Insurance news

• 'Midnight Rider' Producer Claims Insurance Company "Sabotaged" Film - Hollywood Reporter

  04-05-2015 23:04 via hollywoodreporter.com
  
  Hollywood Reporter
  'Midnight Rider' Producer Claims Insurance Company "Sabotaged" Film
  Hollywood Reporter
  Film Allman asserts it was pushed into a settlement with Sarah Jones' family, says that Randall Miller's guilty plea doesn't mean he's guilty, and describes how it attempted to revive the rock & roll film. Two months after Midnight Rider director ...and more »
  
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• The Hanover Offers Comprehensive, Customizable Insurance Solutions for ... - MarketWatch

  04-05-2015 22:47 via marketwatch.com
  
  The Hanover Offers Comprehensive, Customizable Insurance Solutions for ...
  MarketWatch
  WORCESTER, Mass., May 4, 2015 /PRNewswire/ -- The Hanover Insurance Group, Inc. THG, -1.50% today announced it has enhanced its Hanover Builders Risk insurance coverage forms to offer more flexible, comprehensive coverages that better meet the ...
  The Hanover offers customizable insurance solutions for Builders RiskInsurance Business Reviewall 6 news articles »
  
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• Pasadena Police Officer Charged With Insurance Fraud After 'Ice Bucket ... - KTLA

  04-05-2015 21:52 via ktla.com
  
  KTLA
  Pasadena Police Officer Charged With Insurance Fraud After 'Ice Bucket ...
  KTLA
  A file photo shows a person doing the "Ice Bucket Challenge." (Credit: slgckgc/Flickr via Creative Commons). ×. Pasadena Police Officer Charged With Insurance Fraud After 'Ice Bucket Challenge' Video. A file photo shows a person doing the "Ice Bucket ...
  Pasadena Police Officer Charged With Insurance Fraud Over 'Ice Bucket ...CBS Local
  Ice Bucket Challenge leads to charges o
  
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• RIMS Report: Preparing for Risk Transfer Driven by Autonomous Vehicles

  04-05-2015 21:50
  
  Picture a work day that begins like this: You step out of your house and into your self-driving vehicle, which carries you comfortably and safely to your office while you read the newspaper. After dropping you off, the car returns …
  The article RIMS Report: Preparing for Risk Transfer Driven by Autonomous Vehicles appeared first on Insurance Journal.
  
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• Sachs: Insuring for disaster

  04-05-2015 20:15
  Professor Jeffrey Sachs addressed catastrophe coverage on Monday's New York Times op-ed page. His message: It's time for a global system of disaster insurance to help countries like Haiti and Nepal rebuild following devastating events.
  
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• Montana State Fund Lowers Rates for Upcoming Policy Year

  04-05-2015 20:03
  
  Montana State Fund’s board of directors announced an average overall 5 percent decrease in workers’ compensation rates for 2016. The decrease is for any policy with an effective date in policy year 2016, which is July 1, 2015 to July …
  The article Montana State Fund Lowers Rates for Upcoming Policy Year appeared first on Insurance Journal.
  
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• New Jersey Woman Gets Prison Term for Filing False Claims With Insurer

  04-05-2015 18:59
  
  A New Jersey woman who submitted more than $500,000 in fraudulent health care claims to her insurer is now headed to prison. State authorities say 41-year-old Donna Dzienisewski, of Middletown, received a three-year term when she was sentenced last Friday. …
  The article New Jersey Woman Gets Prison Term for Filing False Claims With Insurer appeared first on Insurance Journal.
  
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• EXOR Says Remains ‘Fully Committed’ to Spurned PartnerRe Offer

  04-05-2015 18:46
  
  Italy’s EXOR said on Monday it remained fully committed to its $6.4 billion offer for PartnerRe after the Bermuda-based reinsurer rejected its attempt to trump a rival bid by AXIS Capital Holdings. EXOR’s decision to press ahead with its offer …
  The article EXOR Says Remains ‘Fully Committed’ to Spurned PartnerRe Offer appeared first on Insurance Journal.
  
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• Participation Dwindles in Home Rebuilding Initiative in New Jersey

  04-05-2015 18:36
  
  More than 15,000 homeowners, whose properties sustained damage during Superstorm Sandy, applied for acceptance into New Jersey’s largest rebuilding initiative, the Rehabilitation, Reconstruction, Elevation and Mitigation (RREM) program. Now, almost two years after RREM began accepting applications, 8,300 remain engaged …
  The article Participation Dwindles in Home Rebuilding Initiative in New Jersey appeared first on Insurance Journal.
  
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• Oklahoma-Based The Holmes Organisation Acquired by Hub

  04-05-2015 18:31
  
  Hub International Limited (Hub) subsidiary Hub International Midwest Limited (Hub Midwest) has acquired the assets of The Holmes Organisation (Holmes), a Tulsa, Okla.-based multi-line property and casualty, employee benefits and personal lines brokerage. Terms of the acquisition were not disclosed. The …
  The article Oklahoma-Based The Holmes Organisation Acquired by Hub appeared first on Insurance Journal.
  
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• Wildfires Burn Buildings, Cause Evacuation in Central Wisconsin

  04-05-2015 18:30
  
  Six buildings caught fire and 15 homes had to be evacuated as warm weather and dry conditions helped fuel wildfires in central Wisconsin. Catherine Koele, the wildfire prevention specialist for the state Department of Resources, says three houses and three …
  The article Wildfires Burn Buildings, Cause Evacuation in Central Wisconsin appeared first on Insurance Journal.
  
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• Federal Judge Says U.S. Liable for Some Katrina Flooding in Louisiana

  04-05-2015 18:27
  
  Ruling in a nearly decade-old lawsuit, a judge in Washington said on May 1 that the federal government is responsible for some of the catastrophic flooding that followed Hurricane Katrina and other storms — flooding blamed on a now-closed navigation …
  The article Federal Judge Says U.S. Liable for Some Katrina Flooding in Louisiana appeared first on Insurance Journal.
  
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• Car Crash Records Now Available Online in South Dakota

  04-05-2015 18:26
  
  South Dakotans wanting to get copies of car crash reports can now find those records online. The state Department of Public safety says the new online system for state-reportable crash records has gone live. The new system allows users to search …
  The article Car Crash Records Now Available Online in South Dakota appeared first on Insurance Journal.
  
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• Wisconsin Governor Signs Bill Regulating Ridesharing Operations

  04-05-2015 18:24
  
  Wisconsin Gov. Scott Walker has signed a bill that creates statewide regulations on ridesharing companies such as Uber and Lyft. The measure would prohibit any local ordinances governing ride-hailing companies. Instead, the companies would have to purchase a $5,000 state …
  The article Wisconsin Governor Signs Bill Regulating Ridesharing Operations appeared first on Insurance Journal.
  
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• School Violence Liability Bill Headed to Colorado Governor

  04-05-2015 17:57
  
  Legislation to make Colorado public schools legally liable for student safety has been approved by the state House after an emotional debate. The bill has already cleared the Senate and appears likely to head to the governor’s desk. If the …
  The article School Violence Liability Bill Headed to Colorado Governor appeared first on Insurance Journal.
  
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• School Shooting Victims in New Mexico Awarded Nearly $2M

  04-05-2015 17:56
  
  Insurance carriers for the Roswell Independent School District in New Mexico have paid nearly $2 million in structured settlements to two victims of a shooting at a middle school last year. The Roswell Daily Record obtained the legal pleadings Friday …
  The article School Shooting Victims in New Mexico Awarded Nearly $2M appeared first on Insurance Journal.
  
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• Lawmakers in California to Weigh in on Rules For Medical Pot Shops

  04-05-2015 17:52
  
  The California Legislature is considering multiple – and conflicting – plans to impose the first major statewide restrictions on medical marijuana dispensaries and growers. The debate over the billion-dollar industry now regulated largely by local government and has pitted cities …
  The article Lawmakers in California to Weigh in on Rules For Medical Pot Shops appeared first on Insurance Journal.
  
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• 3.9M Quake Shakes Buildings Across Southern California

  04-05-2015 17:47
  
  A small earthquake has rattled the greater Los Angeles area, shaking buildings and waking residents ofer the weekends. There were no reports of injuries or damage. The U.S. Geological Survey says an earthquake with a preliminary magnitude of 3.9 hit …
  The article 3.9M Quake Shakes Buildings Across Southern California appeared first on Insurance Journal.
  
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• Hospital CEOs expect health exchange subsidies to be upheld

  04-05-2015 17:42
  
  Health care chiefs overwhelmingly predict the U.S. Supreme Court will rule in favor of the government in the King v.
  
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• IFG Cos. Names Denton Executive Managing Director in California

  04-05-2015 17:29
  
  IFG Cos. has named Michael R. Denton executive managing director in property. He is based in IFG’s Irvine, Calif. office. Denton assumes responsibility for leading and managing the brokerage property division, including the layered and shared property, primary property and …
  The article IFG Cos. Names Denton Executive Managing Director in California appeared first on Insurance Journal.
  
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• RIMS Report: Uber Touts Ridesharing Insurance Solution - Insurance Journal

  04-05-2015 17:09 via insurancejournal.com
  
  RIMS Report: Uber Touts Ridesharing Insurance Solution
  Insurance Journal
  In the rapid rollout of mobile app-based ridesharing services that compete with traditional taxicabs and other urban transportation, taxi businesses have bristled over the higher insurance costs they must bear compared to what drivers for Uber, Lyft ...
  
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• RIMS Report: Uber Touts Ridesharing Insurance Solution

  04-05-2015 17:04
  
  In the rapid rollout of mobile app-based ridesharing services that compete with traditional taxicabs and other urban transportation, taxi businesses have bristled over the higher insurance costs they must bear compared to what drivers for Uber, Lyft, Sidecar and other …
  The article RIMS Report: Uber Touts Ridesharing Insurance Solution appeared first on Insurance Journal.
  
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• Corporate America unleashes the drones, putting the heat on FAA

  04-05-2015 16:44
  As U.S. regulators study how to govern commercial drones, corporate America is plunging ahead on using unmanned aircraft in a bid to speed the process and win concessions on proposed restrictions.
  
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• The 5 most underutilized functions in agency management software

  04-05-2015 16:29
  When well managed, anagency management system can help maximize internal productivity and provide a better customer experience. Unfortunately, these systems are not used to their full capacity.
  
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• Berkshire profit climbs 9.8%

  04-05-2015 16:29
  Berkshire Hathaway’s first-quarter profit climbed 9.8% as lower fuel prices helped the railroad business, and investment income improved because of Buffett’s wager on Burger King.
  
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• Buffett doesn't think Berkshire is even close to being too big to fail

  04-05-2015 16:20
  Warren Buffett said his firm isn’t even close to being a too-big-to-fail risk to the economy.
  
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• FEMA Chief on Sandy Flood Insurance Claims: ‘We Want to Fix This’

  04-05-2015 16:14
  
  The head of the Federal Emergency Management Agency says he wants to fix what went wrong with the process of paying flood insurance claims following Superstorm Sandy. Craig Fugate told the first meeting of a congressional task force in Washington …
  The article FEMA Chief on Sandy Flood Insurance Claims: ‘We Want to Fix This’ appeared first on Insurance Journal.
  
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• Buffett predicts reinsurance slump as investors enter market

  04-05-2015 16:13
  Warren Buffett said he expects a slump in reinsurance results in the coming decade as investors enter the market.
  
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• GEICO to Raise Auto Insurance Premiums - Insurance Journal

  04-05-2015 16:08 via insurancejournal.com
  
  GEICO to Raise Auto Insurance Premiums
  Insurance Journal
  GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer said its underwriting profit for the first quarter was ...
  GEICO announces auto insurance price hikes for 2015Insurance Business Americaall 2 news articles »
  
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• Buffett says next Berkshire CEO should be more than stock picker

  04-05-2015 16:08
  Warren Buffett said Berkshire Hathaway should look beyond stock pickers when selecting its next CEO.
  
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• GEICO to Raise Auto Insurance Premiums

  04-05-2015 16:02
  
  GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer said its underwriting profit for the first quarter was $160 …
  The article GEICO to Raise Auto Insurance Premiums appeared first on Insurance Journal.
  
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• Fosun to buy Ironshore in $1.84B deal

  04-05-2015 15:58
  Fosun International is planning a $1.84 billion merger with Ironshore after buying the shares it doesn’t already own in the Bermuda-based insurer.
  
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• Failing to plan means planning to fail with retirement security

  04-05-2015 15:56
  The majority of Americans remain insecure about their retirement prospects, often because they don't work with a financial professional to put a formal savings, investment, and insurance plan together to account for their "golden" years, Deloitte's most recent research revealed.
  
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• PartnerRe rejects $6.4B Exor takeover offer, sticks with Axis merger

  04-05-2015 15:43
  PartnerRe rejected an unsolicited $6.4 billion takeover offer from Italy’s Exor SpA, opting to stick with merger partner Axis.
  
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• China's Fosun offers $1.8 billion for 80% of U.S. insurer

  04-05-2015 15:14
  
  (Reuters) — Fosun International Ltd., an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80% it does not already own in U.S. insurer Ironshore Inc. for $1.8 billion.
  
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• Eagles fans to get jersey insurance, because Chip Kelly - Washington Post (blog)

  04-05-2015 14:49 via washingtonpost.com
  
  Washington Post (blog)
  Eagles fans to get jersey insurance, because Chip Kelly
  Washington Post (blog)
  It must be tough to be a jersey-sporting Philadelphia Eagles fan with free-wheeling Chip Kelly calling the shots. One day you're rocking a LeSean McCoy number and then — poof! — he's traded to the Buffalo Bills. That Nick Foles jersey? It's a relic now.
  Philly area sporting goods store offering NFL jersey insuranceComcast SportsNet Philadelphia (blog)
  Report: Philly sports chain
  
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• 3 Best Life Insurance Companies to Add to Your Portfolio - TheStreet.com

  04-05-2015 14:40 via thestreet.com
  
  TheStreet.com
  3 Best Life Insurance Companies to Add to Your Portfolio
  TheStreet.com
  NEW YORK (TheStreet) -- With Berkshire Hathaway (BRK.A) holding its highly attended annual shareholders meeting this past weekend, we decided to check TheStreet Ratings to see what mid-cap insurance companies would be a good investments. After all ...and more »
  
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• Oklahoma Supreme Court declines to hear workers’ compensation opt-out lawsuit

  04-05-2015 14:27
  Action is not definitive ruling on constitutionality of opt-out.
  
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• AIG Could Follow GE’s Move to Shed ‘Too-Big-to-Fail’ Tag

  04-05-2015 14:23
  
  American International Group Inc., the insurer that received a $182.3 billion bailout, said it would weigh reshaping the company to escape the U.S. government risk tag that brings greater regulatory oversight. “The discussion of the off-ramp certainly means that there …
  The article AIG Could Follow GE’s Move to Shed ‘Too-Big-to-Fail’ Tag appeared first on Insurance Journal.
  
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• PartnerRe Rejects EXOR Offer; Confirms AXIS Deal w/ Enhanced Terms

  04-05-2015 13:39
  
  Bermuda-based PartnerRe Ltd. announced that its Board of Directors has rejected the unsolicited proposal by EXOR S.p.A. to acquire PartnerRe at a price of $130 per share, and reconfirmed its commitment to the planned merger with AXIS Capital Holdings Limited. …
  The article PartnerRe Rejects EXOR Offer; Confirms AXIS Deal w/ Enhanced Terms appeared first on Insurance Journal.
  
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• India's GIC Re anticipates Nepal quake claims to be less than $50 million

  04-05-2015 13:11
  
  General Insurance Corporation of India has estimated the worst case scenario loss from the recent Nepal earthquake to be less than $50 million, reported Business Standard.
  
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• Majority of businesses do not trust cyber insurance products: KPMG

  04-05-2015 13:09
  
  A survey by KPMG L.L.P. has found that senior security heads of businesses do not trust cyber insurance products, reported SC Magazine UK.
  
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• Pooled disaster insurance facility for APEC members proposed

  04-05-2015 13:08
  
  A pooled insurance facility to cover natural disasters has been proposed for the 21 member countries of the Asia-Pacific Economic Cooperation, reports Asia Insurance Review citing ABS-CBN.
  
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• Nepal's Insurance Board to set up monitoring team to keep tab on insurers

  04-05-2015 13:06
  
  Nepal's Insurance Board has been setting up a monitoring team to keep tab on the country's insurers to ensure that they settle claims related to the recent earthquake without delay, reported E Kantipur.
  
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• Hoarding: The ultimate trash vs. treasure challenge

  04-05-2015 13:05
  Hoarders view their belongings differently than most people, and frequently they cover every spare inch of space in a house.
  
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• Qatar Insurance wins bid to cover two airports

  04-05-2015 13:03
  
  Qatar Insurance Co. S.A.Q. has won a bid to cover the country's Hamad International Airport and Doha International Airport, reported Gulf Times.
  
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• 2015 make-or-break year for insurers

  04-05-2015 13:00
  
  Insurers in the United Arab Emirates are facing a decisive year due to a variety of factors, including more stringent regulations, reported The National.
  
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• Suez Canal Insurance wins $262 million insurance contract for oil firm

  04-05-2015 12:58
  
  Moshira Maamoun, engineering sector head of Egypt's Suez Canal Insurance Co., has said that the insurer has won a contract to insure the country's oil firm Petrojet for properties and civil liability, reports Asia Insurance Review citing Amwal Al Ghad.
  
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• Reinsurance market conditions deteriorating as reinsurers' profitability attracts capital: Fitch

  04-05-2015 12:56
  
  Fitch Ratings Ltd. has said in a report that profitable results of reinsurers "continue to attract capital to the sector, leading to deteriorating reinsurance market conditions and recent accelerated industry consolidation," reported Artemis.bm.
  
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• India mulls creation of natural disaster insurance pool

  04-05-2015 12:54
  
  The Indian government is likely to consider launching a natural disaster insurance pool following the recent Nepal earthquake, reported Hindustan Times reported.
  
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