Insurance news

• Macon auto repair shop owner, insurance adjuster indicted in fraud case - Macon Telegraph (blog)

  03-03-2015 23:53 via macon.com
  Macon auto repair shop owner, insurance adjuster indicted in fraud case
  Macon Telegraph (blog)
  An insurance adjuster and an auto repair shop owner were indicted Tuesday on 23 counts of insurance fraud. The indictment, filed in Bibb County Superior Court, names William Emerson Scruggs, 46, owner of Diamond Auto Painting on Broadway, and ...
  
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• Body shops say insurance companies force them to use recycled parts - WTAE Pittsburgh

  03-03-2015 23:43 via wtae.com
  
  Body shops say insurance companies force them to use recycled parts
  WTAE Pittsburgh
  CANONSBURG, Pa. —A lawsuit accuses insurance companies of forcing auto repair shops to fix vehicles involved in accidents with used parts. Related. Transcript of Gov. Wolf's budget address · Heavy rain could bring minor flooding to Pittsburgh area ...
  
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• American Family Insurance posts 22% gain in net income for 2014 - Madison.com

  03-03-2015 22:40 via host.madison.com
  Madison.com
  American Family Insurance posts 22% gain in net income for 2014
  Madison.com
  Damage from a ripped-off roof on a house on Waubesa Avenue in Madison that was visited by a claims adjuster from American Family Insurance after hailstorms in June that produced about $120 million in claims, according to the Madison-based insurer's ...
  
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• Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier ... - Insurance Journal

  03-03-2015 21:49 via insurancejournal.com
  
  Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier ...
  Insurance Journal
  Channel Harvest Research, in partnership with Insurance Journal, is conducting its 2015 national survey of agents' attitudes about their carrier partners. This is the seventh annual study on key aspects of the property/casualty independent agent ...
  
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• Hurricane Sandy Victims Reach First Set of FEMA Insurance Settlements - Insurance Journal

  03-03-2015 21:49 via insurancejournal.com
  
  MyCentralJersey.com
  Hurricane Sandy Victims Reach First Set of FEMA Insurance Settlements
  Insurance Journal
  Federal disaster assistance officials have begun reaching settlements with more than 1,000 Hurricane Sandy victims who allege they were unfairly denied flood insurance claims or paid too little for them. Lawyers for property owners told federal ...
  Senators ask for new hearings on Sandy insurance claimsMyCentralJersey.com
  Schumer, Gillibrand want information about alleged flood insurance
  
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• ISO cyber options introduced for small- to medium-size business owners

  03-03-2015 21:16
  
  Two optional cyber endorsements for small and midsized businesses become available this month, said Verisk Analytics Inc.’s Insurance Services Office, in a statement Tuesday.
  
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• Schinnerer names senior professional liability leaders

  03-03-2015 21:14
  
  Managing general underwriter Victor O. Schinnerer & Co. Inc. has named Jill Tellez and Kevin Collins to senior professional liability posts.
  
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• Savings habits improve, to a point

  03-03-2015 21:07
  The savings rate improved across the board in the U.S. last year, but not everyone is able to save effectively.
  
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• Forsyth Fire Dept. sees leap in insurance rating - Macon Telegraph (blog)

  03-03-2015 20:52 via macon.com
  Forsyth Fire Dept. sees leap in insurance rating
  Macon Telegraph (blog)
  People living within five miles of the Forsyth fire station on Kimball Street might see their fire insurance rates drop this summer. Insurance Services Office Inc., or ISO, will upgrade the department from Class 5 to Class 2, effective June 1. Only 26 ...
  
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• Brain tumor patients fare better with private insurance, new study finds - University of Florida

  03-03-2015 20:50 via news.ufl.edu
  Albuquerque Business First
  Brain tumor patients fare better with private insurance, new study finds
  University of Florida
  Brain tumor patients who are uninsured or use Medicaid stay hospitalized longer and develop more medical complications than those with private insurance, University of Florida Health researchers have found. The uninsured and Medicaid patients were also ...
  Brain tumor patients fare better with private insuranceScience Codex
  
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• FAA wants to speed approval process for commercial drones

  03-03-2015 20:49
  
  (Reuters) — The Federal Aviation Administration is seeking ways to speed up the approval process for commercial drone operations, but its efforts have been hindered by its lack of authority to review multiple applications on a group basis, the FAA...
  
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• State Bank in Ga. Launches Insurance Unit with Agency Acquisition - American Banker

  03-03-2015 20:42 via americanbanker.com
  
  State Bank in Ga. Launches Insurance Unit with Agency Acquisition
  American Banker
  State Bank Financial in Atlanta has acquired Boyett Agency to serve as the foundation for a new insurance division. To continue, please log in, register or subscribe. Already a subscriber? Log in here. Please note you must now log in with your email ...
  
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• Nursing home not liable for injured worker’s knee replacement

  03-03-2015 20:40
  
  An Alabama worker with preexisting arthritis is entitled to workers compensation benefits, but not knee replacement surgery, the Alabama Court of Appeals has ruled.
  
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• Liberty Mutual tops 2014 with strong fourth quarter profit

  03-03-2015 19:53
  
  A focus on “deliberate underwriting actions and solid investment results” boosted profits and premiums in 2014 for Liberty Mutual Holding Co., though the insurer’s workers compensation business declined last year.
  
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• Who Is Tough Enough for a Conference in Wintry Boston?

  03-03-2015 19:45
  
  It was 78 degrees and sunny yesterday when Tammy Perdue was packing her suitcase and the local forecast called for more of the same all week. Perdue, general counsel for Associated Industries of Florida (AIF) in Tallahassee, is on her …
  The article Who Is Tough Enough for a Conference in Wintry Boston? appeared first on Insurance Journal.
  
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• Who Is Tough Enough for a Conference in Boston?

  03-03-2015 19:45
  
  It was 78 degrees and sunny yesterday when Tammy Perdue was packing her suitcase and the local forecast called for more of the same all week. Perdue, general counsel for Associated Industries of Florida (AIF) in Tallahassee, is on her …
  The article Who Is Tough Enough for a Conference in Boston? appeared first on Insurance Journal.
  
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• LP Insurance Taps Hicks for Northern Nevada Team - Insurance Journal

  03-03-2015 19:44 via insurancejournal.com
  
  Insurance Journal
  LP Insurance Taps Hicks for Northern Nevada Team
  Insurance Journal
  Reno, Nev.-based LP Insurance Services Inc. has named Terrin Hicks to its northern Nevada sales team. Hicks is responsible for developing new business relationships, and retaining and servicing existing clients. Hicks_Terrin Hicks, formerly an ...
  
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• LP Insurance Taps Hicks for Northern Nevada Team

  03-03-2015 19:34
  
  Reno, Nev.-based LP Insurance Services Inc. has named Terrin Hicks to its northern Nevada sales team. Hicks is responsible for developing new business relationships, and retaining and servicing existing clients. Hicks, formerly an assistant store leader at Scheels Sporting Goods, …
  The article LP Insurance Taps Hicks for Northern Nevada Team appeared first on Insurance Journal.
  
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• Courting Disaster: How Losing Health Insurance Would Change The Lives Of ... - Huffington Post

  03-03-2015 19:07 via huffingtonpost.com
  
  Courting Disaster: How Losing Health Insurance Would Change The Lives Of ...
  Huffington Post
  Karen Hines of Virginia Beach, Virginia, got enrolled in a health coverage through Obamacare. The Supreme Court will hear arguments Wednesday over a lawsuit that would eliminate health insurance subsidies in more than 30 states. | Tom Barbee / The ...
  
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• Midwest, Plains Likely to See Economic Growth: Report

  03-03-2015 18:33
  
  Economic growth lies ahead for nine Midwestern and Plains states despite pullbacks in the energy sector, according to a monthly report released on March 2. The overall Mid-America Business Conditions Index climbed to 57.0 in February from 54.8 in January, …
  The article Midwest, Plains Likely to See Economic Growth: Report appeared first on Insurance Journal.
  
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• Estimate of Vandalism Damage at Michigan Ski Resort Quadruples

  03-03-2015 18:24
  
  The general manager of a ski resort vandalized by University of Michigan students estimates the total damage is about four times the original estimate. Barry Owens of Treetops Resort in Gaylord tells the Detroit Free Press the price tag will …
  The article Estimate of Vandalism Damage at Michigan Ski Resort Quadruples appeared first on Insurance Journal.
  
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• Exxon Hit with Lawsuit in Louisiana over Denied Tainted Fuel Claims

  03-03-2015 18:20
  
  ExxonMobil has paid more than $4.6 million to nearly 2,900 motorists impacted by the company’s production of more than 5 million gallons of tainted fuel distributed in the Baton Rouge area in March 2014. “ExxonMobil proactively honored all valid claims …
  The article Exxon Hit with Lawsuit in Louisiana over Denied Tainted Fuel Claims appeared first on Insurance Journal.
  
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• N.J. Congressman Calls for FEMA Chief’s Resignation

  03-03-2015 18:19
  
  A New Jersey congressman is asking for the resignation of Federal Emergency Management Agency (FEMA) Administrator W. Craig Fugate and an immediate investigation into FEMA after reports that FEMA was aware of allegedly fraudulent engineering reports that may have been …
  The article N.J. Congressman Calls for FEMA Chief’s Resignation appeared first on Insurance Journal.
  
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• Talbert Named CEO of Texas-Based Insurors Indemnity Cos.

  03-03-2015 18:14
  
  Waco, Texas-based Insurors Indemnity Companies named Dave Talbert as president and chief executive officer effective March 1. Talbert joined the Insurors Indemnity in February 2014 with more than 25 years of industry experience, having previously been president and CEO of Hochheim …
  The article Talbert Named CEO of Texas-Based Insurors Indemnity Cos. appeared first on Insurance Journal.
  
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• CIA-Leavitt and Ewing-Leavitt Merge in Colorado

  03-03-2015 18:10
  
  CIA-Leavitt Insurance Agency and Ewing-Leavitt Insurance Agency, both Leavitt Group affiliates, have merged their Colorado Springs, Colo. offices. The merged agency will be located in the CIA-Leavitt office at 5585 Erindale Dr. in Colorado Springs. This change will not affect …
  The article CIA-Leavitt and Ewing-Leavitt Merge in Colorado appeared first on Insurance Journal.
  
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• AmTrust Financial Services Completes CorePointe Insurance Acquisition

  03-03-2015 18:10
  
  AmTrust Financial Services Inc. has completed the acquisition of Michigan-based CorePointe Insurance Co. Established in 1964, and located in Birmingham, Mich., CorePointe is a specialty property/casualty insurance company that markets commercial package insurance products primarily to automobile and motorcycle dealerships …
  The article AmTrust Financial Services Completes CorePointe Insurance Acquisition appeared first on Insurance Journal.
  
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• The Chalkboard: Understanding & Selling to Millennials

  03-03-2015 18:00
  Selling to Millennials: Understanding this Growing Demographic
  
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• 10 things to know when dealing with confidential claimant health information

  03-03-2015 18:00
  The enactment of the Federal Health Insurance Portability and Accountability Act (HIPAA), coupled with the passage of the Health Information Technology for Economic and Clinical Health Act (HITECH), has transformed how health information is handled and created strict guidelines regarding how much of a patient's medical record can be viewed...
  
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• House votes to require greater insurance for Uber drivers - Atlanta Journal Constitution

  03-03-2015 17:54 via ajc.com
  
  WXIA-TV
  House votes to require greater insurance for Uber drivers
  Atlanta Journal Constitution
  Uber and other ride-sharing services would be required to maintain $1 million insurance coverage for all drivers from the moment the driver accepts a ride request to the time the ride ends under legislation adopted in the state House on Tuesday. House ...
  Ga. House passes Uber insurance billWXIA-TV
  
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• Claims decline, billing change lead to 10.8% Ohio comp premium decrease

  03-03-2015 17:29
  
  Private employers in Ohio will see a 10.8% workers compensation rate decrease as of July 1, the Ohio Bureau of Workers' Compensation said.
  
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• Costly shift to new credit cards won't fix security issues

  03-03-2015 17:24
  
  (Reuters) — New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. But despite a price tag of $8.
  
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• Safety Probe Underway of Montana Plant Fire That Burned 3

  03-03-2015 17:06
  
  Wyoming workplace safety officials say they’re investigating a fire that burned three men at a chemical plant that manufactures explosives near Cheyenne. The fire happened Thursday morning at the Dyno Nobel plant a couple miles west of town. Wyoming Department …
  The article Safety Probe Underway of Montana Plant Fire That Burned 3 appeared first on Insurance Journal.
  
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• Safety first: Here are the 10 vehicles with the lowest rates of driver deaths

  03-03-2015 17:05
  The chances of dying in a crash in a late-model vehicle have fallen by more than one-third. And there's more good news.
  
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• Man With Four Times BAC in Montana Crash Admits to 10th DUI

  03-03-2015 17:04
  
  A man who caused a wreck in Billings, Mont. in December while driving with a blood alcohol concentration four times the legal limit has pleaded guilty to his 10th DUI. David South also pleaded guilty to felony criminal endangerment for the crash …
  The article Man With Four Times BAC in Montana Crash Admits to 10th DUI appeared first on Insurance Journal.
  
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• Lawsuit in 2011 Nevada Gold Mine Death Settled

  03-03-2015 16:52
  
  A lawyer for the Utah family of a contract worker at a Nevada gold mine that paid more than $100,000 in U.S. safety fines after he was killed there in 2011 says they’ve settled a wrongful death suit with Newmont …
  The article Lawsuit in 2011 Nevada Gold Mine Death Settled appeared first on Insurance Journal.
  
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• 'Resiliency' revisited

  03-03-2015 16:47
  Let's consider how that word applies to many of the men and women who serve as the human face and the backbone of the insurance business.
  
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• Fitch Publishes Report on US P/C Insurance Profit Fundamentals - Reuters

  03-03-2015 16:46 via reuters.com
  Fitch Publishes Report on US P/C Insurance Profit Fundamentals
  Reuters
  (The following statement was released by the rating agency) CHICAGO, March 03 (Fitch) Fitch Ratings has published a special report titled 'U.S. Property/Casualty Insurance Profit Fundamentals.' The report reviews fundamental drivers of profitability ...
  
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• Profiling insurance pros under 40: Melissa Power, Spokane, Wash. - PropertyCasualty360

  03-03-2015 16:43 via propertycasualty360.com
  PropertyCasualty360
  Profiling insurance pros under 40: Melissa Power, Spokane, Wash.
  PropertyCasualty360
  Right out of high school, I applied to a P.O. Box number for an administrative assistant and file position. This was for a local insurance agency, and I started at that job and over the years moved up to CSR, agent and then to manager. I give credit to ...
  
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• JLT’s 2014 revenues up on steady performance in its diverse holdings

  03-03-2015 16:39
  
  Jardine Lloyd Thompson Group P.L.C. posted revenues of £1.04 billion ($1.61 billion) for 2014, up 6.2% from £979.15 million ($1.51 billion) in 2013, the London-based brokerage said Tuesday.
  
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• How to Battle Rising Insurance Premiums - Nasdaq

  03-03-2015 16:39 via nasdaq.com
  
  How to Battle Rising Insurance Premiums
  Nasdaq
  Home insurance premiums go up – it's just a fact. But unlike when bacon prices or cable television rates go up, you don't have to just take it. The good news: You can take a number of steps to combat increases in how much you pay for home insurance.
  
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• Piracy claims hold up bank robber film before U.S. release

  03-03-2015 16:33
  
  To the dismay of film distributor Osiris Entertainment, viewers could watch “Electric Slide” online before it hits the domestic box office next month.
  
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• Retaliation Protection, Not Pay, Influences Internal Corporate Whistleblowing: Research

  03-03-2015 16:22
  
  Offering monetary incentives does not necessarily influence whistleblowing behavior and might even discourage internal reporting, according to new research. Researchers at North Carolina State University and Bucknell University found that while strong anti-retaliation policies can encourage employees to notify internal …
  The article Retaliation Protection, Not Pay, Influences Internal Corporate Whistleblowing: Research appeared first on Insurance Journal.
  
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• Internal Corporate Whistleblowers Swayed by Protections, Not Pay: Study

  03-03-2015 16:22
  
  Offering monetary incentives does not necessarily influence whistleblowing behavior and might even discourage internal reporting, according to new research. Researchers at North Carolina State University and Bucknell University found that while strong anti-retaliation policies can encourage employees to notify internal …
  The article Internal Corporate Whistleblowers Swayed by Protections, Not Pay: Study appeared first on Insurance Journal.
  
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• AIG former CEO remembered for leading the insurer’s revival

  03-03-2015 16:16
  Former American International Group Inc. President and CEO Robert H. Benmosche, who died Friday in New York after battling cancer for five years, will go down in history as the executive who led the well-documented turnaround of the insurance giant.
  
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• Obama defends lack of 'Plan B' for ACA court case

  03-03-2015 16:12
  
  (Reuters) — President Barack Obama on Monday said he thinks there is no “plausible legal basis” for the U.S.
  
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• Is insuring your identity against fraud worth it?

  03-03-2015 16:09
  Anyone who isn't in a high state of alert about safeguarding his or her identity is either in massive denial or is a fatalist.
  
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• Powerlytics Delivers Highest Quality Data to Insurance Industry - Insurance News Net

  03-03-2015 16:00 via insurancenewsnet.com
  Powerlytics Delivers Highest Quality Data to Insurance Industry
  Insurance News Net
  DOYLESTOWN, Pa. --(BUSINESS WIRE)-- Insurance companies can now greatly enrich their datasets to discover previously unseen relationships and perform detailed analysis that can improve their decision making and marketing processes. Following a ...
  
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• Bank of England warns insurers of possible 'huge hit' over fossil fuels

  03-03-2015 15:55
  
  (Reuters) — Insurers may face a “huge hit” if they end up being wrongfooted by rule changes linked to climate change, the Bank of England said on Tuesday.
  
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• Hurricane Sandy Victims Reach First Set of FEMA Insurance Settlements

  03-03-2015 15:48
  
  Federal disaster assistance officials have begun reaching settlements with more than 1,000 Hurricane Sandy victims who allege they were unfairly denied flood insurance claims or paid too little for them. Lawyers for property owners told federal magistrate judges overseeing lawsuits …
  The article Hurricane Sandy Victims Reach First Set of FEMA Insurance Settlements appeared first on Insurance Journal.
  
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• 'Cadillac' tax could diminish union health plans

  03-03-2015 15:40
  Health plans obtained through union collective bargaining agreements often include much more generous benefits than other employer-sponsored plans.
  
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