Insurance news

• Mass. Gov. Baker to Appoint Judson as Next Insurance Commissioner: Report

  08-04-2015 23:57
  
  Massachusetts Governor Charlie Baker plans to appoint Daniel Judson, the current president of Commonwealth Automobile Reinsurers (CAR), the state’s industry-operated residual market and statistical agent for auto insurance, as the next commissioner of insurance, according to a report from the …
  The article Mass. Gov. Baker to Appoint Judson as Next Insurance Commissioner: Report appeared first on Insurance Journal.
  
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• Cantonment insurance agent convicted of fraud - Pensacola News Journal

  08-04-2015 23:24
  
  Pensacola News Journal
  Cantonment insurance agent convicted of fraud
  Pensacola News Journal
  A Cantonment insurance agent was found guilty Wednesday of racketeering and money laundering in a judge trial, according to a news release from the State Attorney's Office. Operating under multiple business names, Randall Petersen, 49, conducted a ...
  
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• Gwar in dustup with deceased frontman’s dad

  08-04-2015 22:51
  
  A metal band is being sued for allegedly stealing its frontman’s ashes.
  
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• Oregon State Fund Names Barnett President and CEO

  08-04-2015 22:25
  
  The board of directors of SAIF Corp. in Oregon on Wednesday named Kerry Barnett as the workers’ compensation insurer’s new president and CEO. Barnett has worked for Cambia Health Solutions, formerly The Regence Group, since 2004, most recently as executive …
  The article Oregon State Fund Names Barnett President and CEO appeared first on Insurance Journal.
  
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• Tokio Marine names former Catlin exec group head of claims

  08-04-2015 22:24
  Former Catlin executive Nick Sinfield will lead Tokio Marine Kiln Group Ltd. as group head of claims, the London-based insurer announced.
  
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• Private health insurance exchange enrollment booms

  08-04-2015 22:19
  
  Enrollment in private health insurance exchanges doubled in the last year, with even larger enrollment increases expected during the next few years, according to a new report.
  
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• Life insurers Pan-American, Mutual Trust to merge

  08-04-2015 21:45
  
  Pan-American Life Insurance Group and Mutual Trust Financial Group have agreed to merge their respective holding companies, the firms announced on Wednesday.
  
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• NEW CEO of CAP Dealing with Changing Med Mal Market

  08-04-2015 21:44
  
  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 Cooperative of American …
  The article NEW CEO of CAP Dealing with ChangingMed Mal Market appeared first on Insurance Journal.
  
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• For storm-prone U.S. heartland, spring’s arrival comes with a cost

  08-04-2015 21:31
  It’s again the time of year when a mix of cool air from Canada, warm moist air from the Gulf of Mexico and a touch of energy off the Pacific can all wrap together to unleash storms across the U.S. Midwest and South.
  
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• Minnesota Firm Settles Disability Discrimination Claim for $50K

  08-04-2015 21:16
  
  A Minneapolis-based distributor will pay $50,000 to settle a claim that it fired a man after he had a heart attack. The U.S. Equal Employment Opportunity Commission announced the settlement with Baldwin Supply Co. The lawsuit alleged that Baldwin Supply …
  The article Minnesota Firm Settles Disability Discrimination Claim for $50K appeared first on Insurance Journal.
  
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• FCC imposes $25 million fine on AT&T over customer data breach

  08-04-2015 21:11
  (Reuters) — The Federal Communications Commission reached a $25 million settlement with AT&T Inc. over a consumer data breach at call centers in Mexico, Colombia and the Philippines, the U.S. communications regulator said on Wednesday.
  
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• Higginbotham Adds Homeowners Association Insurance Practice Group

  08-04-2015 21:10
  
  A group of five commercial property/casualty insurance professionals led by broker Mark Conner has joined Higginbotham in Houston. The group specializes in homeowners association (HOA) insurance and loss control, serving hundreds of single family community associations in Texas. The group came from the Houston office of Willis of Texas Inc., …
  The article Higginbotham Adds Homeowners Association Insurance Practice Group appeared first on Insurance Journal.
  
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• Judge tosses class action in stolen Horizon Blue Cross laptops case

  08-04-2015 20:52
  
  A U.S. District Court judge has dismissed putative class action litigation filed against Horizon Blue Cross and Blue Shield in connection with two stolen laptops, stating the plaintiffs cannot prove that suffered any damage from the theft.
  
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• REAL ESTATE: Flood insurance premiums rise - Press-Enterprise

  08-04-2015 20:32
  
  Press-Enterprise
  REAL ESTATE: Flood insurance premiums rise
  Press-Enterprise
  Paul Parenteau cleans up some of the mud on the campus at Elsinore High School after a storm leaves behind flooding, damage in Wildomar, September 17, 2014. FRANK BELLINO, FILE PHOTO. Related article » ...
  Flood insurance rates going up, some more than double annuallyWJXT Jacksonville
  Floodplain Managers Group: Oklahoma Bill Threatens Flood InsuranceInsurance Journalall 6 news articles »
  
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• AIG gets OK to use drones for risk assessment

  08-04-2015 20:01
  
  The Federal Aviation Administration has approved American International Group Inc.’s request to operate drones to conduct inspections for risk assessment, risk management, loss control and surety performance for its U.S.
  
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• Hub International Acquires Assets of ‘N Compass Group in New Mexico

  08-04-2015 19:42
  
  Hub International Limited has acquired the assets of Las Cruces, New Mexico–based ‘N Compass Group Inc.. ‘N Compass provides employee benefits insurance and consulting services to the Las Cruces and El Paso areas of Southern New Mexico as well as …
  The article Hub International Acquires Assets of ‘N Compass Group in New Mexico appeared first on Insurance Journal.
  
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• Travelers' Personal Insurance Business In Focus - Forbes

  08-04-2015 19:40
  
  Forbes
  Travelers' Personal Insurance Business In Focus
  Forbes
  The Travelers Companies, Inc. is the fifth largest property and casualty insurer in the U.S., with a market share of 4.04% in terms of net premiums earned. In our model we have divided Travelers into three main divisions: Business and Financial ...and more »
  
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• Defense contractor to settle SEC bribery charges

  08-04-2015 19:30
  
  (Reuters) — Defense contractor FLIR Systems Inc. will pay $9.5 million to settle civil charges that it violated federal bribery laws by financing a "world tour" of personal travel for government officials in the Middle East, U.S.
  
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• Florida OIR approves removal of up to 45,000 policies from Citizens

  08-04-2015 19:21
  The Florida Office of Insurance Regulation has approved the removal of up to 45,000 personal residential policies and 500 commercial residential polices from Citizens.
  
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• Would you wear a tracker to get an insurance discount? - CNNMoney

  08-04-2015 19:18
  
  CNNMoney
  Would you wear a tracker to get an insurance discount?
  CNNMoney
  fitbit running sneakers John Hancock will let you wear a Fitbit -- and share all its data -- for cheaper life insurance. For the first time ever in the United States, a life insurance company is offering a discount -- if you're willing to let it track ...
  John Hancock Hopes You'll Trade Activity Data For Insurance DiscountsNPR (blog)
  Giving Out Private Data for Discount in InsuranceNew York Times
  Life-Insurance Pol
  
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• March windstorm damage in Europe could top $1 billion

  08-04-2015 19:02
  Economic and insured losses will likely exceed $ 1.0 billion as a result of damage caused by European windstorms Mike and Niklas during March, according to a report released Wednesday.
  
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• March windstorm damage expected to top $1 billion

  08-04-2015 19:02
  
  Economic and insured losses will likely exceed $ 1.0 billion as a result of damage caused by European windstorms Mike and Niklas during March, according to a report released Wednesday.
  
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• Exclusive: Liberty Mutual, Automatic Team Up To Offer Insurance Discounts ... - Forbes

  08-04-2015 19:00
  
  Forbes
  Exclusive: Liberty Mutual, Automatic Team Up To Offer Insurance Discounts ...
  Forbes
  There's no shortage of devices that plug into your car's Onboard Diagnostic (OBD-II) port to gather data. And there's also no shortage of auto insurance companies that want to give you one for free in order to gather data about your driving habits in ...
  
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• Ratings of Farmers Mutual Hail Insurance Co. of Iowa Downgraded

  08-04-2015 18:50
  
  A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-”from “a” of Farmers Mutual Hail Insurance Company of Iowa (FMH), headquartered in West Des Moines. Both ratings have been removed from …
  The article Ratings of Farmers Mutual Hail Insurance Co. of Iowa Downgraded appeared first on Insurance Journal.
  
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• Home and auto insurance rates in Florida expected to dip 1.5% this summer

  08-04-2015 18:46
  State regulators say home and auto insurance rates in Florida should dip 1.5% in July thanks to the removal of an emergency assessment on policies.
  
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• OneBeacon Insurance Group, Ltd. Reportedly Exploring A Sale; Stock Rises - ValueWalk

  08-04-2015 18:45
  
  ValueWalk
  OneBeacon Insurance Group, Ltd. Reportedly Exploring A Sale; Stock Rises
  ValueWalk
  The shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) are trading higher due to the report that its majority owner is exploring a sale. OneBeacon is a specialty property and casualty insurer based in Bermuda. OneBeacon Insurance. The stock price of ...
  White Mountains Insurance Group Ltd. (WTM) is Trading Higher on Unusual ...Equities.com
  OneBeacon mulls sale, drawing interest from ChinaBusiness
  
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• NTSB: Pilots in Fatal Katz Crash Ignored Safety Check on 99% of Trips

  08-04-2015 18:37
  
  Investigators of the private-jet crash that killed billionaire Lewis Katz discovered that the sports mogul’s personal pilots almost never performed the required pre-flight safety checks when shuttling their boss around the country. There were only two occasions out of the …
  The article NTSB: Pilots in Fatal Katz Crash Ignored Safety Check on 99% of Trips appeared first on Insurance Journal.
  
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• Cold winter caused $2.3 billion in damages

  08-04-2015 18:37
  
  The winter of 2014-2015 caused an estimated $2.3 billion in insured damages in the United States, according to a preliminary analysis released by Munich Reinsurance Co. on Wednesday, slightly lower than insured losses of $2.
  
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• Buchan Joins JLT Specialty’s Construction Practice; Lu Joins Environmental

  08-04-2015 18:35
  
  JLT Specialty Insurance Services Inc. has appointed William Buchan as senior vice president of its Construction Practice, which is based in San Francisco. Buchan will help lead all facets of the Construction Practice, as well as provide counsel to other …
  The article Buchan Joins JLT Specialty’s Construction Practice; Lu Joins Environmental appeared first on Insurance Journal.
  
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• Main Street America Names Osman to Office of Assistant Secretary

  08-04-2015 18:30
  
  The Main Street America Group has announced that Darryl Osman, the company’s director of personal lines product management and market research, has been appointed as an assistant secretary of the organization, which is an officer-level role. Osman is responsible for …
  The article Main Street America Names Osman to Office of Assistant Secretary appeared first on Insurance Journal.
  
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• Bryan Stow won't get all of his insurance money - McCovey Chronicles

  08-04-2015 18:16
  
  Bryan Stow won't get all of his insurance money
  McCovey Chronicles
  Presumably, we all remember Opening Day in 2011, when Bryan Stow was attacked in the parking lot of Dodger Stadium for wearing Giants gear. Last July, Bryan Stow won a civil suit against the Dodgers and was awarded $18 million. Sure, we knew that he ...and more »
  
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• Texas-Based Energy MGAs Partner with Wild Well Control for Pollution Control

  08-04-2015 18:10
  
  Houston-based upstream oil and gas energy managing general agent (MGA), J.H. Blades & Co. Inc., Swett & Crawford’s Dallas energy team and the recently-acquired Burke Daniels Inc., have joined forces with Wild Well Control Inc. to launch an early intervention pollution control and mitigation program for the …
  The article Texas-Based Energy MGAs Partner with Wild Well Control for Pollution Control appeared first on Insurance Journal.
  
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• Louisiana weighs closed drug formulary to combat opioid abuse

  08-04-2015 18:02
  
  A Louisiana bill would implement a closed drug formulary to help combat overutilization of opioids and compounded drugs in the state.
  
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• Brazil Considers IPO for Caixa Econômica's Insurance Affiliate - Wall Street Journal

  08-04-2015 18:02
  
  Wall Street Journal
  Brazil Considers IPO for Caixa Econômica's Insurance Affiliate
  Wall Street Journal
  SÃO PAULO—Brazil's government is considering a possible initial public offering of shares in the insurance company controlled by state-owned bank Caixa Econômica Federal and French insurer CNP Assurances, Finance Minister Joaquim Levy told ...
  UPDATE 2-Brazil state lender Caixa wants insurance unit IPO this yearReuters
  Rousseff Plans to Sell Stake in Caixa Economica Insurance
  
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• How do you rank? The results of NU's 2015 risk manager compensation survey

  08-04-2015 18:01
  How do you stack up against your risk-management peers? Let's take a look at the numbers.
  
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• Here are the results of NU's 2015 risk manager compensation survey

  08-04-2015 18:01
  How do you stack up against your risk-management peers? Let's take a look at the numbers.
  
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• Feds Wants Egg Executives Punished for Salmonella Outbreak

  08-04-2015 18:00
  
  A federal judge in Iowa should consider the “widespread harm” done by a major 2010 salmonella outbreak and the food safety lapses that preceded it in sentencing two egg industry executives whose company was responsible, federal prosecutors said. In the …
  The article Feds Wants Egg Executives Punished for Salmonella Outbreak appeared first on Insurance Journal.
  
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• Soldier Settles in Hawaii With Government Over Needles Found In Burger

  08-04-2015 18:00
  
  A retired soldier’s lawsuit over swallowing needles in a fast-food burger is settling for $50,000. Retired Army sergeant Clark Bartholomew filed the lawsuit in 2011 saying he was injured by needles in a Burger King sandwich purchased on a Hawaii …
  The article Soldier Settles in Hawaii With Government Over Needles Found In Burger appeared first on Insurance Journal.
  
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• Colorado Prosecutors Charge Uber Driver Accused Of Attempted Break-In

  08-04-2015 17:57
  
  Prosecutors have charged a Colorado Uber driver accused of trying to break into the home of a woman he drove to the airport. The Denver District Attorney’s Office announced Monday that 51-year-old Gerald Montgomery has been charged with attempted second-degree …
  The article Colorado Prosecutors Charge Uber Driver Accused Of Attempted Break-In appeared first on Insurance Journal.
  
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• Jury Finds California Woman Guilty On Multiple Counts of Insurance Fraud

  08-04-2015 17:55
  
  Jill Audette, 28, of San Diego, Calif., was convicted on five felony counts of insurance fraud and leaving the scene of a collision after falsely claiming her car was stolen and involved in a hit and run collision. Audette’s sentencing …
  The article Jury Finds California Woman Guilty On Multiple Counts of Insurance Fraud appeared first on Insurance Journal.
  
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• Maine’s MEMIC Promotes McGarvey to Chief Operating Officer

  08-04-2015 17:53
  
  The MEMIC Group, a workers’ compensation insurer based in Portland, Maine, promoted Daniel J. McGarvey to the newly created position of chief operating officer. McGarvey is based in The MEMIC Group’s Portland headquarters. He has been serving as senior vice …
  The article Maine’s MEMIC Promotes McGarvey to Chief Operating Officer appeared first on Insurance Journal.
  
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• Even the White House isn't safe: Russia may be behind cyber hack on U.S. capital

  08-04-2015 17:52
  Criminal hackers doing the bidding of the Russian government are believed to have hacked into a non-classified White House computer network last year.
  
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• California Agent Nabbed on Bogus Bond, $100K Premium Theft Charges

  08-04-2015 17:51
  
  Licensed insurance agent Lars Hedegaard, 63, of Danville, Calif. was arrested on two felony counts of grand theft. Hedegaard was doing business as Westport &Associates Insurance Services Inc. when he allegedly issued 14 fraudulent bonds to contractors and collected $111,365 …
  The article California Agent Nabbed on Bogus Bond, $100K Premium Theft Charges appeared first on Insurance Journal.
  
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• OneBeacon mulls sale, drawing interest from China

  08-04-2015 17:49
  
  (Reuters) — OneBeacon Insurance Group Ltd, a specialty insurer controlled by White Mountains Insurance Group Ltd, is considering a sale, Bloomberg reported, citing people familiar with the matter.
  
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• Merger strengthens youth activity program insurer

  08-04-2015 17:48
  
  The Redwoods Group Inc. and surplus lines insurer Crum & Forster Insurance Co., part of Fairfax Financial Holdings Ltd., have agreed to merge, Redwoods said in a statement.
  
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• OneBeacon said to explore sale, drawing interest from Fosun

  08-04-2015 17:30
  OneBeacon, a specialty insurer controlled by White Mountains, is exploring a sale.
  
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• Insurance Loophole Is Placed in Cross Hairs - Wall Street Journal

  08-04-2015 17:22
  
  Insurance Loophole Is Placed in Cross Hairs
  Wall Street Journal
  The chairman of an insurance regulatory task force is calling for changes to better protect consumers from agents who sell financial products despite being barred from the securities industry. Todd Kiser, the commissioner of the Utah Insurance ...and more »
  
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• OneBeacon Explores Sale; China’s Fosun Interested: Sources

  08-04-2015 17:18
  
  OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people with knowledge of the matter. OneBeacon has drawn interest from companies including China’s Fosun International Ltd., said the people, who asked not to be …
  The article OneBeacon Explores Sale; China’s Fosun Interested: Sources appeared first on Insurance Journal.
  
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• OneBeacon Explores a Sale; China’s Fosun Has Expressed Interest: Sources

  08-04-2015 17:18
  
  OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people with knowledge of the matter. OneBeacon has drawn interest from companies including China’s Fosun International Ltd., said the people, who asked not to be …
  The article OneBeacon Explores a Sale; China’s Fosun Has Expressed Interest: Sources appeared first on Insurance Journal.
  
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• ANE Adds 2 New Jersey Agencies to Its Network

  08-04-2015 17:09
  
  ANE (Agency Network Exchange LLC), a network of independently owned and operated insurance agencies, has added two New Jersey agencies to its network: Glenn Insurance Inc. with offices in Absecon and Vineland; and Mile Square Insurance Agency of Hoboken. Founded …
  The article ANE Adds 2 New Jersey Agencies to Its Network appeared first on Insurance Journal.
  
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