Insurance news

• Effort to Expand Police Mental Health Coverage Progresses in Connecticut

  26-05-2015 23:35
  
  A long-running effort in Connecticut to extend workers’ compensation benefits to police officers who receive mental health injuries on the job cleared a key hurdle on May 22 after years of defeat in the General Assembly. While the bill passed …
  The article Effort to Expand Police Mental Health Coverage Progresses in Connecticut appeared first on Insurance Journal.
  
  Read more

• New York Lawmakers Look to Regulate Motorized Bicycles

  26-05-2015 22:47
  
  Two New York state lawmakers from Queens have introduced bills to regulate motorized bicycles used commercially with safety and insurance requirements. Sen. Jose Peralta and Assembly member Aravella Simotas propose that the Department of Motor Vehicles maintain a registry, establish …
  The article New York Lawmakers Look to Regulate Motorized Bicycles appeared first on Insurance Journal.
  
  Read more

• Iroquois Group Hires Fawber as Regional Manager in Pennsylvania

  26-05-2015 22:40
  
  The Iroquois Group hired Matt Fawber as regional manager in Pennsylvania. Fawber will be part of the Iroquois Group’s Mid-Atlantict team. Fawber joins Iroquois after 20 years on the carrier side of the insurance industry. He started his career with …
  The article Iroquois Group Hires Fawber as Regional Manager in Pennsylvania appeared first on Insurance Journal.
  
  Read more

• For P/C Insurers, 2014 Was Better Than Average Year

  26-05-2015 22:33
  
  Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage. However, while property/casualty insurers were not as profitable as they were in 2013, they …
  The article For P/C Insurers, 2014 Was Better Than Average Year appeared first on Insurance Journal.
  
  Read more

• Advertisement

• ING to Sell $1.3 Billion of Shares in Insurer NN Group to Institutional Investors

  26-05-2015 20:44
  
  ING Groep NV is selling a 1.2 billion-euro ($1.3 billion) stake in insurer NN Group NV as it seeks to exit the company by the end of next year. ING is selling 45 million shares of NN to institutional investors, decreasing its …
  The article ING to Sell $1.3 Billion of Shares in Insurer NN Group to Institutional Investors appeared first on Insurance Journal.
  
  Read more

• How police punish impoverished victims of car insurance scams - Boing Boing

  26-05-2015 19:47 via boingboing.net
  
  Boing Boing
  How police punish impoverished victims of car insurance scams
  Boing Boing
  Scumbags posing as car insurance brokers sell fraudulent car insurance policies to poor people. Then the cops tow the poor people's cars and tell them the only way to get their car back is to be the high bidder when the seized car is auctioned. From ...
  
  Read more

• Massive flooding hits Texas: Here's what it looks like on the ground

  26-05-2015 19:24
  Parts of Texas, including the Houston metro area, are underwater today following heavy rains and flooding overnight. Here's what it looks like on the scene.
  
  Read more

• NBIS Adds Workers’ Comp Coverage for Heavy Construction Industries

  26-05-2015 18:45
  
  NationsBuilders Insurance Services, Inc. (NBIS), a provider of specialty construction insurance and a portfolio company of SunTx Capital Partners, has added workers’ compensation coverage from an A+ A.M. Best rated carrier for heavy construction industries. Workers’ compensation coverage is offered …
  The article NBIS Adds Workers’ Comp Coverage for Heavy Construction Industries appeared first on Insurance Journal.
  
  Read more

• Advertisement

• FEMA Reconsidering Private Insurers’ Role in Flood Insurance

  26-05-2015 18:17
  
  Federal officials have agreed to consider a proposal calling for an end to the federal flood insurance model that allows private insurance carriers to write and service policies. Senator Charles E. Schumer, D-N.Y., citing alleged “widespread fraud” and “unjust denials” …
  The article FEMA Reconsidering Private Insurers’ Role in Flood Insurance appeared first on Insurance Journal.
  
  Read more

• Oregon Hash Oil Maker Burned in Blast Sues Butane Businesses

  26-05-2015 18:14
  
  A Portland, Ore. man burned when a hash oil operation exploded has filed an $11 million product liability suit against makers and distributors of the butane canisters he was using. The suit says 28-year-old Kevin Tveisme (TWEYES’-may) was burned over …
  The article Oregon Hash Oil Maker Burned in Blast Sues Butane Businesses appeared first on Insurance Journal.
  
  Read more

• California Man Accused of Insurance Inspection Invoice Scam Nabbed

  26-05-2015 18:11
  
  A California man was arrested in Arizona on charges that he scammed hundreds of people in three states in a fire insurance inspection scheme. Robert Musich, 46, was being held on bond following his arrest in Lake Havasu City. Musich, …
  The article California Man Accused of Insurance Inspection Invoice Scam Nabbed appeared first on Insurance Journal.
  
  Read more

• Nevada Assembly Oks Bill To Regulate Ridesharing

  26-05-2015 18:07
  
  A hard-fought bill to regulate ridesharing companies such as Uber and Lyft got the green light from Nevada lawmakers in the wee hours of Saturday morning, after weeks of behind-the-scenes negotiations, several public failures for Uber and a marathon workday …
  The article Nevada Assembly Oks Bill To Regulate Ridesharing appeared first on Insurance Journal.
  
  Read more

• Deadly Storms Leave Devastation Behind in South Central States

  26-05-2015 17:44
  
  A tornado raged through a Mexico border city shortly after daybreak on Memorial Day, destroying homes, upending cars and killing at least 10 people. In Texas, crews searched for people believed to be missing after a vacation home was swept …
  The article Deadly Storms Leave Devastation Behind in South Central States appeared first on Insurance Journal.
  
  Read more

• EPIC Adds Pino as Producer in Nevada, Opens New Office

  26-05-2015 17:25
  
  Edgewood Partners Insurance Center has added Courtney Pino as a commercial insurance broker/producer and has moved into its new Reno, Nev. offices. Pino will be responsible for new business development and the design and management of insurance and risk management …
  The article EPIC Adds Pino as Producer in Nevada, Opens New Office appeared first on Insurance Journal.
  
  Read more

• Texas Bill Limiting Accident Report Info Advances

  26-05-2015 17:23
  
  The Texas Senate has voted to bar law enforcement from giving the media the names of people involved in traffic accidents. The move came on a bill to protect accident victims from being harassed by lawyers seeking to file lawsuits. …
  The article Texas Bill Limiting Accident Report Info Advances appeared first on Insurance Journal.
  
  Read more

• Indiana Jury Awards $32.5M to Traffic Accident Victim

  26-05-2015 16:55
  
  A northwest Indiana jury has awarded $32.5 million to a woman with a traumatic brain injury that left her partially paralyzed nine years ago when the car she was a passenger in struck a disabled semi-trailer on an interstate. The …
  The article Indiana Jury Awards $32.5M to Traffic Accident Victim appeared first on Insurance Journal.
  
  Read more

• Indiana High Court Sides with Contractors on Fire Costs

  26-05-2015 16:52
  
  The Indiana Supreme Court says contractors who worked on a 19th century courthouse before a 2009 fire don’t have to pay some of costs of repairing the fire damage. The decision upholds lower court rulings favoring three contractors that were …
  The article Indiana High Court Sides with Contractors on Fire Costs appeared first on Insurance Journal.
  
  Read more

• Government’s Bird Flu Response Upsets Some Iowa Farmers

  26-05-2015 16:50
  
  Iowa farmers who have been dealing for weeks with thousands of rotting dead chickens are frustrated by the government’s response to the Midwest bird flu outbreak. Several chicken and turkey farmers expressed their concerns at public meetings in northwest Iowa, …
  The article Government’s Bird Flu Response Upsets Some Iowa Farmers appeared first on Insurance Journal.
  
  Read more

• Arkansas Treasurer Settles Civil Rights/Disability Lawsuit

  26-05-2015 16:43
  
  Arkansas Treasurer Settles Ex-Employee’s Civil Rights/Disability Lawsuit Arkansas’ treasurer has settled a federal lawsuit filed against him by a former employee when he served as the Saline County clerk. An attorney for Republican Treasurer Dennis Milligan said his client reached …
  The article Arkansas Treasurer Settles Civil Rights/Disability Lawsuit appeared first on Insurance Journal.
  
  Read more

• Placing Platform Ltd. Selects Ebix for London Market Implementation

  26-05-2015 16:41
  
  The Board of Placing Platform Limited (PPL) announced that, after a tender exercise, it has selected Ebix as its preferred software supplier. The Board acted on behalf of the International Underwriting Association (IUA), the London & International Insurance Brokers’ Association …
  The article Placing Platform Ltd. Selects Ebix for London Market Implementation appeared first on Insurance Journal.
  
  Read more

• N.H. Senate Amendment Would Change Who Polices Public Risk Pools

  26-05-2015 15:55
  
  The New Hampshire Secretary of State’s office could lose its ability to oversee a public risk pool it’s had issues with for years, if a last-minute amendment to the state Senate budget remains in place. The New Hampshire Senate Finance …
  The article N.H. Senate Amendment Would Change Who Polices Public Risk Pools appeared first on Insurance Journal.
  
  Read more

• Ford dips toe into London car-sharing market with GoDrive

  26-05-2015 15:54
  Ford Motor Co. will start offering Londoners a network of cars to share, rather than buy, in an effort to tap the growing market for on-demand driving.
  
  Read more

• Patriot National Acquires Brandywine Insurance Advisors in Pennsylvania

  26-05-2015 15:48
  
  Fort Lauderdale, Florida-based Patriot National Inc. announced that it has acquired Brandywine Insurance Advisors, a specialty insurance brokerage focusing on the construction industry. Patriot National said the total purchase price, assuming all earn-out criteria are met, would be $4.2 million. …
  The article Patriot National Acquires Brandywine Insurance Advisors in Pennsylvania appeared first on Insurance Journal.
  
  Read more

• Opening Statements Set for Tuesday in Criminal Trial of Dewey Trio

  26-05-2015 15:39
  
  Nearly three years after the demise of law firm Dewey & LeBoeuf, three of its former top executives will go on trial on charges they cooked the books in an attempt to stave off the largest law firm collapse in …
  The article Opening Statements Set for Tuesday in Criminal Trial of Dewey Trio appeared first on Insurance Journal.
  
  Read more

• Home prices in 20 U.S. cities increased 5% in year to March

  26-05-2015 15:36
  Home prices in 20 U.S. cities rose at a faster pace than projected in the year through March, reflecting a limited number of available properties on the market.
  
  Read more

• Insuring 2015's cheapest cars

  26-05-2015 15:10
  Are low-priced cars really the cheapest to insure? It depends.
  
  Read more

• Bird Flu Expected to Wane in U.S. As Weather Warms

  26-05-2015 14:43
  
  An epidemic of bird flu that has devastated U.S. poultry flocks this year is likely to be under control within four months as the United States steps up measures to contain the virus, the head of the World Organization for …
  The article Bird Flu Expected to Wane in U.S. As Weather Warms appeared first on Insurance Journal.
  
  Read more

• Flooding stops Houston transit as storm drops 10 inches of rain

  26-05-2015 14:34
  More than 10 inches of rain flooded Houston Tuesday morning, closing freeways and prompting the suspension of all public transit.
  
  Read more

• Banks Scuttle MasterCard Settlement with Target Over Data Breach

  26-05-2015 12:18
  
  A proposed $19 million settlement between MasterCard Inc. and Target Corp. over the retailer’s 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The agreement, announced in April, would have …
  The article Banks Scuttle MasterCard Settlement with Target Over Data Breach appeared first on Insurance Journal.
  
  Read more

• SCOR Appoints Alridge as Chief Compliance Officer in North Carolina

  26-05-2015 12:00
  
  Global reinsurer SCOR has appointed Spencer Alridge as Group chief compliance officer of the company’s Central Group Functions. Alridge will report to Romain Launay, general secretary, as of June 1. He will be based in Charlotte, N.C. Alridge began his …
  The article SCOR Appoints Alridge as Chief Compliance Officer in North Carolina appeared first on Insurance Journal.
  
  Read more

• A.M. Best: Nigeria Insurance Sector Offers Significant Potential for Investors

  26-05-2015 11:45
  
  Although fluctuating oil prices threaten Nigeria’s economic expansion, the country’s insurance sector offers significant potential for foreign investors attempting to build a profile in the market, according to A.M. Best in a special report. In a new report entitled “Nigeria’s Insurance …
  The article A.M. Best: Nigeria Insurance Sector Offers Significant Potential for Investors appeared first on Insurance Journal.
  
  Read more

• Generali Reorganizes German Business to Enhance Competitive Position

  26-05-2015 11:18
  
  Generali is reorganizing its German market business with an aim to enhance the competitive position of the group by the end of 2018. The company is instituting simpler and business-focused governance, a stronger focus on distribution strengths, a modern and …
  The article Generali Reorganizes German Business to Enhance Competitive Position appeared first on Insurance Journal.
  
  Read more

• Are Planes Safe? Hacker Case Points to Deeper Cyber-Risk Issues

  26-05-2015 10:52
  
  Security researcher Chris Roberts made headlines last month when he was hauled off a plane in New York by the FBI and accused of hacking into flight controls via his under seat entertainment unit. Other security researchers say Roberts – …
  The article Are Planes Safe? Hacker Case Points to Deeper Cyber-Risk Issues appeared first on Insurance Journal.
  
  Read more

• El Niño Strengthens as Pacific Temperatures Show Same Trend as ’97-’98

  26-05-2015 10:10
  
  The El Niño taking hold across the Pacific strengthened, according to Australia’s Bureau of Meteorology, citing indexes of sea surfaces temperatures that showed the same trend for the first time since the event in 1997-1998. All five NINO indexes, averaged over the …
  The article El Niño Strengthens as Pacific Temperatures Show Same Trend as ’97-’98 appeared first on Insurance Journal.
  
  Read more

• South Carolina Woman Accused of Burning Down Home for Insurance Money

  26-05-2015 06:38
  
  A Union, S.C., woman is accused of setting fire to her mobile home with her two cats still inside. The Herald-Journal of Spartanburg reports the Union County Sheriff’s Office announced the arrest of 28-year-old April Lynn Hudson May 21. Deputies …
  The article South Carolina Woman Accused of Burning Down Home for Insurance Money appeared first on Insurance Journal.
  
  Read more

• South Carolina Woman Accused of Arson for Insurance Money

  26-05-2015 06:38
  
  A Union, S.C., woman is accused of setting fire to her mobile home with her two cats still inside. The Herald-Journal of Spartanburg reports the Union County Sheriff’s Office announced the arrest of 28-year-old April Lynn Hudson May 21. Deputies …
  The article South Carolina Woman Accused of Arson for Insurance Money appeared first on Insurance Journal.
  
  Read more

• Florida ‘House of Horrors’ Dentist Surrenders License

  26-05-2015 06:32
  
  A Florida children’s dentist accused of running a “house of horrors” that included performing surgical procedures without anesthetic has agreed to stop practicing dentistry. Dr. Howard Schneider of Jacksonville faces multiple lawsuits and his office has been picketed in recent …
  The article Florida ‘House of Horrors’ Dentist Surrenders License appeared first on Insurance Journal.
  
  Read more

• Florida Supreme Court Rules Medical Malpractice Caps Aren’t Retroactive

  26-05-2015 06:17
  
  A 2003 law capping medical malpractice lawsuit awards at $500,000 can’t be applied retroactively. That’s what the Supreme Court ruled in a Miami-Dade County case in which a woman suffered permanent damage to her leg from unnecessary surgery in early …
  The article Florida Supreme Court Rules Medical Malpractice Caps Aren’t Retroactive appeared first on Insurance Journal.
  
  Read more

• Safety Chief Rosekind Shifts Defective Car Oversight into Overdrive

  26-05-2015 02:45
  
  The U.S. auto safety watchdog, long criticized as toothless and slow, is showing both bark and bite under its new boss – a testimony to his credentials as a safety expert and a hardening of the administration’s policy after a …
  The article Safety Chief Rosekind Shifts Defective Car Oversight into Overdrive appeared first on Insurance Journal.
  
  Read more

• JetBlue: No Way to Prevent Pilot’s Meltdown

  26-05-2015 02:11
  
  JetBlue Airways Corp. believes it had no way to know it should have grounded a former pilot before his midair meltdown forced an emergency landing, and that his $14.9 million damages lawsuit should be dismissed. “There is absolutely nothing JetBlue …
  The article JetBlue: No Way to Prevent Pilot’s Meltdown appeared first on Insurance Journal.
  
  Read more

Follow @Insurance_Newsl on Twitter!