Insurance news

• TowneBank expands insurance business on Peninsula, Middle Peninsula - Daily Press

  06-02-2015 23:30 via dailypress.com
  
  TowneBank expands insurance business on Peninsula, Middle Peninsula
  Daily Press
  Suffolk-based TowneBank says it's acquiring two independent insurance firms to expand its insurance business further on the Peninsula and to the Middle Peninsula. TowneBank announced Thursday that Hampton-based Lackey Saunders Co. Inc. (founded ...
  
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• AIG unit leads Anthem's cyber coverage

  06-02-2015 23:08
  An American International Group Inc. unit is the primary cyber insurer for Anthem Inc., which this week disclosed a massive data breach affecting about 80 million customers and employees, insurance market sources say.
  
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• QBE North America launches transactional liability practice

  06-02-2015 22:20
  
  QBE North America, a unit of Sydney-based QBE Insurance Group Ltd., has created a transactional liability practice to protect directors, officers and companies against financial losses from a merger or acquisition.
  
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• Aspen profit down on higher fourth-quarter expenses

  06-02-2015 22:02
  
  Aspen Insurance Holdings Ltd. reported fourth-quarter net income of $67.2 million, down 25.3% from the same period last year on higher expenses related to incentive compensation and severance payments.
  
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• Should I Buy Long-Term Care Insurance? - AARP News (blog)

  06-02-2015 21:45 via blog.aarp.org
  
  AARP News (blog)
  Should I Buy Long-Term Care Insurance?
  AARP News (blog)
  long-term care insurance One of the most frequent questions I get from clients is whether to buy long-term care insurance. With the average cost of a private room in care facilities topping $94,000 a year, according to a 2013 study by insurer John ...
  
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• York Risk Services names product management, workers comp practice leader

  06-02-2015 21:22
  Third-party administrator York Risk Services Group Inc. has named Debra Levy as senior vice president of product management and national workers compensation practice leader.
  
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• Ohio insurance rule: Same risk, same rates - Columbus Dispatch

  06-02-2015 21:09 via dispatch.com
  
  Ohio insurance rule: Same risk, same rates
  Columbus Dispatch
  The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to subscribers before 6 a.m. every day. Subscribe. All current subscribers have full access to Digital D, which includes the E-Edition ...
  
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• Captive insurers can hold down group health costs

  06-02-2015 21:08
  
  BOCA RATON, Fla. — Employers looking to hold down group health care plan increases should consider turning to their captive insurers.
  
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• Citizens Property Insurance finalizes deal to bring 1000 employees to downtown ... - Florida Times-Union

  06-02-2015 20:41 via jacksonville.com
  
  Florida Times-Union
  Citizens Property Insurance finalizes deal to bring 1000 employees to downtown ...
  Florida Times-Union
  The board for Citizens Property Insurance Corp. voted Friday to lease space in the EverBank Center in downtown Jacksonville to consolidate its operations in the city and have room for transfer of some employees from other cities. Citizens Property ...
  Citizens Property Insurance moving 1000 workers DowntownJacksonville Business Journal
  
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• Alcatel-Lucent to expand lump-sum offer to 32,000 more participants

  06-02-2015 20:40
  
  Alcatel-Lucent, Murray Hill, New Jersey, announced Friday it plans to extend an offer of an immediate lump-sum payment to about 32,000 retirees and former employees in its U.S. Inactive Occupational Pension Plan.
  
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• Excess capacity driving industry consolidations

  06-02-2015 20:25
  
  NEW YORK — Excess capacity across the insurance industry could lead to more industry consolidation, but there may be difficult times ahead, industry executives said.
  
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• Why it’s so hard to fill sales jobs

  06-02-2015 20:02
  Hiring for sales positions is never easy, but despite the recovering economy it's actually getting tougher out there for hiring managers.
  
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• W.R. Berkley Reports Q4 Premium Growth, Net Income Drop

  06-02-2015 20:00
  
  W.R. Berkley Corp. reported a stellar fourth-quarter in terms of premium growth, but net income dipped at year-end due in part to investment return challenges. Berkley’s 2014 Q4 net income is booked at $110.7 million ($0.83 per diluted share), versus …
  The article W.R. Berkley Reports Q4 Premium Growth, Net Income Drop appeared first on Insurance Journal.
  
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• Endurance posts strong quarter as combined ratio improves

  06-02-2015 19:45
  
  Endurance Specialty Holdings Ltd. reported fourth-quarter net income of $76.4 million, up 29.5% on a significantly improved combined ratio from the same period last year.
  
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• Sheboygan County residents get help to meet health insurance deadline - The Sheboygan Press

  06-02-2015 19:29 via sheboyganpress.com
  
  The Sheboygan Press
  Sheboygan County residents get help to meet health insurance deadline
  The Sheboygan Press
  People wait in line during the Super Saturday health insurance enrollment event held last weekend at Mead Public Library. More than 50 people attended the event to sign up. (Photo: Gary C. Klein/Sheboygan Press Media). 4 CONNECT 2 ...
  
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• Supporters mark first year of Rhode Island's caregiver insurance - The Providence Journal

  06-02-2015 19:12 via providencejournal.com
  
  The Providence Journal
  Supporters mark first year of Rhode Island's caregiver insurance
  The Providence Journal
  Supporters of the Rhode Island's temporary caregiver insurance program mark its first anniversary at the State House Thursday. 1, of, 2, Next Image. +1. By Tom Mooney. Tom Mooney The Providence Journal. Journal Staff Writer. tmooney@providencejournal.
  
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• Report: Royal Oak insurance agency has license suspended - The Oakland Press

  06-02-2015 19:04 via theoaklandpress.com
  
  Report: Royal Oak insurance agency has license suspended
  The Oakland Press
  An insurance company with offices in Royal Oak and Harper Woods has had its insurance licenses suspended by the Michigan Department of Insurance and Financial Services. The state DIFS suspended the licenses of Alia Bahoora and her four Assurity ...
  
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• QBE North America Launches Transactional Liability Insurance Practice - Insurance Journal

  06-02-2015 19:02 via insurancejournal.com
  
  QBE North America Launches Transactional Liability Insurance Practice
  Insurance Journal
  QBE North America's has expanded its specialty lines offerings with the launch of a new Transactional Liability Practice. The Transactional Liability Practice, led by Dennis Kearns, QBE senior vice president & underwriting counsel, will underwrite two ...
  
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• Bridgeport, Conn., Police Department Eyes Driving Simulators

  06-02-2015 18:57
  
  Two years ago on Christmas Day, veteran Police Officer Roderick Doda and new Officer Eric Schnieder suffered head and neck injuries when their cruiser was rammed by a car involved in a chase in Bridgeport, Connecticut. It could have been …
  The article Bridgeport, Conn., Police Department Eyes Driving Simulators appeared first on Insurance Journal.
  
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• QBE North America Launches Transactional Liability Insurance Practice

  06-02-2015 18:54
  
  QBE North America’s has expanded its specialty lines offerings with the launch of a new Transactional Liability Practice. The Transactional Liability Practice, led by Dennis Kearns, QBE senior vice president & underwriting counsel, will underwrite two new products – representations …
  The article QBE North America Launches Transactional Liability Insurance Practice appeared first on Insurance Journal.
  
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• The Main Street America Group Expands WC Program in Georgia, North Carolina

  06-02-2015 18:44
  
  The Main Street America Group, a super-regional property/casualty insurance carrier, has introduced an expanded workers’ compensation program via its network of independent insurance agents in Georgia and North Carolina. According to Dan Gaynor, Main Street America’s vice president and head …
  The article The Main Street America Group Expands WC Program in Georgia, North Carolina appeared first on Insurance Journal.
  
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• Main Street America Expands Workers’ Compensation Program in Georgia, North Carolina

  06-02-2015 18:44
  
  The Main Street America Group  has introduced an expanded workers’ compensation program through its independent insurance agents in Georgia and North Carolina. According to Dan Gaynor, vice president and head of commercial lines, the expanded coverage options and pricing levels …
  The article Main Street America Expands Workers’ Compensation Program in Georgia, North Carolina appeared first on Insurance Journal.
  
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• A.M. Best: Outlook Stable for Louisiana’s Stonetrust Commercial Insurance

  06-02-2015 18:42
  
  A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of B++ (Good) and the issuer credit rating (ICR) of “bbb” of Stonetrust Commercial Insurance Co. (Stonetrust) in Baton Rouge, La. The outlook assigned to …
  The article A.M. Best: Outlook Stable for Louisiana’s Stonetrust Commercial Insurance appeared first on Insurance Journal.
  
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• ProHost USA, XL Add Umbrella Excess Coverage to Restaurant Insurance Product - Insurance Journal

  06-02-2015 18:41 via insurancejournal.com
  
  ProHost USA, XL Add Umbrella Excess Coverage to Restaurant Insurance Product
  Insurance Journal
  XL Group and insurance program administrator ProHost USA have added an extra layer of insurance protection to its umbrella excess insurance coverage product offering for fine dining and casual restaurants. “Restaurants can face some significant risks ...
  
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• Geologists Look for Earthquake, Fracking Connection in Kansas

  06-02-2015 18:38
  
  For at the last 15 months, Kansas geologist Rex Buchanan estimates, he’s spent 90 percent of his time studying something once relatively rare in the state — earthquakes. He has learned a lot, said the director of the Kansas Geological …
  The article Geologists Look for Earthquake, Fracking Connection in Kansas appeared first on Insurance Journal.
  
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• ProHost USA, XL Add Umbrella Excess Coverage to Restaurant Insurance Product

  06-02-2015 18:34
  
  XL Group and insurance program administrator ProHost USA have added an extra layer of insurance protection to its umbrella excess insurance coverage product offering for fine dining and casual restaurants. “Restaurants can face some significant risks and claims,”   according to …
  The article ProHost USA, XL Add Umbrella Excess Coverage to Restaurant Insurance Product appeared first on Insurance Journal.
  
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• Michigan Regulators Suspend Licenses of Insurance Agent, Agencies

  06-02-2015 18:32
  
  The Michigan Department of Insurance and Financial Services (DIFS) announced it suspended the insurance licenses of Alia Bahoora and her insurance agencies: Assurity Insurance Agency I, Assurity Insurance Agency II, Assurity Insurance Agency III and Assurity Insurance Agency IV. The …
  The article Michigan Regulators Suspend Licenses of Insurance Agent, Agencies appeared first on Insurance Journal.
  
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• Ex-lawmakers can get lifetime state health insurance too - Atlanta Journal Constitution (blog)

  06-02-2015 18:31 via investigations.blog.ajc.com
  
  Atlanta Journal Constitution (blog)
  Ex-lawmakers can get lifetime state health insurance too
  Atlanta Journal Constitution (blog)
  Part-time legislators will decide this session whether part-time school bus drivers and cafeteria workers will retain state-subsidized health coverage. They will do so with the knowledge that they can keep their own state-subsidized insurance even when ...
  
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• What if your doc went off the insurance grid? - Rochester Democrat and Chronicle

  06-02-2015 18:28 via democratandchronicle.com
  What if your doc went off the insurance grid?
  Rochester Democrat and Chronicle
  Consumers aren't the only ones getting worked up over the price of health care. Providers, particularly those who run their own practices, also are concerned. Their worries may be about getting enough reimbursement to cover their costs in providing ...
  
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• Use of Distracted Driver Fines for Driver’s Ed Funding in Ohio Proposed

  06-02-2015 18:26
  
  The state of Ohio is proposing more fines for distracted driving, with the money going to help subsidize driver’s education courses for those who can’t afford them. The Columbus Dispatch reports that the Drive Toward a Safer Ohio initiative is …
  The article Use of Distracted Driver Fines for Driver’s Ed Funding in Ohio Proposed appeared first on Insurance Journal.
  
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• Cyber insurance: You better shop around, says EY's Robert Reeves - TechRepublic

  06-02-2015 18:26 via techrepublic.com
  
  TechRepublic
  Cyber insurance: You better shop around, says EY's Robert Reeves
  TechRepublic
  Despite high demand for cybersecurity insurance, insurers are playing it safe. EY's Robert Reeves recommends drafting the policy you want, and then shopping it around. storeexterior2013.jpg. Image: Target. Cyber insurance is still in its infancy when ...
  
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• Minor Damage to Courthouse after Northern Oklahoma Earthquake Swarm

  06-02-2015 18:23
  
  A swarm of earthquakes has shaken parts of Alfalfa County in northern Oklahoma. The U.S. Geological Survey says four earthquakes have been recorded around Cherokee and Helena since late on Feb. 4, including a magnitude 4.3 quake about five miles …
  The article Minor Damage to Courthouse after Northern Oklahoma Earthquake Swarm appeared first on Insurance Journal.
  
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• Marsh & McLennan reports higher revenue, lower profit in fourth quarter

  06-02-2015 18:23
  
  Insurance and reinsurance revenue at Marsh & McLennan Cos. Inc. increased 4% in the fourth quarter of 2014 compared with the prior-year period, with international insurance business leading the growth, the broking and consulting firm reported Friday.
  
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• Oklahoma Lawmakers Want to Regulate Drones in State

  06-02-2015 18:19
  
  Concerned about the growing presence of drones in the skies above Oklahoma, a couple of state lawmakers have filed legislation to rein in their use. But state officials trying to attract unmanned aerial vehicle designers and manufacturers say it is …
  The article Oklahoma Lawmakers Want to Regulate Drones in State appeared first on Insurance Journal.
  
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• 10 things the insurance industry can learn from the Super Bowl XLIX ads

  06-02-2015 18:11
  Nationwide's ad opened up a can of worms, but was that what they intended? An expert weighs in.
  
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• Jersey Shore Town Aims to Get Last 2 Sandy Families Home

  06-02-2015 17:59
  
  Just before the floodwaters of Superstorm Sandy inundated Krista Sperber’s home in Belmar, New Jersey, she had her two young children grab what they could from their rooms and hop in the car for a ride to a relative’s home …
  The article Jersey Shore Town Aims to Get Last 2 Sandy Families Home appeared first on Insurance Journal.
  
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• Anthem health insurance hack could affect Michiganders, state insurance ... - MLive.com

  06-02-2015 17:56 via mlive.com
  
  Anthem health insurance hack could affect Michiganders, state insurance ...
  MLive.com
  LANSING, MI -- Michigan Department of Insurance and Financial Services Director Annette Flood is keeping an eye on a hack of national insurance company Anthem that compromised personal data from about 80 million customers. HO Blue Cross Blue ...
  
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• Ted Lilly avoids jail sentence - ESPN

  06-02-2015 17:40 via espn.go.com
  The San Luis Obispo Tribune
  Ted Lilly avoids jail sentence
  ESPN
  SAN LUIS OBISPO, Calif. -- Former Major League Baseball player Ted Lilly accepted a plea deal in a California insurance fraud case that will allow him to avoid jail time, according to a newspaper report. Lilly did not appear in court Thursday, but his ...
  Ted Lilly, ex-baseball player accused of insurance fraud, avoids jail timeThe San Luis Obispo Tribune
  Ex-MLB player Ted Lilly accepts plea deal in insurance fraudYahoo Sports
  
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• P&C market outlook: Personal lines rise, but commercial remains stagnant

  06-02-2015 17:35
  The insurance market is still soft, and all expectations are for that to continue in 2015.
  
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• $17M Lawsuit For Bridge Collapse Filed by Washington

  06-02-2015 17:32
  
  A lawsuit filed this week by the Washington State Department of Transportation is seeking at least $17 million to recover costs related to the 2013 Skagit River bridge collapse. The lawsuit, filed in Skagit County Superior Court, names several parties as …
  The article $17M Lawsuit For Bridge Collapse Filed by Washington appeared first on Insurance Journal.
  
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• Medical marijuana coverage targeted by lawmakers

  06-02-2015 17:31
  
  An Arizona bill would allow workers compensation insurers and employers self-insured for workers comp to deny payment for medical marijuana.
  
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• Comp insurers could avoid medical marijuana claims under Arizona bill

  06-02-2015 17:31
  An Arizona bill would allow workers compensation insurers and employers self-insured for workers comp to deny payment for medical marijuana.
  
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• Tiger Woods withdraws from Farmers Insurance Open with back injury - Yahoo Sports (blog)

  06-02-2015 17:28 via sports.yahoo.com
  
  Bleacher Report
  Tiger Woods withdraws from Farmers Insurance Open with back injury
  Yahoo Sports (blog)
  Tiger Woods was fighting losing battles on two fronts on Thursday at the Farmers Insurance Open: erratic play and a tweaked lower back. The former left him 2-over through 11 holes; the latter forced him to withdraw midway through his 12th hole (the par ...
  Farmers Insurance Open 2015: Day 1 Leaderboard Results and Twitter ReactionBleacher Report
  Back injury sidelines Tiger Woods from Farmers I
  
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• California Lawmaker Proposes Annual $52 Fee For Road Repairs

  06-02-2015 17:27
  
  Most California drivers would pay an extra $52 a year under a proposal to raise $2 billion a year to fix the state’s crumbling roads, bridges and highways. Assembly Speaker Toni Atkins’ proposal released Wednesday didn’t spell out how the …
  The article California Lawmaker Proposes Annual $52 Fee For Road Repairs appeared first on Insurance Journal.
  
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• How do brokers and carriers rank, in risk manager satisfaction?

  06-02-2015 17:25
  Study measures performance of auto, workers’ compensation and commercial property insurers
  
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• Colorado Legislators Weigh Harsher Punishment For Repeat DUIs

  06-02-2015 17:23
  
  Repeat DUI offenders in Colorado will face tougher penalties under a bill lawmakers are considering this year. Colorado is among five states where DUI offenders face only misdemeanor charges even after repeated convictions. Lawmakers want to change that so people …
  The article Colorado Legislators Weigh Harsher Punishment For Repeat DUIs appeared first on Insurance Journal.
  
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• Uber, Taxi Battle Could Be Big Issue For Nevada Legislature

  06-02-2015 17:20
  
  Lawmakers say a fight between Nevada’s taxicab industry and Uber, the ride hailing company that operated in the state this fall before a court decision prompted it to shut down, could be the biggest transportation issue this session in the …
  The article Uber, Taxi Battle Could Be Big Issue For Nevada Legislature appeared first on Insurance Journal.
  
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• California Consumer Sues Anthem Over Data Breach

  06-02-2015 17:15
  
  Anthem Inc. faces what may be the first of many consumer lawsuits a day after disclosing that hackers obtained data on tens of millions of current and former customers and employees. A California woman on Thursday accused the health insurer …
  The article California Consumer Sues Anthem Over Data Breach appeared first on Insurance Journal.
  
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• Why Social Security numbers are the holy grail for hackers

  06-02-2015 17:14
  The hackers who infiltrated Anthem made off with one of the most prized possessions in computer crime: the Social Security numbers of as many as 80 million customers of the nation’s second-biggest health insurer.
  
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• Enstar acquiring insurers covering luxury cars, sports associations

  06-02-2015 17:03
  
  Runoff specialist Enstar Group Ltd. said it has agreed to acquire Brussels-based Nationale Suisse Assurance S.A. from its parent company, Nationale Suisse, for €33.7 million ($38.5 million).
  
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