Insurance news

• Lufthansa flight school knew of crash pilot's depression

  31-03-2015 23:47
  
  (Reuters) — The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school in 2009 that he had gone through a period of severe depression, the airline said on Tuesday.
  
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• North Dakota's new oil train safety checks seen missing risks

  31-03-2015 23:24
  
  (Reuters) — New regulations to cap vapor pressure of North Dakota crude fail to account for how it behaves in transit, according to industry experts, raising doubts about whether the state’s much-anticipated rules will make oil train...
  
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• Lead insurer for Air Canada crash identified

  31-03-2015 21:58
  
  Global Aerospace Underwriting Managers Ltd. is the lead insurer for Air Canada, whose plane was severely damaged early Sunday when it landed in bad weather short of the runway at Halifax Stanfield International Airport, the underwriter confirmed Tuesday.
  
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• Lead insurer Air Canada crash identified

  31-03-2015 21:58
  
  Global Aerospace Underwriting Managers Ltd. is the lead insurer for Air Canada, whose plane was severely damaged early Sunday when it landed in bad weather short of the runway at Halifax Stanfield International Airport, the underwriter confirmed Tuesday.
  
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• NAIC Adopts Ridesharing White Paper for State Policymakers

  31-03-2015 21:42
  
  The National Association of Insurance Commissioners on Tuesday adopted a white paper on insurance coverage for ridesharing that offers several suggestions for how state regulators should deal with insurance issues. Ridesharing services offered by transportation network companies like Uber, Sidecar …
  The article NAIC Adopts Ridesharing White Paper for State Policymakers appeared first on Insurance Journal.
  
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• NAIC Adopts Ridesharing White Paper

  31-03-2015 21:42
  
  The National Association of Insurance Commissioners announced on Tuesday it adopted a white paper on insurance coverage for ridesharing that offers several suggestions for how state regulators should deal with insurance issues. Ridesharing services offered by transportation network companies like …
  The article NAIC Adopts Ridesharing White Paper appeared first on Insurance Journal.
  
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• Reports Advise How to Make Flood Insurance Affordable

  31-03-2015 21:28
  
  A new report suggests the federal flood insurance program may want to target mitigation grants to households with high premiums, urge homeowners to select higher deductibles, expand the educational role of insurance agents, and provide mitigation loans to help make flood …
  The article Reports Advise How to Make Flood Insurance Affordable appeared first on Insurance Journal.
  
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• Uber and Auto Insurance: Regulators Weigh In - Wall Street Journal (blog)

  31-03-2015 20:55 via blogs.wsj.com
  
  Wall Street Journal (blog)
  Uber and Auto Insurance: Regulators Weigh In
  Wall Street Journal (blog)
  State regulators are shining a spotlight on the potential insurance gaps associated with ride-sharing operations such as Uber and Lyft—even as some insurers are rolling out new policies intended to fill the gaps. On Tuesday, the National Association ...and more »
  
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• Supreme Court hesitant to extend Spider-Man toy royalties

  31-03-2015 20:55
  
  (Reuters) — A Spider-Man toy that shoots out webs of foam was at the center of a U.S.
  
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• Hurricane-strength winds pummel Europe, three killed in Germany

  31-03-2015 20:32
  
  (Reuters) — At least three people in Germany were killed Tuesday when hurricane-force winds lashed across northern Europe in one of the most severe storms in years that also canceled flights, disrupted road and train traffic, and hit port...
  
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• Hurricane-strength winds pummel Europe, four killed

  31-03-2015 20:32
  
  (Reuters) — At least four people were killed on Tuesday when hurricane-force winds lashed northern Europe in one of the most severe storms in years, forcing flights to be cancelled and disrupting road, train and marine traffic.
  
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• Speedway clerk gets only medical costs for back bruised in attack

  31-03-2015 20:00
  A Speedway L.L.C. sales clerk who suffered a compensable back bruise when she was assaulted on the job is not entitled to vocational rehabilitation services or a functional capacity evaluation, West Virginia’s Supreme Court of Appeals has ruled.
  
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• California and Florida issue statements on deceptive travel insurance opt-out practices

  31-03-2015 19:54
  The insurance regulators for two major U.S. vacation rental markets -- California and Florida -- have issued statements against using opt-out sales practices to sell travel insurance.
  
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• Politics, conflict undermine supply chains

  31-03-2015 19:01
  
  Ukraine and Thailand pose substantial supply chain exposures, while Taiwan has improved its supply chain resiliency, according to FM Global’s 2015 Global Resiliency Index, released Tuesday.
  
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• Audit: Maryland Misallocated $28.4M for Health Exchange

  31-03-2015 18:59
  
  Maryland misallocated $28.4 million in federal money for its flawed health care exchange and should pay the money back, according to a federal audit released on March 27. The audit marked the first time the inspector general of the Department …
  The article Audit: Maryland Misallocated $28.4M for Health Exchange appeared first on Insurance Journal.
  
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• Agencies not quite grasping what customers want in an insurance experience

  31-03-2015 18:52
  Applied Systems and Market Insights Group report defines what steps make up a well-rounded customer experience, and details what technology agencies must have within the next four years.
  
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• Crystal & Company, AIG Launch Conceptual Art Insurance Product for Private Clients

  31-03-2015 18:51
  
  Crystal & Company, a strategic risk and insurance advisor, has partnered with AIG Private Client Group, a division of AIG, to create a new insurance product for private clients with conceptual art collections. Conceptual art is focused more on the …
  The article Crystal & Company, AIG Launch Conceptual Art Insurance Product for Private Clients appeared first on Insurance Journal.
  
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• Crystal, AIG Offer Conceptual Art Insurance for Private Clients

  31-03-2015 18:51
  
  Crystal & Co., a strategic risk and insurance advisor, has partnered with AIG Private Client Group, a division of AIG, to create a new insurance product for private clients with conceptual art collections. Conceptual art is focused more on the …
  The article Crystal, AIG Offer Conceptual Art Insurance for Private Clients appeared first on Insurance Journal.
  
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• Risk Management Association names new CFO

  31-03-2015 18:34
  
  The Risk Management Association on Tuesday said it has named Heidi K. Turley as chief financial officer.
  
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• Jewelry Expert Testifies in $20M Insurance Fraud-Fires Case - ABC News

  31-03-2015 18:33 via abcnews.go.com
  
  ABC News
  Jewelry Expert Testifies in $20M Insurance Fraud-Fires Case
  ABC News
  A local GOP fundraiser charged in a $20 million insurance scheme after three mansion fires in five years cursed and discussed the Mafia while meeting with a jewelry appraiser about her claims, the appraiser testified Tuesday. Claire Risoldi's "salty ...and more »
  
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• Experts: California Sex Bias Case Will Embolden Women Despite Verdict

  31-03-2015 18:33
  
  Observers say a long legal battle over accusations that a prominent Silicon Valley venture capital firm demeaned women and held them to a different standard than their male colleagues will embolden women in the industry and lead firms to examine …
  The article Experts: California Sex Bias Case Will Embolden Women Despite Verdict appeared first on Insurance Journal.
  
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• NFP Acquires Arizona-Based WIS

  31-03-2015 18:26
  
  NFP has acquired Weber’s Insurance Service Inc. and Weber’s Assurance Group LLC in Arizona. The transaction was effective Feb. 18, but terms of the deal were not released. Weber’s Insurance and Weber’s Assurance, known collectively as WIS, is based in …
  The article NFP Acquires Arizona-Based WIS appeared first on Insurance Journal.
  
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• California Applicants Attorneys Want Action Based on Workers’ Comp Report

  31-03-2015 18:22
  
  The California Applicants’ Attorneys Association on Tuesday called for action from Gov. Jerry Brown on reported  delays and denials in the treatment of injured workers. CAAA’s call to action is in response to a series of articles by National Public Radio reporting …
  The article California Applicants Attorneys Want Action Based on Workers’ Comp Report appeared first on Insurance Journal.
  
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• Speed Camera Tickets Bring Nearly $17M in Revenue for NYC

  31-03-2015 18:15
  
  Speed cameras have produced a surge in tickets and generated nearly $17 million in revenue for New York City. The Daily News reports that last year more than 445,000 speed-camera tickets were issued. That’s compared to nearly 118,000 issued manually …
  The article Speed Camera Tickets Bring Nearly $17M in Revenue for NYC appeared first on Insurance Journal.
  
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• Ex-AG Says Arkansas Religious Protection Bill Would Allow Discrimination

  31-03-2015 17:59
  
  Several dozens of people, including former Attorney General Dustin McDaniel, gathered in Little Rock to show their distaste for a proposed law that critics say would sanction discrimination against gays and lesbians. They oppose the bill prohibiting state and local …
  The article Ex-AG Says Arkansas Religious Protection Bill Would Allow Discrimination appeared first on Insurance Journal.
  
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• Jones Made a Name in Surety as a Common Sense Underwriter

  31-03-2015 17:57
  
  Louis E. Jones had a reputation in the insurance industry as a common sense underwriter, and there were few contractors and home builders that he did not touch over the years, his friends say. Jones was born Nov. 9, 1931. …
  The article Jones Made a Name in Surety as a Common Sense Underwriter appeared first on Insurance Journal.
  
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• New spy software in 10 countries came from Lebanon

  31-03-2015 17:52
  
  (Reuters) — A security company has discovered a computer spying campaign that it said "likely" originated with a government agency or political group in Lebanon, underscoring how far the capability for sophisticated computer espionage is spreading...
  
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• Endurance to take over Montpelier Re for about $1.83B

  31-03-2015 17:52
  Endurance Specialty Holdings agreed to buy Montpelier Re for about $1.83 billion in cash and stock months after abandoning a hostile bid for another Bermuda-based insurance company.
  
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• Ratings of Texas-Based National Lloyds, American Summit Affirmed

  31-03-2015 17:39
  
  A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a” of Texas-based National Lloyds Insurance Co. (National Lloyds), and its affiliate, American Summit Insurance Co. (American Summit). The outlook for National Lloyds’ ratings …
  The article Ratings of Texas-Based National Lloyds, American Summit Affirmed appeared first on Insurance Journal.
  
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• Protector Holdings Acquires Oasis South in California

  31-03-2015 17:37
  
  Protector Holdings, a joint venture of Edgewood Partners Insurance Center and Dowling Capital Partners, has acquired Oasis South Insurance Services in California. With eight locations across California’s San Diego County, Oasis South specializes in providing insurance services to Hispanic consumers, writing auto, …
  The article Protector Holdings Acquires Oasis South in California appeared first on Insurance Journal.
  
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• Missouri Police: At Least 20 Trucks Stolen as Part of Theft Ring

  31-03-2015 17:36
  
  Authorities in eastern Missouri are trying to determine just how many trucks were stolen in a theft ring that struck several Missouri towns along Interstate 44. The Washington Missourian reports that police now believe at least 20 trucks were taken, …
  The article Missouri Police: At Least 20 Trucks Stolen as Part of Theft Ring appeared first on Insurance Journal.
  
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• Auto-Theft Task Forces Closing Amid Illinois Budget Crisis

  31-03-2015 17:35
  
  Officials with police-run auto-theft task forces say they are shutting down across Illinois due to state spending freezes. Separately, the (Peoria) Journal Star also reports that a bipartisan deal reached in the state Legislature last week will siphon $6 million …
  The article Auto-Theft Task Forces Closing Amid Illinois Budget Crisis appeared first on Insurance Journal.
  
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• Electronics Enable Michigan Police to Check Vehicle Insurance Quickly

  31-03-2015 17:32
  
  Police in Michigan are using an easy way to check whether a motor vehicle is properly insured. Starting last year, police got access to information on whether a vehicle is insured by running a license plate number through an in-car …
  The article Electronics Enable Michigan Police to Check Vehicle Insurance Quickly appeared first on Insurance Journal.
  
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• AIG to sell $500 million in shares of Chinese insurer

  31-03-2015 17:07
  American International Group Inc. plans to sell 256 million shares of China’s PICC Property & Casualty Co. Ltd. for about $500 million.
  
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• Ground-shaking facts about U.S. earthquakes

  31-03-2015 16:45
  Think U.S. earthquakes only happen in California?
  
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• Will employer-sponsored health insurance fade away? - Brookings Institution

  31-03-2015 16:39 via brookings.edu
  
  Brookings Institution
  Will employer-sponsored health insurance fade away?
  Brookings Institution
  When I emigrated to the United States in 1975 from the UK, I was shocked to discover that my health insurance would be chosen and controlled by my employer. No other major country organizes health coverage in this way. I soon discovered why the United ...and more »
  
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• Cutting out the middleman: Some doctors opting out of insurance, moving toward ... - Chattanooga Times Free Press

  31-03-2015 16:38 via timesfreepress.com
  
  Chattanooga Times Free Press
  Cutting out the middleman: Some doctors opting out of insurance, moving toward ...
  Chattanooga Times Free Press
  Assisted by LPN Grace Peters, who has worked with him for 14 years, Dr. David C. Redd removes a skin tag from patient Todd Shirley on Monday at QuikSurg on North Market Street. Photo by John Rawlston/Times Free Press. Tucked behind the new North ...
  
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• 5 cases of arson gone bad

  31-03-2015 16:35
  Insureds think burning down their home and collecting the insurance will solve all of their problems. Frequently it’s just the beginning of even more trouble.
  
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• Family Faces Hearing in Burning Mansion-Insurance Fraud Case - ABC News

  31-03-2015 16:22 via abcnews.go.com
  
  ABC News
  Family Faces Hearing in Burning Mansion-Insurance Fraud Case
  ABC News
  A Pennsylvania family whose mansion burned three times in five years heads to court for a hearing to determine if they'll face trial in a $20 million insurance fraud case. The state attorney general's office has accused political fundraiser and hostess ...
  Risoldi family in Bucks court to face insurance fraud chargesWFMZ Allentown
  Pa. family accused in $20M insurance fraud heads to court - WTRF 7 News ...WTRF
  
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• Supreme Court to hear case on insurer reimbursements

  31-03-2015 16:21
  
  The Supreme Court announced Monday it would hear the case of Montanile v. Board of Trustees of the National Elevator Industry Health Benefit Plan.
  
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• Obamacare Could Be in Trouble if It Drives Businesses From Insurance Market - GovExec.com

  31-03-2015 16:18 via govexec.com
  
  GovExec.com
  Obamacare Could Be in Trouble if It Drives Businesses From Insurance Market
  GovExec.com
  Next year, Obamacare insurance rules will start to apply to a new pool of small businesses, and experts say that could lead many of them to take a look at insuring themselves—that is, stepping outside of the health care law's market and supplying ...
  ACA Has Pushed Insurance Premiums to New HeightsWall Street Journal (blog)all 54 news articles »
  
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• Bulgaria plans gradual rise in retirement age, pension payments

  31-03-2015 16:13
  
  (Reuters) — Bulgaria will gradually raise its retirement age and social payment contributions, the government said on Tuesday, as the European Union's poorest country struggles to fund pensions for a shrinking and aging population.
  
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• Top 10, Bottom 10 Housing Markets in U.S.: Nationwide

  31-03-2015 15:56
  
  The U.S. housing market is at its healthiest level since 2001, according to a new index from economists at insurer Nationwide who evaluated the housing market nationally and for 373 metropolitan areas. Housing markets in the vast majority of metropolitan statistical …
  The article Top 10, Bottom 10 Housing Markets in U.S.: Nationwide appeared first on Insurance Journal.
  
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• Endurance to buy reinsurer Montpelier to add Lloyd's platform

  31-03-2015 15:38
  
  (Reuters) — Property/casualty insurer Endurance Specialty Holdings Ltd. will buy reinsurer Montpelier Re Holdings Ltd. for about $1.83 billion to expand into the Lloyd's of London underwriting business.
  
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• China to Begin Deposit Insurance in May - Wall Street Journal

  31-03-2015 15:24 via wsj.com
  
  Wall Street Journal
  China to Begin Deposit Insurance in May
  Wall Street Journal
  BEIJING—By moving to insure bank deposits at home, China's leadership has its eyes abroad. China on Tuesday detailed a plan to launch a bank deposit-insurance system in May, a long-awaited move that is aimed at better disciplining its lenders and ...
  China announces plans for deposit insurance in bank reformseattlepi.com
  China to bring in bank deposit insurance, step towards liberalisationReutersall 61 news ar
  
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• How Will You Live if You Can't Work? Disability Insurance 101 - Money Talks News (blog)

  31-03-2015 15:18 via moneytalksnews.com
  
  How Will You Live if You Can't Work? Disability Insurance 101
  Money Talks News (blog)
  What are the chances you'll become disabled? Pretty slim, you're probably guessing. However, the average 20-year-old worker has a greater than one-in-four chance of being disabled by sickness or an injury before age 67, the Social Security ...and more »
  
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• New Law to Protect Domestic Workers to Take Effect in Massachusetts

  31-03-2015 15:16
  
  A new law set to take effect this week aims to increase protections for domestic workers in Massachusetts. The law requires people who hire nannies, caregivers and other domestic workers in Massachusetts to adhere to established labor standards and other …
  The article New Law to Protect Domestic Workers to Take Effect in Massachusetts appeared first on Insurance Journal.
  
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• BNC Insurance Agency Acquires Milbrandt & Co. in New York

  31-03-2015 15:15
  
  BNC Insurance Agency Inc., an independent agency based in Rye Brook, New York, announced that it has acquired Milbrandt & Co. Inc., an independent agency based in New Rochelle, New York, with a satellite office in Hudson, New York. Terms …
  The article BNC Insurance Agency Acquires Milbrandt & Co. in New York appeared first on Insurance Journal.
  
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• Driving without insurance in Michigan? Police can now tell by running your plates

  31-03-2015 15:15
  Police throughout Michigan can now determine if a motor vehicle is properly insured simply by running its license plate.
  
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• How brittle is your supply chain? FM Global Resilience Index has the answer

  31-03-2015 15:01
  Where in the world is your supply chain least vulnerable?
  
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