Insurance news

• Obama set to veto Republican bid to force Keystone XL pipeline approval

  24-02-2015 21:58
  U.S. President Barack Obama Tuesday will veto legislation that would clear the way for the Keystone XL pipeline, his spokesman said, while not ruling out eventual White House approval of the project.
  
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• SIAA Grew Premium to $5.7B, Signed 410 New Member Agencies in 2014

  24-02-2015 21:50
  
  SIAA (Strategic Insurance Agency Alliance) said it grew premium by $901 million in 2014 to $5.7 billion, with 80 percent of its growth coming from existing member agencies. Premium growth with SIAA’s strategic partner companies was up more than $576 …
  The article SIAA Grew Premium to $5.7B, Signed 410 New Member Agencies in 2014 appeared first on Insurance Journal.
  
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• Have a second home in Florida? Your flood insurance is going up

  24-02-2015 20:57
  If you own a second home in Florida, you're going to be paying more for flood insurance than people who reside there full-time.
  
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• Weaver Joins Aegis Specialty Insurance Services in California

  24-02-2015 20:56
  
  Sunnyvale, Calif.-based Aegis Specialty Insurance Services has named Brian Weaver vice president of sales. Weaver has more than 34 years of insurance sales experience. Most recently, Weaver was vice president of sales for Pacific Specialty Insurance Co. Aegis Specialty is …
  The article Weaver Joins Aegis Specialty Insurance Services in California appeared first on Insurance Journal.
  
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• State ups some, cuts other workers comp medical fees

  24-02-2015 20:38
  
  North Carolina will lower payments to hospitals but increase payments to physicians treating workers compensation patients under medical fee schedule revisions.
  
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• Goldman warns of federal lawsuit risk over mortgage bond sales

  24-02-2015 20:37
  
  (Reuters) — Goldman Sachs Group Inc. said it could face a federal civil lawsuit after a government probe concluded that the bank had violated laws related to sale of residential mortgage-backed securities before the financial crisis.
  
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• Insurer CFOs name technology as biggest hurdle to capital use

  24-02-2015 20:17
  Towers Watson survey and infographic reveals what areas concern P&C chief financial officers, where they will spend capital, and what drives capital use.
  
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• Humana, Weight Watchers team to curtail obesity

  24-02-2015 20:13
  
  Humana Inc. on Tuesday said it has partnered with Weight Watchers International Inc. to target employee obesity by providing weight management services to employers insured through Humana’s health care plans.
  
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• More large employers turning to pension de-risking

  24-02-2015 19:59
  
  Once a rarity, employer efforts to “de-risk” their pension plans are moving into a mainstream corporate benefits approach.
  
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• Willis buys stake in Indian brokerage

  24-02-2015 19:52
  
  Willis Group Holdings P.L.C. announced Tuesday it has agreed to buy a 49% stake in New Delhi-based insurance brokerage Almondz Insurance Brokers Private Ltd.
  
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• Live Nation sued over Jay-Z tune

  24-02-2015 19:46
  
  When Jay-Z rapped about “spending cheese” in his 1999 hit “Big Pimpin’,” we imagine he wasn’t referring to shelling out for the endless litigation that has resulted from the song’s release.
  
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• Willis investment unit opens Sydney office

  24-02-2015 19:44
  
  Willis Capital Markets & Advisory on Tuesday said it will open an office in Sydney and that managing director John D. Philipsz will move from London to Sydney to establish company operations there.
  
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• Home Depot cyber breach costs at $33 million and counting

  24-02-2015 19:05
  Home Depot Inc.
  
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• Analyst: Taxi Medallions No ‘Safe haven’ in Wake of Uber

  24-02-2015 18:59
  
  Uber, the popular ride-hailing app, is hitting taxicabs where it hurts: The medallion business. Taxi companies make money by charging drivers for medallions, or licenses to drive their cabs. In a note to investors last week, Jefferies analyst Sean Darby …
  The article Analyst: Taxi Medallions No ‘Safe haven’ in Wake of Uber appeared first on Insurance Journal.
  
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• Conn. Senator Urges DOJ to Investigate Auto Insurers’ ‘Preferred’ Repair Shops

  24-02-2015 18:49
  
  U.S. Senator Richard Blumenthal (D-Conn.) is urging the Department of Justice (DOJ) to investigate a recently aired CNN report’s allegation that auto insurers may be pressuring consumers to repair their vehicles at the insurers’ preferred repair shops. “Contrary to what …
  The article Conn. Senator Urges DOJ to Investigate Auto Insurers’ ‘Preferred’ Repair Shops appeared first on Insurance Journal.
  
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• IBTX Risk Services Opens Office in Houston

  24-02-2015 18:40
  
  San Antonio-based independent insurance agency, IBTX Risk Services, announced it has expanded into the Houston market. IBTX will engage clients and prospects in this new market, working to expand their client base in the property and casualty, oil and gas, …
  The article IBTX Risk Services Opens Office in Houston appeared first on Insurance Journal.
  
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• Donald Trump Withdraws Lawsuit Against Florida City Over Noise Ordinance Violations

  24-02-2015 18:32
  
  Donald Trump has withdrawn a lawsuit he just filed against city officials in a Miami suburb over noise-ordinance violations against his resort. Trump spokesman Ed Russo was quoted by the Miami Herald last week as saying that the lawsuit was …
  The article Donald Trump Withdraws Lawsuit Against Florida City Over Noise Ordinance Violations appeared first on Insurance Journal.
  
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• Insurance Department: 1-in-3 Missourians Impacted by Anthem Data Breach

  24-02-2015 18:32
  
  The Missouri Department of Insurance reported it received new information from Anthem that shows one-in-three Missourians’ personal information was compromised during a recent cyberattack on the health insurer. More than 2 million Missourians are affected by the data breach. “This …
  The article Insurance Department: 1-in-3 Missourians Impacted by Anthem Data Breach appeared first on Insurance Journal.
  
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• South Carolina City to Pay $700K to Family of Pregnant Woman Shot by Cop

  24-02-2015 18:27
  
  The family of a pregnant woman shot and killed by a Woodruff police office will be given $700,000 to settle a lawsuit over the killing. Lacey Lamb’s family said the 28-year-old woman was trying to stop the car instead of …
  The article South Carolina City to Pay $700K to Family of Pregnant Woman Shot by Cop appeared first on Insurance Journal.
  
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• City’s Refusal to Pay for Sinkhole Damage Upsets Ohio Driver

  24-02-2015 18:27
  
  A truck owner says the city of Dayton should compensate him for sinkhole damage that left his truck inoperable. The Dayton Daily News reports that 52-year-old Mike McDonald is infuriated that the city rejected his $10,000 claim. He says the …
  The article City’s Refusal to Pay for Sinkhole Damage Upsets Ohio Driver appeared first on Insurance Journal.
  
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• USI Appoints Deskins as Bond Manager for Kentucky

  24-02-2015 18:23
  
  USI Insurance Services has added Randy Deskins to the USI MidSouth region as its bond manager. Based in the USI Louisville, Ky., office, Deskins will be responsible for managing the service delivery of surety clients and surety carrier relationships throughout …
  The article USI Appoints Deskins as Bond Manager for Kentucky appeared first on Insurance Journal.
  
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• North Dakota Oil Patch Highway Is State’s Most Dangerous

  24-02-2015 18:23
  
  The main north-south artery in North Dakota’s oil patch is the most dangerous stretch of road in the state, newly released statistics show. U.S. Highway 85 had the most fatal accidents, injury accidents and property damage accidents, according to a …
  The article North Dakota Oil Patch Highway Is State’s Most Dangerous appeared first on Insurance Journal.
  
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• Insurance Price Comparison Site Comparenow.com Becomes Compare.com

  24-02-2015 18:20
  
  Comparenow.com, an insurance price comparison website in the U.S., will now operate as compare.com, simplifying its name to better align with its services. The company, which has operated as comparenow.com since it launched in March 2013, felt its recent success …
  The article Insurance Price Comparison Site Comparenow.com Becomes Compare.com appeared first on Insurance Journal.
  
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• Ratings of Houston-Based Delta Lloyds Insurance Co. Downgraded

  24-02-2015 18:18
  
  Ratings agency A.M. Best has downgraded the financial strength rating (FSR) to B+ (Good) from B++ (Good) and the issuer credit rating (ICR) to “bbb-” from “bbb+” of Delta Lloyds Insurance Co. of Houston, Texas (Delta Lloyds). The outlook for the FSR has …
  The article Ratings of Houston-Based Delta Lloyds Insurance Co. Downgraded appeared first on Insurance Journal.
  
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• Confirmed GM Ignition Switch Death Toll Rises to 57

  24-02-2015 18:14
  
  The death toll from crashes involving General Motors cars with defective ignition switches has climbed to 57. The total is one more than last week. It was posted Feb. 23 on an Internet site by compensation expert Kenneth Feinberg. Feinberg …
  The article Confirmed GM Ignition Switch Death Toll Rises to 57 appeared first on Insurance Journal.
  
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• Florida Court Upholds Law Banning Open Carry of Firearms for Self Defense

  24-02-2015 18:10
  
  An appeals court has upheld a Florida law banning people from openly carrying firearms purely for self-defense purposes. A three-judge panel of the 4th District Court of Appeal issued the ruling Feb. 18 in the case of Dale Norman. Norman …
  The article Florida Court Upholds Law Banning Open Carry of Firearms for Self Defense appeared first on Insurance Journal.
  
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• Hatch vows short-term fix if Supreme Court strikes down ACA subsidies

  24-02-2015 18:04
  
  Sen. Orrin Hatch will propose a “short-term solution” to help Americans who would lose subsidies if the U.S.
  
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• Choosing a plug-in electric car

  24-02-2015 18:02
  Dept. of Energy publishes a guide to help you decide on the best one for you.
  
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• Integro Hires Santoleri as Health Care Senior VP in Philadelphia

  24-02-2015 17:38
  
  Insurance brokerage and risk management firm Integro has hired Mark Santoleri as health care senior vice president in the Philadelphia office. Santoleri joins from Brooklyn, New York-based Platinum HR Management, where he served as corporate director of risk control, providing …
  The article Integro Hires Santoleri as Health Care Senior VP in Philadelphia appeared first on Insurance Journal.
  
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• Court Clears Way For Couple to Sue Jack Nicklaus In Utah Case

  24-02-2015 17:36
  
  A federal appeals court has ruled a Colorado couple can sue Jack Nicklaus over an alleged misrepresentation of the golf legend’s membership role in a $3.5 billion southern Utah luxury golf resort that went bankrupt in 2009 before it could …
  The article Court Clears Way For Couple to Sue Jack Nicklaus In Utah Case appeared first on Insurance Journal.
  
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• Montana Man Sues University Alleging Harassment, Discrimination

  24-02-2015 17:29
  
  A former janitor at Montana State University is suing the college over how he was treated by co-workers. Akram Zahran filed the lawsuit this past week in Gallatin County District Court against MSU, two co-workers and a supervisor. Zahran says …
  The article Montana Man Sues University Alleging Harassment, Discrimination appeared first on Insurance Journal.
  
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• California commuter train derailment injures dozens

  24-02-2015 17:22
  A California commuter train crashed into a truck and derailed early Tuesday, injuring dozens of people.
  
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• Supreme Court to Weigh Rejection of Muslim Applicant Over Head Scarf

  24-02-2015 17:09
  
  In an era of heightening religious tension worldwide, Abercrombie & Fitch has pulled off a miracle: The retailer managed to unite Christians, Jews, and Muslims, as well as Buddhists, Hindus, Santeros, Sikhs, and Zoroastrians. Lawyers representing all these faiths (and agnostics …
  The article Supreme Court to Weigh Rejection of Muslim Applicant Over Head Scarf appeared first on Insurance Journal.
  
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• Goodyear settles with SEC over bribery charges

  24-02-2015 16:50
  (Reuters) — Goodyear Tire & Rubber Co. will pay more than $16 million to settle civil charges alleging some of the company's subsidiaries paid bribes to win business in Kenya and Angola, U.S. regulators said Tuesday.
  
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• Bias case tossed over sloppy evidence

  24-02-2015 16:49
  The Equal Employment Opportunity Commission used poor quality data as evidence in a case that accused an employer of using criminal background check information that had a disparate effect on minorities, an appeals court ruled, affirming a lower court...
  
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• IPCC Selects Acting Chair after R.K. Pachauri Steps Down

  24-02-2015 16:08
  
  The Bureau of the Intergovernmental Panel on Climate Change (IPCC) announced that it has agreed, in accordance with its procedures, to designate Vice-Chair Ismail El Gizouli as Acting IPCC Chair. The IPCC said the selection of “Gizouli follows the decision …
  The article IPCC Selects Acting Chair after R.K. Pachauri Steps Down appeared first on Insurance Journal.
  
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• QBE bounces back to profit after cost cutting, unit sales

  24-02-2015 16:04
  
  QBE Insurance Group Ltd. swung back into profit in 2014 on lower revenues following a turnaround program that included cost cutting and the sale of various units.
  
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• Axa employee benefits unit to target smaller businesses

  24-02-2015 15:56
  Axa S.A. will launch a U.S.-based employee benefits business later this year to serve small and midsize companies, the French insurer said.
  
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• Catlin tops London broker satisfaction survey

  24-02-2015 15:47
  Catlin Group Ltd. was the London market insurer that provided claims brokers the greatest net satisfaction with claims service and standards in 2014, according to a study by London-based Gracechurch Consulting.
  
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• Westerners are skiing on dirt while Boston snowfall reaches 99.9 inches

  24-02-2015 15:47
  This winter hasn't been all snow, ice, and cold. In the western U.S., the story has been the opposite that of the East.
  
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• Is it real? How to ascertain the authenticity of art

  24-02-2015 15:41
  Knowing how to determine the real from the phony is an art.
  
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• Financial Markets Warned Aging Population Means End to Savings Glut

  24-02-2015 15:30
  
  The global “savings glut” that has driven stocks to record highs and bond yields to record lows will soon start to disappear, leading to higher interest rates around the world as populations age, according to a Barclays study. After three …
  The article Financial Markets Warned Aging Population Means End to Savings Glut appeared first on Insurance Journal.
  
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• Chief justice could again swing health reform case in government's favor

  24-02-2015 15:22
  
  (Reuters) — Three years ago, Supreme Court Chief Justice John Roberts cast the tie-breaking vote in a ruling that saved President Barack Obama's signature health care reform, and as the high court prepares to weigh another challenge that could...
  
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• U.K. Regulator Fines Aviva $27 Million for Failing to Manage Conflicts of Interest

  24-02-2015 15:08
  
  Aviva plc was fined 17.6 million pounds ($27.2 million) by the U.K. financial markets regulator for failing to manage conflicts of interest among funds in its fixed-income business. From August 2005 to June 2013, Aviva served funds that paid different …
  The article U.K. Regulator Fines Aviva $27 Million for Failing to Manage Conflicts of Interest appeared first on Insurance Journal.
  
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• Welcome to the future: 8 ways that digital innovation is reinventing insurance customer service

  24-02-2015 15:05
  Carriers that differentiate their customer service experience through a carefully designed, thoughtfully executed and adaptable digital strategy are more successful than their competitors at reducing customer service costs while increasing customer satisfaction and retention. And that's not all.
  
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• Welcome to the future: 8 ways that digital innovation is reinventing customer service

  24-02-2015 15:05
  Carriers that differentiate their customer service experience through a carefully designed, thoughtfully executed and adaptable digital strategy are more successful than their competitors at reducing customer service costs while increasing customer satisfaction and retention. And that's not all.
  
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• Legally married same-sex couples receive family leave in all states

  24-02-2015 15:01
  
  Employees in same-sex marriages — regardless of where they live — will have the same rights to benefits under the Family and Medical Leave Act as other employees under a new U.S. Labor Department rule.
  
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• Internet Domain .Insurance to Be Available By End of 2015

  24-02-2015 14:46
  
  The top-level Internet domain “.insurance” should be available to to the industry late this year, according to a financial services-backed organization that operates generic domains including “.bank.” The group, fTLD, submitted an application to the domain-approval organization, the Internet Corporation …
  The article Internet Domain .Insurance to Be Available By End of 2015 appeared first on Insurance Journal.
  
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• BP Appeals Ruling on Gulf Oil Spill Size

  24-02-2015 14:39
  
  BP Plc on Monday appealed a federal judge’s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines. In January, U.S. District Judge Carl Barbier in …
  The article BP Appeals Ruling on Gulf Oil Spill Size appeared first on Insurance Journal.
  
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• Home sales drop as lack of supply drives up prices

  24-02-2015 14:20
  Broad-based price increases put more properties out of reach for American homebuyers in January, becoming the latest hurdle preventing a more robust recovery in residential real estate.
  
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