Insurance news

• Ferree Joins Leavitt Group in Montana

  12-06-2015 23:33
  
  Jason Ferree has joined their Leavitt Great West Insurance Services’ Missoula, Mont. agency as a benefits agent. Ferree began his career in insurance in 2001 as a district sales manager marketing health plans, later working as an employee benefits consultant. …
  The article Ferree Joins Leavitt Group in Montana appeared first on Insurance Journal.
  
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• Finston Named General Counsel of California Department of Insurance

  12-06-2015 22:33
  
  John Finston was named general counsel for the California Department of Insurance. Finston, who has served as deputy commissioner for corporate and regulatory affairs for three years, will replace outgoing General Counsel Adam Cole. Finston has practiced regulatory law for …
  The article Finston Named General Counsel of California Department of Insurance appeared first on Insurance Journal.
  
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• U.S. agency confirms seventh death tied to Takata air bags

  12-06-2015 22:22
  
  The death of a woman in a recent car crash in Louisiana is probably the seventh fatality linked to Takata’s defective air-bag inflators in the U.S.
  
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• Charges: Two falsified insurance claims - WRAL.com

  12-06-2015 22:13 via wral.com
  
  WRAL.com
  Charges: Two falsified insurance claims
  WRAL.com
  Raleigh, N.C. — A Raleigh woman was arrested Thursday, charged with lying about a car accident in an insurance claim, Insurance Commissioner Wayne Goodwin said. Sonia Renee Baker, 39, of 1108 Beverly Drive, is charged with one count each of ...
  
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• Workers’ Compensation Eyes Telemedicine As Treatment Option

  12-06-2015 20:52
  
  Cost savings, better access to care, immediate triaging of injuries and faster claims closings are just some of the benefits of telemedicine, according to workers’ compensation experts, who also say its use is growing. Telemedicine could potentially deliver more than …
  The article Workers’ Compensation Eyes Telemedicine As Treatment Option appeared first on Insurance Journal.
  
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• CNA Hires Dipasupil as VP of Underwriting in New York

  12-06-2015 19:42
  
  Chicago-based CNA hired Jay Dipasupil as vice president, Underwriting, Errors & Omissions for Professional Services and Financial Institutions, reporting to Chris Leisz, chief underwriting officer and senior vice president. Dipasupil is based in CNA’s New York City office. In this …
  The article CNA Hires Dipasupil as VP of Underwriting in New York appeared first on Insurance Journal.
  
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• People on the Move: June 12, 2015

  12-06-2015 19:34
  
  News from MarketScout, Aspen, Patriot National, Xchanging plc and more.
  
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• N.Y. Assembly OKs Bill Allowing Later Claims for Medical Malpractice

  12-06-2015 18:51
  
  New York’s state Assembly has passed legislation that would let victims of medical malpractice file claims later than allowed now. Current law requires filing claims within two-and-a-half years after the act, omission or improper treatment. The legislation would start that …
  The article N.Y. Assembly OKs Bill Allowing Later Claims for Medical Malpractice appeared first on Insurance Journal.
  
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• Natural Gas Firm Says It’s Not Causing Texas Quakes

  12-06-2015 18:51
  
  A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove on June 10 that it is not to blame for a recent rash of small earthquakes in North Texas, telling a powerful state agency that it …
  The article Natural Gas Firm Says It’s Not Causing Texas Quakes appeared first on Insurance Journal.
  
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• Farmers Expects $80 Million in Claims from May Storms

  12-06-2015 18:45
  
  Storms moving through multiple states at the end of May including Texas, Oklahoma, Kansas and Arkansas, have resulted in more than 9,000 claims already filed across multiple states for Farmers Insurance. Farmers expects to see nearly 15,000 claims across nine …
  The article Farmers Expects $80 Million in Claims from May Storms appeared first on Insurance Journal.
  
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• McCormick Sued by Rival over Amount of Pepper in Tins

  12-06-2015 18:40
  
  A dust-up over pepper has landed in federal court in Minneapolis. A small Minnesota producer, Watkins Inc., filed a lawsuit against giant spice maker McCormick & Co., claiming it has misled consumers by secretly cutting the amount of pepper in …
  The article McCormick Sued by Rival over Amount of Pepper in Tins appeared first on Insurance Journal.
  
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• South Dakota Lt. Governor a Defendant in Medical Lawsuit

  12-06-2015 18:38
  
  The family of a woman who died after a series of surgeries has named Lt. Gov. Matt Michels in his role as an attorney for Avera Health as a defendant in a federal lawsuit. Michels tells the Argus Leader that …
  The article South Dakota Lt. Governor a Defendant in Medical Lawsuit appeared first on Insurance Journal.
  
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• Homes, Farmland Underwater in Louisiana as Red River Floods

  12-06-2015 18:34
  
    Flooding from the swelling Red River put hundreds of homes and farmland underwater or in danger in rural northwest Louisiana, and state officials said that they would seek a federal disaster declaration to get help for residents. Recovery teams …
  The article Homes, Farmland Underwater in Louisiana as Red River Floods appeared first on Insurance Journal.
  
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• Mayor: Many Will Leave Delmont Due to Tornado

  12-06-2015 18:31
  
  Many residents of tornado-ravaged Delmont don’t plan to come back, and the community is looking for ways to pull through. About 200 people live in the town, and “it looks like maybe half will return,” Mayor Mae Gunnare told KELO-TV. …
  The article Mayor: Many Will Leave Delmont Due to Tornado appeared first on Insurance Journal.
  
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• Warm Weather Bringing Relief from Record U.S. Bird-Flu Outbreak

  12-06-2015 18:28
  
  There’s relief ahead for U.S. poultry farmers suffering through the worst ever domestic outbreak of bird flu. As the weather warms, there’s likely to be fewer instances of the disease, which has already left 47 million dead birds, state officials …
  The article Warm Weather Bringing Relief from Record U.S. Bird-Flu Outbreak appeared first on Insurance Journal.
  
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• ICW Group Appoints Douglas to Lead Texas Market

  12-06-2015 18:25
  
  San Diego, Calif.-based ICW Group Insurance Cos. has named Gina Douglas branch manager in Texas. Based in Austin, she will oversee business development, agent outreach and workers’ compensation underwriting in the state. ICW Group began actively writing workers’ compensation business …
  The article ICW Group Appoints Douglas to Lead Texas Market appeared first on Insurance Journal.
  
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• Ex-Iowa Deputy Gets 13 Years in Arson for Insurance Case

  12-06-2015 18:22
  
  A former sheriff’s deputy in Jones County has been given 13 years in prison for fraud linked to a fire he set at his vacant home. Prosecutors say 50-year-old James Plower, of Olin, was sentenced in U.S. District Court in …
  The article Ex-Iowa Deputy Gets 13 Years in Arson for Insurance Case appeared first on Insurance Journal.
  
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• Arkansas Ex-Judge Sentenced in Insurance Fraud Case

  12-06-2015 18:21
  
  A former Arkansas district judge convicted of drug charges has been sentenced in an unrelated mail fraud case involving American Indian artifacts. Bob Castleman, who was a judge in Pocahontas over a decade ago, has been sentenced to 21 months …
  The article Arkansas Ex-Judge Sentenced in Insurance Fraud Case appeared first on Insurance Journal.
  
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• PURE Launches Cyber Program for High-Net Worth Segment

  12-06-2015 18:01
  
  Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has partnered with security firm Concentric Advisors to offer CyberSafe Solutions. The program is designed to help individuals better assess, prevent, detect …
  The article PURE Launches Cyber Program for High-Net Worth Segment appeared first on Insurance Journal.
  
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• Florida Bail Bondsman Pleads Guilty to Selling 500 People’s Personal Info

  12-06-2015 17:46
  
  A former Bartow, Fla., bail bondsman pleaded guilty to federal charges of selling the personal information of 500 people with the intent of stealing their income tax refunds. The Ledger of Lakeland reports 59-year-old Ronald Reed faces a mandatory two-year …
  The article Florida Bail Bondsman Pleads Guilty to Selling 500 People’s Personal Info appeared first on Insurance Journal.
  
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• Is it covered? The purpose of supplementary payments

  12-06-2015 17:40
  
  Supplementary clauses in liability policies frequently identify who pays for which expenses
  
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• Montana Court Rules Using Inhalants Can Lead to DUI Charge

  12-06-2015 17:28
  
  A motorist can be charged and convicted of driving under the influence for being in control of a vehicle after inhaling aerosol propellants, the Montana Supreme Court has ruled. The 5-0 decision this week rejected a Butte man’s efforts to …
  The article Montana Court Rules Using Inhalants Can Lead to DUI Charge appeared first on Insurance Journal.
  
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• Federal Judge Approves $53.8M Settlements for 82 WTC Cleanup Workers

  12-06-2015 16:13
  
  A federal judge has approved $53.8 million in settlements for 82 unionized cleanup workers who claimed they were made ill by exposure to toxic dust near the World Trade Center site, court papers showed. The workers were among roughly 1,000 …
  The article Federal Judge Approves $53.8M Settlements for 82 WTC Cleanup Workers appeared first on Insurance Journal.
  
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• Philadelphia Insurance Acquires Allen J. Flood Companies in New York

  12-06-2015 16:11
  
  Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurer for niche markets, announced its acquisition of all outstanding shares of The Allen J. Flood Companies (AJF), a managing general agent for the group accident and health …
  The article Philadelphia Insurance Acquires Allen J. Flood Companies in New York appeared first on Insurance Journal.
  
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• 5 important things millennials should know about insurance

  12-06-2015 16:10
  
  To best market all types of insurance to millennials, it’s important to first address the questions they have as well as educating them on what they might not know.
  
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• Directors & Officers Could Be Liable for Cyber Attacks: Marsh

  12-06-2015 16:05
  
  Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an attack against their firm occur, according to …
  The article Directors & Officers Could Be Liable for Cyber Attacks: Marsh appeared first on Insurance Journal.
  
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• Top 3 Reasons Firms Are Buying Cyber Insurance

  12-06-2015 16:05
  
  Risk managers purchasing cyber insurance cite reputational harm, business interruption and data breach response and notification costs as the chief exposures they are trying to address. The Risk Management Society (RIMS) recently conducted its first cyber survey. The survey featured …
  The article Top 3 Reasons Firms Are Buying Cyber Insurance appeared first on Insurance Journal.
  
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• 3 Top Reasons Firms Are Buying Cyber Insurance

  12-06-2015 16:05
  
  Risk managers purchasing cyber insurance cite reputational harm, business interruption and data breach response and notification costs as the chief exposures they are trying to address. The Risk Management Society (RIMS) recently conducted its first cyber survey. The survey featured …
  The article 3 Top Reasons Firms Are Buying Cyber Insurance appeared first on Insurance Journal.
  
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• 6 tips to prevent construction worksite fall and asbestos exposure risks

  12-06-2015 15:50
  
  Construction is dangerous work. Here are some tips to keep workers safe.
  
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• Managing the risks while renovating the house

  12-06-2015 15:36
  
  Exposure for high-net-worth clients renovating their homes comes before, during and after the actual work. Risk #1: the general contractor.
  
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• Where Cyber Insurance Underwriting Stands Today

  12-06-2015 15:22
  
  “You would think the first question to ask would be: Do insured parties understand the elements and limitations of coverage?” said Kevin Kalinich, speaking on cyber risk. “The real first question is: Do the insurance companies understand?” Kalinich, global practice leader …
  The article Where Cyber Insurance Underwriting Stands Today appeared first on Insurance Journal.
  
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• Cyber Insurance Underwriting Catching Up–Slowly–To Risks: S&P Panelists

  12-06-2015 15:13
  
  Panelists at the Standard & Poor’s Ratings Services 2015 Insurance Conference on June 10 in New York more or less agreed that as the “demand for insurance covering cyber-attacks grows and a number of U.S. insurers test the waters, it’s …
  The article Cyber Insurance Underwriting Catching Up–Slowly–To Risks: S&P Panelists appeared first on Insurance Journal.
  
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• The 3 top risks to client art collections

  12-06-2015 15:09
  
  For art collection insurance coverage, a valuables policy – also known as 'scheduling' – provides better protection than the personal property coverage in a homeowners policy.
  
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• U.S. Senate Democrats block cybersecurity liability measure

  12-06-2015 14:05
  
  U.S. Senate Democrats blocked a proposal to shield companies from lawsuits when they share cyber-attack information with each other and federal agencies.
  
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• RIMS Cyber Survey 2015: 51% of members have stand-alone cyber insurance policies

  12-06-2015 14:01
  
  RIMS asked members about insurance investments, exposures, cyber security ownership and government involvement, as well as identification methods and response procedures.
  
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• Stephen Catlin Addresses MMC Young Professionals Global Forum 2015

  12-06-2015 11:49
  
  In his address to the MMC Young Professionals Global Forum 2015 Stephen Catlin, Executive deputy chairman of XL Group, urged young insurance professionals to demonstrate “courage, determination and conviction” in shaping the industry’s future. Catlin stressed the importance of creating …
  The article Stephen Catlin Addresses MMC Young Professionals Global Forum 2015 appeared first on Insurance Journal.
  
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• Families of Germanwings Crash Victims Meet Investigators

  12-06-2015 11:21
  
  Families of victims of the Germanwings plane crash gathered in Paris to meet with investigators, amid lingering questions about why the co-pilot destroyed the plane and how families may be compensated for their loss. The meeting on Thursday came in the …
  The article Families of Germanwings Crash Victims Meet Investigators appeared first on Insurance Journal.
  
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• Insurance Industry Charitable Foundation Launches London Division

  12-06-2015 10:18
  
  The Insurance Industry Charitable Foundation (IICF), a U.S.-based nonprofit organization funded by the insurance industry, has expanded its operations to the United Kingdom with the launch of its first international division. IICF’s newly formed London Division will join the collective …
  The article Insurance Industry Charitable Foundation Launches London Division appeared first on Insurance Journal.
  
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• HSB Engineering Insurance Appoints Wright as Chief Operating Officer

  12-06-2015 09:58
  
  Specialist engineering and construction insurer HSB Engineering Insurance (HSB), part of Munich Re, has appointed Andy Wright as chief operating officer. Wright will be leading HSB’s operational strategy with primary focus on the delivery of exceptional customer service, IT business …
  The article HSB Engineering Insurance Appoints Wright as Chief Operating Officer appeared first on Insurance Journal.
  
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• Croom-Johnson Named MD of AEGIS London; 4 Senior Execs Promoted

  12-06-2015 09:51
  
  AEGIS London has named David Croom-Johnson as its new managing director. The firm has also announced a series of promotions within its senior management team. Croom-Johnson, Syndicate 1225’s active underwriter since 2007, takes over the managing director role with immediate …
  The article Croom-Johnson Named MD of AEGIS London; 4 Senior Execs Promoted appeared first on Insurance Journal.
  
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• Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects

  12-06-2015 09:38
  
  Projects to capture carbon emissions from power plants and store them permanently underground face “large risk premiums” from insurers because the technology is so new, Royal Dutch Shell plc said. “Insurance will be able to address only part of the financial …
  The article Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects appeared first on Insurance Journal.
  
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• Health Insurance Premiums Will Go Up In 2016, But By How Much? - NPR

  12-06-2015 09:28 via npr.org
  
  NPR
  Health Insurance Premiums Will Go Up In 2016, But By How Much?
  NPR
  Some health insurance companies are asking for big price increases next year, and that has again riled critics of the federal health care law. But early analysis shows those steep hikes may not affect the majority of consumers. The numbers released ...and more »
  
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• North Carolina Regulators Order Duke to Stop Spreading Groundwater Pollution

  12-06-2015 07:28
  
  North Carolina environmental regulators ordered Duke Energy this week to stop the spread of groundwater pollution from coal ash dumps outside Wilmington after tests showed contamination in nearby drinking water wells. The state Department of Environment and Natural Resources said …
  The article North Carolina Regulators Order Duke to Stop Spreading Groundwater Pollution appeared first on Insurance Journal.
  
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• Family of Man Killed at Kentucky ‘Racing Experience’ Speedway Files Lawsuit

  12-06-2015 07:12
  
  The family of a 30-year-old amateur driver killed in a crash at Kentucky Speedway last year filed a lawsuit, alleging that the racecar’s steering wheel broke off in his hands as he roared around the track at more than 100 …
  The article Family of Man Killed at Kentucky ‘Racing Experience’ Speedway Files Lawsuit appeared first on Insurance Journal.
  
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• EPIC Adds Millholland to Southeast Region of Employer Services Platform

  12-06-2015 06:59
  
  EPIC Insurance Brokers and Consultants, a retail property, casualty and employee benefits insurance brokerage and consultant, has added employee benefits consulting professional Davin Millholland to its growing Employer Services Platform (ESP). Millholland joins EPIC in its Southeast Region (based in Duluth, …
  The article EPIC Adds Millholland to Southeast Region of Employer Services Platform appeared first on Insurance Journal.
  
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• Study: Credit scores impact auto insurance - Pittsburgh Post-Gazette

  12-06-2015 06:01 via post-gazette.com
  
  Insurance Business America
  Study: Credit scores impact auto insurance
  Pittsburgh Post-Gazette
  Many auto insurers use credit scores to help set premiums, determining that people who tend to be more reckless with their bills tend to have more wrecks. The effect of a low score on car insurance costs can be dramatic. A recent study of the top five ...
  Report: Credit can drive up costs of car insurance in Ariz.East Valley Tribune
  Credit rating affects auto insurance rates, study saysVerde Independen
  
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• Travel insurance failed in foul weather - SFGate

  12-06-2015 05:16 via sfgate.com
  
  Travel insurance failed in foul weather
  SFGate
  Q: My wife, Elizabeth, and I are faithful readers of your column. We never thought we would have to write to you with our tale of woe. But here we are. Last year, we booked a five-day Northern Lights Reykjavik tour to Iceland. We also bought a travel ...
  
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• This Restaurant Pays A $15 Hourly Wage With Health Insurance, A Retirement ... - ThinkProgress

  12-06-2015 03:32 via thinkprogress.org
  
  ThinkProgress
  This Restaurant Pays A $15 Hourly Wage With Health Insurance, A Retirement ...
  ThinkProgress
  Jen Piallat, the owner of Zazie in San Francisco, knows what it's like to work in the American restaurant industry. “I worked on the restaurant floor for 30 years before I owned my own,” she said. “I didn't have savings or health insurance until I was ...
  
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• What the Columbia lawsuit really means for cyber insurance - VentureBeat

  12-06-2015 03:01 via venturebeat.com
  
  VentureBeat
  What the Columbia lawsuit really means for cyber insurance
  VentureBeat
  Got email marketing? We've got best practices from LivingSocial and estate sale guru Everything But The House in our next Insight webinar. A recent case of an insurance company suing a former client to recover a $4 million claim payout has ignited a ...
  
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• House Committee Advances Patent Reform Bill

  12-06-2015 02:56
  
  A U.S. congressional panel on Thursday approved a bill aimed at deterring frivolous patent lawsuits, but which some critics say undermines the ability to protect new innovations. The U.S. House of Representatives Judiciary Committee, in a 24-8 bipartisan vote, sent …
  The article House Committee Advances Patent Reform Bill appeared first on Insurance Journal.
  
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