Insurance news

• Uber balks at proposed insurance regs - NorthJersey.com

  24-03-2015 23:28 via northjersey.com
  
  Uber balks at proposed insurance regs
  NorthJersey.com
  An Uber Technologies, Inc. official said Tuesday that a state proposal to require the rideshare company to fill what lawmakers see as a gap in its commercial insurance coverage is the main obstacle to the San Francisco-based firm's continued operation ...
  
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• Ted Cruz admits he'll be getting insurance through Obamacare - Washington Post (blog)

  24-03-2015 22:47 via washingtonpost.com
  
  Washington Post (blog)
  Ted Cruz admits he'll be getting insurance through Obamacare
  Washington Post (blog)
  Here's some interesting accountability journalism: CNN's Dana Bash asked Sen. Ted Cruz, a freshly announced 2016 presidential candidate, how his family would get health insurance now that his wife has taken an unpaid leave from her job at Goldman ...
  Cruz eyes insurance via Obamacare, a law he vows to scrapU.S. News & World Report
  Obamacare critic Ted Cruz to buy health ca
  
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• Heffernan Names Holmberg Assistant Vice President in California

  24-03-2015 22:25
  
  Heffernan Insurance Brokers has named Seth Holmberg assistant vice president of health benefits in its Walnut Creek, Calif. office. Holmberg will be responsible for business development for the employee benefits division. Holmberg comes from an employee benefits general agent, where he spent three …
  The article Heffernan Names Holmberg Assistant Vice President in California appeared first on Insurance Journal.
  
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• French Alps crash ends fatality-free period for Europe airlines

  24-03-2015 22:11
  The Germanwings plane crash in the French Alps ends the longest period in modern aviation history without a fatal accident on a large European passenger plane.
  
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• PSE&G may be owed millions in insurance over Hurricane Sandy damage, court ... - NJ.com

  24-03-2015 22:08 via nj.com
  
  NJ.com
  PSE&G may be owed millions in insurance over Hurricane Sandy damage, court ...
  NJ.com
  NEWARK — The parent company of the state's largest utility may have been shortchanged by millions of dollars in insurance claims over property damage caused by Hurricane Sandy in 2012, a judge has ruled. In what appears to be the first decision of its ...
  
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• Judge approves insurance deal for Freedom Industries - Charleston Gazette

  24-03-2015 21:16 via wvgazette.com
  Judge approves insurance deal for Freedom Industries
  Charleston Gazette
  A federal judge has approved a more than $3 million deal between Freedom Industries and the bankrupt company's insurance company, but has also limited how Freedom can use the money from the settlement. U.S. Bankruptcy Judge Ronald Pearson ...
  
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• Clark Insurance Hires Joy as Director of Employee Benefits Services in Maine

  24-03-2015 20:53
  
  Clark Insurance has hired Christopher Joy to fill the newly created position of director of Employee Benefits Services in the Portland, Maine, office. With more than 15 years of experience in the benefits realm, Joy will oversee account management processes …
  The article Clark Insurance Hires Joy as Director of Employee Benefits Services in Maine appeared first on Insurance Journal.
  
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• FAA streamlines approval for some commercial drone use

  24-03-2015 20:22
  (Reuters) — U.S. aviation regulators on Tuesday unveiled a new policy to speed up approval for the use of commercial drones in the United States under certain conditions.
  
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• House lawmakers introduce bipartisan bill to reform U.S. risk panel

  24-03-2015 20:19
  
  (Reuters) — A Republican congressman and a Democratic colleague have introduced a bill to shed more light on the workings of the Financial Stability Oversight Council, which watches for emerging threats to market stability.
  
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• 'Threat-sharing' cyber security bill introduced in House

  24-03-2015 20:15
  
  (Reuters) — The U.S. House of Representatives Intelligence Committee on Tuesday introduced long-awaited legislation intended to enhance information sharing between private companies and intelligence agencies about cyber security threats.
  
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• 'Crash and Buy' Insurance Schemes Are Growing Trend in Maryland: MIA - Insurance Journal

  24-03-2015 20:10 via insurancejournal.com
  
  'Crash and Buy' Insurance Schemes Are Growing Trend in Maryland: MIA
  Insurance Journal
  The Maryland Insurance Administration (MIA) said “crash and buy” auto insurance schemes are a growing trend in the state. When an uninsured driver crashes, buys insurance, then claims the accident happened after the policy took effect, that is fraud ...
  
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• ‘Crash and Buy’ Insurance Schemes Are Growing Trend in Maryland: MIA

  24-03-2015 20:07
  
  The Maryland Insurance Administration (MIA) said “crash and buy” auto insurance schemes are a growing trend in the state. When an uninsured driver crashes, buys insurance, then claims the accident happened after the policy took effect, that is fraud and …
  The article ‘Crash and Buy’ Insurance Schemes Are Growing Trend in Maryland: MIA appeared first on Insurance Journal.
  
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• FAA loosens requirements for commercial drone testing

  24-03-2015 19:22
  Commercial drone operators will have an easier time using and testing their devices in the U.S. after the Federal Aviation Administration said it has loosened some requirements for obtaining government permission to fly.
  
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• Best Insurance Moves for April: Spring Cleaning for Your Insurance - NerdWallet (blog)

  24-03-2015 19:15 via nerdwallet.com
  
  NerdWallet (blog)
  Best Insurance Moves for April: Spring Cleaning for Your Insurance
  NerdWallet (blog)
  As you're tackling dust bunnies and cluttered closets in your spring cleaning, don't forget your insurance policies. They may need to be dusted off and refreshed, too. Reviewing and adjusting your insurance coverage is an important part of overall ...
  
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• CAP Names Hammon Senior Vice President of Business Development

  24-03-2015 19:09
  
  Los Angeles, Calif.-based The Cooperative of American Physicians Inc. has named Hammon P. Acuna senior vice president of business development. Acuna will direct the activities and performance of all business development activities, including CAP business development, membership development, underwriting and …
  The article CAP Names Hammon Senior Vice President of Business Development appeared first on Insurance Journal.
  
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• Cross Insurance scoops up Massachusetts insurer - Bangor Daily News

  24-03-2015 18:51 via bangordailynews.com
  
  Cross Insurance scoops up Massachusetts insurer
  Bangor Daily News
  Cross Insurance has acquired a Boston-area insurer, continuing a streak of recent purchases to expand the company's reach throughout New England. Cross announced the purchase of Wellesley, Massachusetts-based Corcoran & Havlin Insurance Group ...
  
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• Realtors and lenders confused about value of title insurance, says ALTA - Inman.com

  24-03-2015 18:33 via inman.com
  
  Realtors and lenders confused about value of title insurance, says ALTA
  Inman.com
  Realtors and lenders are just as ignorant as the general public about what title insurance is and the value it provides to the homebuying process, according to the American Land Title Association. And with the sweeping changes that the Consumer ...
  
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• Who says insurance is dull? Rap video used to recruit hip young professionals

  24-03-2015 18:25
  Insurers are worried that millennials aren't applying for entry-level jobs because they don’t know about them—or, worse, think the industry’s dull. Cue the hip-hop.
  
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• Worker who fell asleep at the wheel due comp for lost leg

  24-03-2015 18:13
  The Supreme Court of New Hampshire last week overruled a decision by the state’s Compensation Appeals Board to deny benefits to a driver who was injured after he fell asleep behind the wheel of a company truck and struck a utility pole.
  
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• New York’s Schumer Requests Safety Probe of Imported Flooring

  24-03-2015 18:04
  
  U.S. Sen. Charles Schumer (D-New York) is asking the Consumer Product Safety Commission to investigate the safety of Chinese-imported wood laminate flooring from Lumber Liquidators in Toano, Virginia, and initiate recalls if needed. The New York Democrat says federal authorities …
  The article New York’s Schumer Requests Safety Probe of Imported Flooring appeared first on Insurance Journal.
  
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• Texas Windstorm Insurer: Private Carrier Interested in 60K Policies

  24-03-2015 17:55
  
  The Texas Windstorm Insurance Association (TWIA) announced that a carrier participating in its depopulation effort has signaled an interest in around 60,000 policies that currently are on TWIA’s books. TWIA is the property insurer of last resort for wind and hail along …
  The article Texas Windstorm Insurer: Private Carrier Interested in 60K Policies appeared first on Insurance Journal.
  
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• Greenberg fires last shots in AIG fight as trial end nears

  24-03-2015 17:52
  Maurice “Hank” Greenberg’s Starr International and the U.S. filed a second set of post-trial papers in a lawsuit over the terms of the government’s bailout of AIG, setting the stage for next month’s closing arguments.
  
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• Construction Firm Hit with $79.9K Fine for Excavation Hazards in Houston

  24-03-2015 17:49
  
  Federal safety officials have fined SER Construction Partners Ltd. $79,900 for three safety violations at a site in Houston, Texas. SER Construction Partners Ltd. based in Pasadena, Texas, specializes in heavy civil construction and employs about 370 employees. The Occupational …
  The article Construction Firm Hit with $79.9K Fine for Excavation Hazards in Houston appeared first on Insurance Journal.
  
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• The ins and outs of NCAA student athlete insurance - PropertyCasualty360

  24-03-2015 17:45 via propertycasualty360.com
  PropertyCasualty360
  The ins and outs of NCAA student athlete insurance
  PropertyCasualty360
  There are roughly 800 student athletes on the 68 basketball teams competing for the title of the NCAA Men's Division I Basketball Championship. Behind the hard work, long practices and team spirit, there is an entire business aspect that interests ...
  
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• Silver lining? Weather pattern causing drought is also reducing number of tornadoes in U.S. this year

  24-03-2015 17:45
  The same weather pattern that made the West warm and dry and the Northeast cold and snowy has contributed to keeping the rest of the U.S. relatively free of tornadoes so far this year.
  
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• CNA Names Kubursi Senior VP – Financial Institutions, Management Liability

  24-03-2015 17:44
  
  Chicago-based insurance CNA has appointed Ziad Kubursi to senior vice president, Financial Institutions and Management Liability, effective April 6, 2015. Ziad brings more than 18 years of insurance industry experience to this role, most recently serving as senior vice president, head of the Management …
  The article CNA Names Kubursi Senior VP – Financial Institutions, Management Liability appeared first on Insurance Journal.
  
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• Medical Malpractice Claims in Wisconsin Fall to Record Low

  24-03-2015 17:40
  
  Medical malpractice claims hit a record low last year in Wisconsin, according to the Director of State Courts. The number of medical malpractice lawsuits fell to 84 last year from 140 in 2013. There were 294 suits filed in 1999. …
  The article Medical Malpractice Claims in Wisconsin Fall to Record Low appeared first on Insurance Journal.
  
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• Texas Leads the Way in Work Zone Crashes, Fatalities

  24-03-2015 17:38
  
  Texas by far had the most work zone crash fatalities of any state last year and the state’s transportation department is urging drivers to slow down and pay attention. Work zone crash fatalities in Texas rose to 146 last year, …
  The article Texas Leads the Way in Work Zone Crashes, Fatalities appeared first on Insurance Journal.
  
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• Texas Leads the Way for Work Zone Crashes, Fatalities

  24-03-2015 17:38
  
  Texas by far had the most work zone crash fatalities of any state last year and the state’s transportation department is urging drivers to slow down and pay attention. Work zone crash fatalities in Texas rose to 146 last year, …
  The article Texas Leads the Way for Work Zone Crashes, Fatalities appeared first on Insurance Journal.
  
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• NAIC Report: New Jersey Tops Nation in Auto Insurance Rates

  24-03-2015 17:29
  
  An annual industry report shows New Jersey has the costliest auto insurance rates in the nation. The National Association of Insurance Commissioners says New Jersey motorists paid an average of $1,220 in 2012. That’s about 49 percent more than the …
  The article NAIC Report: New Jersey Tops Nation in Auto Insurance Rates appeared first on Insurance Journal.
  
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• House Bill Targets Systemic Risk Panel Transparency

  24-03-2015 17:28
  
  A Republican congressman and a Democratic colleague on Tuesday introduced a bill to shed more light on the workings of the Financial Stability Oversight Council, which watches for emerging threats to market stability. The draft bill by Florida Republican Dennis …
  The article House Bill Targets Systemic Risk Panel Transparency appeared first on Insurance Journal.
  
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• How Newlyweds Should Hitch Their Car Insurance Quotes - NerdWallet (blog)

  24-03-2015 17:27 via nerdwallet.com
  
  NerdWallet (blog)
  How Newlyweds Should Hitch Their Car Insurance Quotes
  NerdWallet (blog)
  After returning from the honeymoon, one of the real-world ways you can start building your lives together is by combining policies. You each may think your insurer is the one to go with. Here are some things to consider when deciding.
  Online Auto Insurance Quotes Help Clients Find Low Cost Coverage!Insurance News Net
  
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• The ins and outs of NCAA student athlete insurance

  24-03-2015 17:27
  Mandatory insurance still leaves gaps for student athletes injured on the field or court.
  
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• CNA Launches Quote Advantage for Small Business Segment

  24-03-2015 17:23
  
  CNA has launched Quote Advantage to give agents access to a quicker way of quoting CNA Connect, the company’s flagship business owners’ policy. The new quoting experience is available for nearly 200 focus classes of business via one input screen. Quote …
  The article CNA Launches Quote Advantage for Small Business Segment appeared first on Insurance Journal.
  
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• UK-Marsh Cyber Risk Management - Insurance Journal

  24-03-2015 17:23 via insurancejournal.com
  
  PropertyCasualty360
  UK-Marsh Cyber Risk Management
  Insurance Journal
  Last year 81 percent of large UK businesses and 60 percent of small companies suffered a cyber security breach. In response to this increasing threat, a report published by the UK government and Marsh, one of the UK's leading insurance brokers and risk ...
  Cyber insurance: It's not just for data breaches anymorePropertyCasualty360
  UK lack of cyber-insurance exposedBBC News
  Congress finally takes up cyber insurance
  
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• David Copperfield’s pool water does 20-floor vanishing act

  24-03-2015 16:46
  
  David Copperfield’s neighbors probably wish his disappearing swimming pool was just an illusion.
  
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• Georgia Tour Guides Move Forward with Free Speech Suit Against Savannah

  24-03-2015 16:43
  
  Months after a federal lawsuit prompted Savannah to revise a local law regulating guided tours, Dan Leger remains determined to press ahead with the case in court. “Until they quit licensing my free speech, I won’t be satisfied,” said Leger, …
  The article Georgia Tour Guides Move Forward with Free Speech Suit Against Savannah appeared first on Insurance Journal.
  
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• Number of Doctors Licensed in Wyoming Could Rise Under New Law

  24-03-2015 16:26
  
  A new law could increase the number of doctors licensed to practice in Wyoming. The Wyoming Tribune Eagle reported Wyoming became the first state to join the Interstate Medical Licensure Compact, which seeks to create a fast-track process for physicians …
  The article Number of Doctors Licensed in Wyoming Could Rise Under New Law appeared first on Insurance Journal.
  
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• 7 Arrested in Georgia for Insurance Fraud in Staged Car Crash

  24-03-2015 16:25
  
  Insurance Commissioner Ralph Hudgens says seven central Georgia residents accused of staging a car crash have been charged with insurance fraud. Hudgens said in a statement that the crash on Sept. 5, 2013 involved a 1998 BMW and a rented …
  The article 7 Arrested in Georgia for Insurance Fraud in Staged Car Crash appeared first on Insurance Journal.
  
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• Lawsuit Over Oregon Crab Fisherman’s Death Settled

  24-03-2015 16:24
  
  A lawsuit filed in the death of a man who drowned when a fishing vessel sank nearly three years ago has been settled. The Oregonian newspaper reported the estate of David Terris sued the owner of the commercial fishing boat …
  The article Lawsuit Over Oregon Crab Fisherman’s Death Settled appeared first on Insurance Journal.
  
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• Officers in California Awarded $4M For Post-Shooting Discrimination

  24-03-2015 16:22
  
  A jury has awarded a total of $4 million to two Los Angeles, Calif. police officers who sued the department alleging discrimination and retaliation after the shooting of an unarmed autistic man five years ago. The jury awarded $1.9 million …
  The article Officers in California Awarded $4M For Post-Shooting Discrimination appeared first on Insurance Journal.
  
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• Two California Insurers Agree to Change Use of Death Master File

  24-03-2015 16:19
  
  California Insurance Commissioner Dave Jones announced multi-million dollar settlement agreements with Guardian Life and Pacific Life related to their use of the Social Security Administration’s Death Master File database. Both insurers agreed to reform their business practices and use the …
  The article Two California Insurers Agree to Change Use of Death Master File appeared first on Insurance Journal.
  
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• 5 pay-as-you-drive car insurance myths

  24-03-2015 16:05
  Although pay-as-you-drive auto insurance policies are spreading, misconceptions abound. Here are five of the most common ones.
  
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• Renters Need Insurance Too - Huffington Post

  24-03-2015 16:01 via huffingtonpost.com
  
  Huffington Post
  Renters Need Insurance Too
  Huffington Post
  Owning your own home used to be the American dream. But today, the aftermath of the mortgage crisis, the burden of student loans, and a mobile workforce have combined to encourage more Gen-Yers and Millennials to rent instead of buy. No matter what ...
  GEICO offers 5 good reasons why you should have renters insuranceInsurance News Net
  
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• Closing Arguments in Greenberg’s Suit Against Bailout Set for April 22

  24-03-2015 15:57
  
  Maurice “Hank” Greenberg’s Starr International Co. and the U.S. filed a second set of post-trial papers in a lawsuit over the terms of the government’s bailout of American International Group Inc., setting the stage for next month’s closing arguments. Starr’s …
  The article Closing Arguments in Greenberg’s Suit Against Bailout Set for April 22 appeared first on Insurance Journal.
  
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• Health care reform credited with $7.4 billion drop in uncompensated care

  24-03-2015 15:55
  
  Hospitals’ uncompensated-care costs in Medicaid expansion states were reduced by $5 billion in 2014, according to a Health and Human Services report published Monday, the fifth anniversary of President Obama’s signature health care law.
  
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• Republicans eye budget maneuver to pass GOP subsidies fix

  24-03-2015 15:54
  
  House Ways and Means Chair Paul Ryan, R-Wis., says Republicans need to have a plan in place by June 20 to respond if the U.S. Supreme Court strikes down subsidies in up to 37 states.
  
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• Amazon's video game streaming site reports suspected hack

  24-03-2015 15:46
  Twitch Interactive says the suspected hack may have compromised users' credit card and other personal information.
  
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• Progressive to charge risky Snapshot drivers more in new plan

  24-03-2015 15:31
  Progressive said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor driving habits.
  
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• Insurance regulators in Washington, Alaska lead probe into Premera hack

  24-03-2015 15:24
  Insurance regulators in states including Washington and Alaska are launching an investigation into the cyberattack on health insurer Premera Blue Cross.
  
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