Insurance news

• Judge Denies Uber Arbitration in Dispute with Drivers

  10-06-2015 21:14
  
  Uber lost a bid to force arbitration in a lawsuit brought by its drivers, as a U.S. judge ruled the smartphone-based taxi service’s 2013 and 2014 employment contracts dealing with arbitration from were “unconscionable, and therefore unenforceable.” The ruling, from …
  The article Judge Denies Uber Arbitration in Dispute with Drivers appeared first on Insurance Journal.
  
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• Consumer Group Says Proposed Health Insurance Rate Hikes 'Unjustified' - OPB News

  10-06-2015 20:37 via opb.org
  
  OPB News
  Consumer Group Says Proposed Health Insurance Rate Hikes 'Unjustified'
  OPB News
  Health insurance companies haven't justified their proposed increases for next year, according to an Oregon consumer group. Alex Proimos/Flickr. The insurance company with the largest enrollment, Moda, is asking for a 25 percent increase next year.and more »
  
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• Property insurance moratorium lifted for Puna district affected by lava flow - Hawaii News Now

  10-06-2015 19:39 via hawaiinewsnow.com
  
  Big Island Now
  Property insurance moratorium lifted for Puna district affected by lava flow
  Hawaii News Now
  Hawaii Property Insurance Association, the company set up by the state of Hawaii to provide insurance for homes in high-risk lava zones on the Big Island, has lifted a moratorium on purchasing insurance for homes affected by last year's lava flow in Puna.
  Homeowner's insurance again available in lava areaHonolulu Star-Advertiser
  Property insurance moratorium lifted for Puna distri
  
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• Insurance: Don't wait until a dispute to protect your balance sheet - Furniture Today (blog)

  10-06-2015 19:29 via furnituretoday.com
  Insurance: Don't wait until a dispute to protect your balance sheet
  Furniture Today (blog)
  It's unavoidable: as a business owner, you will have an insurance claim sooner or later. It could mean thousands or even millions of dollars to be proactive about your insurance coverage. Here are a couple of simple steps every furniture business owner ...
  
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• Annville police warn residents of persons selling fake insurance - abc27

  10-06-2015 19:22 via abc27.com
  
  abc27
  Annville police warn residents of persons selling fake insurance
  abc27
  ANNVILLE, Pa. (WHTM) – Police in Annville Township are warning residents of agents selling false insurance. On Tuesday, two males reportedly approached a resident and claimed to represent a medical insurance company. Police determined those men ...
  
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• Ironshore Names Whitehead Chief Underwriting Officer for Special Casualty

  10-06-2015 19:02
  
  Ironshore Inc. has named Kevin Whitehead as executive vice president and chief underwriting officer of the Specialty Casualty unit.  He will be responsible for setting underwriting guidelines and strategies for existing and new product lines for Specialty Casualty nationwide. He …
  The article Ironshore Names Whitehead Chief Underwriting Officer for Special Casualty appeared first on Insurance Journal.
  
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• Health Insurers Ask Pennsylvania Regulators for Big Rate Hikes

  10-06-2015 18:59
  
  A national upswing of health insurance rates is coming to Pennsylvania, and that could mean bigger-than-expected cost increases next year for at least a couple hundred thousand Pennsylvanians who bought insurance in the marketplace created by the 2010 federal health …
  The article Health Insurers Ask Pennsylvania Regulators for Big Rate Hikes appeared first on Insurance Journal.
  
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• MarketScout Launches New High Net Worth Underwriting Facility

  10-06-2015 18:54
  
  MarketScout, the national electronic insurance exchange and specialty MGA, has expanded its specialty high net worth underwriting practice with the addition of a new non-admitted $3.1 billion facility targeting agents with specialty expertise in the high net worth homeowners segment. …
  The article MarketScout Launches New High Net Worth Underwriting Facility appeared first on Insurance Journal.
  
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• Miller Confirmed as Pennsylvania's Insurance Commissioner - Insurance Journal

  10-06-2015 18:52 via insurancejournal.com
  
  Insurance Journal
  Miller Confirmed as Pennsylvania's Insurance Commissioner
  Insurance Journal
  Pennsylvania's Senate unanimously confirmed Teresa Miller as the state's insurance commissioner. Miller was appointed to the commissioner post by Gov. Tom Wolf and has been serving as the state's acting insurance commissioner following the governor's ...
  
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• NU Holdings Acquires Indianapolis Loss Control Services Firm

  10-06-2015 18:51
  
  NU Holdings Inc., based in Dayton, Ohio, has acquired Indianapolis-based Thorn Valley Enterprises, which provides loss control services to insurers and general agencies. Thorn Valley has been in operation since 2000. According to the companies’ announcement, investments in technology, expanded marketing …
  The article NU Holdings Acquires Indianapolis Loss Control Services Firm appeared first on Insurance Journal.
  
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• Miller Confirmed as Pennsylvania’s Insurance Commissioner

  10-06-2015 18:47
  
  Pennsylvania’s Senate unanimously confirmed Teresa Miller as the state’s insurance commissioner. Miller was appointed to the commissioner post by Gov. Tom Wolf and has been serving as the state’s acting insurance commissioner following the governor’s inauguration on Jan. 20. Miller, …
  The article Miller Confirmed as Pennsylvania’s Insurance Commissioner appeared first on Insurance Journal.
  
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• High Growth Agencies Build Business Differently: Survey

  10-06-2015 18:42
  
  A survey of high growth insurance firms conducted and released late last year by a Texas-based consultant found that such organizations hire differently and produce business differently than low growth firms. They also make use of specialized skills and research …
  The article High Growth Agencies Build Business Differently: Survey appeared first on Insurance Journal.
  
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• Arson Suspected in Car Dealership Fire in Northern California

  10-06-2015 18:28
  
  Arson investigators say they suspect car fires were intentionally set at a dealership north of San Francisco. KNTV-TV reported Sgt. Sasha D’Amico says officers found several vehicles on fire when they responded to a call Wednesday night about a brush …
  The article Arson Suspected in Car Dealership Fire in Northern California appeared first on Insurance Journal.
  
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• Nevada Governor Wants Officials to Support Self-Driving Cars

  10-06-2015 18:23
  
  Nevada Gov. Brian Sandoval said this week he wants state transportation officials to consider adding support for self-driving cars as part of a multimillion-dollar highway widening and expansion project in Las Vegas. The Republican governor, who referenced a self-driving semitruck that …
  The article Nevada Governor Wants Officials to Support Self-Driving Cars appeared first on Insurance Journal.
  
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• Montana Farmers Union Recognizes Effects of Climate Change

  10-06-2015 18:21
  
  The Montana Farmers Union launched an initiative this month to educate its 11,000 members about the effects of global warming in Montana, where early signs may be decreasing snowpack and resilient weeds and pests. The union’s move is the first …
  The article Montana Farmers Union Recognizes Effects of Climate Change appeared first on Insurance Journal.
  
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• Construction of 2 Flood Barriers in Iowa City Almost Finished

  10-06-2015 18:20
  
  Workers are finishing up two multimillion dollar flood barriers in Iowa City even as residents welcome a break from flooding that has hit the area in past years. Forecasters with the National Weather Service predict a less than 5 percent …
  The article Construction of 2 Flood Barriers in Iowa City Almost Finished appeared first on Insurance Journal.
  
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• Preliminary Data Shows 99 Twisters Reported in Kansas in May

  10-06-2015 18:19
  
  Preliminary data shows storms that hit Kansas in May prompted reports of 99 tornadoes in the state. The national weather service says the number is likely to drop as multiple reports of the same tornado are eliminated. But meteorologist Greg …
  The article Preliminary Data Shows 99 Twisters Reported in Kansas in May appeared first on Insurance Journal.
  
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• Worlitz Joins MarketScout’s Private Client Division in Dallas

  10-06-2015 18:16
  
  MarketScout, an electronic insurance exchange and specialty MGA headquartered in Dallas, has expanded its specialty high net worth underwriting and brokerage practice with the addition of Lindsey Worlitz as an underwriter for the Private Client Solutions Division Non-Admitted. Prior to …
  The article Worlitz Joins MarketScout’s Private Client Division in Dallas appeared first on Insurance Journal.
  
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• Louisiana Driver’s Death May Be 7th from Recalled Air Bag

  10-06-2015 18:09
  
  A Louisiana woman who got an air bag recall notice for her 2005 Honda Civic two days after the crash that killed her may be the seventh fatality linked to the defective Takata Corp. safety device. The driver, Kylan Langlinais, …
  The article Louisiana Driver’s Death May Be 7th from Recalled Air Bag appeared first on Insurance Journal.
  
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• How Allstate's Mayhem Disrupted the Chatter Around Insurance - AdAge.com

  10-06-2015 18:01 via adage.com
  
  How Allstate's Mayhem Disrupted the Chatter Around Insurance
  AdAge.com
  Mayhem may wreak havoc for drivers, but the spokescharacter has helped disrupt the conversation around insurance when Allstate needed it most. The destructive force played by Dean Winters broke onto the scene five years ago following Geico's gecko and ...
  
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• Report: 4.5M U.S. Homes at Extreme Wildfire Risk as Drought Continues

  10-06-2015 17:50
  
  A report issued today shows 4.5 million U.S. homes at high or extreme risk of wildfire of homes in the as the multi-year drought continues. The report’s author said the worsening drought means 2015 has the potential to be one …
  The article Report: 4.5M U.S. Homes at Extreme Wildfire Risk as Drought Continues appeared first on Insurance Journal.
  
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• Report: 4.5 Million U.S. Homes at Extreme Wildfire Risk as Drought Continues

  10-06-2015 17:50
  
  A report issued today shows 4.5 million U.S. homes at high or extreme risk of wildfire as the multi-year drought continues. The report’s author said the worsening drought means 2015 has the potential to be one of the most devastating …
  The article Report: 4.5 Million U.S. Homes at Extreme Wildfire Risk as Drought Continues appeared first on Insurance Journal.
  
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• Report: 4.5 Million Homes in 13 States at Extreme Wildfire Risk

  10-06-2015 17:50
  
  A report issued today shows 4.5 million U.S. homes at high or extreme risk of wildfire as the multi-year drought continues. The report’s author said the worsening drought means 2015 has the potential to be one of the most devastating …
  The article Report: 4.5 Million Homes in 13 States at Extreme Wildfire Risk appeared first on Insurance Journal.
  
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• Center for Work-Related Health Needs Opens in Buffalo, New York

  10-06-2015 17:45
  
  A center focused on workplace-related medical needs is open in Buffalo. The Center for Occupational & Environmental Medicine opened on June 5 at the Erie County Medical Center. At least nine such centers have been funded by New York state …
  The article Center for Work-Related Health Needs Opens in Buffalo, New York appeared first on Insurance Journal.
  
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• Virginia Gov.: Elephant Auto Insurance to Add 1,173 Jobs in Henrico County

  10-06-2015 17:35
  
  On day two of a European trade mission, Virginia Gov. Terry McAuliffe has snared nearly 1,200 jobs for his state. The economic development announced Tuesday from Cardiff, Wales, involves a $2 million investment by Elephant Auto Insurance to expand its …
  The article Virginia Gov.: Elephant Auto Insurance to Add 1,173 Jobs in Henrico County appeared first on Insurance Journal.
  
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• Supreme Court to Hear Tyson Challenge to Damages in Worker Pay Class Action

  10-06-2015 16:49
  
  The U.S. Supreme Court on Monday agreed to take up Tyson Foods Inc.’s challenge to an almost $5.8 million judgment awarded against the company over worker pay at an Iowa meat-processing facility in a case that gives the nine justices …
  The article Supreme Court to Hear Tyson Challenge to Damages in Worker Pay Class Action appeared first on Insurance Journal.
  
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• If everyone is a specialist, how can you be special? Learn 3 ways

  10-06-2015 16:49
  
  There is value in specializing as long as there are increasingly complex risks and correspondingly intricate coverages--both trends that show no signs of reversing. The challenge for brokers is figuring out how to specialize in a way that leads to the greatest business results.
  
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• Assurant to exit health insurance business - Milwaukee Journal Sentinel

  10-06-2015 16:45 via jsonline.com
  
  Fox11online.com
  Assurant to exit health insurance business
  Milwaukee Journal Sentinel
  Assurant Inc., the parent of Assurant Health in Milwaukee, said that it will exit the health insurance market and that it has reached an agreement to sell certain business lines and assets to National General Holdings Corp. Assurant Health employs 1 ...
  Assurant exits health insurance business, sells some assetsFox11online.com
  Assurant (AIZ) Completes Strategic Review; Plans to Exit Health Insurance MarketStre
  
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• The Boiler Inspection and Insurance Company of Canada Expands Data Breach ... - Business Wire (press release)

  10-06-2015 16:39 via businesswire.com
  The Boiler Inspection and Insurance Company of Canada Expands Data Breach ...
  Business Wire (press release)
  TORONTO--(BUSINESS WIRE)--The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, today announced data breach coverage enhancements for businesses and complimentary access to a suite of online tools to help ...and more »
  
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• 5 crazy claims you won’t believe

  10-06-2015 16:33
  
  Sometimes you have to wonder what people are thinking when they file their claims.
  
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• U.S. Pushes for Collision Prevention Technology on All New Cars, Trucks

  10-06-2015 16:29
  
  U.S. safety officials this week called on automakers to begin installing collision avoidance systems in all new passenger and commercial vehicles, saying existing technology could save lives and avoid injuries by reducing rear-end collisions. The National Transportation Safety Board said …
  The article U.S. Pushes for Collision Prevention Technology on All New Cars, Trucks appeared first on Insurance Journal.
  
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• 10 ways to secure private data

  10-06-2015 16:23
  
  Insurers and agents can be held liable for the loss of protected information.
  
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• House Could Vote on Fast-Track Trade Bill Friday

  10-06-2015 16:05
  
  U.S. lawmakers have reached a deal on funding to help workers who lose their jobs due to trade, possibly paving the way for a vote on legislation key to President Barack Obama’s signature Pacific trade pact as early as Friday. …
  The article House Could Vote on Fast-Track Trade Bill Friday appeared first on Insurance Journal.
  
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• The talent gap's direct impact on merger & acquisition activity

  10-06-2015 16:00
  
  Lost in all of the hoopla over the extremely active M&A environment is the fact that the great majority of sell-side transactions occur due to many firms’ inability to perpetuate internally.
  
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• Time to lawyer up: What Florida’s new drone law means for you

  10-06-2015 15:31
  
  Florida recently updated its drone law, leaving many unanswered questions. Here is an overview of what the changes mean for you.
  
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• Harnessing Insurance Markets to Enhance Climate Resilience - Center For American Progress

  10-06-2015 15:08 via americanprogress.org
  
  Center For American Progress
  Harnessing Insurance Markets to Enhance Climate Resilience
  Center For American Progress
  Farmers prepare rice seedlings for planting in the Philippines, where less than 10 percent of farmers have crop insurance. By Pete Ogden & Ben Bovarnick | Wednesday, June 10, 2015. PRINT: print icon; SHARE: Facebook icon · Twitter icon · Share on ...
  
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• Santa Monicans pay more for car insurance - Santa Monica Daily Press

  10-06-2015 15:02 via smdp.com
  
  Santa Monicans pay more for car insurance
  Santa Monica Daily Press
  California is an expensive place to live, but some residents feel the burden of this more than others when it comes time to pay their car insurance bills. To determine where Californians pay the most for car insurance, personal finance site NerdWallet ...
  
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• Women say 'no thanks' to driverless cars, men say 'tell me more' [Survey]

  10-06-2015 14:39
  
  Automakers will have to focus on women if they hope to make driverless cars mainstream, according to a NerdWallet survey that shows men are far more likely to express interest in the new technology.
  
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• Do I need insurance when renting a vacation home?

  10-06-2015 14:16
  
  As the summer vacation season heats up, insurance agents and brokers may get questions from clients about coverage issues for vacation home rentals.
  
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• 100 best sales & marketing ideas: 81-90

  10-06-2015 14:11
  
  Want to gain (and keep) more clients? Avoid sticker shock, make prospects laugh and craft a memorable user experience.
  
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• Happy 'health care birthday!' It's time to buy insurance - 89.3 KPCC (blog)

  10-06-2015 14:03 via scpr.org
  
  89.3 KPCC (blog)
  Happy 'health care birthday!' It's time to buy insurance
  89.3 KPCC (blog)
  KPCC's Rebecca Plevin holds our downloadable, printable birthday card for your friends and family who are turning 26. Maya Sugarman/KPCC. 106787 full. Share. Share via Email email; Share on Twitter; Share on Facebook. Under the Affordable Care Act, ...
  
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• 7 ways you can promote social referrals

  10-06-2015 13:55
  
  You can use a social referral or event to reach out to new prospects. Here are 7 tips for how to sell yourself without overstepping.
  
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• Uncovering PPC Best Practices With Allstate Insurance - ClickZ

  10-06-2015 12:41 via clickz.com
  
  Uncovering PPC Best Practices With Allstate Insurance
  ClickZ
  In the lead up to his presentation at ClickZ Live Toronto, Finhas Jhaveri, Manager of Digital & Cultural Marketing at Allstate Insurance Canada chats to us about PPC best practices. finhas-jhaveri-allstate-insurance When it comes to PPC, the insurance ...
  
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• Ireland's central bank lacks adequate powers to regulate insurance: Official - Business Insurance

  10-06-2015 12:37 via businessinsurance.com
  Ireland's central bank lacks adequate powers to regulate insurance: Official
  Business Insurance
  Cyril Roux, deputy governor of the Central Bank of Ireland, said that the bank lacked sufficient powers or staff for effective regulation of the insurance industry, reported The Irish Times. Mr. Roux said this to the country's finance department. An ...
  Central Bank warns on ability to monitor insurance sectorIrish Timesall 17 news articles »
  
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• Judge Orders Trinity Guardrail Maker to Pay $663M for Cheating Government

  10-06-2015 12:36
  
  Trinity Industries Inc., maker of a highway guardrail safety system tied to at least nine deaths, was told by a judge to pay $663 million for defrauding the U.S. government. The decision Tuesday by U.S. District Judge Rodney Gilstrap in …
  The article Judge Orders Trinity Guardrail Maker to Pay $663M for Cheating Government appeared first on Insurance Journal.
  
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• A Common and Costly Mistake With Life Insurance - Wall Street Journal (blog)

  10-06-2015 12:03 via blogs.wsj.com
  
  Wall Street Journal (blog)
  A Common and Costly Mistake With Life Insurance
  Wall Street Journal (blog)
  TED JENKIN: Everyone dreads talking about with family or a financial professional about how much life-insurance coverage they need. In many marriages, it is still usually one spouse who drives the conversation about how much life insurance the family ...
  
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• Munich Re Confirms Riess as Future ERGO Chairman, Board Member

  10-06-2015 11:38
  
  The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board of Management and also as its Chairman. Moreover, Munich Re’s Supervisory Board has also appointed Riess as a member of the Munich Re Board of …
  The article Munich Re Confirms Riess as Future ERGO Chairman, Board Member appeared first on Insurance Journal.
  
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• Cyber Security – ‘a Fast Growing Emerging Risk’ for Companies – S&P Reports

  10-06-2015 11:29
  
  “For corporate borrowers, as well as Standard & Poor’s Ratings Services’ assessment of credit quality, cyber risk is a growing source of concern, given the increasing frequency of reported incidents,” says a new analysis report from S&P – “Cyber Risk And …
  The article Cyber Security – ‘a Fast Growing Emerging Risk’ for Companies – S&P Reports appeared first on Insurance Journal.
  
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• Allianz to Shrink German Branch Network; Hit by Low Interest Rates

  10-06-2015 11:21
  
  Allianz SE, Europe’s biggest insurer, said it will shrink its administrative branch network in Germany as low interest rates and regulatory demands hurt industry profitability. About 360 jobs, or about 1 percent of employees in Germany, will be affected, mainly …
  The article Allianz to Shrink German Branch Network; Hit by Low Interest Rates appeared first on Insurance Journal.
  
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• Airlines Debate How to Assess Pilots’ Mental Health after Germanwings Crash

  10-06-2015 11:11
  
  Pilot screening and mental health measures aimed at preventing a recurrence of the Germanwings crash are rife with complications that will make them tough to implement, airline industry executives said this week. International Air Transport Association (IATA) Director General Tony …
  The article Airlines Debate How to Assess Pilots’ Mental Health after Germanwings Crash appeared first on Insurance Journal.
  
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