Insurance news

• Who should buy long-term care insurance? - kfor.com

  19-03-2015 23:28 via kfor.com
  
  Who should buy long-term care insurance?
  kfor.com
  OKLAHOMA CITY – National statistics show that about 70 percent of Americans will need some kind of long-term care at some point. Long-term care, which encompasses in-home care, assisted living facilities and nursing home care, is very expensive.
  
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• Insurance tops the list of consumer issues in 2014 - wwlp.com

  19-03-2015 22:57 via wwlp.com
  
  Insurance tops the list of consumer issues in 2014
  wwlp.com
  BOSTON (WWLP) – The State Office of Consumer Affairs and Business Regulation outlined last year's top five consumer problems. Year after year, insurance tops the list. Consumer Affairs Undersecretary John Chapman said “from auto insurance to health ...
  
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• Thousands rally around Spencer teacher fighting cancer, insurance company - WCVB Boston

  19-03-2015 22:52 via wcvb.com
  
  WCVB Boston
  Thousands rally around Spencer teacher fighting cancer, insurance company
  WCVB Boston
  HAD A BABY AND ANOTHER CHILD IN THE MINI VAN AND AN OPEN CONTAINER OF ALCOHOL. A TEACHER FROM SPENCER IS BATTLING LIFE THREATENING CANCER AND HIS INSURANCE COMPANY. I. HEATHER: THOUSANDS ARE PEOPLE ...
  
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• Online insurance company eHealth lays off 72 in Gold River - Sacramento Business Journal

  19-03-2015 22:46 via bizjournals.com
  
  Sacramento Business Journal
  Online insurance company eHealth lays off 72 in Gold River
  Sacramento Business Journal
  Health care reform has taken a toll on sign-ups through online health insurance giant eHealth Inc., and employment at the company's Gold River call center. The company laid off 72 employees there, and about 160 jobs total. Kathy Robertson: Senior Staff ...
  
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• NJ Senate OKs Electronic Proof of Insurance, Reverse Rate Evasion Bills - Insurance Journal

  19-03-2015 21:58 via insurancejournal.com
  
  NJ Senate OKs Electronic Proof of Insurance, Reverse Rate Evasion Bills
  Insurance Journal
  New Jersey's state Senate on March 16 passed a bill (A-3905) that would allow motorists to display proof of auto insurance in either physical or electronic format. The bill was previously approved by the state Assembly and now heads to Gov. Chris ...
  
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• N.J. Senate OKs Electronic Proof of Insurance, Reverse Rate Evasion Bills

  19-03-2015 21:49
  
  New Jersey’s state Senate on March 16 passed a bill (A-3905) that would allow motorists to display proof of auto insurance in either physical or electronic format. The bill was previously approved by the state Assembly and now heads to …
  The article N.J. Senate OKs Electronic Proof of Insurance, Reverse Rate Evasion Bills appeared first on Insurance Journal.
  
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• Insurers must adapt to a digital world

  19-03-2015 20:46
  
  Insurers can leverage technology to improve performance and therefore should strive to become “digital firms” according to a new report from consulting firm McKinsey & Co.
  
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• Large insurers more likely to embrace predictive modeling

  19-03-2015 20:38
  
  Roughly half of commercial insurers say predictive modeling is “essential” for risk selection and rating, according to a new survey from professional services firm Towers Watson & Co., released Thursday.
  
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• NY Regulator Studying How Car, Other Insurance Rates Are Set - Wall Street Journal

  19-03-2015 20:31 via wsj.com
  
  Wall Street Journal
  NY Regulator Studying How Car, Other Insurance Rates Are Set
  Wall Street Journal
  New York's top financial watchdog warned insurers this week about charging higher prices to customers least likely to shop around, the latest state to raise questions about how the industry uses data when setting rates. Department of Financial Services ...
  
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• Judge dismisses lawsuit over $13 billion JPMorgan Chase settlement

  19-03-2015 20:31
  
  (Reuters) — A U.S. judge tossed out a lawsuit brought by nonprofit group Better Markets that sought to block a $13 billion settlement JPMorgan Chase & Co. reached with the U.S.
  
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• Homeowners struggle with insurance companies; claims from weather damage ... - The Denver Channel

  19-03-2015 20:25 via thedenverchannel.com
  
  The Denver Channel
  Homeowners struggle with insurance companies; claims from weather damage ...
  The Denver Channel
  Copyright 2014 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Hail Damage. Dena Haslage. Your loyalty to your insurance company may not help you out, when you really need it.That's ...
  
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• Cyber coverage a double-edged sword for insurance industry

  19-03-2015 20:08
  
  Cyber insurance is a growth opportunity for the insurance industry that also presents an “incalculable threat,” says Fitch Ratings Ltd. in a report issued Thursday.
  
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• Crawford names head of European operations

  19-03-2015 19:52
  
  Kieran Rigby will lead Crawford & Co.’s European operations, the Atlanta-based claims management firm said Thursday.
  
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• Smartglasses help adjusters see the future of claims

  19-03-2015 19:45
  New technology could transform the P&C and auto collision repair industries.
  
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• Enrollments in Towers Watson health exchange could top 1 million

  19-03-2015 19:34
  
  Towers Watson & Co. says it expects enrollment in its private health insurance exchange to hit 1.2 million this year, a 50% increase from 2014.
  
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• Domenick & Co. Acquires Human Services Co. in Baltimore

  19-03-2015 18:56
  
  Domenick & Company, a Philadelphia-based independent agency specializing in providing property/casualty insurance and risk management services to the nonprofit sector, announced it has acquired the assets of Human Services Company, an independent agency in Baltimore that also caters to the …
  The article Domenick & Co. Acquires Human Services Co. in Baltimore appeared first on Insurance Journal.
  
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• Asbestos trust transparency act signed into law in West Virginia

  19-03-2015 18:56
  
  West Virginia Gov. Earl Ray Tobin has signed into law a bill that seeks to coordinate asbestos claims that are filed both in litigation and trusts established in asbestos-related bankruptcy proceedings.
  
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• Beacon Pointe Acquires Albert Heeg in California

  19-03-2015 18:48
  
  Newport Beach, Calif.-based Beacon Pointe Advisors has acquired Albert Heeg Investment Management Co. Alameda, Calif.-based Albert Heeg joins Beacon Pointe’s institutional consulting services group, which specializes in consulting institutional clients, including foundations and endowments, healthcare organizations, educational and religious institutions, …
  The article Beacon Pointe Acquires Albert Heeg in California appeared first on Insurance Journal.
  
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• Exotic dancer shot by stray bullet eligible for workers comp

  19-03-2015 18:41
  
  A South Carolina woman who was shot while working as an exotic dancer is an employee, not an independent contractor, and is therefore entitled to workers compensation, the state Supreme Court ruled Wednesday.
  
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• Senate panel takes up cyber insurance issues

  19-03-2015 18:19
  
  A single federal standard for notifying victims of cyber security breaches is preferable to the current patchwork of state laws, an attorney who is also a professor of insurance law told a Senate panel on Thursday
  
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• Willis Re flood modeling tool targets Canadian risks

  19-03-2015 17:58
  
  Willis Re, the reinsurance arm of Willis Group Holdings P.L.C., on Thursday launched a suite of tools that allows insurers in Canada to identify potential flood exposures.
  
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• Might Human Drivers Be Outlawed?

  19-03-2015 17:55
  
  Tesla Motors co-founder and CEO Elon Musk thinks that human-driven cars could eventually be outlawed as computers show they can do a more efficient and safer job of driving. “In the distant future, [legislators] may outlaw driven cars because they’re …
  The article Might Human Drivers Be Outlawed? appeared first on Insurance Journal.
  
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• Program provides insurers real-time access to electronic health records

  19-03-2015 17:55
  
  Software and technology services provider SunGard Financial Systems, a unit of SunGard Data Systems Inc.
  
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• Ask the Insurance Industry “Where's the money?” - The Capitol Fax Blog (blog)

  19-03-2015 17:46 via capitolfax.com
  Belleville News Democrat
  Ask the Insurance Industry “Where's the money?”
  The Capitol Fax Blog (blog)
  Two recent studies published by NPR/Pro Publica and the federal Occupational Safety and Health Administration (OSHA) show that nationwide, insurance companies have kept any cost savings from recent workers' compensation “reforms” for themselves, ...
  Guest view: Benefits of Illinois; workers' comp reform grabbed by insurance ...Belleville News Democrat
  AIA Statement on 20
  
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• Citizens Insurance shrinks to smallest size ever - Jacksonville Business Journal (blog)

  19-03-2015 17:42 via bizjournals.com
  
  Citizens Insurance shrinks to smallest size ever
  Jacksonville Business Journal (blog)
  A multi-pronged approach to put more homeowner policies into the hands of private insurers has gotten Citizens Property Insurance Corp. to its smallest size since its creation more than a decade ago, President and Chief Executive Officer Barry Gilway ...
  Citizens Property Insurance Corp. at its smallest since creation in 2002Orlando Business Journal
  Citizens Property Insurance shrinks to record lowTampaba
  
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• NOAA: Spring Flooding Risk in Western N.Y., Eastern New England

  19-03-2015 17:29
  
  According to National Oceanic and Atmospheric Administration’s (NOAA) Spring Outlook released today, rivers in western New York and eastern New England have the greatest risk of spring flooding in part because of heavy snowpack coupled with possible spring rain. Record-breaking …
  The article NOAA: Spring Flooding Risk in Western N.Y., Eastern New England appeared first on Insurance Journal.
  
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• Insurance company denies Oklahoma man's claim after his car hit a huge pothole - kfor.com

  19-03-2015 17:27 via kfor.com
  
  Insurance company denies Oklahoma man's claim after his car hit a huge pothole
  kfor.com
  Angel Cancel said his wife drove over a massive hole along the road, damaging their car's strut. “She hit it so hard that the strut went straight up and almost came up through the hood of the car,” Cancel told KJRH. Cancel has full coverage on his car ...
  
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• Target agrees to pay $10 million to settle lawsuit from data breach

  19-03-2015 17:14
  
  (Reuters) — Target Corp. has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show.
  
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• Workers' Comp not 'demolished': What ProPublica neglected to tell you

  19-03-2015 17:12
  Several key points need to be addressed to make the workers' comp picture much clearer.
  
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• NOAA: No Spring Drought Relief for California, Nevada, Oregon

  19-03-2015 17:10
  
  Californians facing a fourth year of drought conditions – and some other parts of the West – shouldn’t count on any relief in the coming months. The National Oceanic and Atmospheric Administration on Thursday issued its Spring Outlook forecast. It …
  The article NOAA: No Spring Drought Relief for California, Nevada, Oregon appeared first on Insurance Journal.
  
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• GEICO Expands Ridesharing Product to Maryland

  19-03-2015 17:08
  
  GEICO is now offering its ridesharing insurance product to Uber (UberX and UberXL), Lyft, Sidecar and other services to approved drivers in Maryland, in addition to Virginia. The product, which replaces the driver’s personal auto policy, provides coverage both for …
  The article GEICO Expands Ridesharing Product to Maryland appeared first on Insurance Journal.
  
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• Anthem Blue Cross denies wheelchair for paralyzed toddler - WLS-TV

  19-03-2015 17:05 via abc7chicago.com
  
  WLS-TV
  Anthem Blue Cross denies wheelchair for paralyzed toddler
  WLS-TV
  An insurance battle has a Kingsburg family looking for help for their 2-year-old son. He's paralyzed from the waist down and they can't get their insurance company to pay for a new wheelchair. Embed. <iframe width="476" height="270" ...
  Wheelchair-bound Calif. boy, 2, in battle with insuranceNew York Daily News
  
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• Chicago-Based Alper Services Partners with Germany’s unisonBrokers

  19-03-2015 17:03
  
  Alper Services LLC, an independent insurance brokerage in Chicago, Ill., announced it recently signed an agreement with unisonBrokers, a global broker network with multinational insurance and risk management services, who partners with select growth-oriented regional brokers. The agreement allows Alper …
  The article Chicago-Based Alper Services Partners with Germany’s unisonBrokers appeared first on Insurance Journal.
  
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• FEMA Official: ‘We Are Undertaking Sweeping Reforms’ at NFIP

  19-03-2015 17:03
  The Federal Emergency Management Agency said it is working to give every Hurricane Sandy survivor who thinks they may have been defrauded or received less than they were entitled to under their National Flood Insurance Program (NFIP) policy, the opportunity …
  The article FEMA Official: ‘We Are Undertaking Sweeping Reforms’ at NFIP appeared first on Insurance Journal.
  
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• Judge Dismisses Mayflower, Arkansas Oil Spill Lawsuit

  19-03-2015 16:54
  
  A federal class-action lawsuit against Exxon Mobil Corporation over a 2013 crude oil spill in central Arkansas has been dismissed by a federal judge, who acknowledged in his ruling that his decision seems unfair. U.S. District Judge Brian Miller on …
  The article Judge Dismisses Mayflower, Arkansas Oil Spill Lawsuit appeared first on Insurance Journal.
  
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• Arkansas Senate OKs Plan to Create New Agency to Regulate Title Insurance

  19-03-2015 16:46
  
  The Arkansas Senate is backing a proposal to set up a new commission that would supervise the title insurance business. The body approved Sen. Jeremy Hutchinson’s bill on a 20-11 vote on March 17. The bill had failed the day before …
  The article Arkansas Senate OKs Plan to Create New Agency to Regulate Title Insurance appeared first on Insurance Journal.
  
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• Hallmark Insurance Group Ratings Affirmed, Outlook Still Negative

  19-03-2015 16:39
  
  A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the members of Fort Worth, Texas-based Hallmark Insurance Group (Hallmark Group). Additionally, A.M. Best has affirmed the ICR of “bbb-” for the …
  The article Hallmark Insurance Group Ratings Affirmed, Outlook Still Negative appeared first on Insurance Journal.
  
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• McDonald's worker safety complaints challenge franchise protections

  19-03-2015 16:31
  
  Health and safety complaints lodged against McDonald’s Corp.-owned and franchised restaurants are the latest challenges to the longstanding business model employed by restaurant chains, experts say.
  
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• California’s Governor to Unveil Emergency Drought Legislation

  19-03-2015 16:24
  
  California Gov. Jerry Brown plans to detail new legislation to help manage a worsening drought gripping the most populous U.S. state for a fourth year. Brown has scheduled a news conference with legislative leaders for Thursday morning in Sacramento, according …
  The article California’s Governor to Unveil Emergency Drought Legislation appeared first on Insurance Journal.
  
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• Top 10 financial and insurance companies to work for in 2015

  19-03-2015 16:20
  Check out which companies in finance and insurance made the list.
  
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• Uber Ads Lie About Superior Safety California Cabbies Say

  19-03-2015 16:10
  
  Uber Technologies Inc. was sued by more than a dozen California cab companies over claims it falsely advertises its rideshare service promotes as safer than taxis. Uber misleads customers about the background checks it uses to screen its drivers and …
  The article Uber Ads Lie About Superior Safety California Cabbies Say appeared first on Insurance Journal.
  
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• MetLife Circles Back to Landmark NYC Tower It Mostly Left

  19-03-2015 15:58
  
  It took almost a decade and a half for MetLife Inc. to determine that Manhattan’s MetLife Building was where it belonged. The biggest U.S. life insurer said Wednesday it will consolidate its New York operations into 200 Park Ave., which …
  The article MetLife Circles Back to Landmark NYC Tower It Mostly Left appeared first on Insurance Journal.
  
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• Actuary's book takes five steps in making everyday decisions

  19-03-2015 15:36
  
  Considering selling your car to buy a new one? Buying a new refrigerator? Trying to work out how best to save for retirement?
  
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• They insured what? 10 celebrities and their lucrative body parts

  19-03-2015 15:24
  From vocal chords to sperm, Hollywood icons insure it all.
  
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• California cab companies sue Uber over safety ads

  19-03-2015 15:19
  Uber was sued by more than a dozen California cab companies over claims it falsely advertises its ride-share service as safer than taxis.
  
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• Ping An Insurance profit jumps 39% on investment gains

  19-03-2015 15:16
  (Reuters) — Ping An Insurance Group Co. of China Ltd., Asia's second-largest insurer by market value, posted a better-than-expected 39.5% rise in annual profits on Thursday as investment income soared on the back of China's rising stock markets.
  
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• Allianz hedges stake in Chinese insurer through deal with Goldman

  19-03-2015 15:12
  (Reuters) — Allianz S.E.
  
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• Insurance commissioner rips Blue Shield for alleged tax dodge - Sacramento Business Journal (blog)

  19-03-2015 15:10 via bizjournals.com
  
  CBS Local
  Insurance commissioner rips Blue Shield for alleged tax dodge
  Sacramento Business Journal (blog)
  Blue Shield of California, which has had its tax-exempt status stripped by the California Franchise Tax Board, also took a hit late Wednesday from state Insurance Commissioner Dave Jones, a frequent foe. Chris Rauber: Reporter- San Francisco Business ...
  State Insurance Commissioner Calls Out Blue Shield for 'Second Tax Dodge'California Healthline
  
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• Target agrees to set up $10M fund to settle data breach claims

  19-03-2015 15:10
  Target agreed to settle with more than 100 million customers whose personal information may have been breached in a database hack in 2013.
  
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• Senators demand Anthem hasten notifications on data breach

  19-03-2015 15:04
  Two senior U.S. senators demanded Anthem pick up the pace in notifying as many as 79 million Americans that their personal information may have been stolen in a computer breach last month.
  
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