Insurance news

• Bipartisan Lawmakers Are Open to Changes to Insurance Regulations in Dodd ... - National Journal

  28-04-2015 23:53 via nationaljournal.com
  
  National Journal
  Bipartisan Lawmakers Are Open to Changes to Insurance Regulations in Dodd ...
  National Journal
  Republican Sen. Richard Shelby and Democratic Rep. Emanuel Cleaver both said there was a possibility to discuss loosening insurance regulation in the financial-reform law. By Eric Garcia. +. Sen. Richard Shelby at a National Journal event, April 28, 2015.
  
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• Sen. Cassidy says some flood insurance recipients being charged excessive ... - NOLA.com

  28-04-2015 23:17 via nola.com
  
  NOLA.com
  Sen. Cassidy says some flood insurance recipients being charged excessive ...
  NOLA.com
  WASHINGTON -- Sen. Bill Cassidy, R-La., says some of his constituents are getting billed for a $250 surcharge on their federal flood insurance policies, even though the 2014 flood insurance law stipulates they should only be charged $25. The 2014 ...and more »
  
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• Everest Re looks to boost primary insurance business

  28-04-2015 22:35
  
  As it looks to diversify beyond traditional reinsurance, Hamilton, Bermuda-based Everest Re Group Ltd. on Monday reported first-quarter net income of $323 million, a 9.8% increase over the same period a year ago.
  
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• Why NC car insurance rates are the nation's lowest - Charlotte Observer (blog)

  28-04-2015 22:10 via charlotteobserver.com
  
  Lumina News
  Why NC car insurance rates are the nation's lowest
  Charlotte Observer (blog)
  Government is pretty distrusted these days, but here in North Carolina, motorists of all political stripes can rightfully sing the praises of Insurance Commissioner Wayne Goodwin and the N.C. Department of Insurance, the state officials responsible for ...
  Local lawmakers push reforms to homeowners insuranceLumina Newsall 2 news articles »
  
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• PartnerRe reports net income drop, mum on competing merger bids

  28-04-2015 22:07
  
  Amid uncertainty created by competing acquisition offers, Pembroke, Bermuda-based PartnerRe Ltd. reported first-quarter net income of $231.7 million, a 21.6% decline from the same period one year ago.
  
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• Weak investments, reinsurance prices limit Berkley profit

  28-04-2015 21:39
  
  W.R. Berkley Corp. grew its total revenue more than 2% in the first quarter of 2015, but saw its profit slip by nearly one-third due to weak investment performance.
  
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• Aetna submits 2016 rates with eye on Supreme Court subsidy ruling

  28-04-2015 21:31
  
  (Reuters) — Aetna Inc., the third-largest U.S. health insurer, is submitting 2016 individual insurance rates to state regulators but said it might need to reexamine them after the U.S.
  
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• Californians take advantage of special health insurance signup period

  28-04-2015 21:06
  
  The number of California residents who have taken advantage of a special enrollment period to opt for coverage in the state’s health insurance exchange continues to grow.
  
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• Aetna boosts profit on higher membership

  28-04-2015 20:33
  
  Aetna Inc. posted strong first-quarter 2015 earnings, driven largely by increased enrollment, the health insurer said.
  
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• California Pot Dispensary Owners Nabbed For Workers’ Comp Fraud

  28-04-2015 20:05
  
  The owners of the Green Cactus Collective Medical Marijuana Dispensary in Palmdale, Calif., were arrested on multiple felony counts of insurance fraud. Tiffany Shorter, 26, and Jabe Satterfield, 77, failed to carry workers’ comp benefits for their employees and allegedly …
  The article California Pot Dispensary Owners Nabbed For Workers’ Comp Fraud appeared first on Insurance Journal.
  
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• Inside RIMS 2015: Day Two

  28-04-2015 19:45
  Day two of RIMS 2015 in the Exhibit Hall in New Orleans, La. was full of more fun activities and networking opportunities for risk professionals.
  
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• The Zebra Quickly Compares Car Insurance Rates from Over 200 Insurers - Lifehacker

  28-04-2015 19:39 via lifehacker.com
  
  Lifehacker
  The Zebra Quickly Compares Car Insurance Rates from Over 200 Insurers
  Lifehacker
  The average person could save $368 on car insurance, but you have to shop around to do that. The Zebra makes it super simple to find a better rate. Are You Getting the Best Auto Insurance Rate at Your Provider? You'll Only Know If You Call and ...and more »
  
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• House bill would repeal health plan 'Cadillac tax'

  28-04-2015 19:37
  
  Legislation introduced in the House of Representatives Tuesday would repeal the health care reform law’s “Cadillac tax” that is to impose a 40% excise tax on group health care plan premiums exceeding $10,200 for single coverage and...
  
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• The connected home: The next frontier for P&C insurers?

  28-04-2015 19:37
  Over the next decade, the IoT is likely to penetrate quickly, connecting half of all U.S. households, filling them with data and interaction. Insurers must look at this changing landscape with a speculative eye and ask: What role do we want to play in this new ecosystem, and how do...
  
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• Ohio employers get workers comp premium payment options

  28-04-2015 19:22
  
  The Ohio Bureau of Workers’ Compensation Board of Directors has approved a plan that will give employers greater choice in how they pay their annual workers compensation premiums under the state’s revamped billing system.
  
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• Here's how to manage a successful workers comp claim

  28-04-2015 19:22
  How a workers' comp claim is managed from the outset can impact the final outcome.
  
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• Insurers buying into enterprise risk management

  28-04-2015 19:15
  
  Most insurers say their top leaders view enterprise risk management as an important business strategy that adds value to their companies, Towers Watson & Co. said in a study released Tuesday.
  
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• Global regulators’ influence over U.S. called inappropriate

  28-04-2015 19:02
  A member of the U.S. panel charged with preventing another financial crisis said he’s concerned that global regulators have too much sway over American policy, especially on insurance.
  
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• Risky Michigan drivers pay some of highest insurance premiums - Detroit Free Press

  28-04-2015 18:55 via freep.com
  
  Detroit Free Press
  Risky Michigan drivers pay some of highest insurance premiums
  Detroit Free Press
  Drivers who pick up speeding tickets and convictions for driving under the influence know their car insurance will skyrocket. But a new survey ranks the how high auto insurance premiums can climb for those with checkered records. And it shows that on ...
  High-risk drivers in New Jersey pay higher insurance penalties than in most stateslehighvalleylive.com
  How much will that speeding ticket r
  
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• Dollar falls to 2-month low as slow GDP paves way for Fed delay

  28-04-2015 18:55
  The dollar fell to a two-month low on speculation disappointing economic data will push back the Federal Reserve’s first interest-rate increase in nine years.
  
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• Venture Insurance Programs Promotes Anciborenko to CFO in Pennsylvania

  28-04-2015 18:52
  
  Venture Insurance Programs, a program administrator in West Chester, Pennsylvania, promoted Chris Anciborenko to chief financial officer. In this new role, Anciborenko is responsible for strategic financial planning and execution, budgeting and forecasting across all financial platforms, and change initiation …
  The article Venture Insurance Programs Promotes Anciborenko to CFO in Pennsylvania appeared first on Insurance Journal.
  
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• Hartford’s net income dips

  28-04-2015 18:50
  
  Hartford Financial Services Group Inc. saw a slight uptick in written premiums in the first quarter of this year, though its profit and combined ratio deteriorated slightly.
  
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• Connecticut Labor, Advocates to Honor Workers Who Died on the Job

  28-04-2015 18:41
  
  Organized labor is marking Workers Memorial Day by calling on the Connecticut legislature to pass bills intended to improve employee safety. One measure would require the state’s Department of Administrative Services to report complaints of bullying or abusive conduct among …
  The article Connecticut Labor, Advocates to Honor Workers Who Died on the Job appeared first on Insurance Journal.
  
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• Could New Insurance Players Disrupt the Market?

  28-04-2015 18:32
  
  Those with long careers in the insurance industry have seen newer entrants founder on the shoals of our business. Many well-intentioned outsiders don’t understand the innate complexities of the insurance ecosystem – complexities such as the long tail of liability …
  The article Could New Insurance Players Disrupt the Market? appeared first on Insurance Journal.
  
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• Senate passes autism insurance reform - myfox8.com

  28-04-2015 18:29 via myfox8.com
  
  myfox8.com
  Senate passes autism insurance reform
  myfox8.com
  RALEIGH, N.C. — The North Carolina Senate voted in favor of statewide autism insurance reform Tuesday, passing Senate Bill 676 in its morning session. The measure would require insurance companies to provide coverage for physician-advised autism ...
  Apodaca's autism insurance bill clears SenateAsheville Citizen-Timesall 209 news articles »
  
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• Ironshore International Forms Lead Umbrella Consortium for U.S. Companies

  28-04-2015 18:21
  
  Ironshore International’s Specialty Casualty unit of Ironshore Europe Limited (IEL), the Specialty Casualty unit and its Pembroke Lloyd’s Syndicate 4000 have joined with Lloyd’s Antares Syndicate 1274 and Markel Global Insurance to form XXV Consortium. The newly created XXV Consortium …
  The article Ironshore International Forms Lead Umbrella Consortium for U.S. Companies appeared first on Insurance Journal.
  
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• Baltimore patrolled by National Guard to stem anti-police riots

  28-04-2015 18:07
  National Guard troops moved into Baltimore after a black man’s death in police custody set off riots, prompting officials to declare a state of emergency, impose a curfew and close schools.
  
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• Louisiana Labor Force, Employment Increase

  28-04-2015 18:01
  
  Louisiana’s overall labor force and the number of those employed in the labor force both grew in March, according to not seasonally adjusted data released by the federal Bureau of Labor Statistics. The state’s civilian labor force grew by 27,906 …
  The article Louisiana Labor Force, Employment Increase appeared first on Insurance Journal.
  
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• Hurricane Sandy Judges Demand Clearing of Settlement Roadblocks

  28-04-2015 17:57
  
  Federal officials and flood insurance companies were chastised by a panel of New York judges for imposing delays on settlements with hundreds of Hurricane Sandy victims who alleged their claims were wrongfully denied or underpaid. Officials with the Federal Emergency …
  The article Hurricane Sandy Judges Demand Clearing of Settlement Roadblocks appeared first on Insurance Journal.
  
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• Oklahoma Driller to Pay $59K to Settle Disability Discrimination Suit

  28-04-2015 17:56
  
  Helmerich & Payne Inc. (H&P), a Tulsa, Okla.-based drilling contractor, will pay a former employee $59,000 to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. According to the EEOC’s lawsuit, the …
  The article Oklahoma Driller to Pay $59K to Settle Disability Discrimination Suit appeared first on Insurance Journal.
  
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• Alaska Governor Declares Disaster From Fire In Interior Village

  28-04-2015 17:54
  
  Alaska Gov. Bill Walker has declared a state disaster in response to a fire that crippled water service in the village of Alatna. The boiler fire April 15 damaged the community’s multi-purpose building and caused electrical damage that knocked out …
  The article Alaska Governor Declares Disaster From Fire In Interior Village appeared first on Insurance Journal.
  
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• Meadowbrook Insurance Shareholders Approve Acquisition by Fosun

  28-04-2015 17:51
  
  Meadowbrook Insurance Group, Inc., headquartered in Southfield, Mich., announced that the group’s shareholders have formally approved the pending acquisition of Meadowbrook by Fosun International Limited. Upon completion of the transaction, each share of Meadowbrook common stock will convert into the …
  The article Meadowbrook Insurance Shareholders Approve Acquisition by Fosun appeared first on Insurance Journal.
  
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• Baltimore burning: Rioters set the city ablaze, battle police

  28-04-2015 17:50
  Anti-police riots erupted across parts of Baltimore, Md. on Monday following the funeral of a man who died last week while in custody. Here's what the situation looks like on the ground.
  
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• Callis Joins Lockton’s DC Office for Political Risk, Structured Credit

  28-04-2015 17:48
  
  Lockton Companies announced that David Callis has joined its Washington, DC office as Vice President and Producer. He will “work closely with Lockton’s clients and prospects on international risk issues, sharing his deep technical expertise in political risk and structured …
  The article Callis Joins Lockton’s DC Office for Political Risk, Structured Credit appeared first on Insurance Journal.
  
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• Storm Shelter Permit Applications Rise in Moore, Oklahoma

  28-04-2015 17:44
  
  Applications to build storm shelters have spiked a month after a tornado touched down in Moore, Okla. Moore spokeswoman Deidre Ebrey says officials there have noticed an increase in the number of people applying for storm shelters since the March …
  The article Storm Shelter Permit Applications Rise in Moore, Oklahoma appeared first on Insurance Journal.
  
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• Patient Death at California Mental Facility Results in Suit

  28-04-2015 17:44
  
  A California mental health facility is being sued by the family of Kevin Turner, who was found suffocated in his bed last year. The San Luis Obispo Tribune reported the lawsuit against Atascadero State Hospital says Turner was put at risk …
  The article Patient Death at California Mental Facility Results in Suit appeared first on Insurance Journal.
  
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• Apparent Cyberattack Takes Down Hawaii Telescope Website

  28-04-2015 17:42
  
  An apparent cyberattack Sunday temporarily disrupted the main website of Thirty Meter Telescope, the organization trying to construct one of the world’s largest telescopes near the summit of Mauna Kea on Hawaii’s Big Island. Thirty Meter Telescope spokeswoman Caroline Witherspoon …
  The article Apparent Cyberattack Takes Down Hawaii Telescope Website appeared first on Insurance Journal.
  
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• Truckers at Major California Port Strike Over Wages

  28-04-2015 17:39
  
  Truck drivers who haul goods from the busiest port complex in the United States walked off the job Monday in a dispute over their wages and employee status, months after another West Coast labor conflict cost major delays in billions …
  The article Truckers at Major California Port Strike Over Wages appeared first on Insurance Journal.
  
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• Michigan Insurance Regulators Suspend Licenses of Agent, Agency

  28-04-2015 17:15
  
  The Michigan Department of Insurance and Financial Services (DIFS) has summarily suspended the licenses of insurance agent Daniel Castle and Mears Insurance Agency. Mears marketed business through the website theatreinsurance.com and the “National Community Theatre Coalition”, a theater insurance program …
  The article Michigan Insurance Regulators Suspend Licenses of Agent, Agency appeared first on Insurance Journal.
  
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• Amerisure Promotes McKenzie to Director, Service Desk and Operations

  28-04-2015 17:11
  
  Farmington Hills, Mich.-based Amerisure Mutual Insurance Co. promoted Tina McKenzie to director of service desk and operations. McKenzie will continue to be based in Farmington Hills and report to Jeff Trees, Amerisure vice president of infrastructure. McKenzie is responsible for …
  The article Amerisure Promotes McKenzie to Director, Service Desk and Operations appeared first on Insurance Journal.
  
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• Life Insurance: The Often Missed Opportunity For Wealth Management ... - Forbes

  28-04-2015 16:28 via forbes.com
  
  Forbes
  Life Insurance: The Often Missed Opportunity For Wealth Management ...
  Forbes
  For those accounting firms that embrace wealth management, the focus of their efforts, many times, is on asset management. There are a number of reasons for making investment advisory services central to their efforts including: Consistent revenues: ...
  
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• Willis strengthens European foothold with purchase of French broker

  28-04-2015 15:58
  
  Willis Group Holdings P.L.C.'s €550 million ($598.1 million) offer to acquire the remaining 70% of Puteaux, France-based broker Gras Savoye & Cie. will extend the broker's reach and access to new clients.
  
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• How Getting Married Affects Health Insurance Tax Credits - NPR (blog)

  28-04-2015 15:55 via npr.org
  
  NPR (blog)
  How Getting Married Affects Health Insurance Tax Credits
  NPR (blog)
  If you're about to tie the knot, do you know how a change in marital status could affect the credit you got toward health insurance when you were single? You could end up having to repay a big chunk of the money. Here's the question and an answer that ...
  Californians have until April 30 to buy health insurance89.3 KPCCall 40 news articles »
  
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• Journeyman: IKEA risk manager Robert Zhang talks risk management in China and identifying opportunities

  28-04-2015 15:51
  In conversation, Robert Zhang uses the word “opportunity” often—and for good reason.
  
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• 9 ways drones are being used for disaster planning, response and relief operations [Report]

  28-04-2015 15:45
  New report includes overview of potential solutions and deployment models for insurance drones.
  
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• 5 best and worst states for car insurance costs - CBS News

  28-04-2015 15:18 via cbsnews.com
  
  CBS News
  5 best and worst states for car insurance costs
  CBS News
  The summer driving season is fast approaching, which is great news if you're planning a road trip. But summer is also the busiest season when it comes to auto insurance claims, so now might be a good time to make sure that your coverage is up to date.
  Top 5 most expensive states for car insuranceChristian Science Monitor
  Will a change in law mean cheaper state car insurance?Detroit Free Press
  Which state has the highest auto
  
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• Oh, the humanity! Actuarial employment outlook for the next decade

  28-04-2015 14:43
  Once the often overlooked and underrated, Actuarial Science majors currently enjoy one of the most secure white-collared and well-paying jobs in America.
  
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• When your totaled car isn't paid off

  28-04-2015 14:34
  Gap insurance may be wise to have if you're upside down on your car loan (owe more than the car is worth).
  
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• Supreme Court to Hear Case on Limiting Consumer Lawsuits

  28-04-2015 13:42
  
  The U.S. Supreme Court will consider a business-backed bid to put new limits on Congress’s power to authorize consumer lawsuits in federal court. The justices said they will hear an appeal from the data broker Spokeo Inc. in a dispute …
  The article Supreme Court to Hear Case on Limiting Consumer Lawsuits appeared first on Insurance Journal.
  
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