Insurance news

• Port Huron ranks in top 20 for affordable home insurance - Port Huron Times Herald

  29-01-2015 23:35 via thetimesherald.com
  
  Port Huron Times Herald
  Port Huron ranks in top 20 for affordable home insurance
  Port Huron Times Herald
  Port Huron residents pay less on the average to insure their homes than those in most other cities in Michigan, according to an independent personal finance study released last month. The average cost of insuring a home in Port Huron was $1,234 ...
  
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• Insurance Among Reasons Organizers End Wyoming Hot-Air Balloon Fest

  29-01-2015 22:31
  
  Organizers of an annual hot-air balloon festival in Wyoming have reluctantly decided to end the event after 19 years. Mikki Smith, organizing committee president, says the 12-member panel voted unanimously Jan. 21 to end the Wild West Balloon Fest in …
  The article Insurance Among Reasons Organizers End Wyoming Hot-Air Balloon Fest appeared first on Insurance Journal.
  
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• ISU Cormarc Tasman in California Formed with Merger

  29-01-2015 22:29
  
  ISU Cormarc Tasman Insurance Agency was recently formed by combining ISU Cormarc Insurance Services headquartered in Murrieta, Calif. with ISU Insurance Services Tasman in Ladera Ranch. The headquarters for the new agency will be in Murrieta. The office will serve both …
  The article ISU Cormarc Tasman in California Formed with Merger appeared first on Insurance Journal.
  
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• Organized Family Insurance Ring Busted in Southern California

  29-01-2015 22:24
  
  Detectives from the California Department of Insurance’s insurance fraud enforcement division arrested 15 Los Angeles area residents Thursday morning for allegedly staging auto collisions and filing more than $500,000 in fraudulent claims. Four suspects are still being sought, and an …
  The article Organized Family Insurance Ring Busted in Southern California appeared first on Insurance Journal.
  
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• Deloitte Insurance Report Keys in on Climate Change - Insurance Journal

  29-01-2015 22:15 via insurancejournal.com
  
  Deloitte Insurance Report Keys in on Climate Change
  Insurance Journal
  The potential impact of climate change on the insurance industry was important enough for consulting giant Deloitte Touche Tohmatsu Ltd. to include the topic as a significant part of its recent 2015 Property and Casualty Insurance Outlook. The bulk of ...
  
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• Deloitte Insurance Report Keys in on Climate Change

  29-01-2015 22:10
  
  The potential impact of climate change on the insurance industry was important enough for consulting giant Deloitte Touche Tohmatsu Ltd. to include the topic as a significant part of its recent 2015 Property and Casualty Insurance Outlook. The bulk of …
  The article Deloitte Insurance Report Keys in on Climate Change appeared first on Insurance Journal.
  
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• How Insurance Companies Still Discriminate Against the Sick - The Atlantic

  29-01-2015 22:00 via theatlantic.com
  
  The Atlantic
  How Insurance Companies Still Discriminate Against the Sick
  The Atlantic
  Obamacare was supposed to put an end to denying coverage based on pre-existing conditions. But a new study suggests insurers are finding ways to accomplish the same thing through drug pricing. Olga Khazan Jan 28 2015, 5:00 PM ET. Share on ...
  Insurance Companies Are Making Chronically Ill People Pay More For ...ThinkProgress
  Study: Insurance Companies Charge Sickest More for Drugs Under ACANewsmax.com
  
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• U.S. to Update Sex Discrimination Guidelines for Federal Contractors

  29-01-2015 22:00
  
  The U.S. Department of Labor is proposing to clarify federal contractors’ requirements to prohibit sex discrimination. The recommended changes would revise the Office of Federal Contract Compliance Programs’ guidelines to align with laws, court decisions and societal changes since they …
  The article U.S. to Update Sex Discrimination Guidelines for Federal Contractors appeared first on Insurance Journal.
  
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• US insurance regulators aim to improve consumer cybersecurity protections - Reuters

  29-01-2015 21:51 via reuters.com
  JD Supra
  US insurance regulators aim to improve consumer cybersecurity protections
  Reuters
  Jan 29 (Reuters) - The National Association of Insurance Commissioners has created a cybersecurity task force to increase protection of consumer information collected by insurers and held by state insurance departments as well as to monitor the cyber ...
  NAIC Tackles Insurers' CybersecurityInsurance Networking News
  
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• Hub Northeast Hires Killeen as First VP of Private Client Services

  29-01-2015 21:19
  
  Hub International Northeast, a division of Hub International Limited, has hired Lynn Killeen as first vice president of Private Client Services, focusing on further developing Hub’s family office practice. Based out of the firm’s New York City and Blue Bell, …
  The article Hub Northeast Hires Killeen as First VP of Private Client Services appeared first on Insurance Journal.
  
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• PlayStation hacking case draws fire from insurance industry backers

  29-01-2015 21:00
  The commercial general liability policy’s advertising injury provision was never intended to cover cyber risks, say two insurance organizations in papers filed in connection with litigation in Sony’s 2011 PlayStation Network hack.
  
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• Fight with employer bars worker from disability benefits

  29-01-2015 20:51
  An Ohio worker who quit his job on his first day of light-duty work is entitled to workers compensation benefits but not temporary total disability benefits, a divided Ohio Supreme Court ruled.
  
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• Safety regulators seek Takata air bag whistleblowers

  29-01-2015 20:40
  (Reuters) — U.S. vehicle safety regulators want to find whistleblowers with knowledge "of possible defects or any wrongdoing" by Takata Corp., stepping up pressure on the air bag maker whose products are linked to five deaths and dozens of injuries.
  
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• AIR Worldwide Reports on This Week’s Northeast Blizzard

  29-01-2015 20:39
  
  A blizzard in the Northeast this week primarily impacted eastern Long Island in New York, southeastern Connecticut, Rhode Island, eastern Massachusetts and Cape Cod and the islands, New Hampshire, and Maine, with record and near-record snowfall, high winds, and monumental …
  The article AIR Worldwide Reports on This Week’s Northeast Blizzard appeared first on Insurance Journal.
  
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• Syracuse insurance administrator looking to fill 55 new jobs - Syracuse.com

  29-01-2015 20:16 via syracuse.com
  
  Syracuse insurance administrator looking to fill 55 new jobs
  Syracuse.com
  Syracuse, N.Y. — POMCO, a fast-growing insurance administrator, has 55 new jobs to fill at its corporate headquarters in Eastwood. The company said the 55 new, full-time customer service jobs are the result of its recent growth of both local and ...
  
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• Did your celebrity endorser fall from grace? There's insurance for that

  29-01-2015 20:08
  An American International Group Inc. unit is offering limits of up to $5 million through a product designed to help policyholders respond to risks from a celebrity endorser’s fall from grace, scandal or unexpected death, the insurer said Thursday.
  
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• 7 dead in gas explosion at Mexico City hospital

  29-01-2015 19:36
  Dozens injured in blast that occurred in the children's and maternity hospital
  
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• Proposition Wagers Boost Super Bowl Betting

  29-01-2015 19:30
  
  Fullback James Develin has 20-1 odds of becoming the first Ivy League player to score a touchdown in Super Bowl history. Television announcers talking about whether the New England Patriots used deflated footballs also could win money for bettors. Develin …
  The article Proposition Wagers Boost Super Bowl Betting appeared first on Insurance Journal.
  
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• Millions of poor farmers to benefit from new type of insurance: study - Reuters

  29-01-2015 18:43 via reuters.com
  
  Reuters
  Millions of poor farmers to benefit from new type of insurance: study
  Reuters
  ROME (Thomson Reuters Foundation) - Governments from Mongolia to Nigeria are creating new forms of insurance to protect the developing world's small farmers, who are suffering especially badly from extreme weather events made worse by global ...
  Millions of small farmers to benefit from new type of insurance - studyThomson Reuters Foundation
  
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• MetLife to Provide ‘Complete’ Rideshare Insurance for Lyft Drivers in Colorado

  29-01-2015 18:43
  
  MetLife Auto & Home and Lyft, a nationwide transportation network company (TNC), have launched an auto insurance policy in Colorado tailored specifically for Lyft drivers that covers every stage of the trip. The growing use of ridesharing apps highlighted a …
  The article MetLife to Provide ‘Complete’ Rideshare Insurance for Lyft Drivers in Colorado appeared first on Insurance Journal.
  
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• New Englanders Facing Snowy ‘Big Dig’ After Blizzard

  29-01-2015 18:38
  
  New Englanders savaged by a blizzard packing knee-high snowfall and hurricane-force winds began digging out Wednesday, grudgingly praising forecasters who got grief from New Yorkers and others spared its full fury. The storm buried the Boston area in more than …
  The article New Englanders Facing Snowy ‘Big Dig’ After Blizzard appeared first on Insurance Journal.
  
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• Insurance Executive Leaves $20M to Pittsburgh Theological Seminary

  29-01-2015 18:34
  
  An insurance agent has left more than $20 million in his will to Pittsburgh Theological Seminary in Pennsylvania, the largest gift in the facility’s history. The Pittsburgh Post-Gazette reports the Presbyterian seminary announced the gift from Robert Thomson on Tuesday. …
  The article Insurance Executive Leaves $20M to Pittsburgh Theological Seminary appeared first on Insurance Journal.
  
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• Canopius refocuses on U.S. direct property business

  29-01-2015 18:24
  Canopius Group Ltd. plans to expand its U.S direct property business with the appointment of Bradley Winfield as head of US direct property, Canopius said Thursday.
  
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• Senate approves bill requiring insurance coverage for autism treatment - Atlanta Journal Constitution

  29-01-2015 18:17 via ajc.com
  
  Atlanta Journal Constitution
  Senate approves bill requiring insurance coverage for autism treatment
  Atlanta Journal Constitution
  With a unanimous decision, the Georgia Senate approved a bill on Thursday that would require insurance companies to provide autism treatment coverage for young children. The 54-0 vote echoed a unanimous vote on similar legislation approved by the ...
  Ga. Senate passes bill requiring insurance coverage for autism therapyNeighborNewspapers.com
  
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• Big banks must face currency rigging lawsuit

  29-01-2015 18:12
  (Reuters) — A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market.
  
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• Snow, snow…go away!

  29-01-2015 18:10
  Heavy snow exacerbates existing weaknesses in roofs.
  
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• Enstar unit buys workers comp insurer Companion

  29-01-2015 17:44
  A subsidiary of Bermuda-based Enstar Group Ltd. has acquired Companion Property & Casualty Insurance Co., a property/casualty, specialty and workers compensation insurer, for $218 million.
  
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• Wyoming Fracking Trade-Secret Justification Required Under Deal

  29-01-2015 17:41
  
  A legal settlement will require petroleum companies to provide justification when they ask Wyoming regulators to withhold from the public details about the chemical products they pump underground. Last year, the Wyoming Supreme Court sided with a landowners group and …
  The article Wyoming Fracking Trade-Secret Justification Required Under Deal appeared first on Insurance Journal.
  
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• Palmer Ace at Phoenix Open Will Cost Someone $50K

  29-01-2015 17:13
  
  If pro golfer Ryan Palmer makes a hole-in-one on the 16th hole at the Waste Management Phoenix Open today through Sunday, someone’s on the hook for $50,000. The hole-in-one policy is from Acersgolf.com, owned by Western Security Surplus Insurance Brokers …
  The article Palmer Ace at Phoenix Open Will Cost Someone $50K appeared first on Insurance Journal.
  
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• Nissan: That Hood May Open While Driving

  29-01-2015 17:13
  Car-maker will recall about 768,000 vehicles worldwide in two separate actions to fix a fire risk and hood that may open during driving.
  
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• 401(k) balances hit record high

  29-01-2015 17:08
  Fueled by a strong equities market, employees’ 401(k) plan account balances hit a record high at the end of last year, Fidelity Investments said in an analysis released Thursday.
  
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• Willis sells Scottish business to Clark Thomson

  29-01-2015 17:04
  Clark Thomson Insurance Brokers Ltd. will acquire Willis Group Holdings P.L.C.’s commercial business unit in Scotland, Willis and Clark Thomson announced Thursday.
  
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• Ace creates cyber risk business unit

  29-01-2015 16:56
  Ace Group Holdings Inc. has launched an independent cyber risk business unit to strengthen its local underwriting and risk management capabilities across European markets.
  
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• Texas Yogurt Company Founder Gets 5 Years in Prison for Arson

  29-01-2015 16:55
  
  The founder of a popular yogurt company is in prison after admitting he set the business ablaze in a fit of anger over investors’ handling of the company. The Dallas Morning News reports a judge has sentenced 56-year-old Edgar Diaz …
  The article Texas Yogurt Company Founder Gets 5 Years in Prison for Arson appeared first on Insurance Journal.
  
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• Ford pension plan funding holds steady in 2014

  29-01-2015 16:54
  
  The funded status of Ford Motor Co.’s pension plans remained unchanged in 2014 as strong investment returns offset lower interest rates, which increased the value of plan liabilities, the big automaker reported Thursday.
  
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• Consultant: Lafayette Parish Needs 15 Fire Stations

  29-01-2015 16:51
  
  A consultant says 15 additional fire stations are needed in unincorporated parts of Louisiana’s Lafayette Parish to protect citizens and keep insurance costs down. Tom Cassisa, a fire rating consultant hired by Lafayette Consolidated Government, presented the findings Tuesday of …
  The article Consultant: Lafayette Parish Needs 15 Fire Stations appeared first on Insurance Journal.
  
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• Calling the 'Option': Exploring alternatives to workers' comp

  29-01-2015 16:46
  Other states are looking at the results achieved through nonsubscription in Texas and Oklahoma, and wondering if an Option would work for them as well.
  
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• Chubb Sued for $60M by Owners of Ohio Mansion Destroyed by Fire

  29-01-2015 16:44
  
  The owners of a southwest Ohio mansion that burned to the ground last year are suing their insurance company for almost $60 million for allegedly not honoring their claims. Court documents show homeowners Jeffrey and Maria Decker filed the lawsuit …
  The article Chubb Sued for $60M by Owners of Ohio Mansion Destroyed by Fire appeared first on Insurance Journal.
  
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• Builders Association Sues over Minnesota’s Residential Sprinkler Law

  29-01-2015 16:41
  
  The Builders Association of the Twin Cities is suing the state over a new sprinkler mandate. The law which took effect requires a sprinkler system for all new homes that are 4,500 square feet or larger. The Builders Association says …
  The article Builders Association Sues over Minnesota’s Residential Sprinkler Law appeared first on Insurance Journal.
  
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• Workers comp doctors earn less under new California fee schedule

  29-01-2015 16:38
  Physicians providing consultations to injured workers under California’s workers compensation system saw a 31% decrease in payments in the first quarter of 2014 compared with the same period in 2013 due to changes in the state’s workers comp...
  
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• Workers comp doctors collect much less under new California fee schedule

  29-01-2015 16:38
  Physicians providing consultations to injured workers under California's workers compensation system saw a 31% decrease in payments in the first quarter of 2014 compared with the same period in 2013 due to changes in the state's workers comp fee schedule...
  
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• Pro Athletes Durant, Watt to Endorse Wisconsin-Based American Family Insurance

  29-01-2015 16:33
  
  Oklahoma Thunder forward Kevin Durant and Houston Texans defensive lineman J.J. Watt have signed endorsement deals with Madison, Wisconsin-based American Family Insurance, the company said. Durant, the NBA’s most valuable player last season, is the first NBA player American Family …
  The article Pro Athletes Durant, Watt to Endorse Wisconsin-Based American Family Insurance appeared first on Insurance Journal.
  
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• 4.2 Magnitude Quake Recorded in Northern Oklahoma

  29-01-2015 16:30
  
  A 4.2 magnitude earthquake shook part of Grant County in northern Oklahoma on Jan. 27. The U.S. Geological Survey says the 4.2 magnitude earthquake was recorded shortly before 10 a.m. about 13 miles south-southeast of Medford at a depth of …
  The article 4.2 Magnitude Quake Recorded in Northern Oklahoma appeared first on Insurance Journal.
  
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• By the numbers: 2014 will be a down year for Property & Casualty insurers

  29-01-2015 16:30
  Net income after taxes for private U.S. property and casualty (P&C) insurers for the first nine months of 2014 dropped by $5.1 billion to $37.7 billion, compared to $42.7 billion over the same time period in 2013.
  
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• Zehr Appointed VP, Segment Underwriting at CNA

  29-01-2015 16:25
  
  Chicago-based CNA Financial Corp. has appointed Jeff Zehr as vice president, segment underwriting. In this position, he will expand his responsibilities to include leadership and governance for the commercial lines products for both the financial institutions and the professional services customer segments. …
  The article Zehr Appointed VP, Segment Underwriting at CNA appeared first on Insurance Journal.
  
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• 7 facts you need to know about the super rich and wealth transfers

  29-01-2015 15:57
  The amount of money these individuals are due to pass on is large enough to purchase Apple Inc., the most valuable company in the world, seven times over. Learn how insurance advisers can aid in the transfer process.
  
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• Dartmouth College Considering Campus Ban on Serving Hard Liquor

  29-01-2015 15:52
  
  Dartmouth College is considering banning hard liquor on campus as part of a series of measures to curb student alcohol abuse and sexual assault. President Philip Hanlon is expected to propose the change in a speech Thursday, according to a …
  The article Dartmouth College Considering Campus Ban on Serving Hard Liquor appeared first on Insurance Journal.
  
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• The Most Expensive Los Angeles Neighborhoods For Car Insurance - LAist

  29-01-2015 15:42 via laist.com
  
  The Most Expensive Los Angeles Neighborhoods For Car Insurance
  LAist
  We all know that living in a car-dependent city has its fair share of problems. Besides sitting in traffic for countless hours during our work commute, we can tack on high car insurance costs as well in Los Angeles. According to a new survey, the ...
  
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• Florida Governor Eyes Louisiana Official to Replace Insurance Chief McCarty - Insurance Journal

  29-01-2015 15:31 via insurancejournal.com
  
  Insurance Journal
  Florida Governor Eyes Louisiana Official to Replace Insurance Chief McCarty
  Insurance Journal
  Scott's office has confirmed that the governor contacted Ron Henderson, Louisiana deputy insurance commissioner for consumer advocacy, as a possible replacement for Florida's current insurance commissioner, Kevin McCarty, who has headed the Office of ...
  Florida: End the cabinet monopoly, save state insurance regulatorSun Sentinel
  Atwater: Stress tests may instill confide
  
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