Insurance news

• BitBeat: BitGo Adds Comprehensive Insurance to Its Services - Wall Street Journal (blog)

  25-02-2015 23:45 via blogs.wsj.com
  
  CoinTelegraph
  BitBeat: BitGo Adds Comprehensive Insurance to Its Services
  Wall Street Journal (blog)
  Welcome to BitBeat, the latest in cryptocurrency news and analysis, written by Paul Vigna and Michael J. Casey. Bitcoin Latest Price: $237.71, down 0.4% (via CoinDesk). Crossing Our Desk: - Bitcoin security company BitGo has secured a theft insurance ...
  BitGO Secures First Ever Comprehensive Bitcoin Theft Insurance for up to ...CoinTelegraph
  Cyberinsurance Veteran Teams With BitGo on '
  
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• Michigan Pot Grower Who Didn’t Tell Insurer Must Repay Fire Claim Payment

  25-02-2015 23:19
  
  An insurance company that didn’t know about a medical marijuana nursery in a Bay City, Mich., basement can recover more than $130,000 paid after the house was destroyed by fire. A federal appeals court upheld a decision by U.S. District …
  The article Michigan Pot Grower Who Didn’t Tell Insurer Must Repay Fire Claim Payment appeared first on Insurance Journal.
  
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• Michigan Pot Grower Who Didn’t Tell Insurer Must Reimburse Fire Claim Payment

  25-02-2015 23:19
  
  An insurance company that didn’t know about a medical marijuana nursery in a Bay City, Mich., basement can recover more than $130,000 paid after the house was destroyed by fire. A federal appeals court upheld a decision by U.S. District …
  The article Michigan Pot Grower Who Didn’t Tell Insurer Must Reimburse Fire Claim Payment appeared first on Insurance Journal.
  
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• The 411 on long term health care insurance - KARE

  25-02-2015 22:49 via kare11.com
  KARE
  The 411 on long term health care insurance
  KARE
  GOLDEN VALLEY, Minn.-If you are over the age of 65, you're probably going to need long term health insurance. Loading… Post to Facebook. The 411 on long term health care insurance GOLDEN VALLEY, Minn.-If you are over the age of 65, you're probably ...
  
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• N.Y. Regulator Lawsky Says Banks Need Money-Laundering Spot Checks

  25-02-2015 22:25
  
  New York’s banking regulator floated a plan Wednesday to spot-check banks’ money laundering controls and hold executives accountable if they fail. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, made the remarks in a speech at Columbia Law …
  The article N.Y. Regulator Lawsky Says Banks Need Money-Laundering Spot Checks appeared first on Insurance Journal.
  
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• Chinese hackers graduating to identity theft

  25-02-2015 21:44
  Groups in China continue to target Western interests, but there has been a shift in focus from the theft of intellectual property to identity information as well, says a report issued by Hewlett-Packard Co.
  
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• High court justices show support for Muslim woman denied job

  25-02-2015 20:52
  
  (Reuters) — A majority of U.S. Supreme Court justices on Wednesday signaled support for a Muslim woman who filed a lawsuit after she was denied a job at an Abercrombie & Fitch Co.
  
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• Stricter filing rules limit number of M&A lawsuit venues

  25-02-2015 20:49
  
  Litigation challenging merger and acquisition activity is being filed in fewer courts, says a report released Wednesday.
  
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• Murdered prison guard’s family backs exclusive remedy reforms

  25-02-2015 20:25
  
  The family of a Nebraska detention center guard who was killed by an inmate is speaking out in support of a bill that would waive exclusive remedy in the case of “willful negligence” by an employer.
  
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• "Insurance Companies Preparing For Disaster If The Supreme Court Guts ... - ThinkProgress

  25-02-2015 20:12 via thinkprogress.org
  
  ThinkProgress
  "Insurance Companies Preparing For Disaster If The Supreme Court Guts ...
  ThinkProgress
  In an early warning of what will happen if the Supreme Court backs a legal attack on the Affordable Care Act, the American Academy of Actuaries sent a letter to Secretary of Health and Human Services (HHS) Sylvia Burwell on Tuesday asking Burwell's ...
  If Supreme Court says no, they'd lose health insurance helpWRAL.com
  Supreme Court Ruling May Trigger Price SpikesWebMD
  Court r
  
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• New Jersey’s Selective Insurance Hires Eden as Head of Commercial Lines

  25-02-2015 19:00
  
  Selective Insurance Group Inc. has hired Douglas T. Eden as executive vice president, head of commercial lines. Eden will assume responsibility for all aspects of standard commercial lines operations, including all regional management. He is based in Selective’s Branchville, New …
  The article New Jersey’s Selective Insurance Hires Eden as Head of Commercial Lines appeared first on Insurance Journal.
  
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• N.J. Bill Seeks to Prohibit Home Insurers From Raising Rates After Single Claim

  25-02-2015 18:59
  
  A bill currently under consideration in the New Jersey Assembly would prohibit insurance companies from increasing the homeowners insurance policy’s premium based on one claim filed during the policy’s coverage period. The Assembly Bill 4170 (An act concerning homeowners insurance …
  The article N.J. Bill Seeks to Prohibit Home Insurers From Raising Rates After Single Claim appeared first on Insurance Journal.
  
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• Aon Launches Maximum Protection Coverage for Directors & Officers

  25-02-2015 18:53
  
  Aon Risk Solutions, the global risk management business of Aon plc, has launched Maximum Protection D&O, which provides additional coverage to directors and officers when non-indemnifiable D&O limits are exhausted or do not respond. “One of the greatest risks for …
  The article Aon Launches Maximum Protection Coverage for Directors & Officers appeared first on Insurance Journal.
  
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• Three Arrested in Florida in Unlicensed Clinic PIP Fraud Scam

  25-02-2015 18:42
  
  Three Central Florida arrests were made by the Florida Division of Insurance Fraud for the operation of an unlicensed clinic in Orlando that was used as part of a personal injury protection (PIP) fraud scheme, according to the Florida Department …
  The article Three Arrested in Florida in Unlicensed Clinic PIP Fraud Scam appeared first on Insurance Journal.
  
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• Report: North Carolina Hospitals Reduce Lawsuits Against Patients

  25-02-2015 18:33
  
  Two North Carolina newspapers report that hospitals in the state have sharply reduced the practice of suing patients who don’t pay their bills. The analysis by the The Charlotte Observer and The News & Observer of Raleigh shows that from …
  The article Report: North Carolina Hospitals Reduce Lawsuits Against Patients appeared first on Insurance Journal.
  
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• Workplace mental health stigma persists

  25-02-2015 18:21
  
  A growing number of employers have observed a persistent if not worsening workplace stigma associated with mental and behavioral health issues, according to a recent study by the Disability Management Employer Coalition.
  
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• Mass. Gov. Baker: Federal Officials Encouraging on Disaster Relief

  25-02-2015 18:09
  
  Massachusetts Gov. Charlie Baker said Monday he’s gotten encouraging signs from federal officials as he’s begun reaching out to them with Massachusetts preparing a formal request for disaster relief following the spate of snowstorms. Back home after a National Governors …
  The article Mass. Gov. Baker: Federal Officials Encouraging on Disaster Relief appeared first on Insurance Journal.
  
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• Global catastrophe losses down in 2014

  25-02-2015 18:07
  
  Insured catastrophe losses in 2014 fell to the lowest level since 2009, according to a report released Wednesday by Guy Carpenter & Co. L.L.C.
  
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• Good news for insured losses: 2014 was a relatively quiet year

  25-02-2015 17:49
  The Americas accounted for 57% of global losses in 2014, compared to 48% in 2013, 87% in 2012 and 26% in 2011.
  
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• Exclusive: Insurance company refuses Long Island fire claim over pet pit bull - WABC-TV

  25-02-2015 17:42 via 7online.com
  
  WABC-TV
  Exclusive: Insurance company refuses Long Island fire claim over pet pit bull
  WABC-TV
  Investigative reporter Jim Hoffer has the story of a Long Island woman who could have her insurance policy voided, all because of her dog. Embed. <iframe width="476" height="270" src="http://7online.com/video/embed/?pid=533987" frameborder="0" ...
  
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• Kentucky Bill Would Exempt Unpaid Pastors from Workers’ Comp Insurance

  25-02-2015 17:33
  
  Kentucky House lawmakers have advanced a bill that would exempt some pastors from paying workers’ compensation insurance. Kentucky has hundreds of churches with tiny congregations whose pastors work for free. The state fined some of those churches last year because …
  The article Kentucky Bill Would Exempt Unpaid Pastors from Workers’ Comp Insurance appeared first on Insurance Journal.
  
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• 3 Former Execs Ordered to Pay $1.8M in California Asbestos Case

  25-02-2015 17:31
  
  Three former executives of a now-defunct non-profit have been ordered to pay $1.8 million in restitution to 65 people who were exposed to airborne asbestos after their company directed workers to illegally remove debris containing asbestos from a former air …
  The article 3 Former Execs Ordered to Pay $1.8M in California Asbestos Case appeared first on Insurance Journal.
  
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• Double Fines in ‘Pedestrian Safety Zones’ Proposed by Nevada Bill

  25-02-2015 17:29
  
  A bill in the Nevada Legislature would allow for special “pedestrian safety zones” where traffic fines are doubled. Lawmakers are scheduled to review SB144 on Tuesday in the Senate Transportation Committee. The bill would allow local governments or the Nevada …
  The article Double Fines in ‘Pedestrian Safety Zones’ Proposed by Nevada Bill appeared first on Insurance Journal.
  
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• California Commuter Train Versus Truck Injures Dozens

  25-02-2015 17:27
  
  Twenty-eight people were injured when a Southern California commuter train collided with a truck stuck on the tracks on Tuesday, toppling three rail cars. There were no deaths reported in the crash, which occurred at about 5:40 a.m. local time …
  The article California Commuter Train Versus Truck Injures Dozens appeared first on Insurance Journal.
  
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• 15 Children Killed in Ohio Fires in 2014, 11 So Far This Year

  25-02-2015 17:24
  
  Fires killed 15 children in Ohio last year and have claimed at least 11 young lives in just the first two months of 2015, according to the state fire marshal’s office. Many factors affect those statistics, but the chief of …
  The article 15 Children Killed in Ohio Fires in 2014, 11 So Far This Year appeared first on Insurance Journal.
  
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• Georgia Legislature Advances Medical Marijuana Bill

  25-02-2015 17:24
  
  A bill to legalize cannabis oil to treat seizure disorders and seven other debilitating health problems passed a key committee in the Georgia House on Monday but faces an uphill battle in the state Senate, even in its latest, watered-down …
  The article Georgia Legislature Advances Medical Marijuana Bill appeared first on Insurance Journal.
  
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• Fitness enthusiasts help drive wellness program

  25-02-2015 17:20
  CHICAGO — Zurich North America employees who are interested in fitness have served as “wellness champions” in the company’s wellness program, helping to engage other Zurich employees and boost participation in the company’s...
  
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• AAA study says drivers still practice dangerous behaviors behind the wheel

  25-02-2015 16:59
  Drivers value safe habits -- they just don’t engage in them.
  
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• Buffett to pen 20K-word annual letter for 50th anniversary

  25-02-2015 16:52
  Read this before looking at Warren Buffett’s letter for the ages.
  
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• Lloyd's insurer names new executive following bid

  25-02-2015 16:02
  
  Brit P.L.C. has appointed Matthew Wilson to the newly created role of group deputy CEO, the Lloyd's of London insurer announced Wednesday.
  
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• European insurers are preparing to boost dividends to 4.4%

  25-02-2015 15:59
  Europe’s insurers are preparing to boost dividends to the highest of any industry except utilities, making use of expanding surplus capital to offer investors an alternative to record low interest earnings from bonds.
  
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• May I Move My Son Off My Insurance So He Can Buy On The Exchange? - NPR (blog)

  25-02-2015 15:58 via npr.org
  
  The Tennessean
  May I Move My Son Off My Insurance So He Can Buy On The Exchange?
  NPR (blog)
  Some people are trying to figure out how to become eligible for coverage on the health insurance marketplaces. Others are wondering how the Affordable Care Act may affect coverage they buy for their children under previously established state programs.
  Health insurance and your taxes: 5 things to knowThe Tennessean
  Affordable Health Insurance Is Still an Illusion for ManyWall Street Journal
  
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• How to extract data to price better, expand markets and improve underwriting

  25-02-2015 15:54
  Data alone is worthless--learn how to set up visualization graphs to predict future losses.
  
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• FBI is close to finding hackers in Anthem data theft

  25-02-2015 15:49
  The FBI said it’s close to finding the hackers responsible for the attack on health-insurance company Anthem that exposed personal data on about 80 million customers.
  
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• Budding marijuana farmer causes uninsured fire

  25-02-2015 15:47
  
  If you ever feel the inclination to turn your basement into a marijuana production factory, you might want to tell your insurer first.
  
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• Twice-Wounded Sandy Victims Seek Payout as FEMA Presses Insurers

  25-02-2015 15:41
  
  Some homeowners hit by Hurricane Sandy say they’ve been victimized twice: first by the storm and later by insurers. John Clancy says his insurer, an Allstate Corp. unit, paid just $46,000 of the more than $200,000 in repairs needed on …
  The article Twice-Wounded Sandy Victims Seek Payout as FEMA Presses Insurers appeared first on Insurance Journal.
  
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• New Jersey recommends freezing state pension fund

  25-02-2015 15:35
  
  The New Jersey Pension and Health Benefit Study Commission recommended freezing the $76.8 billion New Jersey Pension Fund, Trenton, and creating a new cash balance plan for current and future participants.
  
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• FEMA may propose settlement plan for rejected Sandy claims this week

  25-02-2015 15:34
  An official with FEMA said last week the U.S. is working with insurers to pay more on flood claims, possibly even to homeowners who didn’t sue.
  
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• U.S. health official says no fix if ACA subsidies thrown out

  25-02-2015 15:27
  
  (Reuters) — The Obama administration has no way to repair the damage that would result from a Supreme Court decision against Patient Protection and Affordable Care Act that would make health care unaffordable for millions of Americans, a top health...
  
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• Anthem hack affected millions of noncustomers

  25-02-2015 15:20
  
  (Reuters) — Health insurer Anthem Inc., which earlier this month reported that it was hit by a massive cyber breach, said on Tuesday that 8.8 million to 18.
  
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• Anthem hack affected millions of non-customers

  25-02-2015 15:20
  
  (Reuters) — Health insurer Anthem Inc., which earlier this month reported that it was hit by a massive cyber breach, said on Tuesday that 8.8 million to 18.
  
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• Here's how much a ticket will raise your insurance rates - KING5.com

  25-02-2015 15:02 via king5.com
  
  KING5.com
  Here's how much a ticket will raise your insurance rates
  KING5.com
  If you get a speeding ticket, there are ways to try to avoid skyrocketing insurance rates. Loading… Post to Facebook. Here's how much a ticket will raise your insurance rates If you get a speeding ticket, there are ways to try to avoid skyrocketing ...
  
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• The 5 biggest challenges agents are facing now (and how to overcome them)

  25-02-2015 14:50
  Whether it’s lead generation, health reform or annuity cap rates, it pays to know your enemy.
  
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• Colleges Warned of Liability for Basketball Fans’ Court Storming

  25-02-2015 14:27
  
  College basketball’s tradition of storming the court after big upsets poses a potentially devastating liability threat to universities and athletic departments, personal injury lawyers said. Video showed coaches being pushed into tables and fans colliding with players when Kansas State …
  The article Colleges Warned of Liability for Basketball Fans’ Court Storming appeared first on Insurance Journal.
  
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• Insurance wins one: Court dismisses Superstorm Sandy-related claims against broker

  25-02-2015 14:10
  A federal district court in New York has granted an insurance broker’s motion to dismiss breach of contract, negligence, and consumer protection law claims by a commercial property owner that alleged that its property had been damaged by Superstorm Sandy.
  
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• FBI Says It’s Close to Identifying Anthem Hackers

  25-02-2015 14:03
  
  The FBI said it’s close to finding the hackers responsible for the attack on health-insurance company Anthem Inc. that exposed personal data on about 80 million customers. Federal Bureau of Investigation officials are still deciding whether to publicly reveal information …
  The article FBI Says It’s Close to Identifying Anthem Hackers appeared first on Insurance Journal.
  
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• 1st Cayman Portfolio Insurance Company Formed by Ascension Insurance

  25-02-2015 11:38
  
  The first portfolio insurance company (PIC) has been formed in the Cayman Islands, as a direct result of new insurance regulations Cayman enacted in January to provide risk management alternatives for insurers incorporated as segregated portfolio companies (SPCs). AARIS Insurance …
  The article 1st Cayman Portfolio Insurance Company Formed by Ascension Insurance appeared first on Insurance Journal.
  
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• War risk mutual launched by Standard Club Asia

  25-02-2015 11:36
  
  The Standard Club Asia Ltd. has announced the launch of Singapore-based war risk mutual, Hellenic Shipping News Worldwide reports.
  
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• Insurance profits in China in January to grow 184.07%: Official

  25-02-2015 11:34
  
  Zhou Yanli, vice chairman of China Insurance Regulatory Commission, has said that the profit of the country's insurance sector likely will grow 184.07% year on year in January, reported Hexun.com citing Beijing Daily.
  
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• Lloyd's names general representative in South Korea

  25-02-2015 11:32
  
  Lloyd's of London has announced the appointment of Jin-Yung Sun as its first general representative in South Korea, reported The FINANCIAL.
  
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