Insurance news

• Insurance Defense Team Moves to Carlock Copeland - Daily Report (registration)

  10-02-2015 23:06 via dailyreportonline.com
  
  Insurance Defense Team Moves to Carlock Copeland
  Daily Report (registration)
  Seated L-R Beth Bentley and Haley Crass. Standing L-R Richard Foster and Marc Hood. Photo by John Disney/Daily Report. John Disney/Daily Report. Richard Foster has moved his insurance defense practice from the Marietta firm Hicks, Casey & Foster to ...
  
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• Texas Insurance Brokers Play Bigger Obamacare Role - NPR

  10-02-2015 22:55 via npr.org
  
  Texas Insurance Brokers Play Bigger Obamacare Role
  NPR
  Despite an uneasy relationship to the health law, insurance brokers are touting their expertise and helping Texans sign up for Affordable Care Act insurance. Copyright © 2015 NPR. For personal, noncommercial use only. See Terms of Use. For other uses ...
  
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• Business Insurance opens nominations for Benefit Manager of the Year®

  10-02-2015 22:41
  
  Know an outstanding benefit manager? Nominate him or her for Benefit Manager of the Year®.
  
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• Aon Affinity launches D&O products for nonprofit groups

  10-02-2015 21:47
  
  Affinity Insurance Services Inc., the consumer, association and program business of Aon P.L.C., on Tuesday launched a directors and officers liability insurance that extends coverage to several types of nonprofit organizations.
  
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• New York transit agency captive leads coverage in fatal commuter crash

  10-02-2015 21:12
  
  The Metropolitan Transit Authority's captive insurer, First Mutual Transportation Assurance Co.
  
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• Forbes.com infected by hackers in campaign to spy on specific visitors

  10-02-2015 21:01
  (Reuters) — The Forbes.com financial news site was infected by Chinese hackers with spying software that targeted specific visitors, including those at U.S. financial services and defense firms, according to two cybersecurity firms.
  
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• Report: Anthem may have up to $200M in cyber insurance - SC Magazine

  10-02-2015 20:52 via scmagazine.com
  
  kjrh.com
  Report: Anthem may have up to $200M in cyber insurance
  SC Magazine
  In the wake of its massive data breach, Anthem may have a substantial safety net in the form of cyber coverage from insurers. According to a recent report in Business Insurance, Anthem has $150 million to $200 million in cyber insurance, including ...
  State insurance officials offer tips after cyber attackCoeur d'Alene Press
  Insurance companies pushing identity theft coverage after massive cyber-attack ...kjrh.com
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• U.S property/casualty insurers expected to show profit

  10-02-2015 20:52
  
  U.S property/casualty insurers are expected to show a second straight year of underwriting profit in 2014 despite a slightly worse combined ratio and slowing premium growth, according to a new report from A.M. Best Co. Inc.
  
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• Here's how a quiet year for catastrophe claims became one of the most expensive ever for insurers

  10-02-2015 20:40
  Turns out 2014 was the fourth-busiest year on record for severe weather damages.
  
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• Obamacare Insurance is 'Unaffordable' for 105 Million Americans - The Weekly Standard (blog)

  10-02-2015 20:31 via weeklystandard.com
  
  Obamacare Insurance is 'Unaffordable' for 105 Million Americans
  The Weekly Standard (blog)
  Coverage is deemed to be not “affordable” according to the ACA if the employee's share of the annual premium for self-only coverage is greater than 9.5 percent of their annual household income. An employer plan must cover at least 60 percent of total ...
  
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• Take a look at these epic pictures of Massachusetts buried in snow

  10-02-2015 20:18
  On Monday a slow-moving storm -- dubbed "Winter Storm Marcus" -- made its way through the Boston area, helping the city set the record for the most snowfall in 30 days.
  
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• Take a look at these epic photos of Massachusetts buried in snow

  10-02-2015 20:18
  On Monday a slow-moving storm -- dubbed "Winter Storm Marcus" -- made its way through the Boston area, helping the city set a new record for the most snowfall in 30 days.
  
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• Insurance and Its Discontents - New York Times (blog)

  10-02-2015 19:39 via opinionator.blogs.nytimes.com
  Insurance and Its Discontents
  New York Times (blog)
  The phone call came two billing cycles after Ben and I had increased his session frequency to twice a week. A woman identifying herself as “an independently licensed care advocate” with a large insurance company left a message asking me to call back.
  
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• Cal U. of Pennsylvania Teaches Tricky Science of Predicting Snow

  10-02-2015 19:19
  
  Predicting winter weather is a slippery slope. People depend on weather forecasters to tell them when to stock up on milk and bread, but if a predicted blizzard doesn’t materialize, a flurry of complaints surface on social media. Snow is …
  The article Cal U. of Pennsylvania Teaches Tricky Science of Predicting Snow appeared first on Insurance Journal.
  
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• Agent-Broker Profitability Reaches Record 21% for 2014: Reagan Consulting

  10-02-2015 19:09
  
  Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability for EBITDA (earnings before interest, taxes, depreciation and amortization) …
  The article Agent-Broker Profitability Reaches Record 21% for 2014: Reagan Consulting appeared first on Insurance Journal.
  
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• Rise in job openings shows U.S. labor market momentum

  10-02-2015 19:02
  Unfilled positions at U.S. companies climbed in December to an almost 14-year high and hiring accelerated, underscoring a thriving labor market that points to a pickup in wage growth.
  
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• Ohio Insurance Director Warns Insurers Against Use of Price Optimization

  10-02-2015 18:41
  
  Lieutenant Governor and Department of Insurance Director Mary Taylor has warned Ohio insurers against the use of price optimization that can result in unfair discrimination. Taylor recently issued Bulletin 2015-01, dated Jan. 29, to Ohio insurance companies noting that the …
  The article Ohio Insurance Director Warns Insurers Against Use of Price Optimization appeared first on Insurance Journal.
  
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• Northcourt expands nuclear coverage

  10-02-2015 18:39
  
  Managing general agent Northcourt Ltd. has launched a nuclear liability insurance facility.
  
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• XL, RPS/Plus to Offer Professional Liability Coverage to Title, Escrow Agents

  10-02-2015 18:37
  
  XL Group and RPS/Plus Cos. have expanded their underwriting partnership to bring professional liability insurance to title & escrow agents. According to Erin Fry, head of Programs for XL Group’s Select Professional business in North America, XL Group and The …
  The article XL, RPS/Plus to Offer Professional Liability Coverage to Title, Escrow Agents appeared first on Insurance Journal.
  
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• CapSpecialty Adds D&O, EPL Product to Insurance Company Coverage Offerings - Insurance Journal

  10-02-2015 18:35 via insurancejournal.com
  
  CapSpecialty Adds D&O, EPL Product to Insurance Company Coverage Offerings
  Insurance Journal
  CapSpecialty has launched a new insurance company directors & officers/employment practices liability (D&O/EPL) product issued by Capitol Specialty Insurance Corp. Insurance company D&O/EPL is a specialty product expressly designed for small and ...
  
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• CapSpecialty Adds D&O, EPL Product to Insurance Company Coverage Offerings

  10-02-2015 18:27
  
  CapSpecialty has launched a new insurance company directors & officers/employment practices liability (D&O/EPL) product issued by Capitol Specialty Insurance Corp. Insurance company D&O/EPL is a specialty product expressly designed for small and mid-sized insurance companies, offering wholesale brokers an additional …
  The article CapSpecialty Adds D&O, EPL Product to Insurance Company Coverage Offerings appeared first on Insurance Journal.
  
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• Did Electrified Third Rail Make New York Train Wreck Deadlier?

  10-02-2015 18:26
  
  It was a hellish scenario investigators had never seen before: 400 feet of electrified third rail snapped into 12 pieces and speared a commuter train during a fiery collision with an SUV. Now officials want to know whether the rail’s …
  The article Did Electrified Third Rail Make New York Train Wreck Deadlier? appeared first on Insurance Journal.
  
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• Conn. Tax Commissioner Says Anthem Customers Should File Taxes Quickly

  10-02-2015 18:20
  
  Connecticut’s tax commissioner is urging taxpayers expecting federal or state income tax refunds who may be affected by the Anthem data breach to file their taxes quickly. Kevin Sullivan, head of the Department of Revenue Services, said the personally identifiable …
  The article Conn. Tax Commissioner Says Anthem Customers Should File Taxes Quickly appeared first on Insurance Journal.
  
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• Missouri Insurance Director Named NAIC President-Elect

  10-02-2015 18:13
  
  Members of the National Association of Insurance Commissioners (NAIC) have elected Missouri Insurance Director John M. Huff to fill the vacant position of the office of president-elect. The office was vacated on Jan. 20 when former Pennsylvania Insurance Commissioner Michael …
  The article Missouri Insurance Director Named NAIC President-Elect appeared first on Insurance Journal.
  
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• Confie Seguros Acquires Texas-Based Baja Auto Insurance

  10-02-2015 18:07
  
  Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, Calif., announced it has acquired Baja Auto Insurance, which provides auto insurance throughout Texas. Founded in 2006 with one store in Dallas, Baja has since grown organically …
  The article Confie Seguros Acquires Texas-Based Baja Auto Insurance appeared first on Insurance Journal.
  
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• Cameron M. Wilson & Associates Promotes Goldberg in Michigan

  10-02-2015 18:05
  
  Kalamazoo, Mich.-based Cameron M. Wilson & Associates recently promoted Amanda Goldberg to director of marketing and communication. Goldberg’s duties will include maintaining existing and cultivating new relationships with retail insurance agents across the Midwest. As a customer of Cameron M. …
  The article Cameron M. Wilson & Associates Promotes Goldberg in Michigan appeared first on Insurance Journal.
  
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• 6 ways to reduce business premises liability

  10-02-2015 17:50
  Simple steps and planning can decrease risk.
  
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• OSHA slams state's worker safety standard

  10-02-2015 17:43
  
  The Occupational Safety and Health Administration last week rejected Arizona's residential fall protection standards, which cover workers in residential construction, saying the standards fall short of equivalent federal standards.
  
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• OSHA slams state’s worker safety standard

  10-02-2015 17:43
  
  The Occupational Safety and Health Administration last week rejected Arizona’s residential fall protection standards, which cover workers in residential construction, saying the standards fall short of equivalent federal standards.
  
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• Corporate retirement plans near tipping point

  10-02-2015 17:34
  
  Corporate defined contribution assets soon will overtake those of corporate defined benefit plans — and that could change everything.
  
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• U.S. Forming Central Cybersecurity Agency

  10-02-2015 17:32
  
  The U.S. government is creating a new agency to monitor cybersecurity threats, pooling and analyzing information on a spectrum of risks, a senior Obama administration official said on Tuesday. The Cyber Threat Intelligence Integration Center (CTIIC) will be an “intelligence …
  The article U.S. Forming Central Cybersecurity Agency appeared first on Insurance Journal.
  
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• Montana Lawmakers Consider Ban on Cellphones While Driving

  10-02-2015 17:27
  
  Lawmakers are expected to consider a bill that would ban the use of cellphones by motorists across the state. Montana is the only state in the country that does not ban at least some drivers from texting. Several Montana cities …
  The article Montana Lawmakers Consider Ban on Cellphones While Driving appeared first on Insurance Journal.
  
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• Climate Change Affecting Hawaii Island Storms, Researchers Say

  10-02-2015 17:25
  
  Two university of Hawaii researchers say climate change is affecting rainfall on Hawaii Island. The researchers say heavy rainstorms are occurring more often on the Big Island. The Honolulu Star-Advertiser reported Ying Chen and Pao-Shin Chu reported their findings in …
  The article Climate Change Affecting Hawaii Island Storms, Researchers Say appeared first on Insurance Journal.
  
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• Marsh predicts flatter commercial P/C rates this year

  10-02-2015 17:17
  
  Intense competition among commercial property/casualty insurers is expected to continue this year, according to a report by Marsh L.L.C.
  
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• Hub Adds Curry and Welch to Entertainment Practice in California

  10-02-2015 17:10
  
  Hub International Limited has added Bobbi Curry and Robyn Welch to its entertainment practice in Los Angeles, Calif. Curry, named managing director of entertainment, focuses on commercial risks including live event production and music and touring risks. Welch, named managing …
  The article Hub Adds Curry and Welch to Entertainment Practice in California appeared first on Insurance Journal.
  
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• GOP reform plan rolls back Cadillac tax to woo conservatives

  10-02-2015 17:09
  
  Congressional Republican leaders are hoping to rally their colleagues behind a new repeal-and-replace package for the Patient Protection and Affordable Care Act.
  
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• Around the Industry: Feb. 10, 2015

  10-02-2015 17:08
  News from Main Street America Group, Charles Taylor Risk Consulting, Berkshire Hathaway and more.
  
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• U.S. to establish new cybersecurity agency

  10-02-2015 17:04
  
  (Reuters) — The U.S. government is creating a new agency to monitor cybersecurity threats, pooling and analyzing information on a spectrum of risks, a senior Obama administration official said on Tuesday.
  
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• Frankenmuth Insurance employees earn professional insurance designations - MLive.com

  10-02-2015 16:50 via mlive.com
  
  MLive.com
  Frankenmuth Insurance employees earn professional insurance designations
  MLive.com
  FRANKENMUTH, MI -- Four Frankenmuth Insurance employees, Mary Ann McChesney, Lora DeLong, Scott Merrihew and Britney Johnstin, have earned professional insurance designations. McChesney, who joined Frankenmuth Insurance in 1981, earned ...
  
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• The war on fun: 10 ways risk tolerances have changed since the 1970s

  10-02-2015 16:47
  These days we all imagine the worst-case scenario in any situation. It's safer, but it doesn't always feel like it.
  
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• Ex-Gallagher International CEO named to oversee Towergate restructuring

  10-02-2015 16:19
  
  David Ross has been appointed CEO of Sierra Investment Holdings Ltd., the portfolio company set up by private investment firm Highbridge Principal Strategies to invest in London-based brokerage consolidator Towergate Group P.L.C.
  
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• London market consolidation set to continue

  10-02-2015 16:05
  
  The drivers that have led to a spate of mergers and acquisitions in the London insurance market appear set to continue, according to a report by A.M. Best Co. Inc.
  
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• Catlin reports profit increase ahead of XL merger

  10-02-2015 16:04
  
  Catlin Group Ltd. Tuesday reported pre-tax profit to $488 million for 2014, a 13% increase over2013 as the Hamilton, Bermuda-based insurer and reinsurer reported improved investment income.
  
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• Scor rates down on steady gross written premiums

  10-02-2015 15:55
  
  Rates decreased by an average 0.7% at the Jan. 1 reinsurance renewal, according to Scor Global P&C, the property and casualty reinsurance arm of Paris-based reinsurer Scor S.E.
  
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• Reinsurance rates slip at renewal

  10-02-2015 15:55
  
  Rates decreased by an average 0.7% at the Jan. 1 reinsurance renewal, according to Scor Global P&C, the property and casualty reinsurance arm of Paris-based reinsurer Scor S.E.
  
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• Verisk launches new analytics tool for commercial property underwriters

  10-02-2015 15:54
  The underwriter can select scenarios that would eliminate one to three hazards, and after which the software recalculates the loss cost with the deficiency corrected.
  
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• Smartcars Pose Cyber Risk to Drivers, Senator Warns

  10-02-2015 14:07
  
  Automakers are adding wireless technologies into vehicles without enough protection to keep hackers from interfering the operation of a car or stealing personal information, according to a report by U.S. Senator Edward Markey. Cars are now being built with Bluetooth, …
  The article Smartcars Pose Cyber Risk to Drivers, Senator Warns appeared first on Insurance Journal.
  
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• What's the next piece of knowledge in personal lines business?

  10-02-2015 14:06
  Don’t work harder, work smarter with customer lifetime value analysis or claims modeling. It’s more important than ever in today’s environment to make decisions—or those great innovative leaps—only after quantifying, understanding and evaluating the inherent risks.
  
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• Here's what you don't know about today's personal lines business

  10-02-2015 14:06
  Don’t work harder, work smarter with customer lifetime value analysis and claims modeling.
  
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• Study finds it cheaper for students to buy insurance than go without - Los Angeles Times

  10-02-2015 14:05 via latimes.com
  
  Los Angeles Times
  Study finds it cheaper for students to buy insurance than go without
  Los Angeles Times
  As this year's deadline to sign up for Obamacare fast approaches, California State University officials are trying to show students that buying health insurance makes financial sense. lRelated New Obamacare enrollment in L.A. County tops 81,000 as ...
  Share “California study finds it cheaper for...”NewsOK.com
  Healthcare enrollment event fails to draw out uninsured studentsSpartan Dai
  
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