Insurance news

• Is long-term care insurance worth the cost? - WHIO

  20-05-2015 23:52 via whio.com
  
  WHIO
  Is long-term care insurance worth the cost?
  WHIO
  Just spend ten seconds with 84-year-old Charlayne Phillips and you would never guess that she is worried about growing older. After spending 50 years in her home, she and her 86-year-old husband recently moved to the Brookhaven Retirement Community ...
  
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• Hortica in Illinois and Sentry in Wisconsin Sign Affiliation Agreement

  20-05-2015 23:45
  
  Sentry Insurance a Mutual Co. and Florists’ Mutual Insurance Co. have entered into an affiliation agreement, under which upon completion of the affiliation and approval by the applicable insurance departments Hortica will become a member of the Sentry Insurance Group. …
  The article Hortica in Illinois and Sentry in Wisconsin Sign Affiliation Agreement appeared first on Insurance Journal.
  
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• Ignoring the Penalty for Not Buying Health Insurance - New York Times

  20-05-2015 23:44 via nytimes.com
  New York Times
  Ignoring the Penalty for Not Buying Health Insurance
  New York Times
  Obamacare's big stick doesn't seem to be scaring many people into buying health insurance. The health law includes many inducements for people to obtain health insurance — including free Medicaid coverage for many low-income Americans and ...
  When paying the Obamacare penalty is cheaper than buying insuranceSTLtoday.comall 39 news articles »
  
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• Missouri General Joins Keystone Insurers Group

  20-05-2015 23:38
  
  St. Louis, Mo.-based agency Missouri General Insurance Agency has become a franchise partner in Keystone Insurers Group. Missouri General offers business and personal insurance, and benefits and financial services. Keystone is headquartered in Northumberland, Penn., and is owned by its …
  The article Missouri General Joins Keystone Insurers Group appeared first on Insurance Journal.
  
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• It's now a crime for New Jersey drivers to register their vehicles in other states

  20-05-2015 21:50
  Trying to save on your car insurance premiums in New Jersey by lying about where you drive and garage your vehicle can now send you to prison and cost you a big fine.
  
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• List of homeowners accused of insurance fraud - Local 10

  20-05-2015 20:29 via local10.com
  
  Local 10
  List of homeowners accused of insurance fraud
  Local 10
  From top left to right, Manuel Lopez, Maray Lopez, Nelson Fernandez, Barbara Diana Beer Rivero, Yaima Sanchez, Seth Horton, Marianela Hernandez, and Roberto Leon. MIAMI-DADE COUNTY, Fla. -. The homeowners listed face charges for allegedly ...
  Sebring man among 30 people accused of insurance fraudHighlands Todayall 3 news articles »
  
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• Lawsky to Step Down as New York’s Top Financial Regulator Next Month

  20-05-2015 20:28
  
  Benjamin Lawsky will step down next month as New York’s top bank regulator after four years, during which he threatened to take away the U.S. charters of some of the world’s biggest banks and collected billions of dollars in penalties …
  The article Lawsky to Step Down as New York’s Top Financial Regulator Next Month appeared first on Insurance Journal.
  
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• California Gov. Brown signs international climate change pact

  20-05-2015 20:25
  California Gov. Jerry Brown signed a pact with 11 U.S. and international states aimed at curtailing temperature increases caused by carbon pollution.
  
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• AIG acquires ING Benefits Network to add multinational clients

  20-05-2015 20:18
  The Belgium-based operation will be renamed AIG Global Benefits Network.
  
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• Alleghany shares jump after report on possible sale of its reinsurer Transatlantic

  20-05-2015 20:11
  Alleghany rose the most since December as Reuters reported that the company was approached about the possible sale of its Transatlantic reinsurance unit.
  
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• Allstate Seeks to Recruit Over 100 New Exclusive Agency Owners in Northeast

  20-05-2015 18:59
  
  Allstate Corp. announced its plan to grow its exclusive agency count and hire more licensed sales staff and financial professionals in the Northeast region. Allstate said Monday that it seeks to appoint 63 new Allstate-exclusive agency owners, approximately 172 licensed …
  The article Allstate Seeks to Recruit Over 100 New Exclusive Agency Owners in Northeast appeared first on Insurance Journal.
  
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• Insurance Council of Texas Partners With Police For Crime Prevention Program

  20-05-2015 18:53
  
  The Insurance Council of Texas has joined the Tomball Police Department in a crime prevention campaign aimed at preventing auto thefts and burglaries. The program involves the creation and distribution of signs that read, “LOCK your car, TAKE your keys …
  The article Insurance Council of Texas Partners With Police For Crime Prevention Program appeared first on Insurance Journal.
  
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• N.Y. Says 11 Lenders Will Monitor Vacant Properties, Combat Neighborhood Blight

  20-05-2015 18:51
  
  New York regulators said Monday that 11 lenders have agreed to monitor and maintain vacant properties in an effort to protect them and combat neighborhood blight. The banks, mortgage companies and credit unions represent nearly 70 percent of the New …
  The article N.Y. Says 11 Lenders Will Monitor Vacant Properties, Combat Neighborhood Blight appeared first on Insurance Journal.
  
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• N.Y. Says 11 Lenders Will Monitor, Maintain Vacant Properties

  20-05-2015 18:51
  
  New York regulators said Monday that 11 lenders have agreed to monitor and maintain vacant properties in an effort to protect them and combat neighborhood blight. The banks, mortgage companies and credit unions represent nearly 70 percent of the New …
  The article N.Y. Says 11 Lenders Will Monitor, Maintain Vacant Properties appeared first on Insurance Journal.
  
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• Family of Boy Who Died at Michigan Farm Reaches $100K Settlement

  20-05-2015 18:43
  
  A $100,000 settlement has been reached in a federal wrongful death lawsuit by the family of one of two young people who died in 2010 after falling into a tank at a Barry County dairy farm. The Grand Rapids Press …
  The article Family of Boy Who Died at Michigan Farm Reaches $100K Settlement appeared first on Insurance Journal.
  
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• Ohio Group Unveils Plan to Deal With Cyberattacks

  20-05-2015 18:40
  
  A group of politicians, law enforcement members and business leaders has given its blueprint for how Ohio communities can deal with cyberattacks to the state Emergency Management Agency. The Columbus Dispatch reported the Cybersecurity Work Group unveiled its report on …
  The article Ohio Group Unveils Plan to Deal With Cyberattacks appeared first on Insurance Journal.
  
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• $1.25M Settlement Reached by Chicago Archdiocese, Abuse Victim

  20-05-2015 18:38
  
  An attorney says the Archdiocese of Chicago has reached a $1.25 million settlement with a man who claims he was sexually abused by a Catholic priest. Plaintiff’s attorney Eugene Hollander announced Monday the settlement was reached over the weekend. The …
  The article $1.25M Settlement Reached by Chicago Archdiocese, Abuse Victim appeared first on Insurance Journal.
  
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• Illinois Court Urged by Philip Morris to Toss $10B Smokers’ Verdict

  20-05-2015 18:35
  
  A $10.1 billion verdict against Philip Morris USA over misleading consumers about the safety of “light” cigarettes should be overturned, lawyers for the company argued in the Illinois Supreme Court. The award was first made in 2003 for a class …
  The article Illinois Court Urged by Philip Morris to Toss $10B Smokers’ Verdict appeared first on Insurance Journal.
  
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• Is Travel Insurance Worth It? As Always, Buyer Beware - The Inquisitr

  20-05-2015 18:34 via inquisitr.com
  
  The Inquisitr
  Is Travel Insurance Worth It? As Always, Buyer Beware
  The Inquisitr
  Thousands of people travel every year and are always asked to buy travel insurance. But, is travel insurance worth it? According to Philly, it depends on what kind of travel insurance you buy. Take the case of Adam Creighton, a contractor from Cottage ...
  
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• Louisiana Citizens Property Insurance Corp. Class Action Members Owed $1,640

  20-05-2015 18:27
  
  The Louisiana state treasurer is holding money for more than 4,500 people who participated in a class action lawsuit against the Citizens Property Insurance Corp. Treasurer John Kennedy says in a news release that most class action members are owed …
  The article Louisiana Citizens Property Insurance Corp. Class Action Members Owed $1,640 appeared first on Insurance Journal.
  
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• Citizens Property Insurance Corporation

  20-05-2015 18:27
  
  The Louisiana state treasurer is holding money for more than 4,500 people who participated in a class action lawsuit against the Citizens Property Insurance Corp. Treasurer John Kennedy says in a news release that most class action members are owed …
  The article Citizens Property Insurance Corporation appeared first on Insurance Journal.
  
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• Johnson & Johnson Will Pay $7.8M to Settle Arkansas Lawsuit

  20-05-2015 18:25
  
  Court filings show pharmaceutical giant Johnson & Johnson has agreed to pay $7.8 million to settle a lawsuit over how the company marketed an antipsychotic drug to Arkansas doctors. The Arkansas Democrat-Gazette reported $2 million will go to a Texas …
  The article Johnson & Johnson Will Pay $7.8M to Settle Arkansas Lawsuit appeared first on Insurance Journal.
  
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• Montana Bank and Insurer Sue Over Who Pays $24.5M Verdict

  20-05-2015 18:22
  
  First Interstate Bank and its insurer are suing each other over who gets to pay a defunct Missoula, Mont. logging company its $24.5 million verdict upheld by a state judge in April. The Missoulian reported Kelly Logging Inc. went out …
  The article Montana Bank and Insurer Sue Over Who Pays $24.5M Verdict appeared first on Insurance Journal.
  
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• Northern California Children’s Home Hit With Abuse Lawsuit

  20-05-2015 18:19
  
  A group of former foster children alleging abuses at the Valley of the Moon Children’s Home in Northern California dating back to 20 years ago has filed a lawsuit against the facility. The lawsuit was filed earlier this month in …
  The article Northern California Children’s Home Hit With Abuse Lawsuit appeared first on Insurance Journal.
  
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• Beer Bikes Bill Advances in California Legislature

  20-05-2015 18:17
  
  California lawmakers have advanced a bill that would allow so-called beer bikes to operate on streets, but leaves cities to decide if alcohol is allowed on board. The Senate this week unanimously passed the bill by Sen. Richard Pan, a …
  The article Beer Bikes Bill Advances in California Legislature appeared first on Insurance Journal.
  
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• Minor Quake Felt In Alaska Communities, No Reported Damage

  20-05-2015 18:14
  
  A light earthquake was felt across a large part of southcentral Alaska on Monday, but there were no immediate reports of damage. The Alaska Earthquake Information Center says the magnitude 4.3 quake was recorded at 7:49 a.m. in the Cook …
  The article Minor Quake Felt In Alaska Communities, No Reported Damage appeared first on Insurance Journal.
  
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• USI Acquires Personal Risk Business from BBVA Compass in Arizona

  20-05-2015 18:12
  
  USI Insurance Services has acquired the personal risk services business of BBVA Compass Insurance Agency Inc. The accounts, homeowner, automobile, umbrella and other recreational policies, will be combined into the USI Phoenix, Ariz. operations. USI offers insurance brokerage and consulting …
  The article USI Acquires Personal Risk Business from BBVA Compass in Arizona appeared first on Insurance Journal.
  
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• PartnerRe to Exor: $6.8B is unacceptable

  20-05-2015 18:04
  PartnerRe said it would engage in discussions with hostile bidder Exor to seek a better offer than the $6.8 billion proposal that the target company called “unacceptable.”
  
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• N.J. Assembly Approves Multilingual Producer Licensing Examination Bill

  20-05-2015 17:55
  
  The New Jersey Assembly passed A-4144 (An Act concerning insurance producer licensing and amending P.L.2001, c.210.) on May 14. The bill would amend the “New Jersey Insurance Producer Licensing Act of 2001″ to require the commissioner of New Jersey Department …
  The article N.J. Assembly Approves Multilingual Producer Licensing Examination Bill appeared first on Insurance Journal.
  
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• Here’s What’s Happening to Healthcare Costs for Typical Family

  20-05-2015 17:18
  
  The cost of healthcare for a typical American family of four will rise about 6.3 percent this year, or $1,456, driven in great measure by higher prescription drug prices. The latest study by the consulting and actuarial firm Milliman Inc. …
  The article Here’s What’s Happening to Healthcare Costs for Typical Family appeared first on Insurance Journal.
  
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• Q&A: FM Global’s Chris Johnson on emerging markets, lessons learned through disasters

  20-05-2015 17:07
  Senior VP, division manager, Europe/Middle East/Africa identifies the critical question a prospective client needs to answer when defining its risk profile.
  
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• Cyber risk jumps to No. 2 on Travelers Business Risk Index

  20-05-2015 16:45
  Up from fifth place last year, cyber risks ranked as the second biggest concern for all businesses.
  
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• Risk-pooling offers millennials affordable renters insurance options

  20-05-2015 16:22
  Appealing to their sense of community is an important part of reaching this market.
  
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• 24 car insurance companies ranked on shopping experience satisfaction [Report]

  20-05-2015 16:05
  Erie Insurance policyholders are the happiest with their car insurance buying experience, according to a new J.D. Power shopper study.
  
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• FAA grants two more approvals for UAV inspections

  20-05-2015 15:45
  Forensic investigation firms can now use drone technology.
  
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• Senate Bill Would Raise Amtrak Liability Limit

  20-05-2015 15:37
  
  U.S. Sen. Bill Nelson, D-Fla., has filed legislation aimed at helping victims of the May 12 deadly Amtrak derailment. Nelson’s bill would raise the current $200 million cap on the amount a passenger rail company is obligated to pay victims …
  The article Senate Bill Would Raise Amtrak Liability Limit appeared first on Insurance Journal.
  
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• Update: PartnerRe Says $6.8B EXOR Offer Unacceptable; Open to Negotiations

  20-05-2015 15:29
  
  PartnerRe Ltd. said it would engage in discussions with hostile bidder EXOR SpA to seek a better offer than the $6.8 billion proposal that the target company called “unacceptable.” “While we believe that PartnerRe is worth materially more than EXOR has offered and …
  The article Update: PartnerRe Says $6.8B EXOR Offer Unacceptable; Open to Negotiations appeared first on Insurance Journal.
  
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• Update: PartnerRe Says $6.8B EXOR Offer Unacceptable; Open to Discussions

  20-05-2015 15:29
  
  PartnerRe Ltd. said it would engage in discussions with hostile bidder EXOR SpA to seek a better offer than the $6.8 billion proposal that the target company called “unacceptable.” “While we believe that PartnerRe is worth materially more than EXOR has offered and …
  The article Update: PartnerRe Says $6.8B EXOR Offer Unacceptable; Open to Discussions appeared first on Insurance Journal.
  
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• PartnerRe Says $6.8B EXOR Offer Unacceptable, But Open to Negotiations

  20-05-2015 15:29
  
  PartnerRe Ltd. said it would engage in discussions with hostile bidder EXOR SpA to seek a better offer than the $6.8 billion proposal that it called “unacceptable.” “Although we were disappointed that EXOR has made misleading statements regarding our prior discussions, …
  The article PartnerRe Says $6.8B EXOR Offer Unacceptable, But Open to Negotiations appeared first on Insurance Journal.
  
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• Lower flood insurance premiums for some Maryland residents

  20-05-2015 15:13
  Although most flood insurance policyholders faced recent increases, residents of Talbot County, on Maryland’s Eastern Shore bordering Chesapeake Bay, have received a reduction in their flood insurance premiums.
  
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• AIG Acquires Controlling Stake in ING Employee Benefits Global Network

  20-05-2015 14:27
  
  American International Group Inc. has acquired a controlling stake in ING Employee Benefits Global Network and renamed it AIG Global Benefits Network. The network is based in Belgium. The network’s minority shareholders are Nationale-Nederlanden in the Netherlands and France’s Malakoff Mederic. Terms …
  The article AIG Acquires Controlling Stake in ING Employee Benefits Global Network appeared first on Insurance Journal.
  
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• Senate lifts insurance surcharge for violation of headlights - wipers law - MassLive.com

  20-05-2015 13:38 via masslive.com
  
  MassLive.com
  Senate lifts insurance surcharge for violation of headlights - wipers law
  MassLive.com
  Motorists at Canal and Lyman streets in Holyoke during a heavy rain in August, 2014. A new Massachusetts law requires drivers to turn on headlights any time windshield wipers are needed. Print Email · Shira Schoenberg | [email protected] By Shira ...
  Senate removes insurance surcharge from headlights lawWCVB Bostonall 20 news articles »
  
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• CNA Hardy Appoints Magnus as Senior Underwriter for Energy

  20-05-2015 13:14
  
  CNA Hardy has appointed Clive Magnus as senior underwriter for energy, reporting to Carl Day, head of energy and marine. Magnus’ appointment follows a string of senior hires in the energy and marine team, including Carl Day, Matthew Bond and Miles …
  The article CNA Hardy Appoints Magnus as Senior Underwriter for Energy appeared first on Insurance Journal.
  
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• Vienna Insurance Posts Lowest Q1 Profit Since ’09, Hit by Low Interest Rates

  20-05-2015 12:57
  
  Vienna Insurance Group AG, eastern Europe’s biggest insurer, posted its lowest first-quarter profit in six years after a slump in euro-area bond yields hit investments. Net income for the three months ended March 31 was 98.8 million euros ($109.8 million), down 18 …
  The article Vienna Insurance Posts Lowest Q1 Profit Since ’09, Hit by Low Interest Rates appeared first on Insurance Journal.
  
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• Takata Agrees to Recall 34 Million Cars for Air Bag Replacement

  20-05-2015 12:39
  
  Air-bag maker Takata Corp. gave in to U.S. regulators on Tuesday, agreeing to what will be the largest automotive recall in history as investigators continue to search for the root cause of a defect that has killed at least six …
  The article Takata Agrees to Recall 34 Million Cars for Air Bag Replacement appeared first on Insurance Journal.
  
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• Swiss Re’s New SONAR Report Identifies Top Emerging Risks

  20-05-2015 12:26
  
  De-globalization and political conflict, large natural catastrophes, financial repression and the challenge posed by the “Internet of Things” are some of the risks identified in this year’s Swiss Re’s “New emerging risk insights” report. The publication is based on the …
  The article Swiss Re’s New SONAR Report Identifies Top Emerging Risks appeared first on Insurance Journal.
  
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• Vertafore’s Answer to Google Compare for Agents

  20-05-2015 12:00
  
  Some consumers may be agog over Google Compare, but insurance industry vendors like software provider Vertafore have been working to deliver quotes and ratings more quickly and conveniently for years. That’s the message from Dave Bevan, director of product management …
  The article Vertafore’s Answer to Google Compare for Agents appeared first on Insurance Journal.
  
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• Vienna Insurance Profit Worst Since 2009 as It Battles Low Rates - Bloomberg

  20-05-2015 11:50 via bloomberg.com
  Vienna Insurance Profit Worst Since 2009 as It Battles Low Rates
  Bloomberg
  Vienna Insurance Group AG, eastern Europe's biggest insurer, posted its lowest first-quarter profit in six years after a slump in euro-area bond yields hit investments. Net income for the three months ended March 31 was 98.8 million euros ($109.8 ...
  Vienna Insurance Q1 pretax profit falls 15 pctReutersall 7 news articles »
  
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• China Arrests 7 For Faking Car Crashes To Claim Life Insurance For Dead ... - International Business Times

  20-05-2015 11:38 via ibtimes.com
  
  International Business Times
  China Arrests 7 For Faking Car Crashes To Claim Life Insurance For Dead ...
  International Business Times
  Chinese officials have arrested seven people for staging road accidents to claim insurance payouts by using recently deceased cancer patients. In this photo, an electric bicycle stops among cars while waiting at a traffic light on a hazy day in ...
  
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• Solvency II’s Impact and Its Future Analyzed at EIF Conference

  20-05-2015 11:28
  
  Solvency II – all 2000 plus pages of it – has been completed and is slated to go into force as of the first of January 2016. As befits a major reorganization of a major EU industry, it took a …
  The article Solvency II’s Impact and Its Future Analyzed at EIF Conference appeared first on Insurance Journal.
  
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