Insurance news

• Commentary: Private insurance market is ready for flood options - Palm Beach Post

  30-01-2015 23:25 via palmbeachpost.com
  
  Palm Beach Post
  Commentary: Private insurance market is ready for flood options
  Palm Beach Post
  When the head of the Federal Emergency Management Agency says that U.S. government disaster aid and insurance programs are unsustainable, it's time to listen. That's exactly what FEMA Director Craig Fugate told the crowd on Jan. 15 at the 2015 State of ...
  
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• Commentary: End the Cabinet monopoly; save insurance regulator - Palm Beach Post

  30-01-2015 23:25 via palmbeachpost.com
  
  Palm Beach Post
  Commentary: End the Cabinet monopoly; save insurance regulator
  Palm Beach Post
  Sean Shaw is a former Florida insurance consumer advocate and founder of the Policyholders of Florida. Here's what we know about Kevin McCarty: Gov. Rick Scott is finished with him. He doesn't want McCarty to regulate the insurance industry any longer.
  Sean Shaw: End the Cabinet monopoly, save insurance regulatorGainesville Sun
  
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• No Insurance, No Ambulance In Old Forge - wnep.com

  30-01-2015 23:13 via wnep.com
  
  No Insurance, No Ambulance In Old Forge
  wnep.com
  OLD FORGE — An ambulance service in Lackawanna County has been shut down because it's been operating without some necessary insurance. The problem is plaguing the borough of Old Forge but EMTs say affording insurance is a problem for all local ...
  OF ambulance company 'not operational' after officials discover insurance issueScranton Times-Tribune
  
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• Milledgeville insurance office sold while under state scrutiny - Macon Telegraph (blog)

  30-01-2015 23:12 via macon.com
  Milledgeville insurance office sold while under state scrutiny
  Macon Telegraph (blog)
  MILLEDGEVILLE -- The state inquiry continues into Wilkinson Insurance, but the agency is no longer owned by Milledgeville Mayor Richard Bentley, according to investigators. Within the last two weeks, Craig Massee Insurance, also of Milledgeville ...
  
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• Two Arrested for Insurance Fraud in Madison County - WJTV

  30-01-2015 23:01 via wjtv.com
  
  Two Arrested for Insurance Fraud in Madison County
  WJTV
  Jackson, MS—A Tchula woman and a Madison man have been arrested for insurance fraud in Madison County, announced Attorney General Jim Hood today. Paula Jordan Sharpe, 57 of Tchula and Shamel Cobbins, 38 , of Madison were arrested Thursday ...
  Two arrested for insurance fraudMississippi News Now
  
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• Business Insurance webinar addresses health care reform compliance

  30-01-2015 22:40
  
  Employers should prepare to comply with new health benefits requirements under the Patient Protection and Affordable Care Act, speakers said during a new Business Insurance webinar.
  
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• Networked Names Hayes Vice President in Southern California

  30-01-2015 21:51
  
  Grass Valley, Calif.-based Networked Insurance Agents has named Phyllis Hayes sales vice president. Hayes will be the key point of contact for independent agency members in the Los Angeles County, Ventura County, San Fernando Valley and Bakersfield areas. In her …
  The article Networked Names Hayes Vice President in Southern California appeared first on Insurance Journal.
  
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• Pelissier Named Partner at Woodruff-Sawyer in California

  30-01-2015 21:40
  
  Woodruff-Sawyer & Co. has named Jared Pelissier a partner and senior vice president in the Southern California office. Pelissier specializes in management liability and cyber liability risks for companies of all sizes across a variety of industries. Since joining the …
  The article Pelissier Named Partner at Woodruff-Sawyer in California appeared first on Insurance Journal.
  
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• Dating site paid hacker to not sell stolen data

  30-01-2015 21:27
  
  (Reuters) — Topface, one of the world's largest dating websites, said it has paid a hacker an undisclosed sum to stop trying to sell about 20 million email addresses stolen from the Russian company.
  
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• Ex-NFL lineman defends his comp award despite 'Survivor' stint

  30-01-2015 21:22
  
  A former football star is taking to the airwaves and flexing his muscles to prove he didn't commit insurance fraud.
  
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• Captive insurer count up in South Carolina, Arizona

  30-01-2015 21:06
  
  South Carolina and Arizona reported significant growth in captive insurer formations in 2014.
  
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• T-Mobile facing labor claim despite address mix-up

  30-01-2015 20:23
  
  A New York state appellate court has ruled in favor of a construction worker who misidentified the location of his accident when he filed a labor law claim.
  
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• 1970 sex discrimination guidelines getting 2015 look

  30-01-2015 20:10
  
  Proposed new U.S. Department of Labor sex discrimination guidelines for federal contractors to follow — the first update since 1970 — were published Friday in the Federal Register.
  
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• Validus credits diversification for improved fourth quarter

  30-01-2015 19:12
  
  Pembroke, Bermuda-based Validus Holdings Ltd. posted strong fourth-quarter financial results as its efforts to diversify its business beyond the competitive reinsurance and London markets gather steam.
  
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• California Judge Questions Lyft’s Refusal to Pay Drivers as Employees

  30-01-2015 18:52
  
  Lyft Inc.’s practice of treating drivers as independent contractors was questioned by a federal judge who said that under California law they may be considered employees who would qualify for minimum wage and other benefits. A lawsuit by Lyft drivers …
  The article California Judge Questions Lyft’s Refusal to Pay Drivers as Employees appeared first on Insurance Journal.
  
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• Lawsuit Against Union Pacific over Texas Veterans Parade Crash Begins

  30-01-2015 18:49
  
  A freight train that slammed into a parade float two years ago, killing four veterans and injuring 16 other people, came within 39 inches of missing the trailer, attorneys for both sides told a West Texas jury. A Midland County …
  The article Lawsuit Against Union Pacific over Texas Veterans Parade Crash Begins appeared first on Insurance Journal.
  
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• Investigators Say Christmas Tree Fueled Fatal Maryland Mansion Fire

  30-01-2015 18:39
  
  An electrical fire that spread to a 15-foot Christmas tree prompted a blaze that reduced a 16,000-square-foot riverfront mansion near Maryland’s capital to ruins, killing a couple and four of their young grandchildren, investigators said Wednesday. The fire ignited combustible …
  The article Investigators Say Christmas Tree Fueled Fatal Maryland Mansion Fire appeared first on Insurance Journal.
  
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• 5.7 Magnitude Earthquake Strikes Off Northern California Coast

  30-01-2015 18:34
  
  A moderate earthquake with a preliminary magnitude of 5.7 struck off the coast of Northern California on Jan. 28. The U.S. Geological Survey reports the quake shook at 1:08 p.m. about 40 miles southwest of Eureka. Lt. Wayne Hanson of …
  The article 5.7 Magnitude Earthquake Strikes Off Northern California Coast appeared first on Insurance Journal.
  
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• Arkansas Senate Votes to Continue ‘Private Option’ for Healthcare Insurance

  30-01-2015 18:31
  
  The Arkansas Senate has voted to continue the state’s compromise Medicaid expansion for another year and create a task force to look at alternatives for the hundreds of thousands of low-income Arkansas residents receiving coverage through the program. The Senate …
  The article Arkansas Senate Votes to Continue ‘Private Option’ for Healthcare Insurance appeared first on Insurance Journal.
  
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• 4 CAA Agencies Expand Through M&As

  30-01-2015 18:24
  
  Austin, Texas-based Combined Agents of America LLC (CAA) announced that member agencies have expanded their books of business and locations through mergers and acquisitions (M&A) over the last nine months. Together, four CAA members have grown their agencies by an …
  The article 4 CAA Agencies Expand Through M&As appeared first on Insurance Journal.
  
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• Willis exec tapped to run JLT Asia

  30-01-2015 18:18
  
  Jardine Lloyd Thompson Group P.L.C. has named a former Willis Group Holdings P.L.C. executive to lead its Jardine Lloyd Thompson Asia subsidiary, the firm said Friday.
  
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• North Carolina Will Face Insurance Upheaval If Supreme Court Rules ... - Forbes

  30-01-2015 18:15 via forbes.com
  
  The Courier-Journal
  North Carolina Will Face Insurance Upheaval If Supreme Court Rules ...
  Forbes
  Mark your calendars for March 4. Obamacare is headed to the high court yet again where oral arguments will question whether health insurance subsidies are legally being distributed to North Carolina and 35 other states that have set up federal exchanges.
  Court urged to keep insurance subsidies in Ind.The Courier-Journal
  Poll: Congress should restore insurance subsidies if Supreme Court rules ...PBS
  
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• Auto insurance Super Bowl ads pulled over 'blue balls' joke - New York Daily News

  30-01-2015 18:08 via nydailynews.com
  
  New York Daily News
  Auto insurance Super Bowl ads pulled over 'blue balls' joke
  New York Daily News
  As footballs take the spotlight ahead of the Super Bowl, another ball is causing a problem for game officials - "blue balls." NBC yanked a pair of Cure Auto Insurance's Super Bowl ads that joked about "blue balls," Cure said Thursday. Cure's ads, set ...
  
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• Car thieves target idling cars

  30-01-2015 18:04
  Cold weather creates a crime of opportunity.
  
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• How Small Businesses Can Save Money on Car Insurance - NerdWallet (blog)

  30-01-2015 17:59 via nerdwallet.com
  
  NerdWallet (blog)
  How Small Businesses Can Save Money on Car Insurance
  NerdWallet (blog)
  Whether you deliver newspapers or own a small business with a fleet of cars, if you use your vehicle for business purposes you probably need commercial insurance. Along with providing all the basic coverage that personal car insurance offers ...
  
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• Massachusetts Coastal Communities Hit Hard by Blizzard

  30-01-2015 17:55
  
  Some of the areas hardest hit by the blizzard that tore through Massachusetts were on the coastline, where oceanfront homes took the brunt of raging seas. In Marshfield, Massachusetts, officials were still assessing the damage but said at least four …
  The article Massachusetts Coastal Communities Hit Hard by Blizzard appeared first on Insurance Journal.
  
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• Lyft drivers may be entitled to employee benefits

  30-01-2015 17:53
  
  (Reuters) — A U.S. judge on Thursday said it was “very difficult” to decide whether drivers for smartphone-enabled car service Lyft are employees or independent contractors, but that California law appears to favor the drivers.
  
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• Infographic: Slips, trips & falls, by the numbers

  30-01-2015 17:53
  NU's "Chalkboard" reveals the painful truth about these slippery expenditures.
  
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• Conn. Regulators Recovered $6.3M for Policyholders, Taxpayers in 2014

  30-01-2015 17:45
  
  The Connecticut Insurance Department recovered approximately $6.3 million for policyholders and taxpayers in 2014, the state’s Deputy Insurance Commissioner Anne Melissa Dowling announced today. “Connecticut consumers rely on insurance to provide peace of mind for their homes, families and financial …
  The article Conn. Regulators Recovered $6.3M for Policyholders, Taxpayers in 2014 appeared first on Insurance Journal.
  
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• Lexington Product Recall Insurance Covers Celebrity Endorsement Risks - Insurance Journal

  30-01-2015 17:30 via insurancejournal.com
  
  Hollywood Reporter
  Lexington Product Recall Insurance Covers Celebrity Endorsement Risks
  Insurance Journal
  American International Group Inc.'s (AIG) Lexington Insurance has introduced Celebrity Product RecallResponse, a new insurance product designed to help customers respond to risks from a celebrity endorser's public fall from grace, scandal or unexpected ...
  New Insurance Protects Brands When Celebs Go BadHollywood Reporter
  Brands Can Now Buy Insurance to Protect Themselves If a
  
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• POM Wonderful loses bid to tout health benefits in ads

  30-01-2015 17:28
  
  (Reuters) — POM Wonderful cannot advertise that its pomegranate juice drinks treat or prevent heart disease or other ailments unless it has proof, a U.S. appeals court said on Friday in upholding an order by the Federal Trade Commission.
  
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• Traditional Homeowners coverage may not fit non-traditional households

  30-01-2015 17:28
  Homeowners and auto policies cover owners and their spouses--but not unrelated persons. Agents have a growing multitude of insurance consumers requiring professional advice and counsel, who no longer fit the “resident spouse” mold.
  
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• Chubb reports best quarterly combined ratio in six years

  30-01-2015 16:56
  
  Chubb Corp. posted its best quarterly combined ratio in the past six years in the fourth quarter of 2014, the Warren, New Jersey-based insurer said in an earnings release.
  
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• Chubb fourth-quarter profit falls 1.9% to $558M

  30-01-2015 16:56
  Chubb said fourth-quarter profit fell 1.9% as investment income declined.
  
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• Hank Greenberg calls decade-old fraud suit futile, waste of taxpayer money

  30-01-2015 16:47
  Ex-AIG Chairman Maurice “Hank” Greenberg said New York’s pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial next month.
  
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• Lexington Product Recall Insurance Covers Celebrity Endorsement Risks

  30-01-2015 16:40
  
  American International Group Inc.’s (AIG) Lexington Insurance has introduced Celebrity Product RecallResponse, a new insurance product designed to help customers respond to risks from a celebrity endorser’s public fall from grace, scandal or unexpected death. Celebrity Product RecallResponse covers certain …
  The article Lexington Product Recall Insurance Covers Celebrity Endorsement Risks appeared first on Insurance Journal.
  
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• AIG Introduces Product Recall Insurance to Cover Celebrity Endorsement Risks

  30-01-2015 16:40
  
  American International Group, Inc.’s (AIG) Commercial Insurance division has introduced Celebrity Product RecallResponse, a new insurance product designed to help customers respond to risks from a celebrity endorser’s public fall from grace, scandal, or unexpected death. Provided through AIG’s Lexington …
  The article AIG Introduces Product Recall Insurance to Cover Celebrity Endorsement Risks appeared first on Insurance Journal.
  
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• Motorcyclists lose control more than they’re rear-ended

  30-01-2015 16:35
  Motorcyclists may be their own worst enemy on the road.
  
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• Around the Industry: January 30, 2015

  30-01-2015 15:53
  News from Westfield Insurance, Willis North America, Aon Risk Solutions and more
  
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• Jardine Lloyd Thompson Announces Senior Employee Benefit Appointments

  30-01-2015 15:47
  
  London-based Jardine Lloyd Thompson Group plc announced several senior management appointments within its UK Employee Benefits business and JLT Asia. These appointments are subject to obtaining the appropriate regulatory approvals, where required. Mark Wood is retiring from his role as the CEO …
  The article Jardine Lloyd Thompson Announces Senior Employee Benefit Appointments appeared first on Insurance Journal.
  
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• Lindsay Lohan pitches car insurance in Super Bowl ad - WTOP

  30-01-2015 15:36 via wtop.com
  
  Lindsay Lohan pitches car insurance in Super Bowl ad
  WTOP
  WASHINGTON — Lindsay Lohan, who's had her share of alcohol and driving under the influence problems is starring in a Super Bowl ad for a car insurance company. Lohan dropped a big hint Tuesday on her Facebook page, with a video showing her ...
  
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• Top Vehicle Claims Trends from 2014

  30-01-2015 15:33
  
  The top five states in which a person was most likely to file an auto claim last year were all on the East Coast. December had the lowest volume of claims of any month. Those facts are just two of …
  The article Top Vehicle Claims Trends from 2014 appeared first on Insurance Journal.
  
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• Most On CA Exchange Sticking With Last Year's Plan - WebMD

  30-01-2015 14:53 via webmd.com
  Most On CA Exchange Sticking With Last Year's Plan
  WebMD
  Of the 944,000 people who were could renew their coverage for 2015 through Covered California, the state's health insurance exchange, 94 percent stayed in the same plan that they were in last year. About a third of them shopped for other plans ...
  
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• Pilots Disabled Critical Computers Just Before AirAsia Crash 

  30-01-2015 13:33
  
  The pilots of AirAsia Bhd. Flight 8501 cut power to a critical computer system that normally prevents planes from going out of control shortly before it plunged into the Java Sea, two people with knowledge of the investigation said. The …
  The article Pilots Disabled Critical Computers Just Before AirAsia Crash  appeared first on Insurance Journal.
  
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• UK may set deadline for insurance compensation claims - Reuters

  30-01-2015 13:28 via reuters.com
  
  Reuters
  UK may set deadline for insurance compensation claims
  Reuters
  LONDON (Reuters) - Britain's markets watchdog will consider imposing a deadline on customers claiming compensation for the mis-selling of loan insurance, potentially drawing a line under the country's costliest consumer finance scandal. The Financial ...
  UK Regulator Reviews Compensation of Mis-Sold Payment Protection InsuranceWall Street Journal
  
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• Democrats File Bill to Create U.S. Food Safety Agency

  30-01-2015 13:25
  
  U.S. lawmakers proposed a bill this week that would create a single food safety agency by bringing together the oversight functions of the Food and Drug Administration, U.S. Department of Agriculture and other agencies. Democratic Senator Richard Durbin from Illinois …
  The article Democrats File Bill to Create U.S. Food Safety Agency appeared first on Insurance Journal.
  
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• Children’s Toys Covered with Lead Paint Seized at Georgia Port

  30-01-2015 13:17
  
  Department of Homeland Security officials say more than 1,300 toys that could have exposed children to lead were seized by U.S. Customs and Border Protection at the Port of Savannah, Ga. Federal officials said in a statement that 1,320 children’s …
  The article Children’s Toys Covered with Lead Paint Seized at Georgia Port appeared first on Insurance Journal.
  
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• Local Regulations Prompt Uber to Stop Service in Alabama City

  30-01-2015 13:16
  
  The ridesharing service Uber has left Auburn, Ala. in its rearview mirror. The Opelika-Auburn News reported that the popular service that lets users book rides using a mobile app sent emails to drivers and customers last week announcing that it …
  The article Local Regulations Prompt Uber to Stop Service in Alabama City appeared first on Insurance Journal.
  
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• Metromile aims to fill UberX's insurance gap - SFGate

  30-01-2015 13:16 via sfgate.com
  
  SFGate
  Metromile aims to fill UberX's insurance gap
  SFGate
  Metromile, a San Francisco startup with “pay per mile” auto insurance, next month will become the first insurer in California to cover UberX drivers for both their personal rides and the time they are waiting for requests from paying passengers. “For ...
  Uber unveils pay-by-mile insurance coverage for its driversLos Angeles Times
  Uber Launches HIgh&Tech Insurance System For UberX DriversFast Company
  Metromile Launches Uber
  
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• USI Targets Southeast for Growth with Newly-Acquired Georgia Offices

  30-01-2015 13:15
  
  Following USI Insurance Services’ acquisition of two insurance brokerage offices in Savannah, Ga., from Wells Fargo Insurance and Willis North America, the USI Southeast region has announced it plans to aggressively grow this market through ongoing investment and future expansion. …
  The article USI Targets Southeast for Growth with Newly-Acquired Georgia Offices appeared first on Insurance Journal.
  
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