Insurance news

• Transgender funeral home director's EEOC suit can proceed

  24-04-2015 23:18
  
  A federal judge has refused to dismiss a U.S. Equal Employment Opportunity Commission lawsuit filed on behalf of a funeral home director who allegedly was terminated because she is transgender.
  
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• Uber insurance bill passes Senate - Tallahassee.com

  24-04-2015 22:20
  
  Tallahassee.com
  Uber insurance bill passes Senate
  Tallahassee.com
  A Senate plan that places insurance requirements on app-based transportation services like Uber and Lyft is now poised to move to the House, which is set to take up its own plan today. By a vote of 28-12, the Senate passed Sen. David Simmons' SB 1298, ...
  New Baker bill allows Uber, Lyft to operate legally -- with insuranceBoston Herald
  Gov. Charlie Baker proposes regulations on Uber, Lyft requiring background ...MassLiv
  
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• Thousands take advantage of West Coast health exchange special enrollment

  24-04-2015 21:57
  Thousands of uninsured individuals in California and the state of Washington have tapped a special enrollment period to enroll in health care plans offered through the two states’ health insurance exchanges.
  
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• Energy company reaches settlement over leasing charges in Michigan

  24-04-2015 21:37
  
  (Reuters) — Chesapeake Energy Corp., the second-largest U.S.
  
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• Race bias case reinstated of clerk accused of theft, falsely arrested

  24-04-2015 20:49
  
  A federal appeals court has reinstated a race discrimination and retaliation lawsuit filed by a supermarket clerk, concluding he may have been framed for credit card theft and then falsely arrested after he complained about race discrimination.
  
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• Business-backed group says ditch insurance mandates, give everyone credits

  24-04-2015 19:52
  
  Congress should overhaul the Affordable Care Act’s insurance subsidies and scrap the individual and employer mandates, the Conference Board’s Committee for Economic Development said in a report.
  
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• Employers Names Brown Senior Vice President in California

  24-04-2015 19:14
  
  RENO, Nev.-based Employers Holdings Inc. has named Lori A. Brown senior vice president and deputy general counsel. Brown  is based out of the company’s San Francisco and Walnut Creek, Calif. offices. She is the company’s primary attorney for employment and executive …
  The article Employers Names Brown Senior Vice President in California appeared first on Insurance Journal.
  
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• Gallagher reports strong quarterly revenue on organic growth

  24-04-2015 18:49
  
  Arthur J. Gallagher & Co. saw 4.5% organic growth in its brokerage segment for the first quarter of 2015 as net income for the unit increased 11.9% over the first quarter of 2014 to $36.7 million, the broker announced Friday.
  
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• Gallagher reports strong quarterly revenue, but drop in net income

  24-04-2015 18:49
  
  Arthur J. Gallagher & Co. said Friday that first-quarter revenue was up 34.6% to $1.23 billion, but expenses grew 39.5% to $1.20 billion, hurting net income, which dropped 55.6% to $21.9 million.
  
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• Bill Banning Local Drilling Rules Passes Oklahoma House

  24-04-2015 18:45
  
  Legislation that prohibits cities and towns from regulating oil and natural gas drilling operations was approved by the Oklahoma House on April 22, one day after the Oklahoma Geological Survey said it is “very likely” that a swarm of recent …
  The article Bill Banning Local Drilling Rules Passes Oklahoma House appeared first on Insurance Journal.
  
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• Michigan Bill Would Limit Liability of Private Air Strip Owners

  24-04-2015 18:43
  
  Horse owners and private air strip operators would be exempt from liability in certain cases where people are injured under two bills that have moved through the Republican-controlled House. One bill, passed by a 79-31 vote, would add aviation to …
  The article Michigan Bill Would Limit Liability of Private Air Strip Owners appeared first on Insurance Journal.
  
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• Parents of Missouri Teen Killed by Police Sue City of Ferguson

  24-04-2015 18:42
  
  Ferguson, Mo., was sued by the family of an unarmed black teenager whose fatal shooting by a police officer triggered nationwide protests, while subsequent deaths at the hands of police fueled a national debate about how law enforcement treats minorities. …
  The article Parents of Missouri Teen Killed by Police Sue City of Ferguson appeared first on Insurance Journal.
  
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• Bird Flu ‘Catastrophe’ Mounts in Midwest

  24-04-2015 18:41
  
  Deadly bird flu swelled in the poultry industry in Minnesota and neighboring Wisconsin amid speculation that winds may be carrying virus particles into facilities housing turkeys and chickens. “This is a catastrophe for both the turkey and the egg industries,” …
  The article Bird Flu ‘Catastrophe’ Mounts in Midwest appeared first on Insurance Journal.
  
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• Bird Flu ‘Catastrophe’ Growing in Midwest

  24-04-2015 18:41
  
  Deadly bird flu swelled in the poultry industry in Minnesota and neighboring Wisconsin amid speculation that winds may be carrying virus particles into facilities housing turkeys and chickens. “This is a catastrophe for both the turkey and the egg industries,” …
  The article Bird Flu ‘Catastrophe’ Growing in Midwest appeared first on Insurance Journal.
  
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• Exxon Mobil Subsidiaries to Pay Nearly $5M for Arkansas Pipeline Spill

  24-04-2015 18:38
  
  Two subsidiaries of Exxon Mobil must pay almost $5 million in penalties for state and federal violations involving the 2013 Mayflower oil spill in central Arkansas, according to a consent decree filed in federal court Wednesday. The decree brokered between …
  The article Exxon Mobil Subsidiaries to Pay Nearly $5M for Arkansas Pipeline Spill appeared first on Insurance Journal.
  
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• Measure Would Ban Red Light Cameras in Texas

  24-04-2015 18:37
  
  Texas could put red light cameras in the rearview mirror under a bill that has cleared the Texas Senate. Republican Sen. Bob Hall said that red light cameras “have failed miserably” before his bill was sent over to the House. …
  The article Measure Would Ban Red Light Cameras in Texas appeared first on Insurance Journal.
  
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• Ruling in Post-Katrina Flooding Suit Expected in Early May

  24-04-2015 18:37
  
  A decade-old lawsuit seeking damages from the U.S. government over flooding from Hurricane Katrina and other storms is moving closer to resolution, and a judge’s latest filing indicates that at least some damages will be ordered. Judge Susan Braden of …
  The article Ruling in Post-Katrina Flooding Suit Expected in Early May appeared first on Insurance Journal.
  
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• Construction firms caught misclassifying workers must pay up

  24-04-2015 18:26
  
  The U.S. Department of Labor says a federal investigation has led 16 Utah and Arizona businesses to pay $700,000 in back wages, damages, penalties and other fees for misclassifying construction workers as company owners rather than employees.
  
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• 2 Former Women’s Basketball Players Sue Utah College

  24-04-2015 17:49
  
  Two former Dixie State University women’s basketball players are accusing the Utah college of racial, sexual and religious discrimination in a federal lawsuit. The Spectrum newspaper in St. George reported the two ex-players accuse former women’s basketball coach Catherria Turner …
  The article 2 Former Women’s Basketball Players Sue Utah College appeared first on Insurance Journal.
  
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• Suit Says Southwest Failed in Medical Emergency Over California

  24-04-2015 17:46
  
  A woman filed a wrongful-death lawsuit this week against Southwest Airlines, claiming crew members mistook her husband’s medical emergency for unruly behavior aboard a California flight and didn’t assist him. Richard Ilczyszyn, 46, was found unconscious after the flight from Oakland …
  The article Suit Says Southwest Failed in Medical Emergency Over California appeared first on Insurance Journal.
  
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• Nasdaq to settle Facebook IPO lawsuit for $26.5 million

  24-04-2015 17:45
  
  (Reuters) — In a first for a U.S. stock exchange, Nasdaq OMX Group Inc. on Thursday agreed to pay $26.5 million to settle a class action lawsuit involving its bungling of Facebook Inc.'
  
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• Scientists: Western Migration Has Put 143M Americans in Quake-Prone Areas

  24-04-2015 17:42
  
  More than 143 million people in the mainland states now live on shaky ground, earthquake scientists say. That’s because more people have moved into the quake-prone West Coast and some quake zones were recently expanded, according to researchers from the …
  The article Scientists: Western Migration Has Put 143M Americans in Quake-Prone Areas appeared first on Insurance Journal.
  
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• AIG could fall 3.5% if Greenberg wins bailout suit

  24-04-2015 17:32
  AIG could fall as much as 3.5% if former Chairman Maurice “Hank” Greenberg wins a lawsuit against the U.S. tied to the insurer’s 2008 bailout.
  
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• Obama makes climate change pitch in 'ground zero' Florida

  24-04-2015 17:26
  Florida is particularly vulnerable to rising seas and extreme weather events, making it ground zero in the climate debate.
  
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• Winter weather cools Chubb's first-quarter results

  24-04-2015 17:24
  
  Harsh winter weather contributed to a downturn in Chubb Corp.'s first-quarter profit for 2015, the Warren, New Jersey-based insurer said.
  
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• Winter weather cools Chubb’s first-quarter results

  24-04-2015 17:24
  
  Harsh winter weather contributed to a downturn in Chubb Corp.’s first-quarter profits for 2015, the Warren, New Jersey-based insurer said.
  
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• Silicon Valley help sought as Pentagon fights cyber attacks

  24-04-2015 17:23
  The Defense Department is seeking a new collaboration with Silicon Valley to gain access to the latest technology and talent as the U.S. seeks to prevent catastrophic cyber-attacks.
  
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• North Carolina County Considers $500 Fine for Dog Bite

  24-04-2015 17:10
  
  Cumberland County commissioners are considering an ordinance to fine the owners of dogs who bite someone and causes them to need medical attention. The Fayetteville Observer reported that the proposal to impose a $500 fine received preliminary approval Monday night. …
  The article North Carolina County Considers $500 Fine for Dog Bite appeared first on Insurance Journal.
  
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• $765M NFL concussion settlement approved, former players criticize deal

  24-04-2015 17:08
  The NFL won final court approval of a $765 million settlement of ex-player head-injury claims.
  
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• California’s Armitage Given Big “I” Highest Honor

  24-04-2015 17:02
  
  The Independent Insurance Agents & Brokers has given Jim Armitage the Woodworth Memorial Award, the highest honor IIABA bestows on one of its members, during the annual Big “I” legislative conference. Armitage is vice president of Arroyo Insurance in Arcadia, …
  The article California’s Armitage Given Big “I” Highest Honor appeared first on Insurance Journal.
  
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• Companies sharing hacking data get legal shield in U.S. bill

  24-04-2015 16:58
  Companies that share information on hacking threats with each other and U.S. law enforcement would be shielded from lawsuits under a House bill passed Wednesday over the objections of privacy advocates.
  
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• How the Age of Autonomous Vehicles Will Evolve

  24-04-2015 16:56
  
  Vehicles with varying levels of self-driving capability will start to become available to consumers as early as this summer and it could then take 20 years for them to be the norm, according to a new report. The pace will …
  The article How the Age of Autonomous Vehicles Will Evolve appeared first on Insurance Journal.
  
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• What If Long Term Care Insurance Isn't For Me? - Forbes

  24-04-2015 16:00
  
  Forbes
  What If Long Term Care Insurance Isn't For Me?
  Forbes
  Last month, I took some of my own advice and shopped for long term care (LTC) insurance. The cost of long term care is like a bear lurking in the woods to most of us. Is it even likely to affect me? If it does, how long will I need care? And most ...
  4 Secrets to Buying Long-Term-Care InsuranceKiplinger Personal Finance
  Long Term Care Insurance Association New Video Focuses on Getting Best CostPR.com (press release)
  MAGA Ltd., Lon
  
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• Truth or fiction? Dispelling 8 auto insurance myths

  24-04-2015 15:15
  When purchasing car insurance, it’s important to understand the factors that affect your car insurance premium rates and coverage.
  
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• Truth or ficition? Dispelling 8 auto insurance myths

  24-04-2015 15:15
  When purchasing car insurance, it’s important to understand the factors that affect your car insurance premium rates and coverage.
  
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• Pressures on reinsurance margins to continue: Munich Re chief

  24-04-2015 14:21
  Nikolaus von Bomhard, chief executive and chairman of the board of Munich Reinsurance Co., has said that the current pressures on reinsurance margins would continue, reported Artemis.bm.
  
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• G7 nations urged to consider climate insurance for poor nations

  24-04-2015 14:20
  
  Barbara Hendricks, Germany's environment minister, has urged the G7 nations to consider insurance against climate change, especially for developing countries, reported EurActiv.
  
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• Ash from volcano eruption in Chile affects flights

  24-04-2015 14:17
  An ash cloud from the eruption of Calbuco volcano in Chile has led to the cancellation of flights from nearby cities in Chile and Argentina, Reuters reported.
  
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• France faces biggest terror threat in history: Premier

  24-04-2015 14:15
  
  Manuel Valls, Prime Minister of France, has said that the country has been facing the biggest terror threat in history, reports Euronews.
  
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• Is It Worth Taking Out Pet Insurance? - Nasdaq

  24-04-2015 14:14
  Nasdaq
  Is It Worth Taking Out Pet Insurance?
  Nasdaq
  Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! Join Today. Already a member? Login. Search. Is It Worth Taking Out Pet Insurance? By Joe Young, April 24, 2015, 08:12:56 AM EDT. A A A.and more »
  
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• Malaysian Re receives central bank's nod to carry out retakaful business

  24-04-2015 14:14
  Malaysian Reinsurance Bhd. has received approval from the country's central bank to conduct retakaful business, reported Asia Insurance Review citing The Star Online.
  
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• German soccer club insured against Champions League revenue losses

  24-04-2015 14:13
  
  Sources have said that German soccer club Borussia Dortmund has been using an insurance policy to recover financial losses following its failure to qualify for the U.E.F.A. Champions League, reported Bloomberg.
  
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• Suzuki recalls 2 million vehicles globally over faulty ignition switch

  24-04-2015 14:11
  Japan-based Suzuki Motor Corp. is recalling 2 million vehicles globally to fix a problem with the ignition switch, reports Autoblog citing Automotive News.
  
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• Insurance sector roadmap likely to be approved by year’s end

  24-04-2015 14:10
  Lassaad Zarrouk, president of the Tunisian Federation of Insurance Companies, has said that the country's government is likely to approve the insurance industry roadmap by the end of 2015, reported Asia Insurance Review.
  
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• Qatar at high risk of cyber attacks during 2022 FIFA World Cup

  24-04-2015 14:08
  
  Rashmi Knowles, an official at U.S.-based RSA Security L.L.C., has said that Qatar is at high risk of cyber attacks during the FIFA World Cup in the country in 2022, reported Gulf Business.
  
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• Insurance premiums up nearly 30%

  24-04-2015 14:05
  
  Peru’s insurance premiums grew to 1.92 billion Peruvian nuevo soles ($613 million) in the first two months of 2015, up 28% from the same period in 2014, BNamericas reported.
  
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• EEOC sues Maryland Insurance Administration for sex-based pay discrimination

  24-04-2015 13:00
  Insurance regulatory agency charged with paying female investigators less than male investigators.
  
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• IRS Weighs Rules on Hedge Fund Managers’ Use of Reinsurance

  24-04-2015 12:44
  
  Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now. The Internal Revenue Service rules, released …
  The article IRS Weighs Rules on Hedge Fund Managers’ Use of Reinsurance appeared first on Insurance Journal.
  
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• Insurance you'll still need in retirement - CBS News

  24-04-2015 11:16
  
  CBS News
  Insurance you'll still need in retirement
  CBS News
  Once you're retired, you typically don't need disability or life insurance to replace your wages. You'll be living off other sources of income: your savings, any pensions, Social Security (with some exceptions -- more on that in a moment). However, you ...
  Two insurance products Millennials need to buyChristian Science Monitor
  Dog-Owners' Liability Insurance 101Fox Businessall 3 news articles »
  
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• AIA Reports 20% Hike in New Business During 1st Quarter

  24-04-2015 11:06
  
  AIA Group Ltd., the third-largest Asia-based insurer by market value, said the value of new business climbed 20 percent in the first quarter, meeting analysts’ estimates. The measure of projected future profitability of new policies increased to $425 million in the three …
  The article AIA Reports 20% Hike in New Business During 1st Quarter appeared first on Insurance Journal.
  
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