Insurance news

• Prevent Another Ebola With Insurance Plan, World Bank Head Says - NBCNews.com

  27-01-2015 23:20 via nbcnews.com
  
  NBCNews.com
  Prevent Another Ebola With Insurance Plan, World Bank Head Says
  NBCNews.com
  The world needs some kind of insurance plan to help countries defend against the next pandemic and prevent disasters like the Ebola epidemic in West Africa, World Bank President Jim Yong Kim said Tuesday. Ebola just passed the 22,000 mark in Liberia, ...
  World Bank: insurance-style global facility could tackle future pandemicsPublic Finance International
  Africa agency to offer insurance against EbolaFin
  
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• Oregon Man Sues Walmart Over Gas Can Explosion

  27-01-2015 22:44
  
  A Coos County, Ore. man badly burned when he poured gasoline on a fire is suing Walmart, claiming the gas can he bought there was defective. The Register-Guard reported Daniel Rowlett is seeking $13 million. He says Walmart sold him …
  The article Oregon Man Sues Walmart Over Gas Can Explosion appeared first on Insurance Journal.
  
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• CIA-Leavitt Acquires Colorado Springs Accounts From Brown and Brown

  27-01-2015 22:42
  
  CIA-Leavitt Insurance Agency has acquired the Colorado Springs, Colo. clients from Brown & Brown Insurance, which closed its local office. This change will not affect current policies, and to help ease the transition Karen Beitz from Brown & Brown has …
  The article CIA-Leavitt Acquires Colorado Springs Accounts From Brown and Brown appeared first on Insurance Journal.
  
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• Smart Insurance Solutions in Montana Merges With Leavitt Great West

  27-01-2015 22:41
  
  Smart Insurance Solutions in Kalispell, Mont. has merged with Leavitt Great West Insurance Services. Terms of the deal were not disclosed. The merger expands the Leavitt Group’s footprint in Montana. Leavitt Group’s Great West offices were formed when Taylor-Leavitt Insurance …
  The article Smart Insurance Solutions in Montana Merges With Leavitt Great West appeared first on Insurance Journal.
  
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• East Hollywood Has California's Most Expensive Car Insurance - Curbed LA

  27-01-2015 22:29 via la.curbed.com
  
  Curbed LA
  East Hollywood Has California's Most Expensive Car Insurance
  Curbed LA
  Glendale, previously California's reigning champ for most expensive car insurance, has been unseated, according to a survey done by the quote comparison website CarInsurance.com, via the LA Times. In this latest survey, they didn't even make the top four.
  
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• IA&B Adds to Sales Center Staff in Pennsylvania

  27-01-2015 22:26
  
  Insurance Agents & Brokers (IA&B), a tri-state trade organization based in Mechanicsburg, Pennsylvania, hired John Angstadt as business development specialist and Cheryl Shiffer as professional lines account manager for its Sales Center. Angstadt comes to IA&B with 13 years of …
  The article IA&B Adds to Sales Center Staff in Pennsylvania appeared first on Insurance Journal.
  
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• Lawley Expands Into Connecticut With Merger of DFM Insurance

  27-01-2015 21:26
  
  Lawley Insurance, an independent insurance agency headquartered in Buffalo, New York, will expand into Connecticut through a merger with DFM Insurance Inc. based in Darien, Connecticut. Terms of the transaction were not disclosed. DFM Insurance will formally be known as …
  The article Lawley Expands Into Connecticut With Merger of DFM Insurance appeared first on Insurance Journal.
  
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• Public exchange enrollment tops 9.5 million

  27-01-2015 21:14
  More than 9.5 million individuals signed up for health insurance plans through the federal and state exchanges during the first nine weeks of the 2015 open enrollment season, the U.S. Department of Health and Human Services reported Tuesday.
  
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• XL Expands German Professional Indemnity Offering With Heienbrok Appointment

  27-01-2015 21:11
  
  XL Group has expanded its professional indemnity offering in the German market with the appointment of Jens Heienbrok as professional indemnity manager. XL Group said it made this strategic appointment because the market for professional indemnity insurance cover in Germany …
  The article XL Expands German Professional Indemnity Offering With Heienbrok Appointment appeared first on Insurance Journal.
  
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• Cyber risk management course offered by The Institutes

  27-01-2015 20:57
  The Institutes on Tuesday said it has launched a course focused on mitigating cyber risk exposures and responding to cyber threats.
  
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• Willis names North America casualty broking chief

  27-01-2015 20:44
  
  Willis North America Inc. on Tuesday announced the appointment of Joe Peiser as head of casualty broking.
  
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• Data breach loss capped at $500,000

  27-01-2015 20:42
  A St. Louis-based supermarket chain has a $500,000 cap on how much it must pay for a data breach it suffered in 2012 and 2013, says a federal court in a case filed by the retailer against its payments processor and merchant bank.
  
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• Worker keeps big negligence award in Texas comp case

  27-01-2015 20:27
  
  A Texas appellate court has affirmed a $5.3 million liability judgment against a Texas workers compensation nonsubscriber that was deemed negligent in the case of an injured employee.
  
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• Texas worker can keep million-dollar liability award, appeals court rules

  27-01-2015 20:27
  
  A Texas appellate court has affirmed a $5.3 million liability judgment against a Texas workers compensation nonsubscriber that was deemed negligent in the case of an injured employee.
  
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• Clark Insurance Acquires James L. Cooney Agency in Massachusetts

  27-01-2015 20:17
  
  Clark Insurance, an employee-owned independent insurance agency with offices in Maine and New Hampshire, has acquired the James L. Cooney Insurance Agency of Lowell, Massachusetts. Terms of the transaction were not disclosed. The James L. Cooney Insurance Agency began business …
  The article Clark Insurance Acquires James L. Cooney Agency in Massachusetts appeared first on Insurance Journal.
  
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• Climate-linked insurance could help poor farmers offset crop failure risk - Al Jazeera America

  27-01-2015 19:47 via america.aljazeera.com
  
  Climate-linked insurance could help poor farmers offset crop failure risk
  Al Jazeera America
  Small-plot farming can be a risky business with livelihoods dependent on increasingly unpredictable weather, but new research suggests that the growth of climate-linked insurance schemes could help protect poor farmers against bad harvests.
  
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• Florida Governor Eyes Louisiana Official to Replace Insurance Chief McCarty

  27-01-2015 19:42
  
  Florida Governor Rick Scott is looking for a replacement for the state’s top insurance regulator and has already contacted a potential candidate from Louisiana. Scott’s office has confirmed that the governor contacted Ron Henderson, Louisiana deputy insurance commissioner for consumer …
  The article Florida Governor Eyes Louisiana Official to Replace Insurance Chief McCarty appeared first on Insurance Journal.
  
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• Natural disaster policy attracts new congressional attention

  27-01-2015 19:35
  A public debate over federal disaster policy needs to begin in order to determine how best to respond to natural disasters, the chairman of a House panel dealing with emergency management issues said Tuesday.
  
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• Asia’s Top-Performing Hedge Fund Bullish About China Insurers

  27-01-2015 19:29
  
  Asia’s top-performing hedge fund is holding on to yuan shares of Chinese insurance and utilities companies, even after the Shanghai Composite Index surged 53 percent in 2014. Monetary easing in China will help bolster investment-linked insurance sales and make the dividend yields of …
  The article Asia’s Top-Performing Hedge Fund Bullish About China Insurers appeared first on Insurance Journal.
  
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• Insurance companies bracing for calls, claims - Boston Globe

  27-01-2015 19:29 via bostonglobe.com
  
  Insurance companies bracing for calls, claims
  Boston Globe
  In the days and weeks that follow this blizzard, local insurance companies and agents say they expect a surge of phone calls as homeowners, businesses, and drivers try to recoup losses from snow, wind and water damage. The storm was expected to dump ...
  
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• Blizzard Sweeps Northeast U.S., New York Spared Its Brunt

  27-01-2015 19:13
  
  A blizzard swept across the northeastern United States on Tuesday, dropping as much as 2 feet (60 cm) of snow across Massachusetts and Connecticut even as its impact on New York City fell short of dire predictions. The governors of …
  The article Blizzard Sweeps Northeast U.S., New York Spared Its Brunt appeared first on Insurance Journal.
  
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• New Jersey Moving to Demolish Hundreds of Sandy-Damaged Homes

  27-01-2015 18:58
  
  New Jersey officials are moving to demolish hundreds of homes that were ravaged by Superstorm Sandy. State Community Affairs Department spokeswoman Tammori Petty tells the Daily Record that the agency is identifying the owners or lien holders of roughly 600 …
  The article New Jersey Moving to Demolish Hundreds of Sandy-Damaged Homes appeared first on Insurance Journal.
  
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• Royalties, please. Tom Petty, Sam Smith share coincidental tune

  27-01-2015 18:44
  Classic rocker Tom Petty and first-time Grammy nominee Sam Smith, an English singer and songwriter, have similar taste in melodies.
  
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• Navigating the Health Insurance Marketplace - Flathead Beacon

  27-01-2015 18:35 via flatheadbeacon.com
  
  Navigating the Health Insurance Marketplace
  Flathead Beacon
  Sitting at an open table at ImagineIF Library in Kalispell last week, Daniel Verardo knew he was facing the calm before the storm. As one of the certified application counselors specialized in helping people navigate the Health Insurance Marketplace ...
  
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• Brown & Brown profit drops on company's reinsurance exit

  27-01-2015 18:33
  Brown & Brown Inc. reported fourth quarter 2014 net income of $24.6 million, down 47.9% as earnings were hit by a $47.4 million charge as the firm exits its reinsurance brokerage business, the Daytona Beach, Florida-based brokerage said Tuesday.
  
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• Moped report stirs insurance debate - WRAL.com

  27-01-2015 18:32 via wral.com
  
  WRAL.com
  Moped report stirs insurance debate
  WRAL.com
  "All the citizens of your district are paying more for their uninsured (motorist) coverage because we don't require mopeds to have insurance," said Sen. Ralph Hise, R-Mitchell. Across the state, there were 833 accidents involving mopeds in the state ...
  
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• No deal on Enbridge pipeline insurance - Madison.com

  27-01-2015 18:31 via host.madison.com
  
  Madison.com
  No deal on Enbridge pipeline insurance
  Madison.com
  With a key meeting scheduled for Tuesday, no deal is pending between Dane County and Enbridge Energy Inc. to provide insurance to cover any spill from an underground pipeline already carrying a half-million barrels of tar sands crude daily through ...
  
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• Cooper Gay Swett & Crawford Launch MGA for Lumber, Building Materials Market

  27-01-2015 18:16
  
  Cooper Gay Swett & Crawford (CGSC) Group North America has launched The Insurance Center for Building Materials (ICBM), a new managing general agency addressing the risks associated with lumber and secondary forest products companies, as well as building materials manufacturers …
  The article Cooper Gay Swett & Crawford Launch MGA for Lumber, Building Materials Market appeared first on Insurance Journal.
  
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• Size matters in Bermuda as reinsurance deals heat up

  27-01-2015 18:09
  Insurance dealmaking is heating up as companies embrace a bigger-is-better philosophy.
  
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• Super Bowl means 77% increase in alcohol-related vehicle crashes in Calif.

  27-01-2015 18:03
  More drinking-related crashes happen in California on the day of the NFL championship than on any other Sunday in January and February.
  
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• In a Fender-Bender? Think Twice Before Filing an Insurance Claim - NBCNews.com

  27-01-2015 18:01 via nbcnews.com
  
  NBCNews.com
  In a Fender-Bender? Think Twice Before Filing an Insurance Claim
  NBCNews.com
  Think twice before filing an insurance claim over that fender-bender or other minor damage. It could cost you big time. One $2,000 property damage claim is enough to hike your auto insurance rate at renewal by an average 41 percent, according to new ...
  
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• AXIS Says Debt-Free Merger With PartnerRe Paves Way for More Deals

  27-01-2015 18:01
  
  The creation of one of the world’s largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.’s combination without taking on debt will leave the new firm with ample capacity to …
  The article AXIS Says Debt-Free Merger With PartnerRe Paves Way for More Deals appeared first on Insurance Journal.
  
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• Joan Rivers’ estate sues surgical center claiming negligence

  27-01-2015 17:59
  Joan Rivers’ estate sued the New York City surgical center where complications during a medical procedure led to the comedian’s death, saying it provided reckless and negligent treatment, violated her privacy and abandoned her when she needed emergency care.
  
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• Property/casualty insurance pricing dips in last quarter

  27-01-2015 17:58
  Pricing in the commercial property/casualty insurance market dipped slightly in the fourth quarter of 2014, a study released Tuesday by the Council of Insurance Agents & Brokers finds.
  
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• Am I Responsible If The Insurance Exchange Flubs My Subsidy? - NPR (blog)

  27-01-2015 17:51 via npr.org
  
  NPR (blog)
  Am I Responsible If The Insurance Exchange Flubs My Subsidy?
  NPR (blog)
  Our annual income is $41,000, from a combination of his Social Security disability insurance (SSDI) and a disability policy he had from a previous job. Last year I bought a single policy on the health insurance exchange. My husband gets coverage ...
  Am I Responsible If The Insurance Exchange Flubs My Subsidies?KUNC
  The Health Insurance Store expands services with ACA Tax SolutionsOrlando Business Journal
  Tax Seas
  
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• California Commission Fines PG&E $530K For Safety Violations

  27-01-2015 17:18
  
  The California Public Utilities Commission has fined Pacific Gas & Electric $530,000 for safety violations it says it found during audits that began in 2012. The commission says in a Friday statement that the fines include $430,000 for failing to …
  The article California Commission Fines PG&E $530K For Safety Violations appeared first on Insurance Journal.
  
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• Montana Man’s 11th DUI Gets 50 Years

  27-01-2015 17:16
  
  A 49-year-old Helena, Mont. man who has been convicted of 11 drunken driving offenses has been sentenced to 50 years in prison. The Independent Record reported District Judge Kathy Seeley sentenced Shawn Kevin Smaage last week, saying he would have …
  The article Montana Man’s 11th DUI Gets 50 Years appeared first on Insurance Journal.
  
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• California Suit Against Boy Scouts Could Reveal Sex Abuse Claims

  27-01-2015 17:14
  
  A sex abuse case claiming negligence against the Boy Scouts is getting underway in California and will include the use of previously undisclosed information from “perversion” files kept by the organization. The lawsuit was filed by a man who is …
  The article California Suit Against Boy Scouts Could Reveal Sex Abuse Claims appeared first on Insurance Journal.
  
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• Daley: Time for Citizens Property Insurance to shrink - Tallahassee.com

  27-01-2015 17:08 via tallahassee.com
  Daley: Time for Citizens Property Insurance to shrink
  Tallahassee.com
  Florida has a government-run entity called Citizens Property Insurance Corporation, which was created to insure consumers and small businesses who cannot find an insurer for their homes, garages, sheds, mobile homes and household contents. For those ...
  
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• TRIA, at long last

  27-01-2015 17:01
  Extension of the terrorism insurance program should have been a slam-dunk, but it took a lot of hard work
  
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• Health care reform cuts nation's uninsured by nearly 20 million

  27-01-2015 17:00
  The 2010 health care reform law will make a huge dent in the number of Americans without health insurance, according to the latest estimates from congressional researchers.
  
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• Atwater: Stress Tests May Instill Confidence in Insurance - WCTV

  27-01-2015 16:58 via wctv.tv
  
  WCTV
  Atwater: Stress Tests May Instill Confidence in Insurance
  WCTV
  Florida's homeowners' market has come to be dominated by smaller insurers who filled the vacuum left by the nation's largest insurance companies when they decided to limit policies in Florida after two years of major hurricanes in 2004 and 2005.
  Florida leaders give update on state's insurance industryWESH Orlando
  
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• Mutual Underwriters owners joining Old National Insurance - Louisville Business First

  27-01-2015 16:57 via bizjournals.com
  
  Louisville Business First
  Mutual Underwriters owners joining Old National Insurance
  Louisville Business First
  Jack Matthews, president of the Old National Insurance Louisville region, said in the release that adding Ball and Rassiga will help the firm. "With their experience and expertise, they make an already strong team even stronger, while also helping to ...
  
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• Lyft gains revenue momentum, plans first national ad campaign

  27-01-2015 16:56
  Lyft Inc. wants people to know that the company is on an upward trajectory, but the pink furry mustaches are going away.
  
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• Great New York City blizzard proves to be a dud as forecasts miss mark

  27-01-2015 16:48
  Reopen Broadway, start up the trains again and get the commuters back on the road. The great New York City blizzard of ’15 was, alas, a bust.
  
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• Oppenheimer to pay $20M over improper stock sales

  27-01-2015 16:46
  (Reuters) — Oppenheimer & Co. will pay $20 million to settle two U.S. government cases stemming from allegations the firm improperly sold penny stocks and ignored red flags.
  
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• Lee County backs away from insurance captive plan - The Albany Herald

  27-01-2015 16:42 via albanyherald.com
  Lee County backs away from insurance captive plan
  The Albany Herald
  ##LEESBURG — The Lee County Commission, by a split 3-2 vote, did an about face during a called meeting Monday on its strategy to combat rising health care costs. ##After initially agreeing to participate in a self-insurance captive recommended by its ...
  Lee Co. commission makes changes to insuranceWALB-TV
  
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• Singapore ups ante in cyber security fight

  27-01-2015 16:33
  (Reuters) — Singapore is gearing up for a crackdown on cyber crime with the launch of a central agency and the appointment of a minister in charge of cyber security, the government said on Tuesday, as the wealthy city-state grapples with a rise in...
  
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• Bucks County family accused of using massive insurance fraud scheme to ... - Bucks Local News

  27-01-2015 16:31 via buckslocalnews.com
  
  The Pennsylvania Record
  Bucks County family accused of using massive insurance fraud scheme to ...
  Bucks Local News
  22 announced the arrest of Claire Risoldi of Buckingham Township and four members of her family who allegedly conspired to defraud insurance companies in excess of $20 million to live an "excessively extravagant lifestyle." Two co-conspirators, Mark ...
  Bucks County attorney charged with massive insurance fraud schemeThe Pennsylvania Record
  Insurance fraud the famil
  
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• Around the Industry: January 27, 2015

  27-01-2015 16:30
  News from Glatfelter Insurance Group, USG Insurance Services, CGSW North America and more
  
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