Insurance news

• West New York's school board broke the law with insurance hire, state says - NJ.com

  17-02-2015 23:53 via nj.com
  
  NJ.com
  West New York's school board broke the law with insurance hire, state says
  NJ.com
  WEST NEW YORK — The West New York school board broke the law when it hired an insurance broker last year, according to the New Jersey Department of Education. But the state says aid will not be affected following the West New York Board of ...
  
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• 6 On Your Side Answers: The importance of renter's insurance - WATE-TV

  17-02-2015 23:04 via wate.com
  
  6 On Your Side Answers: The importance of renter's insurance
  WATE-TV
  KNOXVILLE (WATE) – Across the country, millions of people rent apartments, yet a vast majority of apartment dwellers don't have renters insurance. Jackie from Knoxville asks: “What would renter's insurance cost me?” A new survey by Insurancequotes.com, ...
  
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• Insurer has duty to defend toxic tort cases after policies expired

  17-02-2015 22:52
  Illinois court finds insurers are responsible for defense, however groundless the claims.
  
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• CNA Names Coleman Vice President in Southern California

  17-02-2015 22:41
  
  CNA Financial Corp. has named Andrea Coleman vice president of the Orange County and San Diego branches in California. Coleman will be responsible for leading the branch teams to achieve their goals for continued growth and profitability through producer relationships. Coleman joined CNA in December …
  The article CNA Names Coleman Vice President in Southern California appeared first on Insurance Journal.
  
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• Health plan complaints dominated Missouri insurance issues last year - STLtoday.com

  17-02-2015 22:30 via stltoday.com
  
  STLtoday.com
  Health plan complaints dominated Missouri insurance issues last year
  STLtoday.com
  More Missourians complained about health insurance than any other type of coverage last year, state regulators announced this week. About 1,600 residents filed complaints with the state insurance department against their health insurer last year. That ...
  Missouri Insurance Department Recovers nearly $25M in 2014Insurance Journal
  
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• After Sandy: Insurance Claim Battles Cost Homeowners, Taxpayers - NPR

  17-02-2015 22:24 via npr.org
  
  NPR
  After Sandy: Insurance Claim Battles Cost Homeowners, Taxpayers
  NPR
  It's been more than two years since Superstorm Sandy flooded homes in New York and New Jersey. Yet the legal battles continue over how much insurance should pay. About a thousand homeowners have disputed in court what they call "lowball" estimates ...
  Superstorm Sandy Victims: Insurance Companies Conspired Not To Pay UsCBS Local
  
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• Health Officials Adjust Deadline for Insurance Sign-Ups - U.S. News & World Report

  17-02-2015 21:45 via usnews.com
  
  U.S. News & World Report
  Health Officials Adjust Deadline for Insurance Sign-Ups
  U.S. News & World Report
  The latest figures show that 10 million people have signed up for health insurance during the open enrollment period. By Kimberly Leonard Feb. 17, 2015 | 3:45 p.m. EST + More. The second open-enrollment period for health insurance under the Affordable ...
  ObamaCare exchanges weigh extending deadline for insurance sign-upsFox News
  Health-insurance sign-ups fall short; enrollment period
  
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• Pacific Specialty Adds Biewer, Lee to C-Suite

  17-02-2015 21:29
  
  Pacific Specialty Insurance Co. has named David Biewer as chief financial officer and Jim Lee as chief information officer. Biewer spent the past 14 years at Esurance, the last nine years as chief actuary and vice president of actuarial. Lee …
  The article Pacific Specialty Adds Biewer, Lee to C-Suite appeared first on Insurance Journal.
  
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• Arthur J. Gallagher Acquires Cohn Financial in Arizona

  17-02-2015 21:19
  
  Arthur J. Gallagher & Co. has acquired Cohn Financial Group LLC located in Phoenix, Ariz. Terms of the deal were not disclosed. Michael Cohn and his associates will continue to operate in their current location under the direction of Norbert Chung, head of …
  The article Arthur J. Gallagher Acquires Cohn Financial in Arizona appeared first on Insurance Journal.
  
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• Oklahoma work comp law unconstitutional?

  17-02-2015 21:17
  
  A group of workers compensation attorneys representing two injured workers has asked the Oklahoma Supreme Court to declare the Oklahoma Employee Injury Benefit Act unconstitutional.
  
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• NYS Assemblyman Goldfeder Named to Influential Assembly Insurance Committee - Yeshiva World News

  17-02-2015 21:11 via theyeshivaworld.com
  
  Yeshiva World News
  NYS Assemblyman Goldfeder Named to Influential Assembly Insurance Committee
  Yeshiva World News
  pg Assemblyman Phil Goldfeder (D – Rockaway) today announced his appointment to the New York State Assembly Committee on Insurance. The influential committee is responsible for reviewing legislation and holding public oversight hearings relating to ...
  
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• Russian researchers expose breakthrough U.S. spying program

  17-02-2015 20:41
  (Reuters) — The U.S.
  
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• Workers comp insurer expands in Midwest, South

  17-02-2015 20:25
  Sagamore Insurance Co., a unit of Baldwin & Lyons Inc., has expanded its workers compensation program to Tennessee, Kentucky, Oklahoma, Mississippi, Kansas and Arkansas.
  
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• CVS warns new cholesterol drugs could break the health care bank

  17-02-2015 20:15
  
  (Reuters) — CVS Health on Monday warned that costs of a potent new class of cholesterol treatments and other specialty drugs in development could eclipse those of expensive new medicines and overwhelm the health care system.
  
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• Insurance protects travelers impacted by winter storms - wwlp.com

  17-02-2015 19:20 via wwlp.com
  
  Insurance protects travelers impacted by winter storms
  wwlp.com
  WEST SPRINGFIELD, Mass. (WWLP) – February vacation trips got off to a delayed start for many western Mass. families. They were forced to stay home and reschedule after the latest winter storm impacted their travel plans. “Our flight was cancelled. We ...
  
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• Injured worker’s caretaker wife not eligible for mental health therapy

  17-02-2015 19:11
  
  An Iowa employer should not pay for therapy for an injured worker’s wife who has been the primary caretaker for her husband since his work accident, an Iowa appeals court has ruled.
  
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• Atlas in California Names Lasher SVP of Commercial Operations

  17-02-2015 19:02
  
  San Diego, Calif.-based Atlas General Insurance Services LLC has named Charles Lasher senior vice president of commercial operations. Lasher will be responsible for development, implementation and distribution of small-to-medium sized niche managed programs for various commercial segments nationwide. Lasher has …
  The article Atlas in California Names Lasher SVP of Commercial Operations appeared first on Insurance Journal.
  
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• Sagamore Insurance Expands Workers Compensation Program to 6 States - Insurance Journal

  17-02-2015 18:55 via insurancejournal.com
  
  Business Insurance
  Sagamore Insurance Expands Workers Compensation Program to 6 States
  Insurance Journal
  Sagamore Insurance Co., a subsidiary of Baldwin & Lyons Inc., is expanding its mono-line workers' compensation program into six new states: Tennessee, Kentucky, Oklahoma, Mississippi, Kansas and Arkansas. The program, which offers coverage for a ...
  Workers comp insurer expands in Midwest, SouthBusiness Insurance
  
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• Berkley Life Sciences Adds Foreign Corrupt Practices Act Expense Coverage

  17-02-2015 18:40
  
  Berkley Life Sciences, a W. R. Berkley Co., has launched Corporate Lifeline, a new coverage for life science companies seeking to effectively address increased government scrutiny of company practices under the Foreign Corrupt Practices Act. In 2009 the Criminal Division …
  The article Berkley Life Sciences Adds Foreign Corrupt Practices Act Expense Coverage appeared first on Insurance Journal.
  
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• Voter ID, Tort Reform Among Amendments Filed in Arkansas

  17-02-2015 18:31
  
  Reinstating Arkansas’ voter ID law, imposing new restrictions on lawsuit damages and eliminating the lieutenant governor’s office are among the dozens of ideas lawmakers would like to put on the ballot in 2016. With about 40 proposed constitutional amendments filed …
  The article Voter ID, Tort Reform Among Amendments Filed in Arkansas appeared first on Insurance Journal.
  
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• Sagamore Insurance Expands Workers Compensation Program to 6 States

  17-02-2015 18:28
  
  Sagamore Insurance Co., a subsidiary of Baldwin & Lyons Inc., is expanding its mono-line workers’ compensation program into six new states: Tennessee, Kentucky, Oklahoma, Mississippi, Kansas and Arkansas. The program, which offers coverage for a variety of class codes, has …
  The article Sagamore Insurance Expands Workers Compensation Program to 6 States appeared first on Insurance Journal.
  
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• Missouri Insurance Department Recovers nearly $25M in 2014

  17-02-2015 18:27
  
  The Missouri Department of Insurance announced it recovered approximately $11.7 million for consumers who filed complaints against their insurance companies and an additional $12.7 million for Missourians through regulatory, market conduct settlements in 2014. The department’s consumer affairs division handled …
  The article Missouri Insurance Department Recovers nearly $25M in 2014 appeared first on Insurance Journal.
  
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• Minnesota Suppliers Hit by Target Canada Bankruptcy Filing

  17-02-2015 18:23
  
  The end of Target’s Canadian operations is having a financial impact on businesses in Minnesota that supplied the retailer. Target’s Canadian division filed for bankruptcy protection last month and owes nearly $5 million to Minnesota suppliers and service providers, including …
  The article Minnesota Suppliers Hit by Target Canada Bankruptcy Filing appeared first on Insurance Journal.
  
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• South Dakota Workplace Shooting Leaves 2 Dead, 2 Injured

  17-02-2015 18:20
  
  The mood in the community of Lennox, S.D., is somber and likely will remain that way for a while, as residents prepare for the funeral of a man killed in a workplace shooting. The funeral for Jon Richter, 45, is …
  The article South Dakota Workplace Shooting Leaves 2 Dead, 2 Injured appeared first on Insurance Journal.
  
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• Alabama Police, City Sued by Tourist Visiting from India After Assault

  17-02-2015 18:18
  
  A man from India who was slammed to the ground by a police officer had been singled out by police after a caller said a “skinny black guy” with a toboggan hat was walking in the neighborhood and peering into …
  The article Alabama Police, City Sued by Tourist Visiting from India After Assault appeared first on Insurance Journal.
  
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• North Dakota Officials Stress Job Resiliency in Oil Industry

  17-02-2015 18:14
  
  A recent slide in oil prices is leading to fewer jobs in the western North Dakota oil patch, but officials there and in northwestern South Dakota say the regional industry is resilient and will ride out the slump. Openings posted …
  The article North Dakota Officials Stress Job Resiliency in Oil Industry appeared first on Insurance Journal.
  
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• IRS to seek input on multiemployer suspensions

  17-02-2015 17:56
  
  The IRS will seek public input on how to handle benefit reductions now allowed for troubled multiemployer pension funds.
  
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• Conner Strong & Buckelew Hires Gosnear as Managing Director in Penn.

  17-02-2015 17:51
  
  Conner Strong & Buckelew, an insurance brokerage and consulting firm with headquarters in Marlton, New Jersey, and Philadelphia, hired Timothy Gosnear as managing director/senior vice president, Major Accounts and a co-practice leader of the Life Sciences Group. He will be …
  The article Conner Strong & Buckelew Hires Gosnear as Managing Director in Penn. appeared first on Insurance Journal.
  
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• Montana Bill Would Add Tree Wells As ‘Risk Of Skiing’

  17-02-2015 17:50
  
  The Legislature is passing a bill that would include tree wells as one of the risks of skiing in Montana. Senate Bill 164 will go to Gov. Steve Bullock next for his consideration. Sponsored by Republican Sen. Brian Hoven of …
  The article Montana Bill Would Add Tree Wells As ‘Risk Of Skiing’ appeared first on Insurance Journal.
  
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• Woodruff-Sawyer Names Four New Partners From West

  17-02-2015 17:32
  
  San Francisco, Calif.-based Woodruff-Sawyer & Co. has named four executives as partners: Kim Armanasco and Michelle Droz from the San Francisco office, Jared Pelissier of the Southern California office, and Brad Wagenaar in the firm’s Hawaii office/Risk Solutions Partners. Armanasco, …
  The article Woodruff-Sawyer Names Four New Partners From West appeared first on Insurance Journal.
  
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• Main Street America Promotes Kusch, Daly

  17-02-2015 17:31
  
  The Main Street America Group has promoted Jeff Kusch from Western region president to senior vice president/head of field operations and Tiffany Daly to president of its Western region. Kusch has been the company’s Western Region president since 2012. He …
  The article Main Street America Promotes Kusch, Daly appeared first on Insurance Journal.
  
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• NICB to Boston-Area Homeowners: Beware of Insurance Scammers

  17-02-2015 17:29
  
  The National Insurance Crime Bureau advised that as the Northeast continues to get pounded by storm after storm, there’s one more threat that Bostonians need to watch out for: shady contractors or “storm chasers” looking to make a fraudulent buck …
  The article NICB to Boston-Area Homeowners: Beware of Insurance Scammers appeared first on Insurance Journal.
  
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• Penn. Mansion Fires Spark $20M in Payouts, Suicide, Fraud Case

  17-02-2015 17:20
  
  She bought draperies flecked with Swarovski crystals. The ceiling mural at her “Gone with the Wind”-inspired mansion in Doylestown, Pennsylvania, featured her family in robes, gazing down from the heavens. And Claire Risoldi’s grand Republican fundraising soirees included the time …
  The article Penn. Mansion Fires Spark $20M in Payouts, Suicide, Fraud Case appeared first on Insurance Journal.
  
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• Ex-Hartford leader Liam McGee dead at 60

  17-02-2015 16:17
  
  Hartford Financial Services Group Inc. former Chairman, President and CEO Liam McGee died at the age of 60 on Feb. 13.
  
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• Airbags: An explosive answer to injury prevention

  17-02-2015 16:10
  Despite major advances, airbags still pose a danger to the unwary.
  
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• AIG plans to cut at least 3% of annual expenses through 2017

  17-02-2015 16:06
  AIG is planning to cut annual general operating costs by 3% to 5% through 2017.
  
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• Anthem starts providing ID theft, credit monitoring after hack

  17-02-2015 16:00
  Anthem’s current and former members can sign up for identity-theft and credit-monitoring services, measures to protect as many as 80 million people whose data may have been compromised in a hacking incident.
  
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• Renters insurance: Here are 5 key facts that all agents & brokers need to know

  17-02-2015 15:53
  Want to take advantage of the coverage opportunities in this market? Know these facts.
  
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• Hacker group has stolen $1B from financial companies worldwide since 2013

  17-02-2015 15:53
  A hacker group has stolen as much as $1 billion from banks and other financial companies worldwide since 2013 in an “unprecedented cyber-robbery.”
  
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• Liam McGee, CEO who led Hartford through bailout, dies at 60

  17-02-2015 15:40
  McGee died Feb. 13 after a two-year battle with cancer at the age of 60. He ran Hartford as CEO from Oct. 2009 through the middle of 2014, turning around an insurer that had been forced into a U.S. government rescue.
  
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• Republicans want to reform disability insurance. Here's why that's hard. - Washington Post (blog)

  17-02-2015 15:33 via washingtonpost.com
  
  Washington Post (blog)
  Republicans want to reform disability insurance. Here's why that's hard.
  Washington Post (blog)
  Republicans have been railing against big government for years, but for the past two decades they have all but ignored the growth of one of the nation's biggest and costliest programs: Social Security Disability Insurance (SSDI). That may be changing.
  
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• More than 10 million enroll in health coverage, avoiding tax penalty

  17-02-2015 15:29
  At the main public library in downtown Washington, Anthony Cook, 33, who runs a startup dog-walking business, signed up for a health plan Friday through the D.C. exchange, less than 72 hours before the Feb. 15 open-enrollment deadline.
  
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• Enrollment tops HHS goal as consumers face tax penalties

  17-02-2015 15:29
  
  At the main public library in downtown Washington, Anthony Cook, 33, who runs a startup dog-walking business, signed up for a health plan Friday through the D.C. exchange, less than 72 hours before the Feb. 15 open-enrollment deadline.
  
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• Brit Insurance Policy Should Pay Out for Fairfax - Wall Street Journal

  17-02-2015 15:15 via wsj.com
  
  Wall Street Journal
  Brit Insurance Policy Should Pay Out for Fairfax
  Wall Street Journal
  Offer any investor a 30% return in less than a year and they'd either bite your hand off or assume you were mad. But that is what is on the table for those who bought into Brit Insurance 's initial public offering last March with the agreed £1.2 ...
  Brit Insurance agrees to £1.22bn takeover by Canadian rivalTelegraph.co.uk
  Fairfax buys Brit Insurance for £1.22bnThe Times (subscription)
  Fairfax to
  
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• These Insurance Giants Are Poised for Growth - U.S. News & World Report (blog)

  17-02-2015 15:12 via money.usnews.com
  
  U.S. News & World Report (blog)
  These Insurance Giants Are Poised for Growth
  U.S. News & World Report (blog)
  As the U.S. economy continues to improve, many market-watchers expect the Federal Reserve to begin raising interest rates some time later this year. Although an environment of increasing rates is generally bad for the stock market, some industries such ...
  
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• 7 things to know for Southwest Michigan residents still without health insurance - MLive.com

  17-02-2015 15:04 via mlive.com
  
  MLive.com
  7 things to know for Southwest Michigan residents still without health insurance
  MLive.com
  More than 6,800 Michiganders chose marketplace plans in October and November, according to the federal government. Melissa Anders | [email protected] · Print · Julie Mack | [email protected] By Julie Mack | [email protected] The Kalamazoo ...
  
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• Lloyd's insurer Brit snapped up for $1.88B

  17-02-2015 15:02
  
  (Reuters) — Fairfax Financial Holdings Ltd., the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit P.L.C. for about $1.
  
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• Lloyd's insurer Brit snapped up for $1.88 billion

  17-02-2015 15:02
  
  (Reuters) — Fairfax Financial Holdings Ltd., the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit P.L.C. for about $1.
  
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• Infographic: Reaching the millennial consumer

  17-02-2015 14:55
  Want to know how millennials research and purchase P&C insurance, and their concerns and behaviors regarding the industry?
  
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• Lancashire Seen as Target as Lloyd’s Consolidation Trend Continues

  17-02-2015 14:22
  
  Lloyd’s of London insurers Lancashire Holdings plc and Novae Group plc may be the next in line for takeover offers after Brit plc became the second U.K. firm within weeks to be acquired. Lancashire, which gained access to the world’s …
  The article Lancashire Seen as Target as Lloyd’s Consolidation Trend Continues appeared first on Insurance Journal.
  
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