Insurance news

• Rideshare Service Bill Hailed by Maryland Lawmakers

  16-04-2015 23:50
  
  An eleventh-hour bill in Maryland addressing the regulation of rideshare companies like Uber and Lyft is being hailed by stakeholders on both sides of the meter. In the waning hours of the Maryland legislative session on April 13, Baltimore Sen. …
  The article Rideshare Service Bill Hailed by Maryland Lawmakers appeared first on Insurance Journal.
  
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• N.J. Consumers to Receive 1-Page Summary of Their Homeowners Coverage

  16-04-2015 23:20
  
  The New Jersey Department of Banking and Insurance announced that starting in June, New Jersey consumers buying or renewing homeowners, condominium, renters, mobile home, or dwelling fire insurance policies will receive a one-page summary of their policy that clearly explains …
  The article N.J. Consumers to Receive 1-Page Summary of Their Homeowners Coverage appeared first on Insurance Journal.
  
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• EEOC proposes rules for workplace wellness financial incentives

  16-04-2015 22:24
  The U.S. Equal Employment Opportunity Commission on Thursday published a long-awaited set of proposed rules clarifying the agency’s stance on the use of financial incentives within workplace wellness programs.
  
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• Arthur J. Gallagher buys California insurance broker

  16-04-2015 22:06
  
  Arthur J. Gallagher & Co. has acquired Huntington Beach, California-based Madison Risk & Insurance Services, Gallagher said Thursday.
  
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• Health care support firm gets OK to fund benefits in its captive

  16-04-2015 22:04
  
  The U.S. Labor Department has given final authorization to Healthcare Services Group Inc.
  
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• Independent broker network reorganizes board of directors

  16-04-2015 21:52
  
  Independent insurance broker alliance Brokerslink has made several leadership changes to drive growth and revenue, the group said Thursday.
  
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• Designer jeans subcontracting firms dressed in multimillion comp scheme accusation

  16-04-2015 21:43
  
  The CEOs of two subcontracting firms have been arrested after being accused of an $11 million workers compensation fraud scheme, the California Department of Insurance said Thursday.
  
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• Not All Birth Control Covered by Insurance Companies Under Obamacare - TIME

  16-04-2015 21:26
  
  TIME
  Not All Birth Control Covered by Insurance Companies Under Obamacare
  TIME
  Most health insurance companies are offering the free birth control required under the Affordable Care Act, but gaps still remain, according to a new report. The Kaiser Family Foundation examined 20 health insurance providers in five states and found ...
  Insurance Coverage Of Birth Control Is Uneven, Despite Obamacare MandateHuffington Post
  Some Insurance Companies Are Ignoring Women's Healthcare Coverages ...IJ
  
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• Mass. AG: Agency to Pay $3.5M for Inflating Premiums With Hidden Fees

  16-04-2015 21:24
  
  Authorities announced that a former retail insurance agent with Peabody, Massachusetts-based Kilgore Insurance Agency, along with the agency’s owners, have been ordered to pay more than $3.5 million in restitution and interest for overcharging clients, mostly small business owners, by …
  The article Mass. AG: Agency to Pay $3.5M for Inflating Premiums With Hidden Fees appeared first on Insurance Journal.
  
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• CDI: True Religion Subcontractor Underreported $78M in Payroll

  16-04-2015 21:13
  
  The owners of sewing companies subcontracted by True Religion Brand Jeans were arrested this week on 18 felony counts of workers’ compensation insurance fraud totaling more than $11 million in losses. Businesses Sung Hyun Kim, 57, and her sister Caroline …
  The article CDI: True Religion Subcontractor Underreported $78M in Payroll appeared first on Insurance Journal.
  
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• CDI Accuses True Religion Subcontractor of Underreporting $78M in Payroll

  16-04-2015 21:13
  
  The owners of sewing companies subcontracted by True Religion Brand Jeans were arrested this week on 18 felony counts of workers’ compensation insurance fraud totaling more than $11 million in losses. Businesses Sung Hyun Kim, 57, and her sister Caroline …
  The article CDI Accuses True Religion Subcontractor of Underreporting $78M in Payroll appeared first on Insurance Journal.
  
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• Senate makes major changes to auto insurance law in fast-moving legislation - MLive.com

  16-04-2015 21:08
  
  MLive.com
  Senate makes major changes to auto insurance law in fast-moving legislation
  MLive.com
  No-fault auto insurance would undergo major changes under Senate-passed legislation. (MLive file photo). Print Email · Emily Lawler | [email protected] By Emily Lawler | [email protected] MLive.com on April 16, 2015 at 3:06 PM, updated April 16, 2015 ...
  Michigan Senate committee puts a rush order on no-fault insurance changesMLive.com
  The many ways umbrella insurance protects youCBS News
  
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• Former Northwest Airlines CEO Steenland Named AIG Chairman

  16-04-2015 21:00
  
  American International Group Inc. named Douglas M. Steenland as the insurer’s seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to chief executive officer last year. Steenland, the former CEO of Northwest Airlines Corp., will …
  The article Former Northwest Airlines CEO Steenland Named AIG Chairman appeared first on Insurance Journal.
  
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• Oxford dips toe into higher learning about cyber security

  16-04-2015 20:57
  
  An old school is determined to teach business executives some new tricks to defend their companies from cyber attacks.
  
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• XL offers environmental excess policy for U.S., Canada

  16-04-2015 20:50
  
  XL Group P.L.C. has launched an environmental excess insurance policy for customers in the United States and Canada, the insurer said Thursday.
  
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• Uninsured rate for adults drops 40% since beginning of 2014

  16-04-2015 20:38
  
  Aided by health care reform law provisions that took effect at the beginning of 2014, the percentage of uninsured nonelderly adults has fallen by more than 40%, according to a new analysis.
  
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• Uninsured rate for adults drops 40% since 2013

  16-04-2015 20:38
  
  Aided by health care reform law provisions that took effect at the beginning of 2014, the percentage of uninsured nonelderly adults has fallen by more than 40%, according to a new analysis.
  
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• Philadelphia Insurance Companies Announces 4 Promotions

  16-04-2015 20:37
  
  Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurance company for niche markets, promoted Laura Boylan to vice president of Human Resources. The company is also promoting George Shalick to vice president and Julie Perkins and …
  The article Philadelphia Insurance Companies Announces 4 Promotions appeared first on Insurance Journal.
  
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• PartnerRe investor says Exor offer 'superior' to Axis deal

  16-04-2015 19:33
  
  (Reuters) — PartnerRe Ltd.'s second-biggest shareholder said Exor S.p.A.'s offer for the Bermuda-based reinsurer was "much superior" to a deal with Axis Capital Holdings Ltd. that was already on the table.
  
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• AIG invests in cyber investigation firm

  16-04-2015 19:08
  
  American International Group Inc. has obtained a minority stake in cyber investigation firm K2 Intelligence with plans to co-develop products and services with the company, the New York-based insurer said.
  
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• Revised settlement offer filed in NCAA concussion lawsuit

  16-04-2015 18:48
  
  Lawyers representing the NCAA and a group of former football players who are suing the association for head injuries in U.S. District Court in Chicago have presented a new settlement offer to a federal judge.
  
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• Ex-AIG chief Greenberg's bid to toss N.Y. case rejected

  16-04-2015 18:46
  
  (Reuters) — A New York state appeals court rejected former American International Group Inc. Chairman Maurice R. Greenberg's bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at the insurer.
  
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• Willis promotes exec amid legal fight over poaching

  16-04-2015 18:38
  
  Willis Group Holdings appointed a new chief for one of its specialty units amid a legal fight over a rival brokerage's alleged illegal poaching raid on the unit.
  
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• $26.2M Flood Mitigation Grant Approved for Burlington, Iowa

  16-04-2015 18:33
  
  City officials in Burlington, Iowa, announced it will be able to build flood walls and other barriers to keep the Mississippi River at bay during flood events. The city has been awarded a $26.2 million grant from the state Homeland …
  The article $26.2M Flood Mitigation Grant Approved for Burlington, Iowa appeared first on Insurance Journal.
  
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• AIG names next nonexecutive chairman

  16-04-2015 18:32
  
  Douglas M. Steenland will succeed Robert S. “Steve” Miller as nonexecutive chairman of American International Group Inc.’s board, effective July 1, AIG announced Thursday.
  
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• Greenberg Denied Bid to Dismiss New York AG Fraud Suit

  16-04-2015 18:31
  
  A New York state appeals court rejected former American International Group Inc. Chairman Maurice “Hank” Greenberg’s bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at the insurer. The court found that the New York attorney …
  The article Greenberg Denied Bid to Dismiss New York AG Fraud Suit appeared first on Insurance Journal.
  
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• All Risks South Central Adds Producers in Dallas, Houston, New Orleans

  16-04-2015 18:29
  
  Insurance wholesaler All Risks Ltd. has added three new producers in the South Central region: Zach Burdine in Dallas; Alan Doyle in Houston; and Aaron Ross in New Orleans. Burdine joins the Dallas office as a broker and brings proven …
  The article All Risks South Central Adds Producers in Dallas, Houston, New Orleans appeared first on Insurance Journal.
  
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• Target to Pay MasterCard Banks $19M to Settle Data Breach Claim

  16-04-2015 18:24
  
  Target Corp. said it had agreed to reimburse about $19 million to financial institutions that had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013. The amount under the settlement with MasterCard …
  The article Target to Pay MasterCard Banks $19M to Settle Data Breach Claim appeared first on Insurance Journal.
  
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• Missouri High Court Upholds Agricultural Liability Limit in Hog Farm Case

  16-04-2015 18:24
  
  Missouri’s highest court has upheld limits to the damages property owners can recover in nuisance lawsuits against agricultural operations. The Missouri Supreme Court ruled in favor of a hog farm in a case where neighbors challenged the constitutionality of a …
  The article Missouri High Court Upholds Agricultural Liability Limit in Hog Farm Case appeared first on Insurance Journal.
  
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• Sinkholes Added as Threat in Louisiana Disaster Plan; Salt Domes to be Mapped

  16-04-2015 18:23
  
  Sinkholes will be recognized as threats in the state’s updated hazard mitigation plan. The Daily Comet reports the state is working on a five-year update to its hazard mitigation plan, which must be in place to receive federal money after …
  The article Sinkholes Added as Threat in Louisiana Disaster Plan; Salt Domes to be Mapped appeared first on Insurance Journal.
  
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• Patient transport helps build bridge back to work

  16-04-2015 18:22
  
  Providing injured workers with nonemergency transportation services can improve outcomes and return-to-work times.
  
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• South Dakota Sees Uptick in Un-Belted Driver Deaths

  16-04-2015 18:20
  
  The South Dakota Department of Public Safety says there has been a significant bump in the number of drivers who die because they crash while not wearing a seat belt this year. Public Safety Department Secretary Trevor Jones said that …
  The article South Dakota Sees Uptick in Un-Belted Driver Deaths appeared first on Insurance Journal.
  
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• Snyder, Duggan working on Detroit auto insurance reform - The Detroit News

  16-04-2015 18:12
  
  The Detroit News
  Snyder, Duggan working on Detroit auto insurance reform
  The Detroit News
  Gov. Rick Snyder on Thursday said he's working with Mayor Mike Duggan on reforms to the state's auto insurance laws. (Photo: Todd McInturf / The Detroit News). Detroit — Gov. Rick Snyder said Thursday he's working with Mayor Mike Duggan on reforms to ...
  Snyder working with Detroit mayor on insurance issues - Toledo News Now ...Toledo News Nowall 8 news articles »
  
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• WTIA tech trade group to offer members insurance against cyber attacks - GeekWire

  16-04-2015 18:11
  
  WTIA tech trade group to offer members insurance against cyber attacks
  GeekWire
  wtia1 The Washington Technology Industry Association (WTIA) will offer its members insurance against cyber attacks — a program that the Seattle-based organization describes as the first of its kind for a tech trade group. WTIA's move, announced this ...
  WTIA Introduces Cyber-Insurance to Protect Companies from Growing Data ...Insurance News Netall 2 news articles »
  
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• Montana Man Sentenced to 5 Years for 13th DUI

  16-04-2015 17:56
  
  A 67-year-old man with a series of drunken driving convictions in three states dating back to 1985 has been sentenced to five years with the Montana Department of Corrections for his 13th conviction of driving under the influence. The Billings …
  The article Montana Man Sentenced to 5 Years for 13th DUI appeared first on Insurance Journal.
  
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• Berlin court upholds Uber ban over lack of insurance

  16-04-2015 17:52
  
  (Reuters) — A Berlin court has upheld a ban on the U.S-based online taxi service Uber, which allows users to summon a ride with their smartphones, saying the company did not comply with German laws on the carriage of passengers.
  
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• San Diego State U Student Suspended for Assault Sues School

  16-04-2015 17:44
  
  A San Diego State University student suspended following a sexual assault accusation has sued the school over the way it is handling the investigation. The U-T San Diego newspaper reported Tuesday that an attorney for Francisco Sousa says his client …
  The article San Diego State U Student Suspended for Assault Sues School appeared first on Insurance Journal.
  
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• Parts of Nevada, Utah, Idaho Declared Drought Disaster

  16-04-2015 17:42
  
  The U.S. Agriculture Department has declared two northeast Nevada counties natural disaster areas due to the lingering drought with an emergency order that also makes emergency low-interest loans available to farmers, ranchers and businesses in parts of neighboring Idaho and …
  The article Parts of Nevada, Utah, Idaho Declared Drought Disaster appeared first on Insurance Journal.
  
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• All Risks Names Campbell Senior Underwriter in California

  16-04-2015 17:39
  
  All Risks Ltd. has named Robert Campbell a senior underwriter in California. As a part of the national specialty programs unit, Campbell will be responsible for underwriting large workers’ compensation accounts for the healthcare industry. He will be able to …
  The article All Risks Names Campbell Senior Underwriter in California appeared first on Insurance Journal.
  
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• Target agrees to pay banks $19M for breach-related costs

  16-04-2015 17:36
  Target agreed to pay banks $19 million for costs they incurred in the 2013 data breach that exposed the payment-card and personal information of tens of millions of customers.
  
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• Target announces $19 million data breach settlement with MasterCard

  16-04-2015 17:35
  
  (Reuters) — Target Corp. said it had agreed to reimburse about $19 million to financial institutions that had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013.
  
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• UnitedHealth off to a roaring start in 2015 as insurance and pharmacy ... - Minneapolis Star Tribune

  16-04-2015 17:35
  
  Salon
  UnitedHealth off to a roaring start in 2015 as insurance and pharmacy ...
  Minneapolis Star Tribune
  UnitedHealth hiked its 2015 forecast after soaring past Wall Street's first-quarter expectations with a performance fueled partially by growth outside health insurance. The nation's largest health insurer said Thursday that earnings from its Optum ...
  UnitedHealth off to a roaring start in 2015 as insurance business and outside ...Newser
  Health Insurance Fee May Reduce UnitedHealth G
  
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• More than one-third of the U.S. is in drought

  16-04-2015 17:29
  Drought conditions widened across the U.S. as the West saw little rain even as areas east of the Mississippi River benefited from storms.
  
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• AIG takes stake in investigative firm to offer cyber protection

  16-04-2015 17:19
  AIG acquired a minority stake in an investigative consulting firm as it seeks to offer clients protection from cyber attacks.
  
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• Florida’s hurricane-free stretch has Citizens bracing for storms

  16-04-2015 17:14
  Florida hasn’t been hit by a hurricane since 2005, and its state-run property insurer isn’t taking any chances.
  
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• Equinox Global to offer specialist claims service

  16-04-2015 17:04
  
  Trade credit insurer Equinox Global Ltd. has launched a specialist claims service to be led by John Davison.
  
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• Guy Carpenter model targets Canadian floods

  16-04-2015 16:53
  
  Guy Carpenter & Co., L.L.C. has launched a probabilistic Canadian flood model, the New York-based unit of Marsh & McLennan Cos. Inc. announced Thursday.
  
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• Catastrophe model covers Canadian floods

  16-04-2015 16:53
  Guy Carpenter & Co., L.L.C. has launched a probabilistic Canadian flood model, the New York-based unit of Marsh & McLennan Cos. Inc. announced Thursday.
  
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• Do you know these 10 property insurance terms? Do your clients?

  16-04-2015 16:53
  Do you know the meaning of "barratry" or "bumbershoot"?
  
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• Reducing the risk employee identity theft

  16-04-2015 16:52
  Not all identity theft threats are cyber-related; sometimes they involve old-fashioned paper records.
  
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