Insurance news

• CNA names worldwide property/casualty claims lead

  15-04-2015 23:36
  
  CNA Financial Corp. on Wednesday said it has appointed Andrew Pinkes as executive vice president of worldwide property/casualty claim, effective May 18.
  
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• Kingston dentist indicted for insurance fraud - The Daily Freeman

  15-04-2015 22:54
  
  Kingston dentist indicted for insurance fraud
  The Daily Freeman
  KINGSTON >> A city dentist was arraigned Wednesday on a multi-count indictment charging him with insurance fraud, grand larceny and falsifying business records related to a February 2014 fire at a building he owned adjacent to his office. Gilberto A.and more »
  
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• Congress approves bill to increase cover from malpractice lawsuits

  15-04-2015 22:16
  
  Health care providers would be protected from Medicare's refusal in certain circumstances to pay charges to be used as a cause of action in medical malpractice lawsuits, under legislation that is expected to be signed by President Barack Obama.
  
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• SEC can pursue case against ex-S&P executive

  15-04-2015 22:00
  
  (Reuters) — A federal judge on Wednesday refused to stop the U.S. Securities and Exchange Commission from pursuing a case against a former Standard & Poor's Corp.
  
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• OSHA targets firm making plastic balls used in fracking

  15-04-2015 21:34
  The U.S. Occupational Safety and Health Administration announced that it may fine a manufacturing company in New York for 48 alleged violations of workplace safety regulations.
  
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• School district liable for injured teacher's unauthorized medical costs

  15-04-2015 21:08
  
  A Tennessee teacher who fell in her classroom is entitled to an 8% impairment rating, and her employer is obligated to cover her unauthorized medical expenses under a workers compensation claim, the state’s Supreme Court ruled.
  
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• Obama Labor Rule Would Shift Legal Duty of Retirement Plan Brokers

  15-04-2015 21:00
  
  Brokers and insurance agents providing retirement-savings advice would have to put clients’ interests ahead of their own under an Obama administration plan that will face stiff opposition from Wall Street and Republican lawmakers. The Labor Department proposal announced Tuesday is …
  The article Obama Labor Rule Would Shift Legal Duty of Retirement Plan Brokers appeared first on Insurance Journal.
  
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• Willis predicts buyer-friendly conditions for commercial coverage market

  15-04-2015 20:20
  
  Risk managers should experience a generally buyer-friendly market for most lines of commercial insurance coverage for the rest of the year, but cyber coverage shoppers could see significant rate spikes according to a report issued Wednesday by Willis...
  
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• What Insurance Agents Want from Carriers

  15-04-2015 20:18
  
  Agents like what they get already but see room for improvement in field operations, agent education and marketing support provided by carriers, according to a 2014 national survey of more than 1,400 agents conducted by Channel Harvest Research. In this …
  The article What Insurance Agents Want from Carriers appeared first on Insurance Journal.
  
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• Agents Want Different Types of Education from Carriers

  15-04-2015 20:18
  
  Agents see room for improvement in field operations, agent education and marketing support provided by carriers, according to a 2014 national survey of more than 1,400 agents conducted by Channel Harvest Research. In this interview with Carrier Management at the …
  The article Agents Want Different Types of Education from Carriers appeared first on Insurance Journal.
  
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• MasterCard said to discuss $20M Target breach deal

  15-04-2015 20:11
  MasterCard and Target are in talks about a settlement in which the retailer would pay banks about $20 million for costs they incurred in its 2013 data breach.
  
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• Drywall contracting firm hit with $1 million comp repay

  15-04-2015 19:56
  
  The owner of a former Washington state drywall contracting firm has been ordered to pay $1 million in delinquent workers compensation premiums and penalties after a state insurance board found that he misclassified his employees as co-owners to avoid...
  
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• Don’t make these 3 insurance coverage mistakes in 2015’s tornado season

  15-04-2015 19:55
  Being prepared includes reviewing your insurance coverage and creating a home inventory.
  
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• Willis names co-CEOs for Capital Markets & Advisory

  15-04-2015 19:51
  
  Willis Group Holdings P.L.C. has named Rafal Walkiewicz and Michael Guo as co-CEOs to lead Willis Capital Markets & Advisory, the firm’s insurance investment banking business.
  
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• Lloyd's of London names western U.S. regional director

  15-04-2015 19:43
  
  Lloyd’s of London has tapped Richard Magrath to be its regional director for the western U.S.
  
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• Washington Contractor Hit for $1M in Workers’ Comp Premiums and Penalties

  15-04-2015 19:30
  
  A former drywall contractor in Walla Walla, Wash. must pay more than $1 million in delinquent workers’ compensation premiums and penalties. The Washington State Board of Industrial Insurance Appeals recently held Shawn A. Campbell and his spouse personally liable for …
  The article Washington Contractor Hit for $1M in Workers’ Comp Premiums and Penalties appeared first on Insurance Journal.
  
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• Tokio Millennium Re to establish London branch

  15-04-2015 19:27
  
  Tokio Millennium Re A.G., the Zurich-based reinsurance arm of Tokio Marine & Nichido Fire Insurance Co. Ltd., has received authorization to establish a U.K. branch and will begin writing business in the United Kingdom July 1, the reinsurer said Wednesday.
  
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• Remote-control planes could stop crashes, air-control chief says

  15-04-2015 19:26
  The aviation industry should consider implementing systems to take control of aircraft from the ground in emergencies following the crash.
  
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• Fuel pump issues cause more auto recalls

  15-04-2015 19:25
  Improper nickel plating may cause unexpected stalling.
  
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• First quarter cat bonds reach record of $1.70 billion issued

  15-04-2015 19:15
  
  First quarter issuance of catastrophe bonds reached a record $1.70 billion this year, according to a report from Aon Benfield, the company said in a statement Wednesday.
  
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• Managing the unique risks of yacht ownership

  15-04-2015 19:15
  Yacht owners face unique perils, including thorny risks associated with the fast growing trend of fractional ownership.
  
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• XS Brokers in Massachusetts Announces 3 Promotions

  15-04-2015 18:59
  
  XS Brokers, a wholesale agency based in Quincy, Massachusetts, announced three promotions. Gabe Carrieri has been promoted to executive vice president. Carrieri joined XS Brokers in 2005 after a 13-year career in the investments industry. Since then he has helped …
  The article XS Brokers in Massachusetts Announces 3 Promotions appeared first on Insurance Journal.
  
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• N.Y. Nixes 57 Nuisance Fees Including Fees on Some Work Comp Disputes

  15-04-2015 18:51
  
  New York is eliminating dozens of small fees the state had imposed on such random things as potato inspections, ski lifts and workers’ compensation disputes involving podiatrists. New York Gov. Andrew Cuomo’s administration detailed the 57 so-called nuisance fees on …
  The article N.Y. Nixes 57 Nuisance Fees Including Fees on Some Work Comp Disputes appeared first on Insurance Journal.
  
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• Feds: Ohio Flood-Control Project Would Cost $66M

  15-04-2015 18:46
  
  A plan to reduce flooding along the Blanchard River in northwestern Ohio, which includes building a 10-mile channel to divert water away from downtown Findlay, would cost nearly $66 million, according to the federal agency overseeing the project. The price …
  The article Feds: Ohio Flood-Control Project Would Cost $66M appeared first on Insurance Journal.
  
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• Counting the cost of America’s insurance fraud epidemic

  15-04-2015 18:45
  Fraud affects every aspect of insurance, costing consumers $80 billion annually.
  
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• Illinois Prep Sports Group: Concussions Lawsuit ‘Threatens’ Football

  15-04-2015 18:44
  
  The nation’s first prep sports governing body to face a class-action concussions lawsuit has asked an Illinois judge to dismiss the suit, arguing that if it prevails, it could kill football programs statewide. In its 16-page motion filed in Cook …
  The article Illinois Prep Sports Group: Concussions Lawsuit ‘Threatens’ Football appeared first on Insurance Journal.
  
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• Penn.: Fracking Exclusions Not Allowed in Homeowners Earthquake Endorsements

  15-04-2015 18:42
  
  The Pennsylvania Insurance Department issued a notice telling insurance companies that earthquake endorsements to homeowners insurance policies in Pennsylvania cannot exclude coverage for earthquakes that may be caused by “human activity” such as fracking. According to the Pennsylvania Insurance Department’s …
  The article Penn.: Fracking Exclusions Not Allowed in Homeowners Earthquake Endorsements appeared first on Insurance Journal.
  
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• Penn.: Fracking Exclusion Not Allowed in Homeowners Earthquake Endorsements

  15-04-2015 18:42
  
  The Pennsylvania Insurance Department issued a notice telling insurance companies that earthquake endorsements to homeowners insurance policies in Pennsylvania cannot exclude coverage for earthquakes that may be caused by “human activity” such as fracking. According to the Pennsylvania Insurance Department’s …
  The article Penn.: Fracking Exclusion Not Allowed in Homeowners Earthquake Endorsements appeared first on Insurance Journal.
  
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• Nebraska Gov. Signs Law Boosting Protections for Pregnant Workers

  15-04-2015 18:40
  
  Pregnant workers will have the right to easier workloads and modified schedules under a new Nebraska law. Gov. Pete Ricketts signed a bill to create better employment protections for expectant mothers. The law requires employers to acknowledge physical limitations of …
  The article Nebraska Gov. Signs Law Boosting Protections for Pregnant Workers appeared first on Insurance Journal.
  
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• Issuer Credit Rating of San Antonio’s National Unity Insurance Downgraded

  15-04-2015 18:38
  
  A.M. Best downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of B++ (Good) of National Unity Insurance Co. (National Unity) in San Antonio, Texas. The outlook for both ratings has been revised to negative …
  The article Issuer Credit Rating of San Antonio’s National Unity Insurance Downgraded appeared first on Insurance Journal.
  
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• Insurance Policy Included in Harrowing New Orleans Slavery Exhibit

  15-04-2015 18:33
  
  The cool, soothing exhibit rooms at the Historic New Orleans Collection’s Williams Research Center are a stark contrast to what’s shown: every wall and exhibit case documents the horrors of slavery. There are inventories and illustrations of the auction of …
  The article Insurance Policy Included in Harrowing New Orleans Slavery Exhibit appeared first on Insurance Journal.
  
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• Insurance Policy among Items in Harrowing New Orleans Slavery Exhibit

  15-04-2015 18:33
  
  The cool, soothing exhibit rooms at the Historic New Orleans Collection’s Williams Research Center are a stark contrast to what’s shown: every wall and exhibit case documents the horrors of slavery. There are inventories and illustrations of the auction of …
  The article Insurance Policy among Items in Harrowing New Orleans Slavery Exhibit appeared first on Insurance Journal.
  
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• Investors skeptical of executives’ ability to handle rising cyber risk

  15-04-2015 18:28
  
  (Reuters) — Less than half of company boards have the necessary skills to manage the rising threat of cyber attacks, a survey of global investors showed, with four of five respondents suggesting they might blacklist businesses that have been hacked.
  
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• Investors skeptical of executives' ability to handle rising cyber risk

  15-04-2015 18:28
  (Reuters) — Less than half of company boards have the necessary skills to manage the rising threat of cyber attacks, a survey of global investors showed.
  
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• Adjusters Say Hundreds of Cars Damaged by Hail in Missouri

  15-04-2015 18:27
  
  Insurance adjusters are still trying to figure out just how many cars on dealership lots and at private homes in the Farmington and Park Hills area of eastern Missouri were damaged by last week’s hail storm. Severe storms dumped pea- …
  The article Adjusters Say Hundreds of Cars Damaged by Hail in Missouri appeared first on Insurance Journal.
  
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• Liberty Mutual Inks Deal as U.S. Soccer Federation Sponsor

  15-04-2015 18:27
  
  Liberty Mutual Insurance has signed a multi-year sponsorship with the U.S. Soccer Federation, the national governing body for soccer in the U.S. The sponsorship, which extends through 2018, designates Liberty Mutual as the Official Insurance Partner of the U.S. Men’s …
  The article Liberty Mutual Inks Deal as U.S. Soccer Federation Sponsor appeared first on Insurance Journal.
  
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• JLT Specialty Insurance Appoints Najim Senior VP, Analytics & Consulting

  15-04-2015 18:26
  
  Chicgo-based JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), appointed Chris Najim as senior vice president of analytics and consulting. Najim will work alongside JLT Specialty brokers and other client …
  The article JLT Specialty Insurance Appoints Najim Senior VP, Analytics & Consulting appeared first on Insurance Journal.
  
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• Oklahoma Reserve Deputy Facing Manslaughter Charges Is Insurance Exec

  15-04-2015 18:24
  
  An Oklahoma reserve sheriff’s deputy charged with manslaughter in the shooting death of a man who was subdued on the ground has surrendered to authorities. Robert C. Bates of Tulsa is licensed as a property/casualty insurance producer and surplus lines …
  The article Oklahoma Reserve Deputy Facing Manslaughter Charges Is Insurance Exec appeared first on Insurance Journal.
  
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• High Court won’t consider case ordering Mexican firm to repay workers comp

  15-04-2015 18:06
  
  The U.S. Supreme Court has declined to consider the case of a Mexican transportation company ordered to repay the state of Arizona for workers compensation benefits paid to a Mexican truck driver who was injured in state.
  
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• Pacific Northwest Study Says More Could Survive Tsunami if They Can Just Walk Faster

  15-04-2015 17:38
  
  About 5,500 more people could survive a major tsunami hitting the Pacific Northwest if they just walk a little faster to higher ground after roads are knocked out, a new study shows. The report published Monday in the Proceedings of …
  The article Pacific Northwest Study Says More Could Survive Tsunami if They Can Just Walk Faster appeared first on Insurance Journal.
  
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• Colorado School District Liability Bill Moving Through Legislature

  15-04-2015 17:33
  
  A novel approach to make public schools liable for campus violence under a measure is advancing in Colorado, even as lawmakers from both parties wonder whether liability will prevent the next mass shooting. The bill that won bipartisan approval 4-1 …
  The article Colorado School District Liability Bill Moving Through Legislature appeared first on Insurance Journal.
  
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• California Court Cuts Damages to $2.8M in Jehovah’s Sex Abuse Case

  15-04-2015 17:30
  
  An appeals court has trimmed to $2.8 million the damages awarded to a woman who said the Jehovah’s Witnesses allowed an adult member of a Northern California church to molest her when she was a child in the mid-1990s. Candice …
  The article California Court Cuts Damages to $2.8M in Jehovah’s Sex Abuse Case appeared first on Insurance Journal.
  
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• Lloyd’s Names Magrath Western Regional Director

  15-04-2015 17:26
  
  Lloyd’s of London has named Richard Magrath regional director for its Western U.S. region. Magrath will be based in Los Angeles, Calif. with responsibility for market development activities in California, Oregon, Washington, Arizona, New Mexico, Nevada, Colorado, Idaho, Utah, Wyoming, Montana, …
  The article Lloyd’s Names Magrath Western Regional Director appeared first on Insurance Journal.
  
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• IRS Names Microcaptives as Top Abusive Tax Scheme

  15-04-2015 17:18
  
  The IRS is growing increasingly uncomfortable that an increasing number of smaller companies and professional firms have been doing what larger companies do — creating their own or joining a captive insurer. The IRS believes some of these smaller companies …
  The article IRS Names Microcaptives as Top Abusive Tax Scheme appeared first on Insurance Journal.
  
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• Asiana plane crash-lands short of Hiroshima runway in Japan

  15-04-2015 17:09
  An Asiana Airlines plane crash-landed short of the runway at Hiroshima Airport in Japan, injuring 27 passengers in its first accident since a crash landing in San Francisco almost two years ago.
  
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• Benefits lobbying group targets health care law's excise tax, work week rule

  15-04-2015 16:54
  
  Five years after President Obama signed his signature health reform care law, it is time for legislators to consider changes to the law, the head of an employer benefits lobbying group says.
  
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• Benefits lobbying group targets health care law’s excise tax, work week rule

  15-04-2015 16:54
  
  Five years after President Obama signed his signature health reform care law, it is time for legislators to consider changes to the law, the head of an employer benefits lobbying group says.
  
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• Ex-Cigna vice president named Connecticut insurance commissioner

  15-04-2015 16:42
  
  The Connecticut Senate has approved Katharine L. Wade to serve as the state’s insurance commissioner.
  
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• Tokio Millennium Re AG Receives Authorization to Operate UK branch

  15-04-2015 15:57
  
  Tokio Millennium Re AG (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that it has received authorization from the UK Prudential Regulation Authority (PRA) to operate a branch office in the …
  The article Tokio Millennium Re AG Receives Authorization to Operate UK branch appeared first on Insurance Journal.
  
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• The 10 costliest U.S. states for auto insurance

  15-04-2015 15:35
  If you live in one of these states, you're paying more for auto insurance than drivers in the rest of the U.S.
  
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