Insurance news

• Final Rule Implements Flood Insurance Changes - National Mortgage News

  22-06-2015 23:40 via nationalmortgagenews.com
  
  National Mortgage Professional Magazine
  Final Rule Implements Flood Insurance Changes
  National Mortgage News
  WASHINGTON — Regulators finalized a rule Monday requiring banks to escrow flood insurance premiums and fees for loans on real estate located in a flood zone. Under the rule, which is similar to the six agencies' October 2014 proposal, the escrowing ...
  Flood Insurance Rule on Escrow, Detached Structures, LPI FinalizedABA Banking Journal (blog)
  Agencies Issue Flood Insurance RuleNat
  
  Read more

• Hub International Northeast Hires Gonzalez as New Business Producer in N.Y.

  22-06-2015 22:51
  
  Hub International Northeast, a division of Hub International Limited, hired Jerry Gonzalez as new business producer. He is based in Hub’s New York City office. In this role, Gonzalez will be responsible for developing and implementing employee benefit plans, focusing …
  The article Hub International Northeast Hires Gonzalez as New Business Producer in N.Y. appeared first on Insurance Journal.
  
  Read more

• Bracing for Supreme Court ruling, experts warn health insurance rates could ... - Fox 59

  22-06-2015 22:17 via fox59.com
  
  Fox 59
  Bracing for Supreme Court ruling, experts warn health insurance rates could ...
  Fox 59
  INDIANAPOLIS (June 22, 2015) – All eyes are on the United States Supreme Court as a major decision looms that could impact hundreds of thousands of Hoosiers. Experts say the consequences are potentially far-reaching, from insurance premiums to the ...and more »
  
  Read more

• Central Basin Municipal Water District's insurance costs double - The Whittier Daily News

  22-06-2015 21:59 via whittierdailynews.com
  
  Central Basin Municipal Water District's insurance costs double
  The Whittier Daily News
  COMMERCE >> Central Basin Municipal Water District's liability insurance costs will more than double, a year after its policy was canceled. The board voted Monday to approve a contract with Virginia-based Kinsale Insurance at an annual cost of $155,358 ...
  
  Read more

• Advertisement

• Researcher: La. consumers pay dearly for insurance - Alexandria Town Talk

  22-06-2015 21:22 via thetowntalk.com
  
  Alexandria Town Talk
  Researcher: La. consumers pay dearly for insurance
  Alexandria Town Talk
  A study by a Dallas-based researcher suggests that Louisianians pay a greater percentage of their annual income for insurance than people in other states. Jeffrey Chu of nerdwallet, a consumer website, says that on average, Louisianians pay $7,300 a ...
  Insurance puts hole in our walletsMonroe News Star
  Louisiana Residents Spend the Most on Insurance, Study SaysCurbed NOLA (blog)all 5 news articles 
  
  Read more

• Floridians spend more on insurance than residents in most other states - South Florida Business Journal

  22-06-2015 21:18 via bizjournals.com
  
  South Florida Business Journal
  Floridians spend more on insurance than residents in most other states
  South Florida Business Journal
  Insurance premiums are a huge expense for Floridians, with residents of the Sunshine State spending an average of 17.1 percent of their annual income on insurance, according to a new study from San Francisco-based NerdWallet. Released Monday, the ...
  Where do People Pay the Most and Least for Homeowners, Health, Auto and ...NerdWallet (blog)
  Homeowners insura
  
  Read more

• Most Americans Want Health Insurance Subsidies to Continue, Poll FInds - Health.com

  22-06-2015 21:03 via news.health.com
  
  Health.com
  Most Americans Want Health Insurance Subsidies to Continue, Poll FInds
  Health.com
  MONDAY, June 22, 2015 (HealthDay News) — Only one in five Americans wants to see the elimination of federal subsidies for people who buy health insurance under Obamacare, a new HealthDay/Harris Poll reveals. Print a $3 Coupon for Probiotic Pearlsª.
  Find Information About:WebMD
  Virginians' Health Insurance Subsidies: In Danger?WMRA
  Only one in five wants to see subsidies for health insurance elimi
  
  Read more

• All VINs affected by Takata recalls now searchable in NHTSA tool

  22-06-2015 19:46
  
  NHTSA has loaded all the vehicle identification numbers (VINs) into its VIN Lookup Tool on the agency’s website, SaferCar.gov.
  
  Read more

• Advertisement

• Oregon lawsuit says homeowners shouldn't be turned down for insurance for having pit bull service dogs

  22-06-2015 19:38
  
  A lawsuit has been filed in federal court in Oregon claiming that people with disabilities shouldn't be turned down for homeowners insurance because they have pit bulls for service dogs.
  
  Read more

• New Connecticut law requires businesses to offer identity theft protection services after a data breach

  22-06-2015 19:15
  
  Connecticut’s new identity theft protection services law applies to all companies doing business in the state, even if they have no physical location there.
  
  Read more

• GEICO Expands Ridesharing Coverage to Georgia

  22-06-2015 18:58
  
  GEICO has continued the expansion of its new auto insurance product for drivers of transportation network companies (TNC) with the addition of Georgia. GEICO offers ridesharing coverage through GEICO Commercial at a price lower than taxi and commercial rates. GEICO …
  The article GEICO Expands Ridesharing Coverage to Georgia appeared first on Insurance Journal.
  
  Read more

• New York Lawmakers Approve Tougher Regulation of Nail Salons

  22-06-2015 18:58
  
  New York lawmakers on June 19 approved tougher regulation of nail salons, intended to help protect some 40,000 workers — many of them female immigrants — from getting shorted on pay and otherwise mistreated. The Assembly’s unanimous vote, following Senate …
  The article New York Lawmakers Approve Tougher Regulation of Nail Salons appeared first on Insurance Journal.
  
  Read more

• NYSIF Issues Update on Elimination of WCB Fees, Weekly Benefit Rate

  22-06-2015 18:57
  
  The New York State Insurance Fund (NYSIF) issued an update on June 19 noting that Gov. Andrew Cuomo recently announced the elimination of a number of Workers’ Compensation Board (WCB) fees as a part of the 2015-16 state budget. According …
  The article NYSIF Issues Update on Elimination of WCB Fees, Weekly Benefit Rate appeared first on Insurance Journal.
  
  Read more

• Michigan Regulators OK Meadowbrook/Fosun International Transaction

  22-06-2015 18:56
  
  Michigan insurance regulators have approved the acquisition of Southfield-based Meadowbrook Insurance Group Inc. by China’s Fosun International Limited. Meadowbrook Insurance Group announced that it received the required regulatory approvals from the Michigan Department of Insurance and Financial Services on June 18, …
  The article Michigan Regulators OK Meadowbrook/Fosun International Transaction appeared first on Insurance Journal.
  
  Read more

• Kliewer Elected Chair of the Independent Insurance Agents of Texas - Insurance Journal

  22-06-2015 18:49 via insurancejournal.com
  
  Kliewer Elected Chair of the Independent Insurance Agents of Texas
  Insurance Journal
  The Independent Insurance Agents of Texas (IIAT) elected Bill Kliewer, managing partner at BKCW in Killeen, to serve as chairman for 2015-2016. Kliewer has more than 35 years of insurance, financial and management experience, Kliewer is among the ...
  
  Read more

• Kliewer Elected Chair of the Independent Insurance Agents of Texas

  22-06-2015 18:49
  
  The Independent Insurance Agents of Texas (IIAT) elected Bill Kliewer, managing partner at BKCW in Killeen, to serve as chairman for 2015-2016. Kliewer has more than 35 years of insurance, financial and management experience, Kliewer is among the leaders in his field. …
  The article Kliewer Elected Chair of the Independent Insurance Agents of Texas appeared first on Insurance Journal.
  
  Read more

• You’ve been served: How to process subpoenas for claims files

  22-06-2015 18:38
  
  Subpoenas demand a response. Here’s how to manage them in your claims workflow.
  
  Read more

• Ohio Settles with Rock Salt Firms, Sets Up Online Claims Process

  22-06-2015 18:31
  
  Ohio has introduced an online claims process to allow local governments to claim a share of the $11.5 million settlement with two rock salt producers that state officials say conspired to drive up prices. Public entities in the state that …
  The article Ohio Settles with Rock Salt Firms, Sets Up Online Claims Process appeared first on Insurance Journal.
  
  Read more

• Thousands of Texans Seek Federal in Wake of May Storms

  22-06-2015 18:27
  
  Thousands of Texans have sought government help in the weeks since deadly storms and flooding devastated parts of the state. The Federal Emergency Management Agency announced June 20 that more than 17,500 individuals have registered so far for assistance. A federal …
  The article Thousands of Texans Seek Federal in Wake of May Storms appeared first on Insurance Journal.
  
  Read more

• Thousands of Texans Seek Federal Aid in Wake of May Storms

  22-06-2015 18:27
  
  Thousands of Texans have sought government help in the weeks since deadly storms and flooding devastated parts of the state. The Federal Emergency Management Agency announced June 20 that more than 17,500 individuals have registered so far for assistance. A federal …
  The article Thousands of Texans Seek Federal Aid in Wake of May Storms appeared first on Insurance Journal.
  
  Read more

• MEMIC Promotes Holbrook to VP of Information Technology in Maine

  22-06-2015 18:24
  
  The MEMIC Group, a workers’ compensation insurer based in Portland, Maine, promoted Matthew Holbrook to vice president of Information Technology from director of IT applications. Based in Portland, Holbrook will report to Chief Operating Officer Daniel J. McGarvey. In his …
  The article MEMIC Promotes Holbrook to VP of Information Technology in Maine appeared first on Insurance Journal.
  
  Read more

• Michigan Lawmakers OK Alcohol on Liability-Insured ‘Pedal Pubs’

  22-06-2015 18:23
  
  People would be able to drink alcohol on certain pedal-powered vehicles under legislation going to Michigan Gov. Rick Snyder for consideration. The state House on June 18 gave final approval to the two bills. The bills would allow alcohol to …
  The article Michigan Lawmakers OK Alcohol on Liability-Insured ‘Pedal Pubs’ appeared first on Insurance Journal.
  
  Read more

• Feds Want Proceeds from Convicted North Dakota Farmers’ Property Sale

  22-06-2015 18:18
  
  Prosecutors are asking a judge to allow the government to seize money from an auction sale by two North Dakota brothers who were ordered to pay back more than $900,000 for intentionally destroying potatoes to collect federal crop insurance payments. …
  The article Feds Want Proceeds from Convicted North Dakota Farmers’ Property Sale appeared first on Insurance Journal.
  
  Read more

• ‘Boyhood’ Director Linklater Loses Suit Against Insurer

  22-06-2015 18:15
  
  “Boyhood” director Richard Linklater again has lost in a lawsuit against his insurance company over what he says was $500,000 in property and film memorabilia destroyed by Texas wildfires in 2011. A Texas appeals court has upheld an earlier ruling …
  The article ‘Boyhood’ Director Linklater Loses Suit Against Insurer appeared first on Insurance Journal.
  
  Read more

• SAN Group Hires Read as Agency Development Field Specialist in Conn.

  22-06-2015 18:15
  
  Satellite Agency Network (SAN) Group Inc., an alliance of independent property/casualty insurance agencies in the Northeast, hired John Read as agency development field specialist. He will be based out of East Granby, Connecticut. As part of SAN’s Agency Development team, …
  The article SAN Group Hires Read as Agency Development Field Specialist in Conn. appeared first on Insurance Journal.
  
  Read more

• Texas Tops in Lightning Damage Claims

  22-06-2015 18:10
  
  Lightning damage is the most striking in Texas, at least for the insurance industry. The average claim in the state was $10,671 last year, the Insurance Information Institute said in a statement. That’s the highest figure among the 10 states …
  The article Texas Tops in Lightning Damage Claims appeared first on Insurance Journal.
  
  Read more

• Texas Tops in Lightning Damage Claim Amounts

  22-06-2015 18:10
  
  Lightning damage is the most striking in Texas, at least for the insurance industry. The average claim in the state was $10,671 last year, the Insurance Information Institute said in a statement. That’s the highest figure among the 10 states …
  The article Texas Tops in Lightning Damage Claim Amounts appeared first on Insurance Journal.
  
  Read more

• Owner of Mass. Asbestos Abatement Firm Indicted for Work Comp Fraud

  22-06-2015 17:57
  
  A Massachusetts man who owns an asbestos abatement company has been indicted for allegedly failing to accurately report the nature of his company’s work to avoid paying thousands of dollars in insurance premiums. Massachusetts Attorney General Maura Healey announced on …
  The article Owner of Mass. Asbestos Abatement Firm Indicted for Work Comp Fraud appeared first on Insurance Journal.
  
  Read more

• Will you pay more health insurance as companies merge? - CNNMoney

  22-06-2015 17:54 via money.cnn.com
  
  CNNMoney
  Will you pay more health insurance as companies merge?
  CNNMoney
  There are five major health insurers in America. There soon may be only three. What will that mean for you? Anthem (ANTM), a prominent Blue Cross and Blue Shield insurer, made an offer for Cigna (CI) over the weekend. Cigna has rejected it -- for now.
  Will One of the Health Insurance Mergers Get a Cold Shoulder?24/7 Wall St.
  Clash of the insurance titans: What it means for health care as we know itFox News
  Health Insurance
  
  Read more

• RSA’s Former Irish Boss Wins $1.4M on ‘Sledgehammer’ Ouster: Tribunal

  22-06-2015 17:44
  
  RSA Insurance Group plc’s former Irish head was awarded 1.25 million euros ($1.4 million), as a tribunal said the company destroyed his reputation amid a scandal that triggered the biggest sell-off in its shares for a decade. Philip Smith won his constructive …
  The article RSA’s Former Irish Boss Wins $1.4M on ‘Sledgehammer’ Ouster: Tribunal appeared first on Insurance Journal.
  
  Read more

• Montana becomes second state to provide concussion insurance for high school ... - USA TODAY High School Sports

  22-06-2015 17:41 via usatodayhss.com
  
  USA TODAY High School Sports
  Montana becomes second state to provide concussion insurance for high school ...
  USA TODAY High School Sports
  The Montana High School Association will provide concussion insurance for every high school athlete and cheerleader for the 2015-16 season, The Montana Standard reported. The insurance will be provided by the HeadStrong Insurance Program, ...
  
  Read more

• Utah Cabs Want Ridesharing Companies Subject to Airport Fare Rules

  22-06-2015 17:33
  
  A Utah cab company lawyer says it’s frustrating that new limits on airport cab fares won’t apply to ridesharing companies like Uber and Lyft. Yellow Cab attorney Rocky Anderson said last week that cab companies don’t mind the regulations, but they …
  The article Utah Cabs Want Ridesharing Companies Subject to Airport Fare Rules appeared first on Insurance Journal.
  
  Read more

• $40M Jury Award in Suit Over California TGI Friday’s Killing

  22-06-2015 17:30
  
  A Southern California jury awarded $40 million to the parents of a man who was stabbed to death in a TGI Friday’s restaurant. The panel found that the restaurant’s operator was 55 percent responsible for the January 2009 death at …
  The article $40M Jury Award in Suit Over California TGI Friday’s Killing appeared first on Insurance Journal.
  
  Read more

• Texas tops lightning-damage list as mansions on hills are zapped

  22-06-2015 17:15
  
  Lightning damage is the most striking in Texas, at least for the insurance industry.
  
  Read more

• Barney & Barney Names Quigley P/C Director in California

  22-06-2015 17:13
  
  Barney & Barney Insurance Services LLC has named Sam Quigley director of property/casualty. Quigley will work in the firm’s Orange County, Calif. office, where he will focus on building the firm’s presence in the region, as well as recruiting, training and developing personnel. …
  The article Barney & Barney Names Quigley P/C Director in California appeared first on Insurance Journal.
  
  Read more

• Glatfelter Public Practice Names Watkins Sales Executive in California

  22-06-2015 17:02
  
  Glatfelter Public Practice has named Martin Watkins a sales executive for California water-related accounts. Watkins will work in the Stockton, Calif. office and focus on developing business with water entities – those who treat, store and distribute water. Watkins has …
  The article Glatfelter Public Practice Names Watkins Sales Executive in California appeared first on Insurance Journal.
  
  Read more

• Selling is not telling: 4 tips to offer better insurance solutions

  22-06-2015 15:34
  
  Insurance is a relationship business. How do you forge and maintain relationships with your customers and prospects?
  
  Read more

• AIG Names Bexiga Commercial Insurance IT Officer

  22-06-2015 15:27
  
  American International Group Inc. announced that Annabelle Bexiga has been named business information officer (BIO) for Commercial Insurance. Effective in August 2015, Bexiga will report to Phil Fasano, chief information officer, and will also report to John Doyle, chief executive …
  The article AIG Names Bexiga Commercial Insurance IT Officer appeared first on Insurance Journal.
  
  Read more

• Why Cigna Rejected $47 Billion Bid by Anthem

  22-06-2015 15:17
  
  Cigna Corp. rejected Anthem Inc.’s $47 billion takeover bid, saying it was inadequate, not in the best interests of shareholders and that Anthem’s management wasn’t fit to lead a merged insurance giant. Anthem on Saturday offered to buy the smaller …
  The article Why Cigna Rejected $47 Billion Bid by Anthem appeared first on Insurance Journal.
  
  Read more

• Wharton study finds disaster aid displaces property insurance - R Street

  22-06-2015 15:15 via rstreet.org
  Wharton study finds disaster aid displaces property insurance
  R Street
  Federal disaster aid granted to communities hit by natural catastrophes causes demand for property insurance to fall by six times as much, according to a new issue briefing from the University of Pennsylvania's Wharton Risk Management and Decision ...and more »
  
  Read more

• XL’s Fortune Joins Aspen Product Liability Team

  22-06-2015 15:09
  
  Aspen U.S. Insurance said that Grace Fortune has joined as senior vice president and product line leader for Products Liability. Reporting to Roxanne Mitchell, executive vice president for Aspen U.S. Casualty, Fortune will be based in Chicago. She will oversee …
  The article XL’s Fortune Joins Aspen Product Liability Team appeared first on Insurance Journal.
  
  Read more

• Bamboozled: Could NJ be the next victim of this growing car insurance fraud ... - NJ.com

  22-06-2015 15:01 via nj.com
  
  NJ.com
  Bamboozled: Could NJ be the next victim of this growing car insurance fraud ...
  NJ.com
  Imagine you get into a car accident. You pull over. Fortunately, no one appears to be injured. The police arrive. The officer takes your license, registration and insurance card, and after all the information is recorded, you go on your way. Days later ...
  
  Read more

• Ohio Politics Now: What will happen to Ohioans' insurance options after court ... - Columbus Dispatch

  22-06-2015 14:50 via dispatch.com
  
  Columbus Dispatch
  Ohio Politics Now: What will happen to Ohioans' insurance options after court ...
  Columbus Dispatch
  The U.S. Supreme Court has quite a few big decisions to hand down yet this month and one could affect how 161,000 Ohioans get their insurance. Those are the people who get $41 million per month in tax credits to help pay for their insurance through the ...and more »
  
  Read more

• Gotcha! Home security cameras and homeowner liability concerns

  22-06-2015 14:41
  
  There can be disconcerting liability consequences for the improper use of home security cameras.
  
  Read more

• AIG Hires TIAA-Cref's Annabelle Bexiga as Commercial Insurance Tech Chief - Wall Street Journal (blog)

  22-06-2015 13:32 via blogs.wsj.com
  
  Wall Street Journal (blog)
  AIG Hires TIAA-Cref's Annabelle Bexiga as Commercial Insurance Tech Chief
  Wall Street Journal (blog)
  American International Group Inc.AIG -0.74% has hired Annabelle Bexiga, currently chief operating officer of asset management at TIAA-CREF, for the newly created position of commercial insurance business information officer. She joins the company in ...
  AIG Names Annabelle Bexiga Lead IT Officer for Commercial Insurance BusinessMarketWatch
  AIG Names Bexiga Com
  
  Read more

• Aon Benfield Analytics Releases Lloyd’s Update; 2014 Performance Examined

  22-06-2015 13:30
  
  Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, which assesses the 2014 financial performance and latest developments in the Lloyd’s market. Key findings in the report include: The Lloyd’s market began 2015 with 92 active syndicates and slightly …
  The article Aon Benfield Analytics Releases Lloyd’s Update; 2014 Performance Examined appeared first on Insurance Journal.
  
  Read more

• Uber Expected to Ride Out Employee Ruling with Valuation Intact

  22-06-2015 13:09
  
  A California ruling requiring Uber to classify a San Francisco-based driver as an employee instead of an independent contractor could potentially change how sharing-economy companies operate, but it is unlikely to dent their value, investors said. If it holds up …
  The article Uber Expected to Ride Out Employee Ruling with Valuation Intact appeared first on Insurance Journal.
  
  Read more

• Uber Expected to Ride Out Employee Ruling, Maintain High Valuation

  22-06-2015 13:09
  
  A California ruling requiring Uber to classify a San Francisco-based driver as an employee instead of an independent contractor could potentially change how sharing-economy companies operate, but it is unlikely to dent their value, investors said. If it holds up …
  The article Uber Expected to Ride Out Employee Ruling, Maintain High Valuation appeared first on Insurance Journal.
  
  Read more

• Medical Insurance Is Good for Financial Health, Too - New York Times

  22-06-2015 13:00 via nytimes.com
  New York Times
  Medical Insurance Is Good for Financial Health, Too
  New York Times
  People who have health insurance have less health-related financial stress. That's a not-so surprising finding from a recent survey from the Centers for Disease Control and Prevention. There's good reason to expect the Affordable Care Act to reduce ...
  Obamacare's First Year Brought Health Insurance To Millions, Official Survey SaysHuffington Post
  Thanks To Obamacare, The Number Of Poor People Without
  
  Read more

• Report Calls for Overhaul of U.S. Auto Safety Agency

  22-06-2015 12:55
  
  The U.S. auto safety watchdog is racked by internal problems that have prevented the agency from acting to protect the public from deadly auto defects, including faulty GM ignition switches, according to federal investigators. An official U.S. Department of Transportation …
  The article Report Calls for Overhaul of U.S. Auto Safety Agency appeared first on Insurance Journal.
  
  Read more

Follow @Insurance_Newsl on Twitter!