Insurance news

• Say goodbye to all those passwords you forgot

  14-05-2015 19:38
  Technology that identifies users without a password already exists.
  
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• Car-safety crisis grows as Honda’s recalls surpass 19 million

  14-05-2015 19:13
  The safety crisis plaguing the global automotive industry deepened as Japan’s three biggest carmakers said they would recall more than 11 million additional vehicles because of faulty air bags that can shoot shrapnel at motorists.
  
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• SEC Charges Nationwide Life Insurance With Violating Pricing Rules - Wall Street Journal

  14-05-2015 19:07 via wsj.com
  
  OctaFinance.com
  SEC Charges Nationwide Life Insurance With Violating Pricing Rules
  Wall Street Journal
  The Securities and Exchange Commission on Thursday charged Nationwide Life Insurance Co. with violating pricing rules relating to variable insurance contracts and underlying mutual funds, alleging that the company delayed mail delivery so that it didn ...
  Nationwide's mail-handling practices result in $8 million SEC settlementColumbus Business First
  SEC hits Nationwide Insurance with $8 mi
  
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• N.Y. DMV’s New Rule Allows Proof of Auto Insurance in Electronic Format

  14-05-2015 18:59
  
  The New York State Department of Motor Vehicles recently implemented a new regulation that allows motorists to show proof of auto insurance in either the paper or electronic format. The regulation went into effect on April 29, a New York State …
  The article N.Y. DMV’s New Rule Allows Proof of Auto Insurance in Electronic Format appeared first on Insurance Journal.
  
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• Fire Causes $500K in Damage to 500 Festival Parade Float

  14-05-2015 18:55
  
  A fire at an Indianapolis warehouse where floats are stored for the 500 Festival Parade has heavily damaged one of those floats. Indianapolis Fire Department spokeswoman Rita Reith says a fire on the city’s south side caused an estimated $500,000 …
  The article Fire Causes $500K in Damage to 500 Festival Parade Float appeared first on Insurance Journal.
  
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• Missouri Woman Awarded $77M in Wells Fargo Case

  14-05-2015 18:53
  
  A Missouri jury has awarded a woman $77 million in damages in a lawsuit alleging Wells Fargo Bank mismanaged her family trusts, costing her tens of millions of dollars. The St. Louis County jury, after a trial of more than …
  The article Missouri Woman Awarded $77M in Wells Fargo Case appeared first on Insurance Journal.
  
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• Michigan, Enbridge Reach Deal over 2010 Oil Spill

  14-05-2015 18:50
  
  A company responsible for one of the largest inland oil spills in U.S. history will restore or create 300 acres of wetlands as part of a sweeping agreement to improve the Kalamazoo River watershed in southwestern Michigan, state officials said. …
  The article Michigan, Enbridge Reach Deal over 2010 Oil Spill appeared first on Insurance Journal.
  
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• Citizens of Eureka Springs, Arkansas, Uphold Anti-Discrimination Ordinance

  14-05-2015 18:49
  
  Voters in a northwest Arkansas town have upheld an expanded anti-discrimination ordinance passed by the City Council in February. Preliminary results show the Eureka Springs ordinance was ratified by a 579-231 vote in a special election, according to local media …
  The article Citizens of Eureka Springs, Arkansas, Uphold Anti-Discrimination Ordinance appeared first on Insurance Journal.
  
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• Citizens of Eureka Springs, Arkansas, OK Anti-Discrimination Law

  14-05-2015 18:49
  
  Voters in a northwest Arkansas town have upheld an expanded anti-discrimination ordinance passed by the City Council in February. Preliminary results show the Eureka Springs ordinance was ratified by a 579-231 vote in a special election, according to local media …
  The article Citizens of Eureka Springs, Arkansas, OK Anti-Discrimination Law appeared first on Insurance Journal.
  
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• Asselin Joins McGowan, Donnelly & Oberheu in Austin

  14-05-2015 18:46
  
  Austin, Texas-based McGowan, Donnelly & Oberheu LLC (MDO) has added Bethany Asselin as an account executive. Asselin will be responsible for the production of new and renewal business and establishing new retail agency relationships. She has more than 10 years of …
  The article Asselin Joins McGowan, Donnelly & Oberheu in Austin appeared first on Insurance Journal.
  
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• Workers’ Comp Industry Improved in 2014 But NCCI Sees Trouble Ahead

  14-05-2015 18:44
  
  The workers’ compensation industry had a pretty good 2014 in which its combined ratio improved for the third consecutive year,  premium grew for the fourth consecutive year, and claim frequency declined about two percent. But the results in 2014 were …
  The article Workers’ Comp Industry Improved in 2014 But NCCI Sees Trouble Ahead appeared first on Insurance Journal.
  
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• 1 in 4 adults had insurance but still couldn't afford medical care - Washington Post

  14-05-2015 18:44 via washingtonpost.com
  
  International Business Times
  1 in 4 adults had insurance but still couldn't afford medical care
  Washington Post
  This post has been updated. More than 1 in 4 adults who bought insurance for themselves or their families last year had to skip needed medical care because they couldn't afford it, according to a study released Thursday by Families USA, a consumer ...
  Health Insurance Costs Under Obamacare: Premiums To Rise In 2016, Low ...International Business Times
  Study: One in four Americ
  
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• Houston Motorists Abandon Vehicles Swamped by Heavy Rain

  14-05-2015 18:42
  
  Parts of Texas have been deluged by rain that caused flooding and led to water rescues in the Houston area, while officials in North Texas are taking the unusual step of releasing water from lakes to avoid banks from being …
  The article Houston Motorists Abandon Vehicles Swamped by Heavy Rain appeared first on Insurance Journal.
  
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• South Dakota Tornado Damaged 84 Structures, Countless Trees

  14-05-2015 18:39
  
  Officials have confirmed damage to 84 structures from the tornado that ripped through the southeastern South Dakota town of Delmont on May 10. State Public Safety spokesman Tony Mangan says six of the structures were in rural areas in Douglas …
  The article South Dakota Tornado Damaged 84 Structures, Countless Trees appeared first on Insurance Journal.
  
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• South Dakota Tornado Damaged 84 Structures

  14-05-2015 18:39
  
  Officials have confirmed damage to 84 structures from the tornado that ripped through the southeastern South Dakota town of Delmont on May 10. State Public Safety spokesman Tony Mangan says six of the structures were in rural areas in Douglas …
  The article South Dakota Tornado Damaged 84 Structures appeared first on Insurance Journal.
  
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• Texas Officials Say Driver Inattentive in Fatal Bridge Crash; Review Continues

  14-05-2015 18:38
  
  Texas Department of Public Safety says investigators are still trying to determine what caused a tractor-trailer to strike a partially constructed bridge over Interstate 35 in March, leading to the death of a motorist. Senior Trooper Harpin Myers said that …
  The article Texas Officials Say Driver Inattentive in Fatal Bridge Crash; Review Continues appeared first on Insurance Journal.
  
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• Texas Driver ‘Inattentive’ in Bridge Crash; Review Ongoing

  14-05-2015 18:38
  
  Texas Department of Public Safety says investigators are still trying to determine what caused a tractor-trailer to strike a partially constructed bridge over Interstate 35 in March, leading to the death of a motorist. Senior Trooper Harpin Myers said that …
  The article Texas Driver ‘Inattentive’ in Bridge Crash; Review Ongoing appeared first on Insurance Journal.
  
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• Ifo Ekpre-Olomu and the Tricky Business of Predraft Insurance Policies - Bleacher Report

  14-05-2015 18:29 via bleacherreport.com
  
  Bleacher Report
  Ifo Ekpre-Olomu and the Tricky Business of Predraft Insurance Policies
  Bleacher Report
  About six months ago, Ifo Ekpre-Olomu was considered to be a lock as an early-round pick in the NFL draft. In October, ESPN's Mel Kiper Jr. ranked the Oregon cornerback as the best prospect in the league at that position. In November, Andy Staples of ...and more »
  
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• Ohio Manufacturer Faces $134K in Fines for Safety Violations

  14-05-2015 18:27
  
  A federal agency says a central Ohio rubber-hose manufacturer accused of 11 worker safety violations is facing proposed penalties of $134,000. The Occupational Safety and Health Administration says HBD/Thermoid Inc., based in Bellefontaine, puts workers at risk of serious injuries …
  The article Ohio Manufacturer Faces $134K in Fines for Safety Violations appeared first on Insurance Journal.
  
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• Main Street America Names Juelfs Western Region Sales Director

  14-05-2015 17:51
  
  The Main Street America Group has named Stacy Juelfs sales director for its Western region. Prior to joining Main Street America in 2013 as a business management executive for the Montana and Western South Dakota territories, Juelfs held sales and …
  The article Main Street America Names Juelfs Western Region Sales Director appeared first on Insurance Journal.
  
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• Senate Now Expected to Pass Fast-Track Authority

  14-05-2015 17:51
  
  U.S. Senate leaders agreed on a deal to move forward with President Barack Obama’s legislation to speed approval of trade agreements following a one-day rebellion by Democrats. The Senate will hold votes Thursday on two related bills sought by Democrats, …
  The article Senate Now Expected to Pass Fast-Track Authority appeared first on Insurance Journal.
  
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• Utah Jury Awards $1.4M in Death Of Man At Care Facility

  14-05-2015 17:41
  
  A jury has ordered a former nurse and a Provo, Utah care facility to pay $1.4 million for the death of a man who was given the wrong medications. Deseret News reported that 71-year-old Jack Adams, of Spanish Fork, died …
  The article Utah Jury Awards $1.4M in Death Of Man At Care Facility appeared first on Insurance Journal.
  
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• N.J. Senate Panel Passes Bill Aimed at Transparency in Sandy Aid

  14-05-2015 17:41
  
  New Jersey residents affected by Superstorm Sandy would be owed a timeline detailing when state aid would be distributed under a bill advancing in the New Jersey Legislature. The state’s Senate budget committee on Tuesday unanimously approved a bill that …
  The article N.J. Senate Panel Passes Bill Aimed at Transparency in Sandy Aid appeared first on Insurance Journal.
  
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• More Vetting for Uber Bill After Rocky Trip Through Nevada Senate

  14-05-2015 17:39
  
  Nevada Assembly members aired their concerns this week about a bill that would regulate ride-hailing companies such as Uber, a day after the measure finished its rocky trip through the Senate with an 18-1 vote. The Assembly Ways and Means Committee …
  The article More Vetting for Uber Bill After Rocky Trip Through Nevada Senate appeared first on Insurance Journal.
  
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• Family Sues Southern California Gym Over Dad’s Heart Attack

  14-05-2015 17:36
  
  A Los Angeles gym is facing a lawsuit from the three kids of a man who had a heart attack and died while working out. City News Service reports Marc Palotay’s son and two daughters filed the lawsuit earlier this …
  The article Family Sues Southern California Gym Over Dad’s Heart Attack appeared first on Insurance Journal.
  
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• Many customers shopping for new auto insurance, but few are switching

  14-05-2015 16:44
  The J.D. Power 2015 Insurance Shopping Study finds that even with increased auto insurance rates, few shoppers are actually switching providers.
  
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• 5 techniques to generate more LinkedIn sales leads

  14-05-2015 16:05
  If you want to build brand awareness, generate more leads and grow your business, social media can help.
  
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• Jobless claims in U.S. fall as 4-week average at 15-year low

  14-05-2015 15:40
  Fewer Americans than forecast filed applications for unemployment benefits last week, pushing the average over the past month to the lowest level in 15 years and underscoring labor-market strength.
  
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• AssuredPartners Acquires Jones, Raphael & Oulundsen in Connecticut

  14-05-2015 15:27
  
  AssuredPartners Inc. has acquired Jones, Raphael & Oulundsen Inc. (JRO), an independent agency based in New Britain, Connecticut. Terms of the transaction were not disclosed. JRO will continue to operate under the local leadership of Vice President Richard Oulundsen and …
  The article AssuredPartners Acquires Jones, Raphael & Oulundsen in Connecticut appeared first on Insurance Journal.
  
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• People on the move: May 14, 2015

  14-05-2015 15:24
  News from Allianz, Guy Carpenter, AIG and more.
  
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• ACE’s 10 Tips to Help Brokers Place Effective Multinational Insurance Programs

  14-05-2015 15:21
  
  When ACE Group last month launched ACE Multinational Partner, a package cover for UK & Ireland-based companies with one or more overseas subsidiary, it discovered that brokers were concerned about lack of knowledge and expertise in placing complex multinational programs. …
  The article ACE’s 10 Tips to Help Brokers Place Effective Multinational Insurance Programs appeared first on Insurance Journal.
  
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• Here are 25 tips to both prevent and manage a cyber attack

  14-05-2015 15:11
  Cyber attacks and data breaches have become a daily threat to both individuals and businesses. Protect yourself.
  
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• NTSB: Amtrak Train Was Going Double the Speed Limit Before Crash

  14-05-2015 14:57
  
  The New York-bound Amtrak train that derailed in Philadelphia, killing seven and injuring more than 200, was traveling 106 miles per hour just before the accident, more than double the speed limit, according to U.S. regulators. The engineer applied full …
  The article NTSB: Amtrak Train Was Going Double the Speed Limit Before Crash appeared first on Insurance Journal.
  
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• AEGIS London Hires Rouse as Casualty Underwriter

  14-05-2015 13:47
  
  AEGIS London has appointed Dan Rouse as casualty underwriter. He joins from broker Howden. Rouse will join the established team of London-based underwriters writing an international book of business, excluding U.S.-domiciled risks, in a broad range of industries.  He reports …
  The article AEGIS London Hires Rouse as Casualty Underwriter appeared first on Insurance Journal.
  
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• Lloyd’s Market Association Announces 2015 Board Election Results

  14-05-2015 13:01
  
  The Lloyd’s Market Association (LMA) has announced six newly elected board members. They are: Andrew Brooks, CEO, Ascot Underwriting Stephen Eccles, active underwriter, Travelers Syndicate Management Richard Harries, CEO, Atrium Underwriters Andrew McMellin, chief executive – UK & Ireland, XL Catlin …
  The article Lloyd’s Market Association Announces 2015 Board Election Results appeared first on Insurance Journal.
  
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• Oil Industry Goes to Court to Block Oil Train Safety Rules

  14-05-2015 12:38
  
  A U.S. oil industry group has launched a legal challenge to federal rules aimed at tightening safety standards in oil-by-train transport, the New York Times reported on Tuesday. The American Petroleum Institute on Monday petitioned the U.S. Court of Appeals …
  The article Oil Industry Goes to Court to Block Oil Train Safety Rules appeared first on Insurance Journal.
  
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• Beazley Launches Enhanced Management, Cyber Liability Policy for Law Firms

  14-05-2015 12:14
  
  Beazley has launched “Beazley Practice Protect,” an enhanced management liability policy for law firms, designed to confront a rapidly evolving market for counsel and legal services. Beazley Practice Protect covers both law firm partners and non-partner officers such as CEOs …
  The article Beazley Launches Enhanced Management, Cyber Liability Policy for Law Firms appeared first on Insurance Journal.
  
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• Old Mutual Q1 Sales Rise 18% on Growth in Emerging Markets Business

  14-05-2015 11:47
  
  Old Mutual plc, the London-based insurer, said first-quarter sales gained 18 percent as revenue from operations in Africa jumped by a third. Gross sales increased to 7.3 billion pounds ($11.5 billion), from 6.3 billion pounds a year earlier, Old Mutual said in a …
  The article Old Mutual Q1 Sales Rise 18% on Growth in Emerging Markets Business appeared first on Insurance Journal.
  
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• Howden Names Goh as CEO, Singapore Retail; Other Senior Execs Appointed

  14-05-2015 11:17
  
  Howden International, part of Hyperion Insurance Group, has appointed Goh Chye Huat as chief executive officer and principal officer of its Singapore retail operation, subject to regulatory approval and completion of the customary notice period with his existing employer. Goh …
  The article Howden Names Goh as CEO, Singapore Retail; Other Senior Execs Appointed appeared first on Insurance Journal.
  
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• Fitch Launches Ratings Navigator for Insurance - Reuters

  14-05-2015 11:05 via reuters.com
  Fitch Launches Ratings Navigator for Insurance
  Reuters
  (The following statement was released by the rating agency) CHICAGO, May 14 (Fitch) Fitch Ratings today launched Ratings Navigator for Insurance, a standardized, visual summary of the key factors that Fitch considers when developing an Insurer ...and more »
  
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• Generali net rises, boosted by life insurance - MarketWatch

  14-05-2015 10:47 via marketwatch.com
  
  Generali net rises, boosted by life insurance
  MarketWatch
  ROME--Italian insurance giant Assicurazioni Generali SpA's (G.MI) net profit rose 3.3% in the first quarter, boosted by higher earnings in its life insurance business. Trieste-based Generali, Italy's largest insurer, said Thursday that profit rose to ...and more »
  
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• RSA Appoints Thomas as Broker Relationship Director for UK, Western Europe

  14-05-2015 10:36
  
  RSA, one of the largest UK commercial insurers, has appointed Owen Thomas as relationship director, effective May 13. In this newly created role, Thomas will have responsibility for leading the top broker relationships across UK and western Europe, with an …
  The article RSA Appoints Thomas as Broker Relationship Director for UK, Western Europe appeared first on Insurance Journal.
  
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• Eight Florida Residents Arrested for Involvement in PIP Fraud Scam

  14-05-2015 10:00
  
  Eight Broward County, Fla., residents have been arrested for PIP (personal injury protection) fraud after an investigation by the Department of Financial Services’ Division of Insurance Fraud revealed the individuals had staged a motor vehicle accident in Fort Lauderdale using …
  The article Eight Florida Residents Arrested for Involvement in PIP Fraud Scam appeared first on Insurance Journal.
  
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• Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities

  14-05-2015 09:58
  
  Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss accumulations arising from liability portfolios. Named PRIMO, the facility responds to increasing …
  The article Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities appeared first on Insurance Journal.
  
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• Willis Re Launches $400M Global Reinsurance Facility to Cover Catastrophic Liabilities

  14-05-2015 09:58
  
  Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss accumulations arising from liability portfolios. Named PRIMO, the facility responds to increasing …
  The article Willis Re Launches $400M Global Reinsurance Facility to Cover Catastrophic Liabilities appeared first on Insurance Journal.
  
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• Update: Generali Q1 Operating Profit Rises 6% to $1.5B on Investment Income

  14-05-2015 09:43
  
  Assicurazioni Generali SpA, Italy’s biggest insurer, reported the highest quarterly operating profit in seven years, spurred by a surge in investment income. Profit in the three months to March climbed 6 percent to 1.3 billion euros ($1.5 billion), the Trieste-based …
  The article Update: Generali Q1 Operating Profit Rises 6% to $1.5B on Investment Income appeared first on Insurance Journal.
  
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• Generali Q1 Operating Profit Rises 6% to $1.5 Billion on Investment Income

  14-05-2015 09:43
  
  Assicurazioni Generali SpA, Italy’s biggest insurer, reported the highest quarterly operating profit in seven years, spurred by a surge in investment income. Profit in the three months to March climbed 6 percent to 1.3 billion euros ($1.5 billion), the Trieste-based …
  The article Generali Q1 Operating Profit Rises 6% to $1.5 Billion on Investment Income appeared first on Insurance Journal.
  
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• Generali First-Quarter Profit Rises 3.3% to $775 Million

  14-05-2015 09:43
  
  Assicurazioni Generali SpA, Italy’s biggest insurer, said first-quarter profit rose 3.3 percent as higher life earnings outweighed a drop at its non-life business. Net income increased to 682 million euros ($775 million) from 660 million euros a year earlier, Trieste-based …
  The article Generali First-Quarter Profit Rises 3.3% to $775 Million appeared first on Insurance Journal.
  
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• Growing Yemen War Risk Threatens Vital Sea Routes; Premiums Likely to Jump

  14-05-2015 09:30
  
  With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily. Millions of barrels of oil pass through the Bab el-Mandeb and …
  The article Growing Yemen War Risk Threatens Vital Sea Routes; Premiums Likely to Jump appeared first on Insurance Journal.
  
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• Fayetteville scooter insurance law takes effect - Arkansas Online

  14-05-2015 08:26 via arkansasonline.com
  
  Arkansas Online
  Fayetteville scooter insurance law takes effect
  Arkansas Online
  FAYETTEVILLE -- The Police Department is reminding residents of a new ordinance requiring scooter drivers to insure their vehicles. The law went into effect Sunday, but, according to a department news release, officers won't start issuing citations for ...and more »
  
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