Insurance news

• Motel 6 fined over workers' needle-stick injuries

  02-02-2015 22:59
  
  The Washington state Department of Labor and Industries on Monday said it has fined a Motel 6 in Vancouver, Washington, $112,450 for exposing workers to used hypodermic needles.
  
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• President Has Crop Insurance in His Crosshairs - AgWeb (blog)

  02-02-2015 22:35 via agweb.com
  AgWeb (blog)
  President Has Crop Insurance in His Crosshairs
  AgWeb (blog)
  "Overly generous benefits have almost eliminated the risk in farming at a cost to taxpayers in the billions. The Budget includes reforms that are designed to reduce the distorting aspects of the program while maintaining its place as an insurance ...
  Budget Proposal Would Reform Broken Crop Insurance ProgramEnvironmental Working Group
  
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• Single-employer pension plans must provide annual funding notices

  02-02-2015 22:13
  
  Single-employer defined benefit plan sponsors covered by ERISA have new guidelines for annual funding notices in a final rule published Monday by the U.S. Department of Labor's Employee Benefits Security Administration.
  
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• San Quentin prison guard can sue over fall on walk to work

  02-02-2015 20:59
  
  A California prison guard who was injured after he fell while walking to work from his home that he rented from the state should be allowed to proceed with a tort lawsuit against his employer even though he received workers compensation for his injuries,...
  
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• White House targets reinsurance tax deduction

  02-02-2015 20:38
  
  The Obama administration is calling again to disallow the deduction for excess nontaxed reinsurance premiums paid to affiliates.
  
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• Standards-setting veteran to lead Institute of Risk Management

  02-02-2015 20:23
  
  The London-based Institute of Risk Management on Monday said it has appointed Ian Livsey as chief executive.
  
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• Ashley Furniture faces OSHA fines over worker injuries

  02-02-2015 20:14
  
  A major furniture manufacturer faces $1.8 million in fines from the U.S. Department of Labor's Occupational Safety and Health Administration because it experienced more than 1,000 work-related injuries over a 3½-year period, OSHA said Monday.
  
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• Florida Leads Insurance Sign-Ups, Despite Political Opposition To Overhaul - NPR (blog)

  02-02-2015 19:41 via npr.org
  
  NPR (blog)
  Florida Leads Insurance Sign-Ups, Despite Political Opposition To Overhaul
  NPR (blog)
  When Florida workers promoting President Obama's health law marketplace want instant feedback on how they're doing, they go to an online "heat map." The map turns darker green where they've seen the most people and shows bright red dots for areas ...
  Florida Is Leader in Private Health Insurance Sign-UpsNewsmax.com
  
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• Sorting Through the Auto, Life, Health Insurance Maze - Fox Business

  02-02-2015 19:41 via foxbusiness.com
  
  Fox Business
  Sorting Through the Auto, Life, Health Insurance Maze
  Fox Business
  When military members are preparing to deploy or move to a new duty station, there's always a long list of things to consider -- out processing, paying bills, making arrangements for family. The list goes on and on. While taking care of insurance ...
  
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• McCarty's days as Florida insurance commissioner are limited

  02-02-2015 19:13
  Gov. Rick Scott has confirmed that he is considering replacing McCarty, who has served as the Florida Insurance Commissioner since 2003.
  
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• General Star Upgrades Sexual Abuse & Molestation Coverage

  02-02-2015 18:58
  
  General Star Management Co. has made enhancements to its primary and excess standalone sexual abuse & molestation coverage for eligible applicants. The revised offering is available to all appointed Casualty Division wholesale brokers on a nationwide basis. Eligible exposures include, …
  The article General Star Upgrades Sexual Abuse & Molestation Coverage appeared first on Insurance Journal.
  
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• Ratings of Texas-Based Producers Agriculture Insurance Cos. Upgraded

  02-02-2015 18:45
  
  A.M. Best announced it has upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit ratings to “aa” from “a” of Producers Agriculture Insurance Co. (Pro Ag) and Producers Lloyds Insurance Co. (Producers Lloyds). Both are based in Amarillo, Texas. …
  The article Ratings of Texas-Based Producers Agriculture Insurance Cos. Upgraded appeared first on Insurance Journal.
  
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• Nationwide defends its position over controversial Super Bowl ad

  02-02-2015 18:43
  The insurer offered a statement this morning in defense of its message to protect children.
  
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• Rash of Fires Deemed Suspicious in Southern Illinois Town

  02-02-2015 18:38
  
  Authorities in southern Illinois are investigating half a dozen recent fires in the village of Marissa, including one that destroyed a local landmark serving as a museum to the area’s coal mining history. The blaze gutted the Academy Building Friday …
  The article Rash of Fires Deemed Suspicious in Southern Illinois Town appeared first on Insurance Journal.
  
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• Insurance Tips for High-Risk Policyholders - Nasdaq

  02-02-2015 18:37 via nasdaq.com
  
  Insurance Tips for High-Risk Policyholders
  Nasdaq
  When it comes to the adjective 'high,' much depends on the word that comes next. You want to be high value or high performing; you want to have high potential or be a high earner; and these days if you don't have a high-definition television, you just ...
  
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• Cost of Safety Mandate Places Missouri Passenger Rail Service at Risk

  02-02-2015 18:36
  
  The expense of installing mandated train collision avoidance technology is putting passenger service in Missouri at risk, according to the state Department of Transportation. The equipment, which is designed to override human error, is supposed to be in place by …
  The article Cost of Safety Mandate Places Missouri Passenger Rail Service at Risk appeared first on Insurance Journal.
  
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• Palomar Specialty, Civil Service Employees Insurance to Offer Earthquake Coverage

  02-02-2015 18:36
  
  Palomar Specialty Insurance Co. has partnered with Civil Service Employees Insurance Co. to offer a comprehensive residential earthquake solution for CSE’s customers. Palomar Specialty’s residential earthquake product will be offered through an online platform that is accessed by CSE’s agents. …
  The article Palomar Specialty, Civil Service Employees Insurance to Offer Earthquake Coverage appeared first on Insurance Journal.
  
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• Fatal Houston Fender-Bender Shows Shortcomings of Recalls

  02-02-2015 18:31
  
  By the time Carlos Solis IV laid eyes on the silver Honda Accord in a Texas used-car lot last April, the sedan had changed hands twice, been in at least two crashes and still had a defective air bag that …
  The article Fatal Houston Fender-Bender Shows Shortcomings of Recalls appeared first on Insurance Journal.
  
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• AIG introduces celebrity endorsement insurance

  02-02-2015 18:24
  When a celebrity gets scrutinized in the public eye, oftentimes the victims hit the hardest are the companies they endorse.
  
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• GM Pays 130 Claimants Before Ignition Switch Filing Deadline

  02-02-2015 18:16
  
  General Motors Co.’s compensation chief for ignition-switch accidents paid 130 victims ahead of his Jan. 31 deadline, confirming 51 deaths to date, out of a total of 4,180 claims. Lawyer Kenneth Feinberg, speaking Monday in an interview with Bloomberg Television’s …
  The article GM Pays 130 Claimants Before Ignition Switch Filing Deadline appeared first on Insurance Journal.
  
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• How Can I Get My Health Insurance to Pay for Mental Health Treatment? - Forbes

  02-02-2015 18:14 via forbes.com
  
  How Can I Get My Health Insurance to Pay for Mental Health Treatment?
  Forbes
  This weekly Q&A addresses questions from real patients about healthcare costs. Have a question you'd like to see answered? Submit it to [email protected]. Question: My 15-year-old son struggles with depression. Our health insurance company ...
  
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• Nationwide to Move 175 Jobs from Iowa to Ohio

  02-02-2015 18:06
  
  Nationwide Mutual Insurance Co. has plans to move 175 jobs out of Des Moines, Iowa, to its Ohio headquarters. Company spokesman Eric Hardgrove tells the Des Moines Register the company’s home mortgage operations will be relocated to headquarters in Columbus, …
  The article Nationwide to Move 175 Jobs from Iowa to Ohio appeared first on Insurance Journal.
  
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• Washington Farmworker Safety Training Classes at Capacity

  02-02-2015 18:05
  
  Surrounded by brushes, respirators and yellow plastic coveralls, Flor Servin held up a white baby onesie and told a room full of farm workers, in Spanish, they must scrub chemical residue from their protective equipment after work, for the health …
  The article Washington Farmworker Safety Training Classes at Capacity appeared first on Insurance Journal.
  
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• Uber Probed by U.S. Judge in San Francisco on Driver Employment Status

  02-02-2015 18:03
  
  A U.S. judge appeared skeptical on Jan. 30 about Uber’s bid for a quick pretrial ruling that its drivers are contractors and not employees, a critical question facing Silicon Valley’s sharing economy. App-based ride service Uber, and smaller rival Lyft, …
  The article Uber Probed by U.S. Judge in San Francisco on Driver Employment Status appeared first on Insurance Journal.
  
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• Colorado Oil & Gas Conservation Commission Develops Earthquake Plan

  02-02-2015 17:59
  
  The Colorado Oil and Gas Conservation Commission now has a plan for future earthquakes after two small quakes rattled an area in Weld County that officials later determined were likely caused by a nearby injection well. The commission said NGL …
  The article Colorado Oil & Gas Conservation Commission Develops Earthquake Plan appeared first on Insurance Journal.
  
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• Arthur J. Gallagher Acquires Aequus Trade Credit in New Jersey

  02-02-2015 17:59
  
  Arthur J. Gallagher & Co. today announced the acquisition of Aequus Trade Credit LLC in Warren, New Jersey. Terms of the transaction were not disclosed. Established in 1997, Aequus Trade Credit is a specialist insurance broker that offers credit risk …
  The article Arthur J. Gallagher Acquires Aequus Trade Credit in New Jersey appeared first on Insurance Journal.
  
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• New casualty head for Lloyd's insurer Novae

  02-02-2015 17:56
  Novae Group P.L.C. has named Robert Patten as head of its casualty division and member of its executive committee, the Lloyd's of London insurer said Monday.
  
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• 37 Captive Insurers Licensed in Oklahoma During 2014

  02-02-2015 17:55
  
  The Oklahoma Insurance Department announced that it issued 37 new captive insurance licenses last year, bringing the total number of licensed captives in the state to 47. Oklahoma has licensed pure, association, sponsored and special purpose captives, and is also …
  The article 37 Captive Insurers Licensed in Oklahoma During 2014 appeared first on Insurance Journal.
  
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• Montana Oil Spill Is Latest Involving Wyoming Pipeline Company

  02-02-2015 17:50
  
  The Wyoming company whose pipeline leaked 30,000 gallons of crude oil into the Yellowstone River in Montana and its sister company have had multiple pipeline spills and federal fines levied against them in the last decade, according to government records. …
  The article Montana Oil Spill Is Latest Involving Wyoming Pipeline Company appeared first on Insurance Journal.
  
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• Homeowners coverage: Insurers get a leg up when using by-peril ratings, building characteristics

  02-02-2015 17:50
  Once difficult, not doable. Rating by peril is relatively simple, because the only information needed is the property address. However, adding in the building characteristics component requires detailed property-specific information for each property under consideration for underwriting.
  
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• Iowa Insurance Broker Plans to Add 90 Jobs over 3 Years

  02-02-2015 17:48
  
  A Dubuque, Iowa-based insurance broker has announced plans to add 90 jobs over the next three years. Cottingham & Butler President and CEO David Becker tells the Dubuque Telegraph Herald that it could add as many as 45 jobs this …
  The article Iowa Insurance Broker Plans to Add 90 Jobs over 3 Years appeared first on Insurance Journal.
  
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• 250 Vases Stolen from Central Oklahoma Cemeteries

  02-02-2015 17:46
  
  Authorities are investigating the theft of 30 bronze vases from a Norman cemetery, and officials say more than 200 other vases have been stolen recently in central Oklahoma. Cleveland County Sheriff Joe Lester told the Norman Transcript that 30 vases …
  The article 250 Vases Stolen from Central Oklahoma Cemeteries appeared first on Insurance Journal.
  
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• N.Y. Court: Media Outlets Don’t Have to Delete Stories When Charges Nixed

  02-02-2015 17:44
  
  A Connecticut woman’s claims that media outlets libeled her by refusing to delete stories about her arrest after charges were dismissed were rejected by a federal appeals court on Jan. 28. The ruling by the 2nd U.S. Circuit Court of …
  The article N.Y. Court: Media Outlets Don’t Have to Delete Stories When Charges Nixed appeared first on Insurance Journal.
  
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• Obama's Budget Proposes a Major Overhaul of Unemployment Insurance - The New Republic

  02-02-2015 17:39 via newrepublic.com
  
  Obama's Budget Proposes a Major Overhaul of Unemployment Insurance
  The New Republic
  Over the past few years, Democrats and Republicans have fought vigorously over extending long-term unemployment benefits, which expired at the end of 2013. The issue dropped from headlines last spring, after House Republicans successfully killed a ...
  
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• Update: Investigators Say No Evidence AirAsia Captain Left His Seat

  02-02-2015 17:36
  
  Indonesian air crash investigators said on Monday they had not so far found evidence that the pilot of an AirAsia jet had left his seat, or that power to an automated control system was shut off, shortly before the aircraft …
  The article Update: Investigators Say No Evidence AirAsia Captain Left His Seat appeared first on Insurance Journal.
  
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• Captive manager USA Risk to be acquired by Spencer Capital

  02-02-2015 17:30
  Spencer Capital Holdings Ltd. on Monday said it has agreed to acquire captive manager USA Risk Group.
  
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• Nationwide ad is Super Bowl XLIX's most talked about commercial

  02-02-2015 17:24
  The most talked about ad from last night's Super Bowl is from Nationwide -- but it isn't because people liked it.
  
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• Republicans in South Carolina to Introduce Medical Marijuana Bill

  02-02-2015 16:58
  
  Republican legislators in conservative South Carolina expect to introduce bills next month allowing marijuana to be grown and prescribed for certain illnesses. State Sen. Tom Davis and Rep. Jenny Horne said last Thursday lawmakers need to give patients access to …
  The article Republicans in South Carolina to Introduce Medical Marijuana Bill appeared first on Insurance Journal.
  
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• Georgia Agent Sentenced to 5 Years for Stealing Insurance Premiums

  02-02-2015 16:54
  
  A Gwinnett County, Ga. man convicted on charges including insurance fraud has been sentenced to serve five years in prison. According to Insurance Commissioner Ralph Hudgens, 56-year-old Ronald Alan Dunn of Loganville was sentenced last Friday. A judge sentenced him …
  The article Georgia Agent Sentenced to 5 Years for Stealing Insurance Premiums appeared first on Insurance Journal.
  
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• Breast reduction surgery not covered by workers comp

  02-02-2015 16:40
  
  An Australian woman who reportedly claimed a work injury caused her to gain weight can't receive workers compensation to pay for a related $20,000 breast reduction surgery.
  
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• Nationwide Insurance defends controversial Super Bowl ad - Reuters

  02-02-2015 16:30 via reuters.com
  Reuters
  Nationwide Insurance defends controversial Super Bowl ad
  Reuters
  (Reuters) - Nationwide Insurance defended its Super Bowl ad featuring a "dead" boy, saying on Monday that it was intended to start a conversation about preventable accidents, not sell insurance. The ad, labeled by one Twitter user as "the most ...
  
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• Here are the top 4 hurricane preparation myths

  02-02-2015 16:05
  When should you evacuate? Does taping your windows really work? Many Americans actually don't know the correct answers to these questions.
  
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• Get smart with predictive analytics

  02-02-2015 15:48
  Different from data mining and reporting because of its forward-looking objective of predicting outcomes, P&C insurers use analytics to target underwriting and claims, and to detect fraud.
  
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• Obama Budget: Taxes, Infrastructure, Cybersecurity, Crop Insurance, Wildfires - Insurance Journal

  02-02-2015 15:46 via insurancejournal.com
  
  The San Luis Obispo Tribune
  Obama Budget: Taxes, Infrastructure, Cybersecurity, Crop Insurance, Wildfires
  Insurance Journal
  President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans. The budget ...
  Obama's budget would cut crop insurance subsidiesThe San Luis Obispo Tribune
  
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• Did you miss them? Insurance companies' Super Bowl commercials

  02-02-2015 15:45
  Watch Esurance, Geico and Nationwide's spots that aired during the most-watched game of the year.
  
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• OSHA Fines 4 Companies After Omega Fish Plant Explosion in Mississippi

  02-02-2015 15:32
  
  Fines totaling $187,620 have been proposed against four companies related to a deadly explosion at Omega Protein last year. The Occupational Safety and Health Administration says in a news release that two temporary workers hired to cut and weld pipes …
  The article OSHA Fines 4 Companies After Omega Fish Plant Explosion in Mississippi appeared first on Insurance Journal.
  
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• West Virginia Regulators Propose Fees for High-Risk Storage Tanks

  02-02-2015 15:32
  
  State environmental regulators in West Virginia say the highest-risk above ground storage tanks could face a $375 annual fee in a law to protect water supplies. Department of Environmental Protection Secretary Randy Huffman made the comments to a state Senate …
  The article West Virginia Regulators Propose Fees for High-Risk Storage Tanks appeared first on Insurance Journal.
  
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• Obama Budget: Taxes, Infrastructure, Cybersecurity, Crop Insurance, Wildfires

  02-02-2015 15:31
  
  President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans. The …
  The article Obama Budget: Taxes, Infrastructure, Cybersecurity, Crop Insurance, Wildfires appeared first on Insurance Journal.
  
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• British broker enters takeover deal with creditors

  02-02-2015 15:04
  
  (Reuters) — British insurance broker Towergate Insurance on Monday said it had sold itself to its senior secured creditors, as part of a deal to slash its £1.04 billion ($1.57 billion) debt pile by nearly two-thirds.
  
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• When Health Insurance Can Hurt Your Health - Health.com

  02-02-2015 14:32 via news.health.com
  
  Health.com
  When Health Insurance Can Hurt Your Health
  Health.com
  Opening the mail these days is never fun, given that the people typically sending you stuff are the ones who want money from you. Sure enough, in last night's delivery, there was an Explanation of Benefits from our insurance company. We owed a big ...
  
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