Insurance news

• OSHA allies with chemical hazard group to boost safety

  13-04-2015 23:17
  
  The Occupational Safety and Health Administration announced on Monday a renewed alliance with the Society for Chemical Hazard Communication to help mitigate worker exposure to chemicals hazards.
  
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• Woman unemployed since 1994 denied disability pay

  13-04-2015 22:43
  
  An Ohio woman injured in a slip-and-fall accident at work three decades ago can’t receive workers compensation benefits for continuing injuries because she voluntarily left the workforce in 1994, the Ohio Supreme Court has ruled.
  
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• Water-related risks around the world

  13-04-2015 22:29
  A report on water insecurity says floods and drought amid climate change and a lack of investment in reliable water supplies is weighing on the global economy.
  
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• Transgender lawsuit against eye clinic settles

  13-04-2015 21:42
  
  A Florida eye clinic has agreed to pay $150,000 to settle one of the first two lawsuits filed by the U.S. Equal Employment Opportunity Commission that charged sex discrimination against a transgender individual, the agency said Monday.
  
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• Highest valued U.S. properties face bigger natural risks

  13-04-2015 19:36
  
  Property values in the United States have continued to become more concentrated in areas prone to natural catastrophes, according to a new report from Karen Clark & Co.
  
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• As the number of Baby Boomers grows, so does the risk for senior care facilities

  13-04-2015 19:33
  3 tips for how agents can work with underwriters to lower their clients’ risks.
  
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• Texting While Driving Ban OK’d in Oklahoma Senate

  13-04-2015 18:45
  
  Oklahoma drivers could be pulled over and ticketed for texting while driving under a bill passed overwhelmingly in the state Senate. The Senate voted 38-6 for the HB 1965, which now returns to the House for consideration. The bill makes …
  The article Texting While Driving Ban OK’d in Oklahoma Senate appeared first on Insurance Journal.
  
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• Nonstandard Auto Insurance Market Is Not For Everybody

  13-04-2015 18:41
  
  The nonstandard auto market is not for every carrier or agency. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many have struggled to maintain market share. But while some have been hurt by or lost …
  The article Nonstandard Auto Insurance Market Is Not For Everybody appeared first on Insurance Journal.
  
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• Oklahoma Enters Medical Marijuana Debate with Cannabidiol Bill

  13-04-2015 18:31
  
  A medical pilot program using cannabidiol, a derivative linked to marijuana, is heading to a vote of the full Oklahoma Senate after being unanimously approved in the Senate Health and Human Services committee by a vote of 9-0. House Bill …
  The article Oklahoma Enters Medical Marijuana Debate with Cannabidiol Bill appeared first on Insurance Journal.
  
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• Great American Expands Capacity for Pollution Products

  13-04-2015 18:21
  
  Great American Insurance Group has expanded its complete pollution product line policy aggregate limits of liability to $50 million per loss/$100 million. This expanded capacity can be offered on both a primary layer or on an excess of loss basis. …
  The article Great American Expands Capacity for Pollution Products appeared first on Insurance Journal.
  
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• 5 Tips to Help Risk Managers Address the Sharp Drop in Oil Prices

  13-04-2015 18:18
  
  Oil and gas companies, as well as service contractors, manufacturers, distributors, transportation companies and any entity that supports the energy complex including, local banks, construction firms and real estate markets in oil towns across the country, are in the midst …
  The article 5 Tips to Help Risk Managers Address the Sharp Drop in Oil Prices appeared first on Insurance Journal.
  
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• Digital insurance stores are opening in your neighborhood: A memo to agents

  13-04-2015 18:11
  Agents need to offer a customer-focused wrapper, 24/7 access to all products, policies, premiums, payment information, access to documents, claim forms, and customer care call centers.
  
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• Illinois Governor Looks to Reduce Worker’s Comp Costs

  13-04-2015 18:07
  
  High on the list of Illinois Gov. Bruce Rauner’s legislative priorities is reducing the amount employers pay for workers’ compensation insurance. Illinois currently ranks 7th nationwide for the highest cost per $100 of salary, according to the Oregon Department of …
  The article Illinois Governor Looks to Reduce Worker’s Comp Costs appeared first on Insurance Journal.
  
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• Spending on hospital care soars in February

  13-04-2015 18:07
  
  U.S. health expenditures in February climbed 6.6% compared with the same month last year. A sharp rise in hospital spending was among the primary catalysts.
  
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• Former California Agent Charged With Scamming Elderly Church Members

  13-04-2015 18:04
  
  Constance Gail Fortune, 61, was arraigned in Los Angeles Superior Court in California and charged with three felony counts of grand theft and one felony count of financial elder abuse for allegedly scamming seniors, many of whom were members of …
  The article Former California Agent Charged With Scamming Elderly Church Members appeared first on Insurance Journal.
  
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• Missouri Bills Include Insurance Subsidies for Dairy, Agriculture

  13-04-2015 18:04
  
  Gov. Jay Nixon has signed bills aimed at boosting Missouri’s dairy and $12.5 billion-a-year agriculture industries through insurance subsidies, scholarships, eased restrictions during parts of the year and other provisions meant to help crop and livestock farmers. One measure would …
  The article Missouri Bills Include Insurance Subsidies for Dairy, Agriculture appeared first on Insurance Journal.
  
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• Court Blocks Parts of Restrictive Missouri Health Care Navigator Law

  13-04-2015 18:02
  
  An appeals court has ruled that Missouri can’t limit health insurance navigators’ ability to help people obtain insurance under President Barack Obama’s health care law — a ruling that advocates say could have implications for other states that have instituted …
  The article Court Blocks Parts of Restrictive Missouri Health Care Navigator Law appeared first on Insurance Journal.
  
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• Minor Quake in Montana Reported by USGS

  13-04-2015 17:58
  
  The U.S. Geological Survey reported a minor earthquake struck southeast of Kalispell, Mont. over the weekend There were no reports of damage from the 3.6 magnitude earthquake that struck about 12:45 a.m. Saturday. The epicenter was near Somers, on the …
  The article Minor Quake in Montana Reported by USGS appeared first on Insurance Journal.
  
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• Arizona Governor Signs Bill to Modify Asbestos Injury Claims

  13-04-2015 17:57
  
  Attorneys representing victims of asbestos exposure say a bill Arizona Gov. Doug Ducey signed into law will limit victims’ ability to recover losses. Ducey said he signed the measure Thursday to increase transparency and fairness in asbestos litigation. “While victims …
  The article Arizona Governor Signs Bill to Modify Asbestos Injury Claims appeared first on Insurance Journal.
  
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• Chung and Perez-Reyes Named SVPs at Hub in California

  13-04-2015 17:41
  
  Hub International Insurance Services Inc. has promoted Gay Catherine Chung to senior vice president and client director and Arturo Perez-Reyes to senior vice president and cyber-group leader of the executive liability practices division in the company’s commercial risk division in San …
  The article Chung and Perez-Reyes Named SVPs at Hub in California appeared first on Insurance Journal.
  
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• Chinese hackers target Southeast Asia, India, researchers say

  13-04-2015 17:40
  
  (Reuters) — Hackers, most likely from China, have been spying on governments and businesses in Southeast Asia and India uninterrupted for a decade, researchers at Internet security company FireEye Inc. said.
  
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• The digital insurer: The time is sow

  13-04-2015 17:27
  The quality and speed of the digital services and products that Apple, Google and Amazon provide influences customers' expectations from the insurance industry.
  
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• The digital insurer: The time is now

  13-04-2015 17:27
  The quality and speed of the digital services and products that Apple, Google and Amazon provide influences customers' expectations from the insurance industry.
  
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• California Regulators Order PG&E to Pay $1.6B for Deadly Gas Blast

  13-04-2015 17:24
  
  California regulators imposed the largest penalty in the agency’s history, ordering PG&E Corp. to pay $1.6 billion for failures that led to a deadly 2010 natural gas pipeline explosion in a San Francisco suburb. A faulty weld on the pipeline …
  The article California Regulators Order PG&E to Pay $1.6B for Deadly Gas Blast appeared first on Insurance Journal.
  
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• Aetna, Cigna balk as Angelina effect spurs genetic cancer testing

  13-04-2015 16:43
  
  (Reuters) — Medical researchers call it the "Angelina Effect," the surge in demand for genetic testing attributable to movie star Angelina Jolie's public crusade for more aggressive detection of hereditary breast and ovarian cancer.
  
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• Deadly fires leave 5,000 homeless in Russian Siberia

  13-04-2015 16:41
  Wildfires swept through Russia’s Khakassia region in Siberia, killing at least 15 people and leaving about 5,000 homeless.
  
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• Radian had turning point with first profit since 2006, CEO says

  13-04-2015 16:31
  Radian CEO S.A. Ibrahim said the mortgage insurer is poised to expand after its first profitable year since 2006.
  
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• Survey: Nearly 9 in 10 US adults now have health insurance - CBS News

  13-04-2015 16:29
  
  CBS News
  Survey: Nearly 9 in 10 US adults now have health insurance
  CBS News
  WASHINGTON -- Underlining a change across the nation, nearly 9 out of 10 adults now say they have health insurance, according to an extensive survey released Monday. As recently as 2013, slightly more than 8 out of 10 had coverage. Whether the new ...
  Nearly 90 percent of Americans have health coverageCNNMoney
  Uninsured rate drops to lowest level yetCNBC
  Thanks To Obamacare, Nearly 9 In 10 American Adults Now Have
  
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• 5 ways digital data can benefit your business

  13-04-2015 15:50
  Here’s how to maximize the data insurers are collecting.
  
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• Job opportunities are improving for college graduates

  13-04-2015 15:31
  The job market for college-educated workers have never been greater, according to a new report.
  
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• Is insurance the wrong solution to cybersecurity?

  13-04-2015 15:18
  Companies are focusing on the consequences of cyber crime, not the causes, by purchasing liability and errors-and-omissions insurance.
  
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• U.S. Judge Upholds Liability of Arab Bank for Terrorist Financing

  13-04-2015 14:53
  
  A U.S. judge on Wednesday rejected Arab Bank Plc’s bid to overturn a jury verdict finding it liable for knowingly supporting terrorism efforts related to a series of attacks in the Middle East. The Jordan-based bank had been accused by …
  The article U.S. Judge Upholds Liability of Arab Bank for Terrorist Financing appeared first on Insurance Journal.
  
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• Health Insurance Companies Balk As 'Angelina Effect' Spurs Genetic Cancer ... - Yahoo Health

  13-04-2015 14:52
  
  Yahoo Health
  Health Insurance Companies Balk As 'Angelina Effect' Spurs Genetic Cancer ...
  Yahoo Health
  Major insurance companies are declining to pay for genetic tests made popular by Angelina Jolie's call for women at risk to take control of their health. (Photo: Getty Images). Medical researchers call it the “Angelina Effect,” the surge in demand for ...
  'Angelina Effect' Spurs Genetic Testing, But Insurance Companies BalkNewsmax
  'Angelina Effect' Incites Nati
  
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• Cybercrime risks continue to plague insurers

  13-04-2015 14:50
  As companies begin to comprehend the dangers, insurers are seeing the number of cyber policies double.
  
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• Travelers to Buy Majority Interest in P&C Business of Brazil Joint Venture

  13-04-2015 14:31
  
  The Travelers Companies Inc. announced that it has agreed to acquire a majority interest in the property casualty business of its J. Malucelli Participações em Seguros e Resseguros S.A. joint venture in Brazil. J. Malucelli commenced writing property and casualty …
  The article Travelers to Buy Majority Interest in P&C Business of Brazil Joint Venture appeared first on Insurance Journal.
  
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• Nearly 90 percent of Americans have health coverage - CNNMoney

  13-04-2015 14:21
  
  CNNMoney
  Nearly 90 percent of Americans have health coverage
  CNNMoney
  Nearly nine out of 10 Americans now have health insurance, a sharp improvement from two years ago before Obamacare was put in place. A poll by Gallup found that the uninsured rate among U.S adults declined to 11.9% in the first quarter, down one ...
  Uninsured rate drops to lowest level yetCNBC
  Survey: 9 in 10 US adults have health insuranceAl Jazeera Americaall 229 news articles »
  
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• 8 money-saving car insurance moves for spring

  13-04-2015 14:20
  As you organize your household for Spring, take time to review your car insurance policy and your driving habits to see where you can cut costs.
  
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• Alternative capital continues to depress rates: Credit Suisse

  13-04-2015 12:54
  
  Analysts at Credit Suisse A.G. have said that in their opinion "the growth of alternative capital should continue to weigh on reinsurance pricing," reported Artemis.bm.
  
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• Reinsurance hub ambitions for India

  13-04-2015 12:53
  
  T.S.
  
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• Cyber risk to container lines: Research

  13-04-2015 12:52
  
  Recent research by Denmark-based Cyberkeel ApS shows that 18 out of the top 20 container lines and their customers are exposed to 'click-jacking' cyber attacks, Splash 24/7 reported.
  
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• Underinsurance of crops in India: Study

  13-04-2015 12:50
  
  A joint study by India's Associated Chambers of Commerce and Industry and Skymet Weather Services Pvt. Ltd. has found that only 19% of farmers in the country have crop insurance, reports The Hindu BusinessLine.
  
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• Fraudsters steal $3.2 million online from U.K.holidaymakers in 2014

  13-04-2015 12:49
  
  A report said that fraudsters targeted online holiday bookings and stole £2.2 million ($3.2 million) from the U.K.'s holidaymakers in 2014, reports The Independent.
  
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• Flooding of Yangtze River likely in 2015

  13-04-2015 12:48
  
  China's flood control authority has warned of potential heavy flooding in middle and lower reaches of the country's Yangtze River in 2015, Anhui News reported.
  
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• Floods affect lime production in Argentina

  13-04-2015 12:47
  
  Miguel Seleme, president of Argentina's SA Veracruz has said that heavy downpour across the country's Tucuman province has been affecting the quality and quantity of lime fruit, Customs Today reports.
  
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• Political unrest causes large losses in Bangladesh

  13-04-2015 12:46
  
  A World Bank report has said that the ongoing political unrest in Bangladesh has cost the country $2.2 billion in the first quarter of 2015, reported Business Standard citing bdnews24.com.
  
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• Reinsurance in Indonesia could affect capital requirements: Analysis

  13-04-2015 12:41
  
  A.M. Best Co. Inc. said that the high utilization of reinsurance among Indonesian nonlife insurers could have a substantial effect on capital requirements, Asia Insurance Review reported.
  
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• XL, Cobalt Underwriting Launch Shariah-Compliant Equine Product at Lloyd’s

  13-04-2015 12:40
  
  XL Group and Cobalt Underwriting have launched the first Shariah-compliant product to be available through Lloyd’s of London. The cover is an equine product, which responds to named perils, mortality, theft, infertility and permanent disability, among other risks, XL said …
  The article XL, Cobalt Underwriting Launch Shariah-Compliant Equine Product at Lloyd’s appeared first on Insurance Journal.
  
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• Insurance call for nuclear-powered icebreaker

  13-04-2015 12:39
  
  Russia's Baltic Shipyard Shipbuilding Ltd. is on the lookout for an insurer to cover the construction risks of a nuclear-powered icebreaker and has requested proposals, Asn-news.ru reported.
  
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• Aviva CEO & CFO Reduce Long-Term Bonuses After Voting Agency Concern

  13-04-2015 11:45
  
  Aviva plc’s Chief Executive Officer Mark Wilson and the chief financial officer lowered their long-term bonuses after Institutional Shareholder Services Inc. was said to have raised concerns over 2015 compensation. Wilson’s long-term incentive plan (LTIP ) reverted back to 2014 …
  The article Aviva CEO & CFO Reduce Long-Term Bonuses After Voting Agency Concern appeared first on Insurance Journal.
  
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• DIFC Forms New Insurance Association

  13-04-2015 11:17
  
  The Dubai International Financial Centre (DIFC) announced that its Insurance Association “has been incorporated as a non-profit body in the DIFC and is ready to welcome corporate applicants. Dr. Bassel Hindawi, one of the three initial founding members of the …
  The article DIFC Forms New Insurance Association appeared first on Insurance Journal.
  
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