Insurance news

• How Umbrella Insurance Works - Investopedia

  01-04-2015 23:48
  
  Investopedia
  How Umbrella Insurance Works
  Investopedia
  Umbrella insurance is a type of personal liability insurance. Also called “excess liability insurance,” it's indispensable when you find yourself liable for a claim larger than your homeowners or auto insurance liability will cover. If you own a boat ...
  How Much Life Insurance Do You Really Need?The Cheat Sheetall 2 news articles »
  
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• Axis Capital health unit acquires voluntary benefits provider

  01-04-2015 23:41
  
  Axis Capital Holdings Ltd. on Wednesday said its Axis Accident & Health unit has acquired Phoenix-based voluntary benefits provider Ternian Insurance Group L.L.C.
  
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• Leader of insurance fraud ring sentenced - 9NEWS.com

  01-04-2015 23:35
  
  9NEWS.com
  Leader of insurance fraud ring sentenced
  9NEWS.com
  Mike Tee, 41, will spend 18 years in the Department of Corrections for masterminding a criminal ring that stole insurance money by staging automobile accidents. He was indicted on 31 felony counts in April 2013. (Photo: Courtesy). 1 CONNECT 2 ...
  
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• Oscar is a New York-based health startup that's less than 2 years old, and it ... - Business Insider

  01-04-2015 23:13
  
  Business Insider
  Oscar is a New York-based health startup that's less than 2 years old, and it ...
  Business Insider
  I'm a financial adviser, and I think the way some of my peers charge for... Politics · Military & Defense · Law & Order · Indiana pizza joint that vowed to never deliver pizza to a gay wedding... President Obama sent this letter to a drug convict · A ...and more »
  
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• Yellen to allow public comments on insurance regs - The Hill

  01-04-2015 23:04
  
  The Hill
  Yellen to allow public comments on insurance regs
  The Hill
  Federal Reserve Chairwoman Janet Yellen says she'll allow for a public comment period before implementing new regulations for insurance companies. Fed officials are considering applying new regulations to insurance companies that would require the ...
  
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• XS Brokers Hires Walker as Marketing Rep in Connecticut Office

  01-04-2015 23:00
  
  XS Brokers, a wholesale agency based in Quincy, Massachusetts, has hired Joyce Walker as marketing representative. Walker will have responsibility for business and relationship development with independent agents in Connecticut, as well as Rhode Island and Western Massachusetts. She is …
  The article XS Brokers Hires Walker as Marketing Rep in Connecticut Office appeared first on Insurance Journal.
  
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• Injured worker who tested positive for marijuana eligible for comp

  01-04-2015 22:20
  
  A worker who tested positive for marijuana following a workplace accident is still entitled to workers compensation benefits, an Ohio appeals court has ruled.
  
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• AIG may sell $4 billion stake in aircraft leasing firm

  01-04-2015 21:43
  
  AIG may sell its holding in Dutch aircraft leasing company AerCap Holdings N.V., which could raise up to about $4 billion for the insurer, according to a Securities and Exchange Commission filing by Schipol, Netherlands-based AerCap.
  
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• California Workers’ Comp Committee Votes for Lower Mid-Year Filing

  01-04-2015 21:43
  
  The California Workers’ Compensation Rating Bureau Governing Committee voted on Wednesday to authorize the WCIRB to submit a mid-year pure premium rate filing to the California Department of Insurance that’s 5 percent lower than the Jan. 1 filing. The committee …
  The article California Workers’ Comp Committee Votes for Lower Mid-Year Filing appeared first on Insurance Journal.
  
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• Doral Financial Seeks Sale of Insurance Unit - Wall Street Journal

  01-04-2015 21:43
  
  Doral Financial Seeks Sale of Insurance Unit
  Wall Street Journal
  Doral Financial Corp. wants court permission to sell its insurance arm to Anglo-Puerto Rican Insurance Corp. for $10.75 million, subject to higher bids at an auction. In a Tuesday filing with U.S. Bankruptcy Court in Manhattan, Doral said that without ...and more »
  
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• Taxi Group’s New Lawsuit Targets New York’s Uber Policy

  01-04-2015 21:39
  
  A group of taxi companies sued New York claiming the city is wrongfully allowing Uber Technologies Inc. customers to hail rides with an app. Current law permits only yellow taxis with valid medallions to accept hails, regardless of whether they’re …
  The article Taxi Group’s New Lawsuit Targets New York’s Uber Policy appeared first on Insurance Journal.
  
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• Virginia-Based Brokerage Rutherfoord’s Chairman Announces Retirement

  01-04-2015 21:33
  
  Thomas D. Rutherfoord, Jr., chairman of insurance brokerage Rutherfoord, a Marsh & McLennan Agency LLC company, announced his retirement after more than 40 years of leadership and service at the Richmond, Virginia-based firm. Rutherfoord joined the family business as the …
  The article Virginia-Based Brokerage Rutherfoord’s Chairman Announces Retirement appeared first on Insurance Journal.
  
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• ACE Group completes acquisition of Fireman's Fund high net worth personal lines business

  01-04-2015 21:16
  The move is ACE Group's latest expansion of its product line to reach new potential customers.
  
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• 3 vital facts about flood insurance cost hike - Asbury Park Press

  01-04-2015 20:48
  
  Asbury Park Press
  3 vital facts about flood insurance cost hike
  Asbury Park Press
  The next storm heading for the Jersey Shore will begin to hit coastal homeowners today. This time it won't come with rain and wind, but with new surcharges and rate increases that will appear on flood insurance bills. The Homeowner Flood Insurance ...
  No Joke. Flood Insurance Rates Increase On April 1NPR
  No fooling: Flood-insurance rates going upSunHerald.com
  What Agents Should Know About Flood Insurance
  
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• Clark County woman pleads guilty to unemployment insurance fraud - Newsandtribune

  01-04-2015 20:47
  Clark County woman pleads guilty to unemployment insurance fraud
  Newsandtribune
  INDIANAPOLIS — Clarksville resident Rose M. Hillis, 54, pleaded guilty March 6 in Marion County Criminal Court No. 1 to unemployment insurance fraud, a Class C Felony, according to a release from the Indiana Department of Workforce Development.
  
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• Mexico oil platform fire kills four, 300 evacuated

  01-04-2015 20:41
  
  (Reuters) — Mexican state-run oil company Pemex said at least four people died after a fire broke out on a production platform in the Gulf of Mexico early on Wednesday, sparking the evacuation of around 300 workers.
  
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• Insurance Costs Increasing for Distracted Drivers - The Charlottesville Newsplex

  01-04-2015 19:51
  
  The Charlottesville Newsplex
  Insurance Costs Increasing for Distracted Drivers
  The Charlottesville Newsplex
  Taking your eyes off the road when driving, even for a moment, can result in injury, property damage, and even death. It can also put a dent in your auto insurance if you get a ticket or cause an accident. April is Distracted Driving Awareness Month ...
  Erie Insurance Survey: Drivers Engaging in Dangerous Behaviors Behind the ...Insurance News Netall 171 news articles »
  
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• Allianz Completes Sale of Fireman’s Fund Personal Lines to ACE

  01-04-2015 19:33
  
  Allianz Global Corporate & Specialty (AGCS) said it has completed the sale of the U.S. personal lines business of Fireman’s Fund Insurance Co. (FFIC) to ACE Ltd. The sale, which closed on schedule as previously announced, is valued at $365 …
  The article Allianz Completes Sale of Fireman’s Fund Personal Lines to ACE appeared first on Insurance Journal.
  
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• Rutherfoord brokerage chairman retires

  01-04-2015 19:24
  
  Richmond, Virginia-based brokerage Rutherfoord, a subsidiary of Marsh & McLennan Agency L.L.C., on Tuesday announced its chairman, Thomas D. Rutherfoord Jr., has retired.
  
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• Tokio Millennium Re names new CEO

  01-04-2015 19:12
  
  Stephan Ruoff will lead Tokio Millennium Re A.G. as CEO, the reinsurance unit of Tokio Marine & Nichido Fire Insurance Co. Ltd. announced Wednesday.
  
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• European reinsurers face market pressures after strong 2014

  01-04-2015 19:05
  
  Despite strong financial performance in 2014, European reinsurers face challenges going forward, A.M. Best Co. Inc. said in a new report Wednesday.
  
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• Delaware Regulators Recovered $2.1M for Policyholders in 2014

  01-04-2015 18:59
  
  The Delaware Department of Insurance (DOI) announced it recovered more than $2.1 million for policyholders in 2014, and helped business owners save nearly $9.3 million in workers’ compensation insurance costs. The DOI also collected over $94.6 million dollars through fees, …
  The article Delaware Regulators Recovered $2.1M for Policyholders in 2014 appeared first on Insurance Journal.
  
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• Iowa’s Farmers Mutual Hail, John Deere Insurance Close Acquisition

  01-04-2015 18:57
  
  Farmers Mutual Hail Insurance Company of Iowa (FMH) announced its acquisition of Illinois-based John Deere Insurance Company and John Deere Risk Protection Inc. is complete Headquartered in West Des Moines, Iowa, FMH has served America’s farmers since 1893 with a combination of …
  The article Iowa’s Farmers Mutual Hail, John Deere Insurance Close Acquisition appeared first on Insurance Journal.
  
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• NYC Blast Probe Highlights Problem of Stealing Gas

  01-04-2015 18:46
  
  It was a run-of-the-mill complaint — a smell of gas — with a troubling explanation: Someone had improperly tapped into a Manhattan building’s gas line, and it was leaking. The issue was quickly resolved. But seven months later, authorities suspect …
  The article NYC Blast Probe Highlights Problem of Stealing Gas appeared first on Insurance Journal.
  
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• A.M. Best Revises Outlook for Southern Mutual Church Insurance Co.

  01-04-2015 18:45
  
  A.M. Best has revised the outlook to stable from negative for the financial strength rating (FSR) and the issuer credit rating (ICR) of Southern Mutual Church Insurance Co. (SMCIC) of Columbia, S.C., while affirming the FSR of A- (Excellent) and …
  The article A.M. Best Revises Outlook for Southern Mutual Church Insurance Co. appeared first on Insurance Journal.
  
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• Pennsylvania Program Focuses on Firefighters’ Health

  01-04-2015 18:39
  
  The heart-attack death of a Somerset, Pennsylvania, volunteer firefighter in February served as a grim reminder of the hidden hazards of an already dangerous job. Forty-eight-year-old Edward Roddy collapsed while fighting the South Park Avenue blaze on Nov. 5 in Somerset. He …
  The article Pennsylvania Program Focuses on Firefighters’ Health appeared first on Insurance Journal.
  
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• World's 10 Largest Captive Domiciles

  01-04-2015 18:36
  
  The number of captives continues to grow, rising 7.1% in 2014 to a record 6,876. While captives now operate in more than five dozen countries and U.S. states, well over 60% of captives are based in the world' s 10 largest domiciles.
  
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• Number of Deaths From Oklahoma Tornadoes, Storms Rises to 4

  01-04-2015 18:32
  
  The death toll from tornadoes and strong storms last week in Oklahoma has risen to four people. The Office of the Chief Medical Examiner had earlier said that one person died when the severe weather struck a mobile home park …
  The article Number of Deaths From Oklahoma Tornadoes, Storms Rises to 4 appeared first on Insurance Journal.
  
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• ‘Religious Freedom’ Legislative Battleground Shifts to Arkansas

  01-04-2015 18:30
  
  Arkansas is the latest battleground over “religious freedom” laws that are coming under criticism from businesses and advocates who call them a license to discriminate against gays and lesbians. The southern state is poised to become the second this year …
  The article ‘Religious Freedom’ Legislative Battleground Shifts to Arkansas appeared first on Insurance Journal.
  
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• ‘Religious Freedom’ / Discrimination Battleground Shifts to Arkansas

  01-04-2015 18:30
  
  Arkansas is the latest battleground over “religious freedom” laws that are coming under criticism from businesses and advocates who call them a license to discriminate against gays and lesbians. The southern state is poised to become the second this year …
  The article ‘Religious Freedom’ / Discrimination Battleground Shifts to Arkansas appeared first on Insurance Journal.
  
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• Iowa Urged to Toughen Rules on Teen Driving

  01-04-2015 18:29
  
  A safety research organization is urging Iowa to toughen its rules for teenager driver’s licenses. The Des Moines Register reports that a study by the Insurance Institute for Highway Safety says Iowa could cut its rate of fatal teen accidents …
  The article Iowa Urged to Toughen Rules on Teen Driving appeared first on Insurance Journal.
  
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• Insurance Agent One of 4 Democrats Vying for Vacant Texas House Seat

  01-04-2015 18:27
  
  Voters in western San Antonio are choosing a successor for state Rep. Jose Menendez, who left office in February to become a Texas senator. Four Democratic candidates squaring off are former San Antonio City Council member Delicia Herrera, ex-Bexar County …
  The article Insurance Agent One of 4 Democrats Vying for Vacant Texas House Seat appeared first on Insurance Journal.
  
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• Bosch program utilizes wellness ambassadors, spouses

  01-04-2015 18:25
  
  As workplace wellness programs become more tailored to employee demographics and health conditions, employers’ strategies in communicating the benefits of those programs must be similarly nuanced, experts say.
  
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• Reinsurers, insurance-linked securities not immune from market challenges

  01-04-2015 18:25
  
  April reinsurance renewals showed continued downward pricing pressure and laid bare the similar challenges now being faced by the insurance-linked securities sector, Willis Group Holdings P.L.C. said in a statement Wednesday.
  
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• Westfield Insurance Taps Neate to Lead National Underwriting Office

  01-04-2015 18:23
  
  Westfield Insurance, a super-regional property and casualty insurance carrier based in Westfield Center, Ohio, has promoted Kristine Neate to the new role of national underwriting office leader. In this position, Neate will assume overall responsibility for reviewing and refining the …
  The article Westfield Insurance Taps Neate to Lead National Underwriting Office appeared first on Insurance Journal.
  
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• Arizona Governor Vetoes Bill Banning Ticket Quotas

  01-04-2015 18:21
  
  Arizona Gov. Doug Ducey has vetoed a bill that would have banned law enforcement agencies from establishing traffic ticket quotas for their officers. Ducey says he vetoed House Bill 2410 Monday because it might have hindered chiefs’ ability to affectively …
  The article Arizona Governor Vetoes Bill Banning Ticket Quotas appeared first on Insurance Journal.
  
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• Ski Areas Ask Oregon Legislature For Liability Protection

  01-04-2015 18:19
  
  Ski areas are asking the Oregon Legislature for enhanced protection from lawsuits after the state Supreme Court invalidated the broad liability waivers often printed on the back of lift tickets. Ski facility executives told the Senate Judiciary Committee this week that they …
  The article Ski Areas Ask Oregon Legislature For Liability Protection appeared first on Insurance Journal.
  
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• NFP acquires two related property/casualty agencies

  01-04-2015 18:18
  
  New York-based broker NFP Corp. has acquired property/casualty insurance agencies Weber's Insurance Service Inc. and Weber's Assurance Group L.L.C.
  
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• National Financial Partners acquires two related property/casualty agencies

  01-04-2015 18:18
  
  New York-based broker National Financial Partners Corp. has acquired property/casualty insurance agencies Weber's Insurance Service Inc. and Weber's Assurance Group L.L.C.
  
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• Uber, Cab Companies Face Off Over Nevada Ridesharing Bill

  01-04-2015 18:17
  
  Passions ran high this week over a bill that would create Nevada regulations specific to ridesharing companies such as Uber and Lyft, a prospect that cab and limo services criticize as a double standard that would put customers at risk and …
  The article Uber, Cab Companies Face Off Over Nevada Ridesharing Bill appeared first on Insurance Journal.
  
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• Lumber Liquidators Sued in California Over Formaldehyde Home Test Kits

  01-04-2015 18:08
  
  Lumber Liquidators Holdings Inc. was accused in a lawsuit of supplying consumers with unreliable kits to test for formaldehyde as federal authorities investigate reports the company sold flooring with high levels of the cancer-causing chemical. The home testing kits weren’t …
  The article Lumber Liquidators Sued in California Over Formaldehyde Home Test Kits appeared first on Insurance Journal.
  
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• National General Holdings Acquires Assigned Risk Solutions in New Jersey

  01-04-2015 18:00
  
  National General Holdings Corp. announced that it has closed upon the acquisition of Assigned Risk Solutions Ltd. in Saddle Brook, New Jersey, for a purchase price of $47 million in cash and potential future earnout payments. Assigned Risk Solutions is …
  The article National General Holdings Acquires Assigned Risk Solutions in New Jersey appeared first on Insurance Journal.
  
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• Pompano woman sold fake insurance policies to veterans, state says - Sun Sentinel

  01-04-2015 17:37
  
  Sun Sentinel
  Pompano woman sold fake insurance policies to veterans, state says
  Sun Sentinel
  A Pompano Beach insurance agent has been arrested for selling fake policies to military veterans' families, Florida Chief Financial Officer Jeff Atwater announced Wednesday. Investigators say in one case, an 84-year-old widow tried to collect on a $100 ...
  Pompano Beach Insurance Agent arrested for selling fraudulent policies to ...FOX 4all 4 news articles »
  
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• Hamilton Insurance Completes Sportscover Acquisition; O'Donohoe is MGA CEO - Insurance Journal

  01-04-2015 17:31
  
  Post Online
  Hamilton Insurance Completes Sportscover Acquisition; O'Donohoe is MGA CEO
  Insurance Journal
  The Bermuda-based Hamilton Insurance Group announced that it has completed the acquisition of Sportscover Underwriting Limited, the Lloyd's managing agent for Syndicate 3334, and Kinetic Insurance Brokers Limited, a Lloyd's insurance broker. Hamilton ...
  Hamilton Insurance Group Completes Acquisition of Sportscover Underwriting ...Yahoo Finance UKall 9 news articles &ra
  
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• Crystal, AIG Offer Conceptual Art Insurance for Private Clients - Insurance Journal

  01-04-2015 17:19
  
  Crystal, AIG Offer Conceptual Art Insurance for Private Clients
  Insurance Journal
  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 idea ...and more »
  
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• Mercer's Garg Returns to AIG as CEO of Personal Insurance - Insurance Journal

  01-04-2015 17:09
  
  Bloomberg
  Mercer's Garg Returns to AIG as CEO of Personal Insurance
  Insurance Journal
  American International Group Inc. has named Gaurav D. Garg as chief executive officer, Personal Insurance. The appointment marks the return of Garg to AIG, where he held various personal insurance roles for 12 years before joining Mercer. Garg will ...
  AIG Names Mercer's Garg as Personal-Insurance Unit CEOBloomberg
  AIG Names Gaurav D. Garg CEO of Personal InsuranceBusiness Wire (press release)
  AIG appo
  
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• Storm surge gains new alerts as Atlantic hurricane season nears

  01-04-2015 17:09
  When the 2015 Atlantic hurricane season starts June 1, people living along the coast of the U.S. mainland are going to get a new set of alerts from the National Hurricane Center in Miami.
  
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• Mercer’s Garg Returns to AIG as CEO of Personal Insurance

  01-04-2015 17:07
  
  American International Group Inc. has named Gaurav D. Garg as chief executive officer, Personal Insurance. The appointment marks the return of Garg to AIG, where he held various personal insurance roles for 12 years before joining Mercer. Garg will lead …
  The article Mercer’s Garg Returns to AIG as CEO of Personal Insurance appeared first on Insurance Journal.
  
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• NYC gets record $3B FEMA grant for Sandy housing repairs

  01-04-2015 17:01
  New York’s 33 public housing developments will get $3 billion from FEMA, its largest grant ever, to repair damage from Hurricane Sandy and to protect against a future storm.
  
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• NYC comptroller finds city misspent $6.8M for Sandy relief

  01-04-2015 16:54
  New York misspent $6.8 million after Hurricane Sandy in payments to independent consultants for flawed and incomplete work that delayed help to at least 20,000 people with damaged homes.
  
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