Insurance news

• AXIS Share Price Climbs on Speculation It Is Potential Takeover Target

  16-06-2015 23:52
  
  AXIS Capital Holdings Ltd., the insurer that agreed to merge with PartnerRe Ltd., jumped in New York trading on speculation that the deal could fall apart, which could put AXIS in play to be taken over by another company. EXOR SpA, the …
  The article AXIS Share Price Climbs on Speculation It Is Potential Takeover Target appeared first on Insurance Journal.
  
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• Tropical Storm Bill Makes Landfall in Texas with 60 MPH Winds

  16-06-2015 23:17
  
  Tropical Storm Bill went ashore on the Texas mainland Tuesday near Seadrift, packing heavy rains that will drop as much as 10 inches along the coast. Bill’s winds were 60 miles (97 kilometers) per hour, up from 50 mph earlier, …
  The article Tropical Storm Bill Makes Landfall in Texas with 60 MPH Winds appeared first on Insurance Journal.
  
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• Greenberg Will Appeal AIG Bailout Case Win Over Lack of Damages

  16-06-2015 22:34
  
  Maurice “Hank’ Greenberg, who yesterday won what most considered a long-shot case with a ruling that the U.S. government acted illegally and unfairly towards American International Group Inc. shareholders in the terms it imposed on the insurer for its its …
  The article Greenberg Will Appeal AIG Bailout Case Win Over Lack of Damages appeared first on Insurance Journal.
  
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• Greenberg Will Appeal AIG Bailout Case Over Lack of Damages

  16-06-2015 22:34
  
  For Hank Greenberg, winning is not enough. Despite a victory over the federal government Monday in his six- year fight over the bailout of American International Group Inc., his Starr International Co. announced Tuesday that it will appeal the verdict …
  The article Greenberg Will Appeal AIG Bailout Case Over Lack of Damages appeared first on Insurance Journal.
  
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• Report: Russell Wilson taking out insurance policy for 2015 season - NBCSports.com

  16-06-2015 22:07 via profootballtalk.nbcsports.com
  
  NBCSports.com
  Report: Russell Wilson taking out insurance policy for 2015 season
  NBCSports.com
  Recent updates about Seahawks quarterback Russell Wilson's contract status have created an increasing feeling that Wilson is comfortable playing out the final year of his rookie deal in 2015 rather than sign an extension that falls short of his desired ...
  
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• With contract talks unsettled, Russell Wilson to play with insurance policy - ESPN

  16-06-2015 22:03 via espn.go.com
  
  ESPN
  With contract talks unsettled, Russell Wilson to play with insurance policy
  ESPN
  Seattle Seahawks quarterback Russell Wilson will play this season with an insurance policy worth millions in case of a career-ending injury, according to league sources. It's hardly unusual for athletes to have such policies in place, but with all the ...
  Russell Wilson Reportedly Has Insurance Policy in Case of Career-Ending InjuryBleacher Report
  ​Russell Wilson reportedly takes out huge insurance polic
  
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• Could the Health Insurance Mergers Leave an Odd Man Out? - 24/7 Wall St.

  16-06-2015 21:49 via 247wallst.com
  
  24/7 Wall St.
  Could the Health Insurance Mergers Leave an Odd Man Out?
  24/7 Wall St.
  The market often works in mysterious ways, then it can turn into the wild west when it comes to raw speculation. It turns out that speculators love guessing about mergers. Now we are in a sort of speculation soup about which of the health insurance ...
  Health Insurance M&A: Investors Look for the Next Takeover TargetWall Street Journal (blog)
  Report: UnitedHealth explores takeover of Aetna insuranceRick Kup
  
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• Illinois government retirees get health insurance refunds - fox2now.com

  16-06-2015 21:34 via fox2now.com
  
  The State Journal-Register
  Illinois government retirees get health insurance refunds
  fox2now.com
  SPRINGFIELD, Ill. (AP) – The state of Illinois has started refunding health insurance premium money to state government retirees as ordered by the Illinois Supreme Court. The refunds resulted in the high court's decision to toss a 2012 state law ...
  State government retirees getting health insurance refundsThe State Journal-Registerall 23 news articles »
  
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• Never Pay for Rental Car Insurance by Accident Again - Money

  16-06-2015 21:09 via time.com
  
  Money
  Never Pay for Rental Car Insurance by Accident Again
  Money
  Car rental companies really want you to get car insurance from them. So much so that you might end up buying it unintentionally if you're not careful. Here's what you need to know before you accept or decline a rental company's insurance.
  When to Get Car Insurance With Uninsured Motorist CoverageNerdWallet (blog)all 2 news articles »
  
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• Report: 132K Alabamians could lose health insurance - Montgomery Advertiser

  16-06-2015 21:08 via montgomeryadvertiser.com
  
  Montgomery Advertiser
  Report: 132K Alabamians could lose health insurance
  Montgomery Advertiser
  More than 132,000 Alabamians could lose their health insurance if the U.S. Supreme Court strikes down subsidies offered in the federal health insurance exchange. Families USA, a nonprofit that supports the Affordable Care Act, released a study Tuesday ...
  Thousands may lose insurance subsidiesPensacola News Journal
  Nearly 200000 in Missouri might lose health-insurance subsidiesSoutheast Missourianall
  
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• UC Berkeley students rally against discontinuation of dependent health insurance - Daily Californian

  16-06-2015 21:02 via dailycal.org
  
  Daily Californian
  UC Berkeley students rally against discontinuation of dependent health insurance
  Daily Californian
  UC Berkeley students and student family members are continuing to rally against a campus decision to discontinue dependent health insurance, although the campus has agreed to provide temporary financial assistance to those hurt by the change.
  
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• Federal Reserve Plan for Insurer Capital Standards Rests on States: Reuters

  16-06-2015 20:33
  
  The U.S. Federal Reserve is considering a proposal for new nationwide insurance capital standards that would rely heavily on the current system of state-based regulations, according to a copy of the plan seen by Reuters and people familiar with the …
  The article Federal Reserve Plan for Insurer Capital Standards Rests on States: Reuters appeared first on Insurance Journal.
  
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• Former QBE Insurance Executive, Consultant Charged with Embezzling $2.6M

  16-06-2015 20:22
  
  A former QBE Insurance Group Ltd. executive and an accomplice embezzled $2.6 million by submitting phony invoices in which the name of the chief financial officer was forged, according to U.S. prosecutors. James J. Shea, a former QBE vice president …
  The article Former QBE Insurance Executive, Consultant Charged with Embezzling $2.6M appeared first on Insurance Journal.
  
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• Defeat By Deductible: Millennials Aren't Hip To Health Insurance Lingo - NPR

  16-06-2015 19:10 via npr.org
  
  NPR
  Defeat By Deductible: Millennials Aren't Hip To Health Insurance Lingo
  NPR
  Coinsurance? Premium tax credit? HMO and PPO? Swimming through the health insurance word soup can be frustrating for anyone. Even though I cover health, I couldn't define "cost-sharing reduction plan" until I Googled it just now. And it seems I'm not ...
  How are millennial supposed to sign up for health insurance policies when the ...MedCity Newsall 17 news articles »
  
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• Vertafore Acquires Florida-Based Agency Technology Provider QQ Solutions

  16-06-2015 18:57
  
  Insurance software provider Vertafore, has acquired QQ Solutions, Inc., a provider of agency management systems and a comparative rater offering. The move expands Vertafore’s portfolio of agency management systems and rating products and further expands Vertafore’s rating capabilities in Texas …
  The article Vertafore Acquires Florida-Based Agency Technology Provider QQ Solutions appeared first on Insurance Journal.
  
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• Study: Agencies that Use Technology Experience More Growth

  16-06-2015 18:55
  
  A new study shows that insurance agencies that use technology in sales and marketing, managing customer relationships and other sales processes sell 43 percent more policies per producer than agencies that rely less heavily on technology. And the gap between …
  The article Study: Agencies that Use Technology Experience More Growth appeared first on Insurance Journal.
  
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• The Hartford Expands Professional Liability Products to Small Business Segment

  16-06-2015 18:53
  
  The Hartford has launched a new professional liability insurance offering to help protect small businesses in the event they are sued by a customer claiming a negligent act, or error or omission in the professional services they provide. This new …
  The article The Hartford Expands Professional Liability Products to Small Business Segment appeared first on Insurance Journal.
  
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• South Korea to offer tourists free 'MERS insurance' - Washington Post (blog)

  16-06-2015 18:36 via washingtonpost.com
  
  Washington Post (blog)
  South Korea to offer tourists free 'MERS insurance'
  Washington Post (blog)
  South Korea is in the midst of a health-care crisis, with 16 people dead and thousands under quarantine because of an outbreak of the Middle East respiratory syndrome (MERS). In recent days, the government has mounted an aggressive response, including ...
  South Korea to Offer MERS Insurance to TouristsVoice of Americaall 1,881 news articles »
  
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• Conditional approval given for Pa. insurance marketplace - Pittsburgh Post-Gazette

  16-06-2015 18:30 via post-gazette.com
  
  Pittsburgh Post-Gazette
  Conditional approval given for Pa. insurance marketplace
  Pittsburgh Post-Gazette
  The federal Centers for Medicare and Medicaid Services has given conditional approval to Pennsylvania's application to create a state-based health insurance marketplace. Gov. Tom Wolf's administration had initiated the plan in anticipation of a U.S. ...and more »
  
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• Colorado health insurance costs to rise slightly - 9NEWS.com

  16-06-2015 18:08 via 9news.com
  
  9NEWS.com
  Colorado health insurance costs to rise slightly
  9NEWS.com
  Of the 425 plans proposed for offer in the state's health insurance exchange, 239 are individual plans and 186 are small-group plans. Loading… Post to Facebook. Colorado health insurance costs to rise slightly Of the 425 plans proposed for offer in ...
  Insurance commissioner: State Exchange is strongThe Colorado Statesman
  Colorado health insurance users could see steep rate increases for 2016Colorado Springs Gazette
  Colo
  
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• New Driver Without Insurance Is A Road Hazard To Avoid - Yahoo News

  16-06-2015 17:47 via news.yahoo.com
  
  New Driver Without Insurance Is A Road Hazard To Avoid
  Yahoo News
  DEAR ABBY: My 17-year-old stepdaughter, "Audra," got her driver's license a few months ago and has started pressuring us to put her on our car insurance. When we told her we can't afford it, and if she wants to be on the insurance she has to get a job ...
  Dear Abby: Teen needs insurance, maturity to be behind wheelColumbus Dispatchall 45 news articles »
  
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• A.M. Best: European Insurers Tap Capital Markets Ahead of Solvency II

  16-06-2015 17:40
  
  Low interest rates together with highly liquid and stable financial markets have prompted European insurers to tap the capital markets in their efforts to lower the cost of capital and optimize levels of risk-adjusted capitalization, according to a new report …
  The article A.M. Best: European Insurers Tap Capital Markets Ahead of Solvency II appeared first on Insurance Journal.
  
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• How to avoid liability to third parties

  16-06-2015 17:30
  
  Can agents and brokers be liable to strangers, that is, people and businesses with whom they have no relationship at all, who never paid a premium on a policy they placed, and to whom they made no promises and had no communications? Can there be a duty without any relationship,...
  
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• FAA grants Donan second UAV exemption

  16-06-2015 17:30
  
  Multirotor drones can now be used for property damage inspections.
  
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• N.J. Sen. Menendez Warns of Predatory Groups Targeting Sandy Victims

  16-06-2015 17:20
  
  U.S. Senator Bob Menendez (D-N.J.) is urging Sandy victims to be wary of scam-artists offering to help them navigate through the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP) claims review process in exchange for a substantial cut …
  The article N.J. Sen. Menendez Warns of Predatory Groups Targeting Sandy Victims appeared first on Insurance Journal.
  
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• Another Alaska Wildfire Prompts More Evacuations

  16-06-2015 17:08
  
  Firefighters are battling a second wildfire in Alaska and officials say hundreds of homes have been evacuated and six structures have burned. The fast-moving blaze erupted Monday on the Kenai Peninsula, roughly 100 miles south of a major wildfire that …
  The article Another Alaska Wildfire Prompts More Evacuations appeared first on Insurance Journal.
  
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• NSM Insurance Group Names Millard Western Region Director

  16-06-2015 17:04
  
  NSM Insurance Group has named Victoria Millard director of the Western region. Millard began her programs career 25 years ago in the MGA space, later migrating to the carrier side and managing programs nationally. Millard has worked for Lexington Insurance …
  The article NSM Insurance Group Names Millard Western Region Director appeared first on Insurance Journal.
  
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• Workers Can Be Fired For Off-Duty Marijuana Use, Colorado Court Says

  16-06-2015 17:00
  
  Pot may be legal in Colorado, but you can still be fired for using it. The state Supreme Court ruled Monday that a medical marijuana patient who was fired after failing a drug test cannot get his job back. The …
  The article Workers Can Be Fired For Off-Duty Marijuana Use, Colorado Court Says appeared first on Insurance Journal.
  
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• Commercial insurance prices up 2% in Q1 2015: Towers Watson

  16-06-2015 16:58
  
  Price increases for most insurance lines were in the low single digits, with the largest increase in commercial auto and employment practices liability.
  
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• Commercial insurance prices up 2% in 1Q 2015 [survey]

  16-06-2015 16:58
  
  Price increases for most insurance lines were in the low single digits, with the largest increase in commercial auto and employment practices liability.
  
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• Pa. gets feds' OK for health insurance marketplaces - abc27

  16-06-2015 16:57 via abc27.com
  
  abc27
  Pa. gets feds' OK for health insurance marketplaces
  abc27
  HARRISBURG, Pa. (AP) — The Obama administration is giving conditional approval to Pennsylvania to create a Supported State Based Marketplace. Monday's approval comes ahead of a high court decision that could wipe out federal health insurance ...
  3 states get feds' OK for health insurance marketplaces - AOL.comAOL News
  Three more states OK'd to run health insurance exchangesBusiness Insuranceall 98 news articl
  
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• Funeral Insurance: Do You Need It? - Motley Fool

  16-06-2015 16:57 via fool.com
  Motley Fool
  Funeral Insurance: Do You Need It?
  Motley Fool
  Let's face it: It's not a trifling financial matter to be laid to rest. According to data from the National Funeral Directors Association, the median cost of a funeral, not including a vault, was about $7,000 in 2012. A vault, often required by ...
  
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• Here's How Much That Speeding Ticket Will Raise Your Insurance Rates - TIME

  16-06-2015 16:50 via time.com
  
  TIME
  Here's How Much That Speeding Ticket Will Raise Your Insurance Rates
  TIME
  Misbehaving is perhaps one of life's earliest pleasures: As soon as we learn “no,” we learn also to test whether or not we can get away with whichever mess tempts our wee hearts most at any given moment. The truth is, there are driving laws that all of ...and more »
  
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• Ethics of Self-Driving Cars: Should They Kill Driver to Save Others?

  16-06-2015 16:13
  
  Imagine being in charge of the switch on a trolley track. The express is due any minute; but as you glance down the line you see a school bus, filled with children, stalled at the level crossing. No problem; that’s …
  The article Ethics of Self-Driving Cars: Should They Kill Driver to Save Others? appeared first on Insurance Journal.
  
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• 10 best and worst states for teen drivers

  16-06-2015 15:56
  
  Is your teen safe in your home state?
  
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• Maryland insurance executive pleads guilty in insurance fraud scheme

  16-06-2015 15:36
  
  Policyholders were paying his company premiums based on financial ratings, financial audits and insurance regulatory approvals that he fraudulently obtained.
  
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• Got hail damage? Your client’s guide to what to look for, preventative measures and next steps

  16-06-2015 14:54
  
  Learn some steps you can take to decrease the potential damage caused by hail to homes and vehicle as well as what to do after hail hits.
  
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• Got hail damage? Your client’s guide on what to look for, preventative measures and next steps

  16-06-2015 14:54
  
  Learn some steps you can take to decrease the potential damage caused by hail to homes and vehicle as well as what to do after hail hits.
  
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• 14 strong prospecting strategies

  16-06-2015 14:25
  
  Everyone wants new clients. Here’s a list detailing 14 strong prospecting strategies.
  
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• In Alabama, many AIDS patients getting insurance for first time - AL.com

  16-06-2015 14:07 via al.com
  
  AL.com
  In Alabama, many AIDS patients getting insurance for first time
  AL.com
  Hundreds of HIV patients are able to purchase and pick up their medications on their own instead of clinics like Medical AIDS Outreach in Montgomery. Pictured here are prescribed HIV/AIDS medications waiting to be picked up by patients.and more »
  
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• Bixby City Employees Concerned Over Insurance Change - News On 6

  16-06-2015 13:27 via newson6.com
  
  News On 6
  Bixby City Employees Concerned Over Insurance Change
  News On 6
  The city has meetings planned Wednesday night where employees can stop by and speak individually. Counselors quickly realized everyone had to come together to air all concerns and put any rumors to rest. City Manager, Doug Eneveldson. BIXBY ...and more »
  
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• Financial Repression’s Unintended Consequences: Swiss Re Market Consensus

  16-06-2015 12:45
  
  Swiss Re has issued a statement, following a meeting with senior private and public sector market participants on June 16, entitled “Financial repression – the unintended consequences.” The statement said that in order to “identify the most concerning implications,” Swiss …
  The article Financial Repression’s Unintended Consequences: Swiss Re Market Consensus appeared first on Insurance Journal.
  
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• How Greenberg’s Lawyer, Boies, Won AIG Bailout Battle

  16-06-2015 12:35
  
  During the trial, David Boies was his usual mildly rumpled and mostly unpretentious self, peering over his reading glasses, padding around in his hallmark black suede slipper-shoes and smiling his way to victory in a case that put the U.S. …
  The article How Greenberg’s Lawyer, Boies, Won AIG Bailout Battle appeared first on Insurance Journal.
  
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• AIG Avoids Damages with Ruling in Greenberg Bailout Lawsuit

  16-06-2015 12:21
  
  American International Group Inc., which opted against joining Maurice “Hank” Greenberg in a suit against the U.S., became a victor in the case after a judge ruled that the former chief executive officer isn’t entitled to compensation over the insurer’s …
  The article AIG Avoids Damages with Ruling in Greenberg Bailout Lawsuit appeared first on Insurance Journal.
  
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• Insurance Still Doesn't Cover Childbirth For Some Young Women - NPR

  16-06-2015 11:48 via npr.org
  
  NPR
  Insurance Still Doesn't Cover Childbirth For Some Young Women
  NPR
  Although the federal government recently clarified that most insurance plans must cover prenatal care as a preventive service without charging women anything out of pocket, it didn't address a crucial and much pricier gap in some young women's coverage ...
  Health insurance still not covering labor and delivery for some womenPBS NewsHour (blog)all 27 news articles »
  
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• Marsh Study Reveals Many UK Firms Fail to Adequately Assess Cyber Threats

  16-06-2015 11:33
  
  Many UK firms are failing to adequately assess their customers and trading partners for cyber risk, and are more vulnerable to cyber attacks themselves as a result, according to a study published by Marsh. Marsh’s Cyber Risk Survey Report found …
  The article Marsh Study Reveals Many UK Firms Fail to Adequately Assess Cyber Threats appeared first on Insurance Journal.
  
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• Marsh: Many Firms Fail to Assess Cyber Threats From Business Partners

  16-06-2015 11:33
  
  Many UK firms are failing to adequately assess their customers and trading partners for cyber risk, and are more vulnerable to cyber attacks themselves as a result, according to a study published by Marsh. Marsh’s Cyber Risk Survey Report found …
  The article Marsh: Many Firms Fail to Assess Cyber Threats From Business Partners appeared first on Insurance Journal.
  
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• Wyatt Appointed Development Director for RSA’s Global Specialty Lines

  16-06-2015 11:15
  
  RSA, one of the largest UK commercial insurers, has appointed David Wyatt to the newly created role of development director within its Global Specialty Lines (GSL) business. Reporting to Nick Donovan, head of Sales and Customer Management, Wyatt will be …
  The article Wyatt Appointed Development Director for RSA’s Global Specialty Lines appeared first on Insurance Journal.
  
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• Lloyd’s Report Highlights Vulnerability of Global Food System

  16-06-2015 10:53
  
  Lloyd’s has published the results of a study that examines the “vulnerability of the overstretched global food system to sudden shocks, and the wide repercussions for communities, businesses and governments.” Lloyd’s said the scenario, produced in conjunction with UK and …
  The article Lloyd’s Report Highlights Vulnerability of Global Food System appeared first on Insurance Journal.
  
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• Berkshire Hathaway to Buy Stake in IAG to Boost Australia Insurance Sales

  16-06-2015 09:58
  
  Warren Buffett’s Berkshire Hathaway Inc. will pay A$500 million ($388 million) for a stake in Insurance Australia Group Ltd. in a deal that will accelerate sales of commercial coverage. The agreement will give Berkshire 20 percent of IAG’s insurance premium payments and make it …
  The article Berkshire Hathaway to Buy Stake in IAG to Boost Australia Insurance Sales appeared first on Insurance Journal.
  
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