture incubator (MVI). Among the companies taking part in …
  The article Global Insurers, Brokers Establish Micro Insurance Consortium appeared first on Insurance Journal.
  
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• U.K. at 'very significant risk' of terror attack by ISIS jihadists, official says

  23-01-2015 12:00
  U.K. Foreign Secretary Philip Hammond has said that the country is at a 'very significant risk' of a terror attack by ISIS jihadists, reported Daily Mail‎ citing BBC One.
  
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• Stock exchange commission recommends special insurance court

  23-01-2015 12:00
  The Securities and Exchange Commission of Pakistan has suggested the country's Law and Justice Commission form a specialized and independent insurance tribunal in Pakistan's Islamabad city, reports The Express Tribune.
  
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• Political unrest claims 31 lives, over 7,000 arrested

  23-01-2015 12:00
  More than 7,000 people have been arrested and 31 have died in political unrest in Bangladesh, CNN International reported.
  
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• Pilots and aviation workers' strike hits flight service

  23-01-2015 12:00
  A temporary strike by pilots and aviation workers in Brazil led to several flight cancellations and delays in the country, Daily Times reported.
  
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• Lloyd's awaits new insurance law before setting up shop in India

  23-01-2015 12:00
  Vincent Vandendael, director of international markets at Lloyd's of London, said that Lloyd's is awaiting the transformation of insurance ordinance into an Act in India as it looks to operate in a market that provides security and continuity, Business...
  
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• Liberty Holdings likely to close insurance deal in Nigeria by month’s end

  23-01-2015 12:00
  South Africa-based insurer Liberty Holdings Ltd. has said that it is likely to close an insurance deal in Nigeria by Jan. 31, Moneyweb.co.za reports.
  
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