Insurance news

• Hartford CEO channels Timberlake to put sexy back in insurance

  18-06-2015 20:36
  
  Hartford Financial Services Group Inc. Chief Executive Officer Chris Swift said the insurance industry is innovating more than people realize, as he looks to draw young and diverse talent to his company.
  
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• Illinois’ Harper College to Host Zurich’s Apprenticeship Program

  18-06-2015 19:58
  
  A global insurance company is teaming up with a Chicago-area community college to create what they believe is the first-of-its-kind insurance apprenticeship program in the United States and one they hope will become an industry standard in this country for …
  The article Illinois’ Harper College to Host Zurich’s Apprenticeship Program appeared first on Insurance Journal.
  
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• Penn. Health Care Marketplace Plan Strictly a Contingency: Gov.’s Office

  18-06-2015 18:59
  
  Pennsylvania Gov. Tom Wolf’s administration will pull the plug on its effort to start running the insurance marketplace created by the 2010 health care law if the U.S. Supreme Court allows federal health insurance subsidies to keep flowing to hundreds …
  The article Penn. Health Care Marketplace Plan Strictly a Contingency: Gov.’s Office appeared first on Insurance Journal.
  
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• General Star Expands Admitted Architects & Engineer Coverage to 3 Southeast States

  18-06-2015 18:59
  
  General Star has expanded its Architects and Engineers Professional Liability program on an admitted basis in North Carolina, South Carolina and Georgia. These three states join New York, New Jersey and Pennsylvania as territories in which admitted paper is obtainable. …
  The article General Star Expands Admitted Architects & Engineer Coverage to 3 Southeast States appeared first on Insurance Journal.
  
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• JLT Specialty, Keeper Security Form Client Data Protection Partnership

  18-06-2015 18:57
  
  JLT Specialty Insurance Services Inc. (JLT Specialty USA), and Keeper Security, Inc., a password manager and digital vault, have formed a partnership designed to offer clients a tool to protect confidential and private information and improve their underwriting risk profile. …
  The article JLT Specialty, Keeper Security Form Client Data Protection Partnership appeared first on Insurance Journal.
  
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• Market Strategies International Adds Bowler to Financial Services Team

  18-06-2015 18:52
  
  Market research firm, Market Strategies International, has added insurance industry veteran Jeremy Bowler as a senior vice president of research and consulting in the Financial Services division in Detroit. Bowler brings more than 25 years of experience in marketing and …
  The article Market Strategies International Adds Bowler to Financial Services Team appeared first on Insurance Journal.
  
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• High-Net Worth Insurer PURE Group Recapitalizes with Stone Point Capital, KKR

  18-06-2015 18:48
  
  Privilege Underwriters Inc., the holding company for the PURE Group of Insurance Companies, including the member-owned Privilege Underwriters Reciprocal Exchange (PURE), said it is recapitalizing with equity investments from funds managed by private equity firm Stone Point Capital, investment firm …
  The article High-Net Worth Insurer PURE Group Recapitalizes with Stone Point Capital, KKR appeared first on Insurance Journal.
  
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• Illinois’ Euclid Insurance Forms Financial Institutions Underwriting Unit

  18-06-2015 18:48
  
  Euclid Insurance Services, Inc. (Euclid), based in Itasca, Ill., has formed Euclid Financial Institution Underwriters LLC (Euclid Financial) and hired David McDonald and Jim Thomas to lead the new operation. Euclid Financial is a program administrator specializing in professional lines …
  The article Illinois’ Euclid Insurance FormsFinancial Institutions Underwriting Unit appeared first on Insurance Journal.
  
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• Texas-Based Walker Myers Acquired by The Hilb Group

  18-06-2015 18:42
  
  The Hilb Group LLC (THG) has acquired Texas-based Walker Myers Insurance & Risk Management LLC. With offices in Houston, San Antonio, Austin and Corpus Christi, Walker Myers presents its clients an array of insurance and consultative offerings with expertise in …
  The article Texas-Based Walker Myers Acquired by The Hilb Group appeared first on Insurance Journal.
  
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• Narragansett Bay Insurance Hires Fought as N.J. Territory Manager

  18-06-2015 18:41
  
  Narragansett Bay Insurance Company (NBIC) in Pawtucket, Rhode Island, hired Todd Fought as assistant vice president – New Jersey territory manager. In this position, Fought’s responsibilities will include developing and maintaining partnerships with NBIC’s agents and industry associations, and helping …
  The article Narragansett Bay Insurance Hires Fought as N.J. Territory Manager appeared first on Insurance Journal.
  
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• Tropical Storm Remnants Headed for the Midwest

  18-06-2015 18:34
  
  Tropical Storm Bill wrung out almost 12 inches of rain over parts of eastern Texas, was downgraded to a depression and then handed off from the National Hurricane Center to the Weather Prediction Center. That doesn’t mean the U.S. is …
  The article Tropical Storm Remnants Headed for the Midwest appeared first on Insurance Journal.
  
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• Remnants of Tropical Storm Bill Headed for the Midwest

  18-06-2015 18:34
  
  Tropical Storm Bill wrung out almost 12 inches of rain over parts of eastern Texas, was downgraded to a depression and then handed off from the National Hurricane Center to the Weather Prediction Center. That doesn’t mean the U.S. is …
  The article Remnants of Tropical Storm Bill Headed for the Midwest appeared first on Insurance Journal.
  
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• Louisiana, Oklahoma Face Deadlines for Flood Insurance Claims

  18-06-2015 18:32
  
  Insurance regulators in Louisiana and Oklahoma are are encouraging folks with flood insurance policies to file claims from recent flooding in those states as soon as possible. FEMA’s National Flood Insurance Program (NFIP) requires homeowners to file a Proof of …
  The article Louisiana, Oklahoma Face Deadlines for Flood Insurance Claims appeared first on Insurance Journal.
  
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• AssuredPartners Acquires StoudtAdvisors in Pennsylvania

  18-06-2015 18:28
  
  AssuredPartners Inc. announced its acquisition of StoudtAdvisors in Lancaster, Pennsylvania. Terms of the transaction were not disclosed. StoudtAdvisors is an independent insurance broker specializing in employee benefits programs and human resources consulting services to businesses in the central Pennsylvania region. …
  The article AssuredPartners Acquires StoudtAdvisors in Pennsylvania appeared first on Insurance Journal.
  
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• PMA Cos. in Pennsylvania Promotes Romeu to Claims Client Service VP

  18-06-2015 18:21
  
  PMA Companies in Blue Bell, Pennsylvania, promoted Lisa K. Romeu to vice president, Claims Client Service. Romeu reports to John Santulli, executive vice president, Risk Services and Sales. In this newly created position, Romeu will provide leadership and management of …
  The article PMA Cos. in Pennsylvania Promotes Romeu to Claims Client Service VP appeared first on Insurance Journal.
  
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• Tarrant County, Texas Gets New Insurance Fraud Prosecutor

  18-06-2015 18:17
  
  The Texas Department of Insurance (TDI) recently named William “Doug” Wallace as a fraud prosecutor who will work exclusively with criminal prosecutors in the Tarrant County District Attorney’s Office to combat insurance fraud. Wallace has two decades of insurance industry experience …
  The article Tarrant County, Texas Gets New Insurance Fraud Prosecutor appeared first on Insurance Journal.
  
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• N.J. Police Captain Accused of Illegally Accessing Private Insurance Database

  18-06-2015 18:15
  
  Authorities have accused a Newark, New Jersey, police captain and a former officer of illegally accessing a private insurance database to sell the information to others. Capt. Anthony Buono of Millstone, New Jersey, and former Officer Dino D’Elia of Nutley, …
  The article N.J. Police Captain Accused of Illegally Accessing Private Insurance Database appeared first on Insurance Journal.
  
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• Willis North America Adds 5 to FINEX Cyber Unit

  18-06-2015 17:30
  
  Insurance broker Willis North America announced a series of senior appointments to its FINEX (financial and executive risk) Cyber/Errors and Omissions practice. Adeola Adele has been appointed executive vice president and Cyber thought leader, based in New York.  In this …
  The article Willis North America Adds 5 to FINEX Cyber Unit appeared first on Insurance Journal.
  
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• Probe Under Way in California Balcony Collapse as Victims Mourned

  18-06-2015 17:29
  
  A group of Irish and Irish-American young men and women were enjoying their last blast summer in California before cracking down with college and careers, a rite of passage tens of thousands from the Emerald Isle have taken over the …
  The article Probe Under Way in California Balcony Collapse as Victims Mourned appeared first on Insurance Journal.
  
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• Here's what every adjuster should know about lightning and electronics

  18-06-2015 17:20
  
  Expensive technology means costly damage claims
  
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• GEICO Launches End-to-End Ridesharing Coverage in Texas

  18-06-2015 16:34
  
  GEICO has unveiled a new auto insurance product in Texas for drivers of on-demand transportation network companies (TNC) like Uber, Lyft, Sidecar that covers both personal and ridesharing needs. GEICO Senior Vice President Robert Miller said the coverage can meet …
  The article GEICO Launches End-to-End Ridesharing Coverage in Texas appeared first on Insurance Journal.
  
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• All hail, spring is here!

  18-06-2015 16:32
  
  Spring hail storms bring increased risk of damage for cars.
  
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• “The state of the business is strong”: Here's everything that S&P is predicting for P&C insurance in 2015

  18-06-2015 16:05
  
  Overall, the outlook for P&C insurers is positive, according to attendees at S&P's 2015 Insurance Conference, but is the reward worth the risk?
  
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• Zurich Insurance Plans Insurance Apprenticeship Program in U.S.

  18-06-2015 15:57
  
  Zurich Insurance Group plans to establish an apprenticeship program in the U.S. to help attract and train young people for careers in the insurance industry. Zurich said it is committed to putting into practice a program modeled after Switzerland’s national …
  The article Zurich Insurance Plans Insurance Apprenticeship Program in U.S. appeared first on Insurance Journal.
  
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• California workers' comp benefits will increase in 2016

  18-06-2015 15:56
  
  The California Workers' Compensation Institute says work injury claims will increase in 2016 due to a rise in California's State Average Weekly Wage in 2015.
  
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• Technology and subrogation: A perfect match

  18-06-2015 15:45
  
  Technological advancements can allow insurers to enhance the customer experience, streamline internal practices and drive successful outcomes, as well as improve policy administration and other internal processes.
  
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• Insurers Unprepared for Self-Driving Car Disruption: KPMG

  18-06-2015 15:33
  
  The majority of property/casualty insurers do not expect autonomous or self-driving vehicles to have a real impact on their auto insurance business for another decade and have not adjusted their business models to prepare for the disruption. Many insurer executives …
  The article Insurers Unprepared for Self-Driving Car Disruption: KPMG appeared first on Insurance Journal.
  
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• Car Thieves Now Targeting Vehicles for Parts

  18-06-2015 14:58
  
  While car thefts are declining across the country, stealing car parts and accessories is proving to be a lucrative business for professional thieves. According to the National Insurance Crime Bureau (NICB), organized crime rings are targeting newer vehicles parked in …
  The article Car Thieves Now Targeting Vehicles for Parts appeared first on Insurance Journal.
  
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• Dragged into Tomorrowland: Why insurers need to transform to support their business

  18-06-2015 14:54
  
  There is one question every CEO and CIO should answer as they evaluate the modernization steps that will help secure their futures.
  
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• Managing the risks of high-net-worth clients' global travels

  18-06-2015 14:27
  
  When wealthy people take a trip abroad, their jewelry, designer clothing, artwork, nannies and even their automobiles travel along.
  
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• No Clear Rescue Plan If Supreme Court Ends Obamacare Subsidies

  18-06-2015 14:18
  
  Millions of Americans could lose their insurance if the U.S. Supreme Court rules against President Barack Obama on his healthcare law. And with the decision due in the next two weeks, the government has no backup plan. The court will …
  The article No Clear Rescue Plan If Supreme Court Ends Obamacare Subsidies appeared first on Insurance Journal.
  
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• UK SMEs Fail to Outsource Non-Core Business Activities: Broker Survey

  18-06-2015 13:51
  
  A significant number of leaders of small and medium-sized enterprises (SMEs) in the United Kingdom perform a lot of tasks outside their job descriptions, instead of outsourcing these to insurance brokers, recruiters or IT specialists, according to research carried out …
  The article UK SMEs Fail to Outsource Non-Core Business Activities: Broker Survey appeared first on Insurance Journal.
  
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• Massachusetts secures insurance waiver for small businesses - Boston Business Journal (blog)

  18-06-2015 12:42 via bizjournals.com
  
  Boston Business Journal (blog)
  Massachusetts secures insurance waiver for small businesses
  Boston Business Journal (blog)
  Massachusetts has received an extended waiver from a section of the Affordable Care Act that mandates how insurers calculate premiums for small businesses, news that will help keep insurance premiums low for small businesses for the next two years.
  Health insurance waiver 'a huge relief' for small businessesBoston Globeall 38 news articles »
  
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• U.S. Vows Commercial Drone Rules Within a Year

  18-06-2015 12:34
  
  U.S. commercial drone operations could take flight on a large scale by this time next year, as federal regulators finalize rules allowing widespread unmanned aerial system use by companies, according to congressional testimony on Wednesday. A senior Federal Aviation Administration …
  The article U.S. Vows Commercial Drone Rules Within a Year appeared first on Insurance Journal.
  
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• Allianz to Boost Clean-Energy Investments; Eyes U.S. Wind Market

  18-06-2015 12:21
  
  Allianz SE is boosting its investments in clean-energy in the coming years and is looking to enter the U.S. wind market. The insurer’s Allianz Deutschland unit will raise its annual investment into renewables, mainly wind, about 75 percent to 350 …
  The article Allianz to Boost Clean-Energy Investments; Eyes U.S. Wind Market appeared first on Insurance Journal.
  
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• ACE Creates Asia-Pacific Unit to Service Captives, Complex Multinationals

  18-06-2015 12:05
  
  ACE Group has created a dedicated and centralized unit in Asia Pacific in response to increasing demand from corporate customers to deliver tailor-made risk transfer and risk managed solutions. Based in Singapore, this unit will provide customized products and services …
  The article ACE Creates Asia-Pacific Unit to Service Captives, Complex Multinationals appeared first on Insurance Journal.
  
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• Years of toil preceded windstorm insurance law - Corpus Christi Caller-Times

  18-06-2015 11:38 via caller.com
  
  Corpus Christi Caller-Times
  Years of toil preceded windstorm insurance law
  Corpus Christi Caller-Times
  Copyright 2015 Journal Media Group. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Copyright 2015 Journal Media Group. All rights reserved. This material may not be published, broadcast, rewritten, ...
  
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• Update: Malaysian Navy Makes Contact With Pirates on Hijacked Oil Tanker

  18-06-2015 10:56
  
  A Malaysian naval vessel has made contact with the pirates onboard hijacked tanker Orkim Harmony and is trying to persuade them to surrender, a maritime official said on Thursday. The tanker as of noon (0400 GMT) was in Vietnamese waters …
  The article Update: Malaysian Navy Makes Contact With Pirates on Hijacked Oil Tanker appeared first on Insurance Journal.
  
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• Malaysia’s Hijacked Oil Tanker Discovered off Coast of Cambodia: Reports

  18-06-2015 10:56
  
  The small oil tanker that was hijacked off the southeast coast of Malaysia last week has been detected in Cambodian waters, according to local media reports on Thursday. State news agency Bernama, quoting Malaysia’s Chief of Navy Admiral Abdul Aziz …
  The article Malaysia’s Hijacked Oil Tanker Discovered off Coast of Cambodia: Reports appeared first on Insurance Journal.
  
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• Court Delays Ruling on 2013 Quebec Oil Train Crash Settlement

  18-06-2015 10:47
  
  A Quebec judge reserved his decision on Wednesday on whether to grant a motion that would clear the way for a settlement between victims of the 2013 Lac-Megantic oil train disaster and dozens of companies and individuals linked to the …
  The article Court Delays Ruling on 2013 Quebec Oil Train Crash Settlement appeared first on Insurance Journal.
  
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• Malaysia Islamic Insurers Seek to Double Policyholders by Going Digital

  18-06-2015 10:42
  
  Malaysia’s Islamic insurers are seeking to double policyholders in five years by investing more in digital technologies to attract a younger audience, according to the industry association’s head. Takaful operators should also step up educational campaigns to boost customers to 8.4 million …
  The article Malaysia Islamic Insurers Seek to Double Policyholders by Going Digital appeared first on Insurance Journal.
  
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• North Carolina Appeals Court Rules UNC Violated Tenure Rules in Professor Firing

  18-06-2015 07:09
  
  A state appeals court has ruled that the University of North Carolina didn’t follow proper procedures when it suspended and ultimately fired a tenured physics professor convicted of smuggling drugs in Argentina. The Court of Appeals ruled this week that …
  The article North Carolina Appeals Court Rules UNC Violated Tenure Rules in Professor Firing appeared first on Insurance Journal.
  
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• Oklahoma insurance commissioner reminds residents of flood insurance claim ... - NewsOK.com

  18-06-2015 07:02 via newsok.com
  
  CBS Local
  Oklahoma insurance commissioner reminds residents of flood insurance claim ...
  NewsOK.com
  Insurance Commissioner John Doak said residents with flood insurance who sustained damage in recent storms have 60 days to file a claim. From Staff Reports • Published: June 18, 2015. Advertisement. Flood claims deadline set. Oklahoma's insurance ...
  Do You Have Home Flood Insurance? Are You Sure?CBS Local
  Deadline Looming for Flood Insurance ClaimsPR Newswire (press release)
  National
  
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• Federal Government Sues Florida Ambulance Service over $28M in False Claims

  18-06-2015 06:54
  
  The federal government is suing a Jacksonville ambulance service over alleged false billing and other schemes. The Florida Times-Union reports that the company is accused of submitting false claims to federally subsidized health-care programs. The government alleges a 10-year kickback …
  The article Federal Government Sues Florida Ambulance Service over $28M in False Claims appeared first on Insurance Journal.
  
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• Thousands of Kentucky Festival Fans Want Refunds After Music Acts are No-Shows

  18-06-2015 06:42
  
  Thousands of people are demanding refunds after the Midwest Urban Expo and Music Fest at the KFC Yum! Center in Louisville, Ky., did not deliver acts as promised. WAVE-TV reports organizers of the June 13 event promised to feature several …
  The article Thousands of Kentucky Festival Fans Want Refunds After Music Acts are No-Shows appeared first on Insurance Journal.
  
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• Florida Governor Signs State Insurance Licensing, Workforce Development Bill - Insurance Journal

  18-06-2015 06:16 via insurancejournal.com
  
  Florida Governor Signs State Insurance Licensing, Workforce Development Bill
  Insurance Journal
  The Florida Association of Insurance Agents (FAIA) is celebrating the passage of House Bill 1133, a bill it sponsored in cooperation with the Florida Department of Financial Services. Passed overwhelmingly by Florida lawmakers, the bill was signed by ...
  
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• Florida Governor Signs State Insurance Licensing, Workforce Development Bill

  18-06-2015 06:07
  
  The Florida Association of Insurance Agents (FAIA) is celebrating the passage of House Bill 1133, a bill it sponsored in cooperation with the Florida Department of Financial Services. Passed overwhelmingly by Florida lawmakers, the bill was signed by Florida Gov. …
  The article Florida Governor Signs State Insurance Licensing, Workforce Development Bill appeared first on Insurance Journal.
  
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• Thousands in fifth congressional district could see health insurance costs ... - Winston-Salem Journal

  18-06-2015 06:02 via journalnow.com
  Winston-Salem Journal
  Thousands in fifth congressional district could see health insurance costs ...
  Winston-Salem Journal
  About 36,000 residents in the Fifth Congressional District are at risk of losing federal tax credits that help pay for their health insurance premium, according to a study by Families USA. The district includes parts of Alexander, Alleghany, Ashe ...
  
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• 8 Ways Small Businesses Can Save on Workers Compensation

  18-06-2015 02:00
  
  If you own a small business and have at least one employee besides yourself, by law you have to carry workers compensation insurance. The going average cost in the private sector right now is around $2.30 for every hour worked, times the number of...
  
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• South Korea to Offer MERS Insurance to Tourists - Voice of America

  18-06-2015 01:28 via voanews.com
  
  Voice of America
  South Korea to Offer MERS Insurance to Tourists
  Voice of America
  SEOUL—. South Korea's tourism industry is in damage control mode following the outbreak of the Middle East Respiratory Disease (MERS) that has caused thousands of international visitors to change or cancel planned visits. Rather than minimizing the ...
  South Korea to offer tourists free 'MERS insurance'Washington Post (blog)
  Worried about MERS? South Korea will insure you for freeCNNMoney
  South
  
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