Insurance news

• Willis offers $594 million for rest of Gras Savoye

  22-04-2015 23:18
  
  Willis Group Holdings P.L.C. has offered approximately €550 million ($594.4 million) to acquire the remaining 70% of French broker Gras Savoye & Cie. that it does not currently own, Willis said Wednesday.
  
  Read more

• Definition of 'expenses' at center of insurer policy dispute

  22-04-2015 21:55
  
  The term “expenses” in an insurance policy encompasses attorneys’ fees in a variety of contexts, said an appeals courting ruling in favor of Arch Specialty Insurance Co. in a dispute with Amerisure Mutual Insurance Co.
  
  Read more

• More workers died on the job in 2013 than originally reported

  22-04-2015 21:08
  The U.S. Bureau of Labor Statistics on Wednesday released revised worker fatality data showing that 4,585 workers died on the job in 2013, up from the preliminary count of 4,405 reported in September 2014.
  
  Read more

• Insurer not required to pay lawyer who didn't disclose procedural error

  22-04-2015 20:50
  
  A Fireman’s Fund Insurance Co. unit was justified in denying a $1.75 million legal malpractice award, because the policyholder had failed to inform it of the case when he applied for coverage, an appeals court says.
  
  Read more

• Advertisement

• Willis unveils claims practice addressing large-scale disasters

  22-04-2015 20:37
  
  Willis Group Holdings P.L.C. on Wednesday said it has created a forensic accounting and complex claims practice to aid recovery efforts across a wide range of disciplines after large-scale disasters.
  
  Read more

• Willis launches claims practice addressing large-scale disasters

  22-04-2015 20:37
  Willis Group Holdings P.L.C. on Wednesday said it has created a forensic accounting and complex claims practice to aid recovery efforts across a wide range of disciplines after large-scale disasters.
  
  Read more

• Canada's SCM Insurance Services on Auction Block - Wall Street Journal

  22-04-2015 20:28
  
  Canada's SCM Insurance Services on Auction Block
  Wall Street Journal
  Canada's SCM Insurance Services, which provides claims management and other services to the property and casualty insurance industry, is on the auction block, according to people familiar with the matter. SCM, majority owned by Torquest Partners, ...
  
  Read more

• Bill to repeal health insurance tax gains steam in House - The Hill

  22-04-2015 20:26
  
  Bill to repeal health insurance tax gains steam in House
  The Hill
  A bipartisan bill to help health insurance companies avoid fees under ObamaCare is now backed by a majority of House lawmakers, its sponsors announced Wednesday. The bill would repeal an ObamaCare provision commonly called the “health insurance ...and more »
  
  Read more

• Advertisement

• Protestors argue cop too aggressive in ticketing drivers without insurance - MLive.com

  22-04-2015 20:20
  
  MLive.com
  Protestors argue cop too aggressive in ticketing drivers without insurance
  MLive.com
  Bay City attorney Edward M. Czuprynski leads a rally of protestors outside Hampton Township Hall Monday, April 20. The group gathered, with some later addressing the township's Board of Trustees, to speak out against Hampton Township police officer ...
  
  Read more

• Around the Industry: April 22, 2015

  22-04-2015 20:08
  News from Willis Group Holdings, JLT, Marsh, Arbella and more.
  
  Read more

• Air ambulance payer rules codified in North Dakota

  22-04-2015 20:05
  
  North Dakota Gov. Jack Dalrymple has signed a bill into law that defines the situations in which workers compensation and other payers should cover air ambulance services.
  
  Read more

• Former AIG exec takes management liability practice post

  22-04-2015 19:46
  
  Matthew Kletzli has joined Victor O. Schinnerer & Co. as senior vice president and management liability practice leader, the Chevy Chase, Maryland-based managing general underwriter said Wednesday.
  
  Read more

• Your Apple device may have a bug

  22-04-2015 19:11
  Approximately 1,000 apps are vulnerable to hacking, putting personal information at risk.
  
  Read more

• Greenberg says insurance industry is entering era of taking on too much risk

  22-04-2015 19:05
  Ace CEO Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to win business.
  
  Read more

• Government had no right to take 80% in AIG bailout: Greenberg lawyer

  22-04-2015 18:44
  WASHINGTON — The federal government did not have the authority to demand nearly 80% of AIG's equity in return for financial assistance during the 2008 financial crisis, an attorney for AIG investors told a federal judge Wednesday.
  
  Read more

• Safety National Rebrands Reinsurance Platform: Safety National Re

  22-04-2015 18:41
  
  St. Louis, Mo.-based Safety National Casualty Corp. announced it has rebranded its reinsurance platform as Safety National Re. Safety National Re will continue to offer its existing products and solid financial security, which includes over $1.25 billion in surplus as …
  The article Safety National Rebrands Reinsurance Platform: Safety National Re appeared first on Insurance Journal.
  
  Read more

• Corn processor to use drones for crop insurance claims after FAA approval

  22-04-2015 18:38
  Archer-Daniels-Midland Co., the world’s largest corn processor, received regulatory approval from the FAA to fly drones that will locate and assess crop damage.
  
  Read more

• Michigan Insurance Wholesaler J.M. Wilson Promotes Van Niman

  22-04-2015 18:35
  
  Portage, Mich.-based managing general agency and surplus lines broker, J.M. Wilson, has promoted Dawn Van Niman who will be serving multiple roles as accounting and finance associate, agency coordinator assistant, and human resource assistant. Van Niman will be responsible for …
  The article Michigan Insurance Wholesaler J.M. Wilson Promotes Van Niman appeared first on Insurance Journal.
  
  Read more

• Landlords in Michigan Town Must Ensure Renters Keep Homes Crime-Free

  22-04-2015 18:26
  
  A new ordinance in Saginaw will require renters to pledge to keep their homes free of crime and puts landlords on the hook for making sure tenants obey the rules. The ordinance, dubbed the “crime-free lease addendum,” was approved on …
  The article Landlords in Michigan Town Must Ensure Renters Keep Homes Crime-Free appeared first on Insurance Journal.
  
  Read more

• Texas Earthquake Swarm Linked to Drilling, Wastewater Injection

  22-04-2015 18:20
  
  With real-time monitors, scientists have linked a swarm of small earthquakes west of Fort Worth, Texas, to nearby natural gas wells and wastewater injection. In 84 days from November 2013 to January 2014, the area around Azle, Texas, shook with …
  The article Texas Earthquake Swarm Linked to Drilling, Wastewater Injection appeared first on Insurance Journal.
  
  Read more

• Blue Bell Creameries Expands Recall to All of its Products

  22-04-2015 18:15
  
  Texas-based Blue Bell Creameries has issued a voluntary recall for all of its products on the market after two samples of chocolate chip cookie dough ice cream tested positive for listeria, a potentially deadly bacteria. The company “cannot say with …
  The article Blue Bell Creameries Expands Recall to All of its Products appeared first on Insurance Journal.
  
  Read more

• Oklahoma Governor Signs Asbestos Cleanup Bill

  22-04-2015 18:08
  
  Gov. Mary Fallin has signed into law a bill she says clarifies the state Department of Labor’s role in asbestos removal projects in buildings and structures. The measure eliminates language related to asbestos abatement in private and public facilities. It …
  The article Oklahoma Governor Signs Asbestos Cleanup Bill appeared first on Insurance Journal.
  
  Read more

• Kansas Gov. Says ‘No’ to Increased Regulations on Uber Drivers

  22-04-2015 18:06
  
  Kansas Gov. Sam Brownback has vetoed a bill that would have increased regulations on ride-hailing companies like Uber, a decision that could face an override vote when the Legislature returns from its annual recess April 29. In a statement, the …
  The article Kansas Gov. Says ‘No’ to Increased Regulations on Uber Drivers appeared first on Insurance Journal.
  
  Read more

• Kansas Gov. Says ‘No’ to Expanded Uber Driver Regulation

  22-04-2015 18:06
  
  Kansas Gov. Sam Brownback has vetoed a bill that would have increased regulations on ride-hailing companies like Uber, a decision that could face an override vote when the Legislature returns from its annual recess April 29. In a statement, the …
  The article Kansas Gov. Says ‘No’ to Expanded Uber Driver Regulation appeared first on Insurance Journal.
  
  Read more

• Soft commercial property/casualty insurance market continues

  22-04-2015 18:04
  
  Large accounts felt the greatest effects as the commercial property/casualty insurance market continued to soften during the first quarter of 2015, according to a study released Wednesday by the Council of Insurance Agents & Brokers.
  
  Read more

• Texas Home Insurers Seek Lawsuit Protection Despite Healthy Profits

  22-04-2015 18:02
  
  Texas home insurers saw a third straight year of healthy profits in 2014 due to higher rates and fewer severe storms across the state. But The Dallas Morning News reports a rising tide of lawsuits filed by homeowners in recent …
  The article Texas Home Insurers Seek Lawsuit Protection Despite Healthy Profits appeared first on Insurance Journal.
  
  Read more

• Nevada Uber Regulation Bill That Failed Senate Shows Signs of Life

  22-04-2015 17:53
  
  A bill that would allow for ridesharing companies such as Uber in Nevada is showing signs of life after failing a vote of the Nevada Senate. SB439 was granted a deadline waiver on Monday, meaning it can be reconsidered at …
  The article Nevada Uber Regulation Bill That Failed Senate Shows Signs of Life appeared first on Insurance Journal.
  
  Read more

• Snow Tire Requirement on Colorado Highway Fails

  22-04-2015 17:51
  
  Colorado drivers won’t need snow tires or chains to drive on Interstate 70 next winter. Negotiations at the state Capitol broke down Tuesday morning when lawmakers from the House and Senate tried to broker an agreement on a snow tire …
  The article Snow Tire Requirement on Colorado Highway Fails appeared first on Insurance Journal.
  
  Read more

• Insurance CIOs more pessimistic about finding attractive investment opportunities

  22-04-2015 17:48
  
  Insurance companies are more pessimistic than they’ve been in years about finding attractive investment opportunities due to global monetary policies pushing yields to ultra-low or even negative levels, said the annual Goldman Sachs Asset...
  
  Read more

• CIAB Survey shows drop in commercial P&C pricing in 1st quarter 2015

  22-04-2015 17:30
  Carriers were eager to book new business and were more open to negotiation
  
  Read more

• Compwest Names Pedroza Business Development Consultant in California

  22-04-2015 17:27
  
  CompWest Insurance Co. has hired Edward Pedroza as a business development consultant in its Northern Los Angeles/Inland Empire territory. Pedroza will be responsible for account underwriting, agency relationships and overall territory management. Pedroza has more than 20 years of insurance …
  The article Compwest Names Pedroza Business Development Consultant in California appeared first on Insurance Journal.
  
  Read more

• Cannasure in Westlake among marijuana industry's largest insurance brokers: 5 ... - cleveland.com (blog)

  22-04-2015 17:26
  
  cleveland.com (blog)
  Cannasure in Westlake among marijuana industry's largest insurance brokers: 5 ...
  cleveland.com (blog)
  WESTLAKE, Ohio — Marijuana is not yet legal in Ohio. But Westlake-based Cannasure LLC, is one of the top marijuana insurance companies in the United States. Thousands of businesses nationwide are benefiting from the marijuana industry's rapid growth, ...
  
  Read more

• Here is your 6-step hurricane season checklist for 2015

  22-04-2015 17:15
  The Atlantic Hurricane season runs from June 1st through November 30th. Are you ready? Are your clients?
  
  Read more

• Here is your 5-step hurricane season checklist for 2015

  22-04-2015 17:15
  Atlantic Hurricane season runs from June 1st through November 30th. Are you ready? Are your clients?
  
  Read more

• New York Holds Line on Volunteer Firefighters After Declines

  22-04-2015 16:56
  
  More new firefighters are volunteering in New York state after years of declining membership, though companies are still seeking recruits to meet more calls. Fire companies statewide attracted 12,665 new volunteers in 2011 and 2012 amid aggressive recruiting efforts, according …
  The article New York Holds Line on Volunteer Firefighters After Declines appeared first on Insurance Journal.
  
  Read more

• Plymouth Rock Survey: 1 in 3 N.J. Drivers Report Having Texted While Driving

  22-04-2015 16:44
  
  An annual study released this week by Plymouth Rock Assurance shows that 33 percent of New Jersey motorists surveyed admit to having read/texted messages while driving in the past. Plymouth Rock says that’s the highest percentage recorded since the company …
  The article Plymouth Rock Survey: 1 in 3 N.J. Drivers Report Having Texted While Driving appeared first on Insurance Journal.
  
  Read more

• 10 U.S. cities millennials can actually afford to live in

  22-04-2015 16:41
  Millennials may be ready to buy—financially, psychologically, biologically—but unable to afford the cities in which they hope to live.
  
  Read more

• House Expected to Pass Cyber Threat Sharing Bill Today

  22-04-2015 16:32
  
  The U.S. House of Representatives is expected to consider, and pass, on Wednesday a long-awaited bill that would make it easier for companies to share information about cybersecurity threats with the government without fear of lawsuits. Congressional aides said on …
  The article House Expected to Pass Cyber Threat Sharing Bill Today appeared first on Insurance Journal.
  
  Read more

• United gives security expert the no-fly treatment

  22-04-2015 16:23
  
  Cyber security experts are in demand right now as all industries grapple with the evolving risk.
  
  Read more

• Ace reports lower profit as commercial insurance rates weaken

  22-04-2015 16:11
  
  Lower insurance prices and a strong dollar dented Ace Ltd.’s first quarter 2015 results.
  
  Read more

• Ex-AIG chief Greenberg presses for dismissal of fraud charges

  22-04-2015 16:10
  (Reuters) — In an effort to avoid trial, former American International Group Inc. Chairman Maurice R. Greenberg is seeking permission to ask New York's highest court to throw out the accounting fraud case against him.
  
  Read more

• The Hartford Names Bromage as Chief Marketing Officer

  22-04-2015 15:51
  
  The Hartford has named Kathy Bromage as chief marketing and communications officer. Robinson succeeds current General Counsel Alan Kreczko. Robinson will report to The Hartford’s Chairman and CEO Christopher Swift. Bromage joined The Hartford in 2004 as chief marketing and …
  The article The Hartford Names Bromage as Chief Marketing Officer appeared first on Insurance Journal.
  
  Read more

• Dog-owners' liability insurance 101 - WKBW-TV

  22-04-2015 15:37
  
  WKBW-TV
  Dog-owners' liability insurance 101
  WKBW-TV
  Marnie the dog attends Refinery29 x AOK Present: Paradiso - Day 2 on April 12, 2015 in Palm Springs, California. Jerod Harris. Image copyright 2015 Getty Images. All rights reserved. This material may not be published, broadcast, rewritten, or ...and more »
  
  Read more

• 2 N.J. Towns Get Federal Grants for Buyouts of Flood-Prone Homes

  22-04-2015 15:34
  
  Two New Jersey towns will share $7.5 million in federal grants to fund the acquisition and demolition of homes in flood-prone areas. Woodbridge will receive more than $3.8 million to buy and demolish 98 homes and Manville will receive $3.7 …
  The article 2 N.J. Towns Get Federal Grants for Buyouts of Flood-Prone Homes appeared first on Insurance Journal.
  
  Read more

• Greenberg Wants State’s High Court to Nix New York AG’s Fraud Case

  22-04-2015 15:27
  
  In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice “Hank” Greenberg is seeking permission to ask New York’s highest court to throw out the accounting fraud case against him. Greenberg, who turns 90 next month, …
  The article Greenberg Wants State’s High Court to Nix New York AG’s Fraud Case appeared first on Insurance Journal.
  
  Read more

• AIG bailout judge’s five questions seem to favor Greenberg

  22-04-2015 15:27
  Today the judge presiding over Greenberg's AIG lawsuit will hear final arguments, and if previous rulings and a final list of questions posed to both sides are any measure, he may be leaning toward Greenberg.
  
  Read more

• Miami Pop Artist Britto Charges Apple with Copyright Infringement

  22-04-2015 15:03
  
  Artist Romero Britto is suing Apple Inc. and a design firm in Miami federal court, accusing them of misusing his color-splashed images and distinctive style in marketing campaigns. The lawsuit seeks unspecified damages from Cupertino, California-based Apple and the design …
  The article Miami Pop Artist Britto Charges Apple with Copyright Infringement appeared first on Insurance Journal.
  
  Read more

• Cause of Fires at 3 Empty Homes in North Carolina Neighborhood Unknown

  22-04-2015 14:34
  
  Firefighters in North Carolina this week took on blazes at three empty homes in the same neighborhood in Fayetteville. Multiple media outlets reported that the first call came in shortly before 5 a.m. Tuesday for fires at two homes in …
  The article Cause of Fires at 3 Empty Homes in North Carolina Neighborhood Unknown appeared first on Insurance Journal.
  
  Read more

• 5 Years After Gulf Oil Spill: Is Drilling Engineering Outpacing Safety Again?

  22-04-2015 14:26
  
  Five years after the worst U.S. offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. But critics say energy companies haven’t developed …
  The article 5 Years After Gulf Oil Spill: Is Drilling Engineering Outpacing Safety Again? appeared first on Insurance Journal.
  
  Read more

• Former Georgia Mayor Faces Insurance Fraud Charges

  22-04-2015 14:02
  
  The former mayor of Milledgeville has turned himself in to face a dozen charges of insurance fraud. The Macon Telegraph reported that 52-year-old Richard Bentley was booked at Baldwin County Jail on Monday. Officers said Bentley is under arrest for …
  The article Former Georgia Mayor Faces Insurance Fraud Charges appeared first on Insurance Journal.
  
  Read more

Follow @Insurance_Newsl on Twitter!