Insurance news

• New CEO of CAP in California Ponders Impact of Hard Market, ACA

  06-04-2015 23:38
  
  A potentially hardening market and a paradigm shift in how healthcare is delivered are just two issues Sarah Pacini has had to face since her first day on the job. Pacini is CEO of Los Angeles, Calif.-based The Cooperative of …
  The article New CEO of CAP in California Ponders Impact of Hard Market, ACA appeared first on Insurance Journal.
  
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• How Personal Legal Insurance Works - Investopedia

  06-04-2015 23:19
  
  Investopedia
  How Personal Legal Insurance Works
  Investopedia
  Attorneys are expensive – so expensive that you might not be able to afford one if you need one. Their services cost hundreds of dollars per hour; even preparing a simple will can cost $100 to $500. Personal legal insurance, also called “group legal ...
  
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• Look, Ma! No hands: Self-driving vehicles and insurance

  06-04-2015 23:18
  Self-driving cars are definitely on the way, but it may be some time before we're all being conveyed by fully automated vehicles.
  
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• Life Insurance for Military Families - NerdWallet (blog)

  06-04-2015 22:08
  
  NerdWallet (blog)
  Life Insurance for Military Families
  NerdWallet (blog)
  Life insurance protects your family against financial hardship in the event of your death — and if you have a high-risk occupation, like being a member of the armed forces, it's even more important. But the U.S. military's million and a half active ...and more »
  
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• USI beefs up builder’s risk program

  06-04-2015 21:58
  
  USI Insurance Services L.L.C. has launched a builder’s risk program for projects of all sizes and types that expands the coverage terms typically offered to middle market customers, the Valhalla, New York-based brokerage announced Monday.
  
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• Pension plan funding stable in March

  06-04-2015 21:53
  
  Pension plans sponsored by S&P 1500 companies maintained an estimated aggregate funding level of 80% through the end of March, according to a report by Mercer L.L.C. released Monday.
  
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• Safety concerns rise at big Texas refinery a decade after disaster

  06-04-2015 21:48
  (Reuters) — U.S. workplace regulators are probing accident data reported by Marathon Petroleum Corp.
  
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• American Family Insurance ALL-USA Central Indiana Super Team - Indianapolis Star

  06-04-2015 21:24
  
  Indianapolis Star
  American Family Insurance ALL-USA Central Indiana Super Team
  Indianapolis Star
  The first five members of the American Family Insurance ALL-USA Central Indiana area boys basketball Super Team all led their teams to new heights during decorated high school basketball careers. Lawrence North's Pat Bacon, Howe's Harris Brown, ...and more »
  
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• Delaware’s Mandatory Motorcycle Helmet Bill in Legislative Limbo

  06-04-2015 21:03
  
  A bill requiring motorcycle riders in Delaware to wear helmets remains in legislative limbo after members of the House Public Safety Committee could not agree last week to send it to the House floor or to table it. Current Delaware …
  The article Delaware’s Mandatory Motorcycle Helmet Bill in Legislative Limbo appeared first on Insurance Journal.
  
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• Bond Insurance Penetration Climbs to 5.8% in Q1 - Bond Buyer

  06-04-2015 21:02
  
  Bond Buyer
  Bond Insurance Penetration Climbs to 5.8% in Q1
  Bond Buyer
  The municipal bond insurance industry showed continued growth in the first quarter of 2015, as insured penetration rose to 5.8%, a sizeable uptick from the 4.3% of long-term bond deals wrapped by insurance in the first quarter a year ago. The month of ...
  
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• Virginia fraternity chapter to sue 'reckless' Rolling Stone

  06-04-2015 21:02
  
  (Reuters) — The University of Virginia fraternity chapter at the center of Rolling Stone magazine's retracted article “A Rape on Campus” said on Monday that it planned to sue the magazine for what it called “reckless”...
  
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• Virginia Fraternity Chapter Plans Lawsuit Against ‘Reckless’ Rolling Stone

  06-04-2015 20:26
  
  The University of Virginia fraternity chapter at the center of Rolling Stone magazine’s retracted article “A Rape on Campus” said on Monday that it planned to sue the magazine for what it called “reckless” reporting that hurt its reputation. The …
  The article Virginia Fraternity Chapter Plans Lawsuit Against ‘Reckless’ Rolling Stone appeared first on Insurance Journal.
  
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• Employer must pay full disability benefits to worker with long injury history

  06-04-2015 20:01
  
  Under the state’s “fresh-start rule,” an Iowa employer isn’t entitled to apportion its liability for permanent partial disability benefits in the case of a worker with a long history of work-related injuries, the Iowa Supreme...
  
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• Last year's Air Algerie Mali crash linked to icing and pilot error

  06-04-2015 19:30
  The crash of Air Algerie MD-83 in Mali last July was triggered by the icing of pressure probes after pilots failed to turn on anti-icing systems.
  
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• Composite P&C rates down 1%, personal rates up 2% in March 2015

  06-04-2015 19:23
  Another month of slow-and-steady in the U.S. property and casualty market.
  
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• Pipeline Developer Sues More Than 100 West Virginia Property Owners

  06-04-2015 18:59
  
  More than 100 property owners in West Virginia are being sued by the developer of a proposed natural gas pipeline. Mountain Valley Pipeline LLC’s lawsuit seeks access to the properties to conduct a survey for a possible pipeline route. The …
  The article Pipeline Developer Sues More Than 100 West Virginia Property Owners appeared first on Insurance Journal.
  
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• Obama Approves Rhode Island Blizzard Disaster Declaration

  06-04-2015 18:59
  
  Rhode Island officials say President Barack Obama has approved the state’s request for a disaster declaration connected to a blizzard in January that caused an estimated $4.7 million in damage. Officials with the state Emergency Management Agency say the president …
  The article Obama Approves Rhode Island Blizzard Disaster Declaration appeared first on Insurance Journal.
  
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• Jury Awards $3M to West Virginia Man in Ford Crash Lawsuit

  06-04-2015 18:58
  
  A 74-year-old West Virginia man who sued Ford Motor Company after his gas pedal got stuck, causing him to crash his truck, has been awarded more than $3 million in damages. The Charleston Gazette reports that a federal jury in …
  The article Jury Awards $3M to West Virginia Man in Ford Crash Lawsuit appeared first on Insurance Journal.
  
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• Federal Appeals Court Denies Kmart Trial Over Flooding of Mississippi Store

  06-04-2015 18:55
  
  A federal appeals court has upheld the dismissal of Kmart Corp.’s lawsuit against a shopping center owner for flood damage to one of its stores in Corinth, Miss. Kmart contended it had evidence to support its arguments that property owner …
  The article Federal Appeals Court Denies Kmart Trial Over Flooding of Mississippi Store appeared first on Insurance Journal.
  
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• Georgia Senate Sends Ridesharing Bill to Governor

  06-04-2015 18:52
  
  The Georgia Senate has expanded the requirements ridesharing companies must meet to operate in the state. The Senate voted last Thursday to add a requirement for drivers of companies such as Uber to display certificates of identification on their vehicles. …
  The article Georgia Senate Sends Ridesharing Bill to Governor appeared first on Insurance Journal.
  
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• J.M. Wilson in Michigan Names Shaw Claims Specialist

  06-04-2015 18:51
  
  Portage, Mich.-based J.M. Wilson has named Cheryl Shaw a claims specialist. Shaw is responsible for reviewing and processing all incoming claims, which includes contacting the insurance company, working with adjusters and filing all necessary paperwork.  She will act as a …
  The article J.M. Wilson in Michigan Names Shaw Claims Specialist appeared first on Insurance Journal.
  
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• Hardenbergh Insurance Group Acquires Meyer Insurance in New Jersey - Insurance Journal

  06-04-2015 18:37
  
  Hardenbergh Insurance Group Acquires Meyer Insurance in New Jersey
  Insurance Journal
  Hardenbergh Insurance Group, an independent insurance agency based in Marlton, New Jersey, announced its acquisition of Meyer Insurance Agency, an independent agency in Medford, New Jersey. Terms of the transaction were not disclosed. Established ...
  South Jersey insurance agency acquires competitorPhiladelphia Business Journal
  Hardenbergh Insurance acquires South Jersey rival to expand Philadelphia ...IFA
  
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• Hardenbergh Insurance Group Acquires Meyer Insurance in New Jersey

  06-04-2015 18:35
  
  Hardenbergh Insurance Group, an independent insurance agency based in Marlton, New Jersey, announced its acquisition of Meyer Insurance Agency, an independent agency in Medford, New Jersey. Terms of the transaction were not disclosed. Established in 1957, Meyer Insurance Agency provides …
  The article Hardenbergh Insurance Group Acquires Meyer Insurance in New Jersey appeared first on Insurance Journal.
  
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• Leaders in Iowa City Consider Tougher Vehicle Impound Law

  06-04-2015 18:10
  
  Motorists in Mason City, Iowa could soon have their vehicles impounded for any one of 10 violations, including some misdemeanors. The City Council will consider an impound ordinance at its meeting Tuesday night, the Mason City Globe Gazette reported. Violations …
  The article Leaders in Iowa City Consider Tougher Vehicle Impound Law appeared first on Insurance Journal.
  
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• Professors Sue Minnesota College Over Law School Merger

  06-04-2015 18:09
  
  Two tenured professors at William Mitchell College of Law are suing over potential layoffs connected to a planned merger with Hamline University School of Law. The two schools are seeking authorization to create the Mitchell-Hamline School of Law. The St. …
  The article Professors Sue Minnesota College Over Law School Merger appeared first on Insurance Journal.
  
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• Asbestos Lawsuit Seeks Millions for Former Workers at Missouri Courthouse

  06-04-2015 18:06
  
  Lawyers are seeking what could be millions of dollars in damages for people who worked at the Jackson County Courthouse during an asbestos removal project in the early 1980s. Attorney Lou Accurso says the employees should receive free medical testing …
  The article Asbestos Lawsuit Seeks Millions for Former Workers at Missouri Courthouse appeared first on Insurance Journal.
  
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• Louisiana Insurance Department Offers Early Retirement to Cut Costs

  06-04-2015 18:03
  
  Louisiana Insurance Commissioner Jim Donelon gave some of his employees the chance to take an early retirement incentive, to help his agency balance its budget. Donelon says six employees took the offer under which they will receive a lump sum …
  The article Louisiana Insurance Department Offers Early Retirement to Cut Costs appeared first on Insurance Journal.
  
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• Property/casualty insurance rates holding steady

  06-04-2015 18:01
  
  Commercial property/casualty insurance rates in March were flat compared with those of the same month in 2014, Dallas-based electronic insurance exchange MarketScout reported Monday.
  
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• Uber, Lyft drivers could become ineligible for workers comp in Alaska

  06-04-2015 17:56
  
  Alaska is considering a pair of bills that would exempt ride-sharing services such as Uber Technologies Inc. and Lyft Inc. from providing workers compensation coverage to drivers in their networks.
  
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• Texas Hospital Seeks Dismissal Of Ebola Nurse’s Lawsuit

  06-04-2015 17:55
  
  The operator of a Dallas, Texas hospital has denied allegations of poor training and seeks dismissal of a lawsuit filed by a nurse who contracted Ebola while caring for a patient. The Dallas Morning News reported Texas Health Resources filed …
  The article Texas Hospital Seeks Dismissal Of Ebola Nurse’s Lawsuit appeared first on Insurance Journal.
  
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• Hollywood studios defeat animators' hiring lawsuit

  06-04-2015 17:52
  
  (Reuters) — A federal judge has thrown out an antitrust lawsuit accusing major Hollywood animation studios of trying to drive down animators’ wages through an illegal anti-poaching conspiracy.
  
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• TWIA Transfers $262M Into Catastrophe Reserve Trust Fund

  06-04-2015 17:51
  
  The Texas Windstorm Insurance Association has transferred $262.7 million into its Catastrophe Reserve Trust Fund as a result of its 2014 operations. The transfer brings the CRTF total to its largest balance at roughly $480 million. As part of overall …
  The article TWIA Transfers $262M Into Catastrophe Reserve Trust Fund appeared first on Insurance Journal.
  
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• Rules Drive Uber Ridesharing Service Out Of Oregon City

  06-04-2015 17:42
  
  Easter Sunday marked the end of Uber in Eugene, Ore. at least for now. The Register-Guard newspaper reported Saturday that a hearings official imposed a civil penalty of $1,500 a day on the ridesharing company after deciding it is violating …
  The article Rules Drive Uber Ridesharing Service Out Of Oregon City appeared first on Insurance Journal.
  
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• Nevada Senate Passes Bill Allowing 80 Mph Speed Limits

  06-04-2015 17:38
  
  A bill allowing Nevada to increase speed limits up to 80 mph has passed out of the state Senate. Senators voted to approve SB 2 on Thursday in a 16-4 vote. The bill now moves to the Assembly. The bill …
  The article Nevada Senate Passes Bill Allowing 80 Mph Speed Limits appeared first on Insurance Journal.
  
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• Jury Awards $17.8M Malpractice Verdict Against Colorado Hospital

  06-04-2015 17:34
  
  An Arapahoe County, Colo. jury has handed down a $17.8 million malpractice judgment against Children’s Hospital Colorado after finding the hospital’s staff was responsible for giving the wrong dose of medication to a 4-day-old girl. The Denver Post reported Naomi …
  The article Jury Awards $17.8M Malpractice Verdict Against Colorado Hospital appeared first on Insurance Journal.
  
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• Lloyd’s of London Offers Wildfire Insurance to Oregon at Higher Rates

  06-04-2015 17:33
  
  The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years – but at a higher premium and deductible. Lloyd’s of London has offered to cover up to …
  The article Lloyd’s of London Offers Wildfire Insurance to Oregon at Higher Rates appeared first on Insurance Journal.
  
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• Frolich Joins Barney & Barney in California

  06-04-2015 17:27
  
  Barney & Barney Insurance Services LLC has named Carla Frolich a client executive. Frolich will work in the firm’s San Francisco and Walnut Creek, Calif. offices. Barney & Barney’s Bay Area locations specialize in serving clients in technology, healthcare, construction and higher education. The firm …
  The article Frolich Joins Barney & Barney in California appeared first on Insurance Journal.
  
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• 6 Reasons To Consider Buying Longevity Insurance - Forbes

  06-04-2015 17:17
  
  Forbes
  6 Reasons To Consider Buying Longevity Insurance
  Forbes
  Over the last few years, annuities have begun to take a more prominent role in the retirement income planning process and part of the reason is longevity risk. According to retirement expert Tom Hegna, CLU®, ChFC®, CASL®, author of Pay Checks and Play ...and more »
  
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• Supreme Court Reviews $1.75B Ruling for Bombing Victims Against Iran Central Bank

  06-04-2015 16:43
  
  The U.S. Supreme Court on Monday asked President Barack Obama’s administration to weigh in on an appeal by the Iranian central bank over whether $1.75 billion must be paid to victims of the 1983 Lebanon U.S. Marine Corps barracks bombing. …
  The article Supreme Court Reviews $1.75B Ruling for Bombing Victims Against Iran Central Bank appeared first on Insurance Journal.
  
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• The 3 stages of the P&C insurance software system selection process - PropertyCasualty360

  06-04-2015 16:39
  PropertyCasualty360
  The 3 stages of the P&C insurance software system selection process
  PropertyCasualty360
  A core business transformation is a fundamental change to how nearly everyone in an insurance organization conducts business and performs their day-to-day job. (Photo: Shutterstock). Insurance companies are in the process of undergoing a ...and more »
  
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• The 3 stages of the P&C insurance software system selection process

  06-04-2015 16:36
  By simply replacing legacy computer software systems with a new solution and doing nothing more, carriers are missing significant opportunities to create competitive advantages.
  
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• Insurance Industry Says Cyber Threat Database Needed - Insurance Journal

  06-04-2015 16:18
  
  Insurance Industry Says Cyber Threat Database Needed
  Insurance Journal
  Cyber insurance is one of the fastest growing property/casualty insurance markets. But the sector remains the Wild West of risk prevention, a fast moving target with rapidly-evolving risk portfolios, along with losses and liabilities that remain hard ...and more »
  
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• Insurance Industry Says Cyber Threat Database Needed

  06-04-2015 16:11
  
  Cyber insurance is one of the fastest growing property/casualty insurance markets. But the sector remains the Wild West of risk prevention, a fast moving target with rapidly-evolving risk portfolios, along with losses and liabilities that remain hard to quantify. Last …
  The article Insurance Industry Says Cyber Threat Database Needed appeared first on Insurance Journal.
  
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• Is climate change a hoax?

  06-04-2015 16:02
  The debate has not yet dried up, even if California has.
  
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• The 5 hidden risks in your supply chain

  06-04-2015 16:00
  First lesson: Don't overlook the "human element."
  
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• AIG Sued by Pimco Over Swaps, Subprime Losses

  06-04-2015 15:55
  
  Pacific Investment Management Co. accused American International Group Inc. of misleading investors about “colossal” losing bets on unregulated credit-default swaps and subprime debt before the 2008 financial crisis. Pimco seeks to hold AIG accountable for tens of billions of dollars …
  The article AIG Sued by Pimco Over Swaps, Subprime Losses appeared first on Insurance Journal.
  
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• 5 Steps to Take if Your Health Insurance Claim is Denied - Money Talks News (blog)

  06-04-2015 15:28
  
  Money Talks News (blog)
  5 Steps to Take if Your Health Insurance Claim is Denied
  Money Talks News (blog)
  Whether it's for a routine doctor's visit or emergency surgery, you usually expect your health insurance company to pick up at least a portion of the tab. Unfortunately, that's not always the case. According to the American Medical Association, 1.82 ...and more »
  
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• Air Algerie Mali Crash Linked to Icing and Pilot Error, French Investigator Says

  06-04-2015 15:24
  
  The crash of Air Algerie MD-83 in Mali last July, an accident that claimed 116 lives, was triggered by the icing of pressure probes after pilots failed to turn on anti-icing systems, investigators said. When the probes iced up in …
  The article Air Algerie Mali Crash Linked to Icing and Pilot Error, French Investigator Says appeared first on Insurance Journal.
  
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• QBE European Operations Names Menear as Director of Underwriting Operations

  06-04-2015 15:08
  
  London-based QBE European Operations, which is part of QBE Insurance Group, has appointed Nick Menear as director of underwriting operations, effective April 1. In this new role, Menear is responsible for fostering operational excellence within QBE’s retail and international markets …
  The article QBE European Operations Names Menear as Director of Underwriting Operations appeared first on Insurance Journal.
  
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• Why 'disappearing deductible' car insurance plans don't always save you money

  06-04-2015 15:05
  The offer certainly seems beguiling. Car insurance companies say they'll reward customers by trimming their collision deductibles after a few years of crash-free driving.
  
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