Insurance news

• Flood Insurance Policies, Rising Water Coverage - KRGV

  28-05-2015 23:49 via krgv.com
  
  KRGV
  Flood Insurance Policies, Rising Water Coverage
  KRGV
  many families across the state are learning the hard way that flood insurance... doesn't cover all types of water damage. channel five's leslie aguilar joins us to explain. right now... hurricane season is just four days away. that means more threat ...
  
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• Belvidere Memorial Day parade detoured over insurance costs - lehighvalleylive.com

  28-05-2015 21:52 via lehighvalleylive.com
  
  lehighvalleylive.com
  Belvidere Memorial Day parade detoured over insurance costs
  lehighvalleylive.com
  Belvidere's Memorial Day parade would normally include a service on the bridge over the Delaware River, but confusion with the bridge commission over insurance force the route to be altered for the first time in decades. (Express-Times file photo).
  
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• Injured Ute gymnast Tory Wilson covered by insurance - but some athletes still ... - Salt Lake Tribune

  28-05-2015 21:39 via sltrib.com
  
  Salt Lake Tribune
  Injured Ute gymnast Tory Wilson covered by insurance - but some athletes still ...
  Salt Lake Tribune
  (Scott Sommerdorf | The Salt Lake Tribune) Utah gymnast Tory Wilson rehabs her broken foot and torn achilles with Athletic Trainer Katie Lorens, left, in the training room adjacent to the Utah practice gym, Thursday, May 28, 2015.
  
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• BP Withdraws Bid for Transocean’s $750M Insurance

  28-05-2015 19:56
  
  BP Plc won’t seek to access Transocean Ltd.’s $750 million insurance policy for the Deepwater Horizon rig, which exploded while drilling a BP well in 2010, sparking the worst offshore spill in U.S. history. London-based BP notified the Texas Supreme …
  The article BP Withdraws Bid for Transocean’s $750M Insurance appeared first on Insurance Journal.
  
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• Insurers' net income falls 12.4%, net gains on underwriting shrink in 2014

  28-05-2015 19:19
  However, the industry's profitability, premium growth and underwriting ratios all preformed better than the long-term historical average, and policyholders' surplus reached record levels.
  
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• Detroit Mayor asks Legislature to allow cheaper auto insurance alternative in ... - MLive.com

  28-05-2015 19:13 via mlive.com
  
  MLive.com
  Detroit Mayor asks Legislature to allow cheaper auto insurance alternative in ...
  MLive.com
  LANSING, MI -- Detroit Mayor Mike Duggan this week testified before the Senate Insurance Committee on a plan he says would allow Detroiters to opt out of the Michigan Catastrophic Claims Association and purchase less medical coverage. He calls it ...and more »
  
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• Lockton Partners with Cyber Risk Firm on Executive-Level Assessment Service

  28-05-2015 18:58
  
  Dynetics, a provider of technology products, and the Washington, D.C. operations of Lockton Companies, have formed an alliance to provide Lockton clients direct access to QuickLook, an executive-level cyber risk assessment service. Part of Dynetics’ Cyber RiskScope portfolio of cyber …
  The article Lockton Partners with Cyber Risk Firm on Executive-Level Assessment Service appeared first on Insurance Journal.
  
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• Michigan Agent Charged with Felony Embezzlement

  28-05-2015 18:54
  
  A Michigan insurance agent faces felony embezzlement charges following an investigation by the the Michigan Department of Insurance and Financial Services (DIFS). After receiving a complaint from an insurance company, DIFS discovered that Vladimir Ivanovich Tatarly of Lake Orion was …
  The article Michigan Agent Charged with Felony Embezzlement appeared first on Insurance Journal.
  
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• The Hartford Joins Agents’ Trusted Choice Website for Small Commercial Lines

  28-05-2015 18:51
  
  The Trusted Choice brand has snagged a leading agency system insurer to help independent agencies sell more small business policies online. The Hartford has joined the TrustedChoice.com online commercial insurance platform backed by the Independent Insurance Agents and Brokers of …
  The article The Hartford Joins Agents’ Trusted Choice Website for Small Commercial Lines appeared first on Insurance Journal.
  
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• Jury: Abbott Must Pay $23M in Punitive Damages Over Depakote

  28-05-2015 18:48
  
  Abbott Laboratories was ordered to pay $23 million in punitive damages to a Minnesota girl whose family blamed the company’s epilepsy drug Depakote for causing her birth defects. It was the first verdict against the drugmaker over the medication. A …
  The article Jury: Abbott Must Pay $23M in Punitive Damages Over Depakote appeared first on Insurance Journal.
  
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• Abbott Labs to Pay $23M in Punitive Damages Over Depakote

  28-05-2015 18:48
  
  Abbott Laboratories was ordered to pay $23 million in punitive damages to a Minnesota girl whose family blamed the company’s epilepsy drug Depakote for causing her birth defects. It was the first verdict against the drugmaker over the medication. A …
  The article Abbott Labs to Pay $23M in Punitive Damages Over Depakote appeared first on Insurance Journal.
  
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• NAS Launches Residential Care Facilities Program in California

  28-05-2015 18:46
  
  NAS Insurance has launched a professional and general liability insurance program for owners of residential care facilities for the elderly (RCFEs). The coverage is designed to help California RCFE owners comply with the July 1, 2015 deadline to maintain liability …
  The article NAS Launches Residential Care Facilities Program in California appeared first on Insurance Journal.
  
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• Wisconsin Bank Settles Complaint over Racial Discrimination

  28-05-2015 18:42
  
  Green Bay, Wis.-based Associated Bank has agreed to generate nearly $200 million in mortgage loans in predominantly minority neighborhoods as part of a settlement over a federal racial discrimination complaint. The loans would be made over the next three years …
  The article Wisconsin Bank Settles Complaint over Racial Discrimination appeared first on Insurance Journal.
  
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• Insurer Will Pay $300K in Michigan ‘Scared-to-Death’ Case

  28-05-2015 18:38
  
  An insurance company has agreed to pay $300,000 to settle a lawsuit over the death of an 85-year-old man who may have been scared to death before his car slammed into a tractor-trailer in suburban Detroit. The settlement ends a …
  The article Insurer Will Pay $300K in Michigan ‘Scared-to-Death’ Case appeared first on Insurance Journal.
  
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• Farmers in Arkansas Expect Losses from Flooding

  28-05-2015 18:36
  
  Farmers across Arkansas are still weathering a series of spring showers that have flooded fields, smothered crops and swept away cattle. Since March 1, between 12 to 18 inches of rain has fallen across the Arkansas River basin, according to …
  The article Farmers in Arkansas Expect Losses from Flooding appeared first on Insurance Journal.
  
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• Oklahoma Roads in Bad Shape After Record Rainfall, Flooding

  28-05-2015 18:35
  
  Record-smashing rainfall and torrential flooding that hammered Oklahoma in May has likely caused millions of dollars’ worth of damage to roads and bridges across the state, although official estimates won’t be available for weeks. While the visual image of powerful …
  The article Oklahoma Roads in Bad Shape After Record Rainfall, Flooding appeared first on Insurance Journal.
  
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• Government Emergency Response Tested by Texas Storms

  28-05-2015 18:32
  
  Deadly severe weather in Texas over the long holiday weekend tested government alert and evacuation procedures, as officials scrambled to deal with storms and historic flooding that left more than a dozen people dead and a similar number missing. Crews …
  The article Government Emergency Response Tested by Texas Storms appeared first on Insurance Journal.
  
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• The Easiest Way to Cut Your Home Insurance Bills - The Fiscal Times

  28-05-2015 18:25 via thefiscaltimes.com
  
  The Fiscal Times
  The Easiest Way to Cut Your Home Insurance Bills
  The Fiscal Times
  Here's a simple way to potentially cut $150 from your annual insurance expenses: Raising your homeowners' insurance deductible from $500 to $2,000 could lower your premiums by an average of 16 percent, according to a new report by ...
  6 states where you can easily save $200+ on homeowner's insuranceMarketWatch
  Raising Homeowner's Insurance Deductible Can Save 41%PR Newswire (press release)all
  
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• NAIC committee adopts proposed revisions related to captives

  28-05-2015 17:57
  The proposed revisions would add certain captive insurers and special purpose vehicles into the accreditation program.
  
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• ACE Appoints New Country President for South Africa

  28-05-2015 17:53
  
  ACE Group announced the promotion of Gary Jack, chief operating officer, South Africa, to the role of country president as it continues to grow its business in Africa. In his new role, Jack will be responsible for managing the performance, …
  The article ACE Appoints New Country President for South Africa appeared first on Insurance Journal.
  
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• Ames & Gough Hires Bateson as Senior Broker in Virginia

  28-05-2015 17:43
  
  Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations/nonprofits and other professional service firms, hired Jay Bateson as senior broker and vice president. Based in Ames & Gough’s McLean, Virginia, office, …
  The article Ames & Gough Hires Bateson as Senior Broker in Virginia appeared first on Insurance Journal.
  
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• Dozens of Washington Medical Marijuana Dispensaries to Be Shuttered

  28-05-2015 17:38
  
  With Washington state overhauling its medical marijuana law, Seattle Mayor Ed Murray says the city is planning to shutter dozens of dispensaries. Murray this week announced plans to require a new special business license for marijuana establishments, akin to those …
  The article Dozens of Washington Medical Marijuana Dispensaries to Be Shuttered appeared first on Insurance Journal.
  
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• 2 California Men Nabbed for $1.4M Mobile Phone Insurance Scam

  28-05-2015 17:29
  
  Jason Kwon, 32, of Santa Fe Springs, Calif., and David Chang, 32, of Burbank face 41 felony counts of insurance fraud, grand theft and identity theft for allegedly submitting fraudulent claims totaling $1.3 million to obtain low cost replacement mobile …
  The article 2 California Men Nabbed for $1.4M Mobile Phone Insurance Scam appeared first on Insurance Journal.
  
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• 2015's 50 best ways to generate leads: 11-20

  28-05-2015 16:45
  The secret to lead generation is to change your mindset.
  
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• Single Engineer for Trains a Tough Sell Following Amtrak Crash

  28-05-2015 16:33
  
  The Amtrak crash that killed eight people this month raised questions of the safety of one-engineer trains, thwarting the idea of reducing freight crews for now, Union Pacific Corp. Chief Executive Officer Lance Fritz said. While cargo operators would save …
  The article Single Engineer for Trains a Tough Sell Following Amtrak Crash appeared first on Insurance Journal.
  
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• Emotions shouldn't put coverage decisions at risk

  28-05-2015 16:30
  Coverage requires more than just a “feeling” that it should exist for a loss.
  
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• Bad Attitude: Cynical Employees Earn Less Than Others

  28-05-2015 16:19
  
  Holding cynical beliefs about others may have a negative effect on one’s income, according to research published by the American Psychological Association. “While previous research has associated cynicism with detrimental outcomes across a wide range of spheres of life, including …
  The article Bad Attitude: Cynical Employees Earn Less Than Others appeared first on Insurance Journal.
  
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• Forgotten California pipeline spills 500 barrels of crude oil into the Pacific Ocean

  28-05-2015 15:15
  A pipeline the oil market had all but forgotten resurfaced like a painful memory last week, spilling 500 barrels of heavy oil into the Pacific Ocean.
  
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• 30 best paying college majors: 2015

  28-05-2015 15:12
  It might not take a rocket scientist to guess which college majors lead to the highest paying jobs, but being one would put you near the top of the salary pyramid.
  
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• Uber and Lyft Fight Proposed NYC Rules – and Each Other

  28-05-2015 14:59
  
  Uber and Lyft are among the tech companies pushing back at proposed rules by New York City’s Taxi and Limousine Commission to regulate car service apps. Uber says the rules break federal law because taxi commissions don’t have the authority …
  The article Uber and Lyft Fight Proposed NYC Rules – and Each Other appeared first on Insurance Journal.
  
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• Workers’ comp insurers post first underwriting profit since 2006

  28-05-2015 14:58
  U.S. workers’ compensation insurers posted their first underwriting profit since 2006, helping the industry counter lower yields on bond portfolios.
  
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• Solar is the fastest growing power source in the U.S.

  28-05-2015 14:48
  Move over shale. The sun is now the fastest growing source of U.S. electricity.
  
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• Treasury Rule Allows Taxpayer Subsidized Health Insurance For Illegal ... - Forbes

  28-05-2015 14:42 via forbes.com
  
  Treasury Rule Allows Taxpayer Subsidized Health Insurance For Illegal ...
  Forbes
  New research about implementation of the Affordable Care Act finds that Obama administration regulations are allowing taxpayer subsidized health insurance for some people earning less than the statutory income floor and also for unlawful immigrants.
  
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• Sirius XM to Face Class Action in Turtles Copyright Suit

  28-05-2015 14:23
  
  A U.S. judge in California allowed a class action lawsuit to proceed on Wednesday against satellite-radio company Sirius XM Holdings Inc over the payment of royalties for songs produced before 1972, in a case that is being closely watched for …
  The article Sirius XM to Face Class Action in Turtles Copyright Suit appeared first on Insurance Journal.
  
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• Scott, Baskam Join Ridge Insurance

  28-05-2015 14:16
  
  Insurance industry veterans Adrian Scott and John Baskam have joined Ridge Insurance Solutions, the managing agency started by Tom Ridge, former Pennsylvania governor and ex-secretary of Homeland Security. Scott joins as executive vice president and chief underwriting officer and Baskam …
  The article Scott, Baskam Join Ridge Insurance appeared first on Insurance Journal.
  
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• The wrath of Hank: Reflecting on Greenberg's 90 years

  28-05-2015 14:13
  Maurice “Hank” Greenberg spent some of his 90th birthday party like he’s spent much of the past decade: angry.
  
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• Nominate your program for the NU Workers’ Compensation Risk Management Award for Excellence today!

  28-05-2015 14:00
  Nominations for the Workers' Comp Risk Management Award for Excellence will be accepted through June 10, 2015.
  
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• Auto insurance too expensive? It could be your ZIP code - Bankrate.com

  28-05-2015 11:38 via bankrate.com
  Bankrate.com
  Auto insurance too expensive? It could be your ZIP code
  Bankrate.com
  Can you imagine moving just a few blocks to a new home and seeing as much as a 64 percent difference in your auto insurance premium? That wasn't a typo. While a number of factors can influence an auto insurance quote, including your age, the make and ...and more »
  
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• Lloyd’s Appoints Pullicino as New Representative in Malta

  28-05-2015 11:15
  
  Lloyd’s has appointed Louis Cassar Pullicino as the new representative for Lloyd’s in Malta, assuming the role of director of Lloyd’s Malta Limited. Pullicino replaces Mark Gollcher, who helped Lloyd’s build up its local portfolio for over 15 years and …
  The article Lloyd’s Appoints Pullicino as New Representative in Malta appeared first on Insurance Journal.
  
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• Ironshore International Enhances K&R Coverage for Latin America

  28-05-2015 11:12
  
  Bermuda-based Ironshore International announced that it has introduced enhanced insurance coverage for Kidnap & Ransom (K&R) risks to protect Latin American based clients against unexpected events. The bulletin said Ironshore’s “comprehensive K&R insurance program provides protection against kidnap for ransom, …
  The article Ironshore International Enhances K&R Coverage for Latin America appeared first on Insurance Journal.
  
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• ‘All at Sea:’ Australia’s Search for MH370 Wreckage under Scrutiny

  28-05-2015 11:02
  
  Nearly a year after embarking on a multi-million dollar quest to solve one of aviation’s greatest unsolved mysteries, authorities and search teams are being criticized over their approach to finding Flight MH370 in the remote southern Indian Ocean. The Australian-led …
  The article ‘All at Sea:’ Australia’s Search for MH370 Wreckage under Scrutiny appeared first on Insurance Journal.
  
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• Low Interest Rates ‘Harmful’ to Insurers & Pension Funds, Says BlackRock CEO

  28-05-2015 10:42
  
  Lowering interest rates around the world to boost the global economy has reached a point where it is now “quite harmful” to clients, including pension funds and insurers, BlackRock Inc. Chairman and Chief Executive Officer Laurence Fink said. The “low …
  The article Low Interest Rates ‘Harmful’ to Insurers & Pension Funds, Says BlackRock CEO appeared first on Insurance Journal.
  
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• Low Interest Rates ‘Harmful’ to Insurers & Pension Funds: BlackRock CEO

  28-05-2015 10:42
  
  Lowering interest rates around the world to boost the global economy has reached a point where it is now “quite harmful” to clients, including pension funds and insurers, BlackRock Inc. Chairman and Chief Executive Officer Laurence Fink said. The “low …
  The article Low Interest Rates ‘Harmful’ to Insurers & Pension Funds: BlackRock CEO appeared first on Insurance Journal.
  
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• Marsh Appoints Wood as Southeast Partnership Leader in Atlanta

  28-05-2015 10:00
  
  Marsh has appointed Julie Wood as Southeast Partnership leader based in Atlanta. In this role, Wood is responsible for ensuring the delivery of Marsh’s advisory and transactional services to clients throughout its Southeast Partnership, which includes Marsh’s Atlanta, Birmingham, Ala., …
  The article Marsh Appoints Wood as Southeast Partnership Leader in Atlanta appeared first on Insurance Journal.
  
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• Rental Company Sues Kentucky County for Unpaid Bills from 2012 Tornado Recovery

  28-05-2015 07:14
  
  An eastern Kentucky county ravaged by a 2012 tornado is being sued for nearly $1 million by a Lexington company that provided rented trailers, generators, all-terrain vehicles and other equipment after the deadly twister hit. Morgan County officials agree they …
  The article Rental Company Sues Kentucky County for Unpaid Bills from 2012 Tornado Recovery appeared first on Insurance Journal.
  
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• Former Florida Highway Patrol Officer Pleads Guilty to Selling Accident Reports

  28-05-2015 07:01
  
  A former Florida Highway Patrol trooper could get prison time after pleading guilty to an extortion charge for accepting bribes for selling confidential accident reports. The ex-trooper, Kirk Chambers, pleaded guilty last week to an extortion conspiracy charge under color …
  The article Former Florida Highway Patrol Officer Pleads Guilty to Selling Accident Reports appeared first on Insurance Journal.
  
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• Wal-Mart Settles With Tracy Morgan Over Turnpike Crash Suit

  28-05-2015 04:24
  
  Tracy Morgan and Wal-Mart Stores Inc. settled the actor-comedian’s lawsuit over a New Jersey Turnpike crash that had left him in a coma for days and killed another comedian. Morgan was riding in a van that was struck from behind …
  The article Wal-Mart Settles With Tracy Morgan Over Turnpike Crash Suit appeared first on Insurance Journal.
  
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• Why Law Firms Like Facebook to Track Down Medical Victims

  28-05-2015 03:53
  
  For ambulance chasers, persistence and a phone book just don’t cut it anymore. Law firms, which once relied on television commercials, billboards, and cold calling numbers in the white pages to find plaintiffs for medical lawsuits, have begun to embrace technology. To …
  The article Why Law Firms Like Facebook to Track Down Medical Victims appeared first on Insurance Journal.
  
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• Law Firms Like Facebook to Track Down Medical Victims

  28-05-2015 03:53
  
  For ambulance chasers, persistence and a phone book just don’t cut it anymore. Law firms, which once relied on television commercials, billboards, and cold calling numbers in the white pages to find plaintiffs for medical lawsuits, have begun to embrace technology. To …
  The article Law Firms Like Facebook to Track Down Medical Victims appeared first on Insurance Journal.
  
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• N.J. Motorcycle Accident Deaths Rose in 1st 9 months of 2014

  28-05-2015 02:15
  
  The Governors Highway Safety Association says fatalities from motorcycle accidents in New Jersey rose during the first nine months of 2014 after dramatic declines in recent years. The Asbury Park Press reports fatalities between January and September rose from 48 …
  The article N.J. Motorcycle Accident Deaths Rose in 1st 9 months of 2014 appeared first on Insurance Journal.
  
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