Insurance news

• Early February is a good time to buy flood insurance - ConsumerReports.org

  03-02-2015 23:48 via consumerreports.org
  
  ConsumerReports.org
  Early February is a good time to buy flood insurance
  ConsumerReports.org
  Punxsutawney Phil made it official on Groundhog Day 2015: We're in for 6 more weeks of winter. But while it might be hard to look beyond the shoveling and snow blowing—and buying snow tires—it won't be long before the thaw arrives. And with that thaw ...
  Do You Really Need Flood Insurance?Nasdaq
  Bay area communities brace for flood insurance onslaughtTBO.com
  Open House on Impacts of New
  
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• Torrey Pines experts' picks - ESPN

  03-02-2015 23:46 via espn.go.com
  Yahoo Sports (blog)
  Torrey Pines experts' picks
  ESPN
  Bill Kratzert discusses what Tiger Woods has to do to improve his short game and whether he will make the cut at Torrey Pines. Tags: Tiger Woods, Golf · Tiger's Short Game. NEXT VIDEO video. Tiger's Short Game. Tiger's Short Game. Bill Kratzert ...
  Fantasy golf power rankings: Farmers Insurance OpenYahoo Sports (blog)
  DFS Clubhouse: Value picks for PGA Farmers...SportingNews.com
  Tiger Woods draws highest odds of career
  
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• Fairfax to acquire QBE's Ukranian insurance operations - Reuters

  03-02-2015 23:36 via reuters.com
  ValueWalk
  Fairfax to acquire QBE's Ukranian insurance operations
  Reuters
  TORONTO (Reuters) - Canadian financial services holding company Fairfax Financial Holdings Ltd (FFH.TO) said on Tuesday it has agreed to acquire the Ukranian insurance operations of Australia's QBE Insurance Group (QBE.AX), expanding its presence ...
  Fairfax Financial To Buy QBE's Insurance Operations In UkraineValueWalk
  Fairfax Financial To Acquire QBE's Insurance Operations In UkraineRTT News
  
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• Insurance coverage for midsize finishing contractors offered

  03-02-2015 22:45
  
  Atlas General Insurance Services L.L.C. on Tuesday launched a contractors general liability and exterior insulation and finish systems program geared toward the middle market.
  
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• Health care reform costs, investments nick Aetna profit

  03-02-2015 21:19
  
  Increased investment spending and health care reform costs reduced Aetna Inc.’s fourth-quarter profits by more than one-third in 2014 compared to prior-year results, even as the company’s total revenue grew by 12.1%.
  
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• Scor executive says 'risk appetite' key to reinsurers' growth

  03-02-2015 21:09
  BOCA RATON, Fla. — The reinsurance market is overcapitalized and highly competitive, but there are still opportunities for reinsurers to grow their business, a leading European reinsurance executive said.
  
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• 6 things you must know when buying car insurance - Asbury Park Press

  03-02-2015 21:07 via app.com
  
  Asbury Park Press
  6 things you must know when buying car insurance
  Asbury Park Press
  After minor claims for chipped windshields and a fender bender, Middletown resident Mike Dunlea saw his car insurance premiums jump by more than 30 percent. His six-month premium for two vehicles rose from $1,097 to $1,477. It was enough to get him to ...
  
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• Former California Agent Pleads Guilty in $6M Fraud Case

  03-02-2015 20:43
  
  An Upland, Calif. man has pleaded guilty to federal bank fraud and tax charges in relation to a loan scam that reportedly netted him more than $5.9 million. Derek Richard Brewart, 53, a former licensed insurance agent and owner of …
  The article Former California Agent Pleads Guilty in $6M Fraud Case appeared first on Insurance Journal.
  
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• 4 technologies that are revolutionizing the insurance industry

  03-02-2015 20:30
  Technology is rapidly changing the insurance business. Are you ready?
  
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• Most brokerages and advisers have had cyber attacks

  03-02-2015 20:20
  
  (Reuters) — U.S. brokerage firms and financial advisers are a routine target of cyber criminals, and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S.
  
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• 10 common winter driving hazards: Am I covered?

  03-02-2015 19:35
  Before the next storm hits, learn how car insurance coverage applies to common winter driving hazards.
  
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• Spencer Capital Holdings to Acquire USA Risk Group in Vermont

  03-02-2015 18:59
  
  Spencer Capital Holdings Ltd., the parent company of reinsurer Spencer Re, has agreed to acquire USA Risk Group, an independent captive insurance manager based in Barre, Vermont. Financial terms of the transaction were not disclosed. The transaction is subject to …
  The article Spencer Capital Holdings to Acquire USA Risk Group in Vermont appeared first on Insurance Journal.
  
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• ACE Launches Transactional Risk Coverages, Appoints Markovich to Lead

  03-02-2015 18:41
  
  ACE Group has introduced three new transactional risk insurance products that offer protection to buyers and sellers participating in mergers and acquisitions (M&A) and other transactional deals throughout North America and in international markets. These products — representations and warranty …
  The article ACE Launches Transactional Risk Coverages, Appoints Markovich to Lead appeared first on Insurance Journal.
  
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• Judge orders NFL to expand concussion suit settlement amount, again

  03-02-2015 18:32
  The NFL’s $765 million settlement over concussions came up short a second time as a federal judge said she wants more changes before she’ll approve it.
  
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• Goodyear worker due disability benefits for hearing loss

  03-02-2015 18:31
  
  A worker for Goodyear Tire & Rubber Co.
  
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• Bully Breeds vs. Insurance Companies - Huffington Post

  03-02-2015 18:27 via huffingtonpost.com
  
  Bully Breeds vs. Insurance Companies
  Huffington Post
  Prejudice is alive and well in the insurance industry. Every day thousands of "bully breeds" (pit bulls, German shepherds, Rottweilers, Akitas, etc.) are euthanized because they cannot be adopted. Why? There are many people out there that would happily ...
  
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• Report: Modest Economic Growth Expected in Midwest, Plains

  03-02-2015 18:23
  
  Weakness in the agriculture and energy sectors will slow the economy in nine Midwestern and Plains states this spring, according to a monthly survey of business leaders released Feb. 2. The region’s overall economic index improved slightly to 54.8 in …
  The article Report: Modest Economic Growth Expected in Midwest, Plains appeared first on Insurance Journal.
  
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• Audit: Fire Marshal Inspections Lacking in Louisiana

  03-02-2015 18:14
  
  A new audit says the Louisiana state fire marshal’s office is falling short in its building inspections and five prevention monitoring. Legislative Auditor Daryl Purpera’s Office issued a report that said the fire marshal hasn’t consistently inspected Louisiana’s schools, universities, …
  The article Audit: Fire Marshal Inspections Lacking in Louisiana appeared first on Insurance Journal.
  
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• Homeowner Insurance Complaints Drop to Record Low in Texas

  03-02-2015 18:10
  
  Texas homeowners filed the fewest number of insurance complaints ever recorded with Texas regulators last year, the Insurance Council of Texas reported. It was the fifth year in a row that Texas homeowner complaints have gone down. There are more than …
  The article Homeowner Insurance Complaints Drop to Record Low in Texas appeared first on Insurance Journal.
  
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• New technology claims to detect cyber attacks in milliseconds

  03-02-2015 18:07
  What if you knew you were being hacked the millisecond they started hacking you?
  
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• Though Rising, Ohio Home and Auto Insurance Rates Still Low

  03-02-2015 18:01
  
  Combined, average homeowners and auto insurance premiums in Ohio are nearly $500 less than national averages, according to the state’s insurance department. Personal lines premiums in the state are among the lowest in the country, Lieutenant Governor and Department of …
  The article Though Rising, Ohio Home and Auto Insurance Rates Still Low appeared first on Insurance Journal.
  
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• XL’s McGavick says employees worried about Catlin purchase should think twice about jumping ship

  03-02-2015 17:52
  XL Group CEO Mike McGavick said employees who are worried about disruption from his company’s planned purchase of Catlin Group should think twice about jumping ship.
  
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• XL CEO McGavick: Employees worried about Catlin purchase should think twice about jumping ship

  03-02-2015 17:52
  XL Group CEO Mike McGavick said employees who are worried about disruption from his company’s planned purchase of Catlin Group should think twice about jumping ship.
  
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• New Mexico Bill Would Reduce Benefits If Workers Are High

  03-02-2015 17:48
  
  A New Mexico lawmaker has introduced a bill to reduce workers’ compensation in cases when an employee’s death or injury results from being drunk or high on the job. Republican Rep. Dennis Roch of Logan said being under the influence …
  The article New Mexico Bill Would Reduce Benefits If Workers Are High appeared first on Insurance Journal.
  
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• With Fines Nearly $100K Oregon City Delays Uber Appeal Hearing

  03-02-2015 17:45
  
  Eugene, Ore. has granted Uber’s request for a delay in its appeal hearing. The Register-Guard reported the hearing had been set for Monday and a new date hasn’t been scheduled. Meanwhile, Uber and city officials continue to negotiate an agreement …
  The article With Fines Nearly $100K Oregon City Delays Uber Appeal Hearing appeared first on Insurance Journal.
  
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• Hartford profit rises 22% as policy sales climb under swift

  03-02-2015 17:43
  Hartford said fourth-quarter profit rose 22% as sales climbed at its main unit and margins improved.
  
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• Montana Licensed 34 Captive Insurance Companies In 2014

  03-02-2015 17:39
  
  State insurance department officials are reporting that Montana licensed 34 new captive insurance companies in 2014, bringing the state’s total number of licensed captives to 177. In addition to the 34 new captive insurance company licenses, the number of series …
  The article Montana Licensed 34 Captive Insurance Companies In 2014 appeared first on Insurance Journal.
  
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• FEMA seeks comments on flood risk mapping guidelines and standards

  03-02-2015 17:39
  As part of the Spring 2015 update to its ongoing maintenance plan, FEMA is making the draft standards available for public review and comment
  
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• Bermuda registers 16 captive insurers in 2014

  03-02-2015 17:29
  
  The Bermuda Monetary Authority registered 89 new insurance entities, including 16 new captive insurers, in 2014.
  
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• Trucker Crashes in Alabama While Pulling out Tooth

  03-02-2015 17:17
  
  Alabama authorities say a tractor-trailer crashed on Interstate 20 near Tuscaloosa because the driver lost control while he was pulling one of his teeth. The Alabama Highway Patrol says the truck driver told troopers he had taken his hands off …
  The article Trucker Crashes in Alabama While Pulling out Tooth appeared first on Insurance Journal.
  
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• Hartford profit up 22% in fourth quarter

  03-02-2015 17:11
  
  The Hartford Financial Services Group Inc. saw a nearly 22% year-over-year jump in fourth-quarter profits while posting better-than-expected results in catastrophe losses.
  
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• Corporate America feels downdraft as consumers rejoice

  03-02-2015 17:01
  Corporate America’s pain is U.S. consumers’ gain. Here's why.
  
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• Super Bowl viewers forgot that Nationwide really is on their side

  03-02-2015 16:55
  Sometimes the takeaway depends on the lens you use.
  
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• Willis Re launches cyber insurer tool as risks remain unclear

  03-02-2015 16:53
  
  (Reuters) — Reinsurance broker Willis Re on Tuesday launched a tool designed to help insurance companies gauge their portfolios' exposure to cyber security risks, the latest effort to develop a growing market that has nonetheless faced worries...
  
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• CEO named for Scor's Channel Managing Agency

  03-02-2015 15:58
  
  David Reed has been appointed CEO of The Channel Managing Agency Ltd., the Lloyd’s of London managing agency owned by Paris-based reinsurer Scor S.E. that manages multiline syndicate 2015.
  
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• Low catastrophe losses bolster XL's bottom line

  03-02-2015 15:56
  
  Thanks in part to low catastrophe losses, XL Group P.L.C. reported $354 million in net income for the fourth quarter of last year, an increase of 16.6%.
  
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• Blizzard drops free furniture on lucky shoppers

  03-02-2015 15:27
  
  For about 3,000 people, the Midwest’s Super Bowl Sunday blizzard also comes with a full refund on the price of their furniture.
  
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• Willis Re Launches Cyber Risk Modeling Tool – PRISM-Re™

  03-02-2015 15:26
  
  Willis Re, the reinsurance division of Willis Group Holdings plc, announced that it has launched “the insurance industry’s first cyber risk modeling tool that will enable insurers to quantify and manage their portfolio exposure to data breaches, the leading cause …
  The article Willis Re Launches Cyber Risk Modeling Tool – PRISM-Re™ appeared first on Insurance Journal.
  
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• Transgender workers protected in sex discrimination rule revamp

  03-02-2015 15:19
  
  New guidelines for federal contractors to follow to avoid sex discrimination are long overdue and will align the rules with developments since they were issued in 1970.
  
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• Obama proposes more retirement plan access, tax savings cap

  03-02-2015 15:10
  President Barack Obama's fiscal year 2016 budget proposal released Monday calls for expanding access to retirement savings in the workplace while capping the tax-favored accumulation of all private retirement assets.
  
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• The Best Insurance Moves for February - NerdWallet (blog)

  03-02-2015 15:00 via nerdwallet.com
  
  NerdWallet (blog)
  The Best Insurance Moves for February
  NerdWallet (blog)
  We've now entered the shortest month of the year, but you can still do a lot about your insurance. With the winter chill settled in and Valentine's Day around the corner, you may need to consider changing parts of your insurance policies to keep up ...
  
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• We're all paying more than we should for car insurance, and fraud is to blame

  03-02-2015 14:56
  Claim fraud and buildup increased payments for auto injuries by $5.6 billion to $7.7 billion in the U.S. in 2012, and that's not chump change.
  
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• Nationwide: We'd run the 'I Died' ad again

  03-02-2015 14:00
  Nationwide marketing executive discusses with NU its controversial spot.
  
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• Nationwide: A strong commitment to preventable accidents was behind our controversial Super Bowl ad

  03-02-2015 14:00
  Nationwide's Super Bowl ad wasn't the first time the insurer has pushed for household safety. And, yes, given the choice, they would run the commercial again.
  
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• Ace’s Greenberg: U.S. Safe Destination for Many Investors for Now

  03-02-2015 13:52
  
  Ace Ltd. Chief Executive Officer Evan Greenberg, whose insurer last week posted a decline in fourth-quarter profit as currency fluctuations pressured results, predicted that recent gains in the dollar will be temporary. “The U.S. right now is the preferred destination …
  The article Ace’s Greenberg: U.S. Safe Destination for Many Investors for Now appeared first on Insurance Journal.
  
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• Investigators combing social media to expose insurance scams - CBS News

  03-02-2015 13:51 via cbsnews.com
  
  WFMY News 2
  Investigators combing social media to expose insurance scams
  CBS News
  Insurance investigators are making more use of the cyber world to expose scammers. There are so many people using social media nows that the sites are routinely monitored for evidence of fraud, reports CBS News correspondent Chip Reid. It was a ...
  Investigators Mime Social Media To Expose Insurance SchemesWFMY News 2
  
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• Beecher Carlson Appoints Zoda as Senior VP, Risk Control

  03-02-2015 13:50
  
  Atlanta-based specialty insurance broker Beecher Carlson Insurance Services has appointed Jim Zoda as senior vice president of risk control. He is based in Texas. Zoda’s main focus will be to provide risk assessment and control, strategic planning, management of long-term …
  The article Beecher Carlson Appoints Zoda as Senior VP, Risk Control appeared first on Insurance Journal.
  
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• Beecher Carlson Appoints Zoda as Senior Vice President, Risk Control

  03-02-2015 13:50
  
  Atlanta-based specialty insurance broker Beecher Carlson Insurance Services has appointed Jim Zoda as senior vice president of Risk Control. Zoda’s main focus will be to provide risk assessment and control, strategic planning, management of long-term projects and client advocacy. Zoda …
  The article Beecher Carlson Appoints Zoda as Senior Vice President, Risk Control appeared first on Insurance Journal.
  
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• Scott shops for insurance chief in state where 3 of last 4 imprisoned - Palm Beach Post (blog)

  03-02-2015 13:18 via protectingyourpocket.blog.palmbeachpost.com
  
  Scott shops for insurance chief in state where 3 of last 4 imprisoned
  Palm Beach Post (blog)
  money cuffs At least one top Louisiana insurance regulator made his way to Florida before Gov. Rick's office reached out to a Louisianan as a possible replacement for Florida's insurance commissioner ahead of a Cabinet meeting Thursday, records show.
  
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• More Americans Now Have Health Insurance Coverage and Are Satisfied With ... - MainStreet

  03-02-2015 13:17 via mainstreet.com
  
  Business Insurance
  More Americans Now Have Health Insurance Coverage and Are Satisfied With ...
  MainStreet
  NEW YORK (MainStreet) — The number of Americans who have health insurance coverage has steadily increased since the passage of the Affordable Care Act, and the majority are satisfied with the health care they are receiving. Fewer Americans lack ...
  Panel on Tuesday gives another chance to ask about health insurance, ACAKY3
  Proposal to extend insurance enrollment period worries someP
  
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