Insurance news

• Genworth Buffeted in Debate Over Long-Term Care Insurance Business - TheStreet.com

  12-05-2015 23:46 via thestreet.com
  
  TheStreet.com
  Genworth Buffeted in Debate Over Long-Term Care Insurance Business
  TheStreet.com
  NEW YORK (TheStreet) -- The potential breakup of insurance giant Genworth Financial (GNW - Get Report) is leaving investors unsure of how to value its businesses -- particular long-term care insurance, which is one of its biggest. Richmond, Va.-based ...
  Genworth Units Divest Australia Mortgage Insurance StakeZacks.com
  Genworth Financial Has Sold 92.3 Million Shares In Genworth Mortgage ...Market
  
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• KACo adds cyber liability to county insurance - The Independent

  12-05-2015 23:27 via dailyindependent.com
  
  KACo adds cyber liability to county insurance
  The Independent
  GREENUP The Kentucky Association of Counties (KACo) is adding cyber liability to its insurance coverage provided to member counties beginning July 1. KACo representative Sue Porter visited the Greenup County Fiscal Court on Tuesday to explain ...
  
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• Clark Insurance Hires Lacadie as Account Manager in Maine

  12-05-2015 23:03
  
  Clark Insurance hired Darlene Lacadie as account manager in the Personal Insurance Department. She is based in Clark Insurance’s Portland, Maine, office. Lacadie is a licensed property/casualty agent and has more than 16 years of experience in the insurance industry. …
  The article Clark Insurance Hires Lacadie as Account Manager in Maine appeared first on Insurance Journal.
  
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• House approves more leeway for consumers in property insurance rate changes - WRAL.com

  12-05-2015 23:01 via wral.com
  
  WRAL.com
  House approves more leeway for consumers in property insurance rate changes
  WRAL.com
  Raleigh, N.C. — The House unanimously approved a property insurance reform bill Tuesday that provides homeowners more disclosure and more time to respond to proposed rate increases from their insurers. House Bill 182 now heads to the Senate.
  NC House OKs property insurance reform billNews & Observer (blog)all 8 news articles »
  
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• Bucks County DA gets insurance fraud unit - WFMZ Allentown

  12-05-2015 22:53 via wfmz.com
  
  WFMZ Allentown
  Bucks County DA gets insurance fraud unit
  WFMZ Allentown
  A new insurance fraud unit has been created in the Bucks County district attorney's office. It will be very effective at cutting down health, auto, homeowner, and workers comp insurance fraud, predicted Assistant District Attorney Gregg Shore, director ...
  
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• New York continues title insurance revolution - HousingWire

  12-05-2015 22:48 via housingwire.com
  
  HousingWire
  New York continues title insurance revolution
  HousingWire
  The state of New York is continuing in its push to revolutionize the title insurance industry. After recently announcing a set of new “anti-inducement” regulations designed to reign in kickbacks and “other improper expenditures” in the title insurance ...
  New York Cuts Title Insurance Rates for RefisNational Mortgage Newsall 2 news articles »
  
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• Proposed changes to Michigan's no-fault insurance "a terrible public policy ... - The Oakland Press

  12-05-2015 22:08 via theoaklandpress.com
  
  Proposed changes to Michigan's no-fault insurance "a terrible public policy ...
  The Oakland Press
  Auto accident victims, care provider and legislators are ramping up their campaign to oppose the recent proposed changes to the state's no-fault insurance policy. The proposed legislation in Lansing, Senate Bill 248, which passed through the full ...and more »
  
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• Hub International Acquires Assets of Framberger in California

  12-05-2015 21:42
  
  Hub International Ltd. has acquired the assets of Framberger Employee Benefits & Insurance Services Inc. in San Luis Obispo, Calif. Terms of the deal were not disclosed. The agency will become part of the California operations of Hub International Insurance …
  The article Hub International Acquires Assets of Framberger in California appeared first on Insurance Journal.
  
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• Senate Financial Regulation Reform Bill Unveiled

  12-05-2015 20:38
  
  The head of the Senate Banking Committee unveiled his long-awaited bill to toughen oversight of the Federal Reserve and ease the regulatory burden on dozens of banks, setting off what could be intense negotiations with Democrats. In legislation that Senator …
  The article Senate Financial Regulation Reform Bill Unveiled appeared first on Insurance Journal.
  
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• Senate Banking Chair Shelby Unveils Financial Regulation Reform Bill

  12-05-2015 20:38
  
  The head of the Senate Banking Committee unveiled his long-awaited bill to toughen oversight of the Federal Reserve and ease the regulatory burden on dozens of banks, setting off what could be intense negotiations with Democrats. In legislation that Senator …
  The article Senate Banking Chair Shelby Unveils Financial Regulation Reform Bill appeared first on Insurance Journal.
  
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• Tales From 3 Louisianans Who Got Subsidized Health Insurance - NPR

  12-05-2015 20:21 via npr.org
  
  NPR
  Tales From 3 Louisianans Who Got Subsidized Health Insurance
  NPR
  The politics of the Affordable Care Act in the state of Louisiana aren't subtle: The law isn't popular. Carlton Scott pays $266.99 per month for his subsidized health insurance plan. He worries he · Shots - Health News · What's At Stake If Supreme ...and more »
  
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• Liberty Insurance Associates Joins ANE as Equity Partner in New Jersey - Insurance Journal

  12-05-2015 20:17 via insurancejournal.com
  
  Packet Online
  Liberty Insurance Associates Joins ANE as Equity Partner in New Jersey
  Insurance Journal
  ANE (Agency Network Exchange LLC), a network of independently owned and operated insurance agencies, announced that Liberty Insurance Associates Inc., an independent agency based in Millstone Township, New Jersey, has become an equity partner ...
  Liberty Insurance Associates Joins ANE, Agency Network Exchange as Equity ...Packet Onlineall 2 news articles »
  
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• Liberty Insurance Associates Joins ANE as Equity Partner in New Jersey

  12-05-2015 20:15
  
  ANE (Agency Network Exchange LLC), a network of independently owned and operated insurance agencies, announced that Liberty Insurance Associates Inc., an independent agency based in Millstone Township, New Jersey, has become an equity partner and a part owner of ANE. …
  The article Liberty Insurance Associates Joins ANE as Equity Partner in New Jersey appeared first on Insurance Journal.
  
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• Duggan presses insurance plan despite lawmaker's arrest - The Detroit News

  12-05-2015 19:11 via detroitnews.com
  
  The Detroit News
  Duggan presses insurance plan despite lawmaker's arrest
  The Detroit News
  Duggan doesn't expect his proposal for low-cost auto insurance to be derailed by arrest of state Sen. Virgil Smith. Loading… Post to Facebook. Duggan presses insurance plan despite lawmaker's arrest Duggan doesn't expect his proposal for low-cost auto ...
  Duggan: Virgil Smith arrest won't impact insurance planDetroit Free Press
  Duggan Rolls Out Alternative Detroit Car Insurance P
  
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• Better Credit? Get Cheaper Insurance - Motley Fool

  12-05-2015 19:04 via fool.com
  NerdWallet (blog)
  Better Credit? Get Cheaper Insurance
  Motley Fool
  Most insurance companies have decided that people who have trouble paying their bills are more likely to have car accidents and file insurance claims. In other words, anyone with a bad credit history constitutes a higher risk. As a result, insurers ...
  4 Things Life Insurance Agents Know (and So Should You)NerdWallet (blog)all 5 news articles »
  
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• N.H. Gov. Hassan Appeals FEMA Decision to Deny Disaster Extension

  12-05-2015 18:59
  
  New Hampshire Gov. Maggie Hassan is appealing FEMA’s decision to deny an extension for towns’ snow-removal efforts following a blizzard in January. In March, a disaster declaration was approved for the state, ordering federal aid to help recovery efforts in …
  The article N.H. Gov. Hassan Appeals FEMA Decision to Deny Disaster Extension appeared first on Insurance Journal.
  
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• Sen. Schumer Warns NY Homeowners About Flood Insurance Surcharge - Insurance Journal

  12-05-2015 18:53 via insurancejournal.com
  
  Newsday
  Sen. Schumer Warns NY Homeowners About Flood Insurance Surcharge
  Insurance Journal
  U.S. Sen. Charles Schumer, D-N.Y., is urging the Federal Emergency Management Agency (FEMA) to make major changes to what he described as a new, unfair flood insurance rule that has led to the “misapplication of an additional fee of $250 for many ...
  Long Island families could face $250 surcharge on flood insurance, Schumer ...Newsday
  Drop $250 hidden homeowner flood insurance fee, Schumer urges FE
  
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• XL Launches Stand-Alone Automotive Parts Recall Policy

  12-05-2015 18:52
  
  XL Group has launched a stand-alone automotive parts recall policy, a tailored product designed for suppliers in the automotive industry. The policy delivers a choice of coverage to respond to the increased exposures and liabilities related to automotive recalls. Recently, …
  The article XL Launches Stand-Alone Automotive Parts Recall Policy appeared first on Insurance Journal.
  
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• Positive trends in insurance M&A activity continue

  12-05-2015 18:52
  Merger and acquisition activity in the insurance industry is increasing, although the number of deals still remains well below levels seen before the financial crisis.
  
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• Coalition Wants Well Moratorium in Oklahoma Earthquake Areas

  12-05-2015 18:49
  
  A coalition of environmental and grassroots organizations is calling for a moratorium on the use of wastewater disposal wells by the oil and natural gas industry in areas where they may trigger earthquakes. Members of the coalition traveled to the …
  The article Coalition Wants Well Moratorium in Oklahoma Earthquake Areas appeared first on Insurance Journal.
  
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• Sen. Schumer Warns N.Y. Homeowners About Flood Insurance Surcharge

  12-05-2015 18:49
  
  U.S. Sen. Charles Schumer, D-N.Y., is urging the Federal Emergency Management Agency (FEMA) to make major changes to what he described as a new, unfair flood insurance rule that has led to the “misapplication of an additional fee of $250 …
  The article Sen. Schumer Warns N.Y. Homeowners About Flood Insurance Surcharge appeared first on Insurance Journal.
  
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• North Named President, Personal Lines at Grange Insurance

  12-05-2015 18:39
  
  Grange Insurance, headquartered in Columbus, Ohio, has named John North president of personal lines. In this role, North will be responsible for the overall growth and profitability of the company’s personal lines book of business, including product development and pricing, …
  The article North Named President, Personal Lines at Grange Insurance appeared first on Insurance Journal.
  
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• ACE Enhances Excess Casualty Coverage for Middle Market Companies

  12-05-2015 18:38
  
  ACE Group has expanded its range of excess casualty corporate risk coverages to provide more extensive protection to middle market clients. The enhanced offerings, available for businesses with revenues up to $1 billion, include ACE’s new AB Umbrella Form, a …
  The article ACE Enhances Excess Casualty Coverage for Middle Market Companies appeared first on Insurance Journal.
  
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• Iowa, South Dakota Towns Assessing Tornado Damage

  12-05-2015 18:32
  
  Residents of the tornado-ravaged Iowa and South Dakota towns are beginning to assess property damage after twisters hit on Sunday. In South Dakota, he Tripp-Delmont School District called off classes on May 11 because school facilities are being used for emergency …
  The article Iowa, South Dakota Towns Assessing Tornado Damage appeared first on Insurance Journal.
  
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• Farm, Ranch Tourism Liability Bill Advances in Nebraska

  12-05-2015 18:28
  
  Farmers and ranchers who open their property to tourists could be shielded from certain lawsuits under a bill advancing by Nebraska lawmakers. Senators gave the proposal first-round approval with a 33-1 vote. Sen. Ken Schilz of Ogallala said he introduced …
  The article Farm, Ranch Tourism Liability Bill Advances in Nebraska appeared first on Insurance Journal.
  
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• Appeals Court Returns Gulf ‘Dead Zone’ Lawsuit to Judge

  12-05-2015 18:24
  
  A federal judge who ordered the Environmental Protection Agency to take action to regulate farm runoff and other pollution blamed for the Gulf of Mexico’s annual oxygen-depleted “dead zone” must take a second crack at his ruling. An appeals court …
  The article Appeals Court Returns Gulf ‘Dead Zone’ Lawsuit to Judge appeared first on Insurance Journal.
  
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• 5 Dead After Twisters Hit Texas, Arkansas

  12-05-2015 18:15
  
  Emergency responders on May 11 searched through wreckage in parts of the states of Texas and Arkansas after a line of tornadoes battered several small communities, killing at least five people, including a young couple whose daughter survived. At daybreak, as …
  The article 5 Dead After Twisters Hit Texas, Arkansas appeared first on Insurance Journal.
  
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• 2 Dead, Dozens Missing After Twisters Hit Texas, Arkansas

  12-05-2015 18:15
  
  Emergency responders searched through wreckage in parts of Texas and Arkansas early on May 11 after a line of tornadoes battered several small communities, killing a young couple whose daughter survived and injuring dozens of others. At daybreak, as many …
  The article 2 Dead, Dozens Missing After Twisters Hit Texas, Arkansas appeared first on Insurance Journal.
  
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• Liberty Mutual Reports Solid Q1 Results

  12-05-2015 18:05
  
  Despite higher catastrophe costs, Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $276 million for the three months ended March 31, 2015, an increase of $11 million or 4.2 percent over the same period in 2014. …
  The article Liberty Mutual Reports Solid Q1 Results appeared first on Insurance Journal.
  
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• Mass. Woman Paralyzed After Childbirth Awarded $35.4M in Lawsuit

  12-05-2015 17:56
  
  Officials say a Massachusetts woman who became paralyzed following childbirth has been awarded $35.4 million in a medical malpractice lawsuit. The Boston Globe reports that Andrea Larkin sought treatment for dizziness from Dedham Medical Associates after running the 2004 Boston …
  The article Mass. Woman Paralyzed After Childbirth Awarded $35.4M in Lawsuit appeared first on Insurance Journal.
  
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• What Is Catastrophic Health Insurance, And Is It Worth It? - Motley Fool

  12-05-2015 17:55 via fool.com
  Motley Fool
  What Is Catastrophic Health Insurance, And Is It Worth It?
  Motley Fool
  If you're under 30, or make too much money to qualify for Medicaid but too little money to qualify for subsidies through the Affordable Care Act, you might be wondering whether to purchase a catastrophic health insurance plan. We're here to help. Read ...
  Government Says Insurance Companies Must Cover Costs Of Birth ControlTech Timesall 9 news articles »
  
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• Suit Against New Mexico College Becomes Class Action Proceeding

  12-05-2015 17:28
  
  A New Mexico district court judge has ruled that a lawsuit filed by eight former Dona Ana Community College students against the school will become a class-action proceeding. Las Cruces Sun-News reported that the initial lawsuit was filed after the students …
  The article Suit Against New Mexico College Becomes Class Action Proceeding appeared first on Insurance Journal.
  
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• Today’s Senate Vote First Test for Fast-Track Trade Authority Obama Wants

  12-05-2015 17:18
  
  The Pacific trade agreement faces its first test in the U.S. Senate on Tuesday in a knife-edge vote that may hold the key to President Barack Obama’s diplomatic pivot to Asia. The Senate vote is one of a likely series …
  The article Today’s Senate Vote First Test for Fast-Track Trade Authority Obama Wants appeared first on Insurance Journal.
  
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• Jimcor Agencies Announces 2 Appointments in New Jersey

  12-05-2015 17:15
  
  Jimcor Agencies hired Meredith Dyson as branch manager for the firm’s Montvale, New Jersey, office. Dyson brings over 24 years of experience in wholesale, retail and reinsurance brokerage. Prior to joining Jimcor she served as senior vice president in the …
  The article Jimcor Agencies Announces 2 Appointments in New Jersey appeared first on Insurance Journal.
  
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• EPIC Acquires Sorci Insurance Brokerage in California

  12-05-2015 17:10
  
  Edgewood Partners Insurance Center has acquired Sorci Insurance Brokerage Inc., a specialist in providing comprehensive workers’ compensation insurance services to new car auto dealers in California. Sorci Insurance Brokerage is based in Los Gatos, Calif. Since The Carlyle Group became the …
  The article EPIC Acquires Sorci Insurance Brokerage in California appeared first on Insurance Journal.
  
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• Home prices increase in 85% of U.S. cities, Realtors group says

  12-05-2015 17:06
  Home prices climbed in 85% of U.S. metropolitan areas in the first quarter as low mortgage rates and the strongest labor market in almost seven years spurred demand.
  
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• El Nino: It's back

  12-05-2015 17:06
  The pattern can crimp the hurricane season in the Atlantic, bring more rain across the southern U.S. and warm some northern states.
  
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• Self-Driving Cars Getting Hit in California

  12-05-2015 17:01
  
  Four of the nearly 50 self-driving cars now rolling around California have gotten into accidents since September, when the state began issuing permits for companies to test them on public roads. Two accidents happened while the cars were in control; …
  The article Self-Driving Cars Getting Hit in California appeared first on Insurance Journal.
  
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• Texas May Create Separate 'Abortion Insurance' Today - San Antonio Current (blog)

  12-05-2015 16:49 via sacurrent.com
  
  San Antonio Current (blog)
  Texas May Create Separate 'Abortion Insurance' Today
  San Antonio Current (blog)
  A Central Texas legislator named Marsha Farney authored a bill being debated today that would require Texans to purchase separate "abortion insurance" in advance of a procedure. Her plan is to ban abortion coverage from health insurance plans ...
  
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• Some Midsize SUVs Do Poorly on Front Overlap Crash Test

  12-05-2015 16:45
  
  Three more midsize SUVs achieved good or acceptable ratings from the Insurance Institute for Highway Safety in the latest round of small overlap front crash testing. However many models, including three newly-rated SUVs from Fiat Chrysler Automobiles and one from …
  The article Some Midsize SUVs Do Poorly on Front Overlap Crash Test appeared first on Insurance Journal.
  
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• XL names Citigroup veteran chairman after Catlin deal

  12-05-2015 16:44
  XL Group, the insurer that acquired Catlin, named Citigroup veteran Eugene McQuade as chairman as the company prepares for increased regulatory scrutiny.
  
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• Exor raises PartnerRe offer in ‘final’ push to beat Axis bid

  12-05-2015 16:13
  Exor upped the ante in the takeover battle for PartnerRe, raising its bid by 5.8% in a final push to beat out rival Axis for control of the reinsurer.
  
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• 5 ways insurers can use social media to supplement direct mail campaigns

  12-05-2015 16:05
  Many insurance marketers still use traditional direct mail to acquire new customers, and many fail to integrate this essential offline initiative with social media platforms.
  
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• Nepal quake kills 36, injures many two weeks after devastation

  12-05-2015 15:58
  An earthquake in Nepal on Tuesday killed at least 36 people and injured more than 1,000, a little over two weeks after thousands died in an even more powerful temblor.
  
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• Conservative spurns Obamacare and insurance — but blames Obama now that ... - Raw Story

  12-05-2015 15:53 via rawstory.com
  
  Raw Story
  Conservative spurns Obamacare and insurance — but blames Obama now that ...
  Raw Story
  A South Carolina conservative who refused to sign up for Obamacare is going broke and blind – and he blames Obama. Luis Lang learned in late February that he had suffered a series of mini-strokes that left him with bleeding in his eyes and a partially ...
  The health-insurance conundrum, in one little anecdoteAtlanta Journal Constitution (blog)all 12 news articles »
  
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• Florida Will Not Appeal Decision Favoring Deloitte in Poe Financial Collapse

  12-05-2015 15:45
  
  The Florida Department of Financial Services (DFS) will not appeal the recent jury decision that found Deloitte & Touche not liable in the insolvency of Tampa-based Poe Financial Group following the unprecedented series of hurricanes in 2004 and 2005. In …
  The article Florida Will Not Appeal Decision Favoring Deloitte in Poe Financial Collapse appeared first on Insurance Journal.
  
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• If Rejected for Life Insurance, You Still Have Choices - NerdWallet (blog)

  12-05-2015 15:43 via nerdwallet.com
  
  NerdWallet (blog)
  If Rejected for Life Insurance, You Still Have Choices
  NerdWallet (blog)
  Imagine yourself in a tough place: You need life insurance, but a medical condition disqualifies you from coverage. So you've been eyeing guaranteed issue life insurance. Stop and read this first. The upsides of guaranteed issue life insurance policies ...and more »
  
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• Tech assets are underinsured: 39% more exposed than property assets [Report]

  12-05-2015 15:37
  And cyber risks are predicted to skyrocket over the next 5 years.
  
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• Substantial growth in non-traditional captive coverage

  12-05-2015 14:54
  There was an overall 11% rise in the number of captives writing non-traditional coverage lines in 2014.
  
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• Google says self-driving vehicles were involved in 11 accidents

  12-05-2015 14:24
  Google Inc. said its self-driving vehicles have been involved in 11 minor accidents in the six years they've been in testing, and the automobiles were never to blame for the incidents.
  
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