Insurance news

• Senate OKs divisive limits on hail damage insurance claims - KXAN.com

  30-04-2015 23:42 via kxan.com
  
  KXAN.com
  Senate OKs divisive limits on hail damage insurance claims
  KXAN.com
  This April 26, 2015 photo provided by Ben McMillan shows two large hailstones that fell near Rising Star, Texas, about 150 miles southwest of Dallas. (Ben McMillan via AP). Related Coverage. Texas storms cause $65M in damage to cars alone · Insurance ...
  Senate votes to curb homeowner lawsuits against insurance companiesDallas Morning News
  Senate advances limits on hail damage insurance claimsKTRK-TVall 93
  
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• Texas lawmaker gathers support to repeal health insurance fee - Houston Business Journal

  30-04-2015 23:36 via bizjournals.com
  
  Houston Business Journal
  Texas lawmaker gathers support to repeal health insurance fee
  Houston Business Journal
  The Texas Association of Health Plans is one of the biggest fans of a resolution presented to a House committee April 30 that supports federal actions to repeal a health insurance fee included in the Affordable Care Act. Kimberly Reeves: Capitol ...and more »
  
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• Stabbing Death of Insurance Executive in Simsbury Still a Mystery - NBC Connecticut

  30-04-2015 23:22 via nbcconnecticut.com
  
  NBC Connecticut
  Stabbing Death of Insurance Executive in Simsbury Still a Mystery
  NBC Connecticut
  Simsbury police have "nothing to report" on the investigation into the murder of insurance executive Melissa Millan last November. After her body was found on the jogging trail along Iron Horse Boulevard on Nov. 20, 2014, police called in detectives ...
  
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• Insurance reform backers fire back at critics - The Detroit News

  30-04-2015 22:38 via detroitnews.com
  Insurance reform backers fire back at critics
  The Detroit News
  Lansing — Auto insurance industry officials and three key state lawmakers fired back Thursday at what they said are falsehoods being spread by opponents of a Senate bill that would revamp Michigan's unique system of no-fault coverage. “One of the ...and more »
  
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• AIG to buy back $3.5 billion of stock as profit gains 53%

  30-04-2015 22:38
  First-quarter profit climbed 53% on gains at the unit selling property and casualty insurance to commercial clients.
  
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• AIG first-quarter earnings down slightly on interest rates, returns

  30-04-2015 22:29
  
  (Reuters) — American International Group Inc.'s first-quarter earnings fell slightly as low interest rates and weaker returns from alternative investments offset improvements in its commercial insurance business.
  
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• Insurers fall short on women's health coverage

  30-04-2015 22:22
  Dozens of health care plans offered through public insurance exchanges failed to meet coverage standards for women's health services established under the federal health care reform law, a new report has found.
  
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• Insurers fall short on women’s health coverage

  30-04-2015 22:22
  
  Dozens of health care plans offered through public insurance exchanges failed to meet coverage standards for women’s health services established under the federal health care reform law, a new report has found.
  
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• SEC reviewing efforts by some companies to thwart whistleblower awards

  30-04-2015 21:59
  
  (Reuters) — The U.S.
  
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• Top 10 Travel Health Insurance Companies - Investopedia

  30-04-2015 21:56 via investopedia.com
  
  Investopedia
  Top 10 Travel Health Insurance Companies
  Investopedia
  Your health insurance policy helps pay the bills if you have an illness, injury or condition that requires medical care. The exact coverage is defined by your policy, and coverage limits may vary depending on where you receive care: either in-network ...
  About India Network Health InsuranceBenzingaall 2 news articles »
  
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• Sony, Zurich settle PlayStation Network hacking case

  30-04-2015 21:42
  
  Sony Corp. of America and Zurich America Insurance Co. have reached a settlement in connection with the 2011 hacking of Sony's PlayStation Network, an attorney in the case said.
  
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• Bill could gut protections against insurance companies - WFAA

  30-04-2015 21:36 via wfaa.com
  
  WFAA
  Bill could gut protections against insurance companies
  WFAA
  A 100,000 square foot indoor sports arena in Rockwall, hit by a hail storm in 2012. (Photo: WFAA). CONNECT 11 TWEET 2 LINKEDINCOMMENTEMAILMORE. Consumer protection advocates say Texas lawmakers want to strip a consumer's right to sue ...
  
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• Reinsurance group elects new officers

  30-04-2015 21:34
  
  Henry Klecan, president and CEO of Scor U.S. Corp. has been elected chair of the Reinsurance Association of America’s board of directors for a one-year term.
  
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• Cigna profit up on strong revenue, growing customer base

  30-04-2015 21:31
  
  Cigna Corp. reported strong revenue gains and modest growth in net income for the first quarter of 2015, reflecting higher premiums and an increase in customers, the health insurer said Thursday.
  
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• ICW Group in California Names Engell Head of Data And Analytics

  30-04-2015 21:30
  
  San Diego, Calif.-based ICW Group Insurance Cos. in California has named Danny Engell vice president of enterprise strategic planning and analytics. In this newly created position Engell will report to President and CEO Kevin Prior. He will be responsible for …
  The article ICW Group in California Names Engell Head of Data And Analytics appeared first on Insurance Journal.
  
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• Red Lobster settles EEOC sexual harassment case

  30-04-2015 21:06
  
  The Equal Employment Opportunity Commission has reached a $160,000 settlement of a sexual harassment lawsuit against Red Lobster Restaurants L.L.C., in which a manager was charged with sexually harassing three female employees.
  
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• Mayweather-Pacquiao Boxing Match Tests Media Copyright

  30-04-2015 21:00
  
  With the biggest boxing match in years just days away, the fight to keep it off illegal streaming sites is well under way. HBO, Showtime, and the promoters for Manny Pacquiao and Floyd Mayweather filed a federal lawsuit on Tuesday seeking to …
  The article Mayweather-Pacquiao Boxing Match Tests Media Copyright appeared first on Insurance Journal.
  
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• XL optimistic amid dropped quarterly income, possible billion-dollar merger

  30-04-2015 20:59
  
  Hours away from a transaction closing that will reshape the company, Dublin-based XL Group P.L.C. reported weaker first quarter financial data on Wednesday.
  
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• North Dakota 'an exceptionally dangerous' place to work

  30-04-2015 20:51
  
  North Dakota had the highest job fatality rate in the nation in 2013 due to worker deaths in the oil and gas extraction and construction sectors, according to the AFL-CIO.
  
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• Trial begins in case of Oklahoma tornado victims and Farmers Insurance - kfor.com

  30-04-2015 20:51 via kfor.com
  
  kfor.com
  Trial begins in case of Oklahoma tornado victims and Farmers Insurance
  kfor.com
  MOORE, Okla. – A Moore homeowner is suing his insurance company, claiming they would not settle with him fairly after his home was heavily damaged. During opening statements on Thursday, attorney Jeff Marr told the jury that Farmers Insurance paid only ...
  Tornado Victims File Against Insurance CompanyInsurance News Netall 2 news articles »
  
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• Assurant Selling or Closing Health Insurance Division - ABC News

  30-04-2015 19:37 via abcnews.go.com
  International Business Times
  Assurant Selling or Closing Health Insurance Division
  ABC News
  The parent company of Assurant Health said it will sell or shut down the insurer, which has struggled financially since the introduction of the federal Affordable Care Act. Assurant Health, headquartered in Milwaukee, is expected to report an operating ...
  Obamacare Deadline April 30: Last Day To Buy Health Insurance Under ...International Business Times
  Assurant to Exit Employee Benefits, Health Insuran
  
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• Casino worker hurt after car hits hog eligible for comp

  30-04-2015 19:20
  
  A woman who got into a car accident with a massive wild hog while returning from a trip to an Alabama bingo hall can receive workers compensation for her injuries, the Mississippi Court of Appeals has ruled.
  
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• Insurance Stocks: Where to Invest Your Money Now - Motley Fool

  30-04-2015 19:02 via fool.com
  Motley Fool
  Insurance Stocks: Where to Invest Your Money Now
  Motley Fool
  Did you know that most insurance companies barely turn a profit from the premiums they collect? In fact, insurance companies generally try to collect just enough income from premiums to cover the money that they pay out. However, they invest that money ...
  
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• Appalachian State University wins 2015 Spencer-RIMS Risk Management Challenge

  30-04-2015 18:59
  Risk management challenge helps students understand career opportunities within risk management.
  
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• Jury Trials OK’d for Medical Lawsuits over BP spill Clean Up

  30-04-2015 18:54
  
  A federal judge in Louisiana has ruled oil spill cleanup workers who sue BP for medical problems that surface later in life have the right to make their case before a jury. The BP oil spill medical settlement reached in …
  The article Jury Trials OK’d for Medical Lawsuits over BP spill Clean Up appeared first on Insurance Journal.
  
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• BBDO Russia Encourages Slowing Down for inTouch Insurance - AgencySpy

  30-04-2015 18:50 via adweek.com
  
  AgencySpy
  BBDO Russia Encourages Slowing Down for inTouch Insurance
  AgencySpy
  While this deceptive 10-minute(!) ad from BBDO Russia Group only reveals its secret alternate narrative when viewed in fast-forward, the agency does relay a certain important message when it comes to driving: don't speed. Filled with subliminal ...and more »
  
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• Listeria Leads Ohio’s Jenis Splendid Ice Creams to Destroy 265 Tons of Product

  30-04-2015 18:49
  
  Jeni’s Splendid Ice Creams is destroying more than 265 tons of ice cream after listeria was found in the production facility and in products last week. CEO John Lowe says in a statement that the product to be destroyed amounts …
  The article Listeria Leads Ohio’s Jenis Splendid Ice Creams to Destroy 265 Tons of Product appeared first on Insurance Journal.
  
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• Inadequate Water Supply among Factors Ohio Firefighter Deaths: Report

  30-04-2015 18:48
  
  A federal agency’s draft report on a suspected arson fire that killed two Ohio firefighters last year said that an inadequate water supply was among several factors that contributed to their deaths. The report also noted shortcomings in risk assessment, …
  The article Inadequate Water Supply among Factors Ohio Firefighter Deaths: Report appeared first on Insurance Journal.
  
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• Inadequate Water Supply a Factor in Ohio Firefighter Deaths: Report

  30-04-2015 18:48
  
  A federal agency’s draft report on a suspected arson fire that killed two Ohio firefighters last year said that an inadequate water supply was among several factors that contributed to their deaths. The report also noted shortcomings in risk assessment, …
  The article Inadequate Water Supply a Factor in Ohio Firefighter Deaths: Report appeared first on Insurance Journal.
  
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• Court Fight over Dow Chemical Herbicide Widens to 15 States

  30-04-2015 18:45
  
  A court fight over use of a new Dow Chemical herbicide on genetically engineered U.S. corn and soybean crops is growing to encompass 15 Midwestern states after the company recently won federal approval for more widespread application. Conservationists, food safety …
  The article Court Fight over Dow Chemical Herbicide Widens to 15 States appeared first on Insurance Journal.
  
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• 60K Auto Insurance Claims Expected from April Hailstorms in Texas

  30-04-2015 18:39
  
  Multiple hailstorms in Texas over the second half of April are expected to result in at least 60,000 auto insurance claims, the Insurance Council of Texas reported. “Hail and windstorm claims are still coming in from almost every corner of …
  The article 60K Auto Insurance Claims Expected from April Hailstorms in Texas appeared first on Insurance Journal.
  
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• Booming life and health reinsurance unit boosts Swiss Re profit

  30-04-2015 18:37
  
  Improvements to Swiss Re Ltd.’s life and health reinsurance unit helped boost the Zurich-based reinsurer’s profits by 17% for the first quarter of this year, the company said Thursday.
  
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• El Amrani Awarded Matt Wells Producer School Scholarship

  30-04-2015 18:34
  
  Kimberly El Amrani is the recipient of The Matt Wells Scholarship for The National Alliance Producer School on May 13-15 in Tallahassee, Fla. El Amrani is the principal owner/agent with Prime Insurance Group LLC, in Henrico, Va. Selected for her …
  The article El Amrani Awarded Matt Wells Producer School Scholarship appeared first on Insurance Journal.
  
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• J.M. Wilson Promotes Councell as Fleet Underwriter

  30-04-2015 18:29
  
  Portage, Mich.-based managing general agency and surplus lines broker J.M. Wilson has promoted Jennifer Councell to fleet transportation underwriter. Specializing in 11-15 power unit accounts, Councell is responsible for quoting new and renewal business for independent insurance agents in 21 …
  The article J.M. Wilson Promotes Councell as Fleet Underwriter appeared first on Insurance Journal.
  
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• Tollenaere Joins Roach Howard Smith & Barton in Texas

  30-04-2015 18:23
  
  Joanna M. Tollenaere joins Texas-based independent insurance brokerage firm Roach Howard Smith & Barton as a commercial sales executive. She will focus on developing new client relationships and strategic partnerships with companies in both the public and private sectors. Tollenaere …
  The article Tollenaere Joins Roach Howard Smith & Barton in Texas appeared first on Insurance Journal.
  
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• Rutherfoord Hires Armwood as Senior Private Risk Account Manager in Virginia

  30-04-2015 18:14
  
  Insurance brokerage Rutherfoord, a Marsh & McLennan Agency LLC company, hired Wrenna Armwood as senior private risk account manager. Armwood is based in Rutherfoord’s Alexandria, Virginia, office. As senior private risk account manager, Armwood’s main responsibilities are to service insurance …
  The article Rutherfoord Hires Armwood as Senior Private Risk Account Manager in Virginia appeared first on Insurance Journal.
  
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• Longer-term, high-dosage opioid use an ongoing danger

  30-04-2015 18:05
  As managers of workers compensation struggle with claims costs linked to abuse of opioid painkillers, researchers are seeking better metrics to quantify dosages that are safe.
  
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• Wall Street's regulatory chief says data collection plan on hold

  30-04-2015 18:00
  (Reuters) — A controversial proposal by Wall Street’s industry-funded regulator to collect massive amounts of customer account data will not proceed until the industry’s concerns are addressed, the regulator’s chief executive will...
  
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• Health benefits leaders bracing for 'Cadillac tax'

  30-04-2015 17:55
  CHICAGO — The only way for employers to reduce their exposure to the “Cadillac tax” on high-value health care plans is to implement strategies to cut costs, though it’s likely they will still be affected, according to panelists at...
  
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• Small quake Strikes Southern California, No Damage Reports

  30-04-2015 17:41
  
  A magnitude 3.4 earthquake hit Carson, Calif. early Thursday, but no damage was reported. The quake was widely felt from downtown Los Angeles to Long Beach. It hit at 7:01 a.m. at a depth of 9.1 miles, according to the …
  The article Small quake Strikes Southern California, No Damage Reports appeared first on Insurance Journal.
  
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• Catastrophe Bonds Risk Subprime Slice-Up, Swiss Re Says

  30-04-2015 17:39
  
  Swiss Re, Europe’s second-biggest reinsurer, said regulators should prevent catastrophe bonds from being repackaged like subprime mortgages. “It’s important for traditional players like us and regulators that we make sure we don’t get into a situation where you start having …
  The article Catastrophe Bonds Risk Subprime Slice-Up, Swiss Re Says appeared first on Insurance Journal.
  
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• Jobless claims in U.S. decrease to lowest level in 15 years

  30-04-2015 17:33
  Applications for U.S. jobless benefits declined last week to the lowest level in 15 years, showing employers view a first-quarter slowdown in the economy is probably temporary.
  
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• Virginia Agency Owner Earns Wells Producer Scholarship

  30-04-2015 17:28
  
  Kimberly El Amrani is the recipient of The Matt Wells Scholarship for The National Alliance Producer School, which will be held May 13-15 in Tallahassee, Florida. She is the principal owner/agent with Prime Insurance Group, LLC, a Trusted Choice agency …
  The article Virginia Agency Owner Earns Wells Producer Scholarship appeared first on Insurance Journal.
  
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• North Carolina’s Appalachian State Wins 2015 RIMS Risk Management Challenge

  30-04-2015 17:19
  
  Appalachian State University’s risk management student team has been named the winner of the Spencer-RIMS Risk Management Challenge.  The announcement was made at the RIMS 2015 Conference & Exhibition Finale, by RIMS Executive Director Mary Roth. Established in 1979 to …
  The article North Carolina’s Appalachian State Wins 2015 RIMS Risk Management Challenge appeared first on Insurance Journal.
  
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• Figo Pet Insurance brings cloud technology to the health of your pet - Chicago Tribune

  30-04-2015 17:11 via chicagotribune.com
  
  Chicago Tribune
  Figo Pet Insurance brings cloud technology to the health of your pet
  Chicago Tribune
  About 68 percent of U.S. households own a pet, or about 150 million cats and dogs, according to the APPA National Pet Owners Survey. Less than 1 percent have pet insurance. About 68 percent of U.S. households own a pet, or about 150 million cats and ...
  
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• WCRI: Medical Payment Per Claim in California Fell Following Reforms

  30-04-2015 17:07
  
  The average medical payment per claim for treating injured workers fell by 5 percent in California in 2013, according to a study by the Workers Compensation Research Institute. The findings could reflect some early impact of the state’s reform legislation, …
  The article WCRI: Medical Payment Per Claim in California Fell Following Reforms appeared first on Insurance Journal.
  
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• Con Ed, NYC Face New Lawsuit Over 2014 Harlem Gas Explosion

  30-04-2015 17:05
  
  Consolidated Edison Inc and New York City have been hit with a new lawsuit alleging that their carelessness contributed to a 2014 gas explosion in Manhattan’s East Harlem neighborhood that killed eight people and injured more than four dozen. The …
  The article Con Ed, NYC Face New Lawsuit Over 2014 Harlem Gas Explosion appeared first on Insurance Journal.
  
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• Felony DUI Bill in Colorado Passes Key Senate Test After Changes

  30-04-2015 16:58
  
  A measure to add penalties for habitual drunken drivers has advanced in the state Senate after weeks of delay. The felony DUI bill would make a fourth DUI a felony punishable by up to six years in prison and a fine of …
  The article Felony DUI Bill in Colorado Passes Key Senate Test After Changes appeared first on Insurance Journal.
  
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• California’s Brown Wants to Battle Drought With Fine For Water Wasters

  30-04-2015 16:55
  
  California businesses and residents that waste the most water as the state copes with a drought should face $10,000 fines, Gov. Jerry Brown said, as his administration rejected calls from cities to relax its mandatory water conservation targets. The recommendation …
  The article California’s Brown Wants to Battle Drought With Fine For Water Wasters appeared first on Insurance Journal.
  
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• California Governor’s Aggressive Plan to Reduce Greenhouse Gases

  30-04-2015 16:52
  
  California would aggressively reduce greenhouse gas emissions by 2030 under an ambitious plan announced by Gov. Jerry Brown. The governor’s executive order goes further than a federal proposal also aiming to curb global warming but lacks specifics on how to …
  The article California Governor’s Aggressive Plan to Reduce Greenhouse Gases appeared first on Insurance Journal.
  
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