Insurance news

• NC insurance commissioner warns of 'chaos' that could result from ACA ... - News & Observer

  17-06-2015 23:58 via newsobserver.com
  
  News & Observer
  NC insurance commissioner warns of 'chaos' that could result from ACA ...
  News & Observer
  Kelli Tremblay, an authorized agent with BlueCross BlueShield of North Carolina, works a station at Concord Mills on the first day of enrollment for the Affordable Care Act in 2013. | Jeff Siner [email protected]. By John Murawski.
  Looming Decision Could Cripple Part Of NC Health Insurance MarketWFAE
  Economists predict shockwaves if health insurance subsidies are nixedBus
  
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• Ban urges insurance industry leaders to play strong role in shaping more ... - UN News Centre

  17-06-2015 23:51 via un.org
  
  UN News Centre
  Ban urges insurance industry leaders to play strong role in shaping more ...
  UN News Centre
  Secretary-General Ban Ki-moon (centre on dais) addresses the UN Insurance Sector Summit. UN Photo/Eskinder Debebe. Print. 17 June 2015 – As a major source of long-term investment, the insurance industry can and must play a strong role in shaping a ...
  Ban urges insurance industry leaders to work for shaping more sustainable futureNew Keralaall 4 news articles »
  
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• Malloy says big insurance likes his budget changes, pledges support for disabled - WTNH

  17-06-2015 23:50 via wtnh.com
  
  WTNH
  Malloy says big insurance likes his budget changes, pledges support for disabled
  WTNH
  HARTFORD, Conn. (WTNH) — Governor Malloy says big business, especially the state's insurance giants, have told him they fully support his proposed revisions to those business taxes and they won't be moving data operations out of state if it passes.
  Insurance Companies Favor Proposed Tax ChangeHartford Courantall 90 news articles »
  
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• Now it's a whole lot harder to compete with Nest - Fortune

  17-06-2015 23:32 via fortune.com
  
  Fortune
  Now it's a whole lot harder to compete with Nest
  Fortune
  The firm's deal with insurance companies provides an effective subsidy that should help boost its market share. So what happens with the data? Nest, a business owned by Google that makes connected home products, refreshed its line of three devices ...
  Google's Nest Announces Security Cam, Pushes Into Home Insurance MarketForbes
  Nest Safety Rewards promises Protect insurance cutSlashGear
  Liberty Mutual Insurance and Nes
  
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• Health insurance mergers don't benefit consumers, California regulator warns - Los Angeles Times

  17-06-2015 23:24 via latimes.com
  
  Los Angeles Times
  Health insurance mergers don't benefit consumers, California regulator warns
  Los Angeles Times
  California's top insurance regulator expressed alarm Wednesday at the prospect of further consolidation in the health insurance industry. Dave Jones, the state's elected insurance commissioner, said consumers, employers and medical providers all could ...
  
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• Perdue says unclaimed property fund best place for life insurance proceeds - West Virginia MetroNews

  17-06-2015 22:31 via wvmetronews.com
  
  West Virginia MetroNews
  Perdue says unclaimed property fund best place for life insurance proceeds
  West Virginia MetroNews
  CHARLESTON, W.Va. — State Treasurer John Perdue anticipates he'll be able to turn over millions of dollars to beneficiaries of life insurance policies following a written opinion this week from the state Supreme Court. State Treasurer John Perdue says ...
  Court: Unclaimed life insurance policies must be turned overThe Exponent Telegram (press release) (registration)al
  
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• Plant City insurance firm manager indicted on fraud charges - Orlando Sentinel

  17-06-2015 21:41 via orlandosentinel.com
  
  Plant City insurance firm manager indicted on fraud charges
  Orlando Sentinel
  A rescue worker walks by the scene of a collision between a vehicle and a tractor-trailer rig on Interstate 4 in Lake Mary, Monday, Sept. 15, 2003. The vehicle was driven by Bryan Christopher Randall who died Monday at Florida Hospital Orlando. Randall ...
  Florida Insurance Firm Manager Indicted On Fraud ChargesInsurance News Netall 3 news articles »
  
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• 7 indicted in alleged $128K NJ disability insurance scam - NJ.com

  17-06-2015 21:40 via nj.com
  
  NJ.com
  7 indicted in alleged $128K NJ disability insurance scam
  NJ.com
  TRENTON — Seven people were indicted Wednesday for conspiring to defraud an insurance company for three businesses in Union and Monmouth counties of approximately $128,000 by filing fraudulent disability claims, state authorities said. From 2010 to ...
  
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• Lloyd’s report highlights vulnerability of global food supply

  17-06-2015 20:02
  
  Global demand for food is rising along with the population, and our food supply is more vulnerable than ever.
  
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• National Flood Insurance Program sets up call center to help policyholders

  17-06-2015 19:56
  
  In its ongoing efforts at improving the flood insurance program, FEMA has launched a National Flood Insurance Program call center pilot program to support policyholders with the servicing of their claims.
  
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• Capacity, competition and low pricing drive profitability in political risk marketplace

  17-06-2015 19:05
  
  Marsh report details growth opportunities for carriers, especially in the multinational area.
  
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• Vermont’s New Law Makes Child Safety Priority

  17-06-2015 19:00
  
  Vermont’s new child safety law shifts the state’s priority in protecting children to their well-being from an imperative to reunite them with their families, officials said Monday during the governor’s bill-signing ceremony at his Statehouse office. The workings of Vermont’s …
  The article Vermont’s New Law Makes Child Safety Priority appeared first on Insurance Journal.
  
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• New Vermont Law Makes Child Safety Priority

  17-06-2015 19:00
  
  Vermont’s new child safety law shifts the state’s priority in protecting children to their well-being from an imperative to reunite them with their families, officials said Monday during the governor’s bill-signing ceremony at his Statehouse office. The workings of Vermont’s …
  The article New Vermont Law Makes Child Safety Priority appeared first on Insurance Journal.
  
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• Marsh Launches Diagnostic Tool to Estimate Clients’ Total Cost of Risk

  17-06-2015 18:53
  
  Marsh has unveiled a new casualty cost diagnostic tool powered by its analytics that provides clients enhanced awareness of their casualty program costs and trends and shares strategies on how to further control their casualty total cost of risk (TCOR). …
  The article Marsh Launches Diagnostic Tool to Estimate Clients’ Total Cost of Risk appeared first on Insurance Journal.
  
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• Lincoln, Nebraska OKs $1M to Help Victims of Sewer Backups

  17-06-2015 18:40
  
  The City Council in Lincoln, Neb., has approved a $1 million disaster assistance program to aid Lincoln residents whose homes were damage by raw sewage that backed up during heavy rains, but some of the victims are still considering suing …
  The article Lincoln, Nebraska OKs $1M to Help Victims of Sewer Backups appeared first on Insurance Journal.
  
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• Uber driver was employee, not contractor, California labor commissioner says

  17-06-2015 18:34
  
  California’s labor commissioner said an Uber driver must be considered an employee of the app-based ride service, threatening Uber's business model, which treats divers as contractors.
  
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• York Challenges Louisiana’s Award of Insurance Program Contract

  17-06-2015 18:30
  
  A company passed over by the Jindal administration to run Louisiana’s self-insurance program claims it suffered bias in its losing bid. The Advocate reports that York Risk Services Group is challenging the award of the $80 million, three-year contract to …
  The article York Challenges Louisiana’s Award of Insurance Program Contract appeared first on Insurance Journal.
  
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• New Insurance Fraud Fighting Laws in Effect in Minnesota

  17-06-2015 18:24
  
  Minnesota now has two new laws that allow civil actions against those who commit insurance fraud, the Coalition Against Insurance Fraud announced. The strong anti-fraud measures became law when Gov. Mark Dayton signed a larger omnibus bill containing the provisions …
  The article New Insurance Fraud Fighting Laws in Effect in Minnesota appeared first on Insurance Journal.
  
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• Insurance Fraud Fighting Bills Signed in Minnesota

  17-06-2015 18:24
  
  Minnesota now has two new laws that allow civil actions against those who commit insurance fraud, the Coalition Against Insurance Fraud announced. The strong anti-fraud measures became law when Gov. Mark Dayton signed a larger omnibus bill containing the provisions …
  The article Insurance Fraud Fighting Bills Signed in Minnesota appeared first on Insurance Journal.
  
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• Alliant Insurance Services Hires Ostrau as Senior VP in New York

  17-06-2015 18:20
  
  Alliant Insurance Services, a specialty insurance brokerage based in Newport Beach, California, hired Jon Ostrau as senior vice president for its Alliant Americas division. Ostrau will be based in Alliant’s New York office. Ostrau will be responsible for the delivery …
  The article Alliant Insurance Services Hires Ostrau as Senior VP in New York appeared first on Insurance Journal.
  
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• One Dead as Tropical Depression Bill Batters Texas

  17-06-2015 18:13
  
  Though Tropical Storm Bill was downgraded to a tropical depression as it moved across Texas it still brought heavy rains that flooded streets and left at least one person dead in the state where severe weather killed about 30 people …
  The article One Dead as Tropical Depression Bill Batters Texas appeared first on Insurance Journal.
  
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• Missouri Manufacturer Cited for Worker’s Death, Fined $71K

  17-06-2015 18:10
  
  The federal government has cited a Springfield, Mo.-based manufacturer after a worker at the company plant died in January. The Occupational Safety and Health Administration cited Ridewell Corp. with a willful violation after the employee died after he was hit …
  The article Missouri Manufacturer Cited for Worker’s Death, Fined $71K appeared first on Insurance Journal.
  
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• Ex-Employee at Houston Store Gets Prison for Insurance Fraud

  17-06-2015 18:08
  
  An ex-claims worker at a Houston decor store has been sentenced to more than seven years in prison and must repay $2 million in an insurance scam. Sandra Johnson of Katy was sentenced on June 15 in Houston. The 48-year-old …
  The article Ex-Employee at Houston Store Gets Prison for Insurance Fraud appeared first on Insurance Journal.
  
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• Santo Insurance & Financial Services Hires Kimball as Insurance Agent in N.H.

  17-06-2015 18:06
  
  Santo Insurance & Financial Services, an independent insurance agency in Salem, New Hampshire, hired Michael Kimball as an insurance agent. In his new position, Kimball will design customized insurance packages for both personal and commercial lines. He will work closely …
  The article Santo Insurance & Financial Services Hires Kimball as Insurance Agent in N.H. appeared first on Insurance Journal.
  
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• Committee Approves Oregon Marijuana Bill

  17-06-2015 18:03
  
  After weeks of stalemate, a state legislative committee has advanced a bill setting up Oregon’s legal marijuana system. The approval of the joint House-Senate committee on Monday sends the bill to the full House, which can take it up as …
  The article Committee Approves Oregon Marijuana Bill appeared first on Insurance Journal.
  
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• Oregon Man Injured by Leftover Acupuncture Needle Sues for $3M

  17-06-2015 18:01
  
  A Portland, Ore. man has filed a lawsuit seeking more than $3 million from an acupuncturist he says left two needles in his skin, including one that later broke off and became embedded in his groin. The lawsuit says acupuncturist …
  The article Oregon Man Injured by Leftover Acupuncture Needle Sues for $3M appeared first on Insurance Journal.
  
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• Commission Rules Uber Drivers Employees, Not Contractors

  17-06-2015 17:58
  
  A San Francisco-based driver for smartphone-based ride-hailing service Uber is an employee, not a contractor, according to a ruling by the California Labor Commission. The ruling, filed on Tuesday in state court in San Francisco, said Uber is “involved in …
  The article Commission Rules Uber Drivers Employees, Not Contractors appeared first on Insurance Journal.
  
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• The next Bermuda Triangle? Malaysian oil tanker goes missing in South China Sea

  17-06-2015 17:37
  
  A Malaysian oil tanker carrying $5.5 million worth of fuel has gone missing in the South China Sea.
  
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• Incorrect allegations mean no duty to defend under cyber policy, rules Utah court

  17-06-2015 17:26
  
  A federal district court in Utah has ruled that an insurance company had no duty to defend its insureds under a cyber liability policy when the allegations against the insureds alleged “knowledge, willfulness, and malice” instead of “errors, omissions, or negligence.”
  
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• AIG seeking CIO to manage $350B portfolio

  17-06-2015 16:49
  
  AIG is seeking a CIO to oversee a portfolio valued at more than $350 billion.
  
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• 32 great insurance jokes

  17-06-2015 16:49
  
  Sometimes you have to laugh a little to ease the stress of a busy work schedule. So, come on, take a break away from the many spreadsheets or calls that are in front of you, relax, sit back and laugh along with us.
  
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• Brown & Brown Acquires Assets of Strategic Benefit Advisors in Massachusetts

  17-06-2015 15:39
  
  Brown & Brown Inc. announced today that its subsidiary Brown & Brown of Massachusetts LLC has acquired certain assets of Strategic Benefit Advisors Inc., a health and welfare benefit advisory and brokerage firm in Southborough, Massachusetts. Terms of the transaction …
  The article Brown & Brown Acquires Assets of Strategic Benefit Advisors in Massachusetts appeared first on Insurance Journal.
  
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• Hank Greenberg won ruling on AIG bailout, will appeal anyway

  17-06-2015 14:55
  
  Despite a victory over the federal government Monday in a six-year fight over the bailout of AIG, Starr International Co. will appeal the verdict.
  
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• Systemic Risk Panel to Show Lawmakers Why Some Insurers Are Too Big to Fail

  17-06-2015 14:45
  
  U.S. regulators will disclose to lawmakers more than 1,400 pages of documents explaining why companies such as American International Group Inc. and MetLife Inc. are subject to tougher oversight. The Financial Stability Oversight Council is providing the papers after Republicans …
  The article Systemic Risk Panel to Show Lawmakers Why Some Insurers Are Too Big to Fail appeared first on Insurance Journal.
  
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• Raising the digital bar: 3 ways that insurance carriers are using tech to redefine the consumer experience

  17-06-2015 14:20
  
  “As an insurance company, we have data coming out of our ears. But how can we use the data in a way that mitigates risk?”
  
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• With HCC Holdings Buy, Tokio Marine Enhances Already Top Commercial Lines Performance

  17-06-2015 14:14
  
  Tokio Marine Holdings Inc. is using debt to expand a U.S. insurance business that’s beaten even Berkshire Hathaway Inc. for policy growth. The Japanese insurer, which is taking over Houston-based HCC Insurance Holdings Inc. for $7.5 billion after at least …
  The article With HCC Holdings Buy, Tokio Marine Enhances Already Top Commercial Lines Performance appeared first on Insurance Journal.
  
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• Strong Capacity Drives Buyer’s Market in Political Risk Insurance: Marsh

  17-06-2015 12:59
  
  Abundant capacity and strong competition have contributed to a favorable marketplace for buyers of political risk insurance globally, according to Marsh’s “Political Risk Market Update,” published this month. Despite growing concerns about global political and credit risks and a recent …
  The article Strong Capacity Drives Buyer’s Market in Political Risk Insurance: Marsh appeared first on Insurance Journal.
  
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• UK Insurance Software Provider Innovation Wins Major Contract

  17-06-2015 11:57
  
  British insurance software company Innovation Group said on Wednesday it had secured a 46 million pound ($72.3 million) contract with a major client, its third and biggest new business win this year. The deal, which will see Innovation’s products used …
  The article UK Insurance Software Provider Innovation Wins Major Contract appeared first on Insurance Journal.
  
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• UK Insurance Software Provider Innovation Group Wins Major Contract

  17-06-2015 11:57
  
  British insurance software company Innovation Group said on Wednesday it had secured a 46 million pound ($72.3 million) contract with a major client, its third and biggest new business win this year. The deal, which will see Innovation’s products used …
  The article UK Insurance Software Provider Innovation Group Wins Major Contract appeared first on Insurance Journal.
  
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• Report: Russell Wilson takes out insurance policy worth 'millions' - CBSSports.com

  17-06-2015 10:45 via cbssports.com
  
  CBSSports.com
  Report: Russell Wilson takes out insurance policy worth 'millions'
  CBSSports.com
  When Russell Wilson steps on the field in 2015, the Seahawks offensive line won't be the only thing protecting him, the 26-year-old quarterback will also be protected by a huge insurance policy, according to ESPN.com. If Wilson were to suffer a career ...
  What to make of Seahawks' Russell Wilson reportedly taking out insurance policyMyNorthwest.com
  Russell Wilson Reportedly Has Insuran
  
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• Mobile App Data Flaw Leaves ‘Billions’ of Records at Risk: Security Researchers

  17-06-2015 10:42
  
  Security researchers have uncovered a flaw in the way thousands of popular mobile applications store data online, leaving users’ personal information, including passwords, addresses, door codes and location data, vulnerable to hackers. The team of German researchers found 56 million …
  The article Mobile App Data Flaw Leaves ‘Billions’ of Records at Risk: Security Researchers appeared first on Insurance Journal.
  
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• Florida Man Crushed to Death in Compactor at Recycling Plant

  17-06-2015 07:02
  
  Officials say a man was crushed to death inside a machine at a central Florida recycling plant. Winter Garden police Lt. Scott Allen says the man was sorting cardboard with a bailing machine Monday morning when he somehow “ended up …
  The article Florida Man Crushed to Death in Compactor at Recycling Plant appeared first on Insurance Journal.
  
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• Tennessee County Looks to Fix ‘Deficiency’ in After-Hours DUI Processing

  17-06-2015 06:58
  
  Officials in Sullivan County, Tenn., are looking to change how some drunken driving arrests are made after finding a “deficiency” in the criminal process that has led to charges being dismissed in several cases and threatened in others. The county’s …
  The article Tennessee County Looks to Fix ‘Deficiency’ in After-Hours DUI Processing appeared first on Insurance Journal.
  
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• West Virginia City to Require Registration of Vacant Properties

  17-06-2015 06:47
  
  Owners of vacant properties in Parkersburg, W. Va., soon will have to register the structures with the city. City officials are implementing a new registry for vacant properties. The Parkersburg News and Sentinel reports that owners will have to register …
  The article West Virginia City to Require Registration of Vacant Properties appeared first on Insurance Journal.
  
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• Assurex Global Elects President of Florida-Based Celedinas Insurance to Board

  17-06-2015 06:36
  
  President and CEO of nationwide broker Celedinas Insurance Group, Ray Celedinas, has been appointed to the Assurex Global Board of Directors. Assurex Global is a global privately held commercial insurance, risk management and employee benefits brokerage group. A partner firm …
  The article Assurex Global Elects President of Florida-Based Celedinas Insurance to Board appeared first on Insurance Journal.
  
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• Why people don't buy long-term-care insurance - MarketWatch

  17-06-2015 05:22 via marketwatch.com
  
  MarketWatch
  Why people don't buy long-term-care insurance
  MarketWatch
  When it comes to long-term care, two facts stand out. First, an estimated 70% of people will need such care, which will be costly. And second, most of them refuse to buy insurance to cover it. The question is, why? Part of the explanation, no doubt, is ...
  
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• Ask a Trooper: Proof of insurance - Brainerd Daily Dispatch

  17-06-2015 00:23 via brainerddispatch.com
  
  International Falls Journal
  Ask a Trooper: Proof of insurance
  Brainerd Daily Dispatch
  Question: I have a question regarding electronic proof of auto insurance. I no longer receive a paper printout of my proof of auto insurance; is this acceptable if a person is required to show it on a traffic stop or crash? Advertisement. x. previous ...
  Carry proof of insuranceInternational Falls Journalall 2 news articles »
  
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• Is pet health insurance worth the price? - WSYR

  17-06-2015 00:18 via localsyr.com
  
  WSYR
  Is pet health insurance worth the price?
  WSYR
  Many people consider their pets to be members of the family. Like members of the family, when pets get sick, medical bills can add up quickly. Is pet health insurance worth the price? Syracuse (WSYR-TV) - Many people consider their pets to be members ...
  
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