Insurance news

• Missouri insurance chief to head national association next year - STLtoday.com

  09-02-2015 23:08 via stltoday.com
  
  STLtoday.com
  Missouri insurance chief to head national association next year
  STLtoday.com
  The head of Missouri's insurance department will lead a national coalition of state insurance officials starting next year. The National Association of Insurance Commissioners announced Monday it had selected John Huff to immediately begin serving as ...
  Missouri insurance director will lead national regulatory groupKansas City Business Journal
  Missouri Insurance Director John M. Huff To Serve As
  
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• ACLI to Fed: Keep Your Banking Hands Off Insurance SIFIs - Insurance News Net

  09-02-2015 23:04 via insurancenewsnet.com
  ACLI to Fed: Keep Your Banking Hands Off Insurance SIFIs
  Insurance News Net
  WASHINGTON – Insurance companies subject to federal oversight under the Dodd-Frank Act are making it clear that they will seek to delay as long as possible the Federal Reserve Board (FRB) regulation of their activities. In a letter to the Fed dated Feb.
  
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• Wall Street regulator weighing insurance industry cyber rules - The Hill

  09-02-2015 22:49 via thehill.com
  
  kjrh.com
  Wall Street regulator weighing insurance industry cyber rules
  The Hill
  New York's top financial watchdog will conduct cybersecurity spot checks on insurers that could lead to new regulations for the industry, following the massive data breach at health insurer Anthem Inc. ADVERTISEMENT. “Recent cyber security breaches ...
  Insurance companies pushing identity theft coverage after massive cyber-attack ...kjrh.com
  Insurer cybersecurity under scrutiny after breachBusiness Insura
  
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• Officer's shooting leads to audit of city's medical cost containment firm

  09-02-2015 22:27
  
  Fort Worth, Texas, Mayor Betsy Price is calling for an audit of CorVel Corp. after a nurse case manager for the company was accused of asking an injured police officer and his family “inflammatory questions.”
  
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• Brown & Brown Acquires Liberty Insurance Brokers in Philadelphia

  09-02-2015 22:02
  
  Brown & Brown Inc. announced that its subsidiary Brown & Brown of Pennsylvania LP has acquired certain assets of Liberty Insurance Brokers Inc. and its related affiliate companies in Philadelphia. Terms of the transaction were not disclosed. Founded in 1996, …
  The article Brown & Brown Acquires Liberty Insurance Brokers in Philadelphia appeared first on Insurance Journal.
  
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• Mutual Fund Store rides acquisition into insurance - Kansas City Business Journal

  09-02-2015 21:44 via bizjournals.com
  
  Kansas City Business Journal
  Mutual Fund Store rides acquisition into insurance
  Kansas City Business Journal
  "So the acquisition of Stuart Woodbury's agency allows us to offer term life insurance to not only our clients, but to all of our (radio show) listeners from coast to coast," John Bunch, CEO of The Mutual Fund Store. "It's very consistent with our ...
  
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• Individuals paying average of $105 per month on federal health exchanges

  09-02-2015 21:27
  Individuals eligible for health care reform law premium subsidies paid, on average, just $105 a month for coverage purchased through federal health insurance exchanges, according to a report released Monday.
  
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• Swiss Re names president and CEO for Canada

  09-02-2015 21:18
  Swiss Re Ltd. has named Veronica Scotti as president and CEO of Swiss Re Canada, effective April 1, the firm said Monday in a statement.
  
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• P&C market outlook: Marsh's winners and losers for 2015

  09-02-2015 21:17
  Marsh is predicting further rate reductions in select lines this year.
  
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• Connecticut Bills Aim to Ramp Up Texting While Driving Fines

  09-02-2015 20:48
  
  A Connecticut legislative committee is set to hear public testimony on several bills aimed at combating texting while driving in Connecticut. Several state lawmakers in Connecticut have submitted legislation this session that creates tougher penalties for texting while driving. One …
  The article Connecticut Bills Aim to Ramp Up Texting While Driving Fines appeared first on Insurance Journal.
  
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• Smith Brothers Insurance Acquires McMahon Co. in Connecticut

  09-02-2015 20:38
  
  Smith Brothers Insurance LLC, an independent insurance agency based in Glastonbury, Connecticut, has acquired the assets of the McMahon Company Inc., an independent agency in Rocky Hill, Connecticut. Terms of the transaction were not disclosed. The McMahon Company, founded in …
  The article Smith Brothers Insurance Acquires McMahon Co. in Connecticut appeared first on Insurance Journal.
  
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• Former Arrow Trucking CEO Pleads Guilty in Oklahoma to Fraud Charges

  09-02-2015 20:29
  
  The former CEO of a now-defunct trucking company that left its employees stranded all over the country when it suddenly shut down in December 2009 has pleaded guilty in federal court in Oklahoma to charges of tax evasion and fraud. …
  The article Former Arrow Trucking CEO Pleads Guilty in Oklahoma to Fraud Charges appeared first on Insurance Journal.
  
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• P/C Insurers Expanding Use of Predictive Modeling

  09-02-2015 20:00
  
  Property /casualty insurance executives believe that predictive modeling has become an essential or very important driver of improved performance over the past six years and they are broadening their use of the application into new areas of operation, according to …
  The article P/C Insurers Expanding Use of Predictive Modeling appeared first on Insurance Journal.
  
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• FERMA secretary general dies at 59

  09-02-2015 19:16
  Edwin V. Meyer, the Federation of European Risk Management Associations secretary general and board member, died Saturday at the age of 59.
  
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• Iron worker hurt before clocking in eligible for comp

  09-02-2015 19:05
  An Arkansas iron worker who slipped and fell on ice before clocking in for the day is entitled to workers compensation benefits because he had already donned his personal protective equipment, the state Court of Appeals ruled Wednesday.
  
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• Are You Exempt From The Obamacare Insurance Penalty? - Forbes

  09-02-2015 19:02 via forbes.com
  
  eCreditDaily.com
  Are You Exempt From The Obamacare Insurance Penalty?
  Forbes
  When you sit down to file your 2014 tax return on Form 1040, for the very first time you will be required to pay a penalty to the IRS if you failed to carry “minimum essential heath insurance coverage” throughout the tax year. Last month, the Treasury ...
  Obamacare and Taxes: Is the No-Insurance Penalty Tied to Slower Refunds?eCreditDaily.com
  
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• In Fire Aftermath, Reforms Push Up Against Industry Norms in N.J.

  09-02-2015 18:58
  
  The fire that destroyed most of a large apartment complex in northern New Jersey last month has prompted talk of legislation to toughen building codes, an effort that would butt up against long-established building practices like the use of lightweight …
  The article In Fire Aftermath, Reforms Push Up Against Industry Norms in N.J. appeared first on Insurance Journal.
  
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• How Can I Get My Health Insurance to Pay for Mental Health Treatment? - Huffington Post

  09-02-2015 18:58 via huffingtonpost.com
  
  How Can I Get My Health Insurance to Pay for Mental Health Treatment?
  Huffington Post
  This weekly Q&A addresses questions from real patients about health care 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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• ACLU Settles Lawsuit Over R.I.’s Uninsured Motorists Database

  09-02-2015 18:52
  
  The American Civil Liberties Union of Rhode Island has settled a lawsuit with the state Division of Motor Vehicles over how it’s putting in place a database designed to identify uninsured drivers. The ACLU says the database established by a …
  The article ACLU Settles Lawsuit Over R.I.’s Uninsured Motorists Database appeared first on Insurance Journal.
  
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• Starwood Capital to Sell NYC’s Baccarat Hotel to Chinese Insurer for $230M

  09-02-2015 18:48
  
  Barry Sternlicht’s Starwood Capital Group agreed to sell New York’s luxury Baccarat Hotel to an affiliate of China’s Sunshine Insurance Group. The 114-room property on Manhattan’s West 53rd Street is scheduled to open next month, Starwood said in a statement …
  The article Starwood Capital to Sell NYC’s Baccarat Hotel to Chinese Insurer for $230M appeared first on Insurance Journal.
  
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• U.K. Supreme Court unanimously rules against asbestos-related Welsh bill

  09-02-2015 18:47
  The United Kingdom’s Supreme Court ruled that the U.K. Welsh Assembly exceeded the scope of its authority when it passed a bill requiring firms and insurers to reimburse the U.K.
  
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• 10 Fingerprints No Longer Collected for Texas Driver’s Licenses

  09-02-2015 18:43
  
  Under pressure from state lawmakers, the Texas Department of Public Safety will stop collecting electronic images of an applicant’s 10 fingerprints before issuing a driver’s license. DPS said it still plans to comply with a 2005 state law requiring the …
  The article 10 Fingerprints No Longer Collected for Texas Driver’s Licenses appeared first on Insurance Journal.
  
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• Uh oh…Uber has some coverage issues

  09-02-2015 18:38
  Misinformed drivers think they have coverage when they really don’t.
  
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• N.Y. Announces New, Targeted Cybersecurity Assessments for Insurers

  09-02-2015 18:33
  
  New York State Department of Financial Services (DFS) today released a report on cybersecurity in the New York insurance industry and announced a series of measures that DFS will take to help strengthen cyber hacking defenses at insurers. DFS announced …
  The article N.Y. Announces New, Targeted Cybersecurity Assessments for Insurers appeared first on Insurance Journal.
  
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• Analytics tool helps calculate commercial property risks, remediation

  09-02-2015 18:24
  
  Analytics provider Verisk Insurance Solutions has launched the Risk Engineering Utility tool, which allows underwriters to calculate and model the reduction of loss cost for commercial property.
  
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• Michigan High Court May Accept Auto Insurance Records Case

  09-02-2015 18:22
  
  The Michigan Supreme Court wants to hear more about a dispute over public access to the records of an insurance fund that pays for tragic injuries in car crashes. The state appeals court says records of the Michigan Catastrophic Claims …
  The article Michigan High Court May Accept Auto Insurance Records Case appeared first on Insurance Journal.
  
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• Business survival tips to help clients weather the winter

  09-02-2015 18:19
  Here’s how to minimize cold-weather losses.
  
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• Feds: Ohio Workplace Fatalities on the Rise

  09-02-2015 18:18
  
  Workplace fatalities have been rising in Ohio, and federal officials cite lack of attention to safe work practices and training and the existence of younger and newer manufacturing and construction workforces. There had been an estimated 17 fatal workplace accidents …
  The article Feds: Ohio Workplace Fatalities on the Rise appeared first on Insurance Journal.
  
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• Lockton Adds Employee Benefits Leader Georgia in Milwaukee

  09-02-2015 18:15
  
  Independent insurance broker, Lockton, announced it has added Patrick Georgia as senior vice president and employee benefits practice leader in Milwaukee, Wis. As part of Lockton-Milwaukee, Georgia will help clients by developing benefit programs to meet their needs and manage …
  The article Lockton Adds Employee Benefits Leader Georgia in Milwaukee appeared first on Insurance Journal.
  
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• Insurer: Oklahoma Jazz Museum’s Workers’ Comp Debt Is Paid

  09-02-2015 18:13
  
  A major insurer who had the financially shaky Oklahoma Jazz Hall of Fame on the hook for around $11,200 a couple weeks ago after the museum failed to pay its workers’ compensation premium on time now says the debt’s been …
  The article Insurer: Oklahoma Jazz Museum’s Workers’ Comp Debt Is Paid appeared first on Insurance Journal.
  
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• Houston-Based Broker, J.H. Blades, Acquires Energy Rival Burke-Daniels

  09-02-2015 18:07
  
  J.H. Blades & Co. Inc., an energy-focused managing general agent based in Houston, announced it has purchased wholesale broker Burke-Daniels Co. Inc., which also specializes in the oil and gas energy sector. Terms of the deal were not disclosed. With …
  The article Houston-Based Broker, J.H. Blades, Acquires Energy Rival Burke-Daniels appeared first on Insurance Journal.
  
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• Ambridge Partners Expands Reps & Warranty Coverage for SMEs

  09-02-2015 18:07
  
  Ambridge Partners, a managing general underwriter based in New York City, has formed a new team to focus on underwriting small- to medium-sized transactions.  The group will be led by Jack Sinchak, underwriting manager, who joined the firm in 2007.  …
  The article Ambridge Partners Expands Reps & Warranty Coverage for SMEs appeared first on Insurance Journal.
  
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• Wildfire destroys 40 homes in California's Sierra Nevada region

  09-02-2015 17:52
  A wind-driven wildfire ripped through California's Sierra Nevada region this weekend, charring several thousand acres of land and destroying as many as 40 homes.
  
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• Senate leaders pass mid-year budget, support bus driver insurance - Atlanta Journal Constitution

  09-02-2015 17:49 via ajc.com
  
  Atlanta Journal Constitution
  Senate leaders pass mid-year budget, support bus driver insurance
  Atlanta Journal Constitution
  Senate leaders backed a $276 million spending increase for the rest of this fiscal year Monday and joined House colleagues in voicing support for continued health insurance coverage for part-time school bus drivers. The two chambers will decide in ...
  
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• 5 ways agents can beat Google's new insurance service - PropertyCasualty360

  09-02-2015 17:49 via propertycasualty360.com
  PropertyCasualty360
  5 ways agents can beat Google's new insurance service
  PropertyCasualty360
  And while this news brings anxiety, some agents say they are more than prepared to tackle competition from the Internet giant. “Personally, I'm not afraid of Google entering the marketplace,” says Chris Paradiso, owner of Paradiso Insurance. “We have ...
  
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• 5 ways agents can beat Google's new insurance service

  09-02-2015 17:45
  Yes, it can and will be done. Some agents say they are more than prepared to tackle competition from the insurance giant. Here are their best tips.
  
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• Small Quake Shakes San Francisco, No Damage Reported

  09-02-2015 17:39
  
  The U.S. Geological Survey reported a magnitude 3.1 earthquake struck the San Francisco Bay area. The USGS says the small quake hit at 3:44 a.m. Friday and was centered about a mile east-southeast of Emerald Lake Hills, California, 30 miles …
  The article Small Quake Shakes San Francisco, No Damage Reported appeared first on Insurance Journal.
  
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• Commercial Lines Softening to Continue in U.S. in 2015: Marsh

  09-02-2015 17:38
  
  Competition among property/casualty insurance carriers and the flow of capital into the industry are continuing to drive down rates in most U.S. commercial lines and conditions are particularly favorable for clients with attractive risks and good loss histories, says global …
  The article Commercial Lines Softening to Continue in U.S. in 2015: Marsh appeared first on Insurance Journal.
  
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• Major insurance company coming to Scarborough - WCSH-TV

  09-02-2015 17:34 via wcsh6.com
  
  WCSH-TV
  Major insurance company coming to Scarborough
  WCSH-TV
  (NEWS CENTER) -- According to The Portland Press Herald, a major Canadian based insurance company plans to open a satellite office in Scarborough that could eventually house 200 employees. Sun Life Financial announced Monday that they will open a ...
  Major insurance company opening office in ScarboroughKennebec Journal & Morning Sentinel
  Insurance giant brings new disability center to ScarboroughKeepMEcurrent.com
  
  all 26 news ar
  
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• California high court set to hear worker’s overdose death compensation case

  09-02-2015 17:34
  
  Arguments will be presented to the California Supreme Court next month in the case of an injured worker whose death from a prescription drug overdose was ruled noncompensable under California workers compensation law.
  
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• Disaster Declaration For Most of Nevada Due to Drought

  09-02-2015 17:31
  
  The U.S. Agriculture Department has declared most of Nevada a natural disaster area due to lingering drought. And state water officials say more trouble is brewing for ranchers and farmers in western Nevada where cutbacks have been ordered in irrigation …
  The article Disaster Declaration For Most of Nevada Due to Drought appeared first on Insurance Journal.
  
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• Firefighters Gain on California Wildfire That Destroyed 40 Homes

  09-02-2015 17:29
  
  Firefighters on Sunday evening gained the upper hand on a wind-driven wildfire that destroyed 40 homes, burned nearly 11 square miles and forced about 150 people to leave two small California towns at the eastern base of the Sierra Nevada. …
  The article Firefighters Gain on California Wildfire That Destroyed 40 Homes appeared first on Insurance Journal.
  
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• Utah Seeing More Cyber-Attacks, Likely Due To NSA Facility

  09-02-2015 17:27
  
  Utah state officials have seen what they describe as a sharp uptick in attempts to hack into state computers in the last two years, and they think it related to the NSA data center south of Salt Lake City. The …
  The article Utah Seeing More Cyber-Attacks, Likely Due To NSA Facility appeared first on Insurance Journal.
  
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• Insurer cybersecurity under scrutiny after breach

  09-02-2015 17:19
  (Reuters) — New York's Financial Services Department said on Monday it planned to do regular cybersecurity reviews of insurers in the wake of the massive breach at health insurer Anthem Inc.
  
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• Cyber risks complicate softening commercial casualty rates

  09-02-2015 17:18
  U.S. commercial casualty insurance rates appear likely to follow those of commercial property by softening in 2015, according to a Marsh L.L.C. report.
  
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• Around the Industry: Feb. 9, 2015

  09-02-2015 17:10
  News from Crawford, CNA, IFG, York, Starr and more.
  
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• Hawaii attracted 15 captives in 2014

  09-02-2015 17:07
  Hawaii licensed 15 captives in 2014, down from 17 in 2013, but still the second highest number of formations since 2005.
  
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• CNA’s fourth quarter profit down 10.4%

  09-02-2015 17:03
  CNA Financial Corp. reported fourth-quarter net income of $198 million, down 10.4% from the same period a year earlier due to limited partnerships and lower net investment income.
  
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• Insurance industry gained jobs in December 2014

  09-02-2015 16:56
  2014 ends on a positive note: P&C carrier employment grows by nearly 7,000 jobs
  
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• Insurance commissioners’ group chooses new president-elect

  09-02-2015 16:25
  
  The National Association of Insurance Commissioners has chosen Missouri Insurance Director John M. Huff as its president-elect.
  
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