Insurance news

• Flood insurance costs going up by at least 10 percent - KTRK-TV

  03-06-2015 23:56 via abc13.com
  
  KTRK-TV
  Flood insurance costs going up by at least 10 percent
  KTRK-TV
  Get ready to pay more for flood insurance. Houston flood victims are still trying to get their lives back to normal, and now they are finding out that flood insurance policy that they are so grateful for will soon cost more. You do not have to convince ...and more »
  
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• Autistic boy refused treatment because of insurance, family says - WCNC

  03-06-2015 23:54 via wcnc.com
  
  WCNC
  Autistic boy refused treatment because of insurance, family says
  WCNC
  Carolinas Healthcare System is apologizing and reviewing its insurance coverage policies after a family says an urgent care doctor in Ballantyne refused to examine their injured son and told them they had to go to South Carolina for treatment. Loading…and more »
  
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• Former Mass. Brokerage Owner Pleads Guilty to Stealing $10M From Aetna

  03-06-2015 23:28
  
  A former insurance brokerage owner has pleaded guilty on June 2 in federal court in Hartford, Connecticut, to wire fraud and money laundering charges stemming from her theft of more than $10 million from Hartford-based Aetna. According to the announcement …
  The article Former Mass. Brokerage Owner Pleads Guilty to Stealing $10M From Aetna appeared first on Insurance Journal.
  
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• Editorial: Lawmakers should override Scott's veto of property insurance bill - Tampabay.com (blog)

  03-06-2015 23:00 via tampabay.com
  
  Miami Herald
  Editorial: Lawmakers should override Scott's veto of property insurance bill
  Tampabay.com (blog)
  If Florida lawmakers meeting in special session want to score a public relations victory, help consumers and make a rare show of bipartisanship, they will override Gov. Rick Scott's indefensible veto of a consumer-friendly insurance reform bill. It ...
  Gov. Rick Scott vetoes Citizens Property Insurance consumer protectionsMiami Herald
  Scott vetoes bills on convenience stores, Ci
  
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• New cut-rate auto insurance plan not just for Detroit - Detroit Free Press

  03-06-2015 22:11 via freep.com
  
  MLive.com
  New cut-rate auto insurance plan not just for Detroit
  Detroit Free Press
  LANSING – The Senate Insurance Committee today passed an amended version of Detroit Mayor Mike Duggan's cut-rate D-Insurance auto insurance plan that would extend the plan to other Michigan cities beyond Detroit. As proposed earlier, the ...
  'D-Insurance' will apply far beyond Detroit's borders under amended planMLive.comall 6 news articles »
  
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• 100 best sales & marketing ideas: 51–60

  03-06-2015 21:10
  In order to make the greatest impact with the people you are talking with, you have to have empathy for them and know who they really are.
  
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• How to Fix the Broken Disability Insurance System - The Fiscal Times

  03-06-2015 20:26 via thefiscaltimes.com
  
  The Fiscal Times
  How to Fix the Broken Disability Insurance System
  The Fiscal Times
  In the years following the Great Recession, social scientists observed a steady increase in the percentage of the working population claiming federal disability insurance benefits. This led to concern that the program was being used as an alternative ...
  
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• Prosecutor: Pennsylvania Nurse on Disability Taught Fitness Class

  03-06-2015 20:02
  
  Authorities say a Delaware County, Pennsylvania, nurse who said she was too injured to work was well enough to work 84 times as a fitness instructor. The Delaware County District Attorney’s office has charged 36-year-old Jamie Scott of Ridley Township …
  The article Prosecutor: Pennsylvania Nurse on Disability Taught Fitness Class appeared first on Insurance Journal.
  
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• Allstate offers insurance for Uber drivers - Crain's Chicago Business

  03-06-2015 19:36 via chicagobusiness.com
  Crain's Chicago Business
  Allstate offers insurance for Uber drivers
  Crain's Chicago Business
  (AP) — Allstate will start insuring drivers who pick up passengers through ride-hailing apps like Uber and Lyft. The Ride for Hire policy will cost $15 to $20 a year on average and will provide coverage for drivers who get into accidents while they ...
  Allstate will offer insurance for drivers who pick up passengers through apps ...Minneapolis Star Tribuneall 79 news articles »
  
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• ITC Acquires Rater Multico-Online in Washington

  03-06-2015 19:08
  
  Insurance Technologies Corp., a provider of marketing, rating and management software and services, has acquired Multico-Online from Multico Rating Systems Inc., a large Seattle, Wash.-based comparative rating vendor. The move is to expand ITC’s insurance rating and sales system TurboRater, …
  The article ITC Acquires Rater Multico-Online in Washington appeared first on Insurance Journal.
  
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• ITC Acquires Multico-Online in Washington

  03-06-2015 19:08
  
  Insurance Technologies Corp., a provider of marketing, rating and management software and services has acquired Multico-Online from Multico Rating Systems Inc., a large Seattle, Wash.-based comparative rating vendor, to expand its insurance rating and sales system TurboRater. Multico provides rating …
  The article ITC Acquires Multico-Online in Washington appeared first on Insurance Journal.
  
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• Alliant Acquires Mary Roach Insurance Agency in California

  03-06-2015 19:04
  
  Newport Beach, Calif.-based Alliant Insurance Services has acquired Mary Roach Insurance Agency Inc., a provider of crop insurance to the agribusiness community headquarter in Fresno. Mary Roach will be instrumental in building the crop insurance specialty across the Alliant enterprise, …
  The article Alliant Acquires Mary Roach Insurance Agency in California appeared first on Insurance Journal.
  
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• Alliant Hires Moylan as Managing Director for Construction Services in Md.

  03-06-2015 18:59
  
  Alliant Insurance Services, a specialty insurance brokerage based in Newport Beach, California, hired David C. Moylan for its Construction Services Group as managing director of International Surety. In his new role, Moylan will lead the expansion of Alliant’s international surety …
  The article Alliant Hires Moylan as Managing Director for Construction Services in Md. appeared first on Insurance Journal.
  
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• ISO Drone Insurance Coverage Options Now Available to Insurers

  03-06-2015 18:56
  
  ISO’s new coverage and exclusion options for commercial drones took effect this month in most ISO jurisdictions. The options were designed to provide insurers with tools to help develop insurance programs for businesses that may use drones. The new options, …
  The article ISO Drone Insurance Coverage Options Now Available to Insurers appeared first on Insurance Journal.
  
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• Massive Copper Theft in NYC Latest Example of Troubling Trend Nationwide

  03-06-2015 18:52
  
  Longtime New York City subway cops have seen copper thefts before, but last week’s heist on a stretch of open-air tracks was particularly brazen: 500 feet of inch-thick cable stripped from the rails in the middle of the night. The …
  The article Massive Copper Theft in NYC Latest Example of Troubling Trend Nationwide appeared first on Insurance Journal.
  
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• FEMA head Brad Kieserman out as Sandy payout-review requests pour in

  03-06-2015 18:30
  Brad Kieserman announced he is resigning after four months on the job.
  
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• Way Named President of Austin Association of Insurance Professionals

  03-06-2015 18:29
  
  Tiffany Way, with All Risks Ltd., has been installed as president of the Austin Association of Insurance Professionals. Other newly installed 2015/16 AAIP officers and directors are: President-Elect Janie Frias, Risk Placement Services Vice President Lauren Pearson, McGowan, Donnelly & …
  The article Way Named President of Austin Association of Insurance Professionals appeared first on Insurance Journal.
  
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• Universal Property & Casualty Writes 1st Homeowners Policy in Pennsylvania

  03-06-2015 18:25
  
  Universal Insurance Holdings Inc. announced that the Pennsylvania Insurance Department has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), and that UPCIC has subsequently written its first homeowners insurance policy …
  The article Universal Property & Casualty Writes 1st Homeowners Policy in Pennsylvania appeared first on Insurance Journal.
  
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• Ratings of Ohio’s Buckeye State Mutual Downgraded

  03-06-2015 18:24
  
  A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit ratings to “bb+” from “bbb-” of Buckeye State Mutual Insurance Co. (Buckeye) of Piqua, Ohio, and its insurance affiliate: Home and Farm Insurance Co. in Fort …
  The article Ratings of Ohio’s Buckeye State Mutual Downgraded appeared first on Insurance Journal.
  
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• Tornado Caused $18.6M in Damage at Wisconsin Campus

  03-06-2015 18:20
  
  A final tally shows a tornado that struck the University of Wisconsin-Platteville campus nearly a year ago caused $18.6 million in damage. The school released the final damage numbers on June 2. The tornado hit the campus on June 16, …
  The article Tornado Caused $18.6M in Damage at Wisconsin Campus appeared first on Insurance Journal.
  
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• Allied World Launches New Cyber Risk Assessment, Mitigation Service

  03-06-2015 18:19
  
  Allied World North America has launched Allied World // FrameWRX, a prescriptive and proactive cyber risk management program designed to help companies to address their exposures. This new offering provides Allied World’s Privacy // 403 SRVS and Privacy // 403 SRVS …
  The article Allied World Launches New Cyber Risk Assessment, Mitigation Service appeared first on Insurance Journal.
  
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• Minnesota Dairy Farmers Awarded $2.5M in Stray Voltage Case

  03-06-2015 18:17
  
  A jury has awarded nearly $2.5 million to Waverly, Minn., dairy farmers who say stray voltage from their power company’s faulty equipment cut deeply into their production. After a long legal fight that included a ruling from the Minnesota Supreme …
  The article Minnesota Dairy Farmers Awarded $2.5M in Stray Voltage Case appeared first on Insurance Journal.
  
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• Federal Aid Sought for 13 More Oklahoma Counties

  03-06-2015 18:15
  
  Gov. Mary Fallin is seeking federal disaster funds for 13 more Oklahoma counties to help repair damage following flooding, tornadoes and severe storms last month. Fallin’s earlier request for federal aid has already been approved for individuals and business owners …
  The article Federal Aid Sought for 13 More Oklahoma Counties appeared first on Insurance Journal.
  
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• Health Insurers in Illinois, Michigan Seeking Rate Hikes for 2016

  03-06-2015 18:13
  
  Blue Cross Blue Shield and Blue Care Network, which sell medical insurance to more than half of Michigan residents who buy their own coverage under the federal health care law, are seeking 2016 premium increases that average about 10 percent, …
  The article Health Insurers in Illinois, Michigan Seeking Rate Hikes for 2016 appeared first on Insurance Journal.
  
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• Hurricane Blanca Grows off Mexico Coast; Headed for Tip of Baja

  03-06-2015 17:46
  
  Hurricane Blanca strengthened to a category 4 storm off Mexico’s Pacific coast on Wednesday and was expected to bear down on a tourist hub at the southern tip of the Baja California peninsula, the U.S. National Hurricane Center said. Blanca, …
  The article Hurricane Blanca Grows off Mexico Coast; Headed for Tip of Baja appeared first on Insurance Journal.
  
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• W.R. Berkley Names Ballard, Lederman, Shiel to Executive VP Posts

  03-06-2015 17:39
  
  W. R. Berkley Corp. announced the appointments of Eugene G. Ballard, Ira S. Lederman and James G. Shiel to the offices of executive vice president. Ballard has been with the Greenwich, Conn.-based company since 1999, serving as senior vice president …
  The article W.R. Berkley Names Ballard, Lederman, Shiel to Executive VP Posts appeared first on Insurance Journal.
  
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• Motor-Vehicle Crash Deaths in Arizona Fell In 2014

  03-06-2015 17:28
  
  The Arizona Department of Transportation reported that deaths of Arizona residents in motor-vehicle crashes dropped by nearly 9 percent in 2014. The department collected data on law enforcement reports to find that 774 people died in motor-vehicle accidents last year …
  The article Motor-Vehicle Crash Deaths in Arizona Fell In 2014 appeared first on Insurance Journal.
  
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• California Assembly Advances Earthquake Safety Bills

  03-06-2015 17:26
  
  The California Assembly is advancing a pair of bills designed to help buildings withstand earthquakes. The legislation approved unanimously this week would expand financial incentives for seismic retrofits. AB428 would establish a 30 percent tax credit to help cover the …
  The article California Assembly Advances Earthquake Safety Bills appeared first on Insurance Journal.
  
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• Woman Who Lost Silicon Valley Sex Suit Appealing Verdict

  03-06-2015 17:24
  
  A woman at the center of a high-profile gender bias lawsuit against an elite Silicon Valley venture capital firm filed an appeal of a jury verdict against her. Alan Exelrod, an attorney for plaintiff Ellen Pao, filed the two-page notice …
  The article Woman Who Lost Silicon Valley Sex Suit Appealing Verdict appeared first on Insurance Journal.
  
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• Exec’s Parting Shot: Flood Insurance Program Is a ‘Melting Iceberg’

  03-06-2015 17:13
  
  The outgoing director of the National Flood Insurance Program (NFIP) says the program is a “melting iceberg” that is incapable of properly managing its various players including the private insurance carriers that sell policies and handle claims. The government has …
  The article Exec’s Parting Shot:Flood Insurance Program Is a ‘Melting Iceberg’ appeared first on Insurance Journal.
  
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• Schinnerer Names Falecki Forest & Logging Practice Leader in California

  03-06-2015 17:05
  
  Victor O. Schinnerer & Co. has named Steve Falecki vice president and forest and logging practice leader. Falecki will lead Schinnerer’s forest and logging underwriting unit housed in Sacramento, Calif. He will be based in the firm’s Sacramento office and …
  The article Schinnerer Names Falecki Forest & Logging Practice Leader in California appeared first on Insurance Journal.
  
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• Advocating for a healthy and competitive Florida home insurance market

  03-06-2015 16:33
  After back-to-back-to-back hurricanes a decade ago, many insurers fled Florida, leaving homeowners with a few, expensive choices. Today, the market is much healthier, competitive and homegrown.
  
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• California insurance commissioner appoints new enforcement top cop

  03-06-2015 15:57
  California insurance commissioner Dave Jones has appointed George Mueller as the new deputy commissioner for the Department of Insurance's enforcement branch.
  
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• Consumers put the brakes on auto insurance shopping

  03-06-2015 15:54
  TransUnion says auto insurance purchases have plateaued over the past two years.
  
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• Rich towns pay less for flood coverage, study finds - Boston Globe (subscription)

  03-06-2015 15:19 via bostonglobe.com
  
  Boston Globe (subscription)
  Rich towns pay less for flood coverage, study finds
  Boston Globe (subscription)
  In Edgartown on Martha's Vineyard, where stately homes and oceanfront retreats have lured sea captains, celebrities and even vacationing presidents, homeowners pay an average of about $1,400 annually in flood insurance premiums, less than many other ...and more »
  
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• Drone industry taking off, thanks to insurers’ willingness to write cover

  03-06-2015 15:15
  Marsh report finds insurance capacity for drone operations is plentiful and expanding.
  
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• 100 best sales & marketing ideas: 41-50

  03-06-2015 14:43
  To succeed in selling online, you'll need to listen more and provide value through a consultative approach in order to capture the attention of your audience.
  
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• Google Suspects Movie Studios Conspired with Mississippi Attorney General

  03-06-2015 14:40
  
  Google Inc. has asked a federal judge to require three major movie studios to comply with subpoenas it believes may help show they conspired with Mississippi Attorney General Jim Hood as he investigated the Internet search company. In a request …
  The article Google Suspects Movie Studios Conspired with Mississippi Attorney General appeared first on Insurance Journal.
  
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• Google Suspects Move Studios Conspired with Mississippi Attorney General

  03-06-2015 14:40
  
  Google Inc. has asked a federal judge to require three major movie studios to comply with subpoenas it believes may help show they conspired with Mississippi Attorney General Jim Hood as he investigated the Internet search company. In a request …
  The article Google Suspects Move Studios Conspired with Mississippi Attorney General appeared first on Insurance Journal.
  
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• Some Insurers Seeking 10-20% Rate Hikes on Obamacare Businesss

  03-06-2015 14:16
  
  U.S. health insurers are submitting their 2016 rate requests for Affordable Care Act policies, with some asking for big increases as they adjust to customers who’ve recently gained coverage through the marketplaces. Many of the requests, which span hundreds of …
  The article Some Insurers Seeking 10-20% Rate Hikes on Obamacare Businesss appeared first on Insurance Journal.
  
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• Bad Companies Feel Shake Out in Energy Sector the Most

  03-06-2015 14:15
  
  While the per barrel oil price has rebounded somewhat after it plunged to under $45 per barrel in March 2015, the energy industry — and by extension the energy-focused insurance sector — continues to adjust to the impact of the …
  The article Bad Companies Feel Shake Out in Energy Sector the Most appeared first on Insurance Journal.
  
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• Congress Asks Why Takata Air Bag Defect Went Unresolved So Long

  03-06-2015 14:08
  
  Lawmakers on Tuesday sought answers from Takata Corp. on just how much is being done to to find the root cause of an air-bag defect that caused dozens of explosions and at least six deaths. “I have serious concerns about …
  The article Congress Asks Why Takata Air Bag Defect Went Unresolved So Long appeared first on Insurance Journal.
  
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• 4 tips for the successful underwriter

  03-06-2015 14:00
  Maintaining underwriting standards and building personal relationships will go a long way to helping you be a more successful underwriter.
  
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• Dircks Named Senior Vice President for Lockton Global Energy in Bermuda

  03-06-2015 12:38
  
  Insurance broker Lockton has named Josh Dircks as a senior vice president in Lockton Bermuda to expand the capabilities of the Lockton Global Energy expertise on the island. As a key senior leader of the Lockton Global Energy and Lockton …
  The article Dircks Named Senior Vice President for Lockton Global Energy in Bermuda appeared first on Insurance Journal.
  
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• Ironshore Names Owen as Senior Vice President of Global Property Energy

  03-06-2015 11:52
  
  Bermuda-based Ironshore has named Daniel Owen as senior vice president of the Global Property Energy division, effective immediately. Owen, who joined Ironshore in 2011, is currently senior vice president of Global Property Builder’s Risk business lines and will continue in …
  The article Ironshore Names Owen as Senior Vice President of Global Property Energy appeared first on Insurance Journal.
  
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• Ironshore Appoints Owen as Senior Vice President of Global Property Energy

  03-06-2015 11:52
  
  Bermuda-based Ironshore has named Daniel Owen as senior vice president of the Global Property Energy division, effective immediately. Owen, who joined Ironshore in 2011, is currently senior vice president of Global Property Builder’s Risk business lines and will continue in …
  The article Ironshore Appoints Owen as Senior Vice President of Global Property Energy appeared first on Insurance Journal.
  
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• ‘Brexit’ a Major Political Risk for UK Insurers: ABI Chief Exec

  03-06-2015 11:44
  
  The risk of a British exit [‘Brexit’] from the European Union is causing major political uncertainty for the insurance industry, the chief executive of the Association of British Insurers (ABI) said on Tuesday. This is compounded by the risk of …
  The article ‘Brexit’ a Major Political Risk for UK Insurers: ABI Chief Exec appeared first on Insurance Journal.
  
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• RSA Appoints Gray as Marine Sales & Broker Manager, London Market, Europe

  03-06-2015 11:33
  
  RSA, one of the largest UK marine insurers, has appointed Calvin Gray to the newly created role of marine sales and broker manager, London market and Europe. Reporting to Richard Turner, marine director, Gray will be responsible for driving sales …
  The article RSA Appoints Gray as Marine Sales & Broker Manager, London Market, Europe appeared first on Insurance Journal.
  
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• Australia’s April-May Storm Loss Claims Reach US$1.208 Billion

  03-06-2015 10:56
  
  The Insurance Council of Australia (ICA) announced that insurance losses from claims following from storms in April and May at A$1.551 billion [US$1.208 billion], as a series of severe storms hit eastern Australia. The ICA said its “member companies have …
  The article Australia’s April-May Storm Loss Claims Reach US$1.208 Billion appeared first on Insurance Journal.
  
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• Chinese Insurers Send Claims Teams to Site of Yangtze Ship Disaster

  03-06-2015 10:25
  
  PICC Property and Casualty Co. Ltd., the insurer of a ship that capsized in China’s Yangtze River on Monday, and other insurers have sent teams to the site to settle claims in connection with what could be the country’s worst …
  The article Chinese Insurers Send Claims Teams to Site of Yangtze Ship Disaster appeared first on Insurance Journal.
  
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