Insurance news

• Stewart Joins NORCAL Mutual in California as SVP in Underwriting

  18-03-2015 23:48
  
  San Francisco, Calif.-based NORCAL Mutual Insurance Co. has named Andre Stewart senior vice president of underwriting on custom accounts. Stewart will be responsible for new business growth with a focus on multistate and national accounts, program business, unique risks and …
  The article Stewart Joins NORCAL Mutual in California as SVP in Underwriting appeared first on Insurance Journal.
  
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• Legacy Risk in California Names Bolger joins Vice President

  18-03-2015 23:39
  
  Walnut Creek, Calif.-based Legacy Risk & Insurance Services LLC has named Drew Bolger a producer and vice president. Bolger is focused on increasing the firm’s client base in the middle market. Bolger will work with the team to expand the firm’s reach into new …
  The article Legacy Risk in California Names Bolger joins Vice President appeared first on Insurance Journal.
  
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• Ingham Co. schools to partner with insurance industry - Lansing State Journal

  18-03-2015 23:29 via lansingstatejournal.com
  
  Lansing State Journal
  Ingham Co. schools to partner with insurance industry
  Lansing State Journal
  LANSING –. A new career-orientated class that focuses on the growing insurance industry in the region will be open to 50 students in Ingham County beginning this fall. The year-long class will prepare high school students for a career in the insurance ...
  
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• 7 Macon residents accused of staging crash in insurance fraud case - Macon Telegraph (blog)

  18-03-2015 23:02 via macon.com
  Macon Telegraph (blog)
  7 Macon residents accused of staging crash in insurance fraud case
  Macon Telegraph (blog)
  Video footage has been released showing the destruction of 20,000 pounds of illegal fireworks in Texas. ITN. http://launch.newsinc.com/share.html?trackingGroup=91075&siteSection=macon300_nws_non_sec&videoId=28740631. BACK. Embed.
  7 arrested for insurance fraud in staged car crashColumbus Ledger-Enquirer
  Seven suspects facing insurance fraud charges for staging car accident41
  
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• What Pet Insurance Covers - Investopedia

  18-03-2015 23:00 via investopedia.com
  
  Investopedia
  What Pet Insurance Covers
  Investopedia
  You love your pet, but if it were to get seriously ill or injured, you probably haven't saved the money to pay for its care. Sure, an emergency fund to cover pet expenses sounds like a great idea. But if you're honest, paying a pet insurance premium is ...
  
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• EEOC seeks public comment on existing regulations

  18-03-2015 21:11
  The U.S. Equal Employment Opportunity Commission is seeking public comment in connection with a review of whether it should modify, streamline, expand or repeal significant existing regulations, the agency said Wednesday.
  
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• Wellness programs urged to focus on employees' overall well-being

  18-03-2015 21:03
  
  SAN FRANCISCO — Employers can more deeply influence their employees’ health management habits by expanding their workplace wellness programs to account for a more comprehensive view of their workers’ overall well-being.
  
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• Securities lawsuits against life sciences firms spike in 2014

  18-03-2015 20:54
  
  The number of securities class action lawsuits filed against life sciences companies increased dramatically in 2014, and they accounted for a larger percentage of the total number of class actions filed as well, says a law firm survey.
  
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• Cyber insurance buying tips available in new Business Insurance webinar

  18-03-2015 20:40
  A new Business Insurance webinar examines the case for obtaining cyber insurance and demonstrates how businesses can secure the most effective coverage at the best cost.
  
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• Company that disregarded safety not covered under CGL policy

  18-03-2015 20:30
  
  An insurer that covered employers under a commercial general liability policy isn’t obligated to indemnify the employers if they’re found liable in an injured worker’s intentional tort claim, the Ohio Supreme Court ruled Thursday.
  
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• U.S. vows to keep pressing China on bank cyber security rules

  18-03-2015 20:27
  
  (Reuters) — Washington will keep pressing China to pause new bank cyber security rules that have upset U.S. companies and is working with Japan and the European Union to present a united front, a senior U.S. official said Wednesday.
  
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• California workers comp claims administrators get high performance ratings

  18-03-2015 20:22
  
  California workers compensation claims administrators who conduct utilization reviews received a 97% performance rating for 2013, surpassing the 85% benchmark that state insurance regulators consider a passing grade for such reviews, the California...
  
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• Architects and engineers face flat to modest rate hikes in 2015

  18-03-2015 19:34
  
  Most professional liability insurers for architects and engineers anticipate flat or modest rate hikes this year, a broker’s survey says.
  
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• Beecher Carlson Adds 2 From Graham Co. in Philadelphia

  18-03-2015 19:32
  
  Beecher Carlson Insurance Services LLC, a specialized large account insurance broker, has expanded its National Healthcare Practice with the hiring of Tim Folk as managing director and Christopher Rieser as senior vice president. Folk and Rieser will work out of …
  The article Beecher Carlson Adds 2 From Graham Co. in Philadelphia appeared first on Insurance Journal.
  
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• Nevada lawmaker wants to gamble on pot for pets

  18-03-2015 19:18
  
  (Reuters) — Pampered pets in the Silver State soon may qualify for a new prescription drug rider on their pet insurance policies.
  
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• Australian broker names CEO of underwriting agency

  18-03-2015 18:45
  
  Australian insurance brokerage Steadfast Group Ltd. said Wednesday that Bobby Lehane will lead its CHU Underwriting Agencies Pty Ltd. unit as CEO, effective April 1.
  
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• Multiemployer pension plan funding varies widely

  18-03-2015 18:30
  
  The average funded level of multiemployer pension plans was largely unchanged in 2014, but funding levels of individual plans varied significantly, according to a new survey.
  
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• Car Safety Tickets on Rise in New Jersey

  18-03-2015 17:59
  
  Police in New Jersey are writing more tickets for safety violations in the nearly four years since the state ended motor vehicle safety inspections. A review of court records by The Record newspaper finds police issued nearly 100,000 tickets for …
  The article Car Safety Tickets on Rise in New Jersey appeared first on Insurance Journal.
  
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• 6 steps to going digital successfully for insurance carriers

  18-03-2015 17:45
  McKinsey report identifies where carriers are struggling and how they can achieve significant digital gains—easily.
  
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• Burns & Wilcox Brokerage Hires Ascolese as Casualty Broker in NYC

  18-03-2015 17:44
  
  Burns & Wilcox Brokerage has hired Jerry Ascolese as casualty broker for its New York City office. Ascolese, who most recently served as senior vice president at R-T Specialty, will be responsible for providing casualty insurance services for clients with …
  The article Burns & Wilcox Brokerage Hires Ascolese as Casualty Broker in NYC appeared first on Insurance Journal.
  
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• A.M. Best Upgrades Michigan Millers Mutual Insurance Ratings

  18-03-2015 17:35
  
  A.M. Best has removed from under review with positive implications and upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb” of Michigan Millers Mutual Insurance Co. (Michigan Millers) in Lansing, Mich. The …
  The article A.M. Best Upgrades Michigan Millers Mutual Insurance Ratings appeared first on Insurance Journal.
  
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• U.K. crafting tax regime to boost London market

  18-03-2015 17:33
  
  The U.K. government will develop a corporate tax structure to allow insurance-linked securities to be domiciled in the United Kingdom, Chancellor of the Exchequer George Osborne announced Wednesday in his budget presentation.
  
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• Last Year’s Fatalities Prompt New Safety Features at Austin’s SXSW

  18-03-2015 17:32
  
  Snoop Dogg, J. Cole and TV on the Radio are on the schedule, but what’s really getting attention at this year’s South by Southwest music festival in Austin, Texas, is safety. After a driver plowed through a barricade and into …
  The article Last Year’s Fatalities Prompt New Safety Features at Austin’s SXSW appeared first on Insurance Journal.
  
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• N.J. Man Pleads Guilty to Insurance Fraud Over Damage Done to Car

  18-03-2015 17:27
  
  A New Jersey man has admitted that he sought more than $15,000 from his insurance company for damage done to his car before his policy took effect and for personal items he claimed were stolen. Derrick Smith of Newark, New …
  The article N.J. Man Pleads Guilty to Insurance Fraud Over Damage Done to Car appeared first on Insurance Journal.
  
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• Kaplansky Insurance Acquires North State Insurance in Massachusetts

  18-03-2015 17:24
  
  Kaplansky Insurance Agency, an independent agency headquartered in Needham, Massachusetts, recently announced that it has acquired North State Insurance Agency of Chelmsford, Massachusetts. Terms of the transaction were not disclosed. North State Insurance Agency has been providing insurance services to …
  The article Kaplansky Insurance Acquires North State Insurance in Massachusetts appeared first on Insurance Journal.
  
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• Graves Joins Dallas Office of All Risks

  18-03-2015 17:23
  
  The South Central operation of property/casualty wholesale insurance broker All Risks Ltd. has added Eric Graves as a producer in Dallas. Graves joins the Dallas office as a brokerage underwriter and brings proven abilities in sales, marketing and business development. …
  The article Graves Joins Dallas Office of All Risks appeared first on Insurance Journal.
  
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• Wildfire Spreads in Western Oklahoma, Homes Evacuated

  18-03-2015 17:21
  
  Emergency personnel say about a dozen people have been evacuated from their homes because of wildfire that has burned 37 square miles in rural western Oklahoma. Woodward County emergency manager Matt Lehenbauer said on March 17 that the fire is …
  The article Wildfire Spreads in Western Oklahoma, Homes Evacuated appeared first on Insurance Journal.
  
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• Iowa House Panel OKs Car Insurance Tracking Bill

  18-03-2015 17:18
  
  People in Iowa with outdated car insurance would be monitored by a private company for compliance under a bill approved by a House panel. Members of a Ways and Means subcommittee approved the bill before sending it to a full …
  The article Iowa House Panel OKs Car Insurance Tracking Bill appeared first on Insurance Journal.
  
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• Missouri Man Admits Role in Arson-for-Insurance Schemes

  18-03-2015 17:15
  
  A man implicated in an arson-and-insurance fraud scheme when his clothes caught fire during a house blaze he helped set has pleaded guilty in Missouri to federal conspiracy and other charges. John S. Wayne, of Kansas City, entered the pleas …
  The article Missouri Man Admits Role in Arson-for-Insurance Schemes appeared first on Insurance Journal.
  
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• AmTrust to Acquire ARI Mutual Insurance in Pennsylvania

  18-03-2015 17:11
  
  AmTrust Financial Services Inc. announced today that it has entered into a definitive agreement, pending regulatory and policyholder approval, to acquire ARI Mutual Insurance Company in Newtown, Pennsylvania, following the completion of the conversion of ARI to a stock company …
  The article AmTrust to Acquire ARI Mutual Insurance in Pennsylvania appeared first on Insurance Journal.
  
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• CoreLogic Releases Property Risk Assessment Platform

  18-03-2015 16:50
  
  CoreLogic, a global property information, analytics and data-enabled services provider, has released RCT Express 4.2, an expanded property risk assessment platform offering the insurance industry a fully-integrated and complete view of property risk that includes comprehensive building and contents valuation …
  The article CoreLogic Releases Property Risk Assessment Platform appeared first on Insurance Journal.
  
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• Auto insurance fraud is about to become a crime in New Jersey

  18-03-2015 16:45
  Legislation levies stiff fines against auto premium fraudsters.
  
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• Obama administration parades health coverage figures

  18-03-2015 16:35
  
  As the 5th anniversary of the signing of the president's landmark health insurance reform law nears, the Obama administration is boasting about what it says is the law's major success: reducing the number of uninsured.
  
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• Retired Head of CAP in California Reflects on Medical Malpractice

  18-03-2015 16:30
  
  He’s only a few weeks into official retirement, but James L. Weidner is already looking back fondly at the last 20 years as chief executive officer of Cooperative of American Physicians. “It was just an absolutely wonderful experience,” said Weidner, …
  The article Retired Head of CAP in California Reflects on Medical Malpractice appeared first on Insurance Journal.
  
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• K&K Lowers Rates for Private School Student Accident Coverage

  18-03-2015 16:28
  
  K&K Insurance Group, Inc., a subsidiary of Aon plc, has lowered its rates for student accident coverage designed for private non-boarding K-12 schools. K&K’s private school student accident program provides coverage for all students participating in activities under the supervision …
  The article K&K Lowers Rates for Private School Student Accident Coverage appeared first on Insurance Journal.
  
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• Boston Marathon Bombing Lesson: Risk Managers Urge Better ‘Terror Act’ Certification Process

  18-03-2015 16:18
  
  Citing uncertainty following the Boston Marathon bombing almost two years ago, risk managers are urging the federal government to set a deadline for determining if an event is an act of terrorism and also use insurers’ figures for estimating losses. …
  The article Boston Marathon Bombing Lesson: Risk Managers Urge Better ‘Terror Act’ Certification Process appeared first on Insurance Journal.
  
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• Boston Bombing Lesson: Risk Managers Urge Better ‘Terror Act’ Certification

  18-03-2015 16:18
  
  Citing uncertainty following the Boston Marathon bombing almost two years ago, risk managers are urging the federal government to set a deadline for certifying if an event is an act of terrorism and also use insurers’ figures for estimating losses …
  The article Boston Bombing Lesson: Risk Managers Urge Better ‘Terror Act’ Certification appeared first on Insurance Journal.
  
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• Lawmakers in Colorado Launch Debate on Homebuilder Liability

  18-03-2015 16:16
  
  Colorado lawmakers started work this week on one of the most anticipated issues of the legislative session: liability for homebuilders. But whether the bills are a way to spark the construction of more affordable housing, or a handout to developers, has …
  The article Lawmakers in Colorado Launch Debate on Homebuilder Liability appeared first on Insurance Journal.
  
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• For Dry California Another Year of Water Restrictions Likely

  18-03-2015 16:14
  
  Californians won’t be able to water their lawns more than twice a week under tougher drought regulations that were expected to be approved this week as the state heads into a fourth particularly dry year. The State Water Resources Control Board is considering …
  The article For Dry California Another Year of Water Restrictions Likely appeared first on Insurance Journal.
  
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• Female Senior Partner: No Discrimination at California Investment Firm

  18-03-2015 16:11
  
  One of the most powerful women in venture capital and a well-respected tech investor says she never saw or experienced gender discrimination at the California firm at the center of a $16 million gender bias lawsuit. Mary Meeker is one …
  The article Female Senior Partner: No Discrimination at California Investment Firm appeared first on Insurance Journal.
  
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• Premera Blue Cross in Washington Says Data on 11M Exposed by Hackers

  18-03-2015 16:09
  
  Mountlake Terrace, Wash.-based Premera Blue Cross, which sells health insurance in the northwestern U.S., said information on 11 million people may have been exposed in a cyberattack uncovered six weeks ago. Hackers may have accessed information including names, Social Security numbers, bank …
  The article Premera Blue Cross in Washington Says Data on 11M Exposed by Hackers appeared first on Insurance Journal.
  
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• 5 wedding day mishaps that are covered by insurance

  18-03-2015 16:05
  The average wedding costs $25,000 and most of the expenses can be insured against loss.
  
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• CareFirst: We won't follow order to reinvest $56M in surplus - Washington Business Journal (blog)

  18-03-2015 15:45 via bizjournals.com
  
  Washington Business Journal (blog)
  CareFirst: We won't follow order to reinvest $56M in surplus
  Washington Business Journal (blog)
  Chet Burrell, president and CEO of CareFirst BlueCross BlueShield, said the insurer seeks a regional approach to issues around its surplus, which has been deemed excessive by District regulators. Modern Classic in Wooded Hideaway 15 photos ...
  
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• Insurance 'Geek' Boggs Pursues 'Light Bulb' Effect - Insurance Journal

  18-03-2015 15:42 via insurancejournal.com
  
  Insurance Journal
  Insurance 'Geek' Boggs Pursues 'Light Bulb' Effect
  Insurance Journal
  Some people call it the “light bulb effect” — that point in a learning experience when a previously opaque concept suddenly seems crystal clear. For Christopher J. Boggs, that light bulb effect is the most gratifying aspect of his job as a teacher of ...
  
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• Axa seeking profit in abandoned foundations of London skyscraper

  18-03-2015 15:38
  When work halted on the Pinnacle tower in the City of London, most investors saw little more than an abandoned site. Axa Real Estate Investment Managers viewed it as an opportunity.
  
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• Premera Blue Cross says data on 11 million exposed by hackers

  18-03-2015 15:30
  Premera Blue Cross, which sells health insurance in the northwestern U.S., said information on 11 million people may have been exposed in a cyberattack uncovered six weeks ago.
  
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• 5 ways for insurers to attract millennials online

  18-03-2015 15:12
  How can insurers attract the largest U.S. demographic? Follow these five surprisingly simple steps.
  
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• Longer lives pose growing opportunity, bigger risks for insurers

  18-03-2015 14:49
  A confluence of demographic and economic trends make longevity risks perhaps the biggest growth opportunity for insurers, but writing such long-tail coverage profitably also might present the industry with its biggest challenge in the decades ahead.
  
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• Hedge Funds Find Gambling on Lawsuits Lucrative

  18-03-2015 14:03
  
  For better or worse, the lawsuit-finance market continues to grow. Hedge funds and others speculating on litigation are making more and larger bets. Some corporate lobbyists warn that the new financial engineering encourages wasteful courtroom warfare, but investor demand for …
  The article Hedge Funds Find Gambling on Lawsuits Lucrative appeared first on Insurance Journal.
  
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• Exclusive: Collective Health raises $38 million to scale its insurance platform - Fortune

  18-03-2015 13:59 via fortune.com
  
  VentureBeat
  Exclusive: Collective Health raises $38 million to scale its insurance platform
  Fortune
  Collective Health, a startup revolutionizing the employer-sponsored health insurance market, has raised $38 million in Series B financing led by New Enterprise Associates (NEA) and Founder's Fund. The funding values the company, which launched on Jan.
  Collective Health raises $38M to grow employer health insurance businessVentureBeat
  
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